Deriv Demo Account is offered for beginner traders to trade in a risk-free environment. Demo accounts mimic live trading accounts and offer many features for traders. Traders have access to the same functions, features, and options that they normally would on a live trading account. 
Deriv Demo Account Types Revealed – Quick Overview
- ☑️Deriv At a Glance
- ☑️Overview
- ☑️How to set up a Deriv Demo Account – Step by Step
- ☑️Deriv Demo Account Features
- ☑️Customer Reviews
- ☑️Pros and Cons
- ☑️Conclusion
- ☑️Frequently Asked Questions
Deriv At a Glance
Overview
Deriv was originally founded in 1999 as Binary.com by the Binary Group and is a valued name in the binary options trading business. Its headquarters is in Birkirkara, Malta, and has various other offices outside of the EU. In 2013 Binary.com rebranded to Deriv. This rebranding came with enhanced features, a new range of trade types, a variety of charting applications, and more developed and advanced trading platforms.
The founding company of Deriv is Regent Markets Group, whose primary mission was to make online trading more accessible to the masses. The Group has evolved and rebranded and offers binary options and it was first purchased in 2000 when Regent Markets had opened its first office in Malta.
Deriv offers trading in forex, commodities, stocks, and synthetic indices through a choice of three trading platforms, namely DTrader, DBot, and DMT5. Leverage can go as high as 1: 1000. Customers from the United States, Canada, Hong Kong, Israel, France, Jersey, Malaysia, Malta, Paraguay, United Arab Emirates are not accepted as clients at Deriv.
How to set up a Deriv Demo Account – Step by Step
To register for and set up a demo account with Deriv, traders can follow these steps:
Step 1: Navigate to the Deriv website
Navigate to the Derive website and select the link ‘Try free demo’.
Step 2: Register your email address
Traders will be redirected to a page where they will be asked to provide an email address to open a demo account. Next, they must agree to the terms and conditions of Deriv.
Step 3: Start trading
Clicking on ‘Create a demo account’ immediately completes the process, and traders can start to trade. Traders also have the option to use the demo account on your Binary.com account if the trader is registered on one.
Beginner traders can use demo accounts to familiarize themselves with a live trading environment, where they can build up their trading skills by actively participating in trades and developing their own trading strategies. These accounts are also not merely intended only for beginners, but they provide more advanced traders the opportunity to explore what Deriv has to offer.
Deriv Demo Account Features
A Deriv demo account mimics a live trading account. Traders have access to the same functions, features, and options that they normally would on a live trading account. The only exception is that this account is risk-free as traders make use of virtual funds to conduct their trading. Due to this, traders cannot withdraw any profits which are made on this account.
An advantage of opening a demo account with Deriv is that there is no limit on the virtual funds available and traders can utilize as many virtual funds as needed. Unfortunately, the broker does not specify for how long this account is valid.
When making use of any of the three platforms, DTrader, DBot, or DMT5, traders will have access to the various functions, tools, features, and more, which is offered by these trading platforms.
Customer Reviews
🥇Excellent
“As a seasoned trader, the Deriv Zero Spread account has been a game-changer. The higher leverage and lower spreads allow me to maximize my profits. The exclusive trading tools and personalized support are invaluable.” Reviewed: Peter
🥈Good
“The Standard account is a great starting point for new traders. The low minimum deposit makes it accessible, and the platform is user-friendly. While I’ve since upgraded to the Premium account, the Standard account served me well.” Reviewed: Samantha
🥉Service
“I recently had a great experience with Deriv’s customer support. I had a question about their trading platform and reached out to their live chat. The agent I spoke to was incredibly helpful and knowledgeable. They patiently explained the feature I was inquiring about and even provided me with some additional resources to learn more. I was impressed by their professionalism and efficiency. Highly recommended!” Reviewed: Hennie
Pros and Cons
| ✅ PROS | ❌ CONS |
| Demo account sign-up fully digital | The demo account usually expires after 30-days |
| No limit on virtual funds available | No MetaTrader 4 |
| Sign-up completed in minutes | |
Conclusion
Deriv is a legit forex trading company and a fully regulated and transparent broker with high operational standards, low trading fees, superior service delivery, and the ability to help investors reach their objectives. It caters for all types of traders with different levels of experience. Traders can choose between several platforms to suit individual trading styles and objectives.
The added advantage is this is a reputable company that is strictly regulated within many jurisdictions. Deriv’s demo account is unlimited; that means the trader gets as much virtual cash as they want to practice with multiple accounts such as DTrader and MT5. As it mimics actual market circumstances, the MT4 platform is perfect for learners attempting to gain experience in trading.
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Frequently Asked Questions
Is the Deriv demo the same as a real trading account?
Deriv’s demo account is designed to simulate the real trading environment close.
Does Deriv offer a demo account?
Yes, Deriv offers a demo account to traders who wish to practice their trades.
For how long is the Deriv demo account valid?
This is not indicated on the website, but demo accounts are usually valid for 30 days.
Can you withdraw money from a Deriv demo account?
No, the Deriv demo account virtual funds are not open for withdrawals.
Is the Deriv demo account rigged?
No, the Deriv demo account is not rigged.
