metaapi.cloud FAQ

What is Metaapi.cloud primarily designed for?

Metaapi.cloud is primarily designed to provide powerful, reliable, and fast API access to MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading terminals, enabling developers to build and automate forex trading applications.

Read more about metaapi.cloud:
Metaapi.cloud Review & First Look: A Deep Dive into its Forex API Offerings
Metaapi.cloud Features: An Examination of its Technical Offerings and Their Implications
Metaapi.cloud Pros & Cons: A Balanced View for Ethical Considerations
Metaapi.cloud Alternatives: Ethical and Productive Technology Solutions
Is Metaapi.cloud Legit? Examining Transparency and Claims
Does Metaapi.cloud Work? Performance and Reliability Claims
How to Cancel Metaapi.cloud Subscription: Navigating Account Management
How to Cancel Metaapi.cloud Free Trial: A Step-by-Step Approach
Metaapi.cloud Pricing: Unpacking the Costs and Ethical Implications
Metaapi.cloud vs. Competitors: A Comparative Look (Ethical Lens)

Is forex trading permissible in Islam?

Generally, conventional forex trading, especially with leverage and involving overnight swap fees (interest or Riba) and excessive speculation (gharar), is not considered permissible in Islam.

Profits derived from such activities are often seen as akin to gambling rather than legitimate trade.

Does Metaapi.cloud facilitate Riba (interest)?

Yes, by facilitating conventional forex trading, which commonly involves rollover interest (swap fees) on leveraged positions, Metaapi.cloud’s services contribute to and enable activities that include Riba, making it problematic from an Islamic perspective.

What are the main ethical concerns for a Muslim using Metaapi.cloud?

The main ethical concerns include the facilitation of Riba (interest), promotion of excessive speculation (gharar), resemblance to gambling (qimar), and lack of real asset exchange, all of which are impermissible in Islamic finance.

What kind of APIs does Metaapi.cloud offer?

Metaapi.cloud offers a range of APIs including MetaApi API for terminal data and trade history, CopyFactory API for cloud trade copying, MetaStats API for trading statistics, MT account management API, MetaTrader Manager API for server management, and a risk management API.

Can I access real-time market data through Metaapi.cloud?

Yes, Metaapi.cloud allows you to retrieve historical market data from your broker and receive real-time prices data, as well as ECN Level-2 market depth data for selected symbols.

Does Metaapi.cloud support both MT4 and MT5?

Yes, Metaapi.cloud claims to offer the “same stable API for both MT4 and MT5,” supporting any MetaTrader broker. Metaapi.cloud vs. Competitors: A Comparative Look (Ethical Lens)

How fast is trade copying with Metaapi.cloud’s CopyFactory API?

Metaapi.cloud claims its CopyFactory cloud trade copying API provides “instant trade copying (trade copying code executes in about 1 millisecond).”

Does Metaapi.cloud offer a free trial for its services?

Yes, Metaapi.cloud offers a 7-day trial for its Regular and Extended subscriptions, which can be activated only once.

How much does a Metaapi.cloud Regular subscription cost?

A Metaapi.cloud Regular subscription costs $30 per month, excluding VAT/GST, with additional API access billed on a “pay as you go basis.”

What is the price of the Extended subscription?

The Extended subscription costs $100 per month, excluding VAT/GST, and also includes “pay as you go” API access billing.

Is there a fixed price for the Business subscription?

No, the Business subscription requires users to “Estimate costs,” indicating custom pricing tailored for large businesses and negotiable based on specific needs.

What is the cost of the MetaApi MetaTrader Manager API add-on?

The MetaApi MetaTrader Manager API add-on costs $125 per MT server per month.

How do I cancel my Metaapi.cloud subscription or free trial?

You would typically cancel your Metaapi.cloud subscription or free trial by logging into your account portal, navigating to your “Subscriptions” or “Billing” settings, and following the on-screen prompts to manage or cancel your plan.

What happens if I don’t cancel my free trial before it ends?

If you do not cancel your free trial before it ends, it will automatically convert into a paid subscription, and your chosen payment method will be charged.

Are there any ethical technology alternatives to Metaapi.cloud for Muslims?

Yes, ethical alternatives include platforms for workflow automation like Zapier or Make, API development tools like Postman, code collaboration platforms like GitHub, and serverless computing services such as Amazon Web Services (AWS) Lambda, Google Cloud Functions, or Microsoft Azure Functions.

Metaapi.cloud Pricing: Unpacking the Costs and Ethical Implications

What kind of projects can I build using ethical technology alternatives?

You can build applications for ethical businesses (e-commerce for halal goods), educational platforms, community management tools, data analysis for productive sectors, automation for non-profit organizations, and any software that creates real, permissible value.

Does Metaapi.cloud offer any Sharia-compliant services?

The website does not mention or claim any Sharia-compliant services.

Its core offerings are for conventional forex trading, which is generally not Sharia-compliant.

Is Metaapi.cloud a scam?

Based on its detailed technical descriptions, structured pricing, and professional website, Metaapi.cloud appears to be a legitimate technical service provider in the conventional sense, not a scam.

However, its ethical permissibility for Muslims is highly questionable.

Why is it important for Muslims to avoid platforms like Metaapi.cloud?

It is important for Muslims to avoid platforms like Metaapi.cloud because they facilitate financial activities (forex trading) that are generally considered impermissible in Islam due to elements of interest (Riba), excessive uncertainty (gharar), and resemblance to gambling, which can lead to financial distress and violate core Islamic principles.