Selling Binary Options Apps on the MetaTrader AppStore

Selling Binary Options Apps on the MetaTrader AppStore

Submitted by adil on Thu, 04/17/2014 - 11:58

The binary options market received much credit in the last few years, developing to beyond anyone could have had imagined. This allowed for new ways to profit on MetaTrader AppStore, by being a signal provider, MT4 or MT5 product owner and/or an affiliate, representing other traders’ products.

The MetaTrader AppStore concept is easy to grasp, especially if you are familiar with such concepts as Apple AppStore and Google Play. Basically, MetaTrader AppStore is an online place where it is possible to buy or sell expert advisors, custom indicators, scripts and other MT4 associated software.

MT4 platform becomes ever more important for binary options trading because it provides the possibility of chart analysis and also allows software which can be used to generate signals which can be sent to the binary options platform.

Indicators

Usual price range is 10$-100$. Purchasing indicators is very specific, because some of them are platform exclusive, so sometimes this calls for purchasing signals because those indicators might not prove to be a perfect solution.

Purchase process is easy. You need to pay attention to ratings and number of downloads. Do not go for high-rating indicators with only a few downloads; it’s safer to go for an indicator that might be a star below in ratings, but was rated mass number of times. The rating bottom limit should be 3 stars.

If you are selling, you can do it as a product owner, or an affiliate. Registration is easy. First you complete an online application form to register a Developer’s account and then upload the indicator and define the characteristics. If the indicator meets MT4 standards, it is approved and listed for purchases. Developer gets 50% of the income, while MT charges a 50% fee.

Expert Advisors

Selling approved expert advisors is available via official trader terminals, so traders can make purchases from their own terminals. Charges are made directly to traders’ account balance.

The feature of exclusivity of EA purchases via terminals benefits both the software owner and the buyer. The purchase of the EA works in the way that a special unique copy of the software is generated on buyer’s device so the copy is device-bound and cannot be copied. This protects the intellectual property of the software from pirates, and also protects the consumers, knowing that cheaters cannot obtain this software illegally.

However, a question is risen over the quality of EAs – in which way are the trader protected from buying junk? This is where the demo feature provides a solution. Every EA comes with a free demo that can be tested, and only after the purchase was made, the software can be used for making real trades. In this way, both the owner and the buyer are protected from misuse.

How to sell EA:

• Open a Developers account and submit EA for approval
• Enter characteristics (EA name, price, logo, product specs and screenshots)
• 20% is the App Store fee
• Proofread the description and go through any moderator comments
• Be sure your EA is tested and recorded trade success before listing it