JURISDICTION GUIDE
MT5 Grey Label by Jurisdiction
Your MT5 grey label doesn't need its own license — but most brokers still pair it with a corporate entity. Here's how BVI, Mauritius, and Comoros Union compare.
Your MT5 grey label doesn't need its own license — but most brokers still pair it with a corporate entity. Here's how BVI, Mauritius, and Comoros Union compare.
An MT5 grey label removes the need for your own MT5 server license, but it doesn't remove the need for a legal entity to hold client funds, sign client agreements, and process payments. Most first-time grey label brokers choose a lighter-touch offshore jurisdiction rather than a full Tier-1 license at launch.
| BVI | Mauritius | Comoros Union | |
|---|---|---|---|
| Typical setup time | 6–10 weeks | 8–12 weeks | 4–8 weeks |
| Positioning | Globally recognized, strong legal standing | Tier-1, high-trust regulatory framework | Fast, cost-efficient market entry |
| Best fit for | Brokers wanting international banking access | Brokers prioritizing reputation and banking trust | Brokers who want to launch fastest at lowest cost |
| XacUsd track record | 40+ projects guided | 50+ projects guided | 35+ projects guided |
Full detail on each: BVI Licensing · Mauritius Licensing · Comoros Union Licensing.
Get to market in 4–8 weeks on a budget-friendly structure while you prove the business model.
As banking and client trust requirements grow, many brokers move to BVI or Mauritius without disrupting their MT5 grey label setup, CRM, or client base.
XacUsd's licensing desk and grey label setup work together, so a jurisdiction upgrade doesn't mean starting your brokerage over.
You don't need it for the MT5 platform itself — that runs under the grey label provider's license. Most brokers still register a corporate entity like BVI, Mauritius, or Comoros to legally hold client funds and sign client agreements.
Comoros Union is typically the fastest, with a 4 to 8 week setup timeline, making it a common choice for brokers who want to launch quickly and cost-efficiently.
Mauritius is generally regarded as the strongest of the three, positioned as a Tier-1 jurisdiction with a well-established regulatory framework.
Yes. Many brokers start with a faster, lower-cost jurisdiction like Comoros and later upgrade to Mauritius as the business scales — your MT5 grey label setup and client base don't need to change when you do.
See the legal and regulatory picture in full in our Legal Status, Risks & Contracts guide.
Is it legal? Regulation, vs Introducing Broker, risks, and what's in the contract.
Read the GuideCRM, liquidity, server, terminals, and mobile app — how the infrastructure works.
Read the GuideRevenue share, affiliate/sub-IB structures, and setup requirements before you launch.
Read the GuideSetup fees, recurring costs, and how it compares to a full white label.
Read the GuideTalk to our licensing desk — we'll match the entity to your launch timeline and budget.
Talk to Our Licensing Desk