Deriv DMT5 Explained And Account Types
Deriv provides various trading platforms which include DerivX, DTrader ,DMT5 and many more. As a new trader I was having trouble on which platform to try first. So what I did is, I tried them all and this is what I found about DMT5.
DMT5 is a free multi-asset platform for traders provided by Deriv broker. With DMT5 you get access to a broader range of markets on Deriv MT5 platform. You will have access to a wide range of tools available on DMT5 , that equips you with a full range of analytical tools for technical analysis. It also enables you to use trading expert advisors, trading robots and other trading activities on Deriv MT5.
Deriv MT5 system offers different features such as technical indicators, different market timeframes, different chart types, graphical objects, toolbox for trade management, view trade history, news, alerts and many other features.
There are 3 main account types which are Synthetic, Financial, Financial STP explained in detail below:
Financial accounts enables you to trade over 50 financial assets which can be synthetic Indices, crypto CFDs, commodities, stocks and forex. Leverage is up to 1:1000, stop out level at 75% margin call at 150%.
Synthetic instruments simulate or mimic real markets in behavior, however these financial derivatives are not affected by events as with the forex market news thus they are free from liquidity risk. As a trader, you can trade these cryptographically secured numbers, generated synthetic indices 24/7. Examples include Volatility 75, Boom 1000, Crash 1000 and newly added V200(1s) and V300(1s). An independent third party audits synthetic indices for fairness. Leverage, stop out and margin call percentage is similar with Standard and STP account.
Supports higher volume trades of forex pairs with Straight Through Processing(STP) supporting higher volume through trading. Here trades are passed directly to the market (A Book) giving you direct assess to liquidity providers. Leverage is 1:100, stop out at 75%, margin call at 150%.