Choosing the best CFD trading platform for your needs

5
min read

Choosing the best CFD trading platform for your needs

5
min read
Futuristic display of CFD trading platforms with glowing charts and graphs, highlighting options for choosing the best trading platform.
Lesson
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minutes

Getting started with CFD trading? The platform you choose can have a significant impact on your trading experience. At Deriv, we offer three powerful platforms-MetaTrader 5 (MT5), cTrader, and Deriv X. Each has its strengths, so let’s break them down to help you find the best fit for your trading style.


Deriv MetaTrader 5 (MT5): The all-in-one powerhouse

MetaTrader 5 is one of the world’s most popular and feature-rich trading platforms. Whether you’re a beginner or an advanced trader, MT5 provides powerful tools for technical analysis, trading automation, and market monitoring. You can use it on desktop, web, and mobile.


MT5 account types

MT5 offers different account types to match your trading needs:

  • Standard Account – Access a wide range of assets, including forex, commodities, and Deriv’s Tactical and Derived Indices.
  • Financial Account – Designed for traders who prefer tighter spreads on financial assets.
  • Swap-Free Account – Avoids overnight fees, making it ideal for traders following specific financial principles.
  • Zero Spread Account – Offers no spreads but includes a commission per trade for precise cost control.


Advanced charting & analysis

MT5 has various chart types, technical indicators, and drawing tools to help traders refine their market strategies. It’s fully customizable, allowing you to set up charts and layouts that match your preferred approach.

 Screenshot of an MT5 trading platform chart showing advanced tools, indicators, and a candlestick graph for US Tech 100 index.

Deriv cTrader: Seamless & social trading

cTrader is an intuitive CFD trading platform that focuses on a clean, user-friendly interface. It’s available on desktop, web, and mobile, making trading smooth and accessible. But what sets it apart? Copy Trading.


CFD copy trading

Want to follow in the footsteps of experienced traders? cTrader’s copy trading feature lets you automatically replicate the strategies of professional traders. This can be a game-changer for beginners, offering:

  • A hands-on learning experience from seasoned traders.
  • Diversification by following multiple strategies.
  • Less screen time; others do the heavy lifting while you monitor results.
Copy trading dashboard showing top-performing strategies, ROI charts, provider details, and options to start copying CFD trades.


Deriv X: Fully customizable with TradingView

For traders who love customization, Deriv X is a flexible platform that integrates the power of TradingView charts. It’s available on the web and mobile, offering a tailored experience for traders who value a personalized approach.


What makes Deriv X stand out?

  • Highly Customizable: Arrange your trading dashboard with widgets to create a setup that fits your style.
  • TradingView Integration: Benefit from TradingView’s highly customizable charts, indicators, and drawing tools.
  • Multi-Asset Monitoring: View multiple charts simultaneously to track different markets and timeframes efficiently.
 Deriv X trading interface showing EUR/USD chart, technical indicators, market depth, and live account balance and positions.


Which CFD trading platform is right for you?

The best platform depends on what you’re looking for:

  • MT5 – Ideal for traders who want advanced technical analysis and various account options.
  • cTrader – Perfect if you want a beginner-friendly platform with copy-trading functionality.
  • Deriv X – Great for traders who love customization and robust charting tools.

Want to be sure? Test them out! Open a free demo account on each platform and see which feels right. The best way to choose is by experiencing them firsthand!

Ready to trade? Open a demo account today and find your perfect trading match!

Quiz

Which platform is best for copy trading?

?
MetaTrader 5 (MT5)
?
cTrader
?
Deriv X
?

FAQs

Can I use multiple CFD platforms on Deriv?

Yes! To see which works best for you, you can explore MT5, cTrader, and Deriv X with demos and real accounts.

Which platform is best for automated trading?

MT5 supports Expert Advisors (EAs), allowing for automated trading strategies.

Can I switch platforms later?

Absolutely! You can try different platforms and switch if you find another one better suits your trading style.