Originally posted by Forex Crypto Hub
If you are a more advanced trader and are looking for a broker that allows the cTrader platform, you’ve come to the right place.
We have researched the web for the best cTrader brokers in the USA, Canada, Australia, UK and more. The cTrader trading platform has more advanced feature and capabilities than other similar platforms like Metatrader.
Though the amount of forex brokers that offer cTrader are limited, we have compiled a list of ALL of them down below.
Don’t exactly know what cTrader is or offers? We got that covered too down below in this article!
Complete cTrader Forex Brokers List for 2023
Broker | Max Leverage | Regulators | Broker Type | Min deposit | Website |
Axiory | 1 : 777 | IFSC | Market Maker | $50 | Link |
fibogroup | 1 : 500 | FSC, CNMV | Market Maker | $0 | Link |
Fondex | 1 : 500 | BMA | Market Maker | $0 | Link |
FX Pig | 1 : 400 | VFSC | ECN | $500 | Link |
FxPro | 1 : 500 | FCA, CYSEC | Market Maker | $500 | Link |
IC Markets | 1 : 500 | ASIC, FCA, CYSEC | ECN | $200 | Link |
OctaFX | 1 : 500 | FCA, FSA | ECN | $100 | Link |
OMF | 1 : 100 | FMA | ECN | $10,000 | Link |
Pepperstone | 1 : 400 | ASIC, FCA | ECN | $200 | Link |
RoboForex | 1 : 2000 | IFSC | ECN | $0 | Link |
Scandinavian Capital Markets | 1 : 100 | FSA | ECN | $10,000 | Link |
Skilling | 1 : 500 | FSA, CYSEC | ECN | $100 | Link |
Broker | Max Leverage | Regulators | Min deposit |
Axiory | 1 : 777 | IFSC | $50 |
Fibogroup | 1 : 500 | FSC, CNMV | $0 |
Fondex | 1 : 500 | BMA | $0 |
FX Pig | 1 : 400 | VFSC | $500 |
FxPro | 1 : 500 | FCA, CYSEC | $500 |
IC Markets | 1 : 500 | ASIC, FCA, CYSEC | $200 |
OctaFX | 1 : 500 | FCA, FSA | $100 |
OMF | 1 : 100 | FMA | $10,000 |
Pepperstone | 1 : 400 | ASIC, FCA | $200 |
RoboForex | 1 : 2000 | IFSC | $0 |
Scandinavian Capital Markets | 1 : 100 | FSA | $10,000 |
Skilling | 1 : 500 | FSA, CYSEC | $100 |
cTrader Brokers in the USA
It may be hard to believe, but there are no forex brokers in the USA that offer the cTrader platform.
Offshore brokers usually don’t allow US citizens to trade with their brokerage making the number of brokers available to residents of the USA limited.
cTrader Brokers in Canada
Just like the Americans, Canadians will have a tough time finding a forex broker that offers Canadians the ctrader platform.
Currently there are no forex brokers that Canadians can use cTrader.
cTrader Brokers in Australia
If you live in Australia you will be happy to know that there are multiple Forex brokers that offer the ctrader platform.
IC Markets and Pepperstone both have deep roots in Australia. Both brokers are well known in the retail forex arena and are established.
cTrader Brokers in UK
Many cTrader brokers will allow traders from the UK. We recommend FxPro as a solid choice for clients in the United Kingdom.
Other cTrader Brokers to Consider
Fondex: The Best Choice for Emerging Markets
Fondex is our top recommendation for traders in emerging markets who are looking to trade forex using the cTrader platform. The broker exclusively offers the cTrader platform and provides three distinct options for a tailored trading experience: trade, copy, and automate. With over 80 forex pairs and a commission-free account option, Fondex offers a wide range of trading opportunities and cost-effective solutions for traders. The broker also provides advanced trading tools, including auto trading and copy trading features.
Pros:
- Wide range of forex pairs
- Commission-free account option
- Advanced trading tools and features
- Tailored trading experience with cTrader
- Good choice for emerging markets
Cons:
- Micro lots unavailable to all markets
- Lacks a choice of trading platforms
GO Markets: A Good Selection for Traders in Europe
GO Markets is a solid choice for traders in Europe who are interested in trading forex with the cTrader platform. The broker offers low commissions, competitive spreads, and a diverse range of trading platforms. With access to a wide range of markets, including over 80 forex pairs, stocks, indices, commodities, and cryptocurrencies, GO Markets provides ample opportunities for traders to diversify their portfolios. The broker also offers a range of trading tools and features, including social trading options and advanced charting capabilities.
Pros:
- Lowest commissions for an ECN-style broker
- Competitive spreads
- Diverse range of platforms
- Advanced trading tools and features
- Good range of tradable markets
Cons:
- Limited social trading options
- Lacks negative balance protection
What is cTrader?
Ctrader is a trading platform for Forex and CFD trading developed by Spotware back in 2010.
Their platform is full of a range of features that any advanced trader would find attractive and that a broker would want to offer to its clients.
cTrader trading boasts fast entry and execution, level 2 pricing and a range of advanced order types.
The creators promotes themselves as a ” Premium charting and manual trading platform”. Traders can use the platform on many devices including on mobile apps, web and desktop.
cTrader features many different platforms aside from their trading platform which include:
- cTrader Charting
- cTrader Copy
- cTrader Open API
- cTrader Automate
- cTrader FIX API
- cTrader Web
- cTrader Mobile
Benefits of ctrader:
- orders filled in milliseconds
- simultaneous order processing
- multiple orders can be filled at one time
- Level 2 pricing – depth of market
- Custom Watchlists
- Live Market sentiment
- Customizable email alerts
Different range of cTrader orders:
- Market order
- Stop order
- One cancels the other
- Stop-limit order
- Market range
- Limit order
- Market order on open
- Time of the day
- Good till day
Usually the cTrader platform is for the “more professional trader”. Some brokers are better then others, it is important you trade with the best cTrader Forex broker.
All cTrader brokers are not treated equally. That is why we made some recommendations based on where you live and general rankings.
Choosing the right broker is extremely important, though we can make recommendations, it is up to you to do the research and make sure that you are confident in them.
cTrader vs MT5, Which is better and why
When comparing cTrader and MT5, it’s important to consider your specific trading needs and preferences. Here are some key factors to consider:
- User Interface: cTrader offers a sleek and intuitive interface with customizable features, making it user-friendly for both beginner and advanced traders. MT5 has a more traditional interface but provides extensive functionality.
- Execution Speed: cTrader is known for its fast order execution, as trades are sent directly to the market without any dealing desk intervention. MT5 also offers fast execution but may have slight delays due to the dealing desk model employed by some brokers.
- Charting and Analysis: MT5 offers a wide range of technical analysis tools and advanced charting capabilities. It also supports automated trading systems. cTrader has an impressive range of technical indicators and drawing tools, but its automated trading options are not as extensive as MT5.
- Asset Classes: Both platforms support a variety of asset classes, including forex, stocks, indices, and commodities. MT5, however, has a broader range of available markets, including cryptocurrencies.
- Community and Support: MT5 has a larger user base and a vast online community, making it easier to find support, tutorials, and resources. cTrader has a smaller but growing community, and its dedicated support team is known for providing prompt assistance.
Ultimately, the choice between cTrader and MT5 depends on your trading style, goals, and preferences. If you prioritize speed, user-friendliness, and customizable features, cTrader may be a better fit. On the other hand, if you require advanced analysis tools, automated trading options, and a wider range of markets, MT5 might be the preferred choice.
Conclusion
In conclusion, when it comes to trading forex with the cTrader platform, there are several top brokers to choose from. IC Markets, FxPro, Pepperstone, GO Markets, and Fondex are all excellent options for traders looking for low spreads, fast execution speeds, advanced trading tools, and a wide range of tradable instruments. Each broker has its own unique features and strengths, so it’s important to consider your specific trading needs and preferences when making a decision. With this comprehensive comparison, you can confidently choose the best cTrader forex broker for your trading journey.
About This Article
Author: Mark Prosz
Sources of information and credits for this post include:
https://spotware.com/ctrader/trading/ctrader-trading-platform, https://ctrader.com/
*A portion of the Sign up links to brokers websites are affiliate links. We may receive a commission with no charge to you. This enables us to keep creating helpful forex trading content for our readers for free.
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