If you’re a trader who values cost efficiency and transparency, the Deriv Zero Spread Account is designed with you in mind. With this account, you can trade with spreads as low as zero, ensuring that you keep more of your profits.

This guide provides an in-depth look at the features, benefits, and everything else you need to know about the Zero Spread Account on Deriv. Keep reading to learn how it works and how to get started.

What Is a Deriv Zero Spread Account?

The Deriv Zero Spread Account is a specialized trading account that allows you to trade with zero or very low spreads on certain assets. Spreads refer to the difference between the bid (selling) price and the ask (buying) price in a trade. With zero spreads, you don’t lose money to this difference, making your trades more cost-effective.

Key Features of the Deriv Zero Spread Account

1. Zero or Tight SpreadsWith this account, you can trade forex and other instruments with spreads as low as zero on specific pairs. This feature is particularly beneficial for scalpers and day traders who make frequent trades.
2. Competitive CommissionsAlthough there is no spread, Deriv applies a small commission per trade. This ensures cost transparency and keeps overall costs low.
3. Wide Asset RangeTrade forex, commodities, synthetic indices, and cryptocurrencies with zero or tight spreads, giving you the flexibility to explore various markets.
4. Powerful Trading PlatformsThe Zero Spread Account is supported on DMT5 (MetaTrader 5) and DTrader, which are known for their intuitive interfaces and advanced tools.
5. Fast Execution
   Execute your trades quickly with minimal slippage, ensuring that you enter and exit positions at your desired price.
6. Customizable LeverageThe account offers adjustable leverage options, allowing you to control larger positions with a smaller investment.

Benefits of the Deriv Zero Spread Account

The Deriv Zero Spread Account stands out because of the advantages it offers to traders:

1. Cost SavingsBy eliminating or reducing spreads, you save money on every trade. This is especially useful for high-frequency traders.
2. Increased Profit PotentialWith no spreads eating into your returns, you can maximize your profits on winning trades.
3. Better for Scalping StrategiesIf you use scalping or other short-term trading strategies, this account ensures that small price movements can lead to significant gains.
4. Transparent PricingYou always know what you’re paying with the flat commission per trade. There are no hidden fees, so you can calculate your costs upfront.
5. Flexibility Across MarketsTrade across a variety of assets without worrying about high spreads, ensuring better pricing and more opportunities.

How to Open a Deriv Zero Spread Account

Getting started with a Zero Spread Account on Deriv is quick and straightforward:

• Register on Deriv

Visit the Deriv website and sign up by providing your email address and creating a secure password.

• Verify Your Identity

Complete the verification process by uploading the necessary documents, such as an ID and proof of address.

• Select the Zero Spread Account

Once your account is verified, choose the Zero Spread Account type during the setup process.

• Fund Your Account

Deposit funds into your account using various methods like credit/debit cards, e-wallets, or cryptocurrency.

• Start Trading

Log in to the trading platform (DMT5 or DTrader), select your preferred instruments, and begin trading with zero spreads.

Who Should Use the Deriv Zero Spread Account?

The Zero Spread Account is perfect for:

1. Scalpers
   If you make frequent, small trades within a day, having zero spreads ensures your profits aren’t diminished by costs.
2. Day TradersFor those who close all positions by the end of the day, this account offers cost-effective trading opportunities.
3. Traders Focused on PrecisionWith tight spreads, you can make precise trades without worrying about the bid-ask gap.
4. High-Frequency TradersIf you execute multiple trades daily, the cost savings from zero spreads and low commissions add up quickly.
5. BeginnersEven if you’re new to trading, the straightforward pricing of the Zero Spread Account can make it easier to understand your costs and plan your trades.

Tips for Trading with a Deriv Zero Spread Account

To make the most of your Zero Spread Account, keep these tips in mind:

1. Monitor CommissionsEven though spreads are eliminated, there is a commission for each trade. Ensure that your trading strategy accounts for this cost.
2. Use Risk ManagementWith leverage options, it’s essential to manage your risk to avoid significant losses. Always set stop-loss and take-profit levels.
3. Stay Updated on Market NewsMarket movements can significantly impact your trades. Keep track of economic events and market news to make informed decisions.
4. Focus on High-Volatility AssetsZero spreads are particularly advantageous in volatile markets where price movements are frequent and substantial.
5. Test Your StrategiesBefore diving into live trading, test your strategies on a demo account to refine your approach and minimize errors.

Conclusion

The Deriv Zero Spread Account is a fantastic option for traders who value cost efficiency and transparency. By eliminating spreads, this account allows you to keep more of your profits, especially if you trade frequently or employ short-term strategies. 

The Zero Spread Account provides the tools and features to support your trading goals regardless of the type of trader you are. Take the first step today by opening your Deriv Zero Spread Account and experience the benefits of trading without spreads.

Frequently Asked Questions (FAQs)

What is a Zero Spread Account on Deriv?

• A Zero Spread Account allows you to trade with spreads as low as zero on specific instruments, making it more cost-effective for traders.

Are there any commissions on a Zero Spread Account?

• Yes, while spreads are eliminated, there is a small commission per trade to maintain transparent pricing.

Can beginners use the Deriv Zero Spread Account?

• Absolutely. The account is beginner-friendly and offers the same user-friendly platforms and resources as other account types.

What instruments can I trade with zero spreads?

• You can trade forex, commodities, cryptocurrencies, and synthetic indices with zero or tight spreads.

Is the Zero Spread Account suitable for scalping?

• Yes, this account is ideal for scalpers because it minimizes costs on frequent trades.