The calibre of a brokerage company’s trading software has a major impact on its success.
Choosing a software supplier is a critical choice because this essential component comprises order execution systems, trading charts, and analytical tools.
The systems provided by MetaQuotes, which are widely regarded as the industry standard, are used by many FX brokers.
Brokerages have two options: purchase a complete server license from MetaQuotes or choose a more affordable white-label solution from other vendors.
However, what is a white-label solution from MetaQuotes exactly, and how can it help your brokerage?
The Definition of MetaQuotes Company
A group of Russian developers established MetaQuotes in 2000, a business that would completely transform internet trading.
Their breakthrough was achieved in 2005 with the release of MetaTrader 4 (MT4) after they had initially concentrated on analytics and charting.
Brokers soon started to love this platform because of its extensive research capabilities, sophisticated charting, and easy access to the market.
With the release of MetaTrader 5 (MT5) in 2010, MetaQuotes went beyond just Forex trading to include equities, commodities, and cryptocurrencies.
White Label Solutions: The Brokers’ Game-Changing Opportunity
Building a trading platform from scratch might be intimidating for newly established brokerage organisations. A more sensible option is white-label systems, which give users a customisable version of well-known platforms like MetaTrader 4 and 5.
These pre-built solutions come with all the essential components and let businesses add their own branding to them.
Comparing Third-Party White Label and. Direct Licence MetaQuotes
Brokers frequently assess the benefits and downsides of each option when deciding between a direct license from MetaQuotes and a third-party WL. White-label solutions offer customisation possibilities to suit a range of demands and are generally more economical and quicker to set up.
These fixes, though, can prevent you from using some advanced capabilities.
However, obtaining a direct license from MetaQuotes requires paying more.
It might need more technical know-how, but it gives you complete access to all of the platform’s features and direct developer support.
Usually, the broker’s long-term goals, technical expertise, and budget will determine the outcome. Third-party white-label MT4 and MT5 solutions provide an excellent option for numerous startups.
How to Choose Between White Label Solutions for MT4 and MT5
The differences between MT4 and MT5 as your MetaQuotes WL solution should be recognised when deciding. MT4, which specialises in Forex and CFD trading, has amassed a sizable and devoted user base and established itself as a reliable platform.
Beginner traders find it especially appealing because of its simple interface, making it easy to interact with and navigate the trading environment.
However, MT5 offers trading options for equities, commodities, cryptocurrencies, and Forex.
MT5 meets the needs of brokers who want to serve a wider variety of assets and traders who want more in-depth market insights with its more sophisticated analytical capabilities.
The choice between MT4 and MT5 will ultimately depend on your target market and the range of trading choices you choose to offer.
While MT5 is more suited for brokers seeking to draw in a diverse clientele with a range of trading interests, MT4 is still a formidable challenger for those focused on FX.
Notably, a lot of brokerages choose to provide both platforms in order to satisfy the varying tastes of traders.
Last Remarks
Due to MetaQuotes’ recent decision to stop distributing white-label licenses, which represents a significant shift in the sector, brokers now have to meet more stringent conditions or apply for direct licenses.
This shift forces smaller businesses and startups to investigate alternate platforms like cTrader or create in-house solutions.
Despite these obstacles, MetaTrader 4 and 5 are still widely used because of their strong reputation and abundance of features, making them the preferred platforms for many traders and brokerages across the globe.
