cTrader vs TradingView
It’s interesting to note that both cTrader and TradingView were introduced in 2011, a year when demand for online derivatives trading was far lower than it is now. Both programs have now grown to be among of the most widely used charting platforms used by traders to speculate on the world’s financial markets.
You might be curious to know how these trading software solutions stack up, though. We’ll examine some of the important contrasts so you can eventually choose which of the two is the better choice.
What is cTrader?
Spotware Systems, a Cyprus-based software development business, launched cTrader in 2011. The platform is regarded as MT4’s main rival in the forex industry and has garnered numerous honors over the years.
In comparison to its predecessor, cTrader’s interface is sleeker and simpler, yet it doesn’t sacrifice extensive charting features, quick execution, or direct market access pricing.
You can speculate in a wide range of CFDs, including forex, cryptocurrencies, metals, indices, stocks, bonds, commodities, and futures, with each of these brokerages. Furthermore, this software offers a copy trading feature that enables users to develop their own trading robots, indicators, and even trading applications (using cTrader Open API).
On Windows 7, 8, and 10 operating systems, the web, as well as an Android or iOS mobile app, you can utilize cTrader. Although cTrader is not natively supported on Mac or Linux, you can operate the platform via third-party software. You can see a selection of cTrader brokers that we have prepared.
What is TradingView?
One of the most well-liked trading software solutions in the world is TradingView. The US-based financial technology firm TradingView Inc. launched TradingView in September 2011 as a supercharged online charting platform and social trading network.
In a variety of specialized groups, you can interact with millions of investors by exchanging ideas and trade setups.
In contrast to cTrader, which only works with a small number of brokers, TradingView is compatible with 90+ stock/futures exchanges, 40+ cryptocurrency exchanges, and 10+ FX brokers. As a result, the platform is the ideal place to follow a wide variety of CFDs that are not restricted to a particular brokerage. You can see a selection of TradingView brokers that we have prepared.
TradingView was largely a browser- and mobile-based application up until December 2020. On Windows, Mac, and Linux, however, you may now use it as a desktop application. The premium product TradingView is offered in various subscription plans.
TradingView vs cTrader
There is no contest in this area; the free platform of cTrader makes it more appealing to average traders. The spreads or commissions from your associated broker are the sole expenses to be concerned about.
Even though TradingView does offer a free plan, the features are limited, and pop-up adverts will appear on your screen. It is recommended to pay for a better experience on this site if one can only afford the very minimal membership (Pro).
However, from a feature standpoint, TradingView is more sophisticated, which can be a justification for some users to think about subscribing.
One significant flaw with TradingView is that there is currently no trading automation; you can only generate custom indicators. Fortunately, the platform’s Automate function on cTrader allows you to create both the first and automatic trading strategies (referred to as “cBots”).
C#, one of the most widely used programming languages in software engineering, powers Automate. Backtesting can also be done on cTrader with a strategy tester-like interface using past data.
However, manual strategies are not supported by this functionality; only automated ones do. TradingView is a preferable choice for discretionary systems for manual backtesting due to the bar replay feature, which allows you to replay any previous period in the markets as if it were currently taking place (however, this feature is only available on a paid plan).
- Few systems can compete with TradingView in terms of advanced functionality. More built-in indicators, drawing tools, chart formats, unique time frames, and rich historical data are a few of them.
- Additionally, TradingView’s navigation is simply faster and more responsive, from opening charts and clicking icons to sketching and zooming.
- access to a larger variety of financial instruments: With cTrader, your options are only restricted to the securities offered by your connected broker. However, TradingView widens the scope by allowing you to view numerous additional financial products in addition to your favorite.
- Better building capabilities: With cTrader, you can create your own robots, indicators, and applications, as was already discussed. TradingView has limitations in this area because you can only construct indicators.
- Cost-effectiveness: Unlike its rival, using the entire suite of cTrader’s products is completely free.
Conclusion: is cTrader better than TradingView?
What is the final judgment then? Any trading platform you choose will depend on your personal tastes and the results you hope to get from it. As you cannot do this on TradingView, cTrader may be suggested for people looking to create their own automated methods and applications.
Furthermore, as an alternative to the standard MetaTrader 4, cTrader is well-liked, especially among forex traders. TradingView, on the other hand, is ideal for experienced investors who prefer to track a variety of instruments on a single platform and have no need to create anything.
Given that TradingView has better charting capabilities than cTrader, using the latter for execution and analysis is rather common. As a result, you may use both platforms simultaneously without worrying about sacrificing time, efficiency, or analysis.
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