Choosing the best CFD trading platform for your needs

When you're new to trading contracts for difference (CFDs), the trading platform you choose can make a big difference in your experience and success. All of Deriv’s CFD trading platforms, MetaTrader 5 (MT5), cTrader, and Deriv X, give you access to a wide range of markets, but they have some key differences that are important to understand.

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Deriv MetaTrader 5 (MT5)

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MetaTrader 5 is the world's most popular and feature-rich trading platform, offering a wealth of tools and resources for traders. It's available on desktop, web, and mobile devices. Some of its key advantages include:

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Versatile MT5 account types

MT5 offers various account types, catering to different trading needs. These include:

• Standard Account: Access to a wide range of assets, including financial instruments and Deriv's Tactical and Derived Indices.
• Financial Account: Tighter spreads, focused on financial assets.
• Swap-Free Account: No overnight fees, but slightly wider spreads.
• Zero Spread Account: No spreads, but a commission per trade.

You can compare account types here. 

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Advanced charting tools and analysis

MT5 offers advanced charting capabilities, with a range of chart types, technical indicators, and drawing tools to assist with detailed market analysis. Traders can customise their charts and layouts to suit their preferred approach.

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Deriv cTrader

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Deriv cTrader is a popular CFD trading platform also available on desktop, web and mobile. It is known for its intuitive, user-friendly interface and its standout feature: copy trading.

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CFD Copy Trading

cTrader's copy trading functionality allows traders to observe and replicate the strategies of experienced professionals. This can be a valuable learning tool for beginners, as it provides an opportunity to benefit from the knowledge and expertise of seasoned traders. The advantages of copy trading include accelerated learning, diversification, and convenience, as traders can potentially capitalise on the performance of multiple signal providers without the need for constant market monitoring and analysis.

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Deriv X

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Deriv X is a highly customisable CFD trading platform that integrates the popular TradingView charting and analysis tool. It's available on web and mobile devices.

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Highly customisable

Deriv X allows traders to customise their trading dashboard with different widgets, ensuring a personalised and efficient trading experience.

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Integration with TradingView charts

Deriv X has integrated the popular TradingView charting and analysis tool, providing traders with access to a diverse range of symbols, including Deriv's exclusive Tactical and Derived Indices, as well as traditional markets such as forex, stocks, indices, commodities, cryptocurrencies, and ETFs.

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The TradingView integration within Deriv X offers traders several advantages:

• Customisable charts and layouts: TradingView is renowned for its highly customisable charts, allowing traders to apply a variety of chart types, drawing tools, and technical indicators to refine their technical analysis.

• Flexible monitoring: The ability to view multiple charts simultaneously on a single screen enables traders to efficiently monitor various assets and timeframes, streamlining their decision-making process.

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Choosing the best CFD trading platform for you

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When selecting a CFD trading platform, it's essential to consider your individual trading style, preferences, and the specific features that are most important to you. While MetaTrader 5 offers advanced charting toold, cTrader's copy trading capabilities may be appealing for traders seeking to learn from experienced professionals. Deriv X's integration with TradingView provides a unique blend of customisable charting and analysis tools.

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To determine the best CFD trading platform for your needs, we recommend opening a free demo trading account to test out the various platforms and see which one aligns most closely with your trading approach. This will allow you to explore the features, functionality, and user experience of each platform, helping you make an informed decision.