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Forex Brokers Offering cTrader

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The cTrader forex platform is an ECN-style trading platform developed by Spotware Systems Ltd, a Cypriot-based company.

The cTrader is an ECN platform. Electronic Communications Network (ECN) systems were only available to institutional investors and high-net-worth individuals. Through ECN, these entities had direct access to the interbank market. By developing the cTrader platform, Spotware Systems has allowed retail traders to access ECN-style trading environments to their retail traders.

Forex brokers offering the cTrader provide a more comprehensive service to those traders who want a more professional feel to their trading activity. Some of these forex brokers offering cTrader will provide the following:

  • A) The cTrader Trade product, featuring the cTrader platform and charting software.
  • B) cTrader Copy, which is a revolutionary copy trading investment service.
  • C) cTrader Automate, the C# based API that enables the development of trading robots and custom indicators.

When you trade with a forex broker offering cTrader, you get access to the two components of the cTrader Trade product suite: the trading platform and charting software. The platform is a multi-asset environment for FX and CFD trading using Level II pricing and advanced order types. Level II pricing ensures that orders are filled using a complete order book based on Volume Weighted Average Prices (vWAP). Unlike the MT4 and MT5 platforms, cTrader offers a standalone charting product. You can create orders within the charting environment. Nine chart types are available: candlesticks, line, bar, HLC, dots, tick, range, Heiken-Ashi and Renko charts.

Forex brokers offering the cTrader platform also provide their clients with a copy trading investment service. This is known as the cTrader Copy. The cTrader Copy platform allows good traders to become Strategy Providers, promoting their strategies for others to copy for a fee. Others can search for profitable strategies to follow. The cTrader Copy platform replaces the cMirror. All forex brokers offering cTrader have access to the cTrader Copy and can provide this to their clients. The cTrader Copy suite provides advanced trade analytics. The charts can provide a graphical representation of return on investment, balance versus equity, breakdown of trades by asset symbols, and a feature to customize the time frame being studied to get a deeper view of the strategy's performance. Those traders promoting their strategies have an advanced strategy profile portal, complete with its own URL.

Software Versions Offered by Forex Brokers for cTrader

Forex brokers offering cTrader will provide a desktop client, a web-based platform and a mobile trading platform for Android and iOS devices.

A) cTrader Web

cTrader Web is a browser-based version of the cTrader, complete with trading and charting features all in one place. This version does not have a standalone charting software as all charts, and trading software are in one location. It is accessible to Windows, Linux and MacOS computers. The platform is based on HTML5 architecture and incorporates CSS and JavaScript to its functionality. The software is brandable, so every forex broker offering cTrader will have this software branded with its name and logo. You can access the platform using your broker's name embedded in a URL in this format: https://ct.brokername.com

B) cTrader Desktop

The desktop client is downloadable and features the trading suite and the charting package, which has already been described above. This platform allows for a complete range of orders: market orders, stop/limit orders, stop-limit orders, one cancels the other (OCO), market orders on open, time of the day and good-till-day orders.

C) cTrader Mobile

The cTrader native app for mobile devices can be accessed via the App store or Google Play store. The platform can work on smartphones and tablets. Available in 22 languages, the cTrader Mobile also features a demo trading application. The cTrader Mobile features full-screen standalone charting, with 26 time frames and 50 indicators. You can pinch the charts to zoom, scroll forward and backward or double tap to reset the charts. A QuickTrade function and an Order Ticket allow the trader to set various types of orders. You can apply various sizes for Limit/stop orders, market orders, and protection levels. There are links to news sources, dynamic leverage settings, and live market sentiment. Cloud functionality is available using cTrader ID or social media/email authentication (Google and Facebook). This allows the trader to receive email alerts about trading events. There is also the facility for receiving in-app notifications.

What Do You Expect to Get with a Forex Broker Offering the cTrader Platform?

The basic layout of the cTrader features a market watchlist on the left side of the page, the asset chart in the middle and the trading terminal below the chart. The trading terminal features tabs for the active positions, orders, trade history, price alerts, transactions and journal. On the right side of the platform, the order section and the economic calendar are stacked on top of each other. In between is the depth-of-market tool, which indicates traders' market commitment to the asset shown on the chart.

You can highlight each of these by selecting the tabs on the right. These tabs are the Order, Depth-of-Market (DoM) and Calendar tabs.

The order tab is unique. It features the asset being traded and shows the tabs for the kind of orders to be used. These are the Market, Limit, Stop and Stop Limit orders. You have the sell and buy buttons and also check boxes that show the following information:

  • Volume: trade size is displayed as trade volume and not lot size.
  • Market Range: You can check or uncheck this box to set your trade entry price within a specific number of pips you can set by yourself.
  • Stop Loss/Take Profit: Set your stop loss in pips, or use the pricing at which you expect the trade to be closed either in a protection loss or a profit claim.
  • Trailing Stop: You can also set a trailing stop by checking or unchecking the relevant box.

As described below, you can expect to experience the following aspects of trading with the forex brokers offering cTrader.

Execution Speed

The trader gets very fast execution speeds with virtually no slippages or requotes.

Market Depth

Forex brokers offering cTrader offer three Depth of Market (DOM) types:

Standard DOM shows the liquidity sources and the volumes they are exerting on the asset for each price level. Volume Weighted Average Price (vWAP) DoM, which allows you to set a volume amount on each price line. This shows the VWAP prices on each tick for each executable volume. This tool enables strategies to be created based on differential volume amounts on different prices. The Price DoM shows the most market depth. It allows the trader to input various limit and stop orders on different price levels, which makes it an excellent tool for news traders and scalpers.

OneClick Trading

The cTrader platform has advanced one-click trading functionality to open and close orders, change trade volumes and perform other functions that would require multiple clicks.

Trading from the Charts

One key feature of the cTrader platform is the ability to trade from the charting package. This requires the activation of the "Charts Only" layout so that the full-screen layout displays the asset charts and nothing else. You can click on the chart to show indicators, choose indicators and tools and perform trade orders. The charts are also detachable and can also feature a multi-screen mode.

ChartShots

ChartShots is available with forex brokers offering cTrader as a feature to allow for screen capture and sharing of charts. This is useful for conducting studies and can be used as a tutorial tool. You can also share your charts to your trading community using this feature.

Features You Can Use on Forex Brokers Offering cTrader

What other tools would you get from these forex brokers who offer cTrader?

● A) Virtual Private Servers

Forex brokers offering the cTrader allow for the use of virtual private servers (VPS). Some already have facilities for integration with specific VPS providers.

● B) cTrader Marketplace

The cTrader has a marketplace just as you have the MQL Community for MT4 websites.

● D) Charting Tools

You have access to 9 types of charts. There are 70 indicators and graphical objects.

● E) Demo Account

The forex brokers offering cTrader offer free and unlimited demo accounts.

● F) Copy trading

Copy trading with cTrader Copy allows good traders to offer their strategies for copying for a fee. Newbie traders have access to tools to filter strategies and copy them.

Conclusion

The forex brokers offering the cTrader give you added potential in trading. Here, we have listed these forex brokers, and you are free to choose from any of them to make the best of your cTrader trading experience.