MetaQuotes Targets Liquidity Bridge Market with New Ultency Pricing Model

MetaQuotes, the developer of MetaTrader platforms, has launched a new pricing model for its Ultency solution that removes fixed monthly fees and shifts costs entirely to traded volume. This move directly challenges the economics of third-party bridge providers used by MT5 brokers.

A Direct Challenge to Third-Party Liquidity Bridges

The company announced on Tuesday that it is eliminating the minimum monthly service fee for its Ultency matching engine. Instead, it will now charge clients on a purely volume-based model at $1 per $1 million traded, with progressive discounts for higher volumes.

In its announcement, MetaQuotes positioned the new structure as a direct challenge to prevailing market practices. It published a breakdown of what it described as the “true cost” of using third-party aggregation systems.

According to the company, brokers often face monthly base fees of $1,500 to $7,000 for a liquidity gateway. They also encounter additional charges for connecting multiple liquidity providers and hosting infrastructure in major data centres.

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Most MT5 brokers currently rely on third-party liquidity bridges to aggregate quotes from multiple liquidity providers, route orders, and manage execution and risk. These solutions typically integrate directly with the MT5 server. They support low-latency execution, A- and B-Book routing, and FIX connectivity.

Specialized vendors dominate the segment, offering plug-ins and gateways with depth-of-market aggregation, markup controls, and embedded risk-management tools. Pricing models range from fixed monthly fees to bundled access tied to preferred liquidity providers.

Pricing Transparency Raises Open Questions

However, MetaQuotes did not disclose Ultency’s previous pricing structure, making it difficult for brokers to assess the actual cost impact of the change on a like-for-like basis. The company’s savings calculations are framed against a generic “average market solution,” rather than named competitors or existing Ultency contracts.

At the time of publication, no brokers had publicly commented on how the new pricing model compares with their current arrangements or whether it represents a material improvement over established third-party bridges.

The move reflects MetaQuotes’ broader effort to deepen its control over the MT5 ecosystem. It offers native alternatives to external infrastructure providers.

By positioning Ultency as both a pricing and integration advantage, the company challenges the business models of vendors that have built liquidity aggregation and risk solutions around MetaTrader.