Want to practice on Deriv without risk? This guide shows how to open a free demo account, verify your email, and access your demo wallet with virtual funds.
What you’ll learn
- How to create a Deriv demo account from signup to dashboard
- How email verification works
- How to access the demo wallet and reset virtual funds
- When to switch from demo to a real account
1️⃣ Before You Start (Requirements)
✅ What you need ready
- A valid email address (you will verify it)
- Your country of residence
- A strong password
- 2–3 minutes to complete the signup
Good news: Demo accounts are free and use virtual funds. No KYC is required for demo access.
Good news: Demo accounts are free and use virtual funds. No KYC is required for demo access.
2️⃣ Step-by-Step: Open a Deriv Demo Account
Create your Deriv demo account
Register once, then switch to your Demo wallet.
Step 1: Create your Deriv account
Go to the Deriv signup page and enter your email to create an account.
Step 2: Verify your email
Open your inbox and click the verification link.
Step 3: Choose your country of residence
Select your country carefully. This determines available services.
Step 4: Confirm your citizenship
Choose your citizenship exactly as shown on your ID.
Step 5: Create a secure password
Set a strong password that meets Deriv security rules.
Step 6: Complete your profile
After email verification, click Complete my profile to finish the initial setup.
Step 7: Open the Deriv dashboard
After verification, you’ll land on the Deriv dashboard.
Step 8: Switch to Demo and add virtual funds
Open the Demo tab and top up virtual funds to start practicing.
Pro Tip
Pro tip: Reset your demo balance anytime to practice different strategies without risk.
Pro Tip
Pro tip: Reset your demo balance anytime to practice different strategies without risk.
3️⃣ Demo vs Real: Quick Comparison
| Feature | Demo Account | Real Account |
|---|---|---|
| Funds | Virtual | Real money |
| Risk | No real risk | Real risk |
| Verification | Email only | Full profile + compliance |
| Best for | Practice | Live trading |
Reminder: Demo results do not guarantee real performance. Always apply proper risk management.
Reminder: Demo results do not guarantee real performance. Always apply proper risk management.
4️⃣ Common Issues and Fixes
✅ Top quick fixes
- No email? Check spam or resend the verification link.
- Country not listed? Use a different browser or contact support.
- Password rejected? Use 8–25 characters with upper, lower, and number.
Need Help Opening Your Account?
If you want guided support, our team can help you open your Deriv demo account quickly.
Get Free Account Opening Support
Submit a request and we’ll guide you through the demo setup step-by-step.
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Summary
Key Principles (0/3)
Quiz
Quiz
Why is a demo account useful for beginners?
Answer:
It lets you practice trading with virtual funds and learn the platform without risking real money.
What is required to access a demo account?
Answer:
Only email verification is required to access a demo account.
When should you switch to a real account?
Answer:
After you are consistently disciplined on demo and understand basic risk management.
🚀 LeTechs Insight
Use demo trading like a flight simulator. Master the controls first, then go live with confidence and a risk plan.
Start Your Deriv Demo Account
Practice with virtual funds first, then switch to live when you're ready.
Deriv
- Zero-spread accounts for tighter entries
- Swap-free (Islamic) available
XM
- Consistently low spreads on majors
- Micro accounts — start with a smaller risk
- Swap-free (Islamic) available
- No trading commission
Next Lesson: How to Open a Deriv Real Account
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