Clients of ForexTime (FXTM
), the Cyprus-based Forex and CFD broker, are now able to make use of all of the advantages of the MQL5 community. Clients of the broker who trade on the popular Metatrader 4 (MT4
) and Metatrader 5 (MT5
) platforms, can now tap the vast amount of MQL5 resources and become a part of a community which currently has 84,000 active subscribers.
Let me remind you that MQL5 is not simply a programming language but also a social Forex trading network that allows its members to pick successful traders, whose signals to copy. What makes the network so trustworthy is the fact that signal providers (SPs) pass careful selection process: to offer your signal to others you need to pass a sort of an exam, where you need to complete at least 5 trades per month with a win rate of more than 70%. All MQL5 participants may select amid a wide variety of signals, some of which are free and some are paid, with the size of the commission determined by signal providers.
But this is not the end of all of the functionalities of MQL5 – one can use expert advisors and build proprietary ones in the designated programming language. There is also a job forum and a vast area of trading advice and tips.
If you're eager to explore the possibilities of MQL5, just open your MT4/MT5 platform and click on “Signals” at the bottom of the screen. You can also access the network through the MQL5 website, if you simply register an account.
FXTM's move is in tune with efforts by other FX brokers like ThinkForex
and MIG Bank
, which have also sought to offer their clients signal copying services on Metatrader 4 (MT4). Apparently, the industry's favorite child is not losing its appeal to traders.
Led by Mr Andrey Dashin, founder of Alpari, ForexTime Ltd is committed to providing the tools and support to ensure maximum performance for traders. ForexTime Ltd will offer trading and other investment services in Forex, commodities, precious metals, shares, indices and other financial instruments.
ForexTime Ltd has been granted a license as a Cyprus Investment Firm (CIF) by the Cyprus Securities and Exchange Commission (CySEC), license number 185/12.