Developer FAQ
1. Does it cost money to trade with your company?
As a proprietary Foreign Exchange company based out of Houston, Texas, US, Financial Robotics is unlike any other Forex trading firm. We license our technology and offer consulting services for trading, but we only trade our OWN money, not the money of other clients. We realize that the market is very competitive and that there is no “free lunch”, which is where you come in.
You can visit our Join Us page and fill out all the required information. Once we approve your application, you’ll be sent your demo account information. After successful completion of five weeks of forwarding testing, you’ll be awarded a contract with us and bonus.
3. How much do you pay developers for their Expert Advisors?Developers will receive $5,000 USD for EA’s that have successfully traded positively for five weeks through our testing phases. You’ll be set-up with a $50,000 Live Account with our money and sent the login information for you to begin trading your EA live. We will share the profits 50/50 for one full year (Subject to change, negotiable). At the end of one year, we will own the rights to the EA (Negotiable).
5. How many EA’s can I test?Unlimited. With our current program, you can have multiple EA’s in the testing phase simultaneously. For example, if you have 5 EA’s that each pass our testing phases, then we will pay you $25,000 USD as the initial bonus ($5,000 each) and then open 5 separate $50,000 live accounts.
6. Can you steal my EA when I upload it on your platform?No. When a developer uploads their EA onto the platform in both the Live and Demo versions, we can only see the trades. We have no access, or desire, to steal anyone’s EA. That is not how we do business, but it isn’t an option anyway. Your EA is safe until you agree under contract to sell it to us, and we pay you $5,000 plus the profit shares on the live account.
7. Where can I download your platform?You can download the platform at http://www.metaquotes.net/files/sparen/ssa4setup.exe.
8. What type of feed do you have and how is it different than others?We use the MT4 platform with a Currenex Bridge. There is no dealer sitting between the orders and the Market. Unfortunately, this means that our feed is not as "smooth" as a retail feed, but it also gives you the advantage of large amounts of liquidity, and you can control all of the trading rules. You will also note that we have longer trading hours than most retail brokers.
9. What is the agreement and contract that you send once the testing is complete?PDF (Trading Background), PDF (Trading Agreement)
10. Can I sell my EA to someone else once I have signed the agreement?
No. As part of the agreement, you agree to sell the rights to your EA. However, keep in mind that you will have received the $5,000 USD bonus, and will share the profits on the Live account for as many years as you choose to renew.