What are multipliers?

28/09/202028/09/2020 Trader Multipliers, multipliers contract

Multipliers allow you to profit from correctly predicting whether the market will go up or down. You select either ‘Up’ or ‘Down’ to open a position and win by closing the trade when the market price is higher or lower than your entry spot.

This unique product combines the features of digital options and CFD margin trading. When trading multipliers, your risk is limited to your stake amount, but your profit increases as long as the market continues to move in the direction that you have predicted.

You can trade the following multiplier products on Deriv:

Up multiplier allows you to earn a profit by closing your position when the market price is higher than the entry spot.
Down multiplier allows you to earn a profit by closing your position when the market price is lower than the entry spot.

In both scenarios, your profit is calculated as the percentage change in market price times stake amount and your multiplier value.

1. Market

Choose an asset from the list of markets offered on Deriv.

2. Trade type

Choose ‘Multiplier’ from the list of trade types.

3. Stake

Enter the amount you wish to trade with.

4. Multiplier value

Enter the multiplier value of your choice. Your profit or loss will be multiplied by this amount.

5. Take profit

This feature allows you to set the level of profit that you are comfortable with when the market moves in your favour. Once the amount is reached, your position will be closed automatically and your earnings will be deposited into your Deriv account.

6. Stop loss

This feature allows you to set the amount of loss you are willing to take in case the market moves against your position. Once the amount is reached, your contract will be closed automatically.

7. Deal cancellation

This feature allows you to cancel your contract within one hour of buying it, without losing your stake amount. We charge a small non-refundable fee for this service.

8. Purchase your contract

Once you are satisfied with the parameters that you have set, select either ‘Up’ or ‘Down’ to purchase your contract. Otherwise, continue to customise the parameters and place your order when you are satisfied with the conditions.

With or without a stop loss in place, we will close your position if the market moves against your prediction and your loss reaches the stop-out price. The stop-out price is the price at which your net loss is equal to your stake.

This is to protect you from losing your money when using deal cancellation. With deal cancellation, you are allowed to reclaim your full stake amount if you cancel your contract within an hour of opening the position. Stop loss, on the other hand, will close your contract at a loss if the market moves against your position. However, once the deal cancellation expires, you can set a stop loss level on the open contract.

You can’t set a take-profit level when you purchase a multipliers contract with deal cancellation. However, once the deal cancellation expires, you can set a take profit level on the open contract.

If you purchase a contract with deal cancellation, the ‘Cancel’ button allows you to terminate your contract and get back your full stake. On the other hand, using the ‘Close’ button lets you terminate your position at the current price, which can lead to a loss if you close a losing trade.

Open a demo account on Deriv and practise with an unlimited amount of virtual funds on our award-winning platforms.

Open a real account, make a deposit, and start trading multipliers for real.

Conveniently withdraw your funds through any of our supported withdrawal methods.