cTrader Brokers
cTrader is a great alternative to the popular MetaTrader platforms. Here we list the best cTrader brokers 2025 with full reviews and feature comparison.
UK Brokers with cTrader
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Founded in Australia in 2010, Pepperstone is a highly regarded broker specialising in forex and CFDs. Serving more than 400,000 clients globally, it provides access to over 1,300 financial instruments through popular platforms like MT4, MT5, cTrader, and TradingView. Its fee structure is both low and transparent. With regulation by reputable bodies such as the FCA, ASIC, and CySEC, Pepperstone guarantees a safe trading environment for traders at every level.
Instruments Regulator Platforms CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto (only Pro clients), Spread Betting FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade, Quantower Min. Deposit Min. Trade Leverage $0 0.01 Lots 1:30 (Retail), 1:500 (Pro) -
IC Markets is an internationally acclaimed forex and CFD broker, admired for its competitive pricing, diverse trading instruments, and superior technology. Established in 2007 and based in Australia, the firm is under the regulation of ASIC, CySEC, and FSA. It has successfully drawn over 180,000 clients from more than 200 nations.
Instruments Regulator Platforms CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto ASIC, CySEC, FSA, CMA MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade, Quantower Min. Deposit Min. Trade Leverage $200 0.01 Lots 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) -
Founded in 2006, FxPro has built a reputation as a reliable non-dealing desk (NDD) broker, providing trading access across more than 2,100 markets to over 2 million clients globally. It has received over 100 industry awards, reflecting its favourable conditions for active traders.
Instruments Regulator Platforms CFDs, Forex, Stocks, Indices, Commodities, Futures, Spread Betting FCA, CySEC, FSCA, SCB, FSA FxPro Edge, MT4, MT5, cTrader, AutoChartist, TradingCentral, DupliTrade, Quantower Min. Deposit Min. Trade Leverage $100 0.01 Lots 1:30 (Retail), 1:500 (Pro) -
IC Trading belongs to the reputable IC Markets group. Designed for dedicated traders, it offers highly competitive spreads, dependable order execution, and sophisticated trading tools. However, it operates from Mauritius, an offshore financial centre, allowing high leverage but within a less regulated environment.
Instruments Regulator Platforms CFDs, Forex, Stocks, Indices, Commodities, Bonds, Cryptos, Futures FSC MT4, MT5, cTrader, AutoChartist, TradingCentral Min. Deposit Min. Trade Leverage $200 0.01 Lots 1:500 -
Fusion Markets, an online broker since 2017, operates under the regulation of ASIC, VFSC, and FSA. Renowned for offering cost-effective forex and CFD trading, it provides various account options and copy trading solutions to suit diverse trading needs. New clients can begin trading with a simple three-step registration process.
Instruments Regulator Platforms CFDs, Forex, Stocks, Indices, Commodities, Crypto ASIC, VFSC, FSA MT4, MT5, cTrader, TradingView, DupliTrade Min. Deposit Min. Trade Leverage $0 0.01 Lots 1:500 -
BlackBull, a New Zealand-based CFD broker, offers a wide range of trading options across more than 26,000 instruments. Following a 2023 rebrand, it boasts a contemporary design and provides advanced trading tools along with ultra-fast execution speeds, averaging 20ms.
Instruments Regulator Platforms CFDs, Stocks, Indices, Commodities, Futures, Crypto FMA, FSA BlackBull Invest, BlackBull CopyTrader, MT4, MT5, cTrader, TradingView, AutoChartist Min. Deposit Min. Trade Leverage $0 0.01 Lots 1:500 -
MultiBank FX, a reputable broker since 2005, provides forex and CFD products. With over 20,000 instruments, numerous local payment options, and round-the-clock multilingual support, it is favoured by traders worldwide. New clients benefit from bonus offers and can use the popular MT4 and MT5 trading platforms.
Instruments Regulator Platforms Forex, CFDs, indices, shares, metals, commodities, cryptocurrencies SCA, MAS, CySEC, ASIC, AUSTRAC, BaFin, FMA, FSC, CIMA, TFG, VFSC MultiBank-Plus, MT4, MT5, cTrader Min. Deposit Min. Trade Leverage $50 0.1 Lots 1:500
Safety Comparison
Compare how safe the cTrader Brokers are and what features they offer to protect traders.
Broker | Trust Rating | FCA Regulated | Negative Balance Protection | Guaranteed Stop Loss | Segregated Accounts |
---|---|---|---|---|---|
Pepperstone | ✔ | ✔ | ✘ | ✔ | |
IC Markets | ✘ | ✔ | ✘ | ✔ | |
FXPro | ✔ | ✔ | ✘ | ✔ | |
IC Trading | ✘ | ✘ | ✘ | ✔ | |
Fusion Markets | ✘ | ✔ | ✘ | ✔ | |
BlackBull Markets | ✘ | ✔ | ✘ | ✔ | |
MultiBank FX | ✘ | ✘ | ✘ | ✔ |
Payments Comparison
Compare which popular payment methods the cTrader Brokers support and whether they have trading accounts denominated in British Pounds (GBP).
Broker | GBP Account | Debit Card | Credit Card | Neteller | Skrill | Apple Pay |
---|---|---|---|---|---|---|
Pepperstone | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ |
IC Markets | ✔ | ✘ | ✔ | ✔ | ✔ | ✘ |
FXPro | ✔ | ✘ | ✔ | ✔ | ✔ | ✘ |
IC Trading | ✔ | ✔ | ✔ | ✔ | ✘ | ✘ |
Fusion Markets | ✔ | ✔ | ✔ | ✔ | ✔ | ✘ |
BlackBull Markets | ✔ | ✔ | ✔ | ✔ | ✔ | ✘ |
MultiBank FX | ✘ | ✘ | ✔ | ✔ | ✔ | ✘ |
Mobile Trading Comparison
How good are the cTrader Brokers at mobile trading using apps or other mobile interfaces.
Broker | Mobile Apps | iOS Rating | Android Rating | Smart Watch App |
---|---|---|---|---|
Pepperstone | iOS & Android | ✘ | ||
IC Markets | iOS & Android | ✘ | ||
FXPro | iOS & Android | ✘ | ||
IC Trading | iOS & Android | ✘ | ||
Fusion Markets | iOS & Android | ✘ | ||
BlackBull Markets | iOS & Android | ✘ | ||
MultiBank FX | ✔ | ✘ |
Beginners Comparison
Are the cTrader Brokers good for beginner traders, that might want an affordable setup to get started, along with good support and educational resources?
Broker | Demo Account | Minimum Deposit | Minimum Trade | Support Rating | Education Rating |
---|---|---|---|---|---|
Pepperstone | ✔ | $0 | 0.01 Lots | ||
IC Markets | ✔ | $200 | 0.01 Lots | ||
FXPro | ✔ | $100 | 0.01 Lots | ||
IC Trading | ✔ | $200 | 0.01 Lots | ||
Fusion Markets | ✔ | $0 | 0.01 Lots | ||
BlackBull Markets | ✔ | $0 | 0.01 Lots | ||
MultiBank FX | ✔ | $50 | 0.1 Lots |
Advanced Trading Comparison
Do the cTrader Brokers offer features that allow for more advanced trading strategies?
Broker | Automated Trading | Pro Account | Leverage | VPS | AI | Low Latency | Extended Hours |
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Pepperstone | Expert Advisors (EAs) on MetaTrader | ✔ | 1:30 (Retail), 1:500 (Pro) | ✔ | ✔ | ✔ | ✘ |
IC Markets | Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade | ✘ | 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) | ✔ | ✘ | ✔ | ✘ |
FXPro | Expert Advisors (EAs) on MetaTrader, cBots on cTrader | ✔ | 1:30 (Retail), 1:500 (Pro) | ✔ | ✘ | ✔ | ✘ |
IC Trading | Expert Advisors (EAs) on MetaTrader, cBots on cTrader | ✘ | 1:500 | ✔ | ✘ | ✔ | ✘ |
Fusion Markets | Expert Advisors (EAs) on MetaTrader, cBots on cTrader | ✘ | 1:500 | ✔ | ✘ | ✔ | ✘ |
BlackBull Markets | Expert Advisors (EAs) on MetaTrader, cTrader Automate | ✘ | 1:500 | ✔ | ✘ | ✔ | ✘ |
MultiBank FX | Yes (APIs) | ✘ | 1:500 | ✘ | ✘ | ✘ | ✘ |
Detailed Rating Comparison
Use this heatmap to compare our detailed ratings for all of the cTrader Brokers.
Broker | Trust | Platforms | Mobile | Assets | Fees | Accounts | Support | Research | Education |
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Pepperstone | |||||||||
IC Markets | |||||||||
FXPro | |||||||||
IC Trading | |||||||||
Fusion Markets | |||||||||
BlackBull Markets | |||||||||
MultiBank FX |
Our Take On Pepperstone
"Pepperstone is a premier trading platform, providing tight spreads, swift execution, and sophisticated charting tools for seasoned traders. Beginners benefit from no minimum deposit, comprehensive learning materials, and outstanding 24/7 support."
Pros
- In recent years, Pepperstone has significantly enhanced the deposit and withdrawal process. By 2025, clients can use Apple Pay and Google Pay, while 2024 saw the introduction of PIX and SPEI for customers in Brazil and Mexico.
- Over the years, Pepperstone has consistently garnered recognition from DayTrading.com’s annual awards. Recently, it was honoured as the 'Best Overall Broker' in 2025 and was the 'Best Forex Broker' runner-up the same year.
- Pepperstone offers rapid execution speeds of approximately 30ms, enabling swift order processing and execution, making it ideal for traders.
Cons
- Pepperstone doesn't offer cTrader Copy, a favoured feature for copying trades found in the cTrader platform, which is available on other platforms such as IC Markets. However, Pepperstone has launched its own user-friendly copy trading app.
- Pepperstone's demo accounts expire after 30 days, which may not provide sufficient time to explore various platforms and evaluate trading strategies.
- Despite broadening its market range, the crypto options remain limited compared to brokers like eToro, and there is no facility for investing in actual coins.
Our Take On IC Markets
"IC Markets provides excellent pricing, swift execution, and easy deposits. With cutting-edge charting tools like TradingView and the Raw Trader Plus account, it continues to be a preferred option for intermediate and advanced traders."
Pros
- In 2025, IC Markets earned DayTrading.com's accolade for 'Best MT4/MT5 Broker' due to its top-tier MetaTrader integration. This achievement highlights the broker's continuous refinement over the years to enhance the platform experience.
- As a well-regulated and reputable broker, IC Markets focuses on client safety and transparency to provide a dependable global trading experience.
- IC Markets provides some of the industry's narrowest spreads, offering 0.0-pip spreads on major currency pairs. This makes it an extremely cost-effective choice for traders.
Cons
- Although there are four top-tier third-party platforms available, the absence of in-house software or a trading app tailored for novice traders is notable.
- Certain withdrawal methods incur fees, including a $20 charge for wire transfers. These costs can reduce profits, particularly with frequent withdrawals.
- IC Markets provides metals and cryptocurrencies for trading through CFDs, though the selection is narrower compared to brokers such as eToro. This limits opportunities for traders focused on these asset classes.
Our Take On FXPro
"FxPro is an excellent choice for traders, offering swift execution speeds under 12ms, reduced fees since 2022, and outstanding charting platforms like MT4, MT5, cTrader, and FxPro Edge."
Pros
- FxPro's Wallet is a notable feature enabling traders to securely manage their funds. It ensures additional protection and ease by separating unused funds from active trading accounts.
- FxPro uses a 'No Dealing Desk' (NDD) model for swift and transparent order execution, usually within 12 milliseconds, making it well-suited for short-term trading strategies.
- FxPro provides four dependable charting platforms, including the user-friendly FxPro Edge. It features more than 50 indicators, 7 types of charts, and 15 different timeframes.
Cons
- There are no passive investment options such as copy trading or interest on cash. While traders might not find these essential, competitors like eToro, which accommodate both active and passive investors, offer more extensive services.
- FxPro offers customer support five days a week around the clock, accessible via various platforms, and the service quality is reliable based on tests. However, the absence of weekend support can be a drawback for traders requiring help beyond standard market times.
- FxPro, with its $10M funded demo account and expanding Knowledge Hub, mainly caters to experienced traders. Beginners might find its account and fee structure challenging to understand.
Our Take On IC Trading
"IC Trading offers an ideal environment, featuring top-tier execution speeds of around 40 milliseconds, extensive liquidity, and advanced charting tools, perfect for scalpers, traders, and algorithmic traders."
Pros
- The streamlined digital account setup allows traders to commence trading swiftly, eliminating lengthy paperwork. Testing shows the process takes mere minutes.
- IC Trading offers top-tier spreads, with some major currency pairs like EUR/USD featuring spreads as low as 0.0 pips, making it an excellent choice for traders.
- Trading Central and Autochartist provide valuable technical analysis and actionable ideas. These tools are readily available within the account area or on the cTrader platform.
Cons
- The educational materials require significant enhancement unless accessed via the IC Markets website. This limitation is particularly disadvantageous for beginners seeking a thorough learning experience, especially when compared to industry leaders such as eToro.
- Although IC Trading operates under the reputable IC Markets group, it is licensed by the FSC in Mauritius, a regulator known for its limited financial transparency and lack of robust safeguards.
- Customer support was inadequate during testing, with multiple live chat attempts going unanswered and emails ignored. This raises significant concerns regarding their capacity to manage urgent trading issues.
Our Take On Fusion Markets
"Fusion Markets offers forex traders competitive pricing with minimal spreads, low commissions, and new TradingView integration. It is an excellent choice, especially for Australian traders, given its base and regulation by ASIC."
Pros
- The selection of charting platforms and social trading features is outstanding. Options like MT4, MT5, cTrader, and the newer TradingView meet diverse trader preferences.
- Fusion Markets provides exceptional support, characterised by rapid, friendly, and efficient responses. Unlike other platforms, it doesn't utilise automated chatbots, ensuring traders experience a seamless interaction.
- Fusion Markets provides algo traders with a sponsored VPS and offers a 25% discount for choosing the NYC Servers VPS for MT4 or cTrader.
Cons
- Unlike AvaTrade, there is no specialised trading platform or app tailored for beginners, which is a significant disadvantage.
- Traders from outside Australia need to register with loosely regulated international firms that offer limited protection, lacking both safeguards and negative balance protection.
- The demo account, lasting only 30 days, is limited in its effectiveness as a trading tool when used with a live account.
Our Take On BlackBull Markets
"Following the upgrade to Equinix servers in New York, London, and Tokyo, BlackBull has reduced latency, making it a clear choice for stock CFD trading using ECN pricing."
Pros
- BlackBull provides everything a trader needs: execution speeds under 100ms, leverage as high as 1:500, and competitive spreads starting at 0.0 pips.
- After collaborating with ZuluTrade and Myfxbook and refining its CopyTrader, BlackBull now provides an exceptionally comprehensive trading experience.
- BlackBull provides three ECN-powered accounts—Standard, Prime, and Institutional—to cater to traders of all experience levels, from novices to seasoned professionals. The variety of account types allows for flexible options tailored to individual trading needs and available capital.
Cons
- Despite an expanding range of over 26,000 assets, including new additions to Asia Pacific indices, their offerings are primarily equities. The selection of currency pairs and indices remains average.
- Unlike many leading brokers, BlackBull imposes a bothersome $5 fee for withdrawals. This charge can reduce the overall cost-effectiveness, particularly for traders who regularly transfer funds.
- Despite enhancements such as webinars and tutorials in the Education Hub, our review indicates that the courses still require greater emphasis on elucidating broader economic factors affecting prices.
Our Take On MultiBank FX
"MultiBank FX is an excellent choice for active forex traders, offering 55 currency pairs, spreads starting at 0.0 pips, and leverage up to 1:500."
Pros
- MAM and PAMM accounts, along with FIX API, cater to high-volume or professional traders. Additionally, there is support for algorithmic strategies through EAs and VPS hosting.
- Esteemed MT4 and MT5 platforms, along with exclusive MultiBank-Plus solutions and social trading features, offer robust trading opportunities.
- A wide selection of local payment options allows withdrawals to be processed swiftly, typically within 24 hours.
Cons
- Average education and market research
- A minimum deposit of $5,000 is necessary to access ECN spreads.
- £60 monthly fee for inactivity
What Is cTrader?
cTrader is a multi-asset forex and CFD NDD trading platform developed in 2011 by Spotware, a FinTech company founded in Cyprus. cTrader was designed to facilitate ECN/STP trading, enabling clients’ orders to be routed directly to liquidity providers, resulting in more efficient and transparent executions. Its automated investing and copy trading features, in addition to its sleek and intuitive design, make it a serious competitor to the industry recognised MetaTrader 4 and 5 platforms.
In this cTrader tutorial, we conduct a review of the platform’s mobile app, copy trading, robots, charting functionality and download options, including a direct comparison of cTrader vs MT4 and MT5.
cTrader’s core capability is the execution of trades and technical analysis. Using the platform, investors can trade stocks, indices, commodities, forex, ETFs and cryptocurrencies including Bitcoin, though specific markets depend on the broker.
The Active Symbol Panel provides details of selected assets and allows investors to make trades from this view. Trades can also be executed via the QuickTrade feature with either a single or double click, depending on user configuration.
Traders can create Market, Limit and Stop Orders with QuickTrade settings, applying Advanced Take Profit and Stop Loss levels. Limit orders are applied using the Market Trade checkbox and Trailing Stop Losses can be enabled to automatically update every time the price moves in the trader’s favour.
Furthermore, the platform supports simultaneous order processing, allowing multiple orders to be filled at once without a queue.
Getting Started
Accounts & Login
The platform supports demo and live accounts, both of which can be set up as hedging or netting accounts. Demo accounts are a great way for traders to test their strategies using virtual funds, in an environment reflecting the same appearance, features and functionality as the live account. Customers can sign up for a cTrader ID profile on the platform website, which will synchronise all of their trading accounts. This means users can access any broker’s version of cTrader, via the single ID login. If users wish to delete their demo or live account, they will need to contact the relevant broker.
System Requirements
The platform is available to download on Windows desktop, tablet and mobile, or can be accessed via web login (currently cTrader Web version 4.0). Spotware recommends downloading the platform on Windows 7 to Windows 10 operating systems only, as any previous versions such as Windows XP may result in low functionality. There is currently no desktop version available for Linux Ubuntu or Mac users including Mac OS X, but cTrader web is accessible via any HTML-5 compatible browser. The investing solution has put emphasis on supporting the Safari browser to give Mac users a high-quality trading experience.
The webtrader provides access to all the standard desktop features, with identical manual trading and charting but without the need to download software. However, keyboard shortcuts and hotkeys cannot be used in the web version.
The platform can also be used with VPS (Virtual Private Servers) to reduce latency and increase reliability, which is particularly suited to traders using bots.
Charting & Technical Analysis
The platform offers high-quality technical analysis, via a clean and easy-to-use interface. 9 chart types are available, including Candlesticks, Heiken Chart and Renko Chart. An impressive 54 timeframes and 6 zoom levels allow traders to analyse markets from a range of perspectives.
Additionally, single chart, multi-chart and free-chart modes are available, which provides full control over how charts are viewed. Detach mode can be applied on top of any of these, which allows traders to open standalone charts (for example in a separate tab on Windows), and is therefore extremely useful when using multiple screens. Users also have the option to remove the cTrader logo.
Traders have access to a large library of over 70 built-in indicators when they login to the terminal, including Linear Regression, Pivot Points, Hull Moving Average (HMA) and Stochastic Oscillator, enabling forecasting of future market positions. Additional free and paid-for indicators can be downloaded from cTrader’s library.
Free indicators include:
- Zigzag
- Heatmap
- Heiken Ashi
- NNFX Information
- Lot Size Calculator
- Position Size Calculator
- Exponential Moving Average (EMA)
Paid-for indicators include:
- Forex Trading Session indicator
- Support and Resistance indicator
- Risk and Reward risk management tool
Additionally, traders can pay for volume profile and volume indicators, Harmonic Pattern indicators, news indicators and indicator alerts.
Custom period charts can be purchased too, which allow the user to select the number of ticks displayed instead of the conventional cTrader time-based view. For example, 2000 ticks reflects the equivalent number of trades.
The drawing toolbar for the trading platform allows the user to attach drawing objects to charts, such as the Risk and Reward calculator and Fibonacci tools. Up to 50 chart templates can be created and saved for use in the future, which can be accessed from any version of cTrader.
Additional Features
The terminal offers a host of additional features that enhance the overall trading experience:
- AutoChartist – Scans the forex, cryptos, metals, energies, indices and stocks markets to find the best trading opportunities in real-time. Using well-known chart patterns such as Fibonacci and Triangles, the AutoChartist shows traders high-level patterns, without the need to set up bespoke indicators and timeframes.
- cTrader Analyze – Provides detailed analysis of trading activity including profitability and performance statistics, enabling traders to review their strengths and weaknesses. Traders also have the option to export trading historical data in Excel or HTML format.
- ChartShots – Allows users to share their trading strategies and analysis with other traders. Clicking once with the tool enables screenshots to be shared via a unique URL, which can then be embedded in web pages and blogs, or shared on social media.
- FXStreet Economic Calendar – A fully integrated calendar that provides comprehensive, accurate and frequent forex updates. Information is provided for an impressive 1000 events from 42 countries, in addition to a countdown prior to the event or data release.
- Live Market Sentiment Indicator – Displays the ratio of long versus short positions of all other trades, for all brokers that support cTrader. This tool helps traders to decide whether they should enter or exit a market.
- Visual Mode – Enables the viewing of trades in action, which is useful when running a backtest (a way of doing market replay). Downloadable simulator bots can also be used to test strategies in replay mode including bar replay if preferred.
Automated Trading
cTrader Automate (formerly cAlgo) is the platform’s algorithmic automated trading functionality, which allows users to create robots and indicators, carry out manual backtesting of cBots, set email notifications and provide code samples.
Using C# programming language and the Visual Studio built-in code editor, traders are able to create cBots. These are bespoke strategies that can execute market orders independently, equivalent to the MetaTrader 4 Expert Advisors (EA).
C# is a high level, object-oriented programming language like Python, although it has a steeper learning curve. Employing a mainstream programming language is a huge advantage for cTrader, as it means there is a large pool of developers available to develop bots. If traders aren’t familiar with C#, they have the option to download free and paid-for cBots from the cTrader community website. Paid-for examples include the popular Grid Trading Strategy robot, various moving average bots (which can execute trades or just act as a signal provider) and scalping bots. Traders can also access open-source code on Github.
Copy Trading
cTrader Copy, formerly known as cMirror, is the platform’s trade copier solution to PAMM. Investors have the opportunity to copy strategies from a large pool of professional traders and can exit at any time, unlike PAMM which gives traders less control over their money.
The copy terminal enables anyone to become a Strategy Provider and broadcast their trading strategy for a commission that they choose (up to a limit of 100 USD per million). As cTrader Copy is a cross-broker community, traders have access to a wide range of Strategy Providers that includes those that are not signed up to the same broker.
cTrader does not charge an additional commission, meaning investors have access to better value services while Strategy Providers have the opportunity to earn more revenue from their trading strategies. Traders can also message Strategy Providers directly to ask questions before committing, and save strategies in their favourites.
cTrader Mobile App
Customers can trade from any location using the cTrader mobile and tablet app, available for iOS and Android operating systems in 22 languages. It is free to download from the App Store and Google Play.
Much of the functionality available on the web-based and desktop platform has been read across to the app, including the ability to trade using either QuickTrade or order tickets. Technical analysis is also possible, with 26 timeframes and over 50 indicators available. Additionally, it offers useful gestures such as pinch to zoom and double-tap to re-centre.
Traders have the option to use asset overview screens, live market sentiment and links to external news sources, to keep them informed whilst trading. Trading schedule and trade statistics can also be viewed. Customer support is available via a live chat service on the app.
Help & Resources
The cTrader website has well-organised resources including a forum, help centre and library of custom indicators and bots. The forum can be used to post technical questions to the customer services team or other users, for example if cTrader is not connecting.
The help centre provides high-quality step-by-step guides of the platform functionality for desktop, web and mobile versions. A user guide manual is also available to download as a PDF.
A suggestions group allows users to provide feedback of functionality they wish to see implemented on the cTrader platform in the future. This results in regular improvements to the terminal’s functionality, with software versions 3.5, 3.6, 3.7 and 3.8 released in recent years.
Additionally, cTrader has a YouTube channel which hosts a large selection of videos discussing its features and how to carry out specific trades such as partial closes. Platform content is also provided by other YouTube channels, such as the cTrader Guru.
cTrader Vs MetaTrader 4 & 5
A key difference between cTrader and MetaTrader 4 and 5 is its popularity among the trading community. In this section we directly compare the cTrader platform features with MT4 and MT5, so you can decide which is better for your needs.
Markets
When considering if MetaTrader 4 or MetaTrader 5 is better, several factors come into play. MT4 is specifically designed for CFD forex instruments, unlike MT5 which is a multi-asset trading platform. A comparison of cTrader vs MetaTrader 5 shows that they offer trading on similar assets including stocks, commodities, cryptos, forex and CFDs.
Depth of Market
cTrader is superior to MetaTrader with regards to the availability of level 2 depth of market data, also known as the order book. Market depth provides information about the number of orders pending at a given price, thereby giving traders an advantage.
While MT4 was not set up with depth of market, it is available via some brokers with plugins. MT5 does offer the market depth feature, however it is not as sophisticated and its availability is not guaranteed for all instruments.
In contrast, cTrader is accurate and comprehensive, offering three depth of market views:
- Standard – Ability to get current price and liquidity, but no option to trade
- Price – Provides more detail and users are able to place trades from this view
- VWAP – Useful when trading large volumes, as it allows the investor to see the average price for the volume traded
Charts
Technical analysis functionality is important when it comes to deciding on whether to use cTrader or MetaTrader. While MT4 and MT5 have 30 and 38 built-in indicators respectively, cTrader offers a massive 70 pre-installed indicators. Additionally, cTrader offers 26 timeframes, in comparison to MT5’s 21, and MT4’s less impressive 9.
The cTrader user interface is also preferable to MetaTrader, as it is less dated, less cluttered and more intuitive. cTrader is let down by its lack of ‘go-to-date’ feature, which has been requested by the online community but not yet implemented. Instead, users have to manually scroll back and forth through time, unlike MetaTrader where the date can simply be entered.
Open API
Developers have increased flexibility using cTrader compared with MetaTrader, due to its Open API 2.0, which is a free and publicly accessible API. This grants users the ability to build their own applications such as trading platforms, alert systems and charts based on cTrader’s technology, which can then be connected to a live account.
FIX API
Additionally, cTrader provides the industry-standard FIX API interface to every client, for no additional cost, unlike MetaTrader which relies on a bridging solution from a limited number of brokers. FIX follows a set process for the transfer of financial information that allows for the rapid transfer of large amounts of information, resulting in lower execution times.
Automated Trading
A key advantage of the cTrader platform is its use of the mainstream C# programming language, meaning there are a range of developers with C# skills to write bot algorithms. MetaTrader on the other hand, uses MQL4 and MQL5 programming languages, for MT4 and MT5 respectively. As well as not being mainstream programming languages, they are also not compatible with each other.
However, this is counteracted by the much larger and more mature online MetaTrader community. MetaTrader users have access to a far greater selection of automated trading tools and custom indicators, as well as online support forums. Paid-for algorithms can convert MT4 bots to cTrader, although there is currently not a cTrader to MT4 copier bot available.
cTrader would benefit from a full trade manager solution integrated with the platform, which is already available with MetaTrader.
cTrader Vs TradingView & NinjaTrader
As well as choosing whether to trade with cTrader or MetaTrader, it’s also worth comparing the Trading View and NinjaTrader platforms.
TradingView offers a wide range of markets in addition to a social network. However, it comes with a yearly subscription fee unlike cTrader, which has no cost associated with its core functionality (spread betting is a low cost add on). NinjaTrader offers advanced charting, automated trading and a larger online community, though users must also pay a fee to be able to trade.
Overall, when comparing cTrader to TradingView and NinjaTrader, it is a toss-up between a free platform and a more experienced online community.
Pros Of cTrader
The functionality offered by the cTrader platform is impressive, and outdoes MetaTrader in several areas:
- Automated trading based on mainstream C# programming language
- FIX API for all clients resulting in reduced latency
- Weekly demo contests available at brokers
- Wide range of technical analysis tools
- Integrated AutoChartist tool
- Increased depth of market
- Modern user interface
Cons Of cTrader
However, there are some areas where the investing solution falls behind its competitors:
- Smaller online community means a reduced selection of custom indicators and bots available for download
- A limited selection of brokers to trade with
Final Word On cTrader
cTrader is a free online platform with excellent automated trading and copier tools. Its intuitive user interface and integrated AutoChartist tool make it a suitable platform for beginners. Additionally, its rich charting and cBot capability makes it a good choice for experienced traders, too.
Traders may feel let down by the lack of online content including custom trading and indicator bots when comparing cTrader with the popular MetaTrader 4 and 5 platforms. This is due to the reduced number of brokers offering cTrader and therefore the smaller and less experienced online community.
FAQ
What Are the Best cTrader Brokers in the UK?
Great brokers offering the cTrader platform include FXPro, Pepperstone, and ICMarkets. See our list of cTrader brokers for the best options.
What Is The cTrader Platform?
cTrader is a trade execution platform for stocks, indices, commodities, forex, ETFs and cryptocurrencies, with charting tools enabling technical analysis. Additional features include automated investing and copy trading.
What Is A cTrader Account?
A cTrader ID account is a profile assigned to a trader, where all of their accounts are synchronised. This means users can access any broker’s version of cTrader with unified credentials.
How Much Does cTrader Cost?
cTrader does not charge a license fee for use of its platforms. However, brokers charge different fees and commissions when using cTrader and so clients should check with their broker directly.
How Do I Download cTrader?
cTrader is available to download to Windows desktop from the Spotware website. Users can also download the cTrader app to their iPhone or Android device, from the App Store or Google Play.
What Is The Difference Between cTrader, MT4 And MT5?
MT4 is designed for forex trading while MT5 and cTrader offer multi-asset market access. cTrader has a wider selection of built-in indicators through a more modern interface, while MetaTrader has a larger selection of online resources including trading bots and custom indicators.
Why Should I Trade with a cTrader Broker?
cTrader features many advantages to other trading platforms and has a devout base of traders that prefer it over the alternatives. Read this tutorial on cTrader to learn all about its benefits and which the best cTrader brokers are in the UK.
What Leverage Does cTrader Offer?
The downloadable cTrader platform supports leverage up to 1:1000 for all symbols and accounts, though brokers will apply individual leverage limits.