The cTrader platform is not as popular as MetaTrader 4. However, in terms of quality, this platform is often regarded as better than MetaTrader 4. The unpopularity of cTrader among traders is because forex brokers who use cTrader services (cTrader brokers) generally require a higher minimum deposit. than that of MetaTrader platforms. This is because cTrader is designed for no-dealing desk transactions which makes it difficult for market maker brokers to mark up their spreads.
If you want to know about cTrader brokers, the following list can be used as your reference:
IC Markets
Established in 2007, IC Markets is a cTrader broker from Australia that serves to provide traders with the ultimate trading experience and cutting-edge trading tools with a starting capital of only $200.
IC Markets cTrader combines the speed of a high-performance platform with the deep liquidity of IC Markets Global, providing clients with the best trading solutions. They even reserve the platform specifically for the raw spread account, further confirming cTrader's capability in providing the best pricing from the market.
Pepperstone
Pepperstone is the largest cTrader broker in Australia. Founded in 2010 with a mission to become the fastest broker in order executions, the Melbourne-based brokerage is very suitable for traders who like scalping or autotrading.
Why choose Pepperstone as your cTrader broker? Well, Pepperstone's cTrader platform offers spreads from 0.0 pips and high liquidity even during volatile markets. They also offer a fill rate of up to 99.94% and no dealing-desk intervention.
LiteFinance
This broker is not only a pioneer of cent accounts but also provides alternative platform options to MetaTrader. Through the cTrader platform offering, LiteFinance seeks to provide advanced analytical features, fast execution, level II market depth, Autochartist signals, and a wider variety of algorithmic trading options.
All those advantages certainly further enhance LiteFinance's service that include various account types, autowithdrawal, VPS, as well as an independent social trading platform.
FIBO
FIBO Group was founded in 1998 and was previously called Cradlewood, Ltd. FIBO Group is categorized as a credible broker because it has survived the market for more than 25 years.
The cTrader platform at this broker provides access to the forex market using NDD (No-Dealing Desk) technology. This allows users to trade with international banks directly, avoiding intermediaries when trading live.
FP Markets
FP Markets is a one-stop destination for trading forex CFDs, shares, indices, commodities, crypto, bonds and ETFs. FP Markets' range of trading accounts offers consistently tight spreads, starting from 0.0 pips.
If you have installed the cTrader platform and want to start trading with FP Markets, open a demo or live account, then log in with your FP Markets cTrader credentials.
The registration process at FP Markets for a demo account only takes a few minutes. However, the process of opening a live account may take longer, depending on the required verification documents.
FxPro
The cTrader platform at FxPro is not only provided as an alternative but also a special tool to bring out lower commissions. This broker states that trading on cTrader comes with a low commission of $35 per $1 million traded. This means that FxPro clients can trade with commissions as low as $3.5 per 1 standard lot.
Other features offered by FxPro's cTrader are 55 built-in technical indicators, 6 types of price charts and 28 types of time frames, Level 2 Depth of Market, unrestricted stop and limit levels, advanced order protection, and many more.
What Are cTrader's Advantages Over MetaTrader 4?
Like other trading platforms, cTrader focuses on two things: smooth execution and charting, which are better than its closest rival, MetaTrader 4. In execution, cTrader is directly connected to the interbank and is claimed to be impenetrable by market makers.
From the charting side, cTrader looks smoother in terms of graphics and has better features than MetaTrader 4. cTrader has more time frames compared to MetaTrader 4 which only has 9 time frames, making it easier for traders to carry out analysis from different time windows.
The cTrader platform is generally used by intermediate to advanced traders. Its compatibility with the no-dealing desk system eliminates traders' concerns over market maker brokers which are known to trade against their clients. As such, using cTrader helps traders to be more comfortable in making transactions.
Closing
In general, cTrader is very suitable for those who want to learn new things. MT4 is very popular, but it's not necessarily perfect. It's a good idea to try another platform to see the difference. Another thing that should be emphasized is that price manipulation by market makers will not be possible in cTrader since it was created specifically for ECN trading.