Deriv Demo Account
In this article
In a world where earning money is the biggest issue, where the competition is at its peak, and every field is saturated, trading threatens the world’s population. This thought gave rise to the globally known trading services platform, named “Deriv Demo Account” The efforts of a financial mathematician and a young entrepreneur resulted in the formation of The Reagent Markets Group.
The journey of the most flexible and efficient trading platform started in 1999. The first office of this trading centre was opened in Malta in 2001. From 2001, Deric started making progress by leaps and bounds. The expansion of this business is remarkable. But we hadn’t stopped yet. DERIV has successfully proven itself by delivering market-leading products around the globe.
Opening a DERIV account
Opening a DERIV Account is as easy as opening a juice can. If you have an active E-mail address of your own, then you can register right away. It’s the fastest and easiest. If you have a binary account, then you can use its credentials to log in with DERIV.
After opening the website, you can click on signup, enter your E-mail address, set a password, and Hurray! Then, you are ready to go. However, sometimes the data you have entered might be prompted. In such a case, DERIV asks you for verification, for which you have to wait for three to four days for your account to be verified.
As stated earlier, DERIV offers you a demo account to get familiar with the website, your products, and the trading system. You can test your strategies by working on them by using a demo account that DERIV provides. In this way, you can enter the world of training as an experienced trader.
Requirements for opening an account
Although it is easier to open your trading account on the globally recognised trading center DERIV, DERIV has some rules and regulations that a trader must follow to keep its account open and active. The DERIV doesn’t let a new trader do transactions and deposit money on its own. DERIV has set a limit of 5 dollars which a new trader can deposit initially. Moreover, DERIV also deducts 25 dollars annually if it notices the inactivity of an account in 12 months. To avoid this deduction, keep your account active!
Trading platforms of DERIV
The detail of each training platform is given below:
DTrader has made trading very simple. It is a downloading free trading platform. It offers you 50+ tradable assets and growing. It also gives you a stake of a minimum of $0.35. DTrader is the fastest because it offers a flexible trade duration of 1 sec to 365 days. Its potential payout is greater than 200%.
DBot is a code-free trading website where you can trade your ideas without writing code. DBot consists of 50+ assets to unleash your bot and make trading easier for you. It also provides you with an opportunity of building a bot free of cost, which means that you don’t need a code for it.
DERIV MT5, also known as DMT5, provides you with quick demo account signup and multiple assets, including forex, stocks, stock indices, commodities, cryptocurrencies, and synthetic indices. Currently, there are 300K+ clients on DMT5. It offers trading 24/7. It provides you with 100+ tradable assets.
Other trading platforms
Details of some other trading platforms are given below:
Trading CFDs on various assets, which can be customised accordingly, is done on DERIV X. It is an easy-to-use trading platform. It allows you to make a maximum deposit of USD2,500, twelve times a day. You can easily create an account on DERIV X. Similarly, you can easily deposit and withdraw your money at any time.
SmartTrader is another Marketing platform to make trading easier. It allows you to do digital marketing. You can win the payout higher or lower than the entry spot according to your choice and investment. You can easily open your account on this digital platform to perform trading efficiently.
Markets to trade on DERIV
DERIV offers you a range of multiple trading options. DERIV has taken a revolutionary step by offering a wide range. The purpose of the availability of many such options is to make trading flexible for everyone. Following are the markets that you can trade with DERIV:
- Forex: The market for buying and selling of currencies.
- Commodities: Trading of raw products such as oil, gold, and metals.
- Synthetic Indices: Trading gadgets to stimulate the real-world financial markets.
- Stocks: Buying and selling of stocks by stock traders.
- Stock Indices: Section of stocks used by traders to compare returns.
- Cryptocurrencies: Buying and selling cryptocurrency online.
Not only this, DERIV offers three trading platforms with the collaboration of the Smart Trader system provided by Binary.com. Following is the list of trading platforms provided by DERIV, which will be discussed later in detail:
With the trading of such huge markets with huge trading platforms, DERIV has been working incredibly. The seed of this huge tree was sown in South Africa.
DERIV ensures security
DERIV is a responsible trading centre which makes it stand apart from the crowd. DERIV believes in earning the trust of its traders. For this reason, Deric ensures complete protection of its client’s investments. Deric has made proper strategies for making all the traders feel safe. DERIV doesn’t use the money you invest for its development, profit, and personal interests. In short, It doesn’t get merged with DERIV’s money. Because of this segregation, DERIV allows traders to withdraw their money at any time they want. Great! Isn’t it?
DERIV doesn’t let the privacy of its customers gets ruined. DERIV looks out for its customers by encouraging them to practice secure and responsible trading. In Europe, DERIV is supervised by FSA (Financial Services Authority) by Malta. DERIV understands the risk of virtual funds. That’s why DERIV has introduced risk awareness strategies. For example, DERIV implies SSL encryption to secure the account and personal data of its traders.
DERIV has been serving worldwide for 21 years. This makes it more reliable and flexible. DERIV understands the responsibility of being a reliable broker in the market. DERIV professionally fulfills all of its customers’ needs and wins their trust by readily providing solutions to their problems. DERIV always remains ready to accept criticism and make changes to grow better and wealthier. DERIV is being established to stay a reliable broker up to the coming centuries.
Points to remember before trading
It is very important to educate yourself about trading before investing in a particular domain. In this way, you will be able to make more realistic and authentic decisions.
Following are some points which you should consider before trading:
- Trading with borrowed money can put you at risk. So, don’t trade with the money which you can’t afford to lose.
- Emotions can make a king lose his kingdom. So, avoid trading when you are prone to bad judgment.
- Learning about your products before trading them must be an essential step for taking the first step in trading. For this purpose, you can use a free demo account to trade with unlimited virtual funds on DERIV.
- Winning gives you the potential to invest more. But don’t keep on losing all your money for the sake of winning. Set your limit of losing to secure the money that you have won.
Deriv demo account features
Deriv demo account is a practice ground for those who are not well aware of trading. Traders are free to use all the features of Deriv on its demo account. It helps them to know about their interest more and practice their strategies.
Deriv’s fee structure
The opening rates of DERIV accounts vary from the type of accounts and trading you are interested in. DERIV promises the cheapest trading options with the best result. It means that you can earn a higher level by paying half the fees.
You cannot design a pamphlet of DERIV’s fee anywhere. This is because the Fees and Spreads of DERIV are based on your investments and interests. However, if you know about the fees, you can create a demo account on DERIV. In this way, you will have a complete idea of how investments and profit on DERIV are being made.
- Devir offers multiple assets.
- Devir lets you be your boss.
- With the correct strategy< you can earn a decent amount from DERIV.
- DERIV treats all of its clients in the same way and doesn’t let the newbies feel alone.
- The DERIV doesn’t charge you additionally.
- DERIV provides you with 24/7 customer service.
- Traders on DERIV are allowed to choose their marketing platform according to their choice.
- DERIV ensures the security of the client’s data.
- The services of DERIV are not provided in some countries.
- DERIV charges fees of account’s inactivity.
- The DERIV doesn’t offer MT4.
- The Clients of DERIV can’t operate online.
- Copy trading isn’t available on DERIV.
- The bonuses on DERIV are limited.
- Some of the leading products are not available on DERIV.
The best part of trading on DERIV is that it provides you with customer service 24/7. If you have any queries, you can contact them anytime by visiting the help centre or through E-mail. The DERIV also lets you live to chat with DERIV bots which are available anytime to solve your queries and clear your confusion.
1. How can you close your Deriv account?
Before closing the Deriv account, close all your open positions and withdraw your funds in the trading accounts, including DmT5.
To close your account, Go to deactivate an account.
2. Can I change my currency on the Deriv account?
Yes, you can change your currency anytime. But you can’t do this yourself. Instead, you have to contact customer care support for this purpose. The customer care team of Diver will always be available to resolve your issue.
3. How do you trade on DERIV?
In three simple steps, you may begin trading forex on DERIV.
- Create a free demo account and practice with an infinite amount of virtual money.
- Open a genuine account, deposit funds, and begin trading forex and other markets.
- Withdraw your cash quickly and easily using any of our approved withdrawal methods.
4. What is a DERIV account?
Traders can establish a Demo Account with DERIV, which can be used for a variety of purposes, including but not limited to:
Beginner traders can use this account to practice their trading abilities and get expertise in a risk-free environment using virtual funds.
5. Is DERIV allowed in the USA?
DERIV (SVG) LLC accepts clients worldwide (save for banned nations, including the United States, Canada, and Hong Kong).
If you are a new trader and want to adopt trading as a career, the best place for you is DERIV. Register on the demo account of DERIV without wasting time because you won’t be allowed anywhere to practice strategies. Such flexible, reliable, and profit-yielding trading with the most leading product of the market is just done on DERIV.
No trading centre ensures the protection of your account and data in such a way that DERIV does. The DERIV also keeps track of your progress and guides you to save you from making maximum losses. DERIV treats you as a friend by giving you bonuses for your encouragement.
Jason Morgan is an experienced forex analyst and writer with a deep understanding of the financial markets. With over 13+ years of industry experience, he has honed his skills in analyzing and forecasting currency movements, providing valuable insights to traders and investors.
Forex Content Writer | Market Analyst