Deriv Broker - Free Entry Trading Competitions to Win Real Money
Join free trading competitions across Forex, Gold, and 24/7 Synthetic Indices. Use virtual funds to refine your skills and compete for real cash prizes without risking real money.
How do the Deriv trading competitions work?
The Deriv trading competitions are free, time-limited events where you can compete using virtual funds in a demo environment. You'll trade across financial markets and 24/7 Synthetic Indices, and top performers can win real cash prizes based on your final rankings.
Who can participate in the competitions? Anyone can participate. But you’ll need to have a fully verified Deriv account to claim your prize.
Is there a participation fee? There is no participation fee. Just register for any competition and start competing.
Registration & eligibility
How do I register? Just visit contest.deriv.com, pick a competition that interests you, and complete the registration process in just a few clicks.
Is it possible to join after a competition begins? Yes, registrations close one week before the end of each competition. Be sure to sign up early so you don’t miss any chance to climb the leaderboard.
Can I join with multiple accounts? You can only use one account per person, but you’re free to enter various competitions with it.
How will I know when a new competition is available? You can view upcoming and active competitions at any time on contest.deriv.com.
Competition rules & scoring
What is the starting balance of the competition trading account? You’ll receive $10,000 in virtual funds to compete.
Are there any trading requirements? Yes. To qualify for the rankings, you must actively trade for a minimum of 6 days during the competition.
How are rankings calculated? Your final position is based on your account balance at the end of the competition. The higher your balance, the higher your rank.
Can I track my performance during the competition? Yes, the live leaderboard displays your rank, statistics, and your position relative to other competitors in real-time.
Prizes & distribution
What can I win? Each competition offers real money rewards, credited straight to your Deriv account. The exact breakdown will be shared before the event's commencement.
How will I receive my prize? If you win, you’ll get an email with steps to claim your prize. Once completed, the amount will be automatically added to your Deriv account. Please note that you need to have a fully verified Deriv account to receive your prize.
Are the winnings subject to tax? Yes, if your local laws require it. You’re responsible for any taxes that apply to your winnings.
Technical & support
What happens if I face technical issues? You can contact our support team via live chat on our website for assistance. However, system failures or connection issues won’t lead to compensation or adjustments in competition results.
Can I use bots or automated tools? No, all trades must be placed manually. Using bots, EAs (expert advisors), or any other kind of automated trading strategy isn’t allowed in competitions.
Rules & fairness
What are the consequences of breaking the rules? Any violations — including the use of multiple accounts or bots, or trying to manipulate the market — will get you disqualified from the competition.
What happens if there’s a dispute? Deriv will review the matter and make the final call to ensure fairness. All decisions made by Deriv are final and binding.
Is the Onset of a Correction in the Crypto Market Approaching?
Bitcoin, the benchmark for digital assets, recorded a notable price decline over the past month, falling to as low as $107,233.
Despite the prevailing bullish structure on higher timeframes (monthly and weekly), several technical indicators have emerged suggesting a possible local top formation, alongside a relative overbought status. Consequently, market participants are exhibiting increasing caution.
On the weekly chart, Bitcoin failed to break above its previous swing high during the recent rally. The appearance of a bearish candle with an extended upper wick highlights a moderate withdrawal of buyers and signals potential weakness in upward momentum.
From a fundamental standpoint, the macro environment remains ambiguous: negative rumors—such as reports of extensive Bitcoin purchases by the U.S. government, quickly followed by official denials—combined with a strengthening USD and uncertainty regarding Federal Reserve interest rate policy, have collectively weighed on sentiment and price action.
On lower timeframes (daily and 4-hour), the price decline pushed Bitcoin toward a pivotal support at $112,000, currently acting as a key threshold against further downside. The formation of candles with long lower wicks on these intervals suggests the intervention of aggressive buyers attempting to defend this level, displaying anticipation of a potential rebound.
For bullish continuation, initial confirmation would require a breakout above the $114,700 resistance level. Sustained price acceptance above the primary $120,000 resistance zone would further invalidate correction scenarios and reinforce the prevailing uptrend.
Forex is the only market that never closes during the work week. It remains open weekly from 5:00 PM EST on Sunday to 4:00 PM EST on Friday, and is open 24 hours a day on trading days. Additionally, because it is the most volatile market, it offers the potential for substantial profits. A forex currency pair includes the US dollar and/or other global currencies.
The reason why currencies are always traded in pairs is that whenever you buy or sell one, you also buy or sell the other. There are two currencies in every currency pair: a base currency and a quote currency. The base currency is always listed first, and the quote currency is always listed second.
A currency pair’s price indicates how much of the quote currency you will need to spend to buy one unit of the base currency. For instance, in the currency pair EUR/USD, EUR serves as the base currency and USD as the quote currency. A quote price of 1.2000 indicates that one euro is equivalent to 1.20 US dollars. The top 10 currency pairs in forex are listed below, out of the numerous currency combinations you can select from.
EUR/USD (Euro/US Dollar)
The Euro and the US Dollar form the most traded currency pair in the forex market. Both currencies are crucial to the global economy, with the Euro being the official currency of the European Union, and the US Dollar serving as the world’s primary reserve currency. The exchange rate between these two is always in high demand, attracting traders due to its liquidity and low spreads. USD/JPY (US Dollar/Japanese Yen)
This pair represents the exchange rate between the US Dollar and the Japanese Yen. Japan’s economy is the third-largest in the world, making its currency a significant player in the forex market. This pair is known for its relatively low spreads and consistent price movements, which attract many traders. GBP/USD (British Pound/US Dollar)
Also known as “Cable,” this pair involves the exchange rate between the British Pound and the US Dollar. The UK is one of the world’s top financial centers, which ensures high liquidity and tight spreads for this pair. Many traders follow GBP/USD because of its historical price patterns and volatility. USD/CHF (US Dollar/Swiss Franc)
This forex pair denotes the exchange rate between the US Dollar and the Swiss Franc. Switzerland is renowned for its stable economy and robust financial sector, which makes the Swiss Franc a safe-haven currency. As a result, this pair is popular among traders seeking to capitalize on global economic events. AUD/USD (Australian Dollar/US Dollar)
The Australian Dollar and the US Dollar form a popular currency pair, primarily due to Australia’s strong commodity-based economy. This pair is often traded by those looking to profit from fluctuations in commodity prices, as well as general currency trends. USD/CAD (US Dollar/Canadian Dollar)
This pair indicates the exchange rate between the US Dollar and the Canadian Dollar. Canada’s economy is closely tied to the US, and both countries have extensive trade relationships. The USD/CAD pair is popular among traders looking to capitalize on fluctuations in oil prices, as Canada is a significant oil exporter. NZD/USD (New Zealand Dollar/US Dollar)
Also known as the “Kiwi,” this forex pair represents the exchange rate between the New Zealand Dollar and the US Dollar. New Zealand’s economy is heavily reliant on agriculture and commodity exports, making this pair popular among traders who focus on commodity price movements. EUR/GBP (Euro/British Pound)
This pair involves the exchange rate between the Euro and the British Pound. As two of the most significant currencies in Europe, this pair is popular among traders seeking to capitalize on economic events in the European region. The pair is known for its relatively low spreads and predictable price movements. EUR/JPY (Euro/Japanese Yen)
The Euro and the Japanese Yen form a popular forex pair, with many traders attracted to its high liquidity and low spreads. This pair is often used by traders as a proxy for global economic sentiment, given the importance of both the European and Japanese economies. GBP/JPY (British Pound/Japanese Yen): This currency pair denotes the exchange rate between the British Pound and the Japanese Yen. Known for its high volatility and wide price swings, this pair is popular among experienced traders seeking substantial profits from short-term price movements. Final words:
Trading forex can be challenging, especially for new traders who are unsure which currency pairs offer the most lucrative opportunities. However, traders can successfully navigate the markets and increase their chances of making a profit by developing a strong trading strategy and identifying the most suitable currencies for their investments. With that in mind, this article discusses 10 of the most popular forex currency pairs, examining why they are so well-liked and what factors influence their price movements.
Your Daily Trading Strategy Check-in - Deriv Broker September 22, 2025 Newsletter
Here are today's directional views from the global research desks of Trading Central! These are starting points for your own research to identify opportunities that make sense for you.
Investing in financial markets involves risking your capital, but some assets are riskier than others. For example, in the forex market, some assets are relatively more volatile and increase the chance of losing capital. The volatility of the assets correlates with factors such as gold and oil price movements, inflation rates, domestic financial policies, international political and economic events, etc. This article introduces ten currency pairs in the Forex market with volatile price movements.
GBP/JPY (British Pound/Japanese Yen)
Also known as the “Dragon,” this currency pair combines two highly volatile currencies. The British Pound is susceptible to political events, while Japan’s monetary policy influences the Japanese Yen. The combination of these factors results in substantial price swings, making GBP/JPY a high-risk forex pair. EUR/AUD (Euro/Australian Dollar)
This pair represents the exchange rate between the Euro and the Australian Dollar. Both currencies are influenced by economic events in their respective regions and global commodity prices. However, due to the considerable distance between Europe and Australia, economic releases are often asynchronous, which can lead to sudden and significant price fluctuations in the EUR/AUD pair. USD/ZAR (US Dollar/South African Rand)
The exchange rate between the US Dollar and the South African Rand is known for its high volatility. South Africa’s economy is influenced by political developments, labor strikes, and fluctuations in commodity prices, particularly gold and platinum. These factors make USD/ZAR a risky forex pair for traders. USD/TRY (US Dollar/Turkish Lira)
This forex pair denotes the exchange rate between the US Dollar and the Turkish Lira. Turkey’s economy is characterized by high inflation and political instability, contributing to the Turkish Lira’s volatile nature. Therefore, trading USD/TRY can be risky due to the currency’s unpredictability and potential for rapid depreciation. GBP/AUD (British Pound/Australian Dollar)
This currency pair involves the exchange rate between the British Pound and the Australian Dollar. Various factors, such as political events in the UK and commodity prices in Australia, influence both currencies. The combination of these influences can result in substantial price swings, making GBP/AUD a high-risk forex pair. EUR/NOK (Euro/Norwegian Krone)
This pair represents the exchange rate between the Euro and the Norwegian Krone. Norway’s economy heavily depends on oil exports, making its currency sensitive to fluctuations in oil prices. As a result, the EUR/NOK pair can experience considerable volatility, particularly during periods of changing oil prices or economic uncertainty. USD/MXN (US Dollar/Mexican Peso)
This forex pair denotes the exchange rate between the US Dollar and the Mexican Peso. Mexico’s economy is closely tied to the United States, and the Mexican Peso is influenced by changes in US economic policy, as well as domestic factors such as political uncertainty. Trading USD/MXN can be risky due to the currency’s susceptibility to sudden price movements. GBP/CAD (British Pound/Canadian Dollar)
This currency pair involves the British Pound and Canadian Dollar exchange rate. Both the UK and Canada are major oil producers, making their currencies sensitive to fluctuations in oil prices. Additionally, political events in the UK can significantly impact GBP/CAD, increasing its risk profile. AUD/JPY (Australian Dollar/Japanese Yen)
This pair represents the Australian dollar and Japanese yen exchange rate. Commodity prices influence the Australian Dollar, while the Japanese Yen is a safe-haven currency that tends to strengthen during periods of economic uncertainty. As a result, AUD/JPY can experience considerable volatility, making it a high-risk forex pair. USD/RUB (US Dollar/Russian Ruble)
This forex pair denotes the exchange rate between the US Dollar and the Russian Ruble. Russia’s economy relies heavily on oil and gas exports, making its currency susceptible to fluctuations in energy prices. Political tensions and economic sanctions can also significantly impact the Russian Ruble, making the USD/RUB a risky forex pair.
Final Words
In conclusion, traders should be aware of the factors that influence the value of fiat currencies and consider these factors when opening short or long positions. This article introduces the ten most risky forex currency pairs, characterized by high volatility and susceptibility to various economic factors. Therefore, traders should take a more cautious approach when investing in these currency pairs.
Your Daily Trading Strategy Check-in - Deriv Broker September 19, 2025 Newsletter
Here are today's directional views from the global research desks of Trading Central! These are starting points for your own research to identify opportunities that make sense for you.
As indicated in the previous EUR/USD analysis on 10/09/2025, a breach of the 1.17700 resistance level would improve the bullish outlook for the pair. Consequently, buyers successfully initiated an upward cycle, achieving a peak price of 1.19173.
In the current market conditions, the long-term outlook, such as on the monthly and weekly timeframes, continues to be interpreted as bullish. Should the price maintain its position above the 1.17800 support level, it holds the potential for further appreciation towards the 1.20000 resistance level.
On shorter timeframes, such as the daily and 4-hour charts, the price experienced a minor decline on the 17th. However, upon reaching the critical support zone of 1.17870-1.17800, further descent was halted, and a price floor was established.
Considering the prevailing long-term uptrend, if the aforementioned support band is held, the price has the potential for further ascent. Buyers will likely attempt to capture the 1.18700 resistance level, and in a more aggressive scenario, the 1.19100 level.
Conversely, the initial signal for a bearish scenario would materialize with a break below the key level of 1.17800. Given that the EUR/USD is generally in an overbought condition, this would be interpreted as a bearish signal, indicating the potential for a price depreciation.
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Here are today's directional views from the global research desks of Trading Central! These are starting points for your own research to identify opportunities that make sense for you.
EUR/USD Intraday: further advance.
Pivot:
1.1770
Our preference:
Long positions above 1.1770 with targets at 1.1820 & 1.1840 in extension.
Alternative scenario:
Below 1.1770 look for further downside with 1.1750 & 1.1730 as targets.
Comment:
The RSI is bullish and calls for further upside.
GBP/USD Intraday: The bias remains bullish.
Pivot:
1.3585
Our preference:
Long positions above 1.3585 with targets at 1.3645 & 1.3670 in extension.
Alternative scenario:
Below 1.3585 look for further downside with 1.3550 & 1.3530 as targets.
Comment:
The RSI is mixed to bullish.
USD/CHF Intraday: under pressure.
Pivot:
0.7935
Our preference:
Short positions below 0.7935 with targets at 0.7900 & 0.7880 in extension.
Alternative scenario:
Above 0.7935 look for further upside with 0.7955 & 0.7975 as targets.
Comment:
The immediate trend remains down, and the momentum is strong.