Myself, dont have much knowledge about the functioning of these technology or equity providers.
Maybe Pharaoh can help.
Screenshots show an live Mt4 Metaquote platform (since hedging positions), is the platform really operative, or just print outs ?
All I know, normally Metaquote sells the Mt4 license for some 100ths US, only to regulated entity’s, and not so sure if its possible to change the firms logo, shown on the platform.
Secondarily, a brokerage firm may also acquire platform use for much cheaper, via Metaquote’s white labeling, involving one small up front payment and further monthly payments. (if still current )
How these servers are hooked up to the real markets and equity providers or not, NO IDEA !