On our homepage choose one of our plans and Robots you’d like to run on those accounts and sign up. If your subscription includes a trial, you’ll only be asked to pay (via credit card, paypal, bank transfer or crypto) at the end of the trial.
First you sign up with a cashback company such as Premiumtrading or fxcash, just create an account with them, no need to take any further actions. For more cashback companies have a look here. While this is optional it’s highly recommended because cashback can increase your profitability.
Then open an account with a broker such as Roboforex. You can choose any broker that has MT4 accounts with 500:1 leverage. While the leverage might seem high, in most cases (robots) we don’t fully use the leverage. Ideally the broker will also have a Zero/Raw Spread ECN account and a Cent account. This will allow you to benefit most from our robots.
If you don’t know what all of this means don’t worry, simply choose one of our recommended brokers, all of them meet all the requirements (except some don’t have cent accounts). We will also provide a discount if you mentioned you would sign up with one of them. If you are interested in the terminology, have a look at our faq.
Once you’ve got an account with a broker you’ll need to create an MT4 account, most brokers allow you to create as many MT4 accounts as you want.
When opening an MT4 account, choose MT4 or metatrader 4. Choose Raw Spread, Zero Spread or ECN as account type (most brokers use one of these names), most robots require this type of account. For some robots it might be useful to open a cent account. Choose the currency you want and choose 500:1 leverage (or the maximum if less than 500:1).
Don’t worry if you make a mistake you can always open a different MT4 account.
Optional:
Where you see the red arrow (previous image) you will need to enter the (affiliate) code you can find on the cashback site and create the MT4 account.
On Premiumtrading you can find it here (see next image).
On fxcash you can find it here (see next image)
Now you’ve created your MT4 account, it’s time to link it on your cashback site. Start by going to the cashback site.
In the case of Premiumtrading you’ll find it under user profile. Simply choose your broker, enter the MT4 account number and click on add (see image on next page).
In the case of fxcash go to trading accounts, choose broker and enter your account number and click on add (see other image on the next page).
Now they are linked and you’ll start to receive cashback on trades, for some brokers this gets added daily (e.g. Roboforex), for others monthly (e.g. Hotforex). If you have any issues, contact your cashback company or brokers.
In step 3.2, you’ll need to send us your MT4 account number, password and server. This will allow us to connect the robot to your account and place trades on your behalf.
This is safe. Don’t worry we can only place trades, we can’t withdraw money from your account.
For more info about this topic have a look at the relevant FAQ question.
If you took a plan that allows you to use multiple trading accounts, then you’ll need to let me know which robot you’d like to run on which account. You can do this at the same time as you send us your MT4 account details.
Please send your MT4 account number, password, server and robot details for activation by submitting the details on the account page or send the the information to [email protected] (click to auto-generate the email).
Important: Don’t change your password after you have given it to us, otherwise the robot(s) might disconnect.
It might take us some time to set everything up (usually less than 24hrs on a working day), if there was any trial included in your plan the trial will begin once your robot has been activated on your account. Please be aware that some robots might take some time to place a first trade.
We also recommend that you download your brokers app or the MT4 app on your phone so you can monitor your account. We will create a report for you if you wish.
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Brokers |
Benefits |
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1. Roboforex |
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1. Vantage |
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3. Exness |
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4. Fp Markets |
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Sign Up |
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5. Hotforex |
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Some other brokers that we recommend are Fxopen, ICmarkets, GoMarkets and Tickmill. US clients can choose Tradersway or lqdfx.
You can check the spread and commission of all the brokers in the below table or on the source. To include the commissions simply tick the commissions box. Lower amounts are better, it means your trading costs are lower. You can check this report or the table below.
Swap rates are also called rollover or overnight fees and are interest on the money you’ve borrowed for trading. The money you borrow for trading is also known as leverage or margin. Lower amounts are better because it means you pay less interest on the money you borrow for trading.
Order execution speed is how fast your broker can process an order you’ve placed. Some brokers are fast, some don’t give you the quote you wish for which can result in slippage or re-quotes. There are several reports on order execution, but you can find a few examples here: Offbeatforex & Forexsuggest.
It is important to choose a broker that has the deposit & withdrawal methods that you need. Most brokers offer card deposit/withdrawals or neteller/skrill, but not all offer bank transfers or crypto payments.
Some brokers offer great benefits such as cashback rebates or return on account balance or margin. Many also offer a free VPS.
While many websites include education, we do not believe this is an important factor in choosing a broker. Education is available all over the internet and beyond. Trading costs, trading conditions and broker benefits are much more important factors.
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