Platform Comparison
MT5 Grey Label vs TradeLocker
Both platforms let you launch a brokerage or prop firm with your own branding. Here is how they compare on cost, setup, and trader experience.
Quick Answer
MT5 Grey Label gives you access to the MetaTrader 5 ecosystem without buying your own license from MetaQuotes. TradeLocker is a newer, independent trading platform built on TradingView charts. MT5 Grey Label is the better fit if your traders already know MT5 or you need MQL5 algo trading. TradeLocker works well if you want a modern UI and TradingView integration out of the box.
Feature-by-Feature Comparison
| Feature | MT5 Grey Label | TradeLocker |
|---|---|---|
| License Requirement | None (operate under host broker) | TradeLocker partnership agreement |
| Setup Time | ~2 weeks | 4-6 weeks |
| Monthly Cost | $5 per account (custom scaling) | From $1,500+ |
| Prop Firm Compatible | Yes (invisible to MetaQuotes) | Yes (independent platform) |
| MT5 Manager Access | Full access included | N/A (different platform) |
| Instruments | 2,000+ | Depends on liquidity provider |
| Custom Branding | Full white-label branding | Full white-label branding |
| Algo Trading | MQL5 Expert Advisors | TradingView Pine Script |
| Mobile Apps | MT5 mobile (iOS & Android) | TradeLocker mobile app |
| Trader Familiarity | 80%+ of retail traders use MT5 | Newer platform, smaller user base |
When to Choose MT5 Grey Label
- ✓Your traders already use MetaTrader 5 and expect it
- ✓You need MQL5 Expert Advisors and copy trading support
- ✓You want to launch fast with lower upfront costs
- ✓You run a prop firm and need to stay invisible to MetaQuotes
When to Choose TradeLocker
- ✓You want TradingView charts built into the platform
- ✓Your audience prefers a modern, web-first trading UI
- ✓You do not need MQL5 or MT5 Manager access
- ✓You want Pine Script strategy support for your traders
Frequently Asked Questions
Is TradeLocker affected by the MetaQuotes prop firm ban?
No. TradeLocker is an independent platform with no connection to MetaQuotes. However, MT5 Grey Label also avoids the ban because your firm operates under a licensed broker's server, making you invisible to MetaQuotes enforcement.
Can I switch from TradeLocker to MT5 Grey Label later?
Yes. Many firms start on one platform and add another. MT5 Grey Label setup takes about 2 weeks, so you can run both platforms side by side if needed.
Which platform do most retail traders prefer?
MetaTrader 5 has the largest market share among retail forex traders, with over 80% familiarity. TradeLocker is growing but still has a much smaller user base. Offering MT5 reduces friction for new signups.
Ready to Launch with MT5 Grey Label?
Get your own MT5 setup running in 2 weeks. No MetaQuotes license required.