What is a Virtual Account ?

1 min. readlast update: 11.29.2023

DESCRIPTION: An online trading demo account can help you work through the basics in a risk free environment. 

It allows you to familiarise yourself with different trading platforms and enables you to practise trading skills and strategies using virtual funds.

RESOLUTION STEPS: Prior to creating a real money account, we will first provide you with a demo (virtual) account as described as below:

  1. This virtual account will have $10,000 virtual money.
  2. We do this for you to get familiar with our platform and systems and to practice.
  3. If the account has less than $1,000 you will be able to top up to reach the $10,000 again.
  4. We offer demo/ virtual accounts on Deriv platform, MT5 and CTrader platform as well.
  5. You will have access to only 1 demo/ virtual account, which includes all our products.
  6. You will be able to notice your Demo / virtual account starting with the following letters:
  • Deriv account: VRTC
  • MT5 Platform: MTD
  • CTader: CTD

For further check refer to https://blog.deriv.com/posts/why-beginners-need-to-have-an-online-trading-demo-account/

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