You may have heard about volatility indices like the volatility 75 index, the volatility 100 index, or the volatility 25 index or have seen people trading them, but you are unsure of how to get started trading them on the MT5 platform.
In this work, I am going to show you how to open volatility index account and then connect the account to MT5.
Volatility indices are synthetic indices instruments offered by Deriv. Volatility indices are part of Deriv’s Synthetic Indices market, which is proprietary to the broker and not available anywhere else.
Deriv has many platforms that you can use for volatility indices. These platforms include Deriv Go, Deriv X, D Trader, and DMT5. Among these platforms, the popular ones used in the trading volatility indices are DMT5 and Deriv X. These two platforms allow you to trade volatility indices as CFDs.
In this work, I will be showing you how to sign up with Deriv, create a synthetic indices trading account with them, and then connect the account to MT5.
Let’s get started.
Volatility Index Broker
Deriv is the one and only volatility indices broker. Volatility indices are part of Deriv’s Synthetic Indices market, which is proprietary to the broker and not available anywhere else. If you want to trade volatility indices on MT5, you need to sign up with Deriv, create a standard DMT5 account with them, and then connect the account to MT5.
How to Open Volatility Index Account on MT5
Here are steps to Open Volatility Index Account and connect it to MT5;
Step 1: Sign up with Volatility Index broker
Volatility Index are proprietary to Deriv, meaning Deriv is the only broker that offers volatility indices, so the first step is to sign up with Deriv.
To sign up with them, visit the Deriv sign-up page, and you will be brought to a page that looks like this:
You can then sign up by entering your email address and completing the email verification. After signing up, you will be brought to a page that looks like this:
As shown in the image above, after signing up, you will be credited with $10,000 demo funds that you can use to practice trading before investing your real money.
Step 2: Create a real account
After signing up with Deriv, the next step is to verify your account and create a real trading account so that you will be able to deposit and trade with real money.
To do that, click on the “Create Real Account” button shown in the image below.
Then, you will be prompted to choose a base currency account, enter your residence address, and then enter a valid ID detail.
Here is a video guide on how to create Deriv real account;
Step 3: Create a DMT5 account
After signing up on Deriv, you will be credited with a virtual balance of $10,000. You can use this fund to practice trading volatility indices and other indices as binary options or multipliers within DTrader or create a DMT5 account, connect it to MT5, and trade volatility indices as CFDs there.
To create a DMT5 account, visit the Trader’s hub, and then switch from a “demo account” to a “real account” if you want to trade on a real account.
Then scroll down, change from “options” to “CFD,” and click on the get button on the CFD section of the page.
Then you will be prompted to create a DMT5 password. Endeavor to note the password because it is what you use to connect your trading account to MT5.
Step 4: Connect your account to MT5
Here is a video guide on how to connect your account to MT5.
After creating the DMT5 account, click on the “open” button to expand the details that you will need to log in to MT5.
You will see your DMT5 login details as shown on the image below.
You can use the above login details to log in to your MT5 app and start trading volatility indices and other synthetic indices from there. To do that, open your MT5 app and tap on the plus button shown below.
Then search for “deriv” and select the appropriate server according to your DMT5 login detail.
Enter the login credential, and then click on login.
You will see a success message, and the synthetic account will be added to your MT5 app.
That is all, you can now begin trading synthetic indices pairs like boom and crash indices, step indices, and volatility indices right from your MT5 app.
Can I trade Volatility index on MT5?
Hello, I’m Alexander, the writer and founder behind Synthetic Giant.
I am a seasoned forex and synthetic indices trader with years of hands-on experience in the financial markets, including cryptocurrency, forex, and stocks. Over time, I’ve gained a strong understanding of how different markets work, and I’ve developed a passion for helping others navigate them.
In addition to trading, I have a strong background in writing and research. This combination inspired me to create Synthetic Giant — a platform dedicated to providing traders with tips, strategies, broker reviews, and step-by-step guides on synthetic indices.
My goal is simple: to help beginners and experienced traders alike gain the knowledge they need to trade synthetic indices confidently and profitably.
When I’m not trading or writing, I’m often exploring new ways to simplify financial concepts and share them with my audience in clear, practical terms.
For inquiries, feel free to reach me at admin@syntheticgiant.com
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