Brokersclub Ltd (the ‘’Company’’) operating under the brand name ‘BTFX’, is licensed by the Malta Financial Services Authority as a ‘Category 2’ Investment Services Licence Holder providing the services of ‘Execution of Orders on behalf of clients’ in regards to online trading capabilities in OTC derivative products with emphasis on non-deliverable rolling spot foreign exchange contracts (currency, forex), contract for differences and major stock market indices. The Company in this respect shall act as a market-risk-less intermediary broker who straight through process (STP) the clients initiated orders to an eligible counterpart aka Liquidity Provider or Clearing Bank/Broker.
Contracts for Difference (CFDs) on spot Forex, spot precious metals, futures, shares or any other commodities available for trading are highly leveraged Financial Instruments and involve a high level of risk. It is possible that the Client loses all his/her invested Capital. Therefore these products may not be suitable for all types of investors and the Client should ensure that he/she has understood the risk involved and if necessary the Client should seek independent expert advice.
Brokersclub Ltd. (BTFX) supports the use of robots for clients using the BTFX Metatrader4 trading platform.
An Expert Advisor (EA) is an automated trading system written in MQL4 programming language and designed to operate on MetaTrader 4.
Brokersclub Ltd. (“BTFX”) is an independent legal entity and is not affiliated with MetaQuotes Software Corp. (“MT4”). MT4 is not owned, controlled, or operated by BTFX. Therefore, BTFX does not make any warranties regarding any product MT4 or service and has not reviewed or verified any performance results that may be presented and/or described on this website in relation to MT4.
There are no restrictions to the use of Expert Advisors on Brokersclub MT4 platform apart from unethical trading where strategies are programmed to specifically chase wrong prices.
It is recommended that a client thoroughly back-test any expert advisor or trading robots, as well as forward trade it on a demo account for several weeks before using it on a live account. Please note that actual trading results may not correspond to optimized or back-tested results.
All software is to be used at your own risk. The Company cannot be held liable for any financial losses incurred through the use of third party software. The Company has no input or association with the development of the automated trading software or the expert advisors since these are exclusively developed and supported by third parties other than the Company. The Company does not receive any form of financial benefit from permitting the use of Expert Advisors.
Trading operations using additional functions/plug-ins made available through the Electronic Trading Platform provided by or developed using the Expert Advisor are executed completely and exclusively under the Client’s responsibility and at his/her own risk. The Company bears no responsibility whatsoever for the outcome of such trading and reserves the right to accept or reject at its own discretion the use of additional functions/plug-ins. In case these additional functions/plug-ins affect the reliability and/or smooth operation and/or orderly functioning of the Company’s Trading Platform the Company may immediately terminate, by way of written notice the relationship with the Client.
Disclaimer Regarding Usage Of Electronic Trading System Including MetaTrader Expert Advisor Clients agree to accept full responsibility for the use of the electronic trading platform and for any orders transmitted through the electronic trading platform. BTFX does not accept any liability for any discrepancies or results related to customers utilizing MetaTrader Expert Advisors automated trading programs. Customers are strictly liable for their use of Expert Advisors and all trading activity conducted thereon. BTFX expresses a neutral position on customer’s use of Expert Advisors. Any and all unexpected openings or closings of positions initiated by the Expert Advisor, whether relevant to system error or otherwise, falls outside the ambit of BTFX responsibility, and therefore, BTFX cannot be held liable for such actions or results thereof.