With Level ii Pricing the cTrader platform is offered by the leading ecn forex brokers due to the full range of executable prices, wide range of markets, fast entry and execution and features such as stop loss orders available on the cTrader web, mobile app and desktop version.
The platform is offered by several forex brokers such as Pepperstone and IC Markets with servers routing through the UK. Learn more about this platform below.
We review the best brokers that offer the cTrader Platform
Our team of experts at Compare Forex Brokers aims to connect forex traders to the best cTrader brokers. All forex brokers offering the cTrader platform were meticulously evaluated based on several factors, including:
Based on our star scoring system, Pepperstone offers a full suite of services to satisfy the needs of both beginners and professional traders that prefers trading with the cTrader platform. Pepperstone is a global forex broker that ranks best for its low spreads from 0.0 pips, 30ms execution speed, ECN execution model and 150 forex pairs and CFDs.
Regulatory status is one of the most important factors when choosing forex brokers. Pepperstone is an FCA and ASIC-regulated forex broker that strictly abide by the rules and most stringent standards in the forex industry.
Note* The Pepperstone’s cTrader trading platform is accessible on multiple devices, including desktop, mobile, tablet and through your favourite web-browser.
Below, our team of experts will conduct an in-depth review of all aspects and trading features that forex traders can take advantage through Pepperstone cTrader platform.
As one of the featured cTrader brokers, Pepperstone has partnered with tier-one liquidity providers to ensure forex traders receive low interbank spreads. Pepperstone’s pricing model includes tight spreads, low swap rates, commissions and overnight charges. The cTrader trading platform is powered with forex quotes derived from multiple sources, which enables Pepperstone to offer the following average forex spreads (Razor account):
Note* The spreads were calculated using price data from July – September 2019.
For a side-by-side comparison of all cTrader brokers offering low spreads please review the table below. IC Markets followed by FP Markets are the second and third best cTrader forex brokers while Dukascopy offers the worst trading conditions.
Pepperstone MT4 Spread Comparison | |||||
|---|---|---|---|---|---|
 | 0.18 | 0.27 | 0.13 | 0.24 | 0.13 |
 | 0.20 | 0.30 | 0.20 | 0.50 | 0.10 |
 | 0.30 | 0.44 | 0.36 | 0.58 | 0.05 |
 | 0.20 | 0.50 | 0.20 | 0.30 | 0.20 |
 | 0.42 | 0.30 | 0.20 | 0.83 | 0.44 |
 | 0.29 | 0.68 | 0.24 | N/A | 0.16 |
 | 0.40 | 0.70 | 0.30 | 0.70 | 0.20 |
 | 0.50 | 0.80 | 0.40 | 1.10 | 0.10 |
 | 0.70 | 0.80 | 0.50 | 0.80 | 0.40 |
 | 0.99 | 0.77 | 0.45 | 1.21 | 0.44 |
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. The services provided by Spotware systems through the cTrader trading platform allow high-speed trading.
Among the cTrader forex brokers we reviewed, Pepperstone guarantees ultra-fast execution speeds for both market orders and limit orders. Pepperstone advertises forex trading with:
Note* Pepperstone is able to offer fast order speeds due to its no dealing desk (ECN + STP) execution model on forex trading.
Our team of experts has conducted a testing simulation among all forex brokers that offer the cTrader platform. For this testing, we used the Spotware cTrader demo account using both market orders and limit orders.
Our proprietary cAlgo was used to collect connection performance data by measuring the latency from the Pepperstone’s servers to our local desktop machine. For market order execution speed, among the cTrader forex broker tested, Pepperstone ranks in the first place with 85 milliseconds. FP Markets and FxPro are the second and the third-fastest cTrader brokers with 95 milliseconds respectively 110 milliseconds.
For limit order execution speed, Pepperstone is able to boost 100 milliseconds speed. Pepperstone’s market order execution speed is slightly faster than the limit order execution speed. Among the forex brokers we assessed, FP Markets has the fastest cTrader speed for limit orders (80 milliseconds).
Pepperstone clients can trade on the forex market through the cTrader platform and enjoy the following advantages:
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 GBP 200 or equivalent. Start your journey in the foreign exchange market by clicking the button below.
Open a demo account >>Visit Pepperstone >>
Out of all cTrader brokers we reviewed, IC Markets is an industry-leading forex broker that offers the largest number of currency pairs and trading indices. At IC Markets, traders can access:
IC Markets is the trading name of International Capital Markets Pty Ltd, an entity with an FSP license obtained from the Australian Securities and Investments Commission (ASIC).
Alongside its operations in Australia, the broker provides online Forex trading services in Europe. IC Markets (EU) Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC).
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 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:
Note* IC Markets cTrader platform is quite appropriate for high-frequency trading as well as for scalping.
Last but not least, the broker’s cTrader software allows clients to trade Forex with ultra-tight spreads. For example, the minimum spread on major Forex pairs such as EUR/USD can be 0.0 pips during the European and the North American trading sessions, with the average spread being 0.1 pips.
Additionally, IC Markets will charge reasonable commissions for trading Forex on its cTrader trading platform – $3.00 per side for every 1 Standard lot traded.
Along with a Desktop version of cTrader, the broker offers a web-based application (cTrader Web), compatible with any browser, as well as mobile apps for iOS and Android devices.
Traders can also take advantage of cTrader Algo (cAlgo), automated trading software that allows for the development of algorithmic trading systems and customized technical indicators by using the source code editor and the C# language.
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:
Additionally, IC Markets also offer two futures indices contracts, traded with no commissions and leverage of up to 1:200:
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.
FxPro was selected as the best no dealing desk forex broker offering the Spotware cTrader platform. A No Dealing Desk broker (NDD) allows forex traders to trade:
FxPro is a globally recognized, multi-regulated Forex broker with more than 70 international awards. FxPro is also one of the leading cTrader Forex brokers, with its trading platform being one of the most competitive on the market. Alongside cTrader, the brokerage offers CFDs traded on its MetaTrader 4 and MetaTrader 5 platforms.
FxPro is authorized to operate in a number of jurisdictions:
Additionally, FxPro Global Markets Limited is regulated by the Securities Commission of the Bahamas (SCB).
FxPro’s price engine execute clients’ orders with No Dealing Desk intervention. All client orders are filled without any human intervention and traders are given direct market access (DMA). 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.
Our review of FxPro’s cTrader platform has found that:
Among the many awards the broker has received over the years, we should mention the ones related to its execution engine:
With FxPro’s cTrader platform, clients can access the best available bid and ask prices. Thanks to the platform’s Smart Order Routing, they will receive the best available price in 100% of the cases. In addition, their orders will be executed automatically in 99.9% of the cases.
Market data is visualized in three convenient ways:
All available liquidity is automatically aggregated by the platform at the best possible prices, while client orders are filled at VWAP. Forex traders can also take advantage of ultra-tight spreads starting from 0.0 pips, no restrictions on limit orders and no maximum limit on the size of orders.
FxPro’s cTrader is available as a Desktop version for Windows, along with a web-based application (cTrader Web) for Windows or MAC and a mobile app for iOS and Android devices.
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.
Based on our star scoring system, OctaFX is among the best cTrader brokers offering swap-free accounts designed for Muslim traders. Under the Sharia law, forex traders of Islamic belief are forbidden to charge or get paid interest rate.
In forex trading, the FX swap rate, also known as the rollover rate is an interest fee debited or credited to your trading account. The interest is only paid or charged for forex transactions that are held overnight. A forex swap will be debited on your long positions, while on short positions a swap rate will be credited to your account.
Note* A swap-free account, also known as the Islamic account, don’t pay or earn interest on forex trading.
Established in 2011, OctaFX is a global Forex ECN trading and CFD provider, which grants access to a range of markets via its cTrader, MetaTrader 4 and MetaTrader 5 platforms as well as its proprietary OctaFX Trading App.
The OctaFX.eu website is operated by Octa Markets Cyprus Ltd, an entity authorized and regulated by the CySEC, while the OctaFX.com website is registered in St. Vincent and the Grenadines.
OctaFX serves both beginner traders and clients with vast trading experience, as it offers 3 main account types:
Note* The swap-free option is available on the Pro account and the ECN account, while on the Micro account, traders can choose between swap fee and swap-free commission. OctaFX swap-free accounts come with an additional fixed commission that is calculated as follow:
Commission = pip price * swap value of the currency pair
The Micro Account features floating spreads of as low as 0.4 pips, with markup, as well as fixed spreads of as low as 2.0 pips. The fixed spread option is offered only for accounts with USD as base account currency and only for a selection of trading instruments – EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD, USD/CHF, USD/CAD, EUR/JPY, EUR/GBP, GBP/JPY, XAU/USD, XAG/USD.
Note* OctaFX clients can trade with no commissions by using maximum leverage of 1:500 on currency pairs, 1:2 on Cryptocurrencies, 1:50 on Indices and 1:200 on Metals.
The Pro Account features floating spreads of as low as 0.2 pips, with markup. Clients can trade with no commissions by using maximum leverage of 1:200 on Forex pairs, 1:2 on Cryptocurrencies, 1:50 on Indices and 1:100 on Metals and Energies.
The cTrader ECN Account allows for commission-based trading with floating spreads of as low as 0.0 pips, with no markup. Clients can trade currency pairs with a maximum leverage of 1:500 and Metals with a maximum leverage of 1:200.
Other key specifications of the three account types are presented in the table below.
Prior to opening a live account, clients can do some practice on OctaFX’s risk-free Demo Account by trading in real market conditions with virtual funds. This way they can get accustomed to the broker’s trading platform and test various trading strategies with a peace of mind.
OctaFX has been awarded as the Best Islamic Account Forex Broker in 2015. Designed specifically for Muslim clients, the Islamic Account is associated with no swap/interest in active positions held overnight. Instead of a swap, there is a fixed fee applied, which depends on the direction of a trader’s position.
For example, when trading 1 Standard Lot in EUR/USD on the MT4 Micro Account with USD as a base account currency, OctaFX clients will pay a fixed fee of USD 1.9 for a short position, or a fixed fee of USD 2.1 for a long position.
When trading 1 Standard Lot in EUR/USD on the cTrader ECN Account with the US dollar as a base account currency, clients will pay a weekly rollover fee of USD 20.
OctaFX offers a revolutionary social trading service through cTrader copy trading. OctaFX Copytrading is designed to offer:
Note* Forex social trading allows copy trading from a Master account to more Follower accounts. Additionally, you can learn trading strategies from more experienced traders. OctaFX main competitors in the social trading arena are eToro and ZuluTrade.
OctaFX is among the Forex brokers that allow clients to follow and copy the trading performance of top traders by accessing its copy trading feature.
Once they have funded their trading account with the broker, clients can filter through different leading traders by using parameters such as expertise rank, achieved gain, number of copiers or commission. A simple click on a top trader’s icon will reveal additional information about his/her trading activity and account specifications.
Based on our methodology of ranking forex brokers, OctaFX offers the best Islamic Forex accounts with no swaps. Even if you’re not a trader of Muslim faith you can choose to trade on 3 different swap-free accounts. OctaFX will grant you a withdrawable deposit bonus that will boost your account up to 50%.
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.
Note* Other regulated cTrader brokers that offer negative balance protection includes Pepperstone, IC Markets and FxPro.
Established in 2009, RoboForex is an international Forex broker, which offers more than 12,000 trading instruments in 8 asset classes, while serving more than 800,000 clients in 169 countries. The brokerage grants access to the Forex market through 6 trading platforms and offer 20 options for deposits and withdrawals and 5 account currencies:
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.
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 number of orders placed through their account. Additionally, using Stop Loss orders reasonably is another way for clients to protect their capital.
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.”
Designed for experienced traders, RoboForex’s cTrader provides STP-access to the Forex market, order execution speed and unconventional trading tools.
The key cTrader features include:
Overall, RoboForex offers 0% commission for deposits and withdrawals on 5 different account types that 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 (exclusive to the Pro-Standard account).
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:
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:
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.
FiboGroup is a provider of Spotware cTrader platform that offers 6 main account types:
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 its needs.
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.
The brokerage offers a plethora of account types that suit any skill level or risk preference:
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.
cTrader is the second most popular forex trading platform used by a large number of forex brokers based on key benefits including:
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.
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
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).
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.
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.
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.
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.
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 birds-eye view of currency price action.
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.
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.
Our Proxy connection settings allow for easy connectivity from any location, bypassing corporate or public firewalls which can often disrupt connection to trading platform servers and other services.
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.
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 charting and to spot trends. This is the ideal forex trading platform tool.
cTrader is currently available in 14 different languages.
Supported languages include:
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