Boom 300 and Crash 300 Index On Deriv Review

Table of Contents

Deriv is a Boom and Crash Index broker as it offers Crash and Boom Indices on its DTrader and MT5 platforms. Crash and Boom Indices are Synthetic Indices which simulate markets, they are not real markets and are based on a proprietory algorithm. As these Indices are synthetic, they may be traded 24/7 on MT5 and DTrader.

Deriv itself is the rebranding of the well known and long established broker Binary.com. As a trading platform, Deriv packages Binary.com’s platforms in a user friendly manner. Binary.com still exists and a platform and a login for Deriv is also a login for Binary.com. Crash and Boom Indices may be traded with leverage up to 1000:1 on MT5 (increasing leverage increases risk). On DTrader, Crash and Boom Indices may be traded as Multipliers. Multipliers are a way of multiplying the effect of movement in value.

Traders who want to trade Boom and Crash Synthetic Indices on MT5 and as Multipliers on a user friendly web trader (DTrader) may wish to check out Deriv.

 

What is Boom 300 Indices ?

Boom Indices spike upwards on average every 500 or 1000 ticks (a tick is the shortest time frame for a change in value). On DTrader, the user friendly platform available from the Deriv platform, or on MT5 the trader can select the Boom 300, BOOM 500 or the Boom 1000 Index. The Boom 500 Index spikes up on average every 500 ticks, the Boom 1000 Index spikes up on average every 1000 ticks and the BOOM 300 spikes up on average 300 ticks. In between spikes, movement in value is being traced out on the chart.

Taking an example from DTrader, the market is selected from the top left hand box. When the Index is selected, it appears on the chart. The chart has a range of time frames from tick to day and Area, Candle, Hollow and OHLC charts. Looking at the chart from various time frames, the trader can see that patterns appear. So the market is not necesarily going up, even though it spikes up every 300, 500 or 1000 ticks on average.

 

 

 

What are Crash 300 Indices ?

Crash Indices spike down or dip every 300, 500 or 1000 ticks on average. They are available on MT5 and DTrader as Crash 300, Crash 500 and Crash 1000 Indices.

Which Platform to choose ?

Crash and Boom Indices are offered on MetaTrader 5 (MT5) and DTrader. The trader does not actually need to choose, as both platform are offered as part of the Deriv suite of online trading platforms. To trade these Indices on MT5, the trader creates a Synthetic account from Deriv, from the DMT5 tab. The trader can then download desktop MT5 or use an MT5 web trader from Deriv or trade on MT5’s mobile app.

DTrader is already part of the Deriv platform and is in fact the first platform which appears when opening Deriv. However, some differences include that Multipliers are offered on DTrader, while MT5 provides the features available on this platform, which is the successor to MT4. MT5 may take some practice in getting familiar with, while DTrader aims to be intutive and user friendly.

However the major difference is that on DTrader, Crash and Boom Indices are offered as Multipliers, while on MT5, they are available with leveraged trading up to 1000:1.

 

Trading Boom and Crash Indices as Multipliers ?

Trading Boom and Crash Indices as Multipliers is offered on DTrader. To trade a Multiplier, the trader chooses a stake from the tab on the right of the platform, which is the total amount which can be lost in the trade. They then choose a multiplier. The multiplier can be chosen from a range from x100 to x400.

The multipler can increase gains or losses. The gross gain or loss of a trade is the percentage change in the value of a market from the beginning to the end of the trade times the stake and the multiplier. These trades are open ended, until ended by a Stop-Loss, by the trader or by a Take Profit level.

Loss is limited to the stake, gains are not limited, however given that the market tends to retrace and move in complex patterns, the market may effectively tend to limit possible gains.

Trading Crash 300 and Boom 300 Indices on MT5 ?

These Indices can be traded on MetaTrader 5. MT5 is the successor to MT5 and features a number of enhancements on this platform. The trader can trade them from the chart and use leverage up to 1000:1. Leveraged trading does not have a stake so loss is not limited.

 

What strategies can be used to trade Boom 300 and Crash 300 Indices ?

Spikes occur in other markets, up and down, the difference is that spikes occur with these Indices at regular intervals. This does necessarily not make them any easier to trade. The trader may be tempted to scalp Boom and Crash Indices, this is a possibility, but the extent of the spike and what happens before the spike is not known.

Deriv offers a Virtual Account and the trader can try trading on this Virtual Account before risking real money. There is a range of technical indicators available from the chart and the trader can see how effective these might be with these simulated markets.

 

What is the minimum and maximum order size ?

The minimum volume size on MT5 is 0.20 and the maximum volume size is 50. On DTrader the minimum stake size is $1 and the maximum stake is $1000. The leverage available on MT5 and the small stake size means that it can be possible to trade with a smaller account size, as well as larger.

What is the minimum deposit ?

The minimum deposit varies depending on the payment method used. It is generally $5 or more. However there is no minimum deposit to transfer to the MT5 Synthetic account.

Account funding

Payment methods include Neteller, Skrill, Debit and Credit Cards and eWallets and in some regions cryptocurrencies. Crypto denominated accounts may be available, including Bitcoin, Ethereum, Litecoin, Tether Omni and USD Coin.

Why trade Crash 300 and Boom 300 at Deriv ?

Deriv offers an distinctive combination of online trading platforms in an intuitive package. The trader can trade with small order sizes or larger and can deposit relatively small amounts or larger as they wish. DTrader offers a user friendly platform to trade Crash and Boom Indices 24/7 using Multipliers, which amplify the effect of changes in value of these Indices. Alternatively the trader can trade these Indices 24/7 on the MT5 platform, using leverage up to 1000:1.

 

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