8 Best cTrader Forex Brokers (2024) | InvestinGoal (2024)

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cTrader forex brokers refer to forex (Foreign Exchange) brokerage firms that provide traders with access to the cTrader trading platform developed by Spotware Systems.

This platform is renowned for its advanced features, including one-click trading, sophisticated charting tools, automated trading through cAlgo, and Level II pricing. cTrader is especially noted for its user-friendly interface, transparent pricing, and support for algorithmic trading.

cTrader is primarily known and widely used in the Forex (foreign exchange) market. The platform was designed with forex trading in mind, offering a range of features and tools that cater to the unique needs of forex traders. In addition to Forex, cTrader does support trading Contracts for Difference (CFDs) on other assets like indices, commodities, and some individual stocks. However, its prominence and reputation are primarily anchored in the Forex trading community.

In this article, we have grouped some of thebest brokers offering the cTrader platform.

To compile this ranking of the best cTrader brokers, we have taken into consideration various factors, including:

• The devices on which the broker offers cTrader
• The accounts available on cTrader
• The fees of the cTrader accounts
• The quality of execution of forex orders.

What are the best cTrader forex brokers?

Below our curated list of the best cTrader brokers for forex trading, complete with detailed information about their standout features and qualities.

(74-89% of retail CFD accounts lose money)

• Pepperstone offers the cTrader platform via desktop, mobile, and webtrader.
• To open either type of cTrader account with Pepperstone, a $200 minimum deposit is required.
• With Pepperstone, more than 60 forex pairs can be traded on cTrader, with spreads as low as 0 pips.
• The cTrader with Pepperstone lends itself well to scalping due to low fees and efficient ECN execution.

74-89% of retail investor accounts lose money when trading CFDs

• At IC Markets you can use cTrader via desktop, mobile, and webtrader.
• IC Markets offers three account types, but only one (the Raw Spread account) supports cTrader.
• On the Raw Spread cTrader account, IC Markets does not charge mark-ups on the spread but charges a fixed fee of US$7 per lot traded.
• On IC Markets, over 60 forex pairs can be traded on cTrader.

74-89% of retail CFD accounts lose money

• The cTrader platform on Fusion Markets is available on desktop, mobile and on the browser as webtrader.
• Fusion Markets is known to offer afast order execution, meaning that you can get the most out of the cTrader platform.
• At Fusion Markets you can trade over 90 forex pairs.
• Fusion Markets offers raw spread trading, but charges a volume-based commission of 5$/lot.
• At Fusion Markets there’s no minimum deposit in place.

(Your capital is at risk)

• FxPro offers cTrader on Desktop, webtrader and mobile.
• On cTrader FxPro offers over 70 forex pairs with spreads as low as 0 pips.
• FxPro charges a fixed commission of $9 for each forex lot traded.
• On the cTrader platform the execution offered by Fxpro is NDD.
• FxPro’s minimum deposit to open a cTrader account is $100.

72.87% of retail investor accounts lose money

• Axiory offers cTrader on multiple devices: desktop, mobile, and web.
• There are three cTrader Axiory accounts to choose from including Nano, Standard, and Max.
• The minimum deposit to open a cTrader account with Axiory starts from $10.
• With Axiory traders can trade over 60 forex pairs with spreads from 0 pips.

(Your capital is at risk)

• Fibo Group offers the cTrader platform, but only for clients operating outside the European Union under the FSC branch of the broker.
• More than 40 forex pairs can be traded on cTrader with low spreads.
• Fibo Group’s minimum deposit is $50.
• Fibo Group’s cTrader can be either downloaded to desktop or used on webtrader.
• Fibo Group also provides a copy trading system on cTrader, namely cTrader Copy.

• Fibo Group migth be considered the best option for experienced traders

(Your capital is at risk)

• Fondex offers cTrader via desktop and browser.
• The minimum deposit to open a cTrader account is $250.
• Fondex offers over 40 forex pairs with spreads as low as 0 pips.

75.12% of retail investor accounts lose money

What are the cTrader Characteristics?

The cTrader platform has extremely lightweightsoftware which makes it is a practical and fast platform. cTrader offers many indicators and gives you the ability tocustomize the graphical interfaceto suit all trading and analysis styles.

With cTrader, you can usetime framesthat are unusual on other platforms (for instance 1 to 34 tick charts, minutes charts for 2, 3, 4, and 45 minutes).

One of the features that most contributed to the fame of cTrader isthe ability to see thedepth of a market, a particularly useful feature that has helped it gain popularity amongECN brokers.

By watching the liquidity providers market live and directly interacting with it,we can finally exclude any dealing desk intervention from the broker.

Why are cTrader brokers the best for scalpers?

The cTrader platform is one of the fastest trading platforms in terms of order execution. Additionally, cTrader users can turn on the market depth, which allows scalpers to have an insight on the market liquidity by knowing the amount of currency bought and sold at a certain date and time.

This, added to the fact that is usually offered bybrokers with low spreads, makes it agreat platform forscalpingandday trading in general.

Orders can be entered and edited, working directly on the asset chart within which you want to operate. You can quickly double your positions, close them, or open them in the opposite direction, both from the chart and from the positions section. That’s why cTrader is normally the ideal platform for anyone looking to do scalping, especially if you pair it with abroker with high leverage.

The platform alsooffers Advanced Take Profit and Advanced Stop Loss tools, which are useful for managing partial returns (profits or losses) at certain price targets, without the help of other software or the physical presence of the trader.

Does cTrader allow EAs and custom indicators?

cTrader allows traders to create, download and install both custom indicators and EAs for automated trading.

Compared to other trading platforms such as MT4 and MT5, cTrader is less flexible when it comes to coding new EAs. First of all, in order to code EAs, the traders must know the cAlgo coding language which is totally different from the MQL4 or the MQL5 languages.

Additionally, the code may not allow traders to retrieve data directly from the trading platform, such as the execution time of trades.

However, looking at the bigger picture, the cTrader trading platform is still a good alternative for algo trading, especially for scalpers and traders who execute trading strategies that rely on the market liquidity.