The online forex trading market is growing rapidly, and more entrepreneurs are looking to become a forex broker. But one of the biggest decisions when starting your brokerage is choosing between an MT5 Grey Label and an MT5 White Label. Each option has its own features, benefits, and costs.

What Is an MT5 Grey Label?

An MT5 Grey Label allows you to offer the MetaTrader 5 trading platform to your clients under your brand—without owning a full license or hosting your own server.

Instead, you operate under a main broker’s license. That broker owns the actual MT5 license and infrastructure, while you customize the platform with your logo and branding. This setup is ideal for startups or small firms entering the forex trading space.

Benefits:

• Lower cost to start
  
• Faster setup (often 1–2 weeks)
  
• No server maintenance required
  
• Offers the MT5 experience to clients
  

With an MT5 Grey Label, you can launch your forex broker firm quickly while keeping expenses under control.

What Is an MT5 White Label?

An MT5 White Label is a more advanced solution. You still use the MT5 platform, but you get full control over your trading environment, server, and back-office management.

Unlike a grey label, the MT5 White Label requires a higher upfront investment and deeper technical knowledge. However, it gives you more independence, allowing you to connect directly with liquidity providers, adjust spreads, and manage your risk models.

Benefits:

• Full control over your platform
  
• Direct relationship with liquidity providers
  
• Custom trading conditions
  
• Greater long-term flexibility
  

If you’re building a large-scale brokerage and want maximum customization, an MT5 White Label may be the better choice.

MT5 vs. MT4 – What’s the Difference?

Both MT5 Grey Label and MT4 Grey Label options are available. Similarly, you’ll find MT5 White Label and MT4 White Label solutions from most technology providers.

Here’s a quick comparison:

• MT4 Grey Label: Simpler and widely used. Good for FX-only trading.
  
• MT4 White Label: Offers basic control with familiar UI.
  
• MT5 Grey Label: Supports multi-asset trading, faster execution, and modern tools.
  
• MT5 White Label: Full control and scalability with all MT5 features.
  

While MT4 Grey Label is more affordable and suitable for FX-only brokers, the MT5 Grey Label gives you access to a broader range of assets like stocks, commodities, and crypto.

Feature Comparison: MT5 Grey Label vs. MT5 White Label

Both options can be integrated with a forex CRM, which helps manage clients, sales teams, and affiliates.

Why Your Business Needs a Forex CRM

Whether you go with a grey label or white label, you’ll need a powerful forex CRM. This tool helps automate your business operations and improve customer service.

A good forex CRM includes:

• Multi-level agent tracking
  
• Automated lead follow-ups
  
• KYC and onboarding tools
  
• Internal ticket system
  
• Real-time data sync with MT5/MT4 platforms
  

With the right forex CRM, your forex broker firm can operate smoothly and scale faster—no matter which label model you choose.

Which One Is Right for You?

Let’s break it down by use case:

Choose MT5 Grey Label if:

• You are just starting your forex trading firm
  
• Your budget is limited
  
• You want to test the market before scaling
  
• You prefer a fast, ready-made solution
  

The MT5 Grey Label offers a low-risk way to enter the trading industry. Many successful brokers start this way and later upgrade.

Choose MT5 White Label if:

• You have a larger budget
  
• You want full control over your platform
  
• You’re ready to deal with server, compliance, and liquidity
  
• You plan to scale or offer institutional services
  

The MT5 White Label gives you complete authority over the broker operations and branding, making it ideal for those planning long-term market dominance.

Don’t Ignore MT4 Options

If your clients are more familiar with MetaTrader 4, you can also consider:

• MT4 Grey Label for a quick, affordable launch
  
• MT4 White Label for more platform control
  

Both are still widely used, especially in markets where MT4 is the preferred platform. The right choice depends on your region, client expectations, and expansion goals.

Conclusion

Choosing between MT5 Grey Label and MT5 White Label depends on your budget, goals, and technical expertise. If you’re a startup looking for a low-cost, fast-launch solution, go for the MT5 Grey Label. If you’re an experienced forex broker ready to scale and need full control, the MT5 White Label is your best option.No matter which path you choose, integrating a robust forex CRM and offering excellent trading services will set you up for long-term success.