Company

Spread

for EUR/USD

Min.

Deposit

Platforms

Offered

Account

Types

Spread

Type

Funding

Methods

Customer

Support

Execution

Details

Pepperstone

Offers one way to trade: Forex

 
Pepperstone
See Details Try a Demo
Your capital is at risk
$200Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
See Platforms
  • Micro
  • Standard
  • VIP
See All Accounts
  • Fixed
  • Variable

See Spreads
  • Bank transfer
  • Credit cards
  • PayPal
See Methods
  • Live chat
  • Phone support
  • Email support
Contact Details
  • Market Maker
  • DMA
  • ECN
Learn More
Trust Score:

B

Established in:

2010

Regulated by:

ASIC

FXPro

Offers four ways to trade: Forex, CFDs, Stocks, Futures

FXPro
See Details Try a Demo
Your capital is at risk
Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
See Platforms
  • Micro
  • Standard
  • VIP
See All Accounts
  • Fixed
  • Variable

See Spreads
  • Bank transfer
  • Credit cards
  • PayPal
See Methods
  • Live chat
  • Phone support
  • Email support
Contact Details
  • Market Maker
  • DMA
  • ECN
Learn More
Trust Score:

AAA

Established in:

2006

Regulated by:

Financial Conduct Authority, C...

See DetailsTry a Demo
Your capital is at risk

Roboforex

Offers one way to trade: Forex

Roboforex
See Details Try a Demo
Your capital is at risk
$1Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
See Platforms
  • Micro
  • Standard
  • VIP
See All Accounts
  • Fixed
  • Variable

See Spreads
  • Bank transfer
  • Credit cards
  • PayPal
See Methods
  • Live chat
  • Phone support
  • Email support
Contact Details
  • Market Maker
  • DMA
  • ECN
Learn More
Trust Score:

B

Established in:

2009

Regulated by:

CySEC

See DetailsTry a Demo
Your capital is at risk

IC Markets

Offers one way to trade: Forex

IC Markets
Your capital is at risk
$200Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
See Platforms
  • Micro
  • Standard
  • VIP
See All Accounts
  • Fixed
  • Variable

See Spreads
  • Bank transfer
  • Credit cards
  • PayPal
See Methods
  • Live chat
  • Phone support
  • Email support
Contact Details
  • Market Maker
  • DMA
  • ECN
Learn More
See Details
Your capital is at risk

Fibo Group

Offers three ways to trade: Forex, CFDs, Exchange-traded contracts

Fibo Group
Your capital is at risk
$300Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
See Platforms
  • Micro
  • Standard
  • VIP
See All Accounts
  • Fixed
  • Variable

See Spreads
  • Bank transfer
  • Credit cards
  • PayPal
See Methods
  • Live chat
  • Phone support
  • Email support
Contact Details
  • Market Maker
  • DMA
  • ECN
Learn More
See Details
Your capital is at risk

OctaFX

Offers one way to trade: Forex

OctaFX
Your capital is at risk
$5Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
See Platforms
  • Micro
  • Standard
  • VIP
See All Accounts
  • Fixed
  • Variable

See Spreads
  • Bank transfer
  • Credit cards
  • PayPal
See Methods
  • Live chat
  • Phone support
  • Email support
Contact Details
  • Market Maker
  • DMA
  • ECN
Learn More
See Details
Your capital is at risk
CFDs are leveraged products and can result in the loss of your capital. All information collected on 1/11/2017.

The Ultimate Guide to

Choosing a Broker
For cTrader

Not sure which broker is right for you?

Don’t worry - we’ve got you covered. In this guide, you’ll learn:

Ready?

Part 1

Why Choose Pepperstone
For cTrader?

Pepperstone scored best in our review of the top brokers for ctrader, which takes into account 120+ factors across eight categories. Here are some areas where Pepperstone scored highly in:

  • 7+ years in business
  • Offers + instruments
  • A range of platform inc. MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps
  • 24/7 customer service
  • Tight spreads from 1.0 pips
  • Used by + traders
  • Allows hedging
  • 1 languages
  • Leverage up to 1:500

Pepperstone offers one way to trade: Forex. If you wanted to trade EURUSD through copy trading or other means, skip to part two.

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.

Pepperstone have a B trust score, which is good. This is largely down to them being regulated by ASIC, segregating client funds, being established for over 7 years, and much more. For comparison:

Trust Score comparsion

Pepperstone FXPro Roboforex
Trust Score B AAA B
Year Established 2010 2006 2009
Regulated by ASIC Financial Conduct Authority, CySEC CySEC
Uses tier 1 banks
Company Type Private Private Private
Segregates client funds

The second thing we look for is the competitiveness of the spreads, and what fees they charge. We've compared these in detail in part three of this guide.

Part 2

Who Pepperstone is (& Isn’t)
Suitable For

As mentioned, Pepperstone allows you to trade in one way: Forex.

Suitable for:

  • CFD Trading
  • Forex Trading
  • Social Trading

Not Suitable for:

To trade with Pepperstone, you'll need a minimum deposit of $200. Pepperstone offers a range of different account types for different traders including a mini account, .

Pepperstone is also suitable for traders looking to trade with an ECN broker. ECN trading allows the trader to get access to the actual pricing of instruments as set by the banks and liquidity providers, rather than relying on the broker to set the price. To open an ECN account with Pepperstone you will need a minimum deposit of $200.

Finally, Pepperstone isn't available in the following countries: UK, North Korea, Iran, Iraq, Syria, Japan, US.

Part 3

A Comparison of Pepperstone vs. FXPro vs. Roboforex


Want to see how Pepperstone stacks up against FXPro and Roboforex? We've compared their spreads, features, and key information below.



Spread & fee comparsion

The spreads below are illustrative. For more accurate pricing information, click on the names of the brokers at the top of the table to open their websites in a new tab.
Pepperstone FXPro Roboforex
Fixed Spreads
Variable Spreads
EUR/USD Spread 1.0 0.6 1.3
GBP/USD Spread 1.1 0.9 1.3
USD/CAD Spread 1.011.5
USD/JPY Spread 1.10.61.6
DAX Spread 1.50 N/A 1.8
FTSE 100 Spread 1.0 N/A 3
S&P500 Spread 0.4 N/A 0.4

Comparison of account & trading features

Pepperstone FXPro Roboforex
Spread type Fixed AAA B
EUR/USD Spread 2010 2006 2009
EUR/GBP Spread ASIC Financial Conduct Authority, CySEC CySEC
Crude Oil Spread
Gold Spread Private Private Private
DAX Spread

Part 4

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 which 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 Meta Trader 4 Trading software and traders have a much smaller pool of brokers to choose from.

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 which can be setup to work on a PC or laptop. It requires a username and password for the trader to login 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 setup 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-platform-charting
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 clicking “New Order” in the drop-down menu that shows up.
ctrader-market-order
Market Order
ctrader-pending-order
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-pending-order-window

cTrader user guide: Instrument information

Traders get to see the following information for each order:
a) Order ID: The order ID is the identification number assigned to the trade order.
b) Time: Shows the date and time the order was placed.
c) Symbol: This is the symbol for the asset which the trader intends to trade.
d) 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.
e) 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.
f) Entry: Shows the trade’s entry price.
g) 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.
h) T/P: Stands for “Take Profit” point.
i) S/L: Used to connote the “Stop Loss” point.
j) Distance Shows the pip distance between the market price and the entry price for the Limit or Stop order.
k) 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:

ctrader-tools-bar

  • 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 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-watchlist

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 minimised screen displays, this tab can be used. The F12 button is an alternative shortcut
  • ctrader-minimised-view

    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-keyboard-shorcuts-charts

    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-shortcus-menu

    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-deposit-withdrawal-screen

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