With a leading role in foreign exchange international stock market for more than 15 years with modern trading platform solutions. MetaQuotes has created the world-famous trading platforms Metatrader 4 (MT4) and the incumbent Metatrader 5 (MT5), gaining the trust of thousands of leading forex brokers.
The endless potential of MT4/MT5's online forex trading solutions has attracted many international investors and businesses to start a forex brokerage. In turn, they offer a method for millions of users to invest and execute trades on international financial markets.
Let's find out in this article the concept of MetaQuotes, MT4/MT5, and compliances that you need to pay attention to successfully register a company for the MT4/MT5 Whitelabel license.
1. What is MetaQuotes? What is MT4/MT5 to a forex broker?
1.1. MetaQuotes - The industry leader in software for brokers, banks and trading platforms
Founded in 2000, MetaQuotes is considered a leading software developer for forex companies, securities firms and banks worldwide. The MetaQuotes company has developed many well-known software applications, from the FX Chart platform to the world's most famous MT4/MT5 multi-asset trading platform.
1.2. MT4/MT5 trading platform - An indispensable product for forex brokerage firms.
Who can act as an Investment dealer or Broker?
In this article, an Investment dealer or Broker is understood as an investor who establishes a forex broker, or multi-asset training platform, takes on the intermediary role, or directly operates forex and securities trading platforms.
Investment dealers and forex brokers must have high credibility, expertise, experience, and reputation to be licensed to use reputable and trusted software and trading platforms worldwide, with typical examples being the MT4/MT5 Whitelabel licenses.
MetaTrader 4 Platform - What is MT4?
MetaTrader 4, better known as MT4, since its introduction in 2005, has grown into a giant in the online forex trading industry. This software is the first choice for forex brokers and stock trading companies worldwide.
To this day, many brokers opt to register a company for an MT4 Whitelabel license due to its unique advantages over the MT5 Whitelabel license.
1.3. MetaTrader 5 Platform - What is MT5?
In 2010, Metaquotes released an innovative successor to MT4: MetaTrader 5 (MT5). This new trading platform offers foreign traders superior features such as trading stocks, securities, CFD services, and more. MT5 became the more popular of the 2 platforms as of 7/7/2021.
To improve its reputation as a unit that brings financial safety to forex traders using trading platforms of brokerage companies, MetaQuotes is gradually tightening its Whitelabel policy. Now, MetaQuotes only grants the right to use its MT4 and MT5 trading platforms to competent, trusting brokers in the international market.
To maintain its reputation as a unit that brings financial safety to forex traders using trading platforms of brokerage companies, MetaQuotes is gradually tightening its Whitelabel policy. Now, MetaQuotes only grants the right to use its MT4 and MT5 trading platforms to competent, trusting brokers in the international market.
2. New MT4/MT5 Whitelabel policy - What has changed?
2.1. MetaQuotes new Whitelabel MT4/MT5 policy
MetaQuotes company has long provided MT4/MT5 Whitelabel service to forex brokers and brokerage firms. This Whitelabel policy is an effective solution at the early stage when opening a forex trading company to reduce start-up work with high operating costs. A White Label License for MT4/MT5 program allows a broker to customize and rebrand the MT4/MT5 trading platform as its own. It enables the broker to use their own logo, company name, and design elements while still benefiting from the core functionality and features of the MT4/MT5 platform.
However, the Whitelabel policy is gradually becoming more complex than ever as MetaQuotes increasingly tightens the company's business policy to more carefully select the truly qualified individuals and businesses who can use the MT4/MT5 trading platform. This new policy will allow MetaQuotes to maintain its status as a trusted sizeable financial software trading company and ensure credibility commensurate with its status.
Besides, this new policy is one of MetaQuotes' solutions on its journey. It provides a safe environment for trading forex and various assets. It reduces the risk of fraud and other bad behavior of brokerage firms or forex trading companies using MT4/MT5 trading platforms.
2.2. The impact of the new Whitelabel MT4/MT5 license policy
Individual Investors/Businesses wishing to register a company for the Whitelabel MT4/MT5 license are finding it hard to be onboarded by MetaQuotes. The increased difficulty in obtaining an MT4/MT5 Whitelabel license from MetaQuotes has been attributed to the company's higher requirements for forex brokers.
Most of the requirements come from demonstrating the level of credibility, the commitment to the business plan, and the individual/company's capacity overall. The requirements to demonstrate the company's credibility are the most important of the above conditions. Obtaining an MT4/MT5 Whitelabel license will become much less hassle if one satisfies this vital requirement.
To meet the new requirements of MetaQuotes, many international investors and brokerage firms have to change their business strategies and choose the proper jurisdiction to fulfill them.
For that reason, many are seeking the support of a professional service provider to make the onboarding process with MetaQuotes less burdening. Global Link Asia Consulting is proud to be the one people search for company registration and legal advice to obtain an MT4/MT5 Whitelabel license.
3. What are the current requirements for a new MT4/MT5 Whitelabel license at MetaQuotes?
To demonstrate their commitment to high credibility and safety, forex brokers and trading companies need to prove the credibility of the established company before applying for MetaTrader 4 and MetaTrader 5 Whitelabels.
Once you decide to become a forex broker, it is essential to register a company for an MT4/MT5 Whitelabel license in trustworthy jurisdictions. This helps increase the likelihood of getting a MetaQuotes Whitelabel license.
In addition, choosing the right jurisdiction can be the most critical decision to ensure high credibility while maintaining the cost of running the company reasonably. Global Link Asia Consulting will advise and assist you in choosing the right jurisdictions.
The most recent requirement, which will be the most difficult, is corporate bank account verification.
A broker must provide a certified reference letter or statement issued by the bank that verifies the existence of an active bank account, including the company’s registration number and registered address. This is to ensure that the broker is credible and reliable.
When determining which jurisdiction to incorporate, many brokers prioritize jurisdictions with the simplest and quickest company registration in terms of speed and cost. However, these brokers often encounter difficulties when trying to open a bank account for their company. Some have to give up on the newly-incorporated company and strive for another one in more trustworthy countries.
4. How can we help you successfully get an MT4/MT5 Whitelabel license?
It can be seen that registering a company for MT4/MT5 Whitelabel services is becoming more and more challenging than ever. That is why finding a professional service provider like Global Link Asia Consulting proves to be the choice that many international investors and companies prefer.
Global Link Asia Consulting, with 10 years of experience in company formation, tax and accounting in Singapore, the USA, Hong Kong, and Thailand, can help you
- Register your company in trustworthy jurisdictions;
- Open physical/traditional bank accounts for your needs.
- Submit necessary documents and tracking results with selected banks;
- Apply for MT4/MT5 Whitelabel licenses;
- Prepare documents and registration documents with MetaQuotes.
- Do accounting, and timely tax filing for your offshore companies.
5. FAQs when you register a company for MT4/MT5 Whitelabel licenses
MT4, since its first appearance in 2004, has created a breakthrough in the foreign exchange and the international stock markets. The successor to MT5, although bringing a significant improvement over MT4, has gradually become a popular software equal to and better than MT4.
On the one hand, many international individuals/enterprises worldwide have upgraded the MT4 software of securities companies and foreign exchange companies to the MT5 version with significant improvements. On the other hand, many companies still maintain the MT4 version to continue operating and trading on this famous platform.
One favorable option that many companies choose is to register both platforms and harness the power of MT4 and MT5 to their advantage.
The most significant difference between MT4 and MT5 is the user interface on devices from computers to phones. MT4 offers a classic layout focusing on simplicity and system support, including Expert Advisor bots (EA bots). MT5 has a more modern interface than MT5, with flexible support tools and advanced features.
MT4 is still famous with users today because of its simple structure and tools that automatically support without too much IT knowledge. For that reason, MT4 remains the favorite of start-ups and forex brokers. For that reason, MT4 remains the favorite of start-ups and forex brokers.
- Step 1: Global Link Asia Consulting advises opening a company, drafting contracts, and guiding businesses to make payments.
- Step 2: Global Link Asia Consulting receives the information, prepares documents, and sends an application to the relevant authorities
- Step 3: Global Link Asia Consulting advises the bank and proceeds to open an appropriate bank account for the established company
- Step 4: Global Link Asia Consulting supports preparing documents to register for an MT4/MT5 Whitelabel license.
We will support registering for trademark protection for company names, logos, etc. Trademark allows for better protection of the reputation and information of the company, thereby increasing the probability of success when registering to use the MT4/MT5 Whitelabel license with MetaQuotes.
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