Gold-i, a technology provider to brokers, announced this Thursday that it has formed a partnership with itexsys, a firm that also acts as technology provider to the brokerage industry.
The new partnership will see the two firms working together on itexsys’ MetaTrader 5 (MT5) white label offering. This offering enables existing brokers, or those looking to set up a brokerage, the opportunity to provide their clients with access to MT5 without having to pay for the requisite license.
This has two key benefits. It enables existing brokers to start offering MT5 without paying high licensing fees. This means they can assess whether it is an area of profitability for them and, if it is, they can continue using itexsys’ white label or pay for their own MT5 license.
The service is also appealing, in a slightly different way, to new firms looking to set up a brokerage. Put simply; this means they can set up a business with their costs lower than they would be, were they paying for an MT5 license themselves.
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Where, you ask, does Gold-i fit into this setup? Well, dear reader, one of Gold-i’s specialties is developing plug-ins for the MT5 and MetaTrader 4 (MT4) platforms. These include, but are not limited to, risk management capabilities and data analytics tools.
In fact, Gold-i and itexsys have already been working together for some time. As reported by Finance Magnates, the two firms formed a deal in 2015 that saw Gold-i providing set up, configuration, and technical support for itexsys’ MT4 white label clients.
It appears that this deal has been a fruitful one with Simon Blackledge, Co-Founder and Director of itexsys, stating today: “We have a long-standing partnership with Gold-i through our MT4 White Label and are delighted to continue to work with them as part of our new MT5 White Label. We believe Gold-i’s technology and technical support is the best in the industry.”
Warm words from the owner of a forward-looking firm and, with both companies’ expanding their client base in East Asia, the deal between them looks set to continue for the long-run.