| Updated: October 4, 2024Supported trading software is one of the key factors that help traders choose a forex broker. Among proprietary platforms and standard options like MT4 and MT5, quite a few brokers are also featuring the cTrader software, which offers investors an advanced and modern approach to trading. cTrader is a feature-rich solution catering to every investment preference.
FP Markets73.85% of retail investor accounts lose money
Pepperstone75.5% of retail investor accounts lose money
IC Markets70.64% of retail investor accounts lose money
BlackBull Markets
FxPro74% of retail investor accounts lose moneyComprehensive Comparison of the Top 5 cTrader Forex Brokers
| cTrader Forex Broker | Forex Maximum Leverage | Min Deposit | Trust Pilot Rating | Regulators |
|---|---|---|---|---|
| 1. IC Markets | 1:30 (European and Australian Retail Accounts); 1:500 (Pro); 1:1000 (FSA Clients) | $200 | 4.6 ⭐ | FSA (Seychelles), CySEC, ASIC |
| 2. Pepperstone | 1:30 (Retail ASIC, CySEC, FCA); 1:500 (Professional); 1:400 (CMA) | $0 | 4.7 ⭐ | UK FCA (No.684312), CySEC (No. 388/20), ASIC (No. 414530), BaFin (No.151148), DFSA, CMA |
| 3. FP Markets | 1:30 (Retail)1:500 (Professional) | $50 (AU$100) | 4.8 ⭐ | ASIC, CySEC, FSA (Seychelles), FSCA |
| 4. BlackBull Markets | 1:30 (Retail)1:500 (Professional) | $0 (Standard)$2,000 (Prime)$20,000 (Institutional) | 4.6 ⭐ | SFSA (No. SD045), FMA (No. FSP403326), FSA |
| 5. FxPro | 1:30 (Retail)1:500 (Professional) | $100 | 3.7 ⭐ | FCA (No. 45052), CySEC (No. 078/07), SCB (No. SIA-F184), FSCA (No.45052) |
Below, we have covered some of the best online forex brokers offering cTrader. Each brand on our list is authorized by top-tier regulators, offering forex traders a safe and fair trading experience.
Top cTrader Forex Brokers
- 1. FP Markets
FP Markets went live in 2005 and is currently one of the top destinations for forex traders, with over 60 currency pairs to trade. Competitively tight spreads, educational tools, and easy-to-use platforms are just a few of the perks FP Markets offers to its customers. Through authorizations issued by major regulators like CySEC and ASIC, this broker caters to traders from numerous jurisdictions.
Members of the brokerage website will be able to choose from several platform options, with cTrader being one of them. FP Markets customers can open a standard and a raw forex account on the cTrader platform, with standard account holders enjoying zero commission as fees are built into the spread.
10 per quarter for non-AU traders; 20 per quarter and notional volume of AU$1,000,000 per 4 quarters in the last 1 year 73.85% of retail CFD accounts lose money - 2. Pepperstone
It is no secret that Pepperstone ranks as a top option for forex trading online, with this broker offering some of the best conditions for any type of trader. Founded in 2010, the broker has expanded its reach to numerous markets, operating thanks to authorizations issued by CySEC, ASIC, DFSA, BAFIN, and CMA.
Striving to offer the best trading experience to all of its customers, Pepperstone features several platforms, including the innovative cTrader. No matter the device they prefer to use for their forex trading, members of Pepperstone can access the cTrader platform at any time and place. The platform allows traders to make informed decisions thanks to charts and market indicators and enjoy extremely fast orders.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. - 3. IC Markets
Australian-based IC Markets is a top-tier broker for forex traders, offering fair, secure, and competitive trading since its inception in 2007. The brand is authorized by tier-1 regulators like ASIC and CySEC, ensuring that traders’ funds will always be protected, with additional security measures like negative balance protection and leverage limits also being implemented into IC Markets’ operations.
Among the various platform solutions supported by IC Markets, traders will also discover cTrader. No matter the device they decide to use for their forex trading, IC Markets clients will have access to multiple advanced tools, including charts, cBots, drawing tools, and more.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Earning its spot on our list of top forex brokers, BlackBull Markets offers its clients a top-tier trading experience online. Founded in 2014, the brand caters to thousands of traders, operating in over 180 countries. The broker is regulated by the FMA, which is one of the few tier-1 regulators in the trading sector.
Members of BlackBull Markets will have the chance to pick from several popular platform variations, with cTrader also supported as a trading software option. It enables innovative trading with a wide selection of charts and tools enabling easy market analysis. Accessible across multiple devices, cTrader allows any BlackBull Markets member to enjoy a seamless trading experience at any time and place.
- 5. FxPro
FX Pro joined the online trading sector in 2006 and is currently one of the most prominent brokers for forex trading online. Catering to thousands of traders, FX Pro manages to ensure competitive and secure trading for all of its members, boasting an average execution speed of under 11ms. To ensure a safe and fair trading environment, FX Pro follows strict regulatory guidelines imposed by reputable authorities like CySEC and FSCA.
Forex traders will have the chance to choose from several popular and user-friendly platform options, including cTrader. Adapted for both desktop and mobile devices, cTrader offers FX Pro members very low spreads, fast order executions, and access to multiple charting and analytical tools.
Trade Responsibly. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
cTrader Forex Brokers Ranked by Trustpilot Score
| Forex Broker | Trustpilot Reviews | |
|---|---|---|
| 1. FP Markets | 6,706 | 4.8 ⭐ |
| 2. Pepperstone | 2,533 | 4.7 ⭐ |
| 3. IC Markets | 37,770 | 4.6 ⭐ |
| 4. BlackBull Markets | 458 | 4.6 ⭐ |
| 5. FxPro | 235 | 3.7 ⭐ |
What is cTrader?
Developed in 2011 by innovative fintech company Spotware Systems, cTrader is a trading platform focusing on forex and CFDs products. This trading platform combines a user-friendly interface with advanced instruments that can make any trader’s experience more modern, intuitive, and smooth.
Since it combines the latest technological advancements, cTrader offers a contemporary look at CFD and forex trading, with charts, drawing tools, and other advanced instruments making trading easier and enjoyable.
Main Reasons to Use cTrader
In recent years, cTrader has become extremely popular among traders, especially younger ones who are looking for alternative and easy-to-understand investment methods that could earn them additional profits. There are multiple reasons why the platform starts overshadowing its predecessors, with plenty of perks available only to cTrader users.
- No Conflict of Interests:
Since cTrader is hosting and managing every operation in its ecosystem, there is no way for brokers to meddle in cTrader’s affairs, meaning they will not have any say when it comes to price feeds, traders’ orders, and current and past trades. Instead, brokers are simply given the option to offer the cTrader platform to their clients, simply setting up accounts, commissions, spreads, and other typical broker tasks.
- Feature-Packed Modern Platform:
To show traders they can enjoy more advanced and improved trading experience, cTrader features a wide range of instruments that allow easy tracking of markets, spotting trends, and getting an advantage compared to traders who rely on other platforms for their forex and CFD trades. - Direct and Continuous Support:
The cTrader platform is constantly updated to ensure a better trading experience for its users. Many of the improvements are based on users’ feedback, with every trader having easy access to cTrader’s support team, with contact forms including even a dedicated Telegram chat group.
| Trading Platforms Comparison | ||||
|---|---|---|---|---|
| cTrader | MT4 | MT5 | ZuluTrade | |
| Supported Trading Assets | Forex, Stocks, Indices, Commodities, Crypto | Forex, Indices, Commodities | Forex, Stocks, Futures | Forex, Stocks, Indices, CFD Crypto, Commodities |
| Chart Types | line, brad, candlestick, dots, area, and HLC charts | line, bar, and candlestick charts | line, bar, and candlestick charts | N/A |
| Order Types | Market Order, Buy Limit, Sell Limit, Buy Stop, Sell Stop, Buy Stop Limit, Sell Stop Limit | Market Order, Pending Order (Buy Limit, Buy Stop, Sell Limit, Sell Stop), Stop Loss, Take Profit | Market Order, Pending Order (Buy Limit, Buy Stop, Sell Limit, Sell Stop, Buy Stop Limit, Sell Stop Limit), Stop Loss, Take Profit | Copy orders of other traders |
| Programming Language | C# | MQL4 | MQL5 | ZuluScript |
| Direct Deposit/Withdrawal Option | Yes | No | Yes | No |
| Backtesting Feature | Yes | Yes (Strategy Tester) | Yes (Strategy Tester) | No |
| Automated Trading Instruments | cBots | Expert Advisors | Expert Advisors | Copy trading platform |
| Platform Pricing Options | Free | Free | Free | Free |
How To Connect a Broker to cTrader?
Traders who wish to have access to the cTrader platform and its related products must create their cTrader ID, or cTID for short. These are the credentials that are used every time a user wishes to access the cTrader platform while trading with any broker supporting the cTrader software. With the cTrader platform, it is possible to open both Live and Demo accounts across different brokers. To access any of them, you simply use your cTID to log into your cTrader accounts.
If you are using the cTrader platform of a specific broker, you can use your cTID to authorize any of the accounts you have created with the said broker. Meanwhile, if you are using a non-branded cTrader, you can use cTID to be authorized under any of the accounts you have created in the cTrader ecosystem.
You can set up your cTID by choosing to open an account on your broker of choice and selecting the cTrader platform. Follow the steps required to create your cTrader account, keeping in mind that it is required to use the same email as the one you provided during the registration with the respective broker. You can also join the cTrader platform by launching a non-branded version of the platform, which will require you to enter your email and choose a password for your future cTID logins. Once you verify your email, your cTID will be ready and you can use those credentials to access the platform on any broker supporting cTrader.
What is the Cost of Using cTrader?
If you have chosen to trade on the cTrader platform, you will be allowed to open both Demo and Live accounts. Demo accounts allow risk-free trading as you use virtual money to simply explore the functionalities of the platforms, practicing your skills without risking losing real money. If you are confident in your trading and would like to place real money orders, you can opt for a live account option.
Any commissions that you will be charged while trading on the cTrader platform will depend on the broker under which you have opened your live account. Often, brokers will charge no commission as it will be built into the spread. Nevertheless, the platform itself is free to use but you may be charged fees depending on the trading conditions introduced by the broker of your choice.
Does cTrader Support Backtesting for Forex?
Many forex traders prefer assessing trading strategies using the backtesting option that some platforms offer. Conveniently enough, cTrader also features backtesting that uses historical data to help traders review how a specific strategy would have worked in the past. Whenever cTrader users make use of this tool, cBots will trade on past markets, using historical data. Before they start trading, traders will need to determine the conditions under which the cBots will carry out the test.
After cBots use the specific strategy to trade on historical market data, cTrader will generate a thorough report, which will include the trades performed by the cBots as well as the final balance after the trading is complete. This is a great tool that allows forex traders to test out a strategy, giving them a better insight into the possible effectiveness of trading operations. The great thing is that during backtesting, cBots do not use real money, so your real balance will not be affected in any way after you make use of cTrader’s backtesting tool.
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