If you’re new to Forex trading (or even if you’re not!) you might not know what cTrader is. Essentially, cTrader is a type of trading platform called an Electronic Communication Network(ECN). It is a London-based brand that was designed to be adapted so that it can be used by several brokers like a turnkey trading platform. It was first launched in 2011 by FxPro and aimed to offer their clients a trading platform that’s transparent as well as being more reliable and faster than other platforms.

cTrader offers straight-through processing, also STP. When Forex traders place orders, it allows them to work directly with the liquidity providers and banks without the need for a dealing desk. There are other similar platforms, such as MetaTrader 4, and these do tend to be a little more popular. This means that traders on cTrader have fewer Forex brokers to trade with. The platform comes in different variations and formats such as cTrader web, cTrader desktop and cTrader mobile, which works on both iOS and Android. A cTrader download is quick and easy and gets you trading quickly with little fuss.

 

CTrader Forex Brokers List

Broker
Description
Trade Now
Octafx
OctaFX
Regulation: CySec
Min. Deposit: $/€/£ 5
Leverage: 1:500
Spreads: Low as 0.4 pips

Review


IC Markets
IC Markets
Regulation: ASIC
Min. Deposit: $/€/£ 200
Leverage: 1:500
Spreads: Low as 0.0 pips

Review


XM
XM
Regulation: CySEC,FCA,ASIC
Min. Deposit: $/€/£ 5
Leverage: 1:500
Spreads: Low as 0.1 pips

Review
Globex360
GlobeX360
Regulation: FSCA
Min. Deposit: No min Deposit
Leverage: 1:500
Spreads: Low as 1.6 pips

Review
XTB
XTB
Regulation: FCA
Min. Deposit: $/€/£ 250
Leverage: 1:30
Spreads: Low as 0.1 pips

Review


IQOption
IQOption


Regulation: CySec
Min. Deposit: $/€/£ 10
Leverage: 1:1000
Spreads: Floating from 1 pip

Review


OlympTrade
OlympTrade
Regulation: IFC
Min. Deposit: $/€/£ 10
Leverage: 1:500
Spreads: Low as 0.0 pips

Review
Etoro
Etoro
Regulation: CySEC,FCA,ASIC
Min. Deposit: $/€/£ 200
Leverage: 1:30
Spreads: Variable

Review

Avatrade
Avatrade
Regulation: ASIC,JFSA,FSCA
Min. Deposit: $/€/£ 250
Leverage: 1:400
Spreads: Floating from 1 pip

Review


 

Forex brokers use the platform as executing trades is efficient as its way of charting. The layout is uncluttered and clean, which pleases many traders. It is very user-friendly and some would say intuitive too. It is used by many brokers, particularly the leading ECN ones such as Admiral Markets, Pepperstone, and Liquid Markets.

The biggest advantage of cTrader is that it means there is no intervention from dealing desks. It is also set apart from a platform such as MT4 due to its chart trading. It’s just a click and a drag away from placing an order directly on the chart. When you are comparing cTrader vs MT4, the ease of use of cTrader is second to none. Metatrader is much clunkier in comparison.

CTrader also shows Depth of Market (DOM) allowing traders to see the entire range of prices from the liquidity providers.

 

To Conclude

So, what has cTrader done that’s new? Well, it has made the advantages of financial institutions available to the masses, i.e. Forex traders, for the first time. There is now no conflict of interest, powerful insights into liquidity, execution speeds that are super-fast (even when the market is volatile), as well as a platform interface that is completely user-friendly. What more could a Forex trader want?