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MT4 Binary Trading & Copying for friends and family

We're happy to announce that not only can you use our API to trade on over 200+ binary platforms via MT4 but you now can use MT4 to copy your signals to your friends and family. Please see our blog post for more details and as always, feel free to reach out to our support (or live chat during US business hours) for more information. http://blog.signalpush.com/post/112800542721/friends-family-beta
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Comments

  • lotzofbotzlotzofbotz Posts: 1,552 ✭✭✭✭
    edited March 2015
    Are you leaving out any other charges or did you decide on a flat price of $9.99 a month? Such as a per trade charge or any other fees? What are you learning to market from AT&T now? So through MT4 it works with over 200+ brokers of which maybe less then 10% will actually pay you lol... You need some FAQs with the details of what you are offering but I like the idea!
  • SignalPushcomSignalPushcom Posts: 132
    Well the MT4 to API by itself is not a monthly fee. You just need API credits (https://signalpush.zendesk.com/hc/en-us/articles/200221365-Pricing). One API credit is used for each ACCEPTED trade. So if you send a signal, say to MW and it rejects, no API credit is used.

    The $9.99/mo comes in when you wish to be connected with other "friends or family". Then it's $9.99/mo for the source account and $9.99/mo for each additional account. We charge this monthly rate on top of the API credits because unlike the straight MT4->API connection, when you start talking about transferring to other people, we have to connect each user to our real time network, which costs SignalPush money.
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  • lotzofbotzlotzofbotz Posts: 1,552 ✭✭✭✭
    edited March 2015
    A FAQs page would help. I understand that you need to buy API credits for trades, example $50 for 200 credits = 1 trade per credit. If this is the case a good understanding for somebody that has not used your service imo would be "Example scenario if a Signal Provider uses this and has 10 clients and generates 200 trades in a month, what would the cost be to both the Signal Provider and each Client on an individual basis for that month." Also would you have to purchase the API credits ahead of time ect ect. Things like this would be helpful in a FAQ section for people unfamiliar with your offerings, like uhm ME!!!

    The confusion comes in to who pays for what imo. The breakdown seems simple but you don't talk about the API credits needed in this. Which is fine if your current user base understands how it all works which you state they do. So they get that you need to use MT4 and have to pay for the credits which breaks down to 25 cents a trade on top of the $9.99 a month for who? Both the SP and the Client? Dude you so should work for a major Cellphone company lol... My point is an outsider would only see the $9.99 a month and be like YAY!!! Which is likely what you are trying to promote but come on don't get marketing vague on me here.. I am sure you don't want people to sign-up and bitch about the additional costs they were not aware of... Put that in there in small print pink and grey writing if you want to not have it stick out in your marketing lol, then you will be contacted by one of the phone companies for a job fer sure! What if a competitor comes along like metro pcs and offers FLAT RATE pricing lol..
  • SignalPushcomSignalPushcom Posts: 132
    It's pretty simple. Sorry for any confusion. If there were any users who bought the Friends and family add-on and didn't know about the standard API costs (no user who has signed up doesn't know because they all already have an API key), we would of been happy to refund them the $9.99. Everywhere that mentions the friends and family mentions that it's for API requests/keys. Our support site and app details the cost for API use.

    Let me detail the use scenarios here:

    For most users, they never need the API. If a user is subscribing to one of our listed signal providers (on our marketplace), they don't use the API.

    The API comes in when:
    - a user wants to trade on their own from MT4 or other platforms
    - a user wants to create an automated MT4 EA
    - a user wants to connect with a signal provider who has integrated with our API (two examples would be binaryoptionselitesignals and binaryoptionstutor). These providers will NOT be listed on our provider leaderboard. The user will enter their API key into the signal providers website or software.


    Now, if a user who is using the API then wants to send those same signals to a few friends or family members, we then need to make that connection between those users, so we charge $9.99/mo to each user for the connection, on top of the API cost. The API cost can be as much as $0.25 per accepted trade or as little as $0.08 per accepted trade.

    https://signalpush.zendesk.com/hc/en-us/articles/203830949-Friends-Family
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  • lotzofbotzlotzofbotz Posts: 1,552 ✭✭✭✭
    How most signal providers start out...

  • SignalPushcomSignalPushcom Posts: 132
    One of our affiliates made a site that explains what we've had for quite awhile, and even offers 5 free API credits: http://mt4connect.com/.

    - MT4 Binary Buttons, including the ability to blast the trade to multiple platforms with one click
    - MT4 Line Trader, trade from horizontal/diagonal/vertical lines, set OCO straddles, and even cancel all orders at a set time
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