MT4 & MT5 White Labels Discontinued – Important Changes to MetaQuotes White Label Policy

Over the past decade, the barriers to entry have gone up significantly in the online forex & CFD trading industry. It wasn’t so long ago that one could register a new forex broker in an offshore jurisdiction, easily obtain a bank account along with payment services and then grow the brokerage.

The ease in starting a forex broker with low capital and limited banking hurdles is now in the past. Forex broker licensing has now become a must for any startup looking to seriously compete in the online forex & CFD trading industry. As we’ve pointed out, banking for new forex brokers is almost impossible to secure without having some type of financial license. This week the bar has been set even higher due to a recent policy change for those wishing to use MT4 and MT5 (MetaQuotes) technology.

MetaQuotes No Longer Offers MT4 or MT5 White Labels

As of this writing, MetaQuotes has effectively discontinued white labels. It is no longer possible to obtain an MT4 white label, this service has been permanently discontinued. The only option for new forex broker is obtain a full MetaTrader 5 license. The ability to launch a brokerage via an MT5 white label provider is no longer a possibility.

What does the Suspension of MT4/MT5 Labels Mean for New Forex Brokers?

The implication of this policy change is that MetaQuotes now only offers their services to licensed brokers. There is no longer the ability to operate as a sub-label or “underneath” an existing broker / white label vendor.

This change in policy implies that a forex broker license will now be a pre-requisite for using MT5. Effectively, it will not be possible to use MT5 unless the new broker can prove it has a corporate bank account in the name of the registered / licensed entity. E-wallet type of bank accounts or PSPs are not sufficient enough based on our knowledge. Those looking to use MT5 will need to obtain a full service license.

Prop Trading Now Requires a Financial License

The change in white label policy also applies to prop / proprietary trading firms. Based on our research, MetaQuotes will not make an exemption for prop trading firms, which implies a financial license will also be needed to launch a new forex prop firm. Existing prop trading firms using MT4 or MT5 have been grandfathered in but policy can change at any time. In fact, we recommend any prop firm currently using MT5 to strongly consider alternative technology in order to avoid any disruption in business.

Explore Software Alternatives with Atomiq Consulting

With barriers to entry going up significantly, it is no longer cheap, quick nor easy to launch a forex broker with MT4 or MT5. It is still possible, however, to quickly launch a forex broker using our custom technology. We eliminate the red tape and also keep costs reasonable with our fully customizable forex brokerage technology.

To schedule a demo and learn more about our custom technology, contact us today!

Have a look at some of the additional services our clients have found to be helpful in the growth of their business.