Deriv questionsUpdated 2 min readBy the FXNOD team
Can you use Deriv without depositing money?
Yes. Deriv says creating an account is free and that you need funds only when you are ready to trade for real. Every account has a demo mode loaded with virtual funds, where you can place trades, test bots and learn the platforms at no cost. Demo profits are not real and cannot be withdrawn.
What you can do with no deposit
- Open an account and explore every platform.
- Trade the demo account with virtual funds.
- Build and run a bot on the demo account.
- Use Deriv Academy's free courses, guides and ebooks.
- Connect the demo account to a third-party tool such as FXNOD and use it there.
What needs real money
- Any trade whose profit you can keep.
- Withdrawals. There is nothing to withdraw from a demo account.
Demo and real compared
| Demo account | Real account | |
|---|---|---|
| Money | Virtual funds | Your own deposit |
| Cost to use | Free | Free to open; trading risks your stake |
| Profits | Not real | Yours, and withdrawable |
| Good for | Learning and testing | Trading once you have tested |
Get real value from the demo
Treat the demo balance as the amount you would actually deposit. If you plan to fund an account with 50, stop the session when the demo has lost 50, however many thousands remain on screen. Use the stake you would really use. A demo traded with unrealistic size teaches habits that fail on the first real day.
Be careful with no-deposit offers
Offers of free trading money or a no-deposit bonus that reach you through social media or messaging apps are a common scam. Check any promotion on Deriv's own website, typed into the address bar yourself.
Questions people ask
- Is the Deriv demo account free?
- Yes. It uses virtual funds and costs nothing.
- Can I withdraw money from a Deriv demo account?
- No. Demo funds are virtual and have no cash value.
- Can I use FXNOD with only a demo account?
- Yes. Connect your Deriv login, select the demo account, and every manual trade and bot uses virtual funds.
Use your Deriv account from FXNOD
FXNOD is an independent terminal for your own Deriv account. You sign in on Deriv's page, your balance stays at Deriv, and you can trade by hand or run a bot. Start on the demo account.
Get started