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Best cTrader Forex Brokers

Marcus Taylor

Written by Marcus Taylor

September 08, 2022

The cTrader Trading Platform

cTrader is an Electronic Communication Network trading platform designed by Spotware Systems, a company based in Europe. The cTrader is an ECN platform brand that is designed as a turnkey platform and which can be adapted for use by several brokers.

The cTrader platform provides straight-through processing (STP) for orders placed by forex traders, allowing them to deal directly with banks and liquidity providers without the intervention of a dealing desk. The cTrader platform is not as popular as the MetaTrader 4 trading software and traders have a much smaller pool of brokers to choose from.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Best cTrader Forex Brokers

  • IC Markets - 8/10 Overall
  • Pepperstone - 8/10 Overall
  • FxPro - 8/10 Overall
  • BlackBull Markets - 7/10 Overall
  • FXPrimus
    - 6.8/10 Overall
  • TopFX - 6.5/10 Overall
Overall Rating
8 / 10
Minimum Initial Deposit
$200
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.62 (August 2021)
All-in Cost EUR/USD - Active0.62 (August 2021)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2007
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses1
Tier-2 Licenses1
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)3583
Forex Pairs (Total)61
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformNo
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)30
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
8 / 10
Minimum Initial Deposit
$200
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.77 (September 2022)
All-in Cost EUR/USD - Active0.87 (September 2022)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2010
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses2
Tier-2 Licenses2
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)1200
Forex Pairs (Total)62
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformNo
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)15
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
8 / 10
Minimum Initial Deposit
$100
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard1.51 (August 2020)
All-in Cost EUR/USD - Active1.27 (August 2020)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2006
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses1
Tier-2 Licenses2
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)2249
Forex Pairs (Total)70
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)76
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
7 / 10
Minimum Initial Deposit
$0
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Average Risk
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.827 (August 2022)
All-in Cost EUR/USD - Active0.827 (August 2022)
PayPal (Deposit/Withdraw)No
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2014
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses1
Tier-2 Licenses0
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)26000
Forex Pairs (Total)72
BitcoinNo
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformNo
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)30
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsNo
Daily Market CommentaryYes
Forex News (Top-Tier Sources)No
Economic CalendarYes


Overall Rating
6.8 / 10
Minimum Initial Deposit
$100
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
High Risk
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - StandardN/A
All-in Cost EUR/USD - ActiveN/A
PayPal (Deposit/Withdraw)No
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2009
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses0
Tier-2 Licenses1
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)140
Forex Pairs (Total)42
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformNo
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)30
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)No
Economic CalendarYes


Overall Rating
6.5 / 10
Minimum Initial Deposit
Depends on payment method
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
High Risk
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - StandardN/A
All-in Cost EUR/USD - ActiveN/A
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2010
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses0
Tier-2 Licenses1
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)655
Forex Pairs (Total)60
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)No
Proprietary PlatformNo
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)30
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsNo
Daily Market CommentaryNo
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


cTrader platform versions

There are several versions of the cTrader platform. These are as follows:

  • cTrader desktop
  • cTrader web
  • cTrader mobile (android and iOs)

The desktop client of cTrader is a downloadable file that can be set up to work on a PC or laptop. It requires a username and password for the trader to log in to either the demo account or the live account. The file is downloaded as an executable (.exe) file and then has to be unpacked and set up by following the prompts on the screen.

The web trader is a web-based, non-downloadable version of cTrader. This is accessible from the broker’s website as an URL, which also requires a username and password for login. It carries the same functionality as the downloadable version of the software but is deployable anywhere. The URL comes in the format: https://ct.brokername.com). The snapshots used in this article are from FxPro, hence the cTrader on this broker is accessible on https://ct.fxpro.com.

The mobile versions of cTrader are built for the Android devices as well as the iOs devices (iPhone and iPad). This allows traders to trade forex with cTrader on the go. The cTrader mobile apps can be downloaded from the respective stores (Google Play for Android and App Store for iOs).

cTrader user guide: Getting started

This is the first button located on the top left page of the cTrader interface. This button enables traders to perform a number of functions related to a demo or a live account.

  1. Sign in: This is used to prompt the trader to log in to a live or demo account, create a new demo account or change the cTrader connection settings
  2. Open Demo Account: Traders can open a demo account from the cTrader platform using this function
  3. Open Live Account: It is not possible to open a Live account from the cTrader platform. The tab redirects to the broker’s web page where live account opening can be done
  4. Exit cTrader (Alt+F4): Closes the terminal. All active robots will be stopped, but any open trades will not be affected
ctrader-1.png

This is a snapshot of the web-based version of the cTrader platform showing the chart section, the currency pairs on the left and a range of other function buttons arranged all over the interface. We will now describe how some of the most basic trade functions work on the cTrader platform.

cTrader user guide: Placing orders

Traders can place two types of orders on cTrader: the market orders and the pending orders. Trade orders are initiated by either pressing the F9 button or by clicking the cTrader tab on the top left corner of the interface, then click “New Order” in the drop-down menu that shows up.

ctrader-2.png

Market Order

ctrader-3.png

Pending Order

When the order windows are opened, the trader has the option of filling the relevant boxes with the appropriate information such as order price, limit price, stop price, etc. When orders are placed, a new window showing the active orders and the pending orders opens. Here is a snapshot of the pending orders window:

ctrader-4.png

cTrader user guide: Instrument information

Traders get to see the following information for each order:

  • Order ID: The order ID is the identification number assigned to the trade order.
  • Time: Shows the date and time the order was placed.
  • Symbol: This is the symbol for the asset which the trader intends to trade.
  • Volume: This is the trade volume that the trader has assigned for the trade. On cTrader, trade volumes and not the lot size is the way that sizes of trades are measured.
  • Type: Shows the type of order that the trader has set. These could either be Limit or Stop orders on the Buy or Sell side.
  • Entry: Shows the trade’s entry price.
  • Expiry: Exclusive to pending orders, this is the time at which the trade order can expire. A trader may decide that the order will not be valid after a certain time. This is where the trader can set the parameters for an invalid order to expire.
  • T/P: Stands for “Take Profit” point.
  • S/L: Used to connote the “Stop Loss” point.
  • Distance Shows the pip distance between the market price and the entry price for the Limit or Stop order.
  • Price: This is the current price of the asset in the market.

cTrader user guide: Tools and charting

Next to the cTrader tab on the top navigation bar is the “Tools” bar. This is where traders get to discover the various trading tools available to them. Examples of these tools are:

  • Chart Mode: Traders can select one out of three chart modes. The single chart mode displays a single chart on the interface. The multi-chart mode presents several charts on the interface and each can be selected by clicking the relevant tab. The free-chart mode enables the trader to view the chart in a different window as a separate entity from the platform.
  • Lines: This function activates the Line tool, used in drawing trend lines.
  • Equidistant Price channel: This is for tracing channels on the chart.
  • Fibonacci: This is to activate the various Fibonacci tools (retracement, arc, expansion, etc).
  • Pitchfork: This function is used to identify the fork pattern where it exists.
  • Set Price Alert: Assuming a trader wants to use a Limit or Stop order at a particular price, this function sets an audio alert for the trader, which is useful if the trader is not immediately on the computer.
ctrader-5.png

cTrader user guide: Tradable Assets

On the left side of the platform interface, the trader is able to view the entire list of tradable assets (currencies, spot metals, etc) using the “Symbol” tab, as well as pick specific assets and save them under a Watchlist.

ctrader-6.png

cTrader user guide: Preferences

  • QuickTrade Mode: This controls the trading mode and allows the trader to perform trades using a Single-Click, a Double-Click or to disable this entirely
  • Sounds On/Off: This tab enables or disables the use of sound alerts
  • Language: cTrader can be used in several languages. This tab enables appropriate language selection
  • Layout Mode: This is used to make adjustments to the chart layout
  • Full screen: To change between the full screen and a minimized screen display, this tab can be used. The F12 button is an alternative shortcut

cTrader user guide: Button Shortcuts

Around the chart window are located several tabs. These are all shortcut tabs that can be used to execute functions on the chart as well as technical analysis.

ctrader-8.png

One of the most important of these buttons is the keyboard shortcut display button. Engaging this button, which is located on top of the chart window, displays several keyboard shortcuts for various functions on the cTrader.

ctrader-9.png

cTrader user guide: Deposits/Withdrawals

Traders can also initiate deposits and withdrawals from their cTrader accounts, directly from the cTrader platform. This is done by pressing/clicking the green Deposit/Withdrawal button located at the bottom left corner of the platform interface.

ctrader-10.png

BrokerNotes.co 2022 Overall Rankings

To recap, here are our top forex brokers offering cTrader, sorted by Overall ranking.

Company Overall Rating Minimum Initial Deposit Average Spread EUR/USD - Standard Trust Score Trust Score Tradeable Symbols (Total) Visit Site
IG logoIG 9.7 £250.00 0.86 (September 2022) 99 Highly Trusted 19537 Visit Site
Saxo Bank logoSaxo Bank 9.5 €2,000 0.9 (September 2022) 99 Highly Trusted 60000
CMC Markets logoCMC Markets 9.4 $0 0.51 (August 2022) 99 Highly Trusted 12377
Interactive Brokers logoInteractive Brokers 9.2 $0 0.6 (Aug 2022) 99 Highly Trusted 8500
TD Ameritrade logoTD Ameritrade 8.9 $0 1.25 pips (September 2022) 99 Highly Trusted 0
FOREX.com logoFOREX.com 8.7 $100 1.0 (July 2022) 99 Highly Trusted 5500 Visit Site
XTB logoXTB 8.7 $0 1.07 (Q3 2022) 95 Highly Trusted 12000
City Index logoCity Index 8.7 £100.00 1.0 (July 2022) 99 Highly Trusted 13500
eToro logoeToro 8.6 $10-$10,000 1 (August 2021) 93 Highly Trusted 3458
Swissquote logoSwissquote 8.5 $1000 N/A 99 Highly Trusted 466
AvaTrade logoAvaTrade 8.2 $100 0.91 (Aug 2020) 93 Highly Trusted 1260
Plus500 logoPlus500 8.2 €100 0.6 (as of Aug 2018) 98 Highly Trusted 2800
FXCM logoFXCM 8.3 Starts from $50 1.38 (Q2 2022) 96 Highly Trusted 441
Admiral Markets logoAdmiral Markets 8.1 $100 0.8 (July 2021) 87 Trusted 8425
FP Markets logoFP Markets 8.3 $100 AUD 1.2 (August 2022) 86 Trusted 9956
IC Markets logoIC Markets 8 $200 0.62 (August 2021) 86 Trusted 3583
OANDA logoOANDA 8 $0 1.26 (5/22-5/27/22) 92 Highly Trusted 124
Capital.com logoCapital.com 8.1 $20 0.6 (July 2021) 77 Average Risk 6000
Markets.com logoMarkets.com 8.1 $100 1.9 (as of Oct 2019) 98 98 2179
XM Group logoXM Group 8 $5 1.6 (Aug 2020) 90 Trusted 1372
Pepperstone logoPepperstone 8 $200 0.77 (September 2022) 93 Highly Trusted 1200
FxPro logoFxPro 8 $100 1.51 (August 2020) 90 Highly Trusted 2249
Tickmill logoTickmill 7.8 $100 0.51 (August 2022) 82 Trusted 295
HYCM (Henyep) logoHYCM (Henyep) 7.7 $100 0.6 (Sept 2021) 86 Trusted 245
DooPrime logoDooPrime 7.7 $100 -1 84 Average Risk 10000
Fineco Bank logoFineco Bank 7.7 $0 N/A 92 Highly Trusted 126
HFM logoHFM 7.6 $5 1.2 (August 2021) 85 Trusted 3500
BDSwiss logoBDSwiss 7.6 $100-$5000 (depending on account type) 1.6 (08/10/22) 83 Trusted 1081
Vantage logoVantage 7.4 $50 1.22 (August 2021) 83 Trusted 257
Trading 212 logoTrading 212 7.4 EUR 10 N/A 77 Average Risk 1785
Moneta Markets logoMoneta Markets 7.3 $50 1.27 (September 2022) 71 Trusted 965
Trade Nation logoTrade Nation 7.1 $0 0.6 83 Trusted 601
ACY Securities logoACY Securities 7.2 $50 1.2 (Sept 2021) 75 Average Risk 1600
Eightcap logoEightcap 7.2 $100 N/A 87 Trusted 326
ThinkMarkets logoThinkMarkets 7.3 $250.00 N/A 86 Trusted 1674
BlackBull Markets logoBlackBull Markets 7 $0 0.827 (August 2022) 74 Average Risk 26000
VT Markets logoVT Markets 7.2 $200 1.2 (September 2021) 71 Trusted 168
easyMarkets logoeasyMarkets 7.3 $100 0.9 (as of Mar 2020) 84 Trusted 199
TMGM logoTMGM 7 $100 0.96 (July 2021) 79 Average Risk 12000
Exness logoExness 7.2 $1 0.9 (as of May 19) 74 Average Risk 112
Spreadex logoSpreadex 7.2 $0 -1 70 Average Risk 2000
IronFX logoIronFX 7.1 $50 1.2 84 Trusted 340
RoboForex (RoboMarkets) logoRoboForex (RoboMarkets) 7.1 $100 1.4 (Jan 2022) 69 High Risk 12000
Trade360 logoTrade360 7 $250 N/A 75 Average Risk 1062
AxiTrader logoAxiTrader 7 0 N/A 83 Trusted 175 Visit Site
GKFX logoGKFX 7 $0 N/A 66 High Risk 354
Vestle logoVestle 7 -1 -1 79 Average Risk 750
TeleTrade logoTeleTrade 7 $100 -1 67 High Risk 500
FXOpen logoFXOpen 7 $100 N/A 80 Trusted 87
OctaFX logoOctaFX 6.8 $25 0.6 (August 2021) 67 High Risk 80
Forex4you logoForex4you 6.9 $0 -1 62 High Risk 150
LegacyFX logoLegacyFX 6.8 $500 0 75 Average Risk 425
FXPrimus logoFXPrimus 6.8 $100 N/A 69 High Risk 140 Visit Site
Alpari logoAlpari 6.8 $20 N/A 67 High Risk 105
GBE brokers logoGBE brokers 6.7 $500 -1 69 High Risk 500
TopFX logoTopFX 6.5 Depends on payment method N/A 67 High Risk 655
ATFX logoATFX 6.6 $500 -1 70 Average Risk 150
UFX logoUFX 6.5 $100 3 (Jan 2021) 67 High Risk 619
Libertex (Forex Club) logoLibertex (Forex Club) 6.5 $10 -1 72 High Risk 300
Xtrade logoXtrade 6.5 $250 -1 80 Trusted 142
Tradeo logoTradeo 6.4 $200 -1 67 High Risk 256
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Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.

About the Author

Marcus Taylor
Marcus Taylor

BrokerNotes was founded in 2014 by Marcus Taylor, founder and CEO of Venture Harbor, a venture studio in Oxford that develops innovative online tools & technology across a range of sectors.


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