Platform Comparison
MT5 Grey Label vs DXtrade
DXtrade by Devexperts is a popular alternative for prop firms. Here is how it stacks up against MT5 Grey Label on price, speed, and trader adoption.
Quick Answer
MT5 Grey Label lets you offer MetaTrader 5 to your traders without owning a MetaQuotes license. DXtrade is a standalone platform from Devexperts, often used by prop firms that want to avoid MetaQuotes entirely. The key difference: MT5 Grey Label costs less, launches faster, and gives your traders the MT5 platform they already know. DXtrade offers more backend customization but at a higher price and longer setup.
Feature-by-Feature Comparison
| Feature | MT5 Grey Label | DXtrade |
|---|---|---|
| License Requirement | None (operate under host broker) | Devexperts licensing agreement |
| Setup Time | ~2 weeks | 6-12 weeks |
| Monthly Cost | $5 per account (custom scaling) | From $3,000+ |
| Prop Firm Compatible | Yes (invisible to MetaQuotes) | Yes (independent platform) |
| MT5 Manager Access | Full access included | N/A (uses DXtrade admin) |
| Instruments | 2,000+ | Depends on configuration |
| Custom Branding | Full white-label branding | Full white-label branding |
| Algo Trading | MQL5 Expert Advisors | REST API for custom algos |
| Mobile Apps | MT5 mobile (iOS & Android) | DXtrade mobile app |
| Trader Familiarity | 80%+ of retail traders use MT5 | Low awareness among retail traders |
When to Choose MT5 Grey Label
- ✓You want the fastest and most affordable path to market
- ✓Your traders expect MetaTrader 5 and MQL5 EAs
- ✓You need MT5 Manager for account and risk management
- ✓You run a prop firm and want to stay off MetaQuotes radar
When to Choose DXtrade
- ✓You need deep backend customization via REST APIs
- ✓You want a platform with no MetaQuotes connection at all
- ✓Your budget supports $3,000+/month platform fees
- ✓You are building a custom trading experience from scratch
Frequently Asked Questions
Is DXtrade cheaper than MT5 Grey Label?
No. DXtrade typically starts at $3,000/month or more, while MT5 Grey Label uses a pay-per-account model starting at $5 per account created. DXtrade also has a longer setup process, usually 6 to 12 weeks compared to about 2 weeks for MT5 Grey Label.
Do prop firms use DXtrade to avoid the MetaQuotes ban?
Yes, some prop firms switched to DXtrade after MetaQuotes began banning prop firm accounts in 2024. However, MT5 Grey Label also avoids the ban because your firm operates under a licensed broker, making you invisible to MetaQuotes.
Will my traders prefer MT5 or DXtrade?
Most retail forex traders are familiar with MetaTrader 5. Offering MT5 through a grey label means less friction for signups and fewer support requests. DXtrade has a modern interface but requires traders to learn a new platform.
Launch Faster with MT5 Grey Label
Skip the long DXtrade setup. Go live with MT5 in 2 weeks. $5 per account.