MetaTrader 5, or more popularly known as ‘MT5’, is the latest edition multi-functional, multi-asset trading platform from the house of Metaquotes. Used globally by Forex, stocks, and futures traders, MT5 is designed for experienced traders as it is integrated with advanced components and numerous add-ons.
Whether you are a trading expert or just dipping your toes in the water, it is highly likely that you have heard the name MT5. How well do you know this globally renowned trading platform? We’re here to clarify.
This guide will explore the many facets of MetaTrader 5 and its features, functions, advantages, as well as its drawbacks. We also aim to show how MT5 can easily be customized to suit your trading journey.
White Label MT5: History
White Label MT5 – Historical Overview
Metaquotes launched the MT5 platform in 2010 as the successor of their wildly popular MetaTrader 4 platform, which had been the industry standard for trading platforms ever since its launch five years prior. Metaquotes, which serves both retail clients as well as white-label entities, has maintained high standards of excellence for over a decade.
MetaTrader 5 was released as a platform for Forex, stock, and futures traders who wanted to enhance their strategies by adding features that were missing in the streamlined MT4.
It’s clear that MetaQuotes users will argue that MT4 is not inferior to MT5, particularly in terms of user experience and trading functionality. This raises the question, why did MetaQuotes release the new version when the original was already a huge success? MetaQuotes is a dominant player in the trading platforms world, so competition is not an issue.
Nevertheless, just as technology has advanced rapidly over the past decade so too must trading technology evolve to meet the needs of this tech-savvy era. Some traders adhere to the adage, “If it ain’t broke, don’t fix it”, and continue using the original MT4. Others find that the basic technology is no longer sufficient. Traders with extensive trading experience and market knowledge are looking for enhanced capabilities.
MT5 White Label: Advantages
MetaTrader 4 may not be superior to its successor MetaTrader 5, but it is clear that each new software version brings with it a number of benefits that were absent in previous versions. MT4 is viewed by some traders as a relic from the past.
MetaTrader 5 offers a wide range of indicators and signals. This gives MT5 a significant advantage over its predecessors and other platforms. This attribute is highly valued by traders who love precision in their market maneuvers.
This multi-asset trading platform is unique in that it offers a wide range of technical analysis tools and trading options. MetaTrader 5’s white-label version includes a built-in market of trading robots and databases for freelancer strategy developers. It also offers copy trading and a virtual host service. It also hosts a community site that facilitates trader interactions, allowing them to discuss trading strategies, access many free trading robots, and subscribe to trading signals. They can also replicate the success of their peers.
MetaTrader 5 provides traders with unprecedented mobility. Users can trade via any web browser on a variety of devices, including PCs, smartphones, and tablets.
Meta Trader 5 White Label: MT5 Key Features
- Compatible with Windows, Mac, and Linux operating systems
- Operates as an independent system: No additional software or browser extensions are required
- Data protection that is reliable and robust
- Supports both netting position accounting and hedging systems
- One-click trading is enabled
- Offers advanced market-depth insights
- The software offers a choice of 3 chart types with 9 timeframes
- 30 indicators and 24 graphical elements: this is a powerful tool for advanced technical analysis.
- Market Watch provides real-time quotes
- Supports personal indicators
- Includes an economic calendar
Who Should opt for the MT5 user profile?
MetaTrader 5 is primarily designed for advanced traders, and it’s not by accident. Due to its complex features and supplementary components, the latest version of MetaTrader 5 is well-suited for experienced traders. MT5 allows traders to access pricing data and use non-tradable or specialized assets such as gold. This unique feature allows traders to increase margins on open positions for different instruments, and create custom financial symbols.
MetaTrader 5 is a great choice for day traders who are constantly navigating rapidly changing markets in short time frames. MetaTrader 5’s responsiveness, robustness, and potency make it an ideal platform for intraday strategies that capitalize on asset price changes.
MetaTrader 5: The Reason for Broker Adoption
Metaquotes has been encouraging clients to upgrade from MetaTrader 4 (the older version) to MetaTrader 5 with each new release note. MT5 offers unique features and benefits not available in MT4. However, many reputable Forex Brokers and White Label providers are reluctant to purchase new licenses. The same is true for traders, who are reluctant to abandon the programming language that they have become accustomed to.
Metaquotes has to convince traders to upgrade to MT5. This is a challenge, and it has led to independent Forex brokers as well as white-label providers not wanting to upgrade. The demand for MT5 has not yet surpassed MT4. This hesitancy may not be unfounded. After all, most traders are newbies and may not be able to use MT5’s more advanced features.
MT5 is a great tool for traders
Understanding the primary target audience for trading platform providers, average traders is key to understanding whether MT5 is appropriate for different traders.
Survey data from “Forex Statistic & Traders Results from Around the World”, offers valuable insights.
In 2021, 70% of global traders will have no more than 3 years of trading experience. Of this group, 31 % have been trading for less than one year. 23% of traders have experienced between 4 and 9 years, while only 7% have more than a decade in Forex trading.
Metaquotes is in a difficult position when these statistics are taken into consideration. MT5 is aimed at seasoned traders. However, the vast majority are not impressed by its features over MT4. Many of these improvements are beyond the comprehension and reach of the average trader. MT5 may be too complex for less experienced traders, which is why MT4’s white-label solutions are still popular in the forex industry.
Numbers Speak: Platform preference
As of 2021, the classic MT4 trading platform remains dominant, with a significant 85% of traders preferring it. MT5 is a worthy second-place finisher. This achievement is however overshadowed because only 6% of traders have adopted MT5.
Metaquote’s recent decision to discontinue the support for MT4 pushed brokers to embrace MT5 because it was a ‘MetaTrader or nothing’ scenario. These mounting pressures can’t be ignored.
Metaquotes’ MT5 software has been given a new lease of life.
By allowing equity brokers to provide software for stock exchange trading, a strategic effort is made to tap into another segment of the trading population.
Historical Evolution of Market Expansion
Meta Trader was primarily targeted at businesses looking for solutions in forex brokerage. MetaTrader 5 caters to a wide range of markets.
Cost Considerations for MT5 white label
Entrepreneurs who are starting a forex business have the option to purchase MT5 via a white-label solution or a server license. Each option has its own advantages and disadvantages. The decision should be based on the specifics and long-term goals of the business.
The white-label platform for MT5 is a more viable option for launching a Forex broker, given the high cost of acquiring a full MT5 server.
MetaQuotes seems to be promoting MT5 adoption among new brokers, without imposing a cost higher than its predecessor. Each Metaquotes White Label license comes with a $5,000 upfront flat fee, plus an additional $1,750 monthly support fee (inclusive of mobile and desktop versions).
Concluding thoughts on MT5
MetaTrader 5 is a powerful trading platform that offers a number of new features and enhancements. MetaTrader 4 is still a favorite amongst the MetaTrader 4 community. The decision to open a forex brokerage must be tailored according to the type and number of traders that the company is looking to attract. Is it to gather a large number of less experienced traders or to cultivate an advanced, experienced roster, regardless of the number?
It is wise to look for a Forex turnkey provider that offers both MetaTrader 4 as well as MetaTrader 5 if you are looking for optimal results. This flexibility allows businesses to choose a platform based on the type of traders they want to attract.
Currently, a small number of Forex turnkey solution providers offer packages that include both MT4 or MT5 platform options in addition to their proprietary trading platforms. Sirix is a platform that, despite being less well-known due to MetaQuotes’s dominance, has remarkable capabilities.
Leverate’s LXSuite, touted as the next-generation Forex turnkey solution, may be worth a closer look for both established and growing brokerage firms. This comprehensive package includes website creation for branding and includes:
- App and website with a personalized brand
- Top-tier security measures for data
- MetaTrader 4/5 Integration
- Sirix Web Trader and Sirix Social
- Access to Liquidity or Crypto Liquidity providers
- Facilitation of Trading Automation
- Support for Lead Generation
- Integration with leading payment solutions providers
- Customized Forex CRM Solutions
A thorough exploration of LXSuite is recommended to gain a better understanding of its benefits.
Also, we will address common questions:
MT5 is a secure and legitimate platform developed by Metaquotes. The company was founded in 2000. MetaTrader software was designed for brokers who operate in the Forex and CFD trading arenas.
MT5 is a multi-asset trading platform that caters to the Forex, Stocks, and Futures markets. The platform includes a complete set of tools for financial trading including technical and fundamental analyses, algorithmic trading, and copy trading.
MT5 is not only designed for Forex traders but also supports other financial markets. The platform allows you to trade commodities and individual stocks in cash.
Both MT4 and MT5 use distinct programming languages. MT5 has the advantage of faster backtesting, depth of market functionality, and MetaQuotes technical support. MT4 does not. Both platforms are excellent, but MT5 is more popular with experienced traders.
For each White Label, Metaquotes charges an upfront, flat fee of $5,000 and an additional monthly support fee of $1,750 a month (mobile and desktop version included in the fee).
