Forex Brokers with cTrader

Richard Montana | November 16, 2022

cTrader is a multi-asset class CFD trading platform that supports a huge variety of markets, falling under a number of different asset classes, including forex, stocks, indices, commodities, exchange traded funds (ETFs) and more. The cTrader platform is broker-neutral which means that it can be offered by any forex broker wishing to provide an all-inclusive, premium online trading environment to their customers.

What is cTrader?

The cTrader platform is the flagship product of Spotware Systems. The company was founded by fintech pundit and entrepreneur Andrey Pavlov in 2010 and is headquartered in Limassol, Cyprus. Spotware Systems have an in-house team of experts in financial technology with over 100 years of industry experience combined.

cTrader is a leading multi-asset forex trading platform, offering rich charting tools, advanced order types, level II pricing, and fast entry and execution. With a simple yet intuitive user interface, it’s connected to some of the most sophisticated backend technology, and made available on multiple devices. You can trade on the cTrader web platform, desktop platform and cTrader app.

The desktop and web platforms have full functionality and all of the features needed for running complex forex trading strategies. The cTrader mobile application is a fully functional mobile trading app version of the cTrader trading platform with most of the same charting and trading features as the other cTrader versions.

cTrader has a fantastic choice of financial instruments with thousands of assets for you to buy and sell including currency pairs, commodities, indices, stocks, ETFs and even popular cryptocurrencies such as Bitcoin (BTC). Spread betting is also available as an add-on through some brokerages. High leverage is also available up to 1:500, depending on the broker and regulation.

cTrader Platform

cTrader Platform

Is cTrader a good forex platform?

cTrader is an innovative ECN (Electronic Communication Network) trading platform, designed specifically with forex trading in mind. ECN forex brokers are desirable because they do not interfere with your trading activity and have deep liquidity pools. This means that you can get your trades executed with tight spreads and quick execution speeds at the best available prices on the forex market at all times.

The cTrader platform has a handful of very useful features for manual trading, automated trading, market research, and copy trading solutions. I really like how it has an intuitive and customisable workspace that I think can be suitable for all types of trading strategies. The charting tools are abundant with a large number of technical indicators to ensure you can make informed trade decisions.

Is cTrader good for scalping?

The cTrader smart scalping tool is an on-screen panel similar to magic keys that allows you to quickly submit, close and manage orders with minimal delay. This is vital for scalpers who try to capitalise on small pip movements in price and cannot afford to hand around. You are able to take control with total risk management at the click of the mouse which makes it perfect for your forex scalping strategies.

Is cTrader safe?

cTrader does not allow connecting to suspicious data feeds or price manipulations. I have tested cTrader using a demo account and found it to be a very professional trading platform with quick executions and fair pricing. Keeping in mind that the cTrader platform has been specifically designed to be used with ECN forex brokers, you can expect reliable and transparent execution, which can give your forex trading an edge. For extra safety, you might want to use a regulated forex broker.

Who are the best cTrader forex brokers?

There isn’t a great choice of forex brokers with the cTrader platform, which makes your choice easier compared to if you were looking for a MetaTrader broker. If you are a trader in search of a trustworthy broker offering high-quality services, backed by cTrader’s motto of putting traders first, please see a list below of our best cTrader brokers.

Broker
Rating
Regulated
Min. Deposit
Founded
Max. Leverage
1.
IC Markets Review

ASIC, CySEC, FSA, SCB

$200

2007

1:500

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
2.
Pepperstone Review

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

$200

2010

1:400

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
3.
RoboForex Review

IFSC

$10

2009

1:1000

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
4.
Purple Trading Review

CySEC

$100

2016

1:400

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
5.
FxPro Review

FCA, CySEC, FSCA, SCB

$100

2006

1:30 - 1:500 (EU/UK 1:30)

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
6.
Traders Way Review

N/A

$10

2011

1:1000

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
7.
FXPIG Review

VFSC

$500

2010

1:400

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
8.
Axiory Review

IFSC

$10

212

1:777

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
9.
OctaFX Review

CySEC, SVGFSA

$100

2011

1:500

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
10.
TopFX Review

CySEC, FSA

$200

2010

1:30

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

How do I open a cTrader account?

To open a live account for trading on the cTrader platform, you should sign-up through your broker. You can choose between a demo account if you want to get some practice in first or open a live account if you are ready to take on the forex market. Some brokers even allow you to create a live trading account with zero balance from directly within cTrader. However, you will still need to login on the brokers side to fund your account.

Is cTrader better than MetaTrader?

When it comes to CFD and forex trading, MetaTrader 4 and MetaTrader 5 are without doubt the most popular trading platforms. MetaTrader is the go-to forex platform for beginners. However, I would say that cTrader are amongst the next in line, especially for professional traders.

I think that MetaTrader is easier to use and has more trading tools available, primarily due to its millions of users that contribute to the MQL marketplace which you can access from directly within the MetaTrader platform. There you can find thousands of free and paid indicators, forex robots, forex signals and more.

cTrader on the other hand has superior charting, functionality and market depth compared to MetaTrader. However, the MT5 platform is a close competitor and I don’t think you can go wrong with either platform if you are looking for convenient market access to trade forex online.

However, it is worth mentioning that MetaTrader has a plugin where the broker can manipulate the price from their side, something that can happen when using a market maker or dealing desk forex broker. This can lead to a conflict of interest, unnecessary slippage and higher spreads.

In contrast, forex brokers cannot manipulate price feeds from within cTrader which might be a good enough reason to use it for some traders.

Can you copy trades from cTrader to MT4?

Yes, you could in theory trade forex on one cTrader account and have everything copied instantly and automatically to many other accounts including MetaTrader via the free cTrader trade copying software (cMAM). You can also submit your forex trades to your cTrader account and simultaneously trade multiple cTrader accounts.

Advantages of cTrader brokers

  • Top class trading platform and app
  • Excellent choice of trading tools
  • Comprehensive market analysis
  • Depth of market pricing
  • Multiple chart and order types
  • Fully customisable interface
  • Manual and automated trading
  • Superior spreads and execution
  • No broker manipulation

Disadvantages of cTrader brokers

  • Higher minimum deposits
  • More complex trading platform
  • Limited choice of cTrader forex brokers

Conclusion: should I use a cTrader broker?

If you are looking to trade forex with an advanced trading platform that does not allow any broker manipulation, then I think the cTrader platform is a great choice. There is a reason why the majority of cTrader forex brokers are amongst the best in the industry. It is because they are trusted and want forex traders to have some of the best trading conditions possible for them to be successful.

About the Author

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Richard Montana
Richard has many years of experience in broker research, testing, analysis and reviews. He knows what to look for through years of trading himself with different brokers and listening to the feedback of others.

Review Methodology

For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. You can read more about our review process.


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