diff --git a/packages/tradershub/src/hooks/__tests__/useDisableFiatCurrencies.spec.ts b/packages/tradershub/src/hooks/__tests__/useDisableFiatCurrencies.spec.ts
new file mode 100644
index 000000000000..a92984267bc8
--- /dev/null
+++ b/packages/tradershub/src/hooks/__tests__/useDisableFiatCurrencies.spec.ts
@@ -0,0 +1,97 @@
+import { useAccountStatus, useActiveTradingAccount, useCFDAccountsList, useQuery } from '@deriv/api-v2';
+import { renderHook } from '@testing-library/react-hooks';
+import useCurrencies from '../useCurrencies';
+import useDisableFiatCurrencies from '../useDisableFiatCurrencies';
+
+jest.mock('@deriv/api-v2', () => ({
+    useAccountStatus: jest.fn(),
+    useActiveTradingAccount: jest.fn(),
+    useCFDAccountsList: jest.fn(),
+    useQuery: jest.fn(),
+    useCurrencies: jest.fn(),
+}));
+
+jest.mock('../useCurrencies', () => jest.fn());
+
+describe('useDisableFiatCurrencies', () => {
+    const mockData = {
+        activeDerivTradingAccount: { balance: 1000 },
+        accountStatus: { is_deposit_attempt: true },
+        cfdAccountsList: { dxtrade: [], mt5: [] },
+        currentAccountCurrencyConfig: { type: 'fiat' },
+        addedFiatCurrency: { id: 'USD', type: 'fiat', isAdded: true },
+        statements: { statement: { count: 3, transactions: [{}, {}, {}] } },
+    };
+
+    beforeEach(() => {
+        (useActiveTradingAccount as jest.Mock).mockReturnValue({ data: mockData.activeDerivTradingAccount });
+        (useAccountStatus as jest.Mock).mockReturnValue({ data: mockData.accountStatus, isSuccess: true });
+        (useCFDAccountsList as jest.Mock).mockReturnValue({ data: mockData.cfdAccountsList });
+        (useQuery as jest.Mock).mockReturnValue({ data: mockData.statements });
+        (useCurrencies as jest.Mock).mockReturnValue({
+            currentAccountCurrencyConfig: mockData.currentAccountCurrencyConfig,
+            addedFiatCurrency: mockData.addedFiatCurrency,
+        });
+    });
+
+    it('should disable fiat currencies based on account status and current account currency', () => {
+        const { result } = renderHook(() => useDisableFiatCurrencies());
+
+        expect(result.current).toBe(true);
+
+        (useCurrencies as jest.Mock).mockReturnValue({
+            currentAccountCurrencyConfig: { type: 'fiat' },
+            addedFiatCurrency: undefined,
+        });
+        const { result: resultWithBalance } = renderHook(() => useDisableFiatCurrencies());
+        expect(resultWithBalance.current).toBe(true);
+
+        (useCurrencies as jest.Mock).mockReturnValue({
+            currentAccountCurrencyConfig: { type: 'fiat' },
+            addedFiatCurrency: mockData.addedFiatCurrency,
+        });
+        const { result: resultDepositAttempt } = renderHook(() => useDisableFiatCurrencies());
+        expect(resultDepositAttempt.current).toBe(true);
+    });
+
+    it('should enable fiat currencies if the current account currency is not fiat', () => {
+        (useCurrencies as jest.Mock).mockReturnValue({
+            currentAccountCurrencyConfig: { type: 'crypto' },
+            addedFiatCurrency: undefined,
+        });
+        (useAccountStatus as jest.Mock).mockReturnValue({ data: { is_deposit_attempt: false }, isSuccess: true });
+        const { result } = renderHook(() => useDisableFiatCurrencies());
+        expect(result.current).toBe(false);
+    });
+
+    it('should disable fiat currencies if there is no balance and the deposit attempt', () => {
+        (useActiveTradingAccount as jest.Mock).mockReturnValue({ data: { balance: 0 } });
+        (useAccountStatus as jest.Mock).mockReturnValue({ data: { is_deposit_attempt: true }, isSuccess: true });
+        const { result } = renderHook(() => useDisableFiatCurrencies());
+        expect(result.current).toBe(true);
+    });
+
+    it('should disable fiat currencies if the current account currency is not fiat and the account is a deposit attempt but there are no MT5 accounts', () => {
+        (useAccountStatus as jest.Mock).mockReturnValue({ data: { is_deposit_attempt: true }, isSuccess: true });
+        (useCFDAccountsList as jest.Mock).mockReturnValue({ data: { dxtrade: [{}], mt5: undefined } });
+        const { result } = renderHook(() => useDisableFiatCurrencies());
+        expect(result.current).toBe(true);
+    });
+
+    it('should disable fiat currencies if the current account currency is not fiat and the account is a deposit attempt but there are no transactions', () => {
+        (useAccountStatus as jest.Mock).mockReturnValue({ data: { is_deposit_attempt: true }, isSuccess: true });
+        (useQuery as jest.Mock).mockReturnValue({ data: { statement: { count: 0, transactions: [] } } });
+        const { result } = renderHook(() => useDisableFiatCurrencies());
+        expect(result.current).toBe(true);
+    });
+
+    it('should enable fiat currencies if the current account currency is not fiat and the account is not a deposit attempt', () => {
+        (useCurrencies as jest.Mock).mockReturnValue({
+            currentAccountCurrencyConfig: { type: 'crypto' },
+            addedFiatCurrency: undefined,
+        });
+        (useAccountStatus as jest.Mock).mockReturnValue({ data: { is_deposit_attempt: false }, isSuccess: true });
+        const { result } = renderHook(() => useDisableFiatCurrencies());
+        expect(result.current).toBe(false);
+    });
+});