MT5 Synthetic Indices Review MT5 Synthetic Indices Review | Guide For Traders

Trade the full range of simulated markets offered by on MT5

  • Volatility Indices
  • Crash Boom Indices
  • Step Indices
  • Minimum Deposit: None
  • Maximum Leverage: 1000:1
  • Minimum Volume: 0.01
Trade on Simulated Markets 24/7 • Synthetic Indices on MT5 Review

On its SmartTrader web trader, offers a range of markets including simulated markets called Volatility Indices. If the trader wishes to trade more markets like these, then they may open an MT5 Synthetic Indices account, which can be created from the MetaTrader tab, found on the top right of the SmartTrader web trader platform and trade Synthetic Indices as CFDs. As well as being the main platform, SmartTrader acts as a kind of home page, where the trader can access the range of other platform as well as create accounts. Volatility Indices are available on all MT5 accounts, however the full range of Synthetic Indices are offered on the Synthetic Indices account which can be created from the MetaTrader page. Thus the reason the Synthetic Indices account is called this, is because it offers more simulated market types than those based on volatility.

What is the difference between Synthetic and Volatility Indices ?

Synthetic Indices are a broader class of simulated markets and contain Volatility Indices. There are three types of Synthetic Indices available on MT5, Volatility Indices, Crash Boom Indices and Step Indices. There are also more types of Volatility Indices on MT5. As well as Volatility 10, 25, 50, 75 and 100 Indices, offers the HF Volatility Indices. HF stands for High-Frequency and as the name suggest these move faster. Volatility Indices have a pace of one tick every two seconds (ticks are each minimum move of the Index). HF Volatility Indices have a pace of two ticks per second (which is to say four times the frequency). These are offered as HF Volatility 10, 50 and 100 Indices. The increase in number in the Volatility Indices refers to an increase in volatility of the Index. To access these and all markets available from an MT5 account, the trader clicks on the Symbol tab, which brings up all markets on the platform.

What platforms are available to trade Synthetic Indices ?

Synthetic Indices are offered on MetaTrader 5 as both the downloaded platform (which is downloaded from and as a web trader. Both of these platforms are available from the MetaTrader tab, one box for the MT5 download page and another to access the web trader. Once the trader has downloaded the platform, they simply bring it up from their PC and log in using their account ID and password (and can still use the web trader as well if they wish). Some countries may have restrictions on trading Synthetic Indices on MT5, however Volatility Indices may still be traded on SmartTrader. Synthetic Indices are offered with fixed spreads and there is no commission charge. For overnight positions, a swap rate is charged.

What is it like to trade Synthetic Indices ?

They are similar to trading any market, in that the trader is trading on movements on a chart on a trading platform and can use trading tools to analyse these markets. One difference is that the trader may select characteristics of these markets such as volatility, or simulate Booming or Crashing markets, which is not possible with real markets. However these are simulated, not real markets and characteristics of real markets may be different or absent from these Indices.

What is the minimum deposit ?

There is no minimum deposit to trade on MT5, which means the trader can deposit as little as they wish (or more if they want to trade with a larger account size).

What other Synthetic Indices are available on MT5 ? offers Crash Boom Indices which come in four types. As the name suggest these simulate rising and falling markets. The Crash Indices comes in two types, the Crash 1000 Index and the Crash 500 Index. The Crash 500 Index has on average 1 drop in the price series every 500 ticks, while the Crash 1000 Index has on average one drop in the price series every 1000 ticks. The Boom Index also comes in two types, the Boom 500 Index and the Boom 1000 Index. For the Boom 500 Index there is on average 1 spike in the price series every 500 ticks, and for the Boom 1000 series there is on average 1 spike in the price series every 1000 ticks.

What are the Step Indices ?

The Step Indices come in three types and simulate a market step by step, which is to say the basic Step Index has an equal probability of going up or down with a fixed step of 0.1. The EUR/USD Step Index has a fixed step of 0.001 based on the direction of EUR/USD. The USD/JPY Step Index has a fixed step of 0.001 based on the direction of USD/JPY. The Indices are not reflections of these markets and have different values. There can be differences in offerings in different countries.

Analysing Synthetic Indices

MT5 has a range of tools for analysing market including technical indicators. Technical indicators were designed for real markets however they can be used to analyse Synthetic markets. As with any market, analytical tool do not predict, but may provide a basis for making a trade. The Indices form patterns as well, providing another basis for analysing these market. The trader can use chart price types such as candlestick charts if they wish, and thus use the wide range of analysis techniques based on these, such as candlestick chart analysis. MT5 in fact has an expanded range of tools compared with the basic MT4, including more inbuilt technical indicators, graphical objects and time frames.

What is the minimum trade size ?

These vary depending on the Index. The minimum trade size is 0.01 lots which is offered for the Volatility 75 Index, the EUR/USD Step Index and the USD/JPY Step Index. Other Indices offer higher minimum trade sizes.

Real vs Demo Account

While the trader can create a Real account, they may also create Demo accounts. These can used to test out the Indices and try out ideas and strategies, without risking real money.

What is the maximum leverage ?

The maximum leverage is 1000:1, meaning the trader can trade with smaller account sizes if they wish, especially given the minimum trade size available. Increasing leverage increases risk but the trader can reduce their exposure by lowering the order size.

What times can the trader trade these markets ?

This depends on the Index. The Volatility and Crash Boom Indices and the Step Index can be traded continuously, 24/7. The EUR/USD and USD/JPY Step Indices may be traded during markets hours (as they use the underlying market) which is to say, from 8pm Sunday to 9pm Friday.


Synthetic Indices offer a way to trade simulated markets which are available to trade 24/7, except for the Indices referencing real markets. The trader may trade Volatility Indices, a sub set of Synthetic Indices, on's user friendly Smart Trader. However they can find a full complement of Synthetic Indices on MetaTrader 5, allowing the trader to trade these markets using the tools offered by this advanced trading platform (it is the successor to MT4). The trader may use the analysis tools provided on the platform, with the caveat that these are not real markets. There is no minimum deposit requirement, leverage is 1000:1 (increasing leverage increases risk) and there are low minimum trade sizes on selected Indices, letting the trader reduce their exposure. The trader may create demo accounts to practice trading and try out ideas.

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