Today, the need for automatic trading signals keeps growing. The reason is simple: trading signals can simplify the process of analyzing the market and setting up trades. As such, traders don't need to spend a lot of time monitoring the chart to look for opportunities.

Automatic trading signals are very practical and efficient for those with full jobs. The concept also varies, some have it as an automated trading, while some others use copy trading and social trading.

Platforms that specifically provide automated trading signals are Myfxbook, eToro, and ZuluTrade. These platforms not only provide signals but are also a place where Providers and Followers exchange benefits.

But did you know that trading signals can actually be obtained easily without having to surf to other platforms? Yes, MetaTrader, which you often use to analyze the price and execute charts has an automatic trading signal service.

Known as MetaTrader Trading Signals or MQL5 Signals, here are some of the advantage from the service:

• No need to install additional software because everything is ready on the MetaTrader platform.
• Can connect to all MetaTrader users from all over the world, regardless of the broker.
• There is no extra commission. Users only need to pay the signal subscription fee to the Provider.
• Minimum in signal transmissions because all the processes take place within the MetaTrader ecosystem.
• Risk management follows each Provider's rules. If there is a difference in the deposit amount, the system can adjust it automatically.
• There is no intervention from the Provider because all transactions are copied and executed automatically.
• Integrated to the dependable MetaTrader's Expert Advisors (EA).

Apart from being more practical, MetaTrader Trading Signals provide many conveniences that are no less superior to other copy trading platforms. Unfortunately, not all brokers provide this attractive feature. Forex brokers who offer it are:

RoboForex

Known as one of the most accomplished brokers in providing sophisticated trading tools, RoboForex does not miss out on offering automatic trading signals from MetaTrader. Uniquely, this service is included in the CopyFX service, RoboForex's in-house copy trading facility. So basically, MQL5 trading signals are a complement to their CopyFX platform.

You can use MetaTrader 4 or MetaTrader 5 to get automatic trading signals from the MQL system. According to the broker, the MQL5 signal is beneficial to CopyFx because it can provide more advantages, starting from an efficient risk allocation system to integration with the MetaTrader accounts.

XM

XM Broker allows each of its clients to subscribe to automatic trading signals in MetaTrader. Since MQL5 is provided by the creators of MetaQuotes, you can access MQL5 from within the XM MetaTrader platform itself.

Trading with MQL5 signals on XM provides many benefits for traders looking for convenience and efficiency. The service integrates seamlessly, requiring no additional installation. With a variety of signal providers to choose from, users can easily find a strategy that suits their preferences.

FIBO

Different from other brokers who categorized MetaTrader Trading Signals into copy trading, FIBO presents it as Signals Rating. This low spread provider even displays a list of the best signal providers on MT4 and MT5.

Signal provider's ratings are displayed in an eye-catching format, so traders can compare what signal providers can offer more easily. For example, top signal providers are presented with information on their account growth (in percentage), performance graphs, reliability indicators, number of followers, and capital required to copy the signal.

JustMarkets

At JustMarkets, MetaTrader Trading Signals have been integrated with the broker's back office and are promoted as a way to earn income in forex. JustMarkets opens the registration for both Providers and Subscribers.

The broker defines signal providers as those who already have a proven trading system, years of experience, and consistent profitable returns. Thus, it would be more convenient to be a Follower if you're not a professional trader. To start subscribing, you need to register at MQL5 community. Then, open the Tools tab, click Options → Community, and enter your login data to your MQL5 account.

NordFX

NordFX allows clients to register with the MQL5 service, both as Followers and Providers. The zero spread account provider does not provide signal ratings but opens access to automatic trading signals on demo accounts. This way, you can test signal performance and how it works on the market without having to risk real money.

There is a one-month trial for all paid signals by the broker. As for the free signals, there will be no trial. However, it is important to note that one account can only subscribe to one signal.

FX Choice

MetaQuotes Trading Signals seamlessly integrated into the MT4 platform FX Choice without installing any third-party softwares. This advanced service is designed for traders of all levels. The signals displayed can be easily copied to the FX Choice's MT4 platform, and are compatible with other Expert Advisors or any trading strategy.

To help traders, this broker has prepared a video tutorial regarding MQL5 signals. They also informed that subscription fees for paid trading signals can be processed via WebMoney, PayPal, or bank cards.

Weltrade

Weltrade presents its autotrading service with an automatic trading signal from MetaTrader. According to the information on this broker's official website, MQL5 signals are for traders who want to become Providers and get additional commissions. Later, the Provider's credibility will be proven by statistics and trading history which are monitored daily. Since the signals are provided by MetaQuotes Ltd, you need to register first on the MQL5 website before connecting it with your Weltrade account.

Automatic Trading Signals Are Not for Beginners

Almost all brokers offer MetaTrader Trading Signals with the same concept. Although you can simplify trading and copy the transactions of more experienced traders this way, you should stick to the basic principle in trading: there is no easy way to achieve success.

No matter how easy the solution offered by automatic trading signals, profits can only be obtained if you choose a potential provider. In this case, the ability to select and monitor traders also requires expertise. So actually, beginners can't just put all their trust in signal providers.

If you are still a novice trader and don't know the ins and outs of the way forex trading works, don't rush to subscribe to MQL5 signals on MetaTrader. At the very least, you should have mastered the basics of forex trading and know what determines a trader's success.