If you are looking to open a volatility index or boom and crash trading account, you will be pleased to know that the process is relatively straightforward. In this article, we will take you through the steps you need to follow to do that.
After that, we will also show you how to connect your account to MT5 and begin trading.
Table of Contents
Requirements for Synthetic Indices Account
To be able to open account and trade synthetic indices, you will need to verify your account with any of the following ID card to avoid restriction.
- A valid ID
- Drivers License
- Passport (not expired)
- Utility bill (For Address Verification)
How to Open Synthetic indices Account.
Step 1: Choose a broker
Deriv is the popular broker known for offering Boom and Crash and other synthetic indices. So, you will definitely choose them if you want to trade all synthetic indices.
Step 2: Sign up for an account
On the Deriv website, you will see the option to sign up for an account either by entering your email or logging in with your Google account.
If You choose to sign up with email, you will be will be sent an verification link to your email.
Once you complete the account sign up, you will be taken to a page like this.
Whenever you sign up on Deriv, they will credit you with a virtual balance of $10,000 for demo trading. This can be seen at the top right corner of the page.
How to verify your Deriv account
After the getting your ID card and utility bill ready, You can follow the short video below to verify your account
How to create Deriv Real Account & Deposit
Follow the Step in the Video to create A real account
How to setup Volatility indices, Boom & Crash on MT5.
Here is a step-by-step guide on how to setup synthetic indices account on MT5:
Step 1: Create a synthetic index trading account.
Navigate to the top right corner of the page and expand the drop-down, from there select “Add” In the DMT 5 account section.
Step 2: Copy Your Deriv MT5 login ID.
After completing the above step, you will be required to choose a password for your synthetic index account. So, go ahead and do that.
To copy your Deriv MT5 login ID, select the “trade icon” to open the window where you will copy your MT5 login ID.
Remember to switch to real account if you have deposited and want to trade a real account from MT5.
Once you select trade, you will see a pop like this;
Then note the name of the broker(Deriv) and their server. You will need them in the next step.
Step 3: Connect your account MT5 app.
Download the Mt5 app from the app store and launch it.
From the hamburger menu at the top left corner, select “Manage Account.” and tap on the “plus” icon.
In the search window that loaded up, search for “deriv” and select “deriv limited” from the search result.
Then select “login to existing account section”, enter your Deriv MT5 ID as you copied it, your password, and select server.
Select “login” and you will be taken to a page like this:
Congrats, you have successfully opened a synthetic indices account and linked it to MT5.
Can You trade boom and crash on MT4?
As of today, You can only trade boom and crash on the MT5 platform.