When it comes to making the first steps in the Forex market, expenses are among the core elements taken into account by business owners. Beginner brokers are interested in cutting their start-up costs as much as possible. Restricting expenses is a slippery slope, as the FX industry is among the most fiercely competitive financial markets, and competitors are constantly right behind your back.
The art of successful business management lies in the constant search of the golden middle. The same principle works when a brokerage firm implements a trading platform.
MetaTrader products and their ultimate popularity
A trading platform is among the mechanic cores of your brokerage business, as such a component provides traders with access to the FX market and offers users a set of analytical instruments and trading tools.
The industry offers tens of trading platforms; meanwhile, MetaQuotes products (MetaTrader 4 and 5) are understood as top-rated solutions for brokerage businesses. First and foremost, these components are functional and convenient enough, carrying a set of advanced features and tools onboard. For sure, there are more functional and more convenient platforms; meanwhile, popularity plays a crucial role.
MetaQuotes products have already conquered the market, keeping the leadership firmly. The vast majority of educational videos, tutorials, and articles related to FX trading are based upon the MT4 or MT 5 functionality; this is why brokerage businesses have no choice but implement MetaQuotes products, adjusting their offers to clients’ needs and demands.
Business owners have two options to select: White Label solution of Server License. Let’s compare the pros and cons of every choice.
Server License for MT4/5: functions, prices, advantages
While talking about the server license for MetaTrader platforms, the following pros are outlined:
- A brokerage company gets the fullest control over clients’ accounts.
- A company is not dependent on an MT4/5 broker, setting up all the features on its own.
- As for disadvantages, users point out the following options:
- The fullest control over accounts is not as good as it sounds. Business owners will need to run trading servers and hire experts for managing them.
- The license doesn’t mean you will get all the updates automatically – those are purchased and installed separately.
- High prices are among the main cons – brokers will pay for the server license, installation, maintenance, and more.
Prices for the server license depend on the version. MT4 costs about $90 000, while the 5th version’s cost starts with $110 000. Installation and maintenance are not included.
White Label for MT4/5: core benefits
What are the principal advantages of MT 4/5 solutions connected through White Label?
- The service enables business owners to cut their expenses. Furthermore, a broker is free from trading servers and maintenance – WL providers are in charge of all the processes.
- Brokerage businesses access all the updates, spending no penny for them.
- All the settings are provided by a WL provider. Furthermore, brokers get access to 24/7 technical support.
As for the cons, all the weak points are circled around the limited access to clients’ accounts and the necessity to accord all the changes with a WL provider. In fact, the given cons do not matter for most brokerage firms.
Which side to join?
White Label MT4 and MT5 are the preferred solutions for more than half of FX brokers entering the industry. The benefits of such an option are evident. The only question remains – how to find the best provider? The market contains tons of offers, but a brokerage firm needs the best conditions and high-quality customer support.
B2Broker fulfills the demands of business owners. The company is known globally as a provider of technologies for brokerage firms, exchanges, funds, etc. Ultra-competitive conditions make such a solution even more beneficial for beginners.