Deriv’s synthetic markets are constantly levelling up, giving traders fresh ways to explore the market. The latest additions, Multi Step and Skew Step Indices, bring extra flexibility and add a new twist to your trading setup. But how did we get here? Let’s rewind and see how the Step Index family has grown.
The original Step Index: Where it all began
Think of the Step Index as the "classic:" Simple, predictable, and easy to grasp. It was built for traders who like structure and want a market that behaves consistently.
- Fixed step size: Always 0.1.
- Balanced movement: Equal chance of moving up or down.
- Low volatility: Moves are steady and predictable.
This made it a great starting point for traders looking to understand synthetic markets without too many surprises.
More significant steps, bigger moves
As more traders jumped in, some wanted more action, so larger step sizes were introduced. These new indices kept the same mechanics but with wider steps, leading to more volatility and significant opportunities.
- Step sizes: Ranging from 0.2 to 0.5.
- Balanced movement: There is still an equal chance of moving up or down.
- Higher volatility: The bigger the step, the greater the potential price movement.
Some of the popular ones include:
- Step 200 Index
- Step 300 Index
- Step 400 Index
- Step 500 Index
Multi Step Indices: A bit of a wild card
Multi Step indices shake things up by blending different step sizes. Most movements are small (0.1), but now and then, you’ll see a more significant jump (0.2, 0.25, 0.3, or 0.5). This gives traders a mix of predictability with just enough randomness to keep things interesting.
- Step sizes: Ranging from 0.1 to 0.5.
- Balanced movement: Equal chance of price moving up or down.
- Low to moderate volatility: Mostly small steps, with occasional larger swings.
You’ll find these indices as:
- Multi Step 2 Index
- Multi Step 3 Index
- Multi Step 4 Index
Skew Step Indices: A market with asymmetrical behaviour
Skew Step Indices take things a step further by making price movements uneven. Most of the time (80-90%), price moves in small steps (0.1 to 0.5), but occasionally (10-20%), you may see occasional sharp moves. This mimics real-world markets more closely, adding an extra strategic layer.
- Step sizes: Ranging from 0.1 to 0.5.
- Directional tendency: Usually moves in one direction (up or down) but occasionally makes a more significant move the other way.
- Moderate to high volatility: More dynamic price swings.
Some examples include:
- Skew Step 5 Up Index
- Skew Step 5 Down Index
- Skew Step 4 Up Index
- Skew Step 4 Down Index
Start trading the Step Indices family
The Step Indices family gives you structure with a bit of flexibility, making it perfect for traders who love patterns but still want room for strategy. Whether you’re a fan of predictable moves or enjoy the thrill of unexpected jumps, there’s a Step Index for you.
How to get started:
- Open a free practice account.
- Try out the basic Step Index to see how it moves.
- Start with small trades to build confidence.
- Experiment with Multi Step and Skew Step Indices as you get comfortable.
Quiz
Which index should you go for if you like steady, predictable price movements?
FAQs
Trade with confidence
