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Best cTrader Brokers

By Jeffrey Cammack Published: Tuesday, May 7th, 2019 Updated: Tuesday, May 7th, 2019

cTrader is an institutional grade trading platform used by a select set of leading Forex brokers.  Launched in 2011 exclusively by FxPro, this beginner friendly software offered high-speed execution with a cleaner user interface than the competing MT4 software.

Along with another set of rapidly released product improvements, cAlgo, an Automated Algorithmic Trading Platform was released later in 2011. Other improvements released since then are improved charting, open APIs and cTrader copy in 2018. This new and unique product was started collecting awards in 2013 for the quality for the trading platform and continues to receive awards annually.

Top cTrader Forex Brokers

Broker Min. Deposit Min. Spread Sign up
Image Title $100 0.6 Sign up Read review
Image Title $200 0.1 Sign up Read review

cTrader Advantages

There are advantages and disadvantages of cTrader as a platform.

  • Your platform needn’t be open and connected to your broker to keep a trailing stop loss functioning like with MT4.
  • The ‘Depth of Market’ function is easier to use (colour-coded and different profiles available) than MT4’s.
  • cTrader has minor features here and there that make the platform more ergonomic and user-friendly than MT4. For example, on the right side of the charts, there is a scale that points out a distance in pips (e.g. 50 pips). This helps beginners because it gives them an idea of what 50 pips looks like without using the crosshair tool to take measurements.
  • cTrader’s data sets (for backtesting trading robots) are more complete than MT4’s and support real tick data backtesting. MT4 usually doesn’t have real tick data available. MT5 is supposed to be compatible with real tick data or have it available.
  • cTrader’s crosshair tool measures pips while MT4 measures points. This makes it easier to make measurements, especially for a beginner. If you measure 50 pips with cTrader, you see 50. If you measure with MT4, you see 500.
  • cTrader has a built-in copy trading feature.
  • cTrader has a FIX API. Its coding language is also more versatile than MQL4. The FIX API probably makes it possible to do total portfolio management with a trading bot. Or put it this way, a trader could perform cross-instrument trading with a statistical arbitrage robot. This type of trading is not possible with MT4 because each EA only performs calculations on one chart window at a time.
cTrader Copy Trading functionality
cTrader Copy Trading functionality

cTrader Drawbacks

  • The minimum lot sizing on some stock index CFDs (e.g. GER30) are inconsistent with forex pairs and some other stock indices.
  • Frequent updates to the platform cause delays when you open the platform. Let’s say you have to manage a position urgently, then an update is a real pain in the…
  • I think the MT4 community is much larger than that of cTrader. From the MT4 platform, you can access probably thousands of EAs. Online forums have much info about MT4, etc.

Detailed cTrader Brokers Reviews

FxPro Logo Large

FxPro

FxPro – Best cTrader Broker.  Award-winning international brand and smaller minimum deposits (Read FxPro Review)

For over 15 years, FxPro has been investing in a trade execution platform that would rival the best. This fast trade execution, with cTrader, MT4 & MT5 at the centre of the product, has brought FxPro international acclaim and a continuous flow of awards from the leading shows.  With international regulation from the FCA and CySEC, FxPro has created a sought-after platform with trading conditions that summon experienced and professional traders.

Beginner Rating: Standard
Regulator: FCA, CySEC, FSCA
Broker Type: Pure STP
Platforms: MT4, MT5, cTrader, FxPro Edge
Account Types: Demo, Standard, Premium
Minimum Deposit: $100 AUD

IC Markets Logo

IC Markets

IC Markets – Leading cTrader Broker.  Award-winning international brand and smaller minimum deposits (Read IC Markets Review)

For over 15 years, FxPro has been investing in a trade execution platform that would rival the best. This fast trade execution, with cTrader, MT4 & MT5 at the centre of the product, has brought FxPro international acclaim and a continuous flow of awards from the leading shows.  With international regulation from the FCA and CySEC, FxPro has created a sought-after platform with trading conditions that summon experienced and professional traders.

Beginner Rating: Standard
Regulator: FCA, CySEC, FSCA
Broker Type: Pure STP
Platforms: MT4, MT5, cTrader, FxPro Edge
Account Types: Demo, Standard, Premium
Minimum Deposit: $100 AUD

Summary

cTrader is a welcome alternative for traders who want a cross-broker trading platform, that has a reputation for transparency, rapid product development and high-speed trade execution.

With clear improvements in trade management and visual esthetics in comparison to MetaTrader 4, traders who trade with cTrader tend to stick with the choice.

While cTrader is not the industry standard, and supported by as many brokers, it is still a reliable platform choice.

Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.