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
MAS, JFSA, DIFC
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.
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?