Automated Trading, Strategy Testing and Optimization Articles

MQL5.community Payment System [ru]

MetaQuotes | 6 July, 2011

Introduction

Internal payment system was initially created in MQL5.community for convenient settling with authors of Articles. Not "reinventing the wheel", MQL5.community integrated the popular electronic payment system WebMoney. Credits are used as the currency unit.

But the life of our community is not standing still. The Jobs service is growing fast, in the near future the Market service will become fully functional. Also we expect to launch the "Signals" service allowing to sell trade signals. In addition, another popular payment system PayPal has been added to the Payments service.

All this is due to commodity-money relations between users, some of which are sellers, and others are customers. At MQL5.community the following services either exist or planned:

• Jobs - Meeting point for traders and MQL4/MQL5 developers.
• Market - MQL5 programs shop.
• Signals - Selling trade signals at a subscription fee with monitoring trade results by this strategy.
• MQL5 Cloud Network - Buying and selling free computational power of Strategy Tester agents to organize distributed computing.

Sellers are: developers in the Jobs service, authors of Articles, sellers in the Market, Signals and MQL5 Cloud services. And buyers are: customers in the Jobs service, MetaQuotes Software Corp. in the Articles service, customers in the Market, Signals and MQL5 Cloud services.

In this article we will thoroughly discuss all the issues related to the MQL5.community payment system. You'll learn how to deposit and withdraw money from system, learn about security of operations, and discover different ways of earning and spending at MQL5.community.

1. Security of Operations
2. Deposit via WebMoney
3. Deposit via PayPal
4. Deposit Using Bank Card via Gate2Shop
5. Withdraw via WebMoney
6. Withdraw via PayPal
7. How to Earn at MQL5.community
8. How to Spend at MQL5.community

Security of Operations

Everyone knows that any actions with real money have to be secure. MetaQuotes Software Corp. is concerned about the safety of MQL5.community users, so that all operations in user profile (including payments) are carried out using a secure connection to the https://login.mql5.com domain over the SSL protocol. This domain name is secured by Thawte certificate.

All critical operations are confirmed by SMS received to the mobile phone number, specified in the "Security" section of your profile. When you save mobile number in your profile, it is confirmed by a verification code sent via SMS. Valid mobile phone number is the prerequisite for withdrawing money from the MQL5.community payment system!

Limited withdrawal is another level of security. You can withdraw only once per 24 hours and no more than 500 credits.

Deposit via WebMoney

WebMoney is the international electronic payment system working since 1997. You can find detailed information on how to register in the system, create Z-purse (US dollar equivalent) and deposit it in the reference materials of this resource. We will not dwell on these stages, mentioning only the most necessary.

To deposit to MQL5.community via WebMoney you need a Z-purse with enough money with regard to commission.

Consider example of depositing at MQL5.community via WebMoney.

1. Log in to MQL5.community, open your "Profile" and go to "Payments" section.

2. In menu of this section select "Deposit to account".

3. From available options select "Deposit via WebMoney".

4. Next you are offered two ways of depositing your account.

• Automatic deposit to your account. This is the most quick and convenient way. Specify the amount (with regard to 0.8% commission) you want to deposit to your MQL5.community account, then click "Deposit to account". Confirm the desired amount, and then the standard WebMoney Wizard will open, where you have to select the payment method and to confirm the money transfer. With automatic depositing money are transfered instantly.
• Manual deposit to your account. If for any reason you have difficulties with automatic depositing, you can do it manually. To do this, send the desired amount to Z-purse Z451440065600 any way you like. In the payment comment you must specify the text string with code unique for your account, for example: #6724352 - MQL5 deposit account. Z-purse number and comment with unique code - these are two key parameters used to processed your transfer by robot within one hour.

5. Verify successful money transfer by opening your "Profile" and then the "Payments" section. Current balance will be displayed on the right side of the section menu.

The "Payments" section will always offer your complete payments history (date, number and type of operation, the sender, recipient and amount). As for deposit, the sender will be robot-user mql5_webmoney, and the recipient - your www.mql5.com login. The amount will be displayed in blue.

6. Now you can spend available funds on your own. Read more about this later in the How to Spend at MQL5.community section of this article.

Deposit via PayPal

PayPal is the largest electronic payment system in the world. It is easy to use and has a high level of transactions security.

To deposit to MQL5.community via PayPal you need to register in PayPal and bind your account to either Visa or MasterCard plastic card. Learn more about these procedures in PayPal Help Center.

You should have enough money on your bank account with regard to commission. Conversion of your bank account currency into U.S. dollars is performed automatically according to bank's rate.

Since PayPal charges commission only the payee (represented by robot-user mql5_paypal at MQL5.community), it actually means that commission will be deducted from money you deposit to your MQL5.community account. You can find more information about PayPal commission size in the Fees section of PayPal User Agreement. For convenient calculation of commission you can also use third-party service PayPal Free Calculator.

Consider example of depositing at MQL5.community via PayPal.

1. Log in to MQL5.community, open your "Profile" and go to "Payments" section.

2. In menu of this section select "Deposit to account".

3. From available options select "Deposit via PayPal".

4. Specify the amount (with regard to commission) you want to deposit, then click "Deposit to account". In the standard PayPal wizard you must authorize and confirm the debiting from your bank account. With automatic deposit money are transfered instantly.

5. Verify successful money transfer by opening your "Profile" and then the "Payments" section. In contrast to WebMoney, for the deposit via PayPal operation the mql5_paypal robot user will be used as the sender. The type of operation also will vary - here you will see your e-mail address used to log in to PayPal.

Deposit Using Bank Card via Gate2Shop

The Gate2Shop payment system allows you to deposit your MQL5.commmunity account using well known credit and debit cards issued by various payment systems (Visa, MasterCard, American Express, Maestro, Discover Network, Diners Club, JCB, UnionPay and other). This is the simplest and most familiar method of payment on the Internet, which does not require any additional registrations or accounts.

Consider example of depositing at MQL5.community via Gate2Shop system.

1. Log in to MQL5.community, open your "Profile" and go to "Payments" section.

2. In menu of this section select "Deposit to account".

3. From available options select bank card.

4. Specify the amount in US dollars you want to deposit, then confirm your payment. After that you are redirected to secure Gate2Shop page, where you have to specify your details and your card data. Confirm charging your bank account. In case of successful transaction money are transfered instantly.

5. Verify successful money transfer by opening your "Profile" and then the "Payments" section. For this type of operation the mql5_gate2shop robot user will be used as the sender. The Operation column will contain the last 4 digits of your bank card number.

Withdraw via WebMoney

Consider example of withdrawing from MQL5.community via WebMoney.

1. Log in to MQL5.community, open your "Profile" and go to "Payments" section.

2. In menu of this section select "Withdraw from account".

3. Next among the options select "Withdraw via WebMoney".

4. Specify the amount to withdraw (with regard to 0,8% commission) and Z-purse to which you want to transfer money, then click "Withdraw."

5. Confirm the withdrawal with code, that you will receive as SMS on your mobile phone number specified in your profile. In payments history your Z-purse will be indicated in operation type, the sender will be your www.mql5.com login, and the recipient - robot-user mql5_webmoney. The amount will be displayed in red.

Attention! SMS confirmation is required only for each new Z-purse. All Z-purses, to which you've successfully withdrawn money, become trusted. Also the first Z-purse, from which you have deposited money to your account, becomes trusted. To withdraw from a trusted Z-purse, specify the amount and select Z-purse from the drop-down list. SMS confirmation is not required in this case.

Withdraw via PayPal

Remember, that withdrawing from MQL5.community payment system is limited (see the Security of Operations section). Currently receiving money via PayPal is not supported for all countries. Be sure to check this out on PayPal website.

Consider example of withdrawing from MQL5.community via PayPal.

1. Log in to MQL5.community, open your "Profile" and go to "Payments" section.

2. In menu of this section select "Withdraw from account".

3. From available options select "Withdraw via PayPal".

4. Specify the amount to withdraw (with regard to 2% commission) and your e-mail you're using to authorize in PayPay, then click "Withdraw."

5. Confirm the withdrawal with code, that you will receive as SMS on your mobile phone number specified in your profile. In payments history your PayPal account will be indicated in operation type, the sender will be your www.mql5.com login, and the recipient - robot-user mql5_paypal. The amount will be displayed in red.

Attention! SMS confirmation is required only for each new PayPal account. All PayPal accounts, to which you've successfully withdrawn money, become trusted. Also the first PayPal account, from which you have deposited money to your account, becomes trusted. To withdraw from a trusted PayPal account, specify the amount and select PayPal login from the drop-down list. SMS confirmation is not required in this case.

How to Earn at MQL5.community

You can increase your balance at MQL5.community account not only by depositing, but also by doing some work! The following services are available for this purpose.

• Jobs. If you are MQL5 developer and feel yourself able to write and sell MQL5 programs, you can find a job on a competitive basis in the Jobs section. This service is completely safe for both sides. The customer and the programmer are secured from each other's unfair actions throughout the whole period of joint work. And in case of any disputable situation MetaQuotes Software Corp. is ready to assume the role of the Arbitrator.
  
  
• Articles. With your own initiative as well as commissioned by MetaQuotes Software Corp., you can become an author of articles on various subjects related to MQL5 programming language and automated trading systems. Articles fees start at 200 credits, and the final cost depends on how your article will attract interest of community members, according to editors choice. You can find details in the Write and earn money on MQL5 topic in our forum.
  
  
• Market. In nearest future the Market service will become fully functional. Here, MQL5 developers can sell their programs to other MQL5.community members. Market operates on similar principle as mobile application stores. To sell your MQL5 products, you have to register as a seller and place your applications in the market.
  
  
• Signals. Do you have a proven trading strategy? You can sell not an Expert Advisor itself, but trading signals that it generates. Thus, you can always tweak it according to changing market, without disclosing all the details.
  
  
• MQL5 Cloud Network. Most of CPU time is spent in vain, but you can rent it out for a small fee. Simply install remote testing agents and allow them to participate in MQL5 Cloud Network. You can withdraw earned money or spend them at Market, subscribe to Signals or create a new Job.

How to Spend at MQL5.community

We will conclude this article by describing how you can spent money at MQL5.community.

• Jobs. If you have a trading strategy, but you don't know how to program in MQL5, you can use this service to get a simple, controllable and safe opportunity to find a developer, who will implement your idea as a finished MQL5-program. Top 10 developers (ranked by number of finished jobs) are regularly published on the Jobs service home page. There you can easily find the best candidate.
  
  
• Market. This is one of the most attractive MQL5.community services in terms of trader. Here you can buy (and in some cases - download for free) ready to use MQL5-programs: Expert Advisors, indicators, control panels, etc. For your convenience, the Market service is integrated into MetaTrader 5 client terminal. Authorize at MQL5.community - and you can purchase directly via MetaTrader 5 user interface.
  
  
• Signals. If you don't own a profitable trading system, you can join successful traders. While receiving trade signals from monitored accounts with a good history and performing deals by these signals, you are risking less than trading by your own without a proven strategy. It is often the easiest way for beginners to invest their venture capitals.
  
  
• MQL5 Cloud Network. If your own tester agents aren't enough for you or you need to carry out optimization in a tight schedule, you can rent idle capacity of other MQL5.community members.