The MT5 alternative
a new broker can still get.
MetaQuotes stopped issuing new MetaTrader 5 white-label licences in late 2022. SteraTrader gives a new brokerage its own branded iOS and Android app, web terminal, back office and API, from $249 a month with no setup fee.
At a glance
SteraTrader vs MetaTrader 5
| SteraTrader | MetaTrader 5 | |
|---|---|---|
| New white-label licences | Available today | Not issued since late 2022 |
| Setup fee | $0 | $5,000 – $15,000 via a licence holder ² |
| Monthly platform fee | $249 – $3,900 | $1,000 – $5,000 ² |
| Public price list | Yes | No |
| Mobile app under your brand | From the Scale plan | Depends on the licence holder |
| REST API for your CRM | Included and documented, every plan | Depends on the provider |
| Automated trading | Through the REST API | MQL5 Expert Advisors |
² Industry estimate; this vendor prices by negotiation. Ask for a current quote.
Why brokers switch
What SteraTrader does differently.
Launch without a licence holder
No reseller between you and the platform, and no five-figure setup fee before your first client.
Priced to start small
$249 a month for 100 live accounts, and dormant accounts are free.
A modern mobile app
Full-screen charts, drag stop loss and take profit, swipe actions and batch trading.
An API, not a plug-in
Plain HTTPS and JSON for accounts, balances and trades, with safe retries.
Fair is fair
Where MetaTrader 5 is strong.
Choosing a platform is a long decision. Here is what it genuinely does well.
- Almost every retail trader already knows MetaTrader.
- The MQL5 library of Expert Advisors and indicators is very large.
- Years of maturity and a wide ecosystem of third-party tools.
Questions
Before you switch.
Is SteraTrader a replacement for MetaTrader 5?
For a broker or prop firm, yes: it covers the trading terminals, back office and API a brokerage runs on. It does not run MQL5 Expert Advisors; automated trading uses the REST API.
Can I still get an MT5 white label?
MetaQuotes stopped issuing new MT5 white-label licences in late 2022. New brokers go through an existing licence holder, or take a full server licence from about $10,000 upfront.
Can I move my clients from MT5?
Accounts, groups and balances can be created in bulk through the API, and the Growth plan and above include hands-on migration help.
MetaTrader, MT5, cTrader, Match-Trader and TradeLocker are trademarks of their respective owners. SteraTrader is not affiliated with, endorsed by or sponsored by them. Figures researched September 2026.
Moving from MetaTrader 5?
A 30-minute call: we set up a sandbox with your symbols and brand, then trade it together on web and phone.