How to Open Boom and Crash Account on MetaTrader 5 (MT5)

Boom and Crash indices are synthetic markets that simulate sudden price spikes or drops. They are designed with a built-in probability of producing a “boom” (a sharp upward spike) or a “crash” (a sharp downward spike).

In Boom indices, prices generally trend downward but occasionally produce sudden upward spikes (booms). On the other hand, in Crash indices, prices typically trend upward but experience sudden downward spikes (crashes).

Boom and Crash indices are gaining more traction every day. Many traders are switching to these and other synthetic indices because of the unique advantages they offer over traditional currency pairs. For instance, trading Boom and Crash does not require fundamental analysis — only technical analysis. Moreover, these indices are available 24/7, meaning you can trade them even on weekends.

In this blog post, I’ll show you step-by-step how to open a Boom and Crash account and connect it to MT5 so that you can start trading these indices as CFDs right from your MT5 app.

Boom and Crash Broker

Boom and Crash indices are exclusively offered by Deriv. These indices are part of Deriv’s proprietary synthetic instruments, meaning no other broker provides access to them. Therefore, Deriv is the only official Boom and Crash broker. If you want to trade Boom and Crash indices, you’ll need to create an account with Deriv and start trading directly on their platform.

How to Open Boom and Crash Account on MT5

To open a Boom and Crash account, you need to sign up with a Boom and Crash broker, which is Deriv, create a synthetic indices trading account with them, and then connect the account to MT5.

Incase you prefer a video guide, here is a video tutorial on how to open boom and crash account and connect it to MT5;

Here is a step-by-step guide on how to open a boom and crash account and connect it to MT5:

Step 1: Sign up with Boom & Crash broker.

In order to trade boom and crash, the first step is to sign up with a boom and crash broker. As I have stated before, Deriv is the only boom and crash broker, so if you want to trade boom and crash, you need to sign up with Deriv.

To begin, visit the Deriv sign-up page, and you will be brought to a page that looks like this:

Then enter your email address and complete the email verification to sign up with them. After signing up with Deriv, you will be brought to a page that looks like this:

After signing up with Deriv, you will be credited with $10,000 in demo funds that you can use to practice trading before investing your real money.

Step 2: Create a real trading account

After signing up, you need to verify your Deriv account in order to create a real trading account. To begin, click on the “Get Real Account” button shown on the image below.

Once you click on the “Create Real Account” button, you’ll be prompted to select your base currency, and then upload your ID card for verification.

You can watch the video below to learn how to create and verify your Deriv real account.

Step 3: Create Synthetic Indices trading account

After verifying your deriv account, then next thing to do in other to open boom and crash account is to create a synthetic indices trading account.

To begin, scroll down to the CFD section of the page and then click on the get up button beside “Standard account”;

You will then be prompted to create a DMT5 password. Endeavour to note the password because it is what you will use to connect your account to MT5.

Step 4: Connect your Deriv Trading account to MT5

After creating a DMT5 standard account, the next thing is to connect your trading account to MT5.

To begin, tap on the open button as shown in the image below;

Once you click on the open button, you will be presented with a DMT5 login detail like the one you are seeing in the image below.

Then note down the details(Broker, Server, login ID and password) because it is what you will use to connect your account to MT5.

You can watch the video below to learn how to connect your Deriv account to MT5;

After noting the DMT5 login details, Open your MT5 app and click on the plus button as shown on the image below;

Then search the keyword “Deriv” to find the server and then select it;

Then enter your DMT5 login details as you noted it above.

After entering it, click on login, and you will be logged in immediately.

You can then go to the quotes tab and tap on the “plus” button shown below.

From there you will find different boom and crash indices instruments that you can add to your quotes tab.

Here is a video guide on how to add boom and crash to MT5 and start trading them;

Can I trade boom and crash on MT5?

Alexander

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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