How to create a Deriv Brokerage Account: A Step-by-Step Guide

A Deriv account provides access to trading opportunities in a variety of financial markets. Traders must pay attention to documentation details during the Deriv sign up process to ensure smooth trading. The account creation steps require clear understanding, starting from the original registration through the verification stage.

This piece guides you through each step to set up your Deriv trading account. You'll learn everything in demo account creation, real account registration, identity verification, and account funding procedures. The quickest way to create your Deriv account comes with understanding the requirements for different account types and trading options.

1. Creating a Deriv Demo Account

A demo account helps you start your trading trip without any financial risk. Deriv provides demo accounts in all its trading platforms and gives you virtual funds to test different trading strategies.

Visit the Deriv website

You can start trading by heading to Deriv's homepage where you'll find the 'Open Demo Account' button. The platform lets you register with your email address or sign in with your Facebook, Google, or Apple ID accounts.

Enter your email and password

You need these details to complete your registration

1. A valid email address
2. Agreement to our terms and conditions
3. Your preferred way to register
4. A strong password
5. Your country of residence

Verify your email address

Deriv sends a verification link to your registered email address after you submit your original information. You need to click this link to activate your account and access the trading platform.

Explore the demo account features

After verification, traders get 10,000 USD in virtual funds to start practicing. The demo account comes with these detailed features:

• A risk-free environment to develop trading skills
• Trading platforms like Deriv Trader and MT5
• Virtual fund top-ups when balance gets low
• Trading practice with options, CFDs and other assets

The demo account lets traders learn and get familiar with platform tools in a practical setting. Traders can access different platforms through the Trader's Hub and explore trading instruments without any real capital risk.

2. Setting Up a Real Deriv Account

Traders can open a real Deriv trading account after they become comfortable with the demo environment. Setting up a live account requires a few essential steps that protect account security and maintain compliance standards.

Choose your registration method (Email, Facebook, Google, or Apple ID)

The Deriv platform lets you register using several authentication methods. You can sign up with your email address, Facebook account, Google account, or Apple ID. Each signup option needs specific login details and permissions before you can create your account.

Personal Information Required

The registration process requires traders to submit:

1. Full legal name
2. Date of birth
3. Phone number in international format
4. Current residential address
5. Valid identification document number

Your personal information must match the verification documents exactly. Any discrepancies in the details will delay your account approval.

Select account currency

Deriv provides a complete range of account currencies:

Currency Type	Options Available
Fiat Currency	USD, EUR, GBP, AUD
Cryptocurrency	Bitcoin, Ethereum

You can create multiple accounts with different currencies later. The platform lets you choose currencies that match your trading priorities.

Agree to terms and conditions

Traders must review and accept several key terms before completing their account creation:

• You must be 18 years or older
• You agree to receive platform updates and market news
• You understand our security and privacy policy
• You acknowledge our trading rules and pricing policies

Our platform strictly complies with regulatory requirements and maintains transparent communication about account terms. These agreements are the foundations of your relationship with Deriv, so you should review them carefully.

3. Verifying Your Deriv Account

Account verification is a vital security measure on Deriv. The platform enforces strict verification processes that align with anti-money laundering (AML) and Know Your Customer (KYC) regulations.

Log into your account

You'll need your registered email and password to access your Deriv account. Your account settings section has dedicated options that help you verify your identity and address.

Guide to account settings

The settings menu has two verification sections:

Proof of Identity (POI): To verify government-issued identification documents

Proof of Address (POA): To verify residence documents

Upload required documents

Traders need to submit these documents to verify their identity:

Document Type	Requirements
Government ID	Valid passport, driver's license, or national ID card
Proof of Address	Utility bill, bank statement, or official document issued within 6 months

What to expect during verification

Your account verification takes 1-3 business days. The platform will send you an email once the verification completes. Important Notice: Your account might have limited features during verification, which includes fund transfers and trading.

Your documents need to match the details you provided when you registered. The platform has strict rules about document validity. Your proof of address must be less than six months old for certain account types. Make sure you submit clear and up-to-date documents.

Join Deriv for free

4. Managing Deposits and Withdrawals

Success in trading on the Deriv platform depends on how well you manage your account funding and withdrawals. You need to understand payment options of all types and their limits to handle your funds well.

Minimum deposit and withdrawal amounts

The platform has specific transaction limits that vary by payment method:

• Minimum deposit: USD 5-10 (depends on payment method)
• Maximum daily withdrawal: USD 5,000 during weekdays
• Weekend withdrawal limit: USD 1,500 for each transaction

Non-authenticated accounts have a withdrawal limit of USD 10,000 until users complete full verification.

Available payment methods

Deriv provides a variety of payment options that help traders worldwide:        

Payment Category	Available Methods
Traditional	Debit/credit cards, bank transfers
Local	Payment agents, online banking
P2P	Deriv P2P, fiat onramp
Digital	E-wallets, cryptocurrency wallets

Steps to deposit funds

Here's everything in the deposit process:

1. Log into the Deriv account
2. Click on the Cashier option
3. Select preferred payment method
4. Enter deposit amount
5. Follow method-specific instructions

Important: Your payment methods must be registered under your name. The platform prohibits payments through friends or family members' accounts and this could lead to account suspension.

Process for withdrawing funds

Here's how you can withdraw funds from your Deriv account:

1. Access the Cashier section
2. Select withdrawal option
3. Request authentication email
4. Click verification link received via email
5. Enter withdrawal amount
6. Choose payment method
7. Confirm transaction details

Most withdrawals complete within 24 hours through internal processing. Your payment service provider might need extra time to process the transaction. The withdrawal methods become available after you make your first deposit using that specific payment option.

5. Connect Deriv account with Tradingview

1.  Go to Trader's Hub: Click ‘Get’ under the Deriv X section located at the bottom of Trader’s Hub.
2. Get a Deriv X account: Create a Deriv X account and password on Trader’s Hub.
3. Start trading: Access the TradingView chart on Deriv X under ‘My Trading Account’ tab.

6. Conclusion

A Deriv trading account setup needs attention to several significant steps that ensure secure and efficient trading operations. Traders can start with a demo account to practice without risk using virtual funds before they move to real-money trading. The account verification process uses proper documentation to create a secure trading environment. Traders worldwide benefit from multiple currency options and payment methods.

Deriv's resilient security measures and verification requirements protect traders and maintain regulatory compliance. The platform's complete account management system offers multiple account types, payment options, and simple deposit and withdrawal processes. New and experienced traders can focus on their strategies with confidence because of these security features and account functionality.

Join Deriv for free

References

[1] - https://www.tradeforexcrypto.com/2024/03/top-3-forex-brokers-with-best-forex.html

[2] - https://tradersunion.com/brokers/forex/view/deriv/deriv-registration/

[3] - https://medium.com/@Nsab22/how-to-create-a-deriv-account-beginners-guide-fa8e059f4d90

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