MT5 licence and forex licence glossary

An agreement with MetaQuotes to run the MetaTrader 5 platform under your company.

Offered in Entry, Standard and Enterprise tiers by number of real accounts.

The company that develops MetaTrader 4 and MetaTrader 5.

It licenses MT5 directly to companies after a compliance review.

Using another company’s MetaTrader server under your brand.

Increasingly restricted; many brokers now move to their own licence.

The online identity verification MetaQuotes uses.

Completed by the authorised signatory and the UBO.

Ultimate beneficial owner: the real person who owns or controls the company.

Must be identifiable behind any nominee or holding company.

A lawyer’s letter confirming the company may carry out its activities.

Used when no FX licence confirms the activity requirement.

A bank’s letter confirming the company holds an account in good standing.

For MetaQuotes it should be addressed to MetaQuotes.

A document listing a company’s current directors, shareholders and officers.

Issued by the registered agent.

Proof that a company is compliant with its registry.

Required by MetaQuotes for companies older than six months.

Authorisation from a regulator to provide FX/CFD services.

Examples: Mauritius FSC Investment Dealer, Bahamas SCB registration.

The Financial Services Commission, the regulator of non-bank financial services in Mauritius.

Issues Investment Dealer licences.

The FSC licence used by FX/CFD brokers in Mauritius.

Commonly the Full Service Dealer excluding Underwriting category.

Global Business Company: a Mauritius company for international business.

Holds the Investment Dealer licence.

The Securities Commission of The Bahamas.

Registers securities dealers under the Securities Industry Act 2024.

The Mwali International Services Authority of Mohéli, Comoros.

Issues IBCs and International Brokerage licences.

Another autonomous Comoros island issuing offshore licences.

Its licences face the same recognition questions as Mwali’s.

International Business Company: an offshore company for business outside its jurisdiction.

A Saint Lucia IBC can support an MT5 licence without an FX licence.

Real presence in a jurisdiction: office, staff and management.

Required by regulators such as the FSC and SCB.

The capital a company declares or pays in.

Regulators set minimums by licence category.

Money Laundering Reporting Officer.

A required officer for regulated brokers.

The person responsible for regulatory compliance.

Often approved by the regulator.

Payment service provider that processes client deposits and withdrawals.

A PSP confirmation letter can support a MetaQuotes file.

Straight-through processing: passing client orders to liquidity providers.

Often lower capital requirements than market making.

A broker that takes the other side of client trades.

Typically faces higher capital requirements.

A website statement of where the company does and does not offer services.

Required by MetaQuotes on your website.

A company that funds traders who pass an evaluation.

Since 2024 prop firms need their own MT5 licence to offer MetaTrader.

Evidence that the applicant company owns its website domain.

A registrar invoice, certificate or account screenshot showing the company.

A licensed provider that forms and maintains companies.

Issues many of the corporate documents MetaQuotes needs.