Is Deriv On MT4 and MT5

Deriv is a leading online trading platform offering a wide range of financial instruments, including forex, commodities, cryptocurrencies, and synthetic indices.

Founded in 1999, the company has evolved from its origins as Binary.com to become a comprehensive trading ecosystem.

Deriv provides traders with innovative tools, competitive spreads, and a user-friendly interface.

One question novice traders get to ask is “Deriv on MT4 and MT5”, well in this article you will get to know the trading platforms that Deriv offers.

Deriv’s commitment to technological advancement and client satisfaction has contributed to its growing popularity in the online trading industry.

The platform continues to expand its offerings and improve its services to meet the evolving needs of traders worldwide.

WHICH BROKER USES MT4

Several brokers continue to offer MetaTrader 4 (MT4) for traders who prefer this platform. Here are five notable brokers that provide MT4:

1. XM: Known for its reliability and extensive educational resources, XM offers MT4 with a wide range of trading instruments and competitive spreads.

2. Pepperstone: This Australian broker provides MT4 with fast execution speeds and access to various markets, including forex, commodities, and indices.

3. FXTM: Offering MT4 and MT5, FXTM is recognized for its user-friendly approach and diverse account types.

4. IC Markets: Popular among scalpers and high-volume traders, IC Markets offers MT4 with low spreads and fast execution.

5. Exness: This broker provides MT4 along with its proprietary platforms, offering a range of trading options and account types to suit different trader needs.

CAN YOU TRADE ON MT4 WITH DERIV?

Deriv does not offer MT4 as part of their trading options. Instead, they provide a handful of other trading platforms to cater to different trader preferences and needs.

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Their latest addition to this lineup is cTrader, expanding the range of choices available to their clients.

Deriv’s platform offerings include options like Deriv MT5, Deriv X, SmartTrader, Copy trading, and Deriv Bot, among others, but MT4 is not among the platforms they support.

Traders looking to use Deriv’s services will need to choose from their available platform options rather than expecting to use MT4.

IS DERIV ON MT4 AND MT5?

Deriv is an online trading platform that offers a variety of financial instruments to traders. It’s important to note that Deriv does not offer MetaTrader 4 (MT4) to its users.

Instead, Deriv provides several other trading platforms to suit different trader preferences and needs. These platforms include:

1. Deriv MT5

2. Deriv X

3. Deriv cTrader

4. Deriv GO

5. Deriv Trader

6. SmartTrader

7. Deriv Bot

8. Binary Bot

Each of these platforms has its features and benefits, catering to various trading styles and levels of experience.

Traders can choose the platform that best fits their requirements, whether they’re looking for advanced charting tools, automated trading options, or user-friendly interfaces for mobile trading.

HOW TO CONNECT DERIV TO MT5

Connecting Deriv to MT5 is a straightforward process. Here’s how to get started:

1. Visit the Deriv website and register for an account.

2. Once registered, log in to your Deriv account.

3. Navigate to the trading platforms section and select Deriv MT5.

4. Choose your account type (demo or real) and create a Deriv MT5 account.

5. Download the Deriv MT5 platform for your preferred device (desktop, mobile, or web).

6. Install the platform if you’ve downloaded the desktop or mobile version.

7. Launch Deriv MT5 and enter your login credentials.

8. Once logged in, you’re ready to start trading on the MT5 platform with your Deriv account.

HOW TO DOWNLOAD MT4

MetaTrader 4 (MT4) is no longer available for direct download from the official MQL4 website.

This change occurred as MetaQuotes, the company behind MT4 and MT5, has been focusing on promoting the newer MT5 platform.

However, traders can still access MT4 through certain brokers who continue to offer it. It’s important to note that not all brokers provide MT4 as an option, as many have transitioned to MT5 or other platforms.

For those still interested in using MT4, one option is to download it through XM, a broker that continues to support the platform.

Keep in mind that while MT4 remains popular among some traders; its availability may become increasingly limited as the industry shifts towards newer technologies and platforms.

HOW TO DOWNLOAD MT5

MetaTrader 5 (MT5) is readily available for traders through two main channels. The first option is to download MT5 directly from the official MQL5 website.

This source provides the standard version of the platform, which can be customized with various brokers.

Alternatively, you can obtain MT5 from your preferred broker. Many brokers offer MT5 as one of their primary trading platforms, often with customizations specific to their services.

Downloading MT5 from your broker ensures that the platform is pre-configured with the broker’s trading servers and may include additional features or tools exclusive to that broker.

Both methods are straightforward, but downloading from your broker can streamline the setup process.

Regardless of the download source, MT5 offers advanced charting, multiple asset classes, and a robust environment for both manual and automated trading.

Choose the option that best suits your trading needs and preferences.

WHICH BROKER IS BEST FOR MT5

The “best” broker for MT5 can vary depending on individual trading needs, preferences, and location. However, some brokers are often highly regarded for their MT5 offerings.

Here are a few well-known options:

1. XM: Offers a robust MT5 platform with a wide range of assets and competitive spreads.

2. Pepperstone: Known for fast execution and low latency on MT5.

3. IC Markets: Popular for its low spreads and high liquidity on MT5.

4. FxPro: Provides a feature-rich MT5 experience with various account types.

5. Exness: Offers MT5 with a range of tradable instruments and account options.

When choosing a broker for MT5, consider factors like:

Regulatory compliance

Trading costs (spreads, commissions, fees)

Available assets

Execution speed

Customer support

Educational resources

Deposit and withdrawal options

It’s recommended to compare multiple brokers, read reviews, and possibly test their demo accounts before making a decision.

IS MT4 COMPATIBLE WITH MT5?

MT4 and MT5 are not directly compatible with each other. While they are both trading platforms developed by MetaQuotes Software, they have significant differences:

1. File formats: MT4 and MT5 use different file formats for indicators, expert advisors, and scripts.

2. Programming language: MT4 uses MQL4, while MT5 uses MQL5. These languages have different syntax and capabilities.

3. Timeframes: MT5 offers more timeframes than MT4.

4. Available markets: MT5 supports a wider range of markets, including stocks and commodities, in addition to forex.

5. Hedging: MT4 allows hedging by default, while MT5 requires specific account types for hedging.

6. Order types: MT5 offers additional order types not available in MT4.

Due to these differences, tools, and indicators developed for one platform typically cannot be used directly on the other without significant modification.

Traders who wish to switch from MT4 to MT5 often need to adapt their strategies and tools to the new platform.

HOW TO REGISTER REAL ACCOUNT ON DERIV USING MT5

To register a real account on Deriv using MT5, follow these steps:

1. Visit the Deriv website and sign up for an account if you haven’t already.

2. Log in to your Deriv account.

3. Navigate to the “Trading Platforms” or “MT5” section.

4. Select “Create a real MT5 account” or a similar option.

5. Choose your preferred account type (e.g., Financial, Synthetic).

6. Fill in the required information, including your personal details and trading preferences.

7. Complete any necessary verification steps as required by Deriv.

8. Once approved, you’ll receive your MT5 login credentials.

9. Download the Deriv MT5 platform from the Deriv website or official MT5 sources.

10. Install and launch the MT5 platform on your device.

11. Enter your new MT5 login credentials to access your real account.