As described in this post (trading signals by Metatrader 5) forex traders using the trading signal on Metatrader 5 platform have number of advantages over conventional forex brokers and platform providers. Following are some of the key advantages of using Metatrader Signals Service:
1. Subscribing to trading signals of successfful traders happens in quick simple steps and once subscription is completed all the trades of the subscribed trader gets copied to your system without any hassle. Checkout how to subscribe to trading signals in Metatrader 5.
2. Metatrader 5 platform provides very high security for subscribers as there is no possibility of choosing an inexperienced trader as all signals providers are carefully screened for credibility. If trader's results over the previous month are far from satisfactory, he simply will not be able to set up a subscription. This keeps the subscriber safe from connecting to a trader who will lose your money.
3. No agreements between subscribers and providers are required. Signals providers put their products up for sale while subscribers choose the most suitable ones. No paperwork required.
4. Multiple payment systems supported for subscribers subscribing to paid signal providers.
5. No commision involved as signals service does not charge commission from the subscriber's traded volume.
So if you are an existing forex trader or a new trader willing to start trading in forex check out the signal service of Metatrader before opening your account or putting another trade.