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Is cTrader a good platform?

Started by PocketOption, Jan 29, 2023, 03:03 pm

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Is cTrader a good platform?

cTrader forex trading platform is a custom-built trading platform for use by ECN forex brokers, developed by cTrader Ltd. a London-based company. FxPro is one of the most prominent ECN forex brokers that offer the cTrader forex trading platform. The cTrader forex trading platform is Windows-compatible on Windows 7, 8, 10, and 11. The cTrader forex trading platform is built for speed and execution with no requotes except during volatile market periods when slippage of 0.1 - 0.3 pips is observed.

cTrader Platform - Trading features

cTrader platform offers two main functions which are execution and charting. The cTrader forex trading platform is visually clean and user-friendly. There is a very short learning curve and traders can get familiar with the cTrader forex trading platform quite quickly.

Some of the features of the cTrader platform

  • True Level II market depth

  • One-click trading module

  • Single-click, Double-click, Trade-confirmation - Entry order types

  • Limit & Stop orders

  • Expanded Symbol display

  • Advanced charting capabilities

  • Good collection of technical indicators

  • Anonymous trading

  • Comprehensive account statements

  • Real-time reports

cTrader ECN Model

cTrader Platform Review

  1. Trade with as many accounts and different base currencies. Switch between accounts easily using the cTrader Account Bar.

  2. Detachable Charts - detachable tab with One-Click Trade Execution buttons. A standalone feature on your desktop.

  3. Multiple Charts give traders the ability to select and group charts they want to follow.

  4. 3 options of trade execution: One-Click, Double-Click, or an Order Screen with Smart Order Routing, utilizing multiple liquidity providers.

  5. Analyze the markets with Technical Analysis Tools; drag, edit, and rotate objects after you have placed them on the charts (e.g. trend lines, indicators, etc).

  6. You can always see the entry-level open position in the chart. By clicking the Position Display Bar, cTrader will display you the exact pip it was opened

  7. Advanced Charts: Multiple time frames (from 1 min to 1 month)

    • You can choose between line charts, bar charts, and candle charts

    • Six levels of zoom-in/out

    • A wide selection of technical analysis tools

    • One-click trade execution on every chart, even when it's detached

    • Easy to turn on/off objects on the charts

  8. Follow deals and margins in real-time and track your positions, pending orders, and deals on Trade Watch

  9. Quick and easy way to choose and trade your preferred currency with the Expanded Symbol Display and add them to your 'Favorites', so you only have your favorite currencies on display.

  10. Level II Pricing is a list of best-ranked bid and ask prices with a number of lots available, giving you a detailed insight into the price action. You can react immediately, by choosing the best offer and the number of available lots from the accessible liquidity provider.

cTrader Platform - Charting

The cTrader charts use the same concept as that of the MT4 trading platform, which is the green bars over a black background, with the exception being that on the cTrader platform, the bid/ask price is also displayed.

The cTrader charts offer a selection of different time frames, from 1 minute through the monthly time frame. The charting tools are available on the right side of the platform and it’s easy to draw various trend lines, support & resistance lines, and so on.

The cTrader charts also come with a good collection of indicators such as Stochastics, Bollinger, and so on.

cTrader Platform - Order Execution

In order to execute the trades, traders need to click on any pair on the left side of the trading platform which expands and enables traders to place an order. The orders can be placed with a single or double click and instantly executed as a market order.

However, for every trade, entry/stop loss and other such factors have to be placed as separate orders. The pending orders are displayed individually so it makes it easy for traders to track their orders. Other tabs include positions, orders, and deals thus making for an organized display.

cTrader platform also comes with a 'Favorites' tab where traders can add their preferred currency pairs to trade. The 'Favorites' tab makes it easy to place the order entry.

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