diff --git a/packages/hooks/src/useTotalAccountBalance.ts b/packages/hooks/src/useTotalAccountBalance.ts
index b791b926f5ce..0fad88acc054 100644
--- a/packages/hooks/src/useTotalAccountBalance.ts
+++ b/packages/hooks/src/useTotalAccountBalance.ts
@@ -1,6 +1,7 @@
 import useRealTotalAssetCurrency from './useTotalAssetCurrency';
 import useExchangeRate from './useExchangeRate';
-import { useEffect, useState } from 'react';
+import { useStore } from '@deriv/stores';
+import { CFD_PLATFORMS } from '../../shared/src/utils/platform';
 /**
  * we can use this hook to get the total balance of the given accounts list.
  * it loops through the accounts list and adds the balance of each account
@@ -8,26 +9,20 @@ import { useEffect, useState } from 'react';
  * first account in the list
  */
 const useTotalAccountBalance = (accounts: { balance?: number; currency?: string }[]) => {
+    const { traders_hub } = useStore();
+    const { is_demo } = traders_hub;
     const total_assets_real_currency = useRealTotalAssetCurrency();
     const { getRate } = useExchangeRate();
 
-    const [balance, setBalance] = useState(0);
+    if (!accounts.length) return { balance: 0, currency: total_assets_real_currency };
 
-    useEffect(() => {
-        if (!accounts.length) {
-            setBalance(0);
-            return;
-        }
+    const balance = accounts.reduce((total, account) => {
+        const base_rate = getRate(total_assets_real_currency || '');
+        const rate = is_demo && CFD_PLATFORMS.MT5 ? getRate('USD') : getRate(total_assets_real_currency || '');
+        const exchange_rate = base_rate / rate;
 
-        const updatedBalance = accounts.reduce((total, account) => {
-            const base_rate = getRate(total_assets_real_currency || '');
-            const rate = getRate(account.currency || total_assets_real_currency || '');
-            const exchange_rate = base_rate / rate;
-            return total + (account.balance || 0) * exchange_rate;
-        }, 0);
-
-        setBalance(updatedBalance);
-    }, [accounts, getRate, total_assets_real_currency]);
+        return total + (account.balance || 0) * exchange_rate;
+    }, 0);
 
     return {
         balance,
diff --git a/packages/stores/src/providers/ExchangeRatesProvider.tsx b/packages/stores/src/providers/ExchangeRatesProvider.tsx
index e41f0d5fd727..bc8f04a35173 100644
--- a/packages/stores/src/providers/ExchangeRatesProvider.tsx
+++ b/packages/stores/src/providers/ExchangeRatesProvider.tsx
@@ -4,24 +4,22 @@ import merge from 'lodash.merge';
 import useStore from '../useStore';
 
 const ExchangeRatesProvider = ({ children }: React.PropsWithChildren<unknown>) => {
-    const { is_loading, data, subscribe } = useSubscription('exchange_rates');
+    const { data, subscribe } = useSubscription('exchange_rates');
     const {
         exchange_rates: { update },
     } = useStore();
-
     useEffect(() => {
         subscribe({ payload: { base_currency: 'USD' } });
     }, [subscribe]);
 
     useEffect(() => {
-        if (!is_loading && data) {
+        if (data) {
             const { exchange_rates } = data;
 
             if (exchange_rates) update(prev => merge(prev, exchange_rates));
         }
-    }, [is_loading, update, data]);
+    }, [update, data]);
 
     return <>{children}</>;
 };
-
 export default ExchangeRatesProvider;