kappi vs MQL5 Signals: Who Can Delete Your Track Record?

	kappi	MQL5 Signals
Price	$15/month	Free to publish; 20% of the fee if you sell subscriptions
Where you trade	Any broker, or your own journal	MetaTrader 4 or 5 only
Robinhood, Webull, TradeStation, IBKR	All of them	None — no US broker runs MetaTrader
US stocks & options	Both	Neither — no US stock or options broker runs MetaTrader
What it proves	You named the trade before the fact	The account's fills are genuine
Can be named in advance	Yes — hand over your handle before the trades	No — the signal begins when you register the account
Who can delete the record	Nobody — the anchor is public	MetaQuotes, without giving a reason
Account requirement	None	A real account; demo, contest and cent are deleted

What does MQL5 Signals actually do?

It monitors a live MetaTrader account and publishes it. You register the account with its investor password, MetaQuotes' signal server reads the trades directly from the broker, and the result is a public page with a growth chart, balance and equity curves, drawdown, profit factor, win rate, account age in weeks, and the full trading history.^[2] Publishing costs nothing and needs only an MQL5.community account.^[3]

That is a real verification product, it is free, and it is the default for the millions of traders already inside MetaTrader. Any honest comparison starts by saying so. If you trade forex on MT4 or MT5 and someone asks for a track record, this is the cheapest credible answer in existence and you should probably have one.

Who can take the record down?

They can. Section I of the rules is explicit: the Administration has the right to remove any Signal from the service without giving any reason.^[1] There is no accusation in pointing that out — every hosted service reserves something like it, and MetaQuotes has more reason than most, since the same page is a copy-trading storefront they are liable for.

It does decide what kind of evidence the record is. A record held inside a platform belongs to that platform: it is shown on their terms, and it does not travel if the account closes or the company does. kappi anchors the Merkle root publicly, so the proof outlives kappi — anyone can verify the log without kappi's cooperation, and the record stays yours.

The record also stops if you change your own investor password, since that is the credential the signal server reads with; the rules require it stay fixed for the life of the signal.^[1] A track record with a credential-rotation dependency is a track record you can end by doing routine account hygiene.

What stops someone running ten accounts?

Nothing does, here or anywhere else — including at kappi, where a second sign-up costs a second subscription and nothing more. Account limits are not enforceable and no honest comparison should pretend otherwise. What differs is when the identity is fixed. An MQL5 signal starts when the account is registered, so a trader holding several MetaTrader accounts registers whichever one is worth publishing.

A kappi handle can be handed to someone before the trades exist: it is public, it can be the handle the trader is already known by, and every commit made after that moment lands on it. There is no per-trade hide — the switch is the whole profile — so a record named in advance cannot quietly be swapped for a luckier one started later.

That is the whole survivorship answer: give someone the handle first, and the ten-accounts question stops being about trust. Nobody has to believe the record they were shown is the only one — they watched this one from before it had any results to select.

Which brokers does it work with?

Any broker running MetaTrader 4 or 5 — which is most of the forex and CFD world, and none of the US equities world. No US stock or options broker runs MetaTrader, so Robinhood, Webull, TradeStation and Interactive Brokers cannot produce an MQL5 signal at all. If you trade US options, this product is not expensive, it is unavailable.

kappi is broker-agnostic. Commits are made from the Chrome extension, so any brokerage works — or your own journal, kept wherever you already keep it. No import, no account linking, no requirement to trade inside someone else's platform.

Free, and what that buys

Free is the right price for what it is: a monitoring feed attached to a copy-trading storefront. The service earns when you sell subscriptions, taking 20% of the fee, and selling requires Seller registration with photographs of a passport or ID.^[1] The page exists to recruit subscribers, so it is optimised for the metrics that sell a signal — growth, drawdown, reliability — rather than for the question a prop firm or a partner is asking.

Broker-import journals prove what you did after the fact, from data you control. kappi timestamps what you said you would do, before you knew how it would turn out, on a record you cannot edit.

When should you pick MQL5 Signals?

When you trade on MetaTrader, want a free and widely recognised attestation that your fills are real, and are happy for the record to live on the platform that hosts it. If you also want subscribers, the storefront is the point and no proof product replaces it.

When should you pick kappi?

When you trade anything MetaTrader does not reach, which for a US trader is most things. When the question is what you called rather than what your account did. And when the record has to be one that nobody — kappi included — can remove. Your notes and your trades stay yours until a time of your choosing. A commit is timestamped and sealed the moment it is made, so precedence is fixed immediately, but nothing is readable until you let it open. You decide when it becomes public; you cannot change what it says.

$15 a month, $12.75 through a referral link, and no free tier.