Introduction
Deriv is a popular trading platform that allows traders to trade on various assets such as forex, commodities, and cryptocurrencies. Many traders have wondered if they can have multiple Deriv accounts to trade on different markets or with different strategies. In this article, we will explore whether it is possible to have 2 Deriv accounts and the benefits and limitations of doing so.
Can You Have 2 Deriv Accounts?
The short answer is yes, you can have 2 Deriv accounts. However, there are limitations to opening multiple accounts. Deriv allows traders to open multiple accounts, but they must be linked to the same email address. This means that you cannot register multiple accounts with different email addresses.
Why Would You Want 2 Deriv Accounts?
There are several reasons why you may want to have 2 Deriv accounts. One reason is to trade on different markets. For example, you may want to have one account to trade forex and another account to trade cryptocurrencies. This allows you to focus on one market at a time and develop strategies specific to that market. Another reason is to separate your trading strategies. You may want to have one account for long-term investments and another account for short-term trades. This allows you to track your performance more accurately and make better decisions based on the data.
The Benefits of Having 2 Deriv Accounts
One of the benefits of having 2 Deriv accounts is that it allows you to diversify your trading portfolio. By trading on multiple markets or using different strategies, you can spread your risk and potentially increase your profits. Another benefit is that it allows you to maintain separate trading records. This makes it easier to track your performance and make adjustments to your trading strategies. Additionally, having separate accounts can help you avoid emotional trading decisions. When you have multiple accounts, you can make decisions based on data and not emotions.
The Limitations of Having 2 Deriv Accounts
While there are benefits to having 2 Deriv accounts, there are also limitations. One limitation is that you cannot link multiple accounts to different email addresses. This means that you will need to remember multiple login details or use a password manager. Another limitation is that you may be subject to additional fees. Deriv may charge additional fees for having multiple accounts, and you may also need to pay transaction fees for each account.
Conclusion
In conclusion, it is possible to have 2 Deriv accounts. However, there are limitations to opening multiple accounts, and you must link them to the same email address. Having multiple accounts can be beneficial for diversifying your trading portfolio, tracking your performance, and avoiding emotional trading decisions. However, it may also be subject to additional fees and require additional login details. Ultimately, the decision to have 2 Deriv accounts depends on your personal trading goals and strategies.
