The Advantages in Purchasing an MT4 Server License

Deciding whether to purchase an MT4 license is a critical decision for both new and established brokers alike. To begin, let’s first consider some of the advantages in acquiring an MT4 server license.

First, owning an MT4 license allows the forex broker to have complete autonomy over the business. There is no longer a need to ask the white label provider for new groups, wait for unique symbol markups or receive a decision about customization requests. Owning an MT4 license means the FX broker can manage the entire system “in house” without having to rely on a 3rd party white label provider for support.

Secondly, owning an MT4 license ensures that the forex broker can offer MT4 into the future without needing to rely on the decisions of the white label provider. Operating a forex broker as a white label always has the risk that the provider will decide to shut down the specific white label partner or end the program altogether. Naturally, having to rely so heavily on a 3rd party will always pose a business risk.

Finally, a forex broker operating their MT4 own server license has the ability to issue white labels. By offering white labels means that additional revenue can be generated from the license which simply wasn’t possible to obtain before.

What Are the Limitations of an MT4 Server License

Not just in FX but in business in general there are always tradeoffs to consider. When thinking about buying an MT4 license, forex brokers should be aware of the challenges that come along with it.

To start, managing and maintaining an entire server license will require more internal resources. At a minimum, the license owner will need an IT team to set up and configure the license. Additionally, the license needs to be hosted somewhere and it is up to the license operator to select the hosting provider.

Secondly, the costs in maintaining an MT4 server license are much higher than operating a white label. The hosting and IT requirements will naturally incur some costs. A forex broker owning an MT4 license must also consider the costs in maintaining a liquidity bridge, a pricing / liquidity provider, CRM, and any external plugins that may be required to operate the brokerage.

White Label vs MT4 License – Which is Better?

Ultimately, the decision comes down to the level of comfort the forex broker has with the responsibilities involved in operating a server license. If a forex broker has the necessary budget to cover the many costs in maintaining an MT4 license, then the decision is clear. If costs are tight and the broker is just starting off, then a white label may be a more attractive choice in the early stages.

Forex Consulting Services – Your Partner in Forex Broker Trading Technology

Our team of forex consultants are here to guide you in selecting the best technology to launch your forex broker. Whether it’s MT4 or an alternative technology, we can help you get started from the very beginning.

To learn more, don’t hesitate to contact us today.