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DMT5 originated as MetaTrader 5 (MT5) is an online trading platform offered by Deriv. Deriv provides a suite of web-based traders, arranged intuitively. Deriv offers MT5 as a web trader, but the software can also be downloaded for desktops and used on smartphones as well.
MT5 accounts are available: MT5 Financial, MT5 Financial STP, and the MT5 Synthetic. CFDs are traded on real markets by MT5 Financial and MT5 Financial STP. However, MT5 Synthetic allows trading in CFDs based on simulated markets named Synthetic Indices.
24/7 trading is available on the Synthetic Indices. Margin trading is available on MT5.
What is meant by Deriv’s MT5 platform?
With Deriv’s DMT5, or MetaTrader 5, you can trade FX and CFDs from one platform. Moreover, it is free to use.
MetaQuotes, the company behind the most renowned FX trading platform, MT4, developed the MT5 platform.
The user interface of MT5 is more advanced and flexible than that of MT4.
The DMT5 platform is available for free download from Deriv’s Official Website, giving you access to more than 100 financial markets around the clock.
What can you trade with the Deriv MT5 trading platform?
1. Major pairs
EUR/USD and USD/JPY are known to be among the most commonly traded currency pairs. Due to the USD being the most traded currency in the world, all significant pairs include it.
2. Minor pairs
These currency pairs do not include the currency of USD but still encompass the currency of the most developed countries. Examples include GBP/CAD and EUR/CHF.
3. Exotic pairs
The DMT5 offers currency pairs between major currencies and currencies of developing countries. This group includes pairs such as USD/RUB or USD/THB.
How can you sign up and download Deriv’s DMT5?
The following steps will explain using the advanced MT5 trading platform with Deriv to trade Forex and CFDs.
- Sign up, or you can log in to your platform of Deriv’s DMT5 account;
- Create a Deriv account with real money;
- Based on your trade preferences, open a DMT5 real money account;
- Your account needs to be funded. Use the mobile app, desktop application, or web browser to trade.
- Deriv’s DMT5 is available for download on any device.
- Deriv’s DMT5 can be downloaded for free to Windows, MAC, iPhone, iPad, Android, and Tablet devices.
Different types of trading accounts on the Deriv MT5 platform?
1. Financial account
The leverage offered by MT5 Financial is as high as 1000:1 depending on the trader’s country (as leverage increases, so does the risk.
In addition to providing the STP (straight-through processing) trading, MT5 Financial STP allows the traders to easily connect with liquidity providers and leverage up to 100:1. This is hence depending on the country where the trader is living.
CFDs are available on Forex, Indices, Commodities, Cryptocurrencies, and Stocks through the MT5 Financial account. Forex pairs are available on the MT5 Financial STP account. Cryptocurrencies are charged commissions.
2. Financial STP
With the DMT5 Financial STP account, traders can trade directly in the market. As per Deriv’s claim, the order book is around 100% A Book, which is basically the order book of the major liquidity providers. Therefore, the advanced trader may want to consider this account if they trade news.
3. MT5 synthetic
MT5 Synthetic accounts offer simulated markets that are referred to as Synthetic Indices. Synthetic Indices can be traded around 24/7 since they are not the real markets.
The most simulated markets Deriv offers are on the MT5 Synthetic account, which is available from DMT5 on Deriv. In addition, Deriv X being a user-friendly margin CFD trading platform, allows the trader to purchase synthetic indices and financial CFDs.
Deriv platform is unique in its ability to trade simulated markets. A computer algorithm is used to generate charting data for simulated markets. Compared to real markets, these are also tradable and analysed. Furthermore, because simulated markets are not based on real markets, they are open 24/7 and can therefore be traded at any time.
The main difference between the DMT5 synthetic indices or financial & financial STP accounts
DMT5 Standard accounts offer novice or experienced traders high leverage and have the variable spread to maximise flexibility.
With a DMT5 Advanced account, you have direct access to forex liquidity providers as your trades are passed directly to the market.
Trading synthetic indices are possible via the DMT5 Synthetic Indices account. Trades can be made 24/7, and an independent third party audits the fairness of the system.
Significant difference between DTrader, Deriv MT5 (DMT5) & Deriv X
Trader offers trading in more than 50 assets, including digital options, multipliers, and look-backs!
With the derivative MT5 (DMT5) and Deriv X, you can easily trade spot forex and CFDs with the leverage on different asset classes. In addition, Deriv X allows you to customise the layout to suit your needs, while MT5 has an all-in-one view.
How can you trade on the Deriv MT5 platform?
- To access your account, go to https://deriv.com/ and sign in
- From the menu, select DMT5
- You can add a demo account on Deriv MT5’s dashboard by clicking “Add demo account,” then clicking ‘Trade on web terminal.’
- The next step is to log into your MT5 account and enter your MT5 login and password.
Open a new position with Deriv MT5 platform: Step by step guide
- To open the ‘New Order’ window, right-click at the symbol (currency pair) and select ‘New Order.
- Select ‘Buy by Market’ as your second step and adjust the contract limits
- Additionally, you can choose to ‘short sell’ by selecting ‘Sell by Market.’
- Click ‘OK to confirm your order.
How to close a position in the Deriv MT5 platform?
- To modify or delete an order, double-click on that open position within the Terminal window.
- Click the option of ‘Close by Market’ button
- To confirm, click ‘OK.’
- In the Terminal window, click the ‘x’s to close an open position on the Trade tab.
- Choose ‘close’ from the pop-up window when you right-click on the line order.
- It takes just one click to open and close a trade on MT5.
Why should you choose the Deriv MT5 trading platform in South Africa?
As part of the Deriv suite in South Africa, DMT5 has an advantage. It provides an intuitive user experience with different options. This includes a user-friendly trading platform (DTrader) and the drag-and-drop robot building platform (DBot).
Synthetic Indices and Crypto CFDs are available 24/7 through the DMT5 web trader. You can trade CFDs via MT5 STP as well. Trading platforms, tools, and a variety of markets are hence open to the trader.
Deriv also offers MT5, which allows traders to trade on three different types of accounts. MT5 desktop includes features for Financial, Financial STP, and Synthetic, as well as advanced features.
Can you withdraw funds from your DMT5 real money account?
Deriv requires you to transfer funds from your MT5 account to your Deriv account to withdraw funds. You can do this by going to Cashier Transfer Accounts and following the instructions carefully.
The transfer of funds is instantaneous. Following completion of all steps, DMT5 will instantly update your account balance.
Why are your DMT5 login details differ from your Deriv account login details?
DMT5 login credentials grant you access to the MT5 platform, whereas your Deriv login credentials grant access to different platforms, such as DTrader and DBot.
What are essential features available in the Deriv MT5 trading platform?
1. Various technical indicators
Trades can access 44 analytical objects, 38 technical indicators, and various chart types in 21 timeframes using the MT5 platform. Customisable settings and analytical parameters enable these tools to be customised based on the trading strategy.
The option to easily add indicators to the chart itself or as a separate sub-window is also part of it. Additionally, traders can choose which indicators to add.
Traders can also select different timeframes to study market volume and price momentum from various viewpoints. As well as tick volume data, traders also have access to real-time trade data.
2. One-click trading
MT5’s platform offers traders a diverse range of trading options, including market orders, pending orders, stop-loss orders, and take-profit orders.
Furthermore, it offers the “one-click trading” option, which reduces trade execution times.
A trader can use this feature to perform a wide variety of operations, such as changing orders, entering positions, and setting stop-loss levels, with just a single click. In addition, the feature can be used in any execution mode.
3. Algorithmic trading and backtesting capabilities
In addition, MQL5, an object-oriented and high-performance programming language, is used to build MT5. Traders can now perform multiple pair backtesting, including improved backtesting capabilities. Trading robots and algorithms can also be developed using the language.
On the MT5 platform, traders can now use their time and energy to monitor the market and identify opportunities through algorithmic trading.
The platform will handle the rest once they define the parameters for entering and exiting trades. The platform notifies traders when positions are opened and closed, allowing them to stay in the loop with their trading.
4. Economic calendar
The MT5 platform allows traders to track the latest financial developments in real-time through international news agencies. To help traders, various daily newsletters are available that contain analysts’ predictions and reports about global events.
Further, the platform provides a built-in macroeconomic calendar, displaying the date, time, description, and importance of upcoming macroeconomic data releases. These help traders evaluate underlying market trends and predict the price movements of assets.
5. Powerful security features
Any trading platform needs strong security measures, and MT5’s security features are among the best available.
- A 128-bit system is used to compress and encrypt data exchanged between the server and the trading platform.
- There is also a course of extended authentication mode available on this platform. The server can also be enabled with it, and it hence provides additional protection against unauthorised access.
- During authentication, we verify more than just the client’s identity. We also verify the trade server’s identity.
- All configuration files containing server settings, accounts, and configuration files are encrypted. Therefore, using configuration files from a different platform’s /config folder makes connecting to a trade server nearly impossible.
How can you reset your DMT5 account password?
To reset your account, please click the Password button on the DMT5 dashboard of that specific account.
How can you deposit your funds into the DMT5 real money account?
You will need to use all the funds in your Deriv account to easily deposit funds into your MT5 account on the Deriv. Then, follow the detailed instructions on the window screen for the Cashier Transfer between the accounts.
Instant transfers are equally possible. You will receive an instant update to your DMT5 account balance after completing all steps.
1. To move money from my old MT5 synthetic account, what do I need to do?
From your previous MT5 account, you can transfer funds to your new MT5 account by shifting the funds to your Binary account. From your trading account, you can then move the funds to your new MT5 account. Easy!
2. Is it possible to use my previous MT5 account?
While you can use your old one, we recommend using your new one for our platform’s best performance and speed.
3. Will my login information remain the same?
It is the same Binary account you currently have; we just added another MT5 account on a different server to enrich your experience.
4. Are there plans to change the MT5 platform?
We will not change our platforms for you; they will remain the same.
5. Should I open another account on any of your other platforms?
You don’t need to change any details of other accounts.
In particular, MT5 is optimised for STP trading. MetaTrader 5 (MT5) replaces MetaTrader 4. MT5 has additional features such as more technical indicators, as well as graphical objects and time frames.
Traders who want to access the full functionality of MT5, including an Economic Calendar, can do so via Deriv and access the full functionality of MT5 via desktop.
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