Yes, a brokerage firm should use MT4. MT4 is an industry-leading platform that provides traders with powerful tools and features. The platform is user-friendly and easy to use, which makes it ideal for beginners and experienced traders alike.
MT4 and MT5 are two different platforms that are not compatible with each other, and this means that you will need to create a separate account if you want to use both platforms.
MT4 broker white label solutions are primarily designed for forex. However, it can be used to trade other financial instruments as well. These include CFDs, futures, and indices. The MT4 platform is very user-friendly and is available for use on both desktop and mobile devices.
An MT4 white label allows a brokerage to offer its clients the MetaTrader 4 platform with the broker’s branding. The cost of an MT4 white label depends on the number of bridge connections required as well as other factors. Some MT4 white labels can be had for as little as $1200 per month, while others may cost upwards of $4000 per month.
MT4 is a good choice for brokers who are just starting out in business. It is easy to use and has a wide range of features that can be beneficial for a brokerage. It also has a good reputation in the industry, which can help to build trust with potential clients.