Activating your Wallet is the first step to trading with real funds on Deriv. You'll go through a few short steps to provide your personal details, confirm your financial profile, and complete a trading suitability check. It only takes a few minutes to get set up and ready to make your first deposit.

‍

1. Choose your Wallet currency

You’ll begin by selecting your preferred currency. Choose the currency you’d like to activate for your Wallet — AED or USD. 

‍

‍‍

2. Complete your personal and address details

To set up your profile, you’ll need to provide:

• Your full name
• Your date of birth
• Your place of birth

Next, enter your residential address, including street, city, state or province, and P.O. Box (if applicable). Double-check to ensure everything is accurate before proceeding.

‍

‍‍

3. Provide your employment and tax information

Select your employment status:

• Employed
• Self-employed
• Unemployed
• Pensioner

If you’re employed, self-employed, or a pensioner, you’ll be asked if you're a tax resident outside the UAE:

• If yes, select your tax residence country and enter your TIN.
• If no, you can continue without providing tax details.

You’ll also be asked to provide your latest job title and employer name (if relevant).

‍

‍‍

4. Complete the financial assessment

You’ll need to share a few financial details to continue:

• Industry of employment – Choose the industry that best reflects your experience.
• Source of wealth – Select how your wealth has been accumulated (e.g., income/savings, business, inheritance).
• Financial standing – Indicate your:
  
  • Net annual income
  • Estimated net worth
  • Monthly essential expenditure
• Education level – Select the highest qualification you’ve completed.

‍‍

‍

5. Complete the trading suitability assessment

You’ll also go through a trading suitability assessment to determine whether or not trading is suitable for you, depending on your current financial situation or experience level.

‍

‍

6. Assess your trading knowledge and experience

Answer a few questions to assess whether leveraged trading is suitable for you:

• Your experience and knowledge of CFD trading
• Number of CFD trades in the past 12 months
• Understanding of trading risk (i.e., that you could lose 100% of funds used)
• Your risk tolerance, ranging from conservative to high risk

‍

‍

7. Share your main goal of opening an account

Indicate what you plan to use the account for — whether it’s savings or additional revenue, select the option that best matches your intention.

‍

‍

8. Review and accept the terms

Review the terms of use carefully, including important details about account regulations, risk warnings, and tax declarations. To proceed, you’ll need to agree to:

• Risk warning.
• FATCA declaration.
• Confirmation of whether you are a politically exposed person (PEP)

If you accept the terms and confirm your agreements, click Accept to proceed.

‍

‍

9. Review the trading suitability assessment report

After completing the assessment, you’ll see a screen with a decision based on your answers.

• If trading is considered suitable, you’ll see a message confirming that you can proceed.
• If trading is considered unsuitable, you’ll see a risk warning explaining that CFD trading may not be appropriate for your current knowledge, risk tolerance, or financial situation.

You’ll then need to make a decision:

• Accept the outcome to continue.
• Reject the risk warning if you're not ready to proceed.

If you reject the warning, deposits and real-fund trading will be paused. You can regain access at any time by either retaking the assessment or accepting the risk warning. In the meantime, you’ll still be able to explore and use demo trading.

‍

‍

Wallet activated

Congratulations! Your Wallet is successfully activated. Select Deposit to add funds right away (you’ll need to verify your identity first), or choose Maybe later if you prefer to make a deposit at another time.

If you click Maybe later, you’ll be taken back to the Home screen. 

‍