Since it arrived in 2005, MetaTrader 4 has been the leading platform in the industry. However, there has been a visible shift in the trend as brokers increasingly favour MetaTrader 5.
MetaTrader 5 is revolutionising the market with its exceptional dependability, effectiveness, and extensive features, prompting businesses to integrate the MT5 trading platform into their brokerage operations. To achieve this, one of the most cost-effective and convenient methods is implementing the MT5 White Label solution.
MT5 White Label Solution: A Brief History
In 2010, MT5 was introduced by MetaQuotes to succeed their widely popular MetaTrader 4 platform. MetaTrader 4 has dominated the trading platform market since its launch five years earlier, and MetaQuotes has been a dependable provider in the industry for over a decade.
MetaQuotes has served both individual retail clients and white-label partners, establishing its status as a reputable provider in the industry.
In January 2023, there were over 10 million active users of MT5, a notable surge compared to the previous year. Incorporate this platform into your brokerage. It can give your business a significant edge over your competitors, increasing your trustworthiness and attracting a more diverse clientele due to the widespread popularity of MT5 among traders.
Why Should Brokers Consider MT5 White Label Solution?
A platform that can smoothly integrate with liquidity providers and offers a variety of features like copy trading and bonus programs is crucial for brokers. Moreover, they give importance to functionalities that enhance trading communities, such as social trading and PAMM systems, which make sharing trading signals among accounts easier.
The following is a synopsis of the MT5 WL platform’s key features:
- Server Infrastructure
The complete infrastructure of the MT5 trading platform, just like any other White Label solutions, is readily available for immediate use. This infrastructure includes vital components such as the trading interface, back office configurations, an efficient client management CRM solution, and the trader’s office — an adaptable workspace that enables traders to manage all aspects of their trading efforts.
- Integration Solutions
The role of integration solutions is vital to the proper functioning of a White Label solution. Their main responsibility is to ensure the integrity of the primary process that the solution either operates alongside or complements.
Integrating multiple systems or services can enhance the capabilities of a White Label solution within its intended scope. This integration provides a solid foundation for developing, implementing, and scaling custom applications and functionalities within the product.
- Server Extensions
An additional module can be incorporated into the local servers of the MT5 trading platform to store particular values, enable different modes, and improve migration efficiency. This module is known as a server extension.
Users can produce complex combined structures and arrays of program code, which broadens the potential to integrate and personalise third-party components within the system smoothly.
- Liquidity Pool Access
The MT5 White Label platform can link numerous liquidity sources, ensuring dependable and high-speed buy and sell transactions. It provides the benefit of accessing a deep liquidity pool despite the solution’s package or configuration.
The MT5 White Label Solution Cost-Influencing Factors
Numerous brokers are often perplexed by the exorbitant cost of MetaTrader 5 White Label solutions in online trading. Therefore, in this respect, let’s examine the basic factors that influence the pricing of MT5 White Label services.
- Comprehensive Customisation
The cost of MT5 White Label mainly depends on the platform’s wide range of customisation options. MT5 is renowned for its adaptability, providing brokers with robust tools to tailor the platform to their needs. This level of customisation goes beyond basic branding, allowing brokers to integrate exclusive features and functionalities seamlessly.
- Licensing Charges
The MT5 White Label cost includes a significant portion devoted to licensing fees required by MetaQuotes Software, the developer of the MetaTrader platforms. By obtaining a license, brokers can access cutting-edge technology, ongoing improvements, and support services. These licensing fees are essential for the continued development of the platform, ensuring that brokers provide clients with a contemporary and competitive trading environment.
- Strengthened Security Protocols
Security is a top priority within the financial industry, and MT5’s robust measures play a vital role in the overall cost structure. The platform employs advanced encryption protocols and security features to safeguard financial transactions and client information.
Strict security measures are crucial today, where cybersecurity is a top concern. Despite increasing the cost of the MT5 White Label, these measures are necessary to maintain the reliability and trust of the trading ecosystem.
Verdict
Employing the White Label model in the MT5 trading system is an excellent way to offer traders and investors a comprehensive trading process incorporating the latest advancements and innovations, thus ensuring an entirely novel trading experience.