Compare The Best cTrader Brokers
With a modern & customisable trading platform, level II pricing, incredible charting and an advanced order protection, cTrader is now considered a respected rival of the hugely popular MT4 system.
But should you consider using cTrader as your go-to trading platform?
This page was designed to provide you with all the information you will need to know about cTrader. We will cover what it is, why you might consider using it to trade, which cTrader brokers exist and how to find a great cTrader platform to suit your needs.
Read on to see if using the cTrader trading platform might suit your trading needs.
What is The cTrader Trading Platform?
The cTrader platform was launched in 2011 by Spotware Systems, a company based in Limassol, Cyprus.
cTrader is an Electronic Communication Network (ECN) trading platform, used and supported by ECN brokers only. This differs from the MT4 platform, which is predominantly used by Market Maker (MM) brokers. This point of difference has seen cTrader grow in popularity, although it is still not as popular at the MetaTrader4 platform, due to less brokers offering ECN trading in comparison to the MM model.
The cTrader system provides a straight-through processing (STP) model for orders placed by traders, which allows them to deal direct with liquidity providers (and banks), without dealing desk intervention.
Why Do Traders Choose The cTrader Platform?
There are many pros to using cTrader as your preferred trading platform, some are listed below.
cTrader is only operational as an ECN trading platform. This means it will only connect to online brokers who offer ECN trading and therefore, it only connects traders who want ECN access. Most other broker-developed platforms and other systems like MT4, allow for non-ECN broker models, where there is dealing desk intervention required to operate.
Spotware want you to succeed
As previously mentioned, cTrader is developed and owned by Spotware Systems. The platform is available to any broker that would like to offer cTrader to its clients, and this comes at a cost to the broker. Spotware are remunerated by volume-based commercials, which means the more successful traders are, the more Spotware will profit. Thus, Spotware is incentivised to provide traders with the best possible opportunity to make a trading profit and therefore invests heavily into its technology.
No Dealing Desk Intervention
Spotware is responsible for all the infrastructure behind cTrader; so when you download the cTrader platform from your preferred broker, all price feeds and market data cannot be altered by your broker. They can amend the amount of commission and spread they charge, but they cannot change the ECN model that eliminates dealing desk intervention.
One of the main reasons that cTrader has grown in popularity over the years is the ability for traders to see the depth of a market. By being able to watch live market orders and activity, we are not reliant on dealing desk intervention from the broker. The result? A fully transparent and fair trading experience!
Trade Execution Speed
cTrader has extremely light software, making it an exceptionally quick platform when it comes to trade execution. In fact, the average execution time is just 11.6 milliseconds!
How Do You Choose The Best cTrader Brokers?
Remember, that cTrader is just the trading technology (platform) supplied by Spotware; and that you will need to find a broker that offers cTrader. You cannot trade direct with Spotware – they are NOT a broker.
Using cTrader has many benefits over MT4 and other trading platforms. And, although only a select few brokers offer it, there is still a reasonable selection of regulated brokers to choose from.
Please consider our top 3 pointers when comparing cTrader brokers.
This should be the first thing that you check. Once you have identified a broker that offers cTrader, always check that they are adequately regulated. This means regulated by at least one Tier-1 regulator, like the FCA, ASIC, FMA, MAS and a few others.
Always avoid brokers that are not adequately regulated, or not regulated at all. By doing so, you are giving yourself the best opportunity of keeping your money safe. All brokers on this website are adequately regulated.
2. Customer Support
The speed and quality of customer support you receive from your cTrader broker is another critical factor that is often overlooked. The simple fact is; you will need their help/ support at some stage during your trading journey and when you do, you’ll want a support team that can assist you quickly, at all hours of the day, across a number of channels, and in different languages. Plus, they must be friendly and factually correct!
3. Trading Costs
This is another key factor to consider – how much you are being charged to trade is critical! Unfortunately, the trading costs involved differ across broker and this is where you need to be careful.
The easiest way to find out how much you are going to be charged, is to ask the broker, using examples. For instance, ask how much they will charge you to open AND close a Wall St 30 index trade and a EUR/ USD trade. Collate this data and compare each broker side-by-side.
Typical trading costs are: the spread, commission and overnight financing. Ask your cTrader broker about each!
Our Recommended cTrader Broker:
Pepperstone is an award-winning FX & CFD broker, with offices and regulatory licences all around the world. From small beginnings since launching in 2021, this company is now considered one of the 10 largest FX brokers in the world.
This broker is regulated by ASIC, FCA, BaFin, CMA, CySEC, DFSA, SCB, offers high leverage and tight variable spreads starting at 0.1 pips. Pepperstone accepts clients from most jurisdictions around the world.
- Leverage: 500:1
- Regulation: ASIC, FCA, BaFin, CMA, CySEC, DFSA, SCB
- Opening amount: $100
- Spreads: Variable
- Trading platform: cTrader, MT4 and MT5