If you are a forex trader, you know the importance of using MetaTrader 4 (MT4) as your trading platform. MT4 is a popular trading platform that offers a wide range of features to help traders analyze the market and make informed trading decisions. However, to use MT4, you need to obtain a server license. In this article, we will discuss everything you need to know about the MT4 server license cost.
What is MT4 Server License?
MT4 server license is a license that allows brokers to use the MT4 trading platform. It is a software license that gives brokers the right to use the MT4 trading platform on their servers. The license is issued by MetaQuotes, the company that developed the MT4 trading platform.
How Much Does MT4 Server License Cost?
The cost of MT4 server license varies depending on the number of accounts that the broker wants to manage. The license fee is charged on an annual basis. The more accounts the broker wants to manage, the higher the license fee. The cost of MT4 server license ranges from $1,000 to $10,000 per year.
Factors That Affect MT4 Server License Cost
There are several factors that affect the cost of MT4 server license. These include:
Number of Accounts
The number of accounts that the broker wants to manage is one of the most important factors that affect the cost of MT4 server license. The more accounts the broker wants to manage, the higher the license fee.
Location of the Broker
The location of the broker also affects the cost of MT4 server license. Brokers located in developed countries such as the United States and Europe may pay more for the license compared to brokers located in developing countries.
There are different types of MT4 server licenses available. The cost of the license varies depending on the type of license the broker wants to obtain. For example, if the broker wants to obtain a white label license, the cost may be higher compared to a regular license.
Brokers may also need to pay extra for additional features such as mobile trading, web trading, and other advanced features.
How to Obtain MT4 Server License
To obtain an MT4 server license, brokers need to contact MetaQuotes and fill out an application form. The application form requires brokers to provide information such as the number of accounts they want to manage, their location, and the type of license they want to obtain. Once the application is approved, the broker can obtain the license by paying the license fee.
In conclusion, MT4 server license is essential for brokers who want to use the MT4 trading platform. The cost of the license varies depending on several factors such as the number of accounts, location of the broker, license type, and additional features. Brokers can obtain the license by filling out an application form and paying the license fee. As a forex trader, it is important to understand the cost of MT4 server license to make informed trading decisions.