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Copy Trading

1. What is Copy Trading?

Copy Trading is a Signals service made available through MetaQuotes and specifically through the MQL5 community.

Copy Trading, as the name implies, is the copying of the trades of another trader into your own account. This service is meant to be mutually beneficial for both the Signal Provider and Signal Subscriber as the Provider charges a fee for his services and the Subscriber gets to mirror the trades of traders who are possibly more experienced.

More information regarding MQL5, signals and the community forum can be found on MQL5.com which is the official website for this service.

2. Can anyone use it?
Yes, anyone can register for Copy Trading.
3. How can I register as a signal subscriber?

If you are interested in our Copy Trading Service, please visit our Signal Subscribers page.

If you already have an account with FXTM, you can follow the steps below to get started:

  1. Login to MyFXTM
  2. Click the Copy Trading button on your Trader’s Desktop 
  3. If you are new to MQL5 you must first register for an account 
  4. If you already have an MQL5 account, just connect your MQL5.com account to MyFXTM by typing your MQL5 login and password and then click Bind.
  5. You will then be presented with a choice of free trading signals that you can subscribe to. 
4. How can I subscribe to paid signals?

To subscribe to a signal with a monthly fee, you must first fund your MQL5 account. Please follow the steps below to do so:

  1. Login to MQL5.com
  2. Go to your Profile (Click on your username on the top right)
  3. Select Payments on the left sidebar
  4. Click Deposit to Account 
  5. Select the Payment provider of your choice and follow the instructions 
5. How much does it cost to subscribe to a signal?

It depends on the Signal Provider. Each Signal Provider can set his own fee. That being said, you should be able to find a wide choice of signals that are free of charge.

For paid Signals:

  • The subscription period is weekly of monthly 
  • The required amount for the entire subscription period will be frozen on the Subscriber’s account. 
  • A typical fee for a paid signal is 20 credits per month. 1 Credit = 1 dollar.
6. How can I become a Signal Provider?

To register as a Signal Provider, please follow the steps below:

  1. Register for an account on www.mql5.com 
  2. Go to your Profile (Click on your username on the top right)
  3. Select Seller on the left sidebar
  4. Click the Register link in the first paragraph and follow the instructions
  5. When approved you will receive the following message: “You have been successfully approved as Seller on MQL5.com”
  6. Now you can go to the Signals page and click "Create your own signal". 
  7. Fill in the form specifying the details of your new signal in the new window 
7. Can I see detailed statistics on how successful a Signal Provider is?
Yes, you can. Click on a signal in the Signals page to find all historical information regarding this signal, including growth, instruments traded, slippage and reviews.
8. Does the Signal Provider know I am following them?

No, he does not.

Signal Providers can only see the total number of signal subscribers that are currently following their signals.

9. How can I limit the amount I am willing to trade or invest as a Signal Subscriber?
There is a money management feature in MQL5 which allows you to control the trading volume and the amount you are willing to trade by selecting your own limits.
10. What happens if I did not set any limits?

Trades will not be synchronized with your Signal Provider’s account.

Please note that it is your responsibility to set the limits on your account.

11. Who provides the Copy Trading service?
The provider of the Copy Trading service is MetaQuotes Software Corporation.
12. I have a problem with Copy Trading, who do I contact?

If you have any enquiries regarding the signal service you can contact MQL5 directly or leave a message on the MQL5 community forum which is specifically design to provide assistance.

Alternatively, you can also Contact us

13. How many Signal Providers should I trade with?
You can subscribe to as many Signal Providers as you wish. Each provider however, is considered as a separate trading account.
14. What do Signal Providers do?
Signal Providers trade on their trading account as usual. If a Signal Subscriber selects a Signal Provider, the positions opened by the Signal Provider will be automatically copied to the Signal Subscriber’s account.
15. Does a Signal Subscriber need to have his MT4/MT5 Terminal open in order to copy trades?
Signal Providers trade on their trading account as usual. If a Signal Subscriber selects a Signal Provider, the positions opened by the Signal Provider will be automatically copied to the Signal Subscriber’s account.