What is an MTF4 White Label?

There is no doubt that when it comes to the provision of Forex services a brokerage company can be highly profitable. However, starting an FX brokerage firm from scratch can serve to be quite a hassle. This is where an MT4 White Label can offer you tremendous solutions and help you out in setting up your operations from the get-go.

What is a White Label?

Generally speaking white-label can be defined as a popular format of a partnership between two companies. This is where one company produces goods and services while the other one sells them under its brand.

In Forex, a white label is an affiliate program through which a founder of a new brokerage company can acquire the right solutions and infrastructure on a paid basis. Here the white label provider will supply MT4 or MT5 server segments and software mechanisms for conducting transactions on the external market.

This also includes a reliable backup system and building a global access server network. Thus essentially what a white label provider would actually do is enable a new brokerage company to enter the international financial market under its own brand. This will enable them to expand their range of provided services for the account of a prime broker.

What is MT4 White Label?

Available for operating systems including Android, iOS, and Windows, MetaTrader 4 is an electronic trading platform developed by MetaQuotes Software and ETX Capital. It is widely used by online retail foreign exchange speculative traders and was released back in 2005.

The software is licensed to foreign exchange brokers who provide the software to their clients and consists of both a client and server component. While the server component is run by a broker the client-server on the other hand is provided to the broker’s customers who can use it to observe live streaming of prices and charts.

The software can also be used to place orders as well as manage clients’ accounts. MetaTrader 4 became widely popular due to its main ability for end-users to write their own trading robots and scripts which enabled them to automate trading.  

Benefits of Using MetaTrader 4

Not only is MT4 the most popular trading platform with over 30% of brokers and over 50% of traders using it worldwide, but it is also one of the most stable and easy-to-use software. It comes with various features for technical analysis and trading. Here are some advantages of MT4:

·  Charts – the platform offers advanced charting capabilities that empower traders to analyze technical aspects of the market simultaneously.

·  Communication – there are advanced communication tools for brokers that are incorporated into the MT4 platform allowing them to post messages and communicate with traders in real-time.

· Customization – the platform fully supports customization features enabling traders to tailor their software to meet their trading needs and practices.

·  Expert Advisors – considered a very important feature, the Expert Advisors enable traders to automate their trades with customized EA to best fit their needs.

· Flexibility – engineered to support all currency crosses, the MT4 platform is able to trade other markets including commodities, equities, and futures.

· Language – with users around the globe using the platform the MT4 provides all of its data in their own native language through a wide range of available language features.

· Low Resources – unlike other platforms the MT4 isn’t heavy on resources and keeps the disruption of your PC to a minimum thus making it react faster and process traders’ requests immediately.

· Profiles – with the MT4, users can also view account information within the actual interface of the platform. This includes account balance, access details, and trading history to name a few.

· Security – Forex trading includes dealing with sensitive and private information and MT4 offers terrific security to protect you from the dangers of attacks or hacking of your account.

Final Word

It is important to note here that in 2010 MetaQuotes did release a successor to MT4 called the MetaTrader 5 however it was slow on the uptake and many brokers still use its predecessor. I hope this post was able to offer you insights regarding what is MT4 and how it can benefit you as a new brokerage firm. All the best for your future endeavors!