MetaTrader is an online trading platform allowing Forex traders to trade on several assets.
The two platforms are offshoots of the same parent company and are used extensively by Brokers and traders alike. For anyone looking to launch a brokerage and for clients looking to choose a trading platform, knowledge of MT4 and MT5 is quite beneficial.
If you're looking to create an MT4 grey label, an MT5 grey label , MT4 grey labels with full server, turnkey grey label forex broker solution , and/or MT5 with full liquidity, turnkey grey label forex broker solutions, you probably realize that the platform you choose is a major differentiator for your business and your end users’ trading experience.
In this instance, we will see which solution is more tailored to your business needs, and you can also find an MT4 vs. MT5 comparison further in this guide.
MetaTrader4 (MT4) has a simple interface, is highly successful, and is an exceptional platform for Forex traders . Once MT4 was released in 2005, it gained vast popularity and became the preferred platform for millions of Forex traders.
MT4 is known for:
Many brokers still offer MT4 grey label broker solutions due to the platform's strong market recognition.
What is MT5?MetaTrader5 (MT5) is the trading platform of the future that has been designed based on the feedback and experiences of users of MT4.
MT5 supports:
MT5 grey label has better performance and advanced charting and trading tools.
As a result, many modern brokerages are shifting toward MT5 grey label solutions .
| Feature | MT4 | MT5 |
|---|---|---|
| Forex Trading | ✓ | ✓ |
| Stocks & CFDs | Limited | ✓ |
| Timeframes | 9 | 21 |
| Technical Indicators | 30 | 38+ |
| Economic Calendar | ✗ | ✓ |
| Market Depth (DOM) | ✗ | ✓ |
| Multi-Threaded Processing | ✗ | ✓ |
| Hedging Support | ✓ | ✓ |
| Strategy Testing | Basic | Advanced |
| Order Types | 4 | 6 |
While MT5 provides additional features, MT4 has built a large and loyal client base and is known for its user friendliness.
Brokerage startups have to make an important choice between MT4 grey label and MT5 grey label.
Existing traders and prospective clients like and understand MT4 and prefer to use the platform.
Large EA MarketplaceThousands of trading robots and indicators are available for MT4.
Lower Learning CurveNew traders can quickly adapt to the platform.
Proven StabilityThe market has tested MT4 for nearly two decades.
MT5 supports multi-asset trading from a single platform.
Better ScalabilityIdeal for brokers planning long-term growth.
Advanced AnalyticsEnhanced charting and market analysis tools.
Improved PerformanceFaster processing and better server efficiency.
Future-Focused TechnologyMost new brokerage launches now prioritize MT5 infrastructure.
When launching a brokerage, server infrastructure is a major consideration.
MT4 Server SetupAn MT4 server setup typically includes:
While MT4 remains effective, obtaining new server licenses has become increasingly limited.
A complete MT5 server setup includes:
MT5 infrastructure is generally considered more scalable and technologically advanced.
MT4 is often chosen by:
MT5 attracts:
The choice largely depends on trading objectives and experience level.
For new brokerage startups, MT5 is often the preferred choice because:
It supports more asset classes.
However, brokers targeting traditional forex traders may still benefit from offering an MT4 grey label broker solution due to strong market demand.
Many successful brokers operate both MT4 and MT5 simultaneously to maximize client acquisition.
Launching a brokerage from scratch can be expensive and time-consuming. This is why many entrepreneurs choose a forex grey label broker solution .
Grey label packages typically include:
This allows brokers to enter the market quickly without investing heavily in infrastructure development.
For businesses looking to launch a professional brokerage, FXGreyLabel offers comprehensive brokerage solutions, including:
Your brokerage saves on set-up costs and has faster time-to-market with these solutions.
MT4 remains an excellent option if you prefer an uncomplicated solution that will please your legacy forex clients .
If you're looking for something with a more flexible, modern design and that is more future-facing with the ability to work with multi-class assets, MT5 Grey Label would be a better platform.
MT5 is likely to be the best option for flexibility and functionality for most new brokerages today. Although, a combination of platforms would likely engage a broader audience of traders.
MT5 is the future of MetaTrader technology, but due to MT4’s popular legacy and large global customer base, we assume MT4 will be around for quite some time.
An MT5 Server Setup will include trading servers, backup infrastructure, risk management modules, liquidity, admin tools, web trading and much more.
Forex Grey Label solutions reduce startup costs, speed up brokerage launch timelines, provide ready-to-use infrastructure, and simplify operational management for new brokers.
With FXGreyLabel, you may experience the Power of Forex Excellence. Fill out the form below and one of our experts will connect with you.
