I’m thinking of being a signal provider on MQL5 but a quick google shows a lot of bad reviews of MQL5. We have plenty of bad reviews at Trustpilot and more at FPA.
I’m wondering if there are anyone who have successfully managed to do any withdrawals? From the reviews above, it seems like no one has managed to extract a single cent from MQL5.
Also, I see the signals community as kinda fishy. For instance, some of the signal providers have inflated ROIs, done via subsequent deposits. I’m not sure why MQL5, supposedly an elite coding community, still have not rectify this basic mathematics?
I’m also quite sure they might have faked some of these providers. It doesn’t make any sense that people are returning over 1000% over a period of 5 years (great ROI with long trading history) but only selling their signals for USD 30 a month and still not getting subscribers.
Is it even possible to get a following on MQL5 and derive some real income out of it?
Alternatively, do we have alternatives to this? I know there’s Zulutrade, eToro and Darwinex but they either do not support Pepperstone or they require a completely new sign-up/opening of account (Darwinex).