Best cTrader Broker Guide 2022

With Level II Pricing, cTrader by Spotware is the leading platform for expert currency traders. The top cTrader forex brokers offering the platform include FxPro, IC Markets and Pepperstone.

Written by

Justin Grossbard

With over 20 years of investing experience and 10 years of trading, Justin co-founded Compare Forex Brokers in 2014. He has worked within the foreign exchange trading industry for several years and for several of the largest banks globally. Justin achieved Honours in Commerce and has a Master's degree from Monash University. He also owns Innovate Online offering digital marketing services with over 20 employees.

Updated: 07/08/2022

What Changed?

Each month we update average spreads data published by the brokers the retail brokers lose %

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Top 5 cTrader Forex Brokers

Our August 2022 cTrader broker comparison for currency trading found determined the following winners

FxPro - Best UK cTrader broker
Pepperstone - Best Australian cTrader broker
IC Markets - Best European cTrader Broker
Robo Forex - Good cTrader broker for African traders
Fibo Group - Best cTrader broker for US traders

Visit Site

Our Rating

7.46

9.33

8.50

Review Of FxPro

Review Of Pepperstone

Review Of IC Markets

1,300,000 client accounts

Smart Trader Tools

No Dealing Desk

Regulations and Licenses

ASIC (Australia)

FCA (UK)

FSCA (South Africa)

CYSEC (Cypus)

DFSA (Dubai)

BaFin (Germany)

SCB (Bahamas)

Brokerage

EUR/USD Avg. Raw Spread

0.21

0.17

0.02

GBP/USD Avg. Raw Spread

0.44

0.59

0.23

AUD/USD Avg. Raw Spread

0.62

0.24

0.17

EUR/USD Standard Spread

1.24

0.77

0.62

EUR/USD Fixed Spreads

1.66

Commissions (USD Base)

$4.50

$3.50

Minimum Deposit

Swap Free Account

No Inactivity Fees

Funding Methods

16+

15+

No Funding Fees

Markets and Instruments

Currency Pairs

69+

62+

61+

Cryptocurrency CFDs*

30+

12+

18+

Index CFDs

24+

14+

16+

Share CFDs

150+

300+

100+

Commodities CFD

21+

26+

Stockbroking

Retail Max Leverage (Australia)

Major Pairs 200:1

Major Pairs 30:1
Minor Pairs 20:1

Pro. Max Leverage (Australia)

500:1

Retail Max. Leverage (The United Kingdom)

Major Pairs 30:1
Minor Pairs 20:1

Pro. Max. Leverage (The United Kingdom)

200:1

500:1

Retail Max. Leverage (Europe)

Major Pairs 30:1
Minor Pairs 20:1

Pro. Max. Leverage (Europe)

200:1

500:1

Retail Max. Leverage (UAE)

Major Pairs 30:1
Minor Pairs 20:1

Pro. Max. Leverage (UAE)

500:1

Pro. Max. Leverage (South Africa)

200:1

Retail Max. Leverage (With offshore regulators)

200:1

500:1

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations

Trading Platforms + Tools

MetaTrader 4 (MT4)

MetaTrader 5 (MT5)

cTrader

TradingView

Proprietary Platform

Automated Trading

Social + Copy Trading

Standard Stop Loss

Guaranteed Stop Loss

Demo Account

Unique Feature

Overall

Our Rating

7.46

9.33

8.50

Review Of FxPro

Review Of Pepperstone

Review Of IC Markets

Visit Site

FxPro Is The Recommend UK cTrader Broker

FxPro is Compare Forex Brokers top-rated UK forex broker offering Spotware’s cTrader CFD trading platform for the following reasons:

1) Non-Dealing Desk Intervention Model For Best Prices
– Hybrid Dealing Model Tight Spreads

2) Fast Execution Speed With cTrader
– Avg execution time < 11.6ms
– 82% of Trades have no slippage, 9% positive slippage
– No requotes 99.32% of the time, Positive requotes 0.32%

3) Advanced Technical Analysis Tool
– Trading Central integrated with cTrader

FxPro Uses A Non-Dealing Desk Intervention Model For Best Prices

FxPro is a ‘No Dealing Desk’ broker (NDD) which means traders will get the following benefits when trading:

Interbank rates direct from liquidity pools
No middleman intervention
No delays in order execution
Access to various ECN and STP liquidity providers
Tighter bid and ask spreads

FxPro’s price engine execute clients’ orders with No Dealing Desk intervention using its unique hybrid execution model. With the FxPro no dealing desk intervention model, forex prices are sourced from a deep pool of tier-1 banks to bring you a volume-weighted average price (VWAP) which means the market order price will be the average and the best available price at the time. FxPro will then either internally match the liquidity price or hedge externally with liquidity providers using STP. This execution means all client orders are filled without any human intervention.

FxPro Has Fast Execution Speed And Low Slippage With cTrader

All trade orders are executed at FxPro’s Equinix Datacenters – LD5 in London and AM4 in Amsterdam, which are both co-located and cross fibre connected with tier 1 liquidity providers. By placing trading servers at the same Equinix data centres used by its liquidity providers, FxPro is able to complete most orders in under 11.06 milliseconds (ms).

Fast trading execution is critical for reducing the opportunity for slippage, which means traders have a better chance of opening and closing with the quoted price and avoiding partial orders.

Most of the trade orders submitted through the platform are filled in less than 11.06 ms
Client orders are filled at an average order execution speed of 37 ms
99.32% of all trade orders received no requotes
9% of all trade orders received positive slippage

Among the many awards the broker has received over the years, we should mention the ones related to its execution engine:

Best FX Execution Global in 2016 and 2017 by CFI.Co Awards
Best Execution Broker Global in 2017 by Global Brands Magazine
Best FX Provider in 2018 by Online Personal Wealth Awards

Advanced Technical Analysis With Trading Central That Is Integrated With cTrader

FxPro has a partnership with the award-winning Trading Central which allows you to automate technical and fundamental analysis directly through the cTrader forex trading platform.

Trading Central is one of the premier providers of analysis charts, pattern recognition software of analysis views, and daily industry news on Web TV. These features help you identify real-time profitable trading opportunities.

FxPro is authorized to operate in a number of jurisdictions:

United Kingdom – FxPro UK Limited, which falls under the regulation of the Financial Conduct Authority (FCA)
European Union – FxPro Financial Services Limited, which is regulated by Cyprus-based CySEC
South Africa – FxPro Financial Services Limited, which is regulated by the Financial Sector Conduct Authority (FSCA)
Dubai – FxPro Global Markets MENA Limited, which is regulated by the Dubai Financial Services Authority (DFSA)
FxPro Global Markets Limited is regulated by the Securities Commission of the Bahamas (SCB)

Final Words – Best NDD Forex Brokers

Overall, FxPro is the best NDD forex broker that allows traders direct market access. The cTrader trading platform enables traders worldwide to trade in a transparent ECN environment. With forex clients from over 170 countries, FxPro will hold your money in segregated accounts with tier-one banks. Give FxPro a try by clicking the button below.

View FxPro Review >>Visit FxPro >>

*Your capital is at risk ‘84.72% of retail CFD accounts lose money’

Our Rating

The overall rating is based on review by our experts

6.83

Spreads

8 / 10

Leverage

7 / 10

Trading Platform

9 / 10

Risk Management

4 / 10

Range of Markets

7 / 10

Customer Service

6 / 10

Pepperstone Is The Recommend Australian cTrader Broker

Compare Forex Brokers consider Pepperstone to offer the best trading experience overall when using the cTrader trading platform for the following reasons:

1) Low Trading Costs
– Tight spreads and commissions of 0.0035% of the base currency (i.e. if you are trading the EUR/USD, you will pay €3.50 per side for every 100,000 traded).

2) Pepperstone Execution Speed
– no.1 for market order / 2nd for limit order speed

3) Multi-Regulated Broker
– Tier 1 regulations in The UK, Asia, Australia, Africa

Pepperstone Has Low Trading Costs

Low trading costs are critical for profitable trading, as they can add up a surprising amount with regular trading such as scalping and when high-volume trading. One of the key trading costs to look for is low or tight spreads. Pepperstone has a Razor (cTrader) account which uses STP trading execution to bring you ECN pricing.

A comparison of brokers offering STP trading that publish their average spreads on their website found Pepperstone offers some of the lowest spreads for multiple major currency pairs. While some brokers offer better spreads for particular currency pairs, if you are looking to trade multiple currency pairs, Pepperstone is a solid option.


0.17	0.24	0.40	0.43	0.47
1.00	1.20	1.40	1.90	1.40
0.20	0.60	0.50	0.50	2.00
0.10	0.50	0.60	0.70	0.70
0.21	0.62	0.54	0.90	0.95
0.28	0.51	0.70	0.73	0.75
0.30	0.60	0.40	0.60	0.80

Data taken from broker website. Accurate as at 01/08/2022

Pepperstone not only offers some of the best spreads among forex brokers that offer cTrader, but they also offer some of the best ECN pricing among all brokers starting from 0.0 pips.


0.24	0.43	0.26	0.47	0.17
0.30	0.50	0.30	0.40	0.20
0.20	n/a	0.20	0.30	0.20
0.42	0.30	0.20	0.83	0.44
0.30	0.68	0.24	N/A	0.17
0.40	0.70	0.30	0.70	0.20
0.50	0.80	0.30	1.10	0.10
0.50	0.40	n/a	0.30	n/a
1.13	0.89	0.62	1.18	0.35

Data taken from broker website. Accurate as at 01/08/2022

Compare MT4 Brokers >>

Another important trading cost is commission, commission costs with cTrader work differently to MetaTrader 4 and MetaTrader 5 account trading accounts. Pepperstone commission cost with their cTrader account is based on 0.0035% of the base currency that is being traded. So if you open your position with 100,000 EUR/USD or AUD/NZD then the commission of the trading cost will be €3.50 EUR or $3.50 AUD and an additional €3.50 EUR or $3.50 AUD when you close your position.

Pepperstone cTrader Platform with ECN Execution Speed

The foreign exchange market is moving up fairly quickly, and it requires very fast buying and selling. Due to the fast-paced electronic markets, day traders and scalpers need to have access to fast order execution and Pepperstone provides the best trading infrastructure to achieve this.

By placing servers at Equinix data centres in London and New York where some of the biggest liquidity providers are located, Pepperstone is able to guarantee ultra-fast execution speeds for both market orders and limit orders. Pepperstone advertises forex trading with:

30 milliseconds speed (Pepperstone UK)
60 milliseconds speed (Pepperstone Australia)

Speed testing in 2022 using MetaTrader demo accounts with other brokers that have similar STP and ECN trading execution found Pepperstone had a market execution speed of 85ms which put them among the best speeds for brokers tested. Fast execution is important for reducing slippage, reducing rejections, and completing fills.

In a similar vein, testing of limit order execution speed found Pepperstone is able to boast speeds of 100ms. Pepperstone’s market order execution speed is slightly faster than the limit order execution speed.

Pepperstone cTrader Trading Platform Advantages

Pepperstone offers global tier-1 regulation with award-winning customer service.

Pepperstone is a well-respected Australian Forex broker that aims for the highest trading standard for its clients and backs this up with Tier-1 regulators. Common practices these regulators apply include keeping your funds in segregated accounts with a ‘tier-1’ bank, protocols to protect your personal details, and product disclosure statements so clients know what their expectations should be when using brokers products.

Pepperstone has the following regulation:

Australian Securities and Investments Commission (ASIC) – Australia
Financial Conduct Authority (FCA) – The UK
Dubai Financial Services Authority (DFSA) – United Arab Emirates
Securities Commission Of The Bahamas – the Bahamas
Cyprus Securities Exchange – Cyprus / Europe mainland
BaFin Federal Financial Supervisory Authority – Germany / Austria
Capital Markets Authority (CMA) – Kenya

When trading with Pepperstone there is a minimum deposit requirement of USD $200 however this is not always enforced. Pepperstone offers a wide range of funding methods however these methods will vary by region.

The Pepperstone customer support team has strong knowledge about the cTrader. They can be contacted 24/5 via live chat, phone, and email to answer any trading related questions. Customer support features are extensive and include dedicated account managers for high-volume traders, an online education library to learn all things about trading and webinars so you can interact with others when learning. All these features are why Pepperstone is one of the most awarded brokers for customer services. Awards Pepperstone have won include:

- - Best Client Relationship Manager Service -(Professional Traders Award)
  - Best Forex Trading Support (Global Forex Awards – Europe)
  - Best Currency Trading Support (UK Forex Awards)
  - #1 for Customer Service (Australia Investment Trends)

Final Words – Best cTrader Forex Brokers

Overall, among all the forex brokers reviewed that offer the cTrader platform, the Australian-based broker Pepperstone is our first choice. Forex traders that want to open a cTrader account only need a minimum deposit of USD/GBP 200 or equivalent. Start your journey in the foreign exchange market by clicking the button below.

View Pepperstone Review >>Visit Pepperstone >>

IC Markets Is The Best Low Fee cTrader European Broker

Compare Forex Brokers consider Pepperstone to offer the best trading experience overall when using the cTrader trading platform for the following reasons:

1) The Tightest Spreads And Largest Currency Pair Range
– 56% Of Currency Pairs Have Lowest Spreads
– Choice of 65 Currency Pairs

2) Low Commission Rates And No Hidden Fees
– $3 USD (Converted To Base Currency) per 100,000 USD traded
– No Hidden Fees
– No Deposit And Withdrawal Fees

3) Fast Trading Execution
– Fast Execution For Best Trading

4) Copy Trading
– cAlgo For cTrader
– cTrader Copy

IC Offers The Tightest Spreads On Major Forex Pairs

The IC Markets cTrader Raw Spread accounts have a 0.0 pip spread for the EURUSD 62% of the time. Of the Brokers offering cTrader, IC Markets offer the lowest published average spread for EURUSD along with other popular pairs such as EUR/GBP, GBP/USD and USD/SGD.

IC Markets Offers 65 major, minor and exotic currency pairs, traded with leverage of up to 1:500 via its FSA (offshore) regulated branch, or 30:1 via the brokers CySEC (Europe) and ASIC (Australia) operations. The broker’s Raw Spread trading account allows for ultra-low spreads, starting from 0.0 pips on EUR/USD. T


0.02	0.23	0.27	0.85	0.17
0.17	0.59	0.40	1.38	0.24
1.00	1.20	1.40	N/A	1.20
0.20	0.50	0.50	1.00	0.60
0.10	0.70	0.60	n/a	0.50
0.21	0.44	0.54	19.84	0.62
0.28	0.71	0.70	1.35	0.51
0.30	0.60	0.40	0.77	0.60

Data taken from broker website. Accurate as at 01/08/2022

IC Market not only offers some of the best spreads when it comes to cTraders, but they also offer some of the best for all brokers.


0.02	0.23	0.27	0.85	0.17
0.17	0.59	0.40	1.38	0.24
1.00	1.20	1.40	N/A	1.20
0.20	0.50	0.50	1.00	0.60
0.10	0.70	0.60	n/a	0.50
0.21	0.44	0.54	19.84	0.62
0.28	0.71	0.70	1.35	0.51
0.30	0.60	0.40	0.77	0.60

Data taken from broker website. Accurate as at 01/08/2022

Compare All Spreads >>

2) Low Commission Rates And No Hidden Fees

IC Markets commission when using cTrader is $3.00 USD per 100,000 units per side. This spot price will be applied when converting the $3.00 USD to the base currency being traded. For example, if you trade AUD/USD then $3.00 need to be converted to $AUD.

Other Trading Fees

IC Markets has no fees from their end when making deposits or withdrawals from your account. Funding methods include Credit Cards, Debit Cards, PayPal, Skrill, BPAY FasaPay. The only fee that will be charged is a $20 fee for international transfer however all brokers will charge this as its fee charged by the banks. When making a deposit there is a minimum of $200 USD.

IC Markets also have no hidden fees. For example, many brokers charge monthly, semi-yearly and annual fees for inactive accounts. IC Markets have no inactivity fees.

IC Markets’ cTrader Platform Low Latency and Fast Order Execution

What IC Markets, one of the best cTrader brokers globally, offers is a Forex trading solution that combines high-speed performance and deep liquidity. The average order execution speed as measured from IC Market’s servers to the client cTrader terminal is under 40 milliseconds.

Its cTrader platform grants access to the full depth of the market, which means all executable prices derived directly from the brokerage’s liquidity providers, are visualized. Forex traders will be able to observe the available volumes for every price level at any time, no matter which currency pairs they have selected. IC Markets have a mobile app that is available for IOS and Android devices so you can check the forex markets at any point in time.

IC Markets has its cTrader server located in the LD5 IBX Equinix Data Centre (London) and, thus, it is able to offer clients an exceptionally fast order execution. The IC Markets servers have the following advantages:

Less than 1ms latency to VPS providers
Trading servers are collocated in the LD5 IBX data centre, or through dedicated lines to other data centres

Note: IC Markets cTrader platform is quite appropriate for high-frequency trading as well as for scalping.

IC Markets Range of Markets Offered

Among the best cTrader brokers we reviewed, IC Markets allow access to the widest range of tradable markets through its trading platforms, including MetaTrader 4 and MetaTrader 5. Clients can choose from 7 tradable asset classes:

CFDs on 120 Shares
CFDs on 19 Commodities, Indices
CFDs on Cryptocurrencies – 10 digital coins, traded with variable spreads starting from 5.0 points on Bitcoin and 4.0 points on Ethereum.
CFDs on 9 Bonds / Treasuries
13 Futures – 5 Energies, 8 Soft Commodities

IC Markets Offers cAlgo and cTrader Copy

IC Markets offers (like all cTrader brokers) offer cAlgo (now called cTrader Automate) which is software used to give cTrader automation capabilities. If you are looking to develop your own algorithmic trading and technical indicator, using c# cAlgo will allow you to do this. cAlgo also allows you to backtest your strategies.

Unlike most brokers, IC Markets also offers cTrader Copy (formerly called cMirror). The other brokers that offer cTrader Copy include Fondex and OMF. As the name implies, cTrader Copy is a copy trading software that allows traders and investors to copy the strategies of other traders from anyone using the cTrader platform.

Final Words – Best cTrader Forex Brokers

With over 15 billion worth of FX transactions processed on a daily basis, IC Markets claims the first spot for the best forex broker. Forex traders can choose between 3 different trading accounts with a minimum deposit of USD 200, but only the cTrader account is designed to offer the Spotware cTrader platform. Sign up for free by clicking the button below.

View IC Markets Review >>Visit IC Markets >>

Robo Forex Is A Negative Balance Protection cTrader Broker

Compare Forex Brokers consider Pepperstone to offer the best trading experience overall when using the cTrader trading platform for the following reasons:

1) Use cTrader With Standard Account
– Only Broker With No Commission (spread-only) Account For cTrader
– Lowest minimum deposit
– Highest available leverage with cTrader (1:2000)

2) cTrader ECN has Lowest Commissions
– cTrader Commissions from 20 / Mio (0.2 per USD million)

3) Risk Management Tools
– Negative Balance Protection

RoboForex Has A No Commission cTrader Account

Most brokers that offer cTrader only offer ECN style accounts with a commission based on how much you trade. Robo Forex is one of only two brokers that offer a spread only (commission-free) cTrader account.

This account is called the Pro-Standard Account. With this account, Robo Forex clients can choose from 8 asset classes including 36 currency pairs and CFDs on the US stock market, equity indices, metals, oil and 26 cryptocurrency pairs.

Spreads for Robo Forex

The Compare Forex Brokers Team is only are of only one other broker that offers a spread only account with cTrader. This broker is Axiory who offers a choice of two standard account types. This is the Standard account and the Max account. The difference between the two accounts is that Spreads are wider for the Max account.

The Robo Forex Pro-Standard account has two main advantages of the Axiory accounts. These are leverage can go up to 1:2000 and have a minimum deposit of only USD 10 / EUR 10, which is less than USD 100 required by Axiory.


1.40	2.00	1.60	n/a	2.10
0.21	0.44	0.54	19.84	0.62
1.20	1.50	1.50	n/a	1.80
1.90	2.20	2.10	n/a	2.50

Data taken from broker website. Accurate as at 01/08/2022

Robot Forex ECN Account Offers The Best Commissions

Robo Forex also offers a commission-based cTrader account. This is known as the ECN account. This account uses STP and ECN trading execution so has tighter spreads than standard style accounts. Commission for this account is USD 20 for each USD million traded each way. This is equal to $2 for each $100,000 traded. The minimum deposit is USD 10 / EUR 10.

Risk Management Tools

Among the cTrader forex brokers we reviewed, RoboForex was handpicked for providing negative balance protection. All forex brokers and CFD brokers that operate under the ESMA trading rules are required to offer Negative Balance Protection (NBP). Trading high-risk leveraged products can result in disproportionate losses which can exceed the initial funds deposited. RoboForex negative balance protection limits the losses to the account balance and is offered to all clients regardless of where in the world you are located. Other brokers such as cTrader brokers such as Pepperstone, IC Markets and FxPro only offer guaranteed negative balance protection to clients in the UK and Europe is required by CySEC and FCA regulation.

RoboForex Ltd is authorized and regulated by the Belize-based International Financial Services Commission (IFSC). The company is an “A” category member of The Financial Commission, an independent self-regulatory organization and external dispute resolution body, and also participates in the Commission’s Compensation Fund.

Negative Balance Protection Policy

RoboForex is among the Forex brokers, which have a negative balance protection policy in place. Since CFD and Forex trading is associated with a high risk of capital losses due to leverage, having such a risk management feature at their disposal enables traders to focus solely on their market analysis and strategies.

In certain market conditions (high volatility, for example) it is possible a trader’s account balance to suddenly turn negative. In such a case, RoboForex will automatically compensate him/her and bring their account balance back to zero. In other words, with a negative balance protection policy in place, the trader’s total risk is limited to the amount he/she deposits into his/her trading account with the broker.

To avoid a negative balance, it is highly recommended that clients be very attentive to their position size, their number of active positions and the number of orders placed through their account. Additionally, using Stop Loss orders reasonably is another way for clients to protect their capital.

Civil Liability Insurance Program

RoboForex has ensured an additional layer of safety for its clients by implementing a Civil Liability insurance program for a limit of EUR 5,000,000. RoboForex provides:

“market-leading coverage against omissions, fraud, errors, negligence, and other risks that may lead to financial losses of clients.”

Final Words – cTrader Forex Brokers with Negative Balance Protection

Overall, RoboForex offers 0% commission for deposits and withdrawals on 5 different account types that are safeguarded with negative balance protection. Forex traders can enjoy professional trading conditions with a minimum deposit of USD 10 and leverage up to 2000:1.

Fibo Group

Good Savings Through Low Commissions

FiboGroup tops the rank for the best cTrader forex brokers with low commissions. All forex transactions come with a type of fee. Forex brokers will normally charge traders for using their services, one or a combination of these 3 types of fees:

Fixed spreads
Variable spreads
And commissions

Commission charges vary from broker to broker, and based on our review, FiboGroup zero commission trading can save you on the transaction costs.

Financial Intermarket Brokerage Online Group (Fibo Group) was founded in 1998 and still has its headquarters located in the British Virgin Islands. With offices in Vienna, Limassol, Shanghai, Singapore, Munich, Kyiv and Astana to support the broker’s global operations, Fibo Group offers:

Over 42 currency pairs
Over 20 CFDs
2 spot metals
9 cryptocurrency pairs
Leverage of 1:1000
On a range of trading platforms (MT4, MT5, cTrader, WebTerminal MT4 and WebTerminal MT5)

FIBO Group Ltd is licensed and regulated by the British Virgin Islands Financial Services Commission (FSC).

At the same time, to bolster its offering, become compliant with stricter regulatory standards and gain access to EU clientele, the company established another entity in the Republic of Cyprus, FIBO Group Holdings Ltd, which is authorized and regulated by the CySEC.

Among the regulated cTrader brokers our team reviewed, Fibo Group offers the most competitive commissions on its no dealing desk (NDD) trading accounts.

FIBO Group Trading Account Types

FiboGroup is a provider of Spotware cTrader platform that offers 6 main account types:

cTrader NDD – the best solution for intraday trading strategies. This account type offers deep liquidity from the world’s top-tier banks coupled with the advanced analytical capabilities and interfaces for Expert Advisor development that the cTrader platform has. Clients can trade with low floating spreads that start from 0.0 pips, with a maximum leverage of 1:400 (for Forex) and 1:100 (for Metals, while depositing as little as $50. Fibo Group will charge a commission equal to 0.003% of the amount of every transaction, while supported account currencies include USD and EUR.

Final Words – cTrader Brokers with Low Commission

FIBOGroup offers 3 trading accounts with zero commission trading and 3 trading accounts with low commissions. The wide range of account types ensures that all forex traders will find something to fit their needs.

Trader’s Way Is The Top Low Minimum Deposit cTrader Broker

TradersWay offers accounts that can be opened with no minimum initial deposit or with as little as USD 10 for the ECN accounts. Forex brokers with low minimum deposit are suitable for novice traders who want to get their feet wet in the global foreign exchange market.

Established in 2011 and based in Dominica, TradersWay is an STP Forex broker offering online trading services for both beginners and experienced traders. This offshore brokerage is not regulated because in Dominica there are no regulatory agencies that rule over the financial sector.

Note: Trader’s Way is not regulated by any reputable Forex regulatory body across the globe!

Among the leading cTrader brokers we reviewed, TradersWay requires the lowest minimum deposit to open a live account.

TradersWay Types of Accounts Offered

The brokerage offers a plethora of account types that suit any skill level or risk preference:

ECN.cTrader – allows direct access to the interbank market on the cTrader platform, while clients are provided with Level ll depth of market or the entire range of executable prices derived from liquidity providers. Spreads are kept low, starting from 0.0 pips. The minimum deposit is $10, while the maximum leverage is 1:500. The broker will charge a small commission for Forex and Metals trading – $3.0 for a turnover of $100,000. Deposits can be made in USD only. The broker’s cTrader offers enhanced charting, one-click functionality and access to a special proprietary algorithmic platform – cAlgo.

Final Words – Best Forex Brokers with Low Minimum Deposits

Forex traders can keep their transaction costs down if they opt for a trading account with Trader’s Way. Trader’s Way offer commission-free trading on ECN environment and tight variable spreads. Buying and selling forex currency pairs with no commission can save you money in the long run.

View Trader’s Way >>Visit Trader’s Way >>

Summary Of The cTrader Platform

cTrader is the second most popular forex trading platform used by a large number of forex brokers based on key benefits, including:

Fast Execution Speeds
Superior ECN forex broker pricing
Charting sophistication
Algorithmic trading capacity

Fast Entry and Execution

Most of the time, timing is everything. The success of your trade will depend on how fast you can fill your order, and with cTrader, orders are filled in just milliseconds.

cTrader also supports simultaneous order processing – so if you’re entering several trades at once, there’s no order queue. Simple, smart, fast.

QuickTrade

One-click and double click trading are available from the top of every chart. Together with cTrader’s lightning-fast execution speeds, this gives you the fastest possible market entry option.

Trading Pricing

cTrader’s depth of market shows the full range of executable prices coming directly from liquidity providers.

Orders are filled against the full order book using Volume Weighted Average Price (VWAP).

Technical Analysis

cTrader gives you all the tools you’ll need for effective technical analysis, including common trend indicators, oscillators, volatility measures and line drawings, all accessible from directly within the chart.

Objects and indicators are easy to plot, modify and move, and our studies automatically adjust to your chart’s timeframe and zoom level.

Order Types

cTrader offers a full range of orders to maximise your trading options.

Market orders, limit orders, stop orders and other rare order types such as market-range orders are available to help you make smarter trading choices.

Charting

cTrader charting is packed with features to suit the needs of any and all traders. Get the view of the market you need, when you need it with our different presentation modes, layouts and customizable templates.

Don’t miss your entry – identify trade opportunities with cTrader’s extensive indicator library. You can even build your own custom indicators in C#, download other custom indicators, and combine indicators together by using one to reference another.

Chart Trading

With cTrader, your charts are also your best trading tool.

Using simple click-and-drag functionality, you can open and close orders, as well as modify stop losses, take profits and limit order entries. You can also see your profit and loss for each trade in pips and base currency from within the charts.

Chart views

cTrader charts feature 26-time frames, including 2 Minute, 4 Minute and 12 Hour charts, to suit different trading strategies and help traders develop a market price projection.

You can also view charts on 6 different zoom levels for an in-depth or bird’s-eye view of currency price action.

ChartShots

ChartShots is a great way to share ideas, trading examples, and technical analysis strategies with other traders.

Set up your chart and click once with the ChartShots tool to open the image in a unique URL with multiple sharing options available. You can embed the chart directly into your web page or blog, or post it straight to your Facebook, Twitter or any of 300+ social networking sites.

cAlgo Integration

Normally operating as two independent platforms, cTrader and our algorithmic trading platform, cAlgo, work effortlessly together to provide a seamless trading experience between manual and automated trading.

The platforms share chart templates and accounts (the same account can log in to both), and one is always easily accessible from the other.

Proxy Connection

Our Proxy connection settings allow for easy connectivity from any location, bypassing corporate or public firewalls which can often disrupt the connection to trading platform servers and other services.

Custom Indicators

Traders using our algorithmic trading platform cAlgo can create their own custom indicators for use in manual or automated trading. Developers can specify any parameters and visual styles for the indicators.

cTrader cAlgo

Developed in C#, the cAlgo allows trading with robots that can be traded or developed. cTrader allows full back-testing so algorithms can be simulated based on past market movements. The cTrader website also offers bots to download. Traders can view how many have been downloaded and test them on the market. Indicators can also be downloaded from the cTrader website to help chart and spot trends. This is the ideal forex trading platform tool.