Introduction
Deriv is a popular online trading platform that allows users to trade various financial instruments such as forex, commodities, and cryptocurrencies. Many people wonder if it is possible to have multiple Deriv accounts. In this article, we will explore the rules and regulations regarding multiple accounts on Deriv and whether it is allowed or not.
One Account per Person
Deriv follows a strict policy of allowing only one trading account per person. This means that if you already have a Deriv account, you are not allowed to open another one using the same personal information. The platform has measures in place to detect any attempts of opening multiple accounts by the same individual.
Why Only One Account?
The reason behind the one account per person policy is to ensure fair trading practices and prevent any misuse of the platform. By allowing only one account, Deriv can maintain a level playing field for all traders and prevent any fraudulent activities such as money laundering or market manipulation.
Using Multiple Accounts
Attempting to use multiple accounts on Deriv is strictly against the platform’s terms and conditions. If you are caught using multiple accounts, your accounts may be suspended or permanently banned, and you may lose any funds or profits associated with those accounts.
Consequences of Having Multiple Accounts
If you are found to have multiple Deriv accounts, the consequences can be severe. Not only will your accounts be suspended or banned, but you may also face legal repercussions depending on the severity of the violation. It is always best to abide by the platform’s rules and regulations to avoid any such issues.
Exception for Joint Accounts
While Deriv allows only one account per person, it does make an exception for joint accounts. If you wish to have a joint account with another person, such as a spouse or business partner, you can contact Deriv’s customer support to provide the necessary information and documentation for opening a joint account.
Benefits of a Single Account
Having a single Deriv account has its benefits. Firstly, it ensures that you are in compliance with the platform’s rules and regulations. Secondly, it allows you to focus all your trading activities in one place and manage your funds more effectively. Additionally, it simplifies the account verification process and avoids any confusion or complications that may arise from having multiple accounts.
Conclusion
In conclusion, it is not allowed to have two Deriv accounts under the same personal information. Deriv follows a strict one account per person policy to maintain fair trading practices and prevent any misuse of the platform. Attempting to use multiple accounts can result in severe consequences, including account suspension, permanent banning, and even legal repercussions. It is always best to abide by the platform’s rules and regulations to ensure a smooth and hassle-free trading experience.
