Trade On MT5 With Features Such As STP Trading & 24/7 Trading
|
|
Deriv MT5 Review
Deriv MT5 (shortened to DMT5) began as the MetaTrader 5 (MT5) online trading platform offered by Binary.com on its Deriv platform. Binary.com has rebranded and moved to Deriv.com. Deriv is a suite of web traders arranged in an intuitive configuration. Thus MT5 is offered as a web trader, but it is also available as a desktop download and for mobile at Deriv.
There are three MT5 accounts, MT5 Financial, MT5 Financial STP and MT5 Derived. MT5 Financial and MT5 Financial STP offer trading in CFDs based on real markets, while MT5 Derived provides trading in CFDs on simulated markets called Synthetic Indices, as well as Forex and Metals Basket Indices. The Synthetic Indices are open for trading 24/7. On MT5, Deriv offers trading on margin (i.e. with leverage).
What is the difference between MT5 Financial and MT5 Financial STP ?
MT5 Financial provides higher leverage up to 1000:1, depending on the trader's country (increasing leverage increases risk). MT5 Financial STP provides STP (Straight Through Processing) trading, connecting traders with liquidity providers and has leverage up to 100:1, depending on the trader's country. The MT5 Financial account provides Forex, Indices, Commodities, Cryptocurrency, ETFs and Stocks CFDs. The MT5 Financial STP account offers Forex Pairs and Cryptocurrencies. There are no commissions charged, except for Cryptos.
Demo vs Real
The trader can open both demo and real accounts. The minimum deposit for a real account on Deriv is $5, but can be higher for some payment methods. The demo account offers virtual funds which are not real money. The trader may practice trading on the demo account and test out trading ideas and tools such as technical indicators.
| Account Type | What's It For | Description |
|---|---|---|
| Financial Account Type | CFD trading for traders from beginner to advanced What's It For | This account supports trading in Forex, Indices, Commodities, Stocks, ETFs and Crypto CFDs Description |
| Financial STP Account Type | This account is for traders who want to trade Forex pairs where trades are passed directly to the market (termed 'A Book') and Crypto CFDs What's It For | Traders can trade Forex pairs with Straight Through Processing (STP), with tight spreads and supporting higher volume trading as well as Crypto CFDs Description |
| Derived Account Type | CFD trading with simulated markets as well as Basket Indices What's It For | Traders can trade Synthetic Indices, which simulate different types of markets conditions and can trade them 24/7 on MT5, as well as trade Basket Indices Description |
What is the MT5 Derived account ?
The MT5 Derived account offers simulated markets called Synthetic Indices, as well as Forex and Metals Basket Indices. As these markets are not real, they may be traded 24/7. The most simulated markets Deriv provides are on the MT5 Derived account available from DMT5 on Deriv. Both Synthetic Indices and Financial CFDs can also be traded on Deriv X, a user friendly platform for margin CFD trading.
The capacity to trade simulated markets is a distinctive feature of Binary.com and Deriv. Simulated markets use an algorithm to generate charting data. They can be traded and analysed, however they are not real markets. As they are not based on real markets, simulated markets are open 24/7, which is why they can be traded 24/7.
Like CFDs based on real markets CFDs based on simulated markets can be traded on margin and leverage up to 1000:1 is available for Synthetic Indices (increasing leverage increases risk). The trader may choose the level of volatility or types of markets, as well as the speed at which markets update.
The Synthetic Indices available on the DMT5 Derived account are Volatility Indices (which let the trader set volatility levels), Crash and Boom Indices (which simulate falling or rising markets), Range Break Indices which alter the range the market is moving in, Jump Indices (these are volatility indices which jump 3 times an hour) and a Step Index. The Step Index has an equal probability of going up or down at each step. Deriv DMT5.
What is the STP account ?
The DMT5 Financial STP account is an account for traders who want to trade more directly into the market. Deriv says it is 100% A Book, which is the order book of liquidity providers. Traders who trade more advanced strategies, for example news trading may wish to consider this account.
Crypto CFD trading
The DMT5 Financial accounts offers Cryptocurrency CFD trading. When trading a CFD, the trader does not own any cryptocurrency and thus does not need a wallet. Crypto CFDs are available for trading 24/7.
Why trade on MT5 ?
MT5 is an advanced platform particularly optimised for STP trading. MT5 is the successor platform to MetaTrader 4 (MT4). MT5 has extra features including more technical indicators and graphical objects and time frames. If the traders wants to trade on the desktop download, then they can do this via Deriv and access the full features of MT5, including an Economic Calendar.
Why trade on DMT5 ?
DMT5 has the potential advantage of being part of the Deriv suite. This aims to provide an intuitive user experience across a suite of platforms, unusually grouping a user friendly platform (DTrader) and a drag and drop robot building platform (DBot) for options, the DMT5 web trader with its 24/7 trading capacity via Synthetic Indices and Crypto CFDs, MT5 STP trading, user friendly Deriv X also for trading CFDs and Binary.com's flagship options platform SmartTrader. The trader can switch between platforms and try a range of tools to apply to the markets offered. Additionally the trader may download MT5 from Deriv and trade on the three account types available, Financial, Financial STP and Synthetic with the advanced features of MT5 desktop.
