Metaquotes is blocking myfxbook and many VPS traders | Forex Factory

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Metaquotes is blocking myfxbook and many VPS traders

  • #1
  • First Post: May 30, 2013 2:40am May 30, 2013 2:40am
http://forexmagnates.com/is-metaquot...king-myfxbook/


http://forum.mql4.com/55860
  • #2
  • May 30, 2013 3:25am May 30, 2013 3:25am
http://forexmagnates.com/exclusive-i...r-marketplace/
  • #3
  • May 30, 2013 5:17am May 30, 2013 5:17am
Russian mafia
  • #4
  • May 30, 2013 5:28am May 30, 2013 5:28am
This is also affecting trade explorer updating. At least mine.

Let's all see how this turns out.
Diogo
  • #5
  • May 30, 2013 5:41am May 30, 2013 5:41am
I believe some day their monopoly will be over
  • #6
  • May 30, 2013 10:37pm May 30, 2013 10:37pm
Makes you wonder about all the other third party companies that are going to go bust as a result of this.

Looks like this as been done in attempt to corner the market for their "app store".

http://forexmagnates.com/exclusive-i...r-marketplace/

The new cold war...
  • #7
  • May 31, 2013 12:53am May 31, 2013 12:53am
Time to become metaquotes-free
  • #8
  • May 31, 2013 3:27pm May 31, 2013 3:27pm
Yes, and there will be probably much more people leaving metaquotes e.g. here http://mechanicalforex.com/2013/05/a...etaquotes.html
________________ The path is the goal - Mahatma Gandhi
  • #9
  • Jun 1, 2013 2:39am Jun 1, 2013 2:39am
Quoting jagui
http://forum.mql4.com/55860
They removed the topic.
I feel sorry for them, bye bye Metaquotes!
  • #10
  • Jun 3, 2013 4:58am Jun 3, 2013 4:58am
http://forexmagnates.com/metaquotes-...ook-zulutrade/
  • #11
  • Jun 3, 2013 9:04am Jun 3, 2013 9:04am
Metaquotes have seriously lost the plot. Helloooo cTrader!
  • #12
  • Jun 3, 2013 1:14pm Jun 3, 2013 1:14pm
could be the beginning of the end....
  • #13
  • Jun 4, 2013 2:14am Jun 4, 2013 2:14am
http://forexmagnates.com/metaquotes-...ndustry-think/
  • #14
  • Edited 5:29pm Jun 16, 2013 5:18pm | Edited 5:29pm
I want to provide some balance to this discussion. MyFXBooks made this statement on June 10.http://blog.myfxbook.com/
Quote

Due to recent events of MetaQuotes blocking our servers (which we believe is because of the high load we created on their servers) you might have noticed we’ve stopped offering the auto update option.

If MyFXBooks did not have an iron clad prior agreement with MetaQuotes, then MetaQuotes' action was warranted. Other sites like Amazon will block you in a heartbeat if you don't sign their affiliate agreement and strictly abide by it. Its easy to bash MetaQuotes, but hard to chase down the facts and to get them straight. And from what I have read about the brokers' copyright violations, once again I must side with MetaQuotes who are just enforcing what was feely agreed to.
  • #15
  • Jun 17, 2013 1:00am Jun 17, 2013 1:00am
Quoting CodeMeister
I want to provide some balance to this discussion. MyFXBooks made this statement on June 10.http://blog.myfxbook.com/ {quote} If MyFXBooks did not have an iron clad prior agreement with MetaQuotes, then MetaQuotes' action was warranted. Other sites like Amazon will block you in a heartbeat if you don't sign their affiliate agreement and strictly abide by it. Its easy to bash MetaQuotes, but hard to chase down the facts and to get them straight. And from what I have read about the brokers' copyright violations, once again I must side with...

This is misleading, because Metaquotes refused to sign any agreement with myfxbook and every other third party provider. Myfxbook and other third parties tried many times in recent years to sign an agreement with metaquotes, bu metaquotes always refused. Tradency, who was a metaquotes client, was also shut down.

The recent server update issued by metaquotes also blocked many vps users, like me, who had many terminals open on the same vps. I manage client accounts from vps, and I was blocked. I obviously did not broke any agreement or hacked any networl protocol.

Of course, metaquotes can do what it wants with their platform, but they're acting like monopolists who want to keep the platform closed and control any other service offered around the platform. They have the right to do this, bu we all know how this things usually end... they will lose market share, open platforms will rise and the monopoly will be over soon.

They simply don't understand how the Internet economy works, and they will pay a hard price for their ignorance.
  • #16
  • Jun 17, 2013 1:43am Jun 17, 2013 1:43am
Quoting jagui
They have the right to do this, bu we all know how this things usually end... they will lose market share, open platforms will rise and the monopoly will be over soon. They simply don't understand how the Internet economy works, and they will pay a hard price for their ignorance.
Soon ? we will see how many requests there are for coding help with the likes of cTrader, if you are correct the requests for mql4 will dry up . . .
20 pips a day isn't too much to ask . . .
  • #17
  • Jun 17, 2013 3:28am Jun 17, 2013 3:28am
Quoting RaptorUK
{quote} Soon ? we will see how many requests there are for coding help with the likes of cTrader, if you are correct the requests for mql4 will dry up . . .

Read again, I didn't write that metatrader will be over, but that the monopoly will be over, these are different things.
  • #18
  • Jun 17, 2013 4:28am Jun 17, 2013 4:28am
Quoting jagui
{quote} Read again, I didn't write that metatrader will be over, but that the monopoly will be over, these are different things.
OK, so how will you determine that the "monopoly" is over ?
20 pips a day isn't too much to ask . . .
  • #19
  • Last Post: Edited 11:24am Jun 17, 2013 11:09am | Edited 11:24am
Quoting jagui
{quote} This is misleading, because Metaquotes refused to sign any agreement with myfxbook and every other third party provider. Myfxbook and other third parties tried many times in recent years to sign an agreement with metaquotes, bu metaquotes always refused. Tradency, who was a metaquotes client, was also shut down. The recent server update issued by metaquotes also blocked many vps users, like me, who had many terminals open on the same vps. I manage client accounts from vps, and I was blocked. I obviously did not broke any agreement or hacked...
I think your emotions are affecting your reasoning because some of this makes little sense. MQ can choose their business partners by whatever criteria they wish to apply - the same as any other business. Do you think that MyFXBook would sign an agreement with every startup that came along with a proposition? I don't think so any more that MQ would. What MyFXBook did was wrong, wrong, wrong and why they thought they could force MQ into doing something they didn't want to do is baffling.

MQ does have agreements in place with many brokers and part of the agreement is the copyright. Regardless of how strict and unpalatable the terms might be, it is wrong to violate them. Do you think MicroSoft, Google or Apple would allow anyone to violate their copyright? Copyright is a very pre-Internet economy concept, but one that still has relevance in this new fangled business environment. Copyright and contract laws are not going away.

I can't argue with your VPS statements because I haven't looked into that situation yet. Maybe what you say is right, maybe not.
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