MetaTrader4 White Label (MT4 White Label) is a Forex Trading and Brokerage Solution created by MetaQuotes Inc in 2005. MetaTrader4 (MT4) is an electronic trading platform designed primarily for the community of online forex traders.
Many people believe that the metatrader 4 brokers south africa Trading Terminal is a FREE Forex Trading Software since anyone can download it for free from MetaQuotes’ website and open a DEMO account. However, an MT4 White Label Solution is needed to open a LIVE trading account, provide live price feeds, and execute trades for real money.
Backend module for Forex Brokers and Trading Platform for Clients or Traders are included in MT4 White Label. It can be linked to Live Market Feeds for currency pairs, CFDs, gold, silver, and crude oil, among other things. Since liquidity is essential for any brokerage to execute orders quickly, you can link your MT4 White Label to any Liquidity Provider of your choice.
Cost of MT4 White Label:
If you’re curious how much it costs to get MT4 White Label for your brokerage firm, look no further.To begin with, MetaQuotes does not explicitly sell MT4 White Label. They charge over USD 100,000 or more for an MT4 Admin License.
- Resellers whose primary business is to provide turnkey forex brokerage technology solutions, such as MT4 White Label, Broker CRM, Traders Room, Affiliate Module, PAMM, MAMM Software, Payment Gateway, Liquidity Providers, Forex Website, etc.
- Large Forex Brokers who want complete control and privacy of their business.
Charges for MT4 White Label Solution Providers:
The provider would apply a mark-up for the MT4 Admin license fee that they had to pay and monthly costs and benefits, so why would they run the company otherwise? However, they also offer add-on Forex Brokerage Solutions such as Broker CRM, Traders Room, Affiliate Module, PAMM, MAMM Software, Payment Gateway, Liquidity Providers, Forex Website, and others to help you run your company more efficiently.
An MT4 White Label Solution Provider can charge a setup fee of USD 1000 or more and monthly fees of USD 1500 or more. That is the bare minimum that we have seen MT4 White Label Solution Providers charge as a mark-up, which may range from thousands of dollars to hundreds of thousands of dollars.
To summarise, a turnkey Forex Brokerage Solution that includes fully branded, MT4 White Label with USD Broker CRM, Traders Space, Affiliate Module, PAMM, MAMM Software, Payment Gateway, Liquidity Providers, Forex Website, and so on could cost you USD 5500+ in Set Up Fee and USD 3000 in monthly charges for Desktop & Mobile App could cost you USD 5500+ in Set Up Fee and USD 3000 in monthly payments for Desktop & Mobile App.
A standard MT4 White Label Solution includes the following features:
- Trading Instruments such as Currency Pairs, CFDs, Gold, Silver, Crude, Cryptocurrencies, and others
- Classes of Trading Instruments so that different groups can be assigned to different sets of traders
- Affiliate & IB Module
- PAMM Module
- MAMM Module
- Trade Copier
- MT4 Liquidity Bridge that connects with Liquidity Providers
- Payment Gateway
- MT4 Liquidity Bridge that connects with Liquidity Providers
Most MT4 White Label Solution Providers package these brokerage solutions into three bundles, allowing you to start small and scale up as your business grows.
MetaQuotes’ KYC Requirement
When purchasing MT4 White Label, you must complete a KYC process with MetaQuotes, which your forex brokerage solution provider handles. The following is a list of documents and items that you may need to provide for KYC with MetaQuotes:
- Certificate of Incorporation.
Pro-tip:Â Make sure your company is registered in a country that allows you to trade forex online. It may be a problem if the company is written in a country that does not allow online forex trading, such as India.
- Copies of key person’s passports (front and back)
- Address proof (utility bills)
- MT4 White Label icon logo
- The name of the domain on which your brokerage website will be hosted.
Use terms like MT4, MT5, MetaTrader, etc., in your domain name as a last resort.
Payment Conditions
While you will find information about the MT4 White Label Solution on the internet, you can not find information about the Payment Terms, which are essential to understand before proceeding. Here are some essential details about MetaTrader4 White Label Payment Terms:
- If you choose MT4 White Label as your brokerage solution, you must pay both the Set Up Fee and the Monthly Fee upfront. Some brokerage solution providers will consent to partial payment, but you must pay both the Setup Fee and the Monthly Fee from the beginning.
- The monthly fee must be paid in advance on or before the 20th of each month.
- MetaQuotes only accepts payments from resellers (solution providers). You won’t be able to pay them directly.
- If you plan to change your reseller or solution provider, you must follow the same steps to create a new MetaQuotes account. It means you’ll have to pay the Set Up Fee and Monthly Charges all over again.
