The number of traders opting to trade volatility indices is increasing every day. However, not all forex brokers offer volatility index pairs as tradable pairs.
So, to be able to add any volatility indices on MT5 and trade, you need to sign up with a broker that offers it as a tradable instrument and connect your account with the broker to MT5.
Deriv is a popular broker that offers all volatility index pairs and other synthetic indices pairs. In this post, I will be showing you how you can sign up with Deriv and connect your Deriv account to MT5 so that you will be able to add volatility index pairs to MT5.
How to Add Volatility Indices on MT5
The steps to add volatility index pairs to Mt5 are simple: you need to create an account with a volatility index broker, connect your account to MT5, and you will be able to find volatility index pairs on Mt5.
Here are the steps to add volatility indices to MT5:
Step 1: Sign Up with volatility indices broker
There are many brokers that offer volatility index pairs, but the most popular among them is Deriv. In addition to volatility indices, Deriv offers other synthetic index pairs like boom and crash, jump indices, and step indices. Also, you can trade both the crypto and forex markets on Deriv.
So, visit the Deriv official website and sign up for an account. In case you need a guide on signing up, check out our post on how to create an account on Deriv.
Step 2: Verify your account.
After signing up with Deriv, you need to verify your account to be able to make deposits and trade real funds. To verify your account on Deriv, you need an ID card like a driver’s license or a national ID card.
To verify your Deriv account, navigate to account settings and then select “Proof of Identity Verification. You will be asked to provide your personal details as they appear on the ID card you want to use for the verification. We have a separate post on how to verify Deriv account.
You can also check out the short video below on how to verify Deriv account;
Step 3: Create a real account
If you want to trade with a demo account, then you don’t need to complete this step. You can proceed to the next steps to connect your demo account to MT5 and start trading your demo account.
If you would like to trade real assets and make a real profit, you need to create a Deriv Real account.
To create a Deriv Real account, navigate to Traders’s hub.
Switch from Demo to Real.
The select the Get button to begin creating Deriv Real account
In case you are stuck, you can check out our guide on how to create a Deriv Real account.
Step 4: Connect Your account account to MT5
After creating a Deriv real account, you need to connect your account to MT5 to be able to find volatility index pairs and other synthetic index pairs that Deriv offers on MT5.
To begin, sign into your Deriv account and navigate to the Trader’s Hub.
By default, when you select Trader’s Hub, the selected account is Demo. If you are looking to connect your demo account, select CFD as shown below.
If you are looking to connect a real account to MT5, then switch to real and click on the Get button.
When you click on the get button, you will be asked to create a DMT5 account that you will use to connect your account to MT5. After creating the account, you will be brought to a page that looks like this;
Then click on “Open” to open the login details;
Once you click on open, you will be provided with the following details, which you will use to connect your account to Mt5.
Note down these details, as you will need them to connect your account to MT5.
Then open your MT5 app and click on the “+” to begin connecting your Deriv account to the app.
Search for Deriv and select the appropriate Deriv jurisdiction.
Then input the login Details;
If you input the login details correctly as the ones you copied from your Deriv account, once you click on login, you will be brought to a page that looks like this:
You can now start trading volatility index pairs by going to the quote tab and selecting the specific pairs that you want to trade.
Note: If you are using a real account, you need to deposit funds before you can place an order. We have separate posts on how to deposit on Deriv.
Hello and welcome to my blog.
I am a financial trading analyst and also a content creator. I created this blog website to provide you with step-by-step tutorials on how to make money trading synthetic indices on Deriv. Consider using the site’s search bar to search for any guides on how to use Deriv’s platform.
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