To enable automated trading directly from the MetaTrader platform, some Forex brokers provide access to MQL signals。What advantages can you get from such brokers？

Automated trading signals are a useful trading tool that refers to a set of trading setup information that is essentially derived from certain market analysis techniques.。This information is usually passed in automated platforms, so users can get information in real time so they don't miss out on trading opportunities.。

Many traders like to use this service because market analysis can sometimes be complicated, especially when volatility is high。With trading signals, traders can trade and predict price movements more easily。In addition, signals are usually analyzed by a trusted party, who can be a professional company or signal provider with a good track record in Forex trading.。

Today, traders are more interested in using automated trading signal services。The Internet has accelerated the entire process of forex trading and traders need to be constantly updated on market conditions。In this case, trading signals services can help traders monitor trends immediately without wasting a lot of time analyzing charts。

For traders with busy schedules or multiple active trading accounts, the automatic signal service is really practical and efficient。Traders can choose whether to use signals for automated, documentary or social trading。Some well-known signal providers include Myfxbook, eToro, and ZuluTrade, which can bring together signal providers and followers; some of these providers offer paid services and some are free to use。

However, did you know that you can get automated trading signals without switching between platforms？Yes, you can enjoy this service through MetaTrader, the most widely used platform in Forex trading。

Specifically, automated trading signal services are called MetaTrader trading signals or MQL signals.。Some of the advantages of using this service include:

• You do not need to install additional applications or software on your device as it is included in the MetaTrader trading platform。
  The service can be integrated to all MetaTrader users worldwide, regardless of the broker。
  No additional commission except for the signal provider's subscription fee。
  Latency is minimal because trading is proprietary to MetaTrader users。
  Risk management will follow the provider's rules。If there is a difference in the deposit amount, the system can automatically adjust。
  The signal provider does not intervene as all trades are automatically followed and executed。
  Support Expert Advisor (EA)。

MQL signals are not only practical, they can also help traders further improve their trading skills and increase profitability. Here we list the Forex brokers that support MQL signals。

1. XM

XM was founded in 2009 as a company called Trading Point of Financial Instruments Ltd..A member of an online brokerage firm。To serve customers worldwide, the company has split into XM Australia and XM Global, as well as XM Cyprus。Each member has a different head office and license, XM Australia is registered under the Australian Securities and Investments Commission (reference number: 443670), XM Worldwide is registered under the International Financial Services Commission (60 / 354 / TS / 19), and XM Cyprus is registered under the Cyprus Securities and Exchange Commission (reference number: 120 / 10).。

XM is one of the more experienced brokers in today's online forex trading world。Since its inception, the broker has undergone many changes, including the addition of an ultra-low account and webinar function, which supports 19 different languages with 35 local instructors in each language。

In terms of trading instruments,XM is known for its diversity of asset providers, ranging from Forex, commodities, CFDs for equity indices, precious metals, energy, to equities。XM prides itself on being the ideal broker to execute trades, providing a statistic that 99.35% of orders executed in less than a second。Trading at XM also offers a strict no-re-quote policy, no virtual trader plug-ins, no rejection of orders, real-time market execution, and the option for traders to place orders online or over the phone.。

在在Spreads across all major currency pairs can be as low as 0 in an Ultra-Low account.6 points, while the spread of other accounts usually starts at 1 point。XM chose to limit their leverage to a scale of 1: 888, rather than offering a maximum leverage of 1: 500 or 1: 1000 (whole numbers), a unique number now widely recognized as a trademark of XM.。

In order to protect the client's funds in the case of extreme volatility,XM provides negative balance protection for each type of account。Deposits for micro and standard accounts start at $5, while Ultra-Low accounts require a minimum deposit of $50。Traders who open an account at XM can get conditions similar to a penny account environment in a micro-account, where each lot has a contract size of only 1,000 units.。If you use the smallest number of lots on the MetaTrader platform, which is 0.01 lots, then the trader can trade only 10 units per trade。

For deposits,XM applies zero-fee deposits in most of its available payment methods。Traders can choose to deposit and withdraw money by wire transfer, credit card, and the most popular electronic payment options such as Skrill, Neteller, and FasaPay.。

XM also provides Islamic accounts for Muslim traders who comply with Sharia law that prohibits the use of interest-bearing overnight swaps for each currency pair.。In order to provide their customers with the best trading experience, XM has opened access to MT4 and MT5 platforms, each with more than 6 display formats (PC, Mac, Multiterminal, WebTrader, iPad, iPhone, Android and Android tablets).。

In general, there is no doubt,XM has gone global, with its deep commitment to providing trading services worldwide available in more than 15 languages.。In addition to simplifying the trader's experience through mainstream trading platforms and high-quality trade execution, XM is open to all types of traders, from small capital traders to preparing large deposits. More experienced traders.。Even a penny trading environment for traders if they choose to register under a micro account。

for their global approach,XM has ensured that traders from various countries can easily access their services.。This has resulted in different domain names for traders in specific jurisdictions。

XM is one of the world's top brokers providing automated trading signals services for MetaTrader users. They provide service details in the form of information guides, so you don't have to worry about not knowing where to start when using signals for the first time。If you want to try this service, just open a trading account at XM and install the trading platform。MQL signals are available for MetaTrader 4 and MetaTrader 5, so you can choose the most suitable signal。

2. Grand Capital

At first glance, the signals provided by Grand Capital may seem unique because it is a social trading program for MetaQuotes。But in fact, its concept and application are very similar to other MQL signaling services。Even so, brokers claim that the program can offer additional advantages such as:

• It's easier than PAMM
  It's more effective than a trading course
  It's more reliable than speculative news
  It is more extensive and connects all MetaTrader users

Like XM, Grand Capital provides an information guide on service registration for those interested in becoming a signal provider or follower.。The broker also displays the top 10 automated trading signals on its official website to help traders choose the best provider.。To activate automated trading signals in MetaTrader, you simply register and open an account, then fund your account according to the minimum required deposit。

3. Alpari

Alpari International, one of the largest Forex brands, strives to ensure that traders make the best trading and investment decisions。Alpari was founded on December 24, 1998, by a small group of people who wanted to start a financial business in one of the most economically unstable years in Russian history.。

In 20 years of experience in the Forex industry, approximately 2 million traders have chosen Alpari as a broker to trade with.。Alpari is headquartered at 5th Floor, 355 NEX Tower, Rue du Savoir, Cybercity, Ebene 72201, Mauritius。The company is regulated in Saint Vincent and the Grenadines (license number 20389 IBC 2012), Belize IFSC (license number IFSC / 60 / 301 / TS / 18)。

The broker uses MetaTrader 4 and MetaTrader 5, both of which offer great flexibility, charting tools and an easy-to-use interface。To boost trading volumes, the company also offers the Alpari International Direct platform, which offers enhanced features for senior investors.。

The company offers a range of real trading accounts to choose from.。Each offers different opportunities and allows traders to trade in different ways。All their accounts use USD, EUR, GBP and NGN as base currency options。However, NGN accounts are only available to customers in Nigeria。

Each account has a different spread, with standard accounts offering spreads from 1.2, the spread of micro-accounts from 1.7, ECN accounts and professional accounts spread from 0.4。Traders can open an account in Alpari and choose to trade currencies (forex major currencies, forex minor currencies, forex exotic currencies and forex rubles), spot metals, spot commodities, stock trading, spot indices and cryptocurrencies。

Traders can know the minimum spreads, pips, swaps and trading time periods for each instrument before starting trading.。If traders are still not sure where to start, they can find the answer in the guide available on the official Alpari website。

Their trading guides are designed to break down terms and answer traders "most common questions。Traders will soon be able to trade faster and with more confidence。

Alpari also offers PAMM (Percentage Allocation Management Module), which allows traders to select the account manager they want.。This gives traders the opportunity to make more profit without advanced knowledge of forex trading, managers often have extensive market experience with tried and tested strategic trading decisions。

The program also offers experienced traders the opportunity to become forex master traders。As forex master traders, they can use their trading experience to earn more from profitable trades, have access to Alpari's premium projects and all the tools needed to train a large number of investors。Investors will then help forex master traders earn more with commissions of up to 40%。

Their website also offers a variety of forex trading strategies。In order to increase the chances of profit, it is important to know as much as possible about the market and the trading strategies behind it。Alpari believes that strategies provide traders with a roadmap for trading, reducing the panic decisions that can occur on the spur of the moment。In other words, trading at Alpari allows traders to understand any type of forex trading strategy。

For educational purposes, the company offers trading webinars, a variant of technology that allows users to host seminars, talk shows and discussions online without having to meet face-to-face.。

Alpari creates a very convenient money and withdrawal experience for every trader。Traders can transfer money by any means, such as electronic payments (e.g., FasaPay, local transfers, TC Payment, etc.), credit cards (Visa, Mastercard, and Maestro), e-wallets (Neteller, Skrill, VLOAD, TC Pay wallets, WebMoney, Perfectmoney, Bitcoin), and bank transfers。An inactivity fee of €5 / USD / GBP will be charged if there has been no trading activity in the trader's account for at least 6 months。

All background transfers are processed during standard business hours, Monday to Friday 03: 00 - 19: 00 GMT + 2 (GMT + 3 during daylight saving time)。If traders are still confused, they can contact Alpari's team by any means, such as live chat, telegram or email。

As a globally recognized broker, Alpari also offers its clients MetaTrader automated trading signals。Alpari has the most detailed signal provider ranking information on its website compared to the aforementioned brokers。In addition to not being limited to the top 10, Alpari also ranks them based on net worth, profit points, account growth rate, account length, leverage, and EA usage。In addition, the broker provides tips on how to choose the best signal, including signal-based ratings, best conditions, warnings, sorting and filtering, etc.。

4. JustForex

In order to make it easier for new traders, JustForex provides an infographic guide on the registration of automatic signal trading services in the members area。Interestingly, the broker advertises signals to make a profit in Forex trading that can help traders succeed without having to gain years of experience。So JustForex only allows traders to register as signal followers or subscribers, which is quite reasonable as the service seems more suitable for beginners。

5. RoboForex

RoboForex is known as one of the most committed brokers to the advancement of trading technology, with a wide range of services, from beginners to experienced traders who seek a complex trading environment with similar ECN spreads and execution。Founded in 2009 and headquartered in Belize, RoboForex is registered under the Belize IFSC and successfully attracts customers with a leverage ratio of up to 1: 2000.。

As for services for European traders, RoboForex operates exclusively a different brand called RoboMarkets, which is still a member of the head office (Robo Holding Company) and has an office in Cyprus.。The business is licensed by the Cyprus Securities and Exchange Commission (CySEC)。

RoboForex is committed to being at the forefront of high-tech forex brokers, offering a variety of trading platform options including MetaTrader 4, MetaTrader 5, cTrader, social platforms and its proprietary platforms。

Trading instruments range from currencies to metals, indices, energy, stocks, ETFs and cryptocurrencies。In addition to basic services, RoboForex trading also presents a series of unique features, such as the PAMM system and the social trading network developed under its own brand CopyFX, ETFs and stocks, with thousands of available trading assets, small spreads, and payment methods via Bitcoin and Ethereum.。

In addition to wire transfers and credit cards, RoboForex accepts payments through a surprising online gateway。Alternatives are Skrill, Neteller, FasaPay, UnionPay, WebMoney, Perfect Money, Qiwi and other similar online payments。

After opening an account, traders can start with a minimum deposit as low as $10 in a professional account。To be specific, here is a short description of each type of account a trader can choose in RoboForex:

Pro-Standard

• Minimum deposit: $10
  Spread: 1.From 3 o'clock
  Minimum order quantity: 0.01
  Leverage: up to 1: 2000

ECN-Pro

• Minimum deposit: $10
  Spread: from 0 o'clock
  Minimum order quantity: 0.01
  Leverage: up to 1: 300

Prime

• Minimum deposit: $5,000
  Spread: from 0 o'clock
  Minimum order quantity: 0.01
  Leverage: up to 1: 100

Pro-Cent

• Minimum deposit: $10
  Spread: 1.From 3 o'clock
  Minimum order quantity: 0.1
  Leverage: up to 1: 2000

R Trader

• Minimum deposit: $100
  Spread: 0.From $01
  Minimum order quantity: 1 stock
  Leverage: up to 1: 200 (during the trading session) and up to 1: 4 (after the trading session)

The R Trader account marks RoboForex's attempt to distinguish between forex and stock trading conditions。The platform used in this particular account appears to be an internal product of RoboForex, designed for online trading of stocks.。

Despite being an offshore regulatory entity, RoboForex is an outstanding broker。RoboForex not only successfully offers a variety of trading techniques, but also focuses on stock trading for more conservative traders.。However, it is also important to note that RoboForex is one of the few brokers that boldly offers extremely high leverage ratios of 1: 2000.。

For the past few years, RoboForex has been recognized as a reliable broker offering automated trading signals services for MetaTrader 4 and MetaTrader 5.。At RoboForex, the service is included in CopyFX, an internal documentary trading service of RoboForex itself.。So basically, MQL5 trading signals are just a supplement to the preferred documentary trading function。According to the broker, these signals can be a useful addition to CopyFX because it is more efficient, user-friendly, and does not require an additional platform。

6. FXTM

Originally launched in 2011, FXTM's unique vision is to offer unparalleled superior trading conditions.。Opening an account with FXTM also gives you access to advanced education and advanced trading tools in the Forex industry。

FXTM is now registered with the UK Financial Conduct Authority with registration number 600475, the company is also regulated by the Cyprus Securities and Exchange Commission with CIF licence number 185 / 12 and licensed by the South African Financial Conduct Authority (FSCA) with FSP number 46614.。

FXTM has 1 million registered accounts and more traders join every day。The company continues to strive to improve its performance and has won many awards such as the World Finance Award for Best Trading Experience 2019, the International Finance Award for Best Online Forex Trading Company in Nigeria 2018, the Hexun 2018 Reputable Investor Education Forex Broker Award, Fxeye.Com 2018 China Foreign Exchange Brand Award, etc.。

As a responsible broker, FXTM determines leverage (expressed as a ratio of trade size relative to the trader's purchasing power) based on the trader's trading knowledge and experience level, and evaluates it through an appropriateness assessment. It also supports leveraged trades up to 1: 1000。

As for spreads, FXTM offers 0.The low spread from 1 o'clock, so traders can withdraw profits at the beginning of the trade。With headquarters in several countries, the company uses No Trading Desk (NDD) technology and works with reliable liquidity providers to deliver the best bid and ask prices.。

For beginners, there is an automated trading tool called algorithmic trading。Traders can develop their own trading strategies or adopt the strategies of other traders when trading at FXTM。In addition, the strategy is also applied to automated trading systems, such as smart trading systems, so that traders don't have to worry about losing opportunities without observing the market and still make profits。

Three types of ECN accounts using MT4 and MT5 trading platforms。There are also mobile and tablet app trading platforms。In addition to offering multiple account variants, FXTM also makes every effort to ensure that customers receive the excellent support they deserve, so that their trading experience is optimal and user-friendly。

FXTM also offers a variety of products, in addition to more than 50 foreign currencies, gold, silver, commodity futures (oil) CFDs, ETF CFDs and indices.。

The broker also provides education on basic concepts of the forex industry。Traders can read all the concepts offered in the form of e-books, video tutorials, articles, webinars and forex seminars。The FXTM website is available in 17 languages for traders to understand Forex。

Traders can also choose from a variety of payment methods, including credit cards (Visa, Mastercard, Maestro) and e-wallets (Neteller, Skrill, Western Union)。For withdrawal of funds, traders do not have to pay a fee of 2 hours to 2 days。Traders can ask further questions via live chat and contact the administrator via email, FXTM has a question and answer page on Forex trading。

Like RoboForex, FXTM's automated trading signals are part of its documentary trading service。To become a follower, you must follow the instructions on the official FXTM website。Before selecting a provider to follow, you can view the ratings of the top signal providers displayed next to the "Subscribe" button。

FXTM does not incur any additional commissions, so you only need to pay the subscription fee to the provider。What's more, FXTM also offers a free VPS service for registered followers, a feature that is explicitly offered to EA users。

7. FIBO

International Financial Holdings, officially known as FIBO Group (Financial Cross-Market Brokerage Online Group), is a brokerage firm that has provided online trading services since 1998.。With a mission to always meet the highest international standards, FIBO is currently regulated by the UK Financial Services Commission, the Virgin Islands and the Cyprus Securities and Exchange Commission (CySEC).。

The company offers different types of trading accounts, with a minimum deposit of $50 for FIBOGroup accounts, except for cent accounts and MT5 NDD.。Note that the MT5 NDD requires a minimum deposit of $1000。Although the MT4 fixed account offers a fixed spread from 2 points, trading in FIBOGroup allows traders to enjoy variable spreads。

Meanwhile, FIBOGroup's average maximum leverage is 1: 400。The only difference between the two types of accounts is the maximum leverage standard: 1: 1000 for cent accounts and 1: 200 for MT4 fixed accounts.。

FIBOGroup provides comprehensive market analysis, including long-term forecasts, economic calendars, interest rates, financial instruments and equities。

The company also has a proprietary PAMM function that allows professional traders to become account managers with a profit-sharing system.。New traders who open an account at FIBO can benefit from PAMM by following their preferred account manager。For this special function, FIBOGroup provides a special function of the manager rating table。

Since its inception in the late 1990s, FIBOGroup has gained global recognition with official branches in Vienna, Limassol, Munich, Shanghai, Kiev, Limassol and Almaty.。Deposit and withdrawal options include wire transfer, credit card, BitPay, Blockchain, Neteller, Skrill, Perfect Money, FasaPay and more。

In summary, FIBO Group is an experienced broker for adventurous traders who like to try a variety of trading conditions: from variable spreads to fixed spreads, from MT4 to cTrader, from low leverage to high leverage, from independent trading to PAMM trading。Their low deposit requirements also suggest that FIBO is open to all types of traders, regardless of the amount of their funds.。

In FIBO, automated trading signals are classified as part of automated trading services。The broker not only provides detailed instructions on how to use the signals, but also explains possible problems with automated trading signals and suggested solutions。FIBO has compiled provider ratings in a more detailed format so that traders can weigh options more thoroughly。In addition, the ranking of MetaTrader 4 and MetaTrader 5 signals is displayed separately, so it is more comprehensive for traders using these two platforms。

8. NordFX

NordFX is an online forex and CFD brokerage company operating in Vanuatu that follows the norms of the country's forex brokers, NordFX is registered with the Vanuatu Financial Services Commission (VFSC)。Although less popular as an offshore destination than Cyprus, Vanuatu remains one of the leading offshore jurisdictions for retail online brokers.。

One of the main advantages of opening a trading account at NordFX is the simplicity of trade registration and the flexibility of trading conditions, which to some extent offset the negative effects of offshore brokers, which worry most traders with large deposits。

As for NordFX, the maximum leverage provided is up to 1: 1000, allowing traders to realize big dreams with small funds (with a strict trading floor and psychology)。The tools available are dozens of forex pairs, commodity-based CFDs and index-based CFDs, allowing traders to participate not only in the currency market, but also in the stock index, precious metals and oil markets.。

Compared to other forex brokers with similar credit levels, NordFX's spread policy is quite generous, with a spread of 0 for professional and zero accounts, respectively.9 and 0.0 point。However, the Fix account has a spread of 2 pips because the account is best for small traders with a minimum deposit of only $10.。

Here are the basic specifications for each account type in NordFX:

Fix Account

• Minimum deposit: $10
  Spread: from 2 o'clock
  Leverage: up to 1: 1000
  Account balances: USD, Ether and Bitcoin
  Quotation accuracy: 4
  Commission: None

Pro Account

• Minimum deposit: $250
  Spread: 0.From 9 o'clock
  Leverage: up to 1: 1000
  Account balances: USD, Ether and Bitcoin
  Quotation accuracy: 5
  Commission: None

Zero Account

• Minimum deposit: $500
  Spread: 0.From 0 o'clock
  Leverage: up to 1: 1000
  Account balances: USD, Ether and Bitcoin
  Quotation accuracy: 4
  Commission: 0 per transaction.0035% (per party)

For platform selection, NordFX trading allows MetaTrader 4 and MetaTrader 5; all available for desktop and mobile interfaces。This is a sign that brokers are taking the initiative to keep up with the current trend, as MetaTrader 5 is starting to win followers, while MetaTrader 4 is being retained for the convenience of its loyal users.。Both offer a large selection of EA trading, custom indicators, and strategy providers in their built-in mirror trading capabilities。

It's no surprise that NordFX accepts payments from virtually every popular online method among retail traders worldwide, including bank transfers, Visa, MasterCard, WebMoney, Skrill, Neteller, Perfect Money, Qiwi, and more。However, NordFX has not yet accepted payments made through cryptocurrency wallets, although the broker has started promoting digital assets as its latest recommended trading tool.。

All in all, NordFX will inevitably give the impression of an offshore forex broker。However, it is still highly competitive and is considered the ideal zero spread condition for traders and the broker of choice for flexible leverage.。Since easy trading conditions usually coexist with a high-risk trading environment, it is also important to implement careful measurement in all aspects when calculating money management and risk management with NordFX。

NordFX allows its customers to register for MQL5 services as followers or providers。Although this broker does not offer signal ratings like other brokers, it has the unique advantage that demo account users can access the MQL5 service。With this tool, traders can test signal performance without risking any money。However, although both MetaTrader 4 and MetaTrader 5 can access these signals, a trading account can only subscribe to one automated trading signal.。

9. Weltrade

In addition to providing access to the ZuluTrade platform, Weltrade also supports trading signals for MetaTrader。According to the official website of the broker, you can get automated trading signals from experienced traders suitable for MetaTrader 4 and MetaTrader 5, the credibility of which has been proven by daily updated statistics and tracking records。However, Weltrade only provides access to automated trading signals on live accounts and does not provide the best signal ratings.。Therefore, to avoid the risk of major losses, you need to carefully choose the best signal。

10. HotForex

Compared to previous brokers, HotForex offers a fairly wide range of automated trading signal options, including paid and free signal options, and brokers also guarantee that trading is slippery and uses market execution mode。It is important to consider that there is only one trading account that can be used for automated trading signals services, and that is an automated account; each account can only subscribe to one trading signal, but each trader can have multiple automated accounts。Therefore, in this broker, the possibility of using multiple trading signals is almost zero。

Conclusion

Based on the above explanation, you may think that automated trading signals are more suitable for beginners because it can analyze market conditions in real time and automatically execute orders when certain conditions are met。But in reality, that's not always the case。First, choosing a profitable signal provider is not easy。

As a trader, it is important to understand which signals are useful and which providers are reliable。If a trader has used an automatic signal from one of the best signal providers, it still does not guarantee huge profits or they can immediately become an expert。In order to be successful, traders need to understand basic trading skills and keep improving them。

If you are a beginner and want to try this service, be extra careful when choosing a signal。At the same time, you also need to continue to learn foreign exchange trading, gain more market experience。If automated trading signals are the first step that can help you, start trading with a broker that provides MQL signals。