MT5 grey label cost in 2026: what drives the price and how to read a

How much does an MT5 grey label cost in 2026?

An MT5 grey label costs whatever the provider charges for the scope you buy, because there is no official price and no reference product to compare against. Two offers that both say “grey label” can differ by a wide margin and still both be fair, simply because one includes a branded WebTrader, apps and a CRM and the other is a single client group with stock terminals.

First, what you are buying. An MT5 grey label is a brokerage set up inside another company’s licensed MetaTrader 5 server: you get your own client groups and your brand on the WebTrader, mobile apps, CRM and client portal, while the MT5 server licence stays with the provider. You are paying for a share of someone else’s licensed infrastructure plus the branded layer around it, which is why a grey label is normally the lightest of the MT5 routes to start with.

We do not print figures on this page. Numbers copied from vendor blogs go out of date within months, they rarely say what is included, and they encourage comparisons between packages that are not alike. What stays useful is the structure: which lines a quote should have, which costs move with your volume and which ones appear only after you sign. If you want current figures, message us on WhatsApp with a rough idea of your markets and client numbers, and we will send them for your setup.

Why do grey label prices vary so much between providers?

They vary because “grey label” covers very different products, very different commercial models and very different licence arrangements underneath. MetaQuotes does not sell anything called a grey label, so each provider defines the package for itself.

The first difference is scope. One provider’s grey label is a client group on a busy server with standard MetaQuotes terminals; another’s includes a branded web platform, iOS and Android apps, a CRM with KYC and payments, and an IB module. Both are called grey labels and both are priced as one.

The second is the commercial model. A provider that takes a share of your spread or commission can afford a light setup fee, because it is betting on your volume. A provider that charges a flat monthly fee and no share needs that fee to cover its own server and licence costs from the first month. Neither is better in the abstract; they suit different volumes.

The third is the licence underneath. The provider pays MetaQuotes for its own MT5 server licence, and how much headroom that licence has, and how the provider spreads its cost across its grey labels, flows straight into your quote.

What are you actually paying for in a grey label fee?

You are paying for four things: setup work, a recurring platform fee, often a share of trading revenue, and add-ons. Ask any provider to split its quote along these lines, because a single bundled figure hides most of what you need to compare.

How does the MetaQuotes licence behind a grey label affect your price?

It sets the provider’s own cost floor. Every grey label sits on a server that someone has licensed from MetaQuotes, and that licence carries a monthly fee the provider has to recover from its grey labels.

MetaQuotes does not publish its prices. Its order page describes three MT5 licences by real-account capacity: Entry, Standard and Enterprise. In the MetaQuotes applications we handle for clients, the monthly fee depends on the tier chosen, and where the Entry tier is chosen MetaQuotes asks for three months to be paid upfront. A provider on a smaller tier has less room for grey label accounts, which is one reason providers watch how many live accounts each grey label uses.

For you this matters in two ways. A provider close to its account capacity may push prices up or slow down onboarding; and if you later outgrow the grey label, the same tiers describe what your own licence would look like. Our own MT5 licence guide explains that route.

How does revenue share work in a grey label?

In a revenue-share grey label, the provider keeps an agreed part of the trading revenue your clients generate — usually the markup on spreads, sometimes commissions too — and either pays you the rest or invoices you for its share. The percentage matters less than the definition of “revenue” in the contract, so start there.

The arithmetic is simple and worth doing before you sign. A flat monthly fee stays the same when your volume doubles; a revenue share doubles with it. So a revenue-share deal is usually the cheaper option in a quiet first year and the more expensive one once the book grows. Work out the volume at which the two lines cross, and ask whether the contract lets you switch model when you pass it.

• A share of “spread” can mean the whole spread you show clients or only your markup above the raw liquidity price. On tight-spread accounts the two readings produce very different bills.
• Check whether the share applies to commissions, swaps and inactivity fees as well, or only to spread.
• Ask who calculates the figure, from which MT5 report, and whether you can see the underlying deal data each month.
• Ask whether there is a minimum monthly amount, payable even if your clients trade little.
• If you run any B-book flow, ask whether the provider takes part in client losses. That is a different business arrangement from a technology fee, and it changes who has an interest in how your clients trade (see A-book, B-book and hybrid execution).

What drives the price of an MT5 grey label?

Scope drives the price more than anything else: how many front ends you need, how much of the back office is included and how much control you get over trading conditions. A grey label for an introducing broker with one client group and a branded WebTrader is a different job from a multi-group setup with apps, CRM, an IB tree and copy trading.

• Front ends are where scope creeps most. Each extra platform has to be kept up to date, and apps have to pass store review again whenever Apple or Google change their rules.
• The CRM layer is often priced separately. Our forex CRM cost guide explains what drives that line.
• Liquidity choices change both the setup work and the monthly fee. See liquidity provider integration.

What should a grey label quote contain?

A usable grey label quote names the licence holder, lists every fee as its own line and states the terms that decide what happens when you grow or leave. If any of the lines below is missing, ask for it in writing before you compare the offer with anything else.

What hidden costs sit outside a grey label quote?

The costs most often left out are payment processing, per-client KYC checks, app store accounts, liquidity minimums, legal work and the cost of leaving. None of them are unusual; they simply sit with you rather than with the provider, and a quote that does not mention them is not dishonest, just incomplete.

• Payment service provider fees and reserves for card and local payment methods.
• Per-check KYC and AML screening fees from the verification vendor, which scale with sign-ups rather than live accounts.
• Apple and Google developer accounts in your company’s name, and the time spent on review. Apple’s guidelines expect trading apps to be submitted by the financial institution providing the service; our app store approval guide explains what that means in practice.
• Liquidity provider minimum deposits or monthly minimums, if you connect your own liquidity.
• Company formation, licensing and legal advice in the jurisdictions where you market, none of which a grey label replaces.
• Exit costs: data export fees, early-termination fees and the work of moving clients to a new server if you change provider or upgrade.
• Extra languages, custom features and changes requested after launch, usually billed per change or by the hour.
• People: support, dealing and compliance staff, which no platform package includes.

How do you compare two grey label quotes line by line?

Put both quotes into the same structure — setup, monthly, revenue share, add-ons, terms — and model a realistic first year rather than the first month. Most grey label quotes look similar at launch and quite different at month twelve.

1. Ask for a split quoteRequest setup, monthly fee, revenue share definition, add-on prices and payment terms as separate lines. Decline bundled numbers.
2. Fix your assumptionsUse the same client numbers and monthly lot volume for every quote: a cautious year-one figure and a figure for the year after, if things go well.
3. Model twelve monthsAdd setup, twelve monthly fees and the revenue share at your assumed volume. Repeat at double the volume, because that is where revenue-share deals get expensive.
4. Add the costs outside the quotePayments, KYC checks, app store accounts, liquidity minimums and legal work. They are the same for both providers only if both cover the same scope.
5. Price the exitRead the termination clause, notice period, data export terms and any fee for handing over MT5 account history. A cheap provider that holds your client data hostage is not cheap.
6. Check the licence chainAsk who holds the MT5 server licence your groups sit on and whether that agreement allows grey labels for your type of business. Our grey label providers checklist lists the questions.

Which questions should you ask a grey label provider before signing?

Ask the questions whose answers change the cost after launch, not only the ones about the launch itself. Providers rarely volunteer these points, but a good one answers them without hesitation.

• Which company holds the MT5 licence, and does its agreement with MetaQuotes allow grey labels for brokers like mine?
• How many live accounts can my groups hold before the fee changes?
• Which fees can change after the first term, and how much notice will I get?
• Is there a minimum monthly charge or minimum volume?
• What exactly counts as revenue for the revenue share, and can I audit it?
• Whose developer accounts will the apps be published under?
• Is the CRM yours, a partner’s, or am I expected to bring one?
• What do I receive, and in what format, if I leave — and how long does handover take?
• Can I move to a white label or my own licence later without rebuilding the front ends?

Which cost structure suits which kind of brokerage?

The right structure depends on your volume, your cash and how soon you expect to outgrow the setup. A revenue share is light at the start and heavy at scale; a flat fee is the reverse.

How does grey label cost compare with a white label or your own MT5 licence?

A grey label is normally the lightest of the three routes to start, a white label sits in the middle, and your own MT5 server licence carries the most fixed cost but removes the provider’s cut and control. The order holds even though each route is priced differently by each provider.

For a licence held directly with MetaQuotes there is no public price list; the monthly fee depends on the tier, and in our experience the Entry tier comes with three months upfront. White label availability is a separate question that MetaQuotes decides case by case; our white label vs grey label comparison and the MT5 white label cost guide go through it. For the cost of the whole operation beyond the platform, see forex brokerage technology cost.

How does FXUP quote an MT5 grey label?

We quote each grey label individually and in writing, split into setup, monthly and any add-ons, once we know your markets, expected client numbers, liquidity plans and which front ends you need. We do not publish a price list because a one-group IB brand and a multi-group brokerage with apps and CRM are not the same job, and one number would mislead one of them.

A typical FXUP grey label goes live in about one to two weeks once documents, branding and liquidity are ready. It can include the parts we build ourselves: a branded WebTrader (Flutter front end, Go back end connected to MT5 through the MetaTrader 5 Web API), branded iOS and Android apps publishable under your own developer accounts, and bridge integration. For the back office we have our own broker CRM and also work with partner CRMs, and we propose whichever fits your operation. You can try the WebTrader demo and the mobile app demo before asking for a quote.

FXUP is an independent consulting and technology firm and is not affiliated with MetaQuotes. If you later want your own licence, we also handle MetaQuotes requirements and applications for clients, for a fee. If you already hold a grey label offer from someone else, send it to us on WhatsApp and we will tell you which lines are missing and what to ask. If you would rather start from scratch, ask us for current figures or use the contact form.

Questions buyers ask

Not covered here? Ask us on WhatsApp, message @FXUPCK on Telegram or write to [email protected].