Which Deriv App Do You Need?
| If you trade... | Download this app |
|---|---|
| Multipliers / accumulators on derived indices | Deriv GO |
| CFDs with copy trading | Deriv cTrader |
| CFDs via MetaTrader 5 | MT5 |
| MT5 copy trading | Nakala |
| Account management, deposits, withdrawals | Deriv Online Trading |
| Local deposits / P2P fund transfers | Deriv P2P |
The Six Deriv Apps, Explained
Deriv Online Trading
Deriv Online Trading is the mobile hub app available on Android and iOS that gives access to Deriv's entire ecosystem โ account management and gateway to all active MT5 and Options accounts.
The app displays all accounts linked to a Deriv profile, including MT5 and Options accounts, and provides direct access to wallets, profile settings, and navigation to all connected trading platforms from a single dashboard.
Deriv GO
Deriv GO is a mobile options trading app available on iOS and Android, built specifically for Deriv's multiplier and accumulator products on derived indices, forex pairs, and cryptocurrencies. It is Deriv's most-downloaded app with over 1 million downloads on Google Play.
Features include a $10,000 demo account, stop loss, take profit, and deal cancellation tools, with a minimal interface built for small screens. It is not an all-in-one platform โ it covers proprietary product types that are not standard regulated instruments.
Deriv MT5
Deriv MT5 is Deriv's primary CFD trading platform, available on Windows, macOS, iOS, and Android. It gives access to the widest range of regulated instruments โ forex, stock indices, commodities, cryptocurrencies, and synthetic indices โ through the industry-standard MetaTrader 5 interface.
The desktop version is the most complete environment: full charting with 38 built-in indicators, Expert Advisor support for automated strategies, one-click execution, and multi-window layout. The mobile version is adequate for monitoring positions and placing orders on the go.
Deriv Nakala
Deriv Nakala is a social copy trading app available on iOS and Android that connects to a Deriv MT5 Standard account, allowing traders to follow and automatically mirror the trades of signal providers across forex, gold, and other CFD instruments.
Nakala handles the discovery, analysis, and management of signal providers โ while actual trade execution flows through the linked MT5 account. An active Deriv MT5 Standard account is required before the app can be set up.
Nakala is MT5-specific. Deriv cTrader's copy trading is a separate, self-contained system tied to cTrader accounts only โ the two are not interchangeable.
Deriv cTrader
Deriv cTrader is available on iOS, Android, macOS, and Windows, covering CFDs on forex, metals, oil, stock indices, and ETFs with built-in copy trading included at no additional cost. It features 60+ custom indicators, price alerts, chart trading, and over 150 financial and synthetic instruments.
Its standout feature is Level II pricing โ most trading apps show a single price (the best available buy or sell). cTrader shows the full order book: multiple price levels stacked with how much trading volume sits at each. In plain terms, traders can see not just "the current price is X" but "there are 10 lots at X, 25 lots at X+0.1, and 15 lots at X+0.2." This matters for scalpers and short-term traders who need to know how easily an order will fill at a target price before placing it.
Deriv P2P
Deriv P2P is a peer-to-peer payment app available on iOS and Android, built for depositing and withdrawing funds in local currencies through over 100 regional payment methods. It connects traders directly with local exchange counterparts in markets where standard banking is slow, limited, or expensive.
The app supports bank transfers, e-wallets, and regional payment options, with in-app chat for direct messaging between buyer and seller. Note that Deriv P2P has no trading functionality โ it is a funding tool only.
Conclusion
The right Deriv app comes down to one question: what does the trader plan to trade?
For regulated CFD trading โ forex, stock indices, commodities โ the correct download is MT5 or cTrader. MT5 is the more widely supported option; cTrader is better for traders who want copy trading and a cleaner interface. For Deriv's proprietary options products, Deriv GO is the dedicated app โ but traders should understand that synthetic indices, Deriv GO's primary instruments, are RNG-generated products with a built-in house edge.