How to Login and Trade on Deriv MT5 (Complete Guide for Beginners)
If you’re new to Deriv and MetaTrader 5 (MT5), you’ve probably wondered how to get started and access the platform smoothly. Many traders find Deriv appealing because it supports a variety of financial instruments and gives access to the powerful MT5 platform. In this detailed guide, we’ll walk you through everything you need to know about logging into Deriv MT5, opening accounts, understanding key features, and tips before you start trading live.
Whether you’re a complete beginner or moving from another platform, this guide will help make your first steps with Deriv MT5 clearer and more structured.
Before opening a Deriv MT5 account, it’s important to understand whether the broker itself is legitimate and trustworthy.
We explain this in detail in our honest Deriv broker review.
What is Deriv MT5?
Deriv MT5 refers to the MetaTrader 5 platform provided by Deriv for trading. MT5 is a well-known multi-asset trading platform used worldwide by traders for forex, CFDs, and other derivative markets. It’s known for its:
Advanced charting tools
Custom indicators and expert advisors
Flexible order types
Multi-timeframe analysis
Fast execution
Using Deriv MT5, traders can manage their accounts, place trades, analyze price movements, and even employ automated strategies (robots or EAs) once they understand the basics.
If you are interested in automation, you can also learn more about Deriv Bot trading strategies here.
Step-by-Step: How to Login to Deriv MT5
Let’s go through the login process step by step in a way that anyone can follow without confusion.
1. Visit the Official Deriv Website
The first step is obvious but important: go to the official Deriv website. Do not use random pages — always ensure you’re on the real platform.
🔗 Website: https://deriv.com
This ensures your login and account details stay secure.
2. Find the MT5 Section from the Menu
Once you’re on Deriv, look for the MT5 or Trading Platforms section in the main navigation.
On desktop, this is usually in the top menu
On mobile, tap the menu icon to reveal platform options
Then click MT5 to proceed to the login area.
3. Choose Your Account Type
In MT5 you’ll usually see options like:
Demo Account
Real Account
Most beginners should start with a demo account first, because it lets you practice without risking real money.
If you already have a real account and verified profile, you can login to that too.
4. Login to Your MT5 Account
On the MT5 dashboard:
Enter your MT5 login ID
Type your password
Choose the correct server
Click Login
Once you’re signed in, you’ll see the MT5 workspace with charts, tools, and your account information.
What Happens After You Login?
The MT5 Dashboard
After logging in, you’ll see:
Market Watch — list of instruments and prices
Navigator — accounts, indicators, expert advisors
Chart Windows — where you conduct analysis
Toolbars — allow placing orders, changing timeframes, applying indicators
MT5 may seem overwhelming at first, but don’t worry — the basics are all you need to get started. • Start with applying simple indicators like Moving Averages and RSI to learn price movements.
Tips Before You Start Trading on MT5
Many new traders rush into live trading without preparation. This often leads to frustration and losses. Here’s how you can prepare wisely:
📌 Use a Demo Account First
A demo account gives you virtual funds so you can:
Familiarize yourself with the layout
Practice placing orders
Test basic strategies
Learn how indicators work
Using demo mode prevents emotional mistakes and helps build confidence before risking real capital.
📌 Learn Order Types
MT5 supports several order types, including:
Market order
Limit order
Stop order
Pending orders
Understanding these helps manage entry and exit more effectively and gives you better control over your trades.
📌 Understand Risk Management
Good traders always control risk. A common technique is:
✅ Never risk more than 1–2% of your trading capital on a single trade
✅ Use stop-loss orders to limit potential losses
✅ Adjust position sizes based on volatility
Risk control is more important than finding the “perfect strategy.”
Common Mistakes to Avoid
When starting with Deriv MT5, traders often make the following mistakes:
⚠️ Jumping into Live Without Practicing
Demo trading exists for a reason — it allows you to make mistakes without financial consequences. Use it!
⚠️ Ignoring Market Trends
Many beginners focus only on entry points and ignore overall market direction. A good trader observes big trends before deciding on trades.
⚠️ Overtrading
Placing too many trades in one day without a plan usually leads to inconsistent results.
What Instruments Can You Trade on Deriv MT5?
Deriv MT5 supports a range of markets:
Forex pairs (EUR/USD, USD/JPY, etc.)
Commodities (Gold, Oil)
Stock indices
Cryptocurrencies (in some regions)
CFDs based on various assets
Each market behaves differently — so take the time to learn the characteristics of the ones you’re trading.
Should You Trade Live or Stick With Demo?
This depends on your confidence and preparation.
✔️ Demo first — absolutely recommended
✔️ Switch to live only when:
You’ve practiced consistently
You understand risk
You have a trading plan
Remember: 📌 Real money triggers real emotions — and emotions often cause mistakes.
Why MT5 Is Popular Among Traders
Many traders prefer MT5 because:
It offers more tools than basic platforms
You can use scripts, expert advisors, and custom indicators
Charts are flexible and customizable
You can trade multiple asset types in one place
This flexibility makes MT5 interesting for both beginners and more experienced traders who want deeper analysis.
Final Thoughts
Getting started on Deriv MT5 is straightforward once you understand the steps:
Visit official website
Choose demo or real account
Enter credentials correctly
Familiarize yourself with dashboard
Practice and learn before trading live
The key to success lies not in quick profits, but in education, discipline, risk management, and realistic expectations.
Disclaimer
Trading derivatives and CFDs involves risk and may not be suitable for all traders. Past performance does not guarantee future results. You should only trade with money you can afford to lose.
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