In this article
Deriv broker aims to offer its consumers a wide-ranged online trading platform. It is a safe and secure platform that ensures the convenience and comfort of its traders. Moreover, it is the simplest and flexible trading platform that proffers various opportunities for traders. Yet, most traders prefer the MT4 platform for their trading.
So, let’s study together whether MT4 is part of Deriv’s trading platforms and learn more about what makes Deriv MT4 different from other trading platforms.
What does Deriv offer?
With 20 years of continuous modification, Deriv has evolved a lot. It has brought forward a long list of trading services to ensure traders’ likings and reliability. In addition, it offers multiple legal trading opportunities along with regulated trading platforms.
Deriv.com grows from binary.com, so the traders can still use binary.com at their convenience, to an extent. The traders can also easily replicate their Binary.com accounts into Deriv.com whenever they want.
Moreover, Deriv offers approximately 100 assets to trade profitably. The traders can choose their trading assets themselves from the provided list. It includes Forex trading that supports all the major minors and exotic currencies.
It also offers synthetic indices and stock indices trading. Moreover, you can also trade metals like gold, silver, and even energies besides trading for exchange cryptocurrencies.
Deriv trading currencies
Deriv supports multiple currencies that the traders can choose for trading assets. The popular and more used currencies are USD, AUD, EURO, GBP, and ZAR. In addition, the traders can also trade through cryptocurrencies like Bitcoin, Litecoin, Ethereum, Tether, and USDC.
Additionally, Deriv consumers can also exchange currencies for cryptocurrencies. For instance: the traders can buy cryptocurrencies by exchanging USD, EUR, GBP, AUD, BTC, and LTC through BANXA, etc. You can search for other methods by visiting Deriv.com online.
However, the traders using these currencies for deposition and withdrawal should know about the minimum and maximum amounts. Luckily, Deriv doesn’t charge much in this case. So you can deposit as low as 5$ or 79.44 South African Rand or ZAR.
Deriv Peer to peer deposit service DP2P
Surprisingly, Deriv has introduced a new easy, and fastest deposit and withdrawal method. It speeds up the process of depositing and processing funds.
You can make exchanges in 2 hours on average with DP2P. The traders can choose their preferred rates for exchanging their local currency. With DP2P deposit and withdrawal service, you can choose the trader based on their ratings. To note, Deriv rate traders based on completion and speedy exchange rates.
Deriv trading opportunities
Deriv offers the traders full access to their trading markets and platforms. Following are the three trading instruments of Deriv:
Deriv offers CFD trading. It allows traders to trade an asset on its current price trend without buying the base asset. As a result, the traders can do CFD trading with high leverage and tight spreads.
The high leverage CFD trading will enable you to hold larger positions with a small balance. In addition, CFD trading with tight spreads allows traders to enter the trading market with the minimum amount possible.
The traders can choose CFD opportunities according to their preferences. However, CFD traders have to keep in mind that CFD trading increases market exposure. With this, the traders have to be careful about the profit and loss.
With Deriv’s options, you can buy positions based on predicted price movements or hold the position that predicts movements. It, in turn, enables traders to buy an instrument with considerably less capital but more benefits.
Deriv offers digital options, lookbacks, and call or put spreads. It is beneficial in terms of fixed or easily predictable profits or losses and is available 24/7. Additionally, it is the most flexible and most reliable Deriv’s trading platform.
You can easily buy your first options by simply defining the position. You will then receive a quote, and you can then buy your contract.
The Deriv multiplier is an instrument that limits the potential loss and maximizes the profit. For example: suppose the market gains 2% profit. In this case, without a multiplier, you can get a $2 profit. Yet, with an x200 multiplier, it will increase to $4000, and so more.
However, if you face a loss of 2% on a $100 margin, you will lose $1000, but with an x500 multiplier, you will only risk $100. You can do forex trading, trade indices, and even cryptocurrencies by using multipliers with Deriv.
Deriv trading platforms
Choosing the right trading platform is the main concern of the traders as soon as they plan to trade. Deriv offers four types of trading platforms. These are continuously under supervision by the company for a better trading experience. These platforms are given below:
The DTrader platform of Deriv is a web-based platform that does not require downloading. It is a quite powerful platform. This web-based platform has over 50 tradeable assets and a minimum stake of $0.36. It can be customized according to your preference with a very flexible running duration of 1 second up to 1 year.
The DBot platform of deriv is also a web-based platform that does not require coding. In addition, the DBot platform has multiple trading strategies that are popular and profitable.
On the other hand, DBot will also allow traders to customize strategies according to their preferences. This platform has automated bots that trade for you, or you can build your trading bot with built-in strategies to make trading easier for yourself.
Moreover, it doesn’t require any coding knowledge to build systems for this platform. It has over 50 assets to unleash your bot, and it is free of cost.
This platform is a multi-asset online platform that gives traders access to a wide range of financial markets. Among other Deriv platforms, this platform has been considered the choice of professionals worldwide.
MetaTrader 5 makes an excellent choice for traders who have just entered the market. It supports several timeframes, pending orders, and technical indicators than others. This Deriv platform has over 70 assets with a maximum leverage of 1:1000 and a lot of 30.
In the MT5 platform, you can access all your trading via the web. You can also monitor all aspects of the market from anywhere in the world. Moreover, the MetaTrader 5 platform is a multi-market platform under the regulations of diverse markets and exchanges.
The SmartTrader is also a platform of Deriv that traders can use for digital options trading. This platform provides you more options and functions to open a trade account. Moreover, the order masks provide you with the best execution.
This platform puts you in control with virtually unlimited access to premium trading tools, personalized insights, and market analysis that will help you take your investing efforts to the next level.
You can access over 8000 stocks, forex, charting tools, and network with thousands of traders through the smart trader platform.
As Deriv ensures, it offers trustworthy and speedy trading services and promises to assert its consumers 24/7 at every step.
- Do both Deriv and Binary offer the MT4 platform?
No, Deriv.com doesn’t offer an MT4 trading platform like Binary.com does.
- Why is MT4 gaining popularity?
The main reason behind the gaining popularity of MT4 is their security hold, as MT4 is a highly secure platform that encrypts data between a trader and server with a 129-bit key. The IP address of the trader is also hidden. In addition, MT4 takes up less memory on your computer than MT5. Therefore, capable Brokers will generally use MetaTrader 4 over any other platform.
- Do traders prefer MT4 over Mt5?
The MT4 platform is considered the gold standard among trading platforms. In addition, MetaTrader 4 has more positive reviews than MetaTrader 5 reviews, so traders have reasons to consider MT4 over MT5.
However, MT5 is a free platform for trading forex and other financial instruments such as futures, indices, CFDs, commodities, and cryptocurrencies. So, traders usually prefer this platform more. Unfortunately, deriv doesn’t offer MT4 integration, unlike binary.com.
Yet, retail traders can access MetaTrader4 through specific brokers, which license the platform individually. Hence, capable brokers can use both MetaTrader 4 and Deriv.
What is the difference between Deriv and MT4?
While MT4 and MT5 both offer almost similar online trading services, there are still many differences between these two platforms. Some of them are as follows:
MetaTrader 5 has more timeframes. It allows more pending orders and more technical indicators than the MT4 platform. Contrary to popular belief, MetaTrader 5 isn’t simply an upgraded version of MetaTrader 4.
Moreover, from a memory perspective, MT4 takes up less memory than MT5. Both of the platforms offer two different sets of tools. Each platform offers different benefits as per the securities in which the traders are interested.
So, it might be better for you to use MetaTrader 4 if you are a beginner or if you only want to do forex trading. However, if you already have experience in trading or only want to avail more features, then MetaTrader 5 will probably be a better choice.
There are several advantages to trading with Deriv.Some of which are highlighted below:
- The MT4 platforms offer advanced technology to their traders.
- They also facilitate their traders with enhanced security.
- Traders can open their accounts without worrying about the stability of their platform.
- The MT4 platform offers over fifty technical indicators that come pre-installed.
- It can be used by brokers all over the world.
- They provide the traders with nine different time frames and three different chart times.
- It is an extremely user-friendly interface.
- Traders of all levels find this Forex platform easy to use.
- You can download the MT4 platform on your computer, tablet, phone, etc.
- A very wide range of languages is also available on this platform.
- The MT4 platform supports full customization features.
There are several downsides you might face with Deriv.Some of which are highlighted below:
- The MT4 platform is relatively low on resources compared to other platforms.
- It does not increase your technical analysis and research capacity when trading non-forex CFDs compared to others.
- The MT4 needs to run the server for 24 hours
- It may fluctuate or freeze due to an increase in load.
- There is a possibility of a wrong order on this platform.
- In MT4, there is no comprehensive historical data for backtesting.
- High-frequency trading is not suitable due to the slow execution speed of MT4.
- Its nascent web platform does not support it in automated trading.
- The charting package is not provided for a custom timeframe.
Deriv is a simple, reliable, and flexible platform that offers a range of trading instruments and platforms. For example, it offers DBot, DTrade, and DMT5. Yet, Binary.com offers MT4. So if we compare, Deriv’s Mt5 and binary.com’s MT4 from which Deriv rises, Mt5 is not just the updated version of MT4.
It depends on your trading strategy and preference on what you choose: MT4 or Mt5. Both are reliable trading platforms. However, Deriv still doesn’t offer MT4, but the traders can use it on binary.com for a while.
The only main difference between these trading platforms is the asset type that the traders want to trade. MT4 is specifically designed for Forex traders. While, Mt5 includes the wider trading spectrum like CFDs, indices, etc.
Deriv Mt5 is a wider platform, while MT4 is specifically for forex trading. So, it depends on the traders what trading platform they want to choose. Preferably, Mt5 is the most popular trading platform MT4 that traders can use for various purposes. However, MT4 is simpler than Mt5. Other than this, there is no significant difference between them.
Jason Morgan is an experienced forex analyst and writer with a deep understanding of the financial markets. With over 13+ years of industry experience, he has honed his skills in analyzing and forecasting currency movements, providing valuable insights to traders and investors.
Forex Content Writer | Market Analyst