MQL5 Review

Lets talk about only the market place.

Forums provide big value for devs and real traders.

What is dangerous is market place and signals. Since northwest EA mql has taken 0 measures to protect clients and users seeking for either systems or signals.

MQL5.com is so hungry for commissions that seems they partnered with certain brokers and traders to mislead and scam.

1. They allow accounts from SCAM brokers to be uploaded to their platform like "WELTRADE" so if you see something in that broker please avoid or get scammed.

2. Theres this common trick scammers use; they deposit low amounts like $100 USD they trade account with high risk (.01 is high risk even for $1,000 USD if you are a real trader you know) if account goes positive they can now flex a huge ROI and they will cause they have a cheap investment they can hedge in 2 portfolios and use the positive signal.
Thats red flag #1 but issue goes further once the scammer cant replicate the same technique so they use the famous "deposit load" that's why you need to pay attention to initial deposit and deposits.
Sometimes deposits can be rebates but I always tell forex factory,m blue myfxbook and mql5 that they need to properly divide deposit load from broker and from user.

Not doing this is allowing scammers to save their accounts by depositing amounts way higher than the initial deposit, something that is misleading and a total scam. MQL5 really promotes this conduct since top 10 EAs devs. signals will be saved by huge deposit load after HUGE DDs.

-Dark venus
-Waka waka
-Quantum
-North west EA

To name some examples did that exact same thing at one point and mql5 never did anything, why? sells are big and commissions too juicy for them to care.

Is amazing a place that is supposed to be in favour of clients is turning against them; cause lets not forget, we traders are not clients, we don't put money at risk or carry any potential losses compared to the clients that can copy or acquire products.

MQL5 decides also cent accounts are not real and ban them, even though solid brokers are offering them since forever and is a growing market. They allow unregulated scam brokers that scam clients but ban cent accounts?

The irony.

Please avoid getting scammed by this pathetic place that used to be solid.

The most terrible helpdesk! they wont help you! they will take their service fee and left what ever happen with a scammer developer, they don't care.. there is no reply back from helpdesk and they don't care of their customers! the developers also know that the helpdesk is of no use and probably support the developers to bring in more business. so they are all ready to scam you. be away from here, you will just loose your money..

Traders be aware, MQL5 is one of the worst businesses I ever dealt with.

Have been scammed with a nice looking backtest EA that totally fails in real account (M5 Scalping by seller Vadym Velychkov:https://www.mql5.com/en/users/vadim89127).

Following that scam, I contacted the support and they just sent me away, no compensation, no refund, no exchange, nothing. These guys are just as bad as their sellers.

Do not trust them and better to run far away from this marketplace.

ALSO, due to this scam, I opened a forum sub for letting people know how bad this seller is, they just banned me.

I bought ea on MQL5,
because many people on MQL5 online gave this product 5 stars,
$399$499$599. I was cheated.
I felt wrong with 2.3 days.
I started to ask for refund. It was too far from the introduction.
MQL5 no refunds, also restricted my account.
The MQL5 website is more hateful than the seller.

I have purchased thousands of dollars of indicators from this site to try and find a system that can help me. You would think there would be some type of recourse in the name of customer service. But they do not respond. They send you to a board where others do the answering for the company.

Many of the indicators that I have purchased have been removed. I was never able to use all of my activations. For example, I paid 200 dollars for an indicator that had 8 remaining activations. When I try to download, I get a message that says;
""Unfortunately, "SUCH AND SUCH is unavailable
You can check out other products of SO AND SO:""

Often times they only give five activations and this is theft. If (as I have) you download the MT4 Demo from say, Osprey, and they only give you a 30 day free trial, the indicator activation is counted against you and you cannot retrieve it. The Vendor will lie to you and say "we are only allowed to give five activations.." But if this was true then other Vendors would not be able to follow the same rules. You have four left. Not Cool! You pay for the indicator and you should have it as long as you want.

Nevertheless, it is apparent that the website works out some sort of deal with the Vendor and cashes in on the commissions. The website provides the number of sells per month to encourage this theft. As I said, many of the vendors only give you five activations, but the more honest Vendors provide much greater than five (some up to 100) if they choose.

Many of the indicator reviews are frauds. Meaning, they sell an indicator and toss in a bonus if you leave a positive review on the site. This has hurt countless others from reading unbiased reviews.

Also, many of the indicators are simply free indicators with a bell or whistle added. It appears the MQL site does not do proper screening for the indicators efficiency. I have one that cannot be removed unless you close out the chart.

NO ACCONTABILITY for the theft that occurs on this site.

YOU FUND YOUR ACCOUNT, YOUR PROFILE IS BLOCKED, AFTER GOING THRU THE RIGOURS TO SATISFY THE ADMIN, YOUR ACCOUNT IS UNLOCKED AND IMMEDIATELY YOU CLICK THE BUY BUTTON IT IS BLOCKED AGAIN.

YEUP IT HAPPENED TO ME.

MQL5 IS TOTALLY A DISGRACE.

MQL5 FOR HAVING SO MUCH CUSTOMERS SHOULD DO BETTER.

I WISH I COULD GIVE LESSER THAN A STAR REALLY...

BIGGEST SCAMMER ON PLANET

STAY AWAY > I HAVE BEEN TRADING SINCE 2006 AND FOUND NOT A SINGLE PRODUCT OUT THERE TO SUPPORT YOU.

I have been trying to do withdrawal from MQL5 for more than a year. Either no response or they will find all sort of excusese to reply me and then missing in action. It is a extremely low standard scammer platform. Please boycott this platform or u wont get back a single cents.

The worst freelancing website ever, absurd fees, no customer service at all, you deposit some money there hoping that someone will act as intermediary between you and the (incompetent) coders, while they just don't do anything... you are on your own!! no reply to support tickets, just USELESS SERVICE, they are so ignorant that they even don't care about bad reviews! STAY AWAY!!!!!!!!!!

Once you give them money it's theirs , no refund , no money back guarantee, nothing , you can not even communicate with them , this whole operation stinks.......