MT5 demo account

Trade risk-free with the Deriv MT5 demo account

Open a free MT5 demo account on Deriv to practise trading with virtual funds and no financial risk. Whether you’re learning how MT5 works or testing new strategies, this account gives you full access to the markets and trading platform in a safe environment.

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Deriv MT5 mobile screens showing quotes list and XAUUSD gold trading chart

Why open a Deriv MT5 demo account

No deposit required

Open a demo account without adding real funds. market analysis.

Unlimited virtual balance

Practise trading as much as you like with replenishable virtual funds.

Risk-free environment

Try out different strategies in a safe simulation before trading with real money.

Real-time charts and live market conditions

Access the same prices, charts, and tools available on a real MT5 account to practise your strategy.

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How to open a Deriv MT5 demo account

Sign up or log in

Create a free Deriv account, or log in if you already have one.

Add a demo Deriv MT5 account

In your dashboard, add your selected Deriv MT5 account type.

Create an MT5 password

Set a secure password, which you’ll use for all your Deriv MT5 accounts.

Start trading

Practise trading and refine your skills using your virtual funds.

Demo vs real account: What’s the difference?

Deriv MT5 demo account FAQs

How does MT5 differ from MT4?

MT5 was developed as an improved and more advanced version of MT4, offering the following additional features and capabilities for traders:

‍Asset classes: MT4 predominantly focuses on Forex pairs and a limited selection of other CFDs. In contrast, MT5 broadens its scope by including forex, stocks, indices, bonds, cryptocurrencies, and commodities.
‍Position hedging: MT4 permits only one position per symbol, whereas MT5 supports multiple positions on the same symbol and simultaneous Buy and Sell positions for hedging.
‍Timeframes: MT4 offers nine timeframes for chart analysis, ranging from one minute to one month. MT5 provides 21 timeframes, affording greater flexibility in analyzing price data, especially beneficial for technical analysis.
‍Technical indicators: MT4 comes with 30 built-in technical indicators for chart analysis. In comparison, MT5 offers a wider selection of 38 built-in technical indicators and 44 graphical tools.
‍Depth of market (DOM) data: MT4 lacks Depth of Market data, while MT5 incorporates this feature, allowing traders to view bid and ask prices at various levels in the order book.

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For more insights, you can read our MetaTrader 4 (MT4) vs. MetaTrader 5 (MT5) guide and the beginner's guide to Deriv MT5.

Is the spread always zero on a Deriv MT5 Zero Spread account?

Spreads are zero most of the time on selected financial assets, but may revert to raw spreads during periods of low market liquidity. This does not apply to Synthetic Indices.

What tools can I use on Deriv MT5?

You can use helpful tools like like tick charts, economic calendars, trading calculators, and one-click trading.

Get started with our guide to the MT5 toolbox.

What is Market Watch in Deriv MT5 and how do I use it?

The Market Watch window in MT5 shows real-time quotes for all available instruments. You can use it to open trades, view contract specifications, set alerts, and customise the list of symbols you see.

For more information, check out our guide on Market Watch.

What types of orders can I place on Deriv MT5?

Deriv MT5 supports several order types, including market orders for immediate execution and pending orders to buy or sell at preset levels. You can also use stop loss and take profit to manage risk.

See the full breakdown in our Deriv MT5 order types guide.

How do I connect an Expert Advisor (EA) to Deriv MT5?

To connect an Expert Advisor (EA) to MetaTrader 5 (MT5):

‍Install or import the EA file: Obtain the EA file (e.g., .ex4 or .mq4) and import it into your MT5 platform.
‍Access the "Navigator" window: Open the "Navigator" window, usually found on the left side of MT5, click on View and then Navigator (Ctrl +N).
‍Add the EA to the "Expert Advisors" section: In the "Navigator," drag and drop the EA onto your desired chart or double-click it.
‍Customize EA settings: Fine-tune EA parameters, like lot size and risk management, in the EA settings window.
‍Enable "AutoTrading" for live trading: Activate the EA for live trading by ensuring the "AutoTrading" button is turned on (usually on the platform's toolbar).
‍Monitor EA performance: Keep an eye on charts, trade execution, and check the "Experts" and "Journal" tabs for updates and error messages.

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Learn more in our guide on creating your own Expert Advisor using AI.