Seller

[[Deleted]]

How are sellers paid commission by MQL5. Can someone explain in a clear plain simple practical english. Thank you.

[Mohammed Abdulwadud Soubra]

Karabo Ntate:
How are seller paid. Example if my subscription is $70 how will, I get paid my commission by MQL5. Can someone explain in a clear plain simple practical english. Thank you.

Seller getting his money from his services!

The seller may be a signal provider, product selling and/or a freelancer!

The customer doing his deposit.

The seller will get the money from him.

!! That's all !!!

[Sergey Golubev]

As I understand - you are the signal provider and want to understand how you will be paid, right?

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The rules of the signals - Payments

V. Payments

1. All payments shall be made in the MQL5.com internal payment system, hereinafter called the Payment System. The Payment system account is created automatically for every MQL5.community user upon registration on MQL5.com.
2. To subscribe to a selected Signals Source, the account shall have sufficient funds to cover the Subscription fee.
3. Money can be deposited to the internal Payment System via CommerceGate, WebMoney, PayPal, ePayments, NETTELLER, Skrill and UnionPay. Earned money can only be withdrawn via WebMoney, PayPal and ePayments.
4. The Subscriber's account is automatically charged for the Subscription fee for the entire subscription period in advance upon subscribing.
5. The Signal Provider automatically receives the Subscriber’s fee for using the Signals in a week upon the Subscription period expiration.
6. The Signals Provider shall receive the payment less 20% commission retained by the "Signals" service.
7. Paid subscription canceled by Subscriber is not refunded.
8. When using a coupon to pay for Subscription, the difference between the coupon amount and the Subscription fee is not deposited to the Subscriber's MQL5 account. The coupon is considered used. No further payments can be made with it.
   The used coupon is not restored if the Subscription is canceled.
9. If the transmission of the Signal is terminated by the Provider, the reserved Subscribers' funds shall not be transferred to the Provider's account.
10. In case of violation of "Signals" service Terms of Use, the Provider's account will be blocked and all financial transactions on it suspended.
11. In case of any fraudulent activities and/or falsification of past trade results, the Provider's account will be blocked and funds received from the subscriptions will be returned to the buyers.

[Sergey Golubev]

The priovider is receiving the paiment from the subscribers ... so the provider should get the subscribers.
That is why, I think, we should remind to everybody about the following: How to Subscribe to MT4/MT5 Signal:

Forum on trading, automated trading systems and testing trading strategies

How to Subscribe to a MT4 Signal (new instructions, after 1065 version upgrade)

Eleni Anna Branou, 2017.04.10 10:02

Below are step by step instructions, of how to subscribe to a MΤ4 signal:

1. Register a MQL5 account: https://www.mql5.com/en/auth_register 

2. Open your MT4 platform and go to Menu >> Tools >> Optios and click on the Community tab. There you put your Login and Password of your MQL5 account and click OK.

 

 

 

3. Go to the search area of your MT4 platform, on the upper right corner (where the magnifying glass is), type in the name of the signal you want to subscribe and click Enter.

 

 

 

4. You will see lower, in the Terminal Window of your MT4 platform, the results of your search. Click on the name of the signal you want to subscribe. 

 

 

 

5. Click on the green Subscribe for $$ USD button on the right side of your MT4's Terminal Window.

 

 

 

6. Select the payment method and complete payment for your subscription.

7. In the Options >> Signals window that opens, tick the following options:

 

 

• Agree to the terms of use of the signals service
• Enable real time signal subscription
• Copy Stop Loss and Take Profit levels
• Synchronise positions without confirmations

8. In the Use no more than: ...... of your deposit (95% maximum) field below, put the percentage of your capital, you want to participate in signal's copying.

9. In the Stop if equity is less than: ...... field, put the amount of your capital, you want to preserve, or leave it empty. 

10. In the Deviation/Slippage field, select an option and click OK in the Options window to close it.

11. Now you have completed the subscription process and the only thing you need is a VPS (Virtual Hosting) in order to copy the signal 24/7 without having your MT4 platform open all day long. 

12. Go to your account details in the Navigator window of your MT4 platform, right click in your account number or name and select the option Register a Virtual Server.

13. In the Virtual Hosting Wizard window that opens, the VPS with the lower Ping, ms value is presented automatically.

 

 

14. Select your payment plan for 1, 3, 6 or 12 months and click Next.

15. Tick the: I agree to the virtual hosting service rules and the auto renewal option below (if you want) and click Next. 

16. Complete your payment for the VPS Service. 

17. In the next window, tick the Migrate signal: account and settings option, click End and you are done.

[[Deleted]]

Thank you, I appreciate the response.