Can you use the MT4/MT5 (MetaTrader) for Deriv?


The use of MT4/5 has grown significantly in recent years. It is becoming a staple offering from various forex brokers to their clients. However, we must know whether our broker also offers MT4 or MT5 through its platform. It may be popular, but many brokers do not offer both of them. Some may offer either MT4 or MT5, whereas others may not offer any of them. 

Like any trader, even for a Deriv client, it is equally important to know whether it offers MT4/5 through its platform. Deriv is among the best trading platforms out there. However, we should not assume that it will offer all the latest features due to that feat.

So, before knowing that let us first understand what the MT4/5 is all about and how it’s useful to traders. Then we can move forward to know whether Deriv offers it. 

The Deriv MetaTrader 5 platform
The Deriv MetaTrader 5 platform
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What does MT4/5 signify?

Deriv.com trading platforms
Deriv.com trading platforms

MT4/5 is the acronym for MetaTrader 4 and 5. These are online trading platforms that have grown in popularity since 2005. These are particularly beneficial for online forex traders.

MetaQuotes Software has developed these two forex trading platforms. Since 2005 they have licensed these two platforms to forex brokers. So, the brokers can offer it to their own clients by incorporating them into their platforms.

MT4/5 mainly focuses on the forex market and provides trading assistance to those traders seeking a trade of currencies. They both are useful in analyzing financial markets with the help of Expert advisors. Moreover, they come with trading signals and mobile trading for an additional benefit in Forex trading.

The official logo of the MetaTrader

Millions of traders are choosing the MetaTrader 4/5 due to its utility. You can utilize the useful analytical functions through MT4/5. It offers you online quotes and interactive charts that enhance your trading experience. Moreover, its available in 9 periods, which allows an in-detail examination of all the quotes. That helps the traders to respond quickly to price changes. 

The MT4/5 also helps in automated trading and also allows you to customize the trading charts. With its software-based system, you can also significantly avoid emotional trading. That can indirectly help you win more trades.

By using the MT4/5 platforms, traders can grab plenty of opportunities. Traders of all skill levels can utilize advanced technical analysis and flexible trading systems.

Moreover, both MT4 and MT5 offer a trader to experience algorithmic trading. They can come across numerous technical indicators. These indicators can provide an edge in their trading. Moreover, if they wish to download more, they can do that as well.

The MT4/5 services also allow the traders to execute copy trading. So, they can easily mimic the trades of the winning traders and use them to get an effortless advantage. MT4 and MT5 also allow buying additional technical indicators that may be exclusive and not free.

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Deriv and MT4: Does Deriv offer MT4 or MT5?

The Deriv MetaTrader 5

Many brokers offer their clients the facility to use MT4/5 through their platforms. That is primarily because of the increasing popularity of both MT4 and 5, especially among forex traders. However, Deriv is a broker that does not offer MT4 and MT5 platforms together to its clients. You will not get to use the MT4 platform with Deriv as it does not offer that. But, you can utilize the MT5 platform with it. It offers MT5 trading through its proprietary DMT5 platform. 

What is DMT5?

The DMT5 web trading platform on Deriv
The DMT5 web trading platform on Deriv

The DMT5 is a platform with multiple assets. It gives the traders access to numerous financial markets. Deriv offers many platforms, and DMT5 is among the top choices. It can serve as an excellent option for those who have just joined the market. 

You can find it supporting several time frames and pending orders compared to others. You can also find many more technical indicators in it. Moreover, the Deriv MT5 platform comes with more than 70 assets and maximum Deriv leverage of 1:1000.

The MT5 platform also lets you access all the trading through the web itself. So, you can keep an eye on the market from anywhere across the globe.

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Why should you choose DMT5?

The DMT5 order mask
The DMT5 web trading platform on Deriv

The DMT5 platform offers an advanced trading experience for beginners and experienced traders alike. Traders can execute trades that include stock indices, basket indices, cryptos, commodities, etc. Other than forex with this single platform

The DMT5 stands distinct from others in offering a quick demo account and signup as well. It allows you to trade even on the weekends through the proprietary synthetic indices. The DMT5 platform also offers you a margin calculator

It comes with 0% interest rates and is free from any other charges as well. You also need not pay any swap charges or overnight fees for holding the position overnight for select few currency pairs.  

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How can you start the MT5 trading with DMT5 on Deriv?

How to trade on the Deriv MetaTrader 5 demo account

To start trading with the DMT5 is also simple. 

  • First, you can begin with the demo account if you are not confident enough.
  • Just sign up and choose an asset to trade.
  • You can practice the trades through multiple options.
  • You can use it from the mobile app or desktop app. You can otherwise straightaway begin with the web browser.
How to use the MetaTrader on Deriv

For a real account trading:

  • You first need to create a Deriv real money account.
  • Then select your trade preference.
  • Finally, fund your account with the amount of your choice and start your trade.

The apps are available for various operating systems. You can find it for Windows or Mac OS if you wish to use the desktop variant. You can also choose from the Android or iOS app if you want to use it from your smartphone. However, a new trader must keep using the broker codes for mobile signups. You must set the broker code to ‘Deriv Limited’ before using it.

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Conclusion – Deriv offers the MetaTrader platform

Deriv MT5 on a laptop

Deriv is a legit binary broker that offers various advanced features to its customers. However, when it comes to the use of MT4/5, it does not offer the clients both the features. With Deriv, a trader can use only MT5 trading as it does not offer MT4. Deriv offers a unique DMT5 platform for traders wishing to trade in MT5. Therefore, the traders can benefit easily by creating a DMT5 account.

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About the author

Marc Van Sittert
Marc Van Sittert is an experienced Binary Options Trader and coach who is originally from South Africa. He started his career in 2014 by trading old-school Binary Options online. His main focus is on short-term contracts with 60-second trades.

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