Trading forex, synthetic indices and binary options from Zimbabwe can be very difficult. This is because of limitations that exist due to sanctions. For example, some brokers do not accept Zimbabwean traders. Those who do may only accept payment methods that do not serve Zimbabweans like Skrill & Neteller.
In this article, we are going to show you why Deriv is the best binary broker for Zimbabweans currently. We will explain how Deriv's features and options solve the main challenges facing Zimbabwean forex traders.
Reasons That Make Deriv The Best Forex Broker For Zimbabweans
Deriv Accepts Traders From Zimbabwe
Deriv accepts binary options traders from Zimbabwe without any reservations or restrictions.
Deriv Offers Flexible Methods To Move Funds Into & Out Of Traders Accounts
Deriv allows Zimbabwean binary traders to deposit and withdraw using local payment methods like EcoCash, Zipit, Mukuru transfers and cash. This can be done via payment agents and the dp2p platform.
Other brokers, on the other hand, mainly support funding options like Skrill, Neteller, Bitcoin, Bank transfers and credit cards. These options are not easily accessible to the majority of Zimbabweans.
As a result, they can't be chosen as the best forex brokers in Zimbabwe.
You Can Trade On Deriv Without Verifying Your Account
Account verification is an important process in the relationship between brokers and traders. However, the documents needed to verify a trading account like proof of residence are not easy to get for most Zimbabweans.
This leaves a lot of local traders stranded as they cannot withdraw without verifying their accounts. Fortunately, Deriv has an option that accommodates Zimbabwean binary options traders.The broker allows local traders to deposit and withdraw up to US$10 000 via payment agents without account verification. For more details read our post on How To Trade Without Verifying Your Account: Quick & Easy Ways For Zimbabweans in 2021.
Deriv Is A Reliable Broker
All the points stated above would not count for much if the broker was not reliable and trustworthy. Deriv is a regulated broker that has been in existence since 2000. It's trusted by over 1 million traders worldwide as a testimony of its reliability.
Deriv Offers Forex, Binary Options, Cryptocurrencies and Stock Trading
Deriv offers a wide variety of trading instruments for Zimbabweans. This makes it very convenient as one account can be used to trade in different ways. This is different from some brokers that offer either forex trading only or binary options trading only.
Deriv Offers A Number of Binary Options Trades.
There are a number of available options trades like Rise/Fall, Touch/ No Touch, Higher/Lower, Over/Under etc. This makes it easy for you to choose the binary options trade you want to take.
Deriv Allows Zimbabweans To Make Money Outside Of Trading
Deriv offers opportunities to make money without trading. There are two ways to do this. One way is to be a payment agent and make money by helping traders move money into and out of their trading accounts. You can learn more about how you can become a payment agent here.
Another way that you can earn money on Deriv without trading is by becoming an affiliate partner. You will then refer people to trade on Deriv. This will allow you to earn a lifetime commission on the trades taken by your referred traders. You will be able to make passive income while you sleep. Becoming a Deriv affiliate partner is free and you can open an affiliate partner account here.
Open A Deriv Affiliate Partner Account Here
Conclusion On Deriv Being The Best Binary Options Broker For Zimbabweans
We have shown you how Deriv is the best broker for Zimbabweans offering convenient and Zimbabwean-friendly options. No other broker offers the same advantages for Zimbabwean traders at the moment.
Arguably the best feature that Deriv has that makes it the best for Zimbabweans is its ability to accept local payment methods for deposits & withdrawals.
Open A Free Deriv.com Account HereTell us your experience with Deriv. Do you have any other binary options broker that you think is good for Zimbabweans? Share your thoughts in the comments below.