Deriv Metatrader 5 explained: Your gateway to CFD trading

This guide will discuss all things Metatrader 5 for beginners. Deriv MT5 is convenient platform for anyone interested in trading Contracts for Difference (CFDs). CFDs are agreements to exchange the difference in an asset's price between the time you open and close a position. So, rather than owning the asset (like a stock or commodity), you're speculating on whether its price will rise or fall. If you're correct, you can make a profit; if not, you may incur a loss.

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Why choose Deriv MT5?

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The trading platform has several key benefits:

• User-friendly: The platform caters to everyone, from beginners to experienced traders. You’ll find everything you need easily accessible.
• Market insights: Deriv MT5 offers charts and tools to help you monitor market activity and identify potential opportunities or risks.
• Wide selection: You can choose from a variety of assets, including major currencies like the US Dollar and Euro, commodities like gold and oil, as well as our in-house Derived Indices.
• Tailored accounts: Deriv provides different account types to suit your individual goals and experience level.

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MT5 account types

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Traders can choose from the following account types:

• Standard account: A versatile option with competitive spreads and swap fees, suitable for both newcomers and experienced traders.
• Swap-free account: Ideal for those who prefer holding trades for longer periods, as it eliminates overnight fees.
• Zero spread account: This account offers fixed commissions instead of spreads, making trading costs clear and predictable.
• Financial account: Designed for frequent financial market traders, this account provides the tightest spreads for short-term market movements.

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Your Deriv MT5 gateway: Desktop, web, or mobile?

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You might wonder how to use Deriv MT5. You have a few options:

• Desktop terminal: This is the most comprehensive version of the platform available for Windows, macOS, and Linux. Key features include:
  
  • Multiple Charts: Monitor various markets or timeframes simultaneously.
  • Technical Indicators and Drawing Tools: These assist you in analysing price patterns and predicting market trends.
  • Market Watch: A personalized list of assets showing the latest prices and allowing you to manage trades easily.
  • Expert Advisors (EAs): Automated trading assistants that can execute trades based on your predefined rules.

• Deriv MT5 web: If you prefer not to download software, the web version can be accessed directly from your browser. This option is great for trading on the go:
  
  • Quick and Easy: No downloads required; just log in and start trading.
  • User-Friendly: The interface is straightforward, making it accessible for beginners.
  • Automatic Updates: You’ll always have access to the latest features.
  • Charts on the Go: View charts and tools directly in your browser, regardless of your device.

• Deriv MT5 mobile: If you want to stay connected to the markets, the mobile app turns your smartphone into a portable trading desk. It's handy for making quick trades while you're out:
  
  • Real-Time Updates: Receive the latest market data on your phone.
  • Simple Trading: Open and close trades with just a few taps.
  • Stay Connected: Keep track of the market even when you're away from your computer.

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Which one you choose depends on your personal preference:

• Advanced trader: The desktop terminal is best for those who want a complete set of features.
• On-the-go trader: The web or mobile versions are perfect for flexibility.
• New trader: The web version might be a good starting point for those just beginning.

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Ready to get started?

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With Deriv MT5, you'll find a user-friendly platform full of tools, diverse assets, and various account types tailored to your trading style. Visit Deriv's website to download the platform that suits your needs best. If you're unsure, try the web version—it's a straightforward way to begin. Plus, Deriv offers demo accounts so you can practice without risking real money.

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If you want to learn more about the platform's benefits, our free courses provide an in-depth look at Deriv MT5, exploring its features and guiding you on how to use it effectively.