If you’re planning to launch your forex broker business or expand your existing operations, choosing between an MT4 grey label and an MT5 grey label can be a crucial decision. Both platforms offer powerful features, but the one that fits best depends on your goals, target audience, and long-term vision.
What is a Grey Label in Forex Trading?
A grey label is a cost-effective way for new brokers to start their trading operations without buying a full license from MetaQuotes. Instead of a direct license, you operate under another broker’s license with your own branding.
Whether it’s mt4 grey label or mt5 grey label, you’ll get access to the core trading platform, plus the ability to add custom branding, integrate a forex CRM, and offer trading services to your clients.
Quick Overview: MT4 vs MT5
| Feature | MT4 Grey Label | MT5 Grey Label |
| Release Year | 2005 | 2010 |
| Programming Language | MQL4 | MQL5 |
| Order Types | 4 | 6 |
| Market Depth | ❌ Not Available | ✅ Available |
| Multi-Asset Trading | ❌ Forex Only | ✅ Forex, Stocks, CFDs |
| Speed & Performance | ✅ Fast | ✅ Faster |
| Strategy Testing | Single-threaded | Multi-threaded |
| Hedging Support | ✅ Yes | ✅ Yes |
Benefits of MT4 Grey Label
The mt4 grey label is still extremely popular, especially among brokers targeting emerging markets and beginners in forex trading.
Advantages:
- Lower Cost: MT4 grey label setups are generally cheaper, perfect for new businesses on a budget.
- Familiar Interface: Most traders are familiar with the MT4 layout and tools.
- Strong EA Community: A large number of Expert Advisors and custom indicators are available.
- Easy to Use: MT4 is known for its simplicity and lightweight structure.
If your goal is to start fast, keep costs low, and cater to entry-level traders, mt4 grey label is still a reliable choice.
Benefits of MT5 Grey Label
An mt5 grey label offers more advanced technology, faster performance, and a broader market scope — ideal for brokers wanting to future-proof their business.
Advantages:
- Multi-Asset Support: Unlike MT4, MT5 supports not just forex, but also stocks, commodities, and CFDs.
- Advanced Trading Tools: Market depth, more order types, and a more powerful strategy tester.
- Better Performance: It uses 64-bit architecture and supports multi-threading.
- Regulatory Readiness: MT5 is often preferred by regulated brokers due to its compliance features.
If you want to offer professional-grade tools and plan to scale, an mt5 grey label is the smarter long-term investment.
Cost Considerations: MT4 vs MT5 Grey Label
While the mt4 grey label remains more budget-friendly, it’s important to consider future costs of switching platforms. If you expect your brokerage to grow and eventually want to upgrade to a mt5 white label, it may be more cost-effective to start with mt5 grey label now.
What About White Label Options?
When comparing grey and white labels, white label gives you full control, server access, and complete independence.
- MT4 white label and mt5 white label options are ideal for established brokers.
- They require more capital and technical support.
- You’ll also need your own risk management, support, and IT teams.
If you’re just starting, a grey label with a strong forex CRM might be better. Once you build your client base, you can upgrade to mt4 white label or mt5 white label when you’re ready to take full control.
CRM Integration: A Must-Have
No matter which platform you choose, a powerful forex CRM is essential for managing clients, onboarding, payments, support tickets, and marketing.
CRM integration should support:
- KYC/AML workflows
- IB and affiliate tracking
- Client dashboards
- Auto notifications
- Multi-wallet systems
Both mt4 grey label and mt5 grey label platforms can connect easily with modern forex CRM systems, allowing smooth automation and growth.
How to Choose Between MT4 and MT5 Grey Label
Ask yourself these questions:
- What’s your target market?
MT4 is better for retail traders. MT5 suits advanced or institutional clients. - What assets will you offer?
If it’s just forex, MT4 is enough. For multi-asset offerings, MT5 is the right choice. - What’s your budget?
MT4 setup costs less, but MT5 offers better future-proofing. - Are you planning to scale?
If yes, MT5’s architecture and features will benefit your long-term goals. - Will you need regulation support?
MT5 has better tools for meeting regulatory requirements and audits.
Conclusion
Choosing between mt4 grey label and mt5 grey label comes down to your brokerage’s short-term goals and long-term vision. If you’re looking for a simple, low-cost entry into the trading market, MT4 still holds value. But if you’re aiming to build a scalable, modern, multi-asset forex broker, MT5 is the clear winner.
Whichever platform you choose, ensure you pair it with a robust forex CRM and set up a clear roadmap for upgrading — possibly to a mt5 white label or mt4 white label solution in the future.In the competitive world of forex trading, making the right tech decisions today can help you grow faster and succeed tomorrow.
