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Avoid mql5 fraud

  • #1
  • First Post: Sep 12, 2021 6:44pm Sep 12, 2021 6:44pm
Anyone using mql5 to purchase EA's be warned.
This site hand picks which EA's are displayed on the first page of the product page , those EA's actually belong to affiliates/associates of the website owner who gets a substantial amount of money to sponsor these EA's.
The site has lost all its legitimacy when it comes to the EA's Sold. The reviews of the EA's are fake and they will tend to remove negative feedback from users who start criticising the EA's that are sponsored.
They are literally milking newcomers who think those EA's are good when in reality its the opposite.
  • #2
  • Sep 13, 2021 10:04am Sep 13, 2021 10:04am
Quoting mu2k
Anyone using mql5 to purchase EA's be warned. This site hand picks which EA's are displayed on the first page of the product page , those EA's actually belong to affiliates/associates of the website owner who gets a substantial amount of money to sponsor these EA's. The site has lost all its legitimacy when it comes to the EA's Sold. The reviews of the EA's are fake and they will tend to remove negative feedback from users who start criticising the EA's that are sponsored. They are literally milking newcomers who think those EA's are good when in...
Some time ago i realized there are a lot of odd things with mql5 website (and company), too.
It's true that the first page of products it's not legit. Some times ago i published an EA and been asking around why, when i sorted by new posting, my EA still was showed on 2nd/3rd page and not on 1st page. Nobody didn't know the answer and forum moderator kept telling me lies about the algorithm of searching.
Another thing i never understood is how they are able to edit your ex4 in order to create a demo or to create expiring versions, i guess they go against their "own law" which claims "decompiling an ex4 is against the law".

These are just few of the many strange things i saw in the years.

I've just realized that was better for me to stay away from their website and platform and i am really convinced that all the traders that are truly successful don't use their platform/service (if not for demo or testing some indicator maybe).
  • #3
  • Sep 13, 2021 12:17pm Sep 13, 2021 12:17pm
Quoting mu2k
...displayed on the first page of the product page , those EA's actually belong to affiliates/associates of the website owner who gets a substantial amount of money to sponsor these EA's...The reviews of the EA's are fake...
Do you have any proof that mql5.com is paid to put products in any certain position?

I do suspect some, or even many product reviews are fake or subpar. I've seen some reviews that state they can only access certain features/extra products after they leave a 5star review.
  • #4
  • Sep 13, 2021 12:32pm Sep 13, 2021 12:32pm
Quoting jojofx
{quote}...
Quote
It's true that the first page of products it's not legit. Some times ago i published an EA and been asking around why, when i sorted by new posting, my EA still was showed on 2nd/3rd page and not on 1st page
Should add in more info to back up that claim. The new tab is, I assume, listing products by age/release date/first draft time, any of these could be properly placing your product where it is.

Quote
Nobody didn't know the answer and forum moderator kept telling me lies about the algorithm of searching.
Regular forum members don't know the inner workings of mql5, moderators have a good but not completely correct guess of the inner workings, and an actual mql5 admin would probably not reveal specifics unless it was already released on a mql5 service post.

Quote
Another thing i never understood is how they are able to edit your ex4 in order to create a demo or to create expiring versions, i guess they go against their "own law" which claims "decompiling an ex4 is against the law".
Your conclusion is based on your own guess of what's going on. Remeber mql5 runs the market, the terminal, and maintains records of market products. They dont need to decompile anything to provide demo or rent options.
  • #5
  • Sep 13, 2021 2:37pm Sep 13, 2021 2:37pm
Quoting jeanlouie
{quote} {quote} Should add in more info to back up that claim. The new tab is, I assume, listing products by age/release date/first draft time, any of these could be properly placing your product where it is. {quote} Regular forum members don't know the inner workings of mql5, moderators have a good but not completely correct guess of the inner workings, and an actual mql5 admin would probably not reveal specifics unless it was already released on a mql5 service post. {quote} Your conclusion is based on your own guess of what's going on. Remeber...
From whatever world you live in, in any website or e-shop or literally anything, if you sort a list by the newest, it must show the newest products in the list. Do you agree with this?

Did you try to public something on mql5 market mate? They just require you to post your .ex4 file and somehow from that file they are able to edit it and create demo versions and expiring versions (the ones that just last for 1 month for example) and etc...
Isn't decompiling stealing of intellectual property? Even if they create the language, they didn't create the algorithm of the EA! If they really decompile it, what gives them the right to do so?

Without considering that they demand 25% fee of the full cost, for each single product sold. In my opinion this is a huge fee!

And do you know about all those people that sold something and "for some reason" they weren't allowed to withdrawal their profits?

Somebody also says that they sell informations about stop loss placement, that brokers are able to manipulate prices in a lot of way with metatrader platform (to eventually hit the stops) but i don't have proofs of this, is just something i've read about.

There are a lot of things wrong about this company, anyway i'm not here to argue or create a fight. I just wanted to share my experience with them and the things i saw while i had something to do with them.
  • #6
  • Sep 13, 2021 4:13pm Sep 13, 2021 4:13pm
Quoting jojofx
{quote} ...
Quote
if you sort a list by the newest, it must show the newest products in the list. Do you agree with this?
What I agree with or how I/we think it should be done is irrelevant, the point is that only mql5 knows the specifics of listings or the general expected ouput of any automated systems they have in place, and there's insufficient evidence to think they're messig with anyone. eg when I upload a new product, and clcik on the new tab within a few seconds, my product isn't the very first, but somewhere on the first page, this is not something I find particularly concerning.

Quote
Did you try to public something on mql5 market mate? They just require you to post your .ex4 file and somehow from that file they are able to edit it and create demo versions and expiring versions (the ones that just last for 1 month for example) and etc...
Isn't decompiling stealing of intellectual property? Even if they create the language, they didn't create the algorithm of the EA! If they really decompile it, what gives them the right to do so?
Yes, I have several free and paid products in both mt4/5 markets. They dont need to decompile anything to provide demo/rent effects. Just guessing here, but do you think it's improbable that demo/rent downloads have a timestamp on them, and the terminal maybe preventd loading it if the time is expired? Just one possible way of many that doesnt need decompiling.

Quote
Without considering that they demand 25% fee of the full cost, for each single product sold. In my opinion this is a huge fee!
I don't know the commission history, but the current commission is 20% (market rules, section 7.4) on products and 10% on jobs. It's roughly in line with other online gig market places.

Quote
And do you know about all those people that sold something and "for some reason" they weren't allowed to withdrawal their profits?
From what I've seen they seem to have always been doing something questionable. There aren't unlimited ways and zero delay in withdrawals, once per 24hrs, earned funds can be withdrawn via the listed methods, if there is no fraudulent activity detected or technical issues. I've withdrawn money with no issues.

Quote
Somebody also says that they sell informations about stop loss placement, that brokers are able to manipulate prices in a lot of way with metatrader platform (to eventually hit the stops) but i don't have proofs of this, is just something i've read about.
Yes, mt4/5 is a platform for brokers. The broker has control over all prices n data sent out to terminals, and many fx brokers use their inhouse order matching to fill orders, and may fiddle with price a few points, that's not mq's actions, that's the broker's actions. Regardless of the terminal platform used, I doubt there is any platform that checks what the broker is doing before accepting the broker's data.

Quote
I just wanted to share my experience with them and the things i saw while i had something to do with them.
That's perfectly fine, but you should add in more information to back up your claims.
  • #7
  • Sep 13, 2021 7:37pm Sep 13, 2021 7:37pm
Ask yourself this questions, why people who criticised those sponsored EA on the first page get banned from their website and told not to speak a word of it. Legitimate sellers have also brought this topic in the forum only to have their post deleted and their account permanently banned...
Why fake review are not removed from sponsored EA when they have been reported by other users ?
They claim they use an algorithm to rotate EA's from their product page is absolutely false the sponsored EA are stuck on the 1st page for years... only to be replaced if they do not meet the price required to be on the 1st page, a couple months ago one of their affiliates got into an debate about the increase of premium price for a spot on the 1st page a few days later MQL5 in retaliations removed that EA from the first page, after negotiations and payment that EA got placed again on the first page. The seller of that EA was making 250000$ to 300000$ per year .....
Its obvious the site owner is working on the inside with other people which are mostly Russians , why wouldn't it they?
The site has 1,149,270 visitors per month which are mostly novice individuals drawn to the site and a large % of those visitors visit the product page and only purchase EA's from the 1st page because they appear as popular and best reviewed and those EA's are on sold average between 200$ to 500$ they literally have created a goose that continuously lays golden eggs
Its time people expose this site for literally what it is
  • #8
  • Sep 14, 2021 3:10am Sep 14, 2021 3:10am
Quoting mu2k
Ask yourself this questions, why people who criticised those sponsored EA on the first page get banned from their website and told not to speak a word of it. Legitimate sellers have also brought this topic in the forum only to have their post deleted and their account permanently banned... Why fake review are not removed from sponsored EA when they have been reported by other users ? They claim they use an algorithm to rotate EA's from their product page is absolutely false the sponsored EA are stuck on the 1st page for years... only to be replaced...


@mu2K :

You are missing the big picture here :

THE WHOLE FINANCIAL SYSTEM IS CORRUPT

Don't blame the player, blame the game.

And THIS game, the " controllers" are waay smarter than any one fool on any one site.

If you go blindly into a poker game , where " the boys in charge" have rigged the table with cameras to see everybody else's cards, and you don't know it, well, sorry, you WILL leave with empty pockets.

IF you know the game is rigged, AND you choose to play, and you loose, well, do not cry.

IF you know the game is rigged, and feel you have an edge on them, and you can sit on that rigged table, play, and win, GO FOR IT !!!!

BUT, what I do not understand from you then, if this is a war between " us and them", and you look at Principles of Warfare, then why, would you shout out , sitting at that rigged table, that you KNOW it is rigged...???

The ONLY thing you are doing, is to show them they are not as careful as they should be, and must sharpen up their tactics.

In a system, where 92% of humans, when it comes to money and emotions, WILL execute the wrong decision, and in the same system, where for argument's sake, the " big boys" control it all, do you really think you and your small crusade here is going to change that 92% bad decision rate of humans, and the boys with the billions and the central banks in their pockets, they are gona come clean and write a public letter apologizing, and that from now on they gona play fair...?

Dude, sorry, but wake up, and smell the coffee of the REAL world you are living in.

IF you are a trader, and your P&L is more positive than negative, who do you think you are taking money from ?
Easy : a newbie, ten to one.
Its a war pal, gentlemanly died in the 1920's
The gloves are off now.

Maybe you are on some religious crusade, thinking a thread like this will get traction, and you can be the hero of humanity.
Good luck with that.

Here's the real truth :
The thinking you employ here, makes you a contrarian, an outsider, the minority, the outcast.
In a world where democracy in numbers, opinion in numbers, the popular idea, gets the vote, where emotional immediate gratification rules, in a world where that emotions run the brain, the instant riches, etc, a newbie sees when he gets to a trade platform, ANY trade platform...

Living a contrarian life myself, the mob thinks you are the dumb one....

Put a newbie here to decide which side he's gona give his action to, you, or the indicators?
Who do you think he listens to:
- you on a soap box telling them to stay away ?
- the EA that promises riches...?

a no brainer on that answer....

If I were you, would rather spend my energy on finding my own way to sit at that rigged poker table, have an edge on those who think they have an edge on me, and outwit them, and NOT tell them I know their bullshit, and definitely NOT tell them, nor the public, about my edge.
The moment, again, where your edge is working, and you feel the need to save the planet to share that edge publicly ...guess what..? :

In the future somewhere, your edge WILL no longer be valid.

Think back, WW2, Hitler, and his ENIGMA system.
That guy had the edge.
The Allies figured out how to break that code, a handful of peeps knew about it, they NEVER jumped on a soapbox and yelled it out, why ?
Because if they did, Hitler would have just dumped Enigma, and installed a new system, and said " thanks for sharing that you are onto me!"

Fools...
People that think they can save the planet from the " controllers"

All that you guys achieve in the end, is to play beautiful into their hands....

Well, that is IF this whole idea of " people in the financial world are corrupt" exists.....

In poker, they talk about "small fish" and " sharks" , newbies & good players.

You just sound like a small fish, crying and bitching, because maybe they lost somewhere, got a whiff there were sharks in their pond, which they thought was only for guppies......

See the system for what it is.

Play it, or stay away.

moaning and bitching , you are NOT helping the side you wana help..

In fact, you are doing the "enemy" a huge favour.....hehehehehe!!!
  • #9
  • Sep 14, 2021 4:01am Sep 14, 2021 4:01am
Quoting mu2k
...
Quote
Legitimate sellers have also brought this topic in the forum only to have their post deleted and their account permanently banned
Heresay doesn't count as proof, mql5 has to deal with lots of fraudulent sellers, what's to say those banned weren't fraudulent?


Quote
Why fake review are not removed from sponsored EA when they have been reported by other users ?
Lack of proof, and mql5 can't control what happens outside of mql5/forum/marketplace.

Quote
They claim they use an algorithm to rotate EA's from their product page is absolutely false the sponsored EA are stuck on the 1st page for years
The first page is the popular tab, of course the most popular stuff would stay, and being on the first page of the popular tab would reinforce any products position there. If you had to run the page I doubt the outcome would be noticeably different in the long term.

Quote
Its time people expose this site for literally what it is
If there was any funny business going on in mql5, I'd support revealing it. But it seems there is zero proof of any wrong doing in this thread. I don't consider myself pro or anti mql5, just provide proof.
  • #10
  • Sep 14, 2021 9:13am Sep 14, 2021 9:13am
The proof is in the pudding.
Jeanlouie you have been spending your life in this forum with the famous word "Prove it" you actually contradict yourself without realising it with some of your comments.... Let me guess you going to ask me to prove it ?
If what i said bothers you others will find it helpful and so they can avoid pumping money into a snake oil salesman because that is the correct representation of mql5 as entity , sucking money out of noobs by selling them valueless "EA' and ripping the profits...
  • #11
  • Last Post: Sep 14, 2021 9:37am Sep 14, 2021 9:37am
Quoting mu2k
The proof is in the pudding. Jeanlouie you have been spending your life in this forum with the famous word "Prove it" you actually contradict yourself without realising it with some of your comments.... Let me guess you going to ask me to prove it ? If what i said bothers you others will find it helpful and so they can avoid pumping money into a snake oil salesman because that is the correct representation of mql5 as...
So then, for the record, you don't actually have any proof of anything? Suspicions can be stated off the cuff, but conclusive claims need to be backed up. I wish you did have proof.

Do you dislike any market place that advertises popular products? Do you dislike ebay, amazon, netflix, walmart, for advertising popular products that sell well? Mql5 already states that products sold can't make any claims of profitability, and you'll notice the product descriptions abide by it. Noobs buying it all up is the problem of the buyers, it's what they choose to buy, and what they choose to review.
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