MT5 vs Deriv X: Which Platform Should You Use in 2025? 💻

If you’re trading synthetic indices on Deriv in 2025, two names dominate the conversation: MT5 vs Deriv X. I’ve traded live accounts on both — and while they technically give you access to the same markets, the experience is very different.

Let’s break it down in practical terms so you know which one to go for depending on your strategy, device, and experience level.

What Are Deriv MT5 and Deriv X?

MT5 (MetaTrader 5) is Deriv’s classic CFD trading platform — fully featured, customizable, and supported by thousands of tools, bots, and strategies.

Deriv X is the newer, more modern platform — powered by TradingView charts. It looks cleaner, is built for visual traders, and runs great on both desktop and mobile.

So what’s better?

Let’s dig into that with actual use cases.

Deriv offers multiple platforms — MT5, Deriv X, SmartTrader, and more — each with its own use case.
👉 See the full guide to Deriv platforms here.

Charting Experience: Old School vs TradingView

If you’re the type of trader who zooms in, draws zones, and analyzes candlesticks to death (like I do when scalping V75), MT5 gives you full control.

But Deriv X feels smoother. Since it’s built with TradingView’s engine, everything is fast, clean, and intuitive — drawing support zones, adding indicators, and zooming feels snappy.

MT5 Pros:

• You can run custom indicators and expert advisors
• More granular control (timeframes, templates, scripts)

Deriv X Pros:

• Feels modern and visual
• Better for traders who’ve used TradingView before
• Perfect for mobile charting

If you like TradingView’s look and feel, Deriv X is the more enjoyable platform.

Execution and Order Types

Here’s where MT5 wins for me — especially when I’m trading VIX or trying to scalp Boom 1000.

MT5 gives me full control over order types: market, limit, stop, stop-limit, and custom fills like Fill or Kill.

On Deriv X, execution is more streamlined. You choose your lot size, click buy or sell, and you’re in. It’s built for simplicity — which is great for newer traders but may feel restrictive to advanced users.

For scalping? I still prefer MT5 — faster entries, better SL/TP control.

If you’re serious about using EAs or precision scalping, MT5 is still king.
👉 See our full MT5 setup guide for synthetic indices here.

Deriv X is especially great for mobile charting and visual setups — perfect if you’re used to TradingView.
👉 Here’s how to get started trading synthetic indices on Deriv X.

Can You Use Bots on Deriv X?

No. At least not yet.

This is a dealbreaker if you use Expert Advisors (EAs) or trading robots. MT5 is the only platform where you can deploy auto-trading bots, backtest strategies, and run logic-based automation.

I have bots that trade engulfing patterns, jump index spikes, and V75 trend breaks — all on MT5. That’s just not possible on Deriv X.

👉 If you’re looking for tested, free bots you can start using now, check out this guide to Deriv Binary Bots.

Asset Access: Same Indices, Different Interface

Both platforms give you access to all synthetic indices: Volatility, Boom & Crash, Step, Jump, Range Break — including the 1s versions.

There’s no difference in pricing, spreads, or leverage between MT5 and Deriv X. What changes is how you interact with the market.

Platform Recommendations (Based on How You Trade)

Trader Type	Use MT5 If…	Use Deriv X If…
Scalper	You need speed + EA support	You want clean charts & simple entries
Swing Trader	You use indicators + risk tools	You prefer TradingView layout
Beginner	You want full-featured demos	You want mobile simplicity
Bot Trader	You run automated systems	❌ Not supported yet
Price Action	You trade from naked charts	You want visual comfort

Mobile Trading Experience

I’ve used both apps extensively.

• MT5 Mobile feels more technical, harder to navigate, but powerful once you’re used to it.
• Deriv X Mobile feels like you’re on TradingView — cleaner charts, better drawing tools, easier switching between instruments.

For charting and checking trades on the go, I recommend Deriv X.

For managing bots or running tight scalps, MT5 is the winner.

Is Deriv X the Same as TradingView?

Not quite.

Deriv X is built on TradingView’s charting engine, but you can’t log in from tradingview.com. It’s not a full TradingView integration (like OANDA or FXCM), where you can place trades inside TradingView’s platform.

That said — it’s the closest Deriv has ever come to giving traders a TradingView-like experience.

👉 Want the full scoop? Read our guide to Deriv + TradingView here.

Final Verdict on MT5 vs Deriv X

If you’re new to synthetic indices and want clean charts with easy access: go with Deriv X. If you’re a more serious trader, want to run bots, or prefer total control: MT5 is still king.

Personally? I use Deriv X for analysis and MT5 for actual trading. That’s the combo that works.

🧠 MT5 vs Deriv X — What’s Your Favourite?

I’ve shared what’s worked for me — but now I want to hear from you.

👉 Do you prefer the flexibility and automation of MT5?
👉 Or does the clean, TradingView-style experience of Deriv X feel like home?
👉 Maybe you juggle both depending on what you’re trading or when you’re on the go?

Drop your thoughts in the comments — which platform do you use, and why? Your experience could help another trader make a better decision. Let’s build a community where we learn from each other and grow together. 🔁💬

FAQs On MT5 vs Deriv X (Tradingview)