Deriv is a well-established online trading platform that offers a wide range of financial instruments, including forex, commodities, indices, and synthetic assets. With its user-friendly interface and advanced features, Deriv has become a popular choice among traders of all levels. In this article, we will guide you through the process of getting familiar with Deriv’s trading platform by opening a free demo account.
What is a Demo Account?
A demo account is a simulated trading environment that allows you to practice trading with virtual funds. It is an excellent way to get familiar with a trading platform, test your trading strategies, and build your confidence without risking any real money. Deriv’s demo account is a perfect opportunity to explore the platform’s features and functionality without any financial commitment.
Benefits of Opening a Demo Account with Deriv
There are several benefits of opening a demo account with Deriv, including:
- Risk-free trading: Trade with virtual funds and avoid any financial risk.
- Practice and improve: Develop your trading skills and test your strategies in a simulated environment.
- Familiarize yourself with the platform: Get to know Deriv’s trading platform, its features, and its tools.
- No time limit: Use the demo account for as long as you want, with no expiration date.
- Access to all assets: Trade with all available assets, including forex, commodities, indices, and synthetic assets.
How to Open a Demo Account with Deriv
Opening a demo account with Deriv is a straightforward process that can be completed in a few minutes. Here’s a step-by-step guide:
- Go to Deriv’s website and click on the “Create account” button.
- Fill in the registration form with your email address, password, and other required information.
- Verify your email address by clicking on the confirmation link sent by Deriv.
- Log in to your account and click on the “Demo account” button.
- Fund your demo account with virtual funds and start trading.
Getting Started with Deriv’s Trading Platform
Once you have opened your demo account, you can start exploring Deriv’s trading platform. Here are a few things to get you started:
Navigation: The platform is divided into several sections, including the trading area, account overview, and market analysis. Use the menu to navigate between these sections.
Trading area: This is where you can open and close trades, set stop-loss and take-profit levels, and monitor your positions.
Market analysis: Use the charts and technical indicators to analyze the markets and make informed trading decisions.
Conclusion
Deriv’s trading platform is a powerful tool for traders of all levels. By opening a free demo account, you can get familiar with the platform, practice your trading skills, and build your confidence without risking any real money. Follow the steps outlined in this article to open your demo account and start trading with Deriv today.
