Why Deriv is the Right Partner for Financial Affiliate Networks in Africa
The African financial markets have in recent years come more into their own. Forex trading saw massive growth from US$14 billion in 2013 to US$21 billion in 2016. That’s in South Africa alone. In 2020, the market witnessed a whopping 477% rise in forex trading across the continent in just four months leading up to June 2020. Nigeria and South Africa remain the two largest markets in Africa, although Rwanda, Tanzania, Kenya, Namibia, Botswana and Angola are all seeing a remarkable surge in interest among retail traders.
Deriv entered Africa in 2020, opening its first office on the continent in Kigali, Rwanda. The company offers an entire range of trading services in Africa, including trading in forex, commodities, stock indices, and synthetic indices. Traders can also choose to trade CFDs with Deriv. To make its cutting-edge services and trading platforms easily accessible across the continent, the company has expanded and improved its partner programme to suit affiliates and IBs in Africa.
With its customer-centric approach and the latest technology solutions, Deriv has garnered over 1.2 million trading accounts and more than US$7 billion in total trade turnover. Deriv is among the most reliable and effective partner programme holders in Africa. Here’s why.
The rise of cheap internet and wide accessibility of mobile is seeing an increasing rise in Forex and CFD trading in Africa. Low barriers of entry compared to local stock exchanges and access to global markets is leading to double-digit growth over the last 2-3 years in South Africa, Kenya, and Nigeria. As Gaurav Gulati, Head of Affiliates Team, Deriv said“With a reported 1.3 million traders in the African region, there are even more opportunities now for affiliates and IBs. We look to create meaningful relationships with our clients and our partners on the ground are essential to helping us achieve our goals.”
Deriv’s partner programme is suitable for affiliates and introducing brokers (IBs), as well as payment agents who facilitate client account funding via local bank wire transfers or e-payment methods.
Deriv’s affiliate programme already has more than 47,000 members across 150 countries, serving over 1 million clients. Deriv has paid out in excess of $14 million to its partners so far.
*This information and content is intended to the general public and affiliates residing in Africa.
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Deriv.com is an online trading service provider offering a comprehensive suite of products with flexible pricing, where its customers can trade currencies, indices, commodities, and volatility indices 24/7. Committed to customer satisfaction and high ethical standards, the company delivers quality products and services with integrity.
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