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cTrader is a prominent trading platform developed by Spotware Systems Ltd., designed primarily for Forex and CFD (Contracts for Difference) trading. Since its launch in 2010, cTrader has gained a reputation for its user-friendly interface, advanced technical analysis tools, and transparent pricing. It caters to both novice traders and experienced professionals, offering a comprehensive trading solution that competes with other well-known platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
cTrader stands out in the competitive landscape of trading platforms for its transparent pricing, advanced technical analysis tools, and user-friendly design. Its commitment to providing traders with a comprehensive and accessible trading environment, along with features like automated trading, copy trading, and multi-monitor support, make it a preferred choice for many Forex and CFD traders worldwide. Whether you’re a beginner looking to enter the world of trading or an experienced trader seeking advanced features and customization, cTrader offers a robust platform that can cater to a wide range of trading needs and preferences.
Key Features of cTrader
User-Friendly Interface: cTrader is acclaimed for its clean, intuitive interface that enhances the trading experience. Its design allows for easy navigation and management of trading operations, making it accessible for traders of all levels.
With that said, this is a huge trading platform with a multitude of tools and features. For some novice traders, it will feel overwhelming. It is not unusual for beginners to start out with a smaller proprietary platform offered by their broker, and then – later – move on to cTrader when they have a bit more experience and are beginning to need the advanced tools offered by cTrader.
Advanced Charting and Analysis Tools: The platform provides extensive charting capabilities, with a wide range of timeframes and technical indicators that enable detailed market analysis. Traders can customize charts to their preferences and apply various analytical objects and technical indicators to perform sophisticated market analysis.
Level II Pricing: cTrader offers Level II pricing, displaying the full range of executable prices coming directly from liquidity providers. This feature allows traders to make more informed decisions by understanding market depth and the available liquidity for a given asset.
Automated Trading: Through cTrader Automate, formerly known as cAlgo, traders can develop and run algorithmic trading robots (cBots) and custom technical indicators using C# language. This tool is designed for traders who wish to automate their trading strategies or conduct extensive backtesting on their algorithms. Today, robot trading makes up a very significant part of the total forex market, and with cTrader Automate, it is possible even for small-scale hobby traders to trade in this fashion. Of course, automated trading comes with its own risks.
Copy Trading: cTrader Copy enables users to copy the trading strategies of other traders directly within the platform. This feature caters to both strategy providers, who want to share their strategies with others and get rewarded for it, and investors looking to replicate the trades of more experienced traders. There are also experienced traders who dedicate a part of their portfolio to copy trading to achieve a higher degree of diversification.
Detached Mode: cTrader allows users to detach charts and move them to different monitors, providing a flexible trading environment for those who use multiple displays to monitor the markets.
Risk Management Tools: The platform includes advanced risk management features. In addition to the classic stop loss and take profit orders, you can also use more complex features, such as trailing stops. Ctrader gives you the ability to scale in and out of positions, helping traders manage their exposure and protect their capital.
Web & Mobile Versions: In addition to the desktop application, cTrader is available as a web platform and mobile app, enabling traders to access their accounts and trade from anywhere at any time.
Questions and answers about cTrader
Can I log out from cTrader Web without closing all positons first?
Yes. Your positions will not be closed just because you log out. Also, limit orders will be filled if conditions are met even when you are logged out.
How can I get access to the trading robots?
Trading robots can be used through the cTrader Algo application. Download the cTrader Algo by clicking on the Algo button. You’ll find it at the top on the left-hand side of the cTrader Web main menu.
Can cTrader be used for crypto speculation?
Yes, it can, and BTC/USD and BTC/EUR are available in the cTrader by default, but exactly what you will get access to depend on which broker you chose.
Can I try cTrader with a free demo account?
Yes, many brokers will allow you to sign up for a free demo account and they will fill it with free play-money so you can practice making trades in the plaform and explore the various tools.
How long your demo account will remain active depends on which broker you use. Brokers can chose between 15 days, 30 days, 45 days, or 90 days for their clients. The clock starts ticking after your last log-out.
Where do the price quotes on cTrader come from?
It depends on the broker. Common sources are UBS, Reuters, and Barclays.
Is the cTrader app available for Android devices?
Yes, it is available for both Android and iOS devices. To download the app for Android, go to the Google Play Market.
Note: You can not access the cTrader Web through a mobile device. You need to download and install the app.