We are often approached by clients interested in either acquiring an MT4/MT5 license or obtaining a MetaTrader white label. A common question are asked is about the cost of an MT4 or MT5 license. There are some important points to note here, which will be the subject of our discussion.
Is MetaTrader 4 Still Available?
In January of 2018, MetaQuotes officially announce that their MetaTrader 4 product would be officially discontinued. For those asking about the cost of an MT4 license, the answer is that it is no longer possible to obtain one. It’s important to note, however, that MT4 will be phased out. This means that it is still possible to obtain an MT4 white label; MetaQuotes simply will not provide any new versions of the software.
Focus on MT5
The main reason for discontinuing MT4 was to focus on the MT5 product. MetaTrader 5 offers far more features than MT4 and was a necessary upgrade as it was simply too difficult to add on so many enhancements to the existing product.
Advantages of MT5 are the ability to code algorithsm, known as Expert Advisors with much higher precision. MT5 also offers the ability to integrate nearly all financial products available for trading directly to the exchange, for example stocks and futures.
Forex Consulting Expertise
If you are looking to obtain an MT4 white label or acquire an MT5 license, don’t hesitate to contact our team of FX industry specialists. We are happy to discuss the pricing with you in more detail, weigh the pros and cons of owning a license vs a white label and address any other questions you may have. We look forward to hearing from you!