What does MCP stand for?

MCP stands for Model Context Protocol. It is an open standard that lets large language models (LLMs) connect securely to external tools and data sources, including trading platforms, using a single shared interface rather than custom-built integrations.

Is MCP tied to a specific AI provider like Claude?

No. MCP is an open protocol, not a proprietary integration. Any AI assistant that supports MCP can connect to any MCP-compatible tool. If you change AI assistant in the future, the integration moves with you and there is nothing to rebuild on the account side.

Can an AI assistant connected via MCP trade automatically on my behalf?

No. MCP-connected AI assistants act only when you give an explicit instruction in the conversation. They do not run on a schedule, generate trading signals, or operate autonomously. This is the key distinction between MCP-based AI assistance and algorithmic trading.

Can an AI assistant withdraw or transfer funds from my trading account?

No. AI assistants cannot withdraw, deposit, or transfer funds at any permission level. This capability is never exposed through the MCP connection, regardless of whether you grant read-only or full access.

Which ThinkMarkets platforms support MCP?

MCP is available through ChelseaAI, ThinkMarkets' MCP server, on ThinkTrader only. It is not available on MT4 or MT5. Permissions are set by you per account and can be changed or revoked at any time.

What Is MCP? The Open Protocol Explained

Academy AI-Trading What is MCP? The open protocol behind AI trading