Technology Vector Saves Big on White Label Brokerage Start-up Cost with Fully Customized Solutions

White label service is a popular option among forex brokers and start-ups, where they put their names on another company's trading platform as their own to significantly reduce their maintenance and implementation fees. 

After MetaQuotes stopped selling MT4 in January 2018, many forex brokers have been forced to turn to MT5. So a forex start-up now usually has 3 options: MT4 white label, MT5 full ownership, or MT5 white label.

It is commonly known that full MT5 server cost starts from 5,000 USD per month for 1000 accounts basic package, according to MetaQuotes. However, smooth operation of a fully-owned MT5 requires a professional IT team, timely maintenance, server hosting, to name a few, which may cost another 10,000 and more at the very beginning of a business. Other than budget burden, a new market player may also find it difficult to meet all the tech requirements to ensure smooth and steady running of the platform. All the efforts would be all in vain if the broker cannot appropriately handle abrupt server failure or cyber attacks.    

Combining all cost, a full MT5 trading platform may cost USD 22,000 or more per month, which is unacceptable to many start-ups, on top of intangible cost in organizing a team for maintenance. Hence, MT4 or MT5 white label would be a better choice, which usually cost USD 7,000-8,000 per month, covering a wide range of services including tech support, payment gateway, mobile App, CRM, website design, plug-ins, PAMM, MAM, etc.

But what if a forex start-up wants a lower price or has a quite limited budget? Or if the company wants to start a trial for several months before finally adopting the white label service? 

Technology Vector provides the most competitive price for brokers of all sizes with optional tools to save budget. Their price offer for MT4/5 White Label starts from 6000 EUR including the fee to MQ. White Label cost includes monthly payment to MQ. Large amount of instruments including crypto instruments. Technology Vector's approach is very flexible. Clients can choose Technology Vector to set up WL platform but design website themselves, and find another PSP to setup payment gateway to further cut budget. 

Choosing Technology Vector as a technology provider for your brokerage company, you can be sure of a full package of services at the most competitive price without hidden costs, guaranteeing free integration of payment, communication and trading tools.