Multiple factors forced midak to abandon the construction of MT4 and MT5 platforms?

As mentioned above, a series of advantages that help MT4 and MT5 occupy the global market can be summarized in two words: convenience. MT4 and MT5 are the most cost-effective choices for brokers and traders.

However, in the context of the continuous development of the foreign exchange industry, new challenges also appear: more and more Shanzhai platforms have trapped a group of traders with the help of MT4 and MT5.

At that time, majdak was faced with two major problems and was forced to make changes:

First, piracy is rampant, and MT4 and MT5 have become nightmares for many regulators.

Second, the earning power of MT4 and MT5 is declining, so midak needs to find new ways to increase revenue.

We analyze these two problems one by one.

Michael doesn't want to control piracy.

How harmful are pirated MT4 and MT5? Yan Wei summarized the following points:

First, the data is incorrect and not updated, so it is vulnerable to hacker attacks.

Second, some platforms can not only tamper with the market without permission, but also disclose automatic clearing, automatic cancellation of bills, margin calculation errors and other contents, seriously damaging the interests of traders.

Third, there is no supervision, no guarantee, and the safety of funds is in doubt.

Didn't midak fully expect the rampant piracy? Yan believes that this is impossible.

When MT4 and MT5 came out, midak once claimed that the biggest feature of this trading program was that it was easy to develop.

From a technical point of view, small programs called EA (expertadvisor) in MT4 and MT5 are procedural trading methods with the lowest development threshold. Because the whole software system of MT4 and MT5 is highly closed, and all kinds of functions are quite complete from the transaction end to the control and list after the typhoon, it is quite easy to develop pirated programs.

It doesn't matter if you don't understand the technical terms. Just remember one thing: since midak has set a simple and convenient tonality for MT4 and MT5, it is inevitable that this software will be cracked and copied crazily. As for rampant piracy, majdak's attitude is quite contradictory.

On the one hand, due to the growing dissatisfaction of regulators and the complaints of stranded traders, midak must make some responses. On the other hand, in order to completely eradicate the piracy of MT4 and MT5, the human and material resources that need to be invested need to be considered.

In 2009, majidak faced a crucial test. After being successfully cracked by former r&d insiders, pirated MT4 and MT5 complete systems are sold wildly all over the world, with the lowest price of only about $180 (about 2000 yuan).

The cracked versions of MT4 and MT5 circulated on the Internet are set with advertisements, and the price is amazing.

Using pirated MT4 and MT5 platforms to enter the market at a low cost and make crazy profits by taking advantage of the regulatory gap has not only become a thorn in the eye of regulators in various countries, but also pushed majdak, who has done a good job in risk control in a timely manner, to the forefront of public opinion. When this happens, piracy has reached a point that cannot be ignored.

Subsequently, majidak responded. Since version 5.0.0, MT4 and MT5 can only download installation packages remotely from the official server of majdak, so as to fundamentally prevent the proliferation of pirated MT4 and MT5. But at this time, there are more and more performance problems of MT4 and MT5, which makes majdak think of thorough reform. This accusation has become another fuse for Mazak to put MT4 and MT5 in the cold.

After version 5.0.0, all genuine MT4 and MT5 need to be downloaded through majdak terminal server.

Making money is the eternal theme of shopping malls.

To know the earning power of MT4 and MT5 platforms, we must first understand several concepts.

Main mark and white mark: the so-called main mark is the MT4 and MT5 software that majdak sells directly to the platform. Because of the high cost, the platforms that can buy the target are generally large securities companies with strong strength, and these customers are also the most important business leaders of motak. As for white label, it is the technical services provided to other platforms by large traders and technology companies dominated by white label.

The fees charged by majdak to brokers mainly include monthly rental fees and licensing fees. Before 2017, the service fee of MT4 and MT5 was $1500 per month, and the authorized purchase fee was $75000. However, since January 2017, these two expenses have been increased to $2000 and $100000 respectively.

In addition, the average initial installation cost of MT4 and MT5 white labels ranges from $15000 to $30000, the monthly rent of PC is $1000, and the monthly rent of app is $750. As for other technical service fees for setting up white standards for the platform, they are not subject to majdak's supervision, and are determined according to the standards of the main standard company and the corresponding functions of MT4 and MT5.

This sales plan did make majdak a lot of money at the beginning of its establishment, but by about 2009, the company could not be satisfied with its current income level.

Moreover, in connection with the above problems, majdak is facing a difficult choice: piracy is rampant, and white label income is bound to decline significantly, but is it not worth spending a lot of human and material resources to control piracy?

In view of the fundamental problems in the design of MT4 and MT5, which are easy to replicate, the balance in majdak seems to be gradually tilting.

Rather than continue to grapple with the problem of MT4 and MT5 piracy with securities companies and regulators, it seems that it is better to show courage and determination to develop a new software that can subvert the industry again.

Therefore, MT5 came into being. However, this new flagship product bearing majdak's high hopes does not seem to have reached its due height.