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Best cTrader Brokers 2024

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Written By
James Barra
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Written By
James Barra
James is an investment writer with a background in financial services. As a former management consultant, he has worked on major operational transformation programmes at prominent European banks. James authors, edits and fact-checks content for a series of investing websites.
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Edited By
Jemma Grist
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Edited By
Jemma Grist
Jemma is a writer, editor and fact-checker focused on retail trading and investing. Jemma brings a unique perspective to the forex, stock, and cryptocurrency markets and works across several investment websites as a researcher and broker analyst.
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Fact Checked By
William Berg
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Fact Checked By
William Berg
William contributes to several investment websites, leveraging his experience as a consultant for IPOs in the Nordic market and background providing localization for forex trading software. William has worked as a writer and fact-checker for a long row of financial publications.
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Updated
Oct 2, 2024

cTrader has become increasingly popular since its introduction in 2011. The web platform was initially launched with FxPro and has since been adopted by several leading cTrader brokers, including Pepperstone and IC Markets. Which one should you pick? Read this test of the best cTrader brokers updated for 2024 to find the most suited to your trading needs.

Top 10 Brokers with cTrader

In our platform tests we have found that these are the top 10 brokers with cTrader in 2024:

Click a broker for details
  1. 1
    IC Markets
    Ratings
    4.6 / 5
    4 / 5
    3.5 / 5
    4.6 / 5
    4 / 5
    4.5 / 5
    4 / 5
    3.5 / 5
    3.1 / 5
    4.2 / 5
    $200
    0.01 Lots
    1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global)
    ASIC, CySEC, FSA, CMA
    CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto
    MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade
    PayPal, Skrill, Neteller, Visa, UnionPay, Wire Transfer, Rapid Transfer, Mastercard, POLi, BPAY, Credit Card, Klarna, Swift, SafeCharge
    USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
    Go To IC Markets
  2. 2
    Pepperstone
    CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.
    Ratings
    4.6 / 5
    4 / 5
    3.8 / 5
    4.4 / 5
    4.4 / 5
    4.6 / 5
    4.3 / 5
    4 / 5
    4.4 / 5
    4.1 / 5
    $0
    0.01 Lots
    1:30 (Retail), 1:500 (Pro)
    FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB
    CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting
    MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade
    Visa, Mastercard, Credit Card, Debit Card, PayPal, Wire Transfer, POLi, UnionPay, BPAY, Neteller, Skrill
    USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
    Go To Pepperstone
  3. 3
    IC Trading
    Ratings
    2.8 / 5
    3.5 / 5
    3 / 5
    4 / 5
    4 / 5
    2.8 / 5
    3 / 5
    2.2 / 5
    4.8 / 5
    4.6 / 5
    $200
    0.01 Lots
    1:500
    FSC
    CFDs, Forex, Stocks, Indices, Commodities, Bonds, Cryptos, Futures
    MT4, MT5, cTrader, AutoChartist, TradingCentral
    PayPal, Neteller, Mastercard, Visa, Wire Transfer, Debit Card, Credit Card
    USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
    Go To IC Trading
  4. 4
    BlackBull Markets
    Ratings
    3.8 / 5
    3.8 / 5
    3.9 / 5
    4 / 5
    4.1 / 5
    3.7 / 5
    4 / 5
    3.5 / 5
    3.7 / 5
    3.7 / 5
    $0
    0.01 Lots
    1:500
    FMA, FSA
    Forex, CFDs, stocks, indices, energies, metals, commodities, cryptos
    MT4, MT5, cTrader, TradingView, AutoChartist
    Neteller, Skrill, Visa, UnionPay, FasaPay, Mastercard, Credit Card, Bitcoin Payments, Debit Card, Boleto
    USD, EUR, GBP, CAD, AUD, NZD, JPY, ZAR, SGD
    Go To BlackBull Markets
  5. 5
    FxPro
    Ratings
    4.5 / 5
    3.8 / 5
    4.2 / 5
    4.3 / 5
    4.5 / 5
    4.1 / 5
    4.4 / 5
    4.3 / 5
    4.7 / 5
    4.3 / 5
    $100
    0.01 Lots
    1:30 (Retail), 1:500 (Pro), 1:1000 (Via Prime Ash Capital Limited)
    FCA, CySEC, FSCA, SCB, FSC
    CFDs, Forex, Stocks, Indices, Commodities, Futures
    FxPro Platform, MT4, MT5, cTrader, AutoChartist, TradingCentral, DupliTrade
    Wire Transfer, Credit Card, PayPal, Skrill, Neteller, Maestro, Mastercard, Visa
    USD, EUR, GBP, AUD, JPY, ZAR, CHF, PLN
    Go To FxPro
  6. 6
    Fusion Markets
    Ratings
    3.5 / 5
    4 / 5
    3.3 / 5
    4.4 / 5
    4 / 5
    4.5 / 5
    3.5 / 5
    1.3 / 5
    4.8 / 5
    4.4 / 5
    $0
    0.01 Lots
    1:500
    ASIC, VFSC, FSA
    CFDs, Forex, Stocks, Indices, Commodities, Crypto
    MT4, MT5, cTrader, TradingView, DupliTrade
    Visa, Skrill, Neteller, Mastercard, PayPal, Bitcoin Payments, FasaPay, Perfect Money, Doku Wallet, Wire Transfer, Credit Card, Debit Card, Dragonpay, Sticpay, Ethereum Payments, TransferWise, AstroPay, PayID, JetonCash
    USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
    Go To Fusion Markets
  7. 7
    Axiory
    $10
    0.01 Lots
    1:1000
    IFSC Belize
    Forex, CFD indices, commodities
    MyAxiory App, MT4, MT5, cTrader, AutoChartist
    Neteller, Visa, Skrill, Sticpay, Paysafecard, Cashu, Credit Card
    USD, EUR
    Go To Axiory
  8. 8
    Skilling
    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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.
    Ratings
    3.5 / 5
    3.9 / 5
    3.5 / 5
    3.5 / 5
    4 / 5
    4.5 / 5
    3.3 / 5
    3.8 / 5
    5 / 5
    4.2 / 5
    $100
    0.01 Lots
    1:1000
    CySEC, AFM
    Forex, CFDs, Stocks, Indices, Commodities and Cryptos
    Skilling Trader, MT4, cTrader, TradingView
    Visa, Mastercard, Neteller, PayPal, Trustly, Skrill, Klarna, Apple Pay, Wire Transfer
    USD, EUR, GBP, SEK, NOK
    Go To Skilling
  9. 9
    MultiBank FX
    20% deposit bonus
    $50
    0.1 Lots
    1:500
    SCA, MAS, CySEC, ASIC, AUSTRAC, BaFin, FMA, FSC, CIMA, TFG, VFSC
    Forex, CFDs, indices, shares, metals, commodities, cryptocurrencies
    MultiBank-Plus, MT4, MT5, cTrader
    Wire Transfer, Swift, Visa, Mastercard, Credit Card, Skrill, Neteller, Perfect Money, GlobePay
    Go To MultiBank FX
  10. 10
    TopFX
    100% Universal Bonus T&Cs Apply
    Ratings
    3 / 5
    3 / 5
    3 / 5
    4 / 5
    3 / 5
    3.5 / 5
    3.5 / 5
    0.5 / 5
    0 / 5
    0 / 5
    $50
    0.01 Lots
    1:500
    CySEC, FSA
    CFDs, Forex, Shares, Indices, Metals, Energies, ETFs, Cryptocurrency
    MT4, cTrader, AutoChartist, TradingCentral
    Visa, Mastercard, Debit Card, Credit Card, Wire Transfer, Swift, Apple Pay, Google Wallet, Skrill, Neteller, Bitcoin Payments, Ethereum Payments, Perfect Money, Dragonpay, M-Pesa, FasaPay, PIX Payment, Sticpay, Bitwallet, Przelewy24, Sofort, iDeal
    USD, EUR, GBP
    Go To TopFX

Here is a short overview of each broker's pros and cons

  1. IC Markets - IC Markets is a globally recognized forex and CFD broker known for its excellent pricing, comprehensive range of trading instruments, and premium trading technology. Founded in 2007 and headquartered in Australia, the brokerage is regulated by the ASIC, CySEC and FSA, and has attracted more than 180,000 clients from over 200 countries.
  2. Pepperstone - Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for day traders at all levels.
  3. IC Trading - IC Trading is part of the established IC Markets group. Built for serious traders, it boasts some of the most competitive spreads, reliable order execution, and advanced trading tools. The catch is that it’s registered in the offshore financial centre of Mauritius, enabling it to offer high leverage but in a weakly regulated trading setting.
  4. BlackBull Markets - BlackBull is a New Zealand-based CFD broker with trading opportunities on forex, stocks, indices, commodities and cryptos. The broker supports the MetaTrader 4 and 5 platforms as well as TradingView, cTrader and a proprietary mobile app. Clients can trade with high leverage and tight spreads from 0 pips on the broker's ECN accounts.
  5. FxPro - Founded in 2006, FxPro is an established forex, CFD and spread betting broker offering 2100+ assets to over 2 million clients worldwide. The broker is regulated in 4 jurisdictions and offers reliable 24/5 customer support, earning it a high trust and safety score. FxPro has also picked up more than 100 industry accolades for its competitive trading conditions, including fast execution and deep liquidity.
  6. Fusion Markets - Fusion Markets is an online broker established in 2017 and regulated by the ASIC, VFSC and FSA. It is best known for its low-cost forex and CFD trading, although its multiple account types and copy trading solutions cater to a range of traders. New clients can sign up and start trading in 3 easy steps.
  7. Axiory - Founded in 2011, Axiory is a regulated forex and CFD broker offering tight spreads and highly leveraged trading on industry-leading platforms: MT4, MT5 and cTrader. The broker has won multiple global awards and is regulated by the FSC in Belize and the FSC in Mauritius.
  8. Skilling - Skilling is a multi-asset broker founded in 2016 and based in Cyprus. The brand offers hundreds of day trading instruments with competitive spreads from 0.1 pips and beginner-friendly platforms. Skilling are also regulated in Europe and beyond with a transparent pricing structure. You can sign up and start trading in three easy steps.
  9. MultiBank FX - MultiBank FX is an established broker offering forex and CFD products since 2005. With 20,000+ instruments, plenty of local payment methods and 24/7 multilingual customer support, the broker is a popular choice among traders globally. New clients can also access a variety of bonus offers and access the hugely popular MT4 and MT5 trading platforms.
  10. TopFX - TopFX, a Cyprus-headquartered company, has been an instrumental player in the financial services industry since its establishment in 2010, earning a solid reputation as a reliable broker for active traders. Initially, the company offered liquidity services to institutional clients, including hedge funds, banks, and brokers. However over the years, TopFX has grown to include retail traders in its clientele. It was the first broker in the world to offer cTrader, a testament to its commitment to innovation.

Best cTrader Brokers 2024 Comparison

Best cTrader Brokers 2024 Comparison
Broker Minimum Deposit Instruments Platforms
IC Markets logo
$200 CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade
Pepperstone logo
$0 CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade
IC Trading logo
$200 CFDs, Forex, Stocks, Indices, Commodities, Bonds, Cryptos, Futures MT4, MT5, cTrader, AutoChartist, TradingCentral
BlackBull Markets logo
$0 Forex, CFDs, stocks, indices, energies, metals, commodities, cryptos MT4, MT5, cTrader, TradingView, AutoChartist
FxPro logo
$100 CFDs, Forex, Stocks, Indices, Commodities, Futures FxPro Platform, MT4, MT5, cTrader, AutoChartist, TradingCentral, DupliTrade
Fusion Markets logo
$0 CFDs, Forex, Stocks, Indices, Commodities, Crypto MT4, MT5, cTrader, TradingView, DupliTrade
Axiory logo
$10 Forex, CFD indices, commodities MyAxiory App, MT4, MT5, cTrader, AutoChartist
Skilling logo
$100 Forex, CFDs, Stocks, Indices, Commodities and Cryptos Skilling Trader, MT4, cTrader, TradingView
MultiBank FX logo
$50 Forex, CFDs, indices, shares, metals, commodities, cryptocurrencies MultiBank-Plus, MT4, MT5, cTrader
TopFX logo
$50 CFDs, Forex, Shares, Indices, Metals, Energies, ETFs, Cryptocurrency MT4, cTrader, AutoChartist, TradingCentral

IC Markets

"IC Markets offers superior pricing, exceptionally fast execution and seamless deposits. The introduction of advanced charting platforms, notably TradingView, and the Raw Trader Plus account, ensures it remains a top choice for intermediate to advanced day traders."

Christian Harris, Reviewer

IC Markets Quick Facts

Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto
RegulatorASIC, CySEC, FSA, CMA
PlatformsMT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade
Minimum Deposit$200
Minimum Trade0.01 Lots
Leverage1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global)
Account CurrenciesUSD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD

Pros

  • IC Markets offers fast and dependable 24/5 support based on firsthand experience, particularly when it comes to accounts and funding issues.
  • As a tightly regulated and widely respected broker, IC Markets prioritizes client security and transparency, helping to ensure a reliable trading experience globally.
  • You have access to over 2,250 CFDs across various markets, including forex, commodities, indices, stocks, bonds, and cryptocurrencies, allowing for diversified trading strategies.

Cons

  • The breadth and depth of tutorials, webinars and educational resources still need work, trailing alternatives like CMC Markets and reducing its suitability for beginners.
  • There are fees for certain withdrawal methods, including a $20 wire charge, which can eat into profits, especially for frequent withdrawals.
  • Despite four industry-leading third-party platforms, there is no proprietary software or trading app built with new traders in mind.
Visit IC Markets
IC Markets Review

Pepperstone

"Pepperstone stands out as a top choice for day trading, offering razor-sharp spreads, ultra-fast execution, and advanced charting platforms for experienced traders. New traders are also welcomed with no minimum deposit, extensive educational resources, and exceptional 24/7 support."

Christian Harris, Reviewer

Pepperstone Quick Facts

Demo AccountYes
InstrumentsCFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting
RegulatorFCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB
PlatformsMT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade
Minimum Deposit$0
Minimum Trade0.01 Lots
Leverage1:30 (Retail), 1:500 (Pro)
Account CurrenciesUSD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD

Pros

  • There’s support for a range of industry-leading charting platforms including MT4, MT5, TradingView, and cTrader, catering to various short-term trading styles, including algo trading.
  • Pepperstone emerges as a low-cost broker, especially for serious day traders with spreads from 0.0 in the Razor account and rebates of 25%+ through the Active Trader program.
  • Pepperstone boasts impressive execution speeds, averaging around 30ms, facilitating fast order processing and execution that’s ideal for day trading.

Cons

  • There’s no simplified proprietary trading platform, nor are there any social trading features, which could be a disadvantage if you are new to day trading.
  • Pepperstone does not support cTrader Copy, a popular copy trading feature built into the excellent cTrader platform and available at alternatives like IC Markets.
  • Despite enhancements to its range of markets, crypto offerings are relatively limited compared to other brokers such as eToro, with no option to invest in real coins.
Visit Pepperstone
Pepperstone Review

IC Trading

"With superior execution speeds averaging 40 milliseconds, deep liquidity, and powerful charting software, IC Trading delivers an optimal trading environment tailored for scalpers, day traders, and algorithmic traders. "

Christian Harris, Reviewer

IC Trading Quick Facts

Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Indices, Commodities, Bonds, Cryptos, Futures
RegulatorFSC
PlatformsMT4, MT5, cTrader, AutoChartist, TradingCentral
Minimum Deposit$200
Minimum Trade0.01 Lots
Leverage1:500
Account CurrenciesUSD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD

Pros

  • Trading Central and Autochartist are valuable tools for in-depth technical summaries and actionable trading ideas and are accessible from within the account area or the cTrader platform.
  • IC Trading offers unusual flexibility in its accounts, enabling traders to open up to 10 live and 20 demo accounts, meaning you can run separate profiles for different activities, such as manual trading and algo trading.
  • The simplified and digital account opening process saves time and effort, allowing traders to start trading sooner without extensive paperwork, taking just minutes during testing.

Cons

  • The educational resources are greatly in need of improvement, unless you navigate to the IC Markets website, posing a limitation for beginners in search of a comprehensive learning journey, especially compared to category leaders like eToro.
  • Customer support performed woefully during testing with multiple attempts to connect via live chat and no one available to assist, plus unanswered emails, raising concerns about its ability to address urgent trading concerns.
  • Unlike IC Markets, IC Trading does not support social trading through the group’s IC Social app or the third-party copy trading platform ZuluTrade.
Visit IC Trading
IC Trading Review

BlackBull Markets

"BlackBull Markets will suit traders of all experience levels with a growing suite of thousands of tradable instruments, tight spreads and the familiar MetaTrader platforms."

Tobias Robinson, Reviewer

BlackBull Markets Quick Facts

Demo AccountYes
InstrumentsForex, CFDs, stocks, indices, energies, metals, commodities, cryptos
RegulatorFMA, FSA
PlatformsMT4, MT5, cTrader, TradingView, AutoChartist
Minimum Deposit$0
Minimum Trade0.01 Lots
Leverage1:500
Account CurrenciesUSD, EUR, GBP, CAD, AUD, NZD, JPY, ZAR, SGD

Pros

  • Autochartist plugin
  • Mobile trading experience upgraded with direct TradingView integration
  • Huge range of 26,000+ instruments, with recent additions to its Asia Pacific indices

Cons

  • US traders not accepted
  • Withdrawal fees with some methods
Visit BlackBull Markets
BlackBull Markets Review

FxPro

"FxPro is best for experienced traders looking for wide market access, premium research tools and advanced charting platforms. The competitive fees and fast execution will serve serious short-term traders, whilst the BnkPro investment service will appeal to those looking for long-term e-money solutions."

William Berg, Reviewer

FxPro Quick Facts

Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Indices, Commodities, Futures
RegulatorFCA, CySEC, FSCA, SCB, FSC
PlatformsFxPro Platform, MT4, MT5, cTrader, AutoChartist, TradingCentral, DupliTrade
Minimum Deposit$100
Minimum Trade0.01 Lots
Leverage1:30 (Retail), 1:500 (Pro), 1:1000 (Via Prime Ash Capital Limited)
Account CurrenciesUSD, EUR, GBP, AUD, JPY, ZAR, CHF, PLN

Pros

  • There's an interactive learning center for beginners with tests, courses, video tutorials and webinars
  • Thousands of CFDs are available across 6 asset classes with a particularly impressive range of indices and precious metals
  • Comprehensive analysis and trading tools are available for seasoned traders, including signals powered by Trading Central and VPS hosting

Cons

  • FxPro's services are mainly geared towards experienced investors and beginners may find the broker's fees and accounts complex
  • The broker charges a $10 inactivity fee after 6 months of account dormancy, though this is more lenient than many brokers
  • There's no copy trading service, which reduces the appeal for strategy providers looking to earn extra revenue
Visit FxPro
FxPro Review

Fusion Markets

"Fusion Markets is a standout option for forex traders looking for excellent pricing with spreads near zero, industry-low commissions and recently TradingView integration. It’s a particularly good broker for Australian traders where the company is headquartered and regulated by the ASIC."

Jemma Grist, Reviewer

Fusion Markets Quick Facts

Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Indices, Commodities, Crypto
RegulatorASIC, VFSC, FSA
PlatformsMT4, MT5, cTrader, TradingView, DupliTrade
Minimum Deposit$0
Minimum Trade0.01 Lots
Leverage1:500
Account CurrenciesUSD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD

Pros

  • The market analysis features, Market Buzz and Analyst Views, are great tools for discovering opportunities and conveniently integrated into the client dashboard.
  • Average execution speeds of around 37 milliseconds are noticeably faster than many rivals and can help day traders secure optimal prices in fast-moving markets.
  • The range of charting platforms and social trading features is excellent, with MT4, MT5, cTrader and more recently TradingView, catering to a wide range of trader preferences.

Cons

  • Fusion Market trails alternatives, notably eToro and IG, in the education department with limited guides and live video sessions to upskill new traders.
  • The demo account expires after 30 days, limiting its potential as a useful trading tool alongside a real-money account.
  • Traders outside of Australia must sign up with weakly regulated global entities with limited safeguards and no negative balance protection.
Visit Fusion Markets
Fusion Markets Review

Axiory

"Axiory remains a top choice for beginners with its low deposit, unlimited demo account and high-quality education. Experienced day traders will also appreciate the advanced capabilities of the cTrader platform, although the range of 150+ instruments may be too restricting."

William Berg, Reviewer

Axiory Quick Facts

Demo AccountYes
InstrumentsForex, CFD indices, commodities
RegulatorIFSC Belize
PlatformsMyAxiory App, MT4, MT5, cTrader, AutoChartist
Minimum Deposit$10
Minimum Trade0.01 Lots
Leverage1:1000
Account CurrenciesUSD, EUR

Pros

  • The broker offers best-in-class charting platforms for both novices and serious day traders, including cTrader with over 50 technical indicators
  • A good range of accounts are available with just a $10 minimum deposit required and Islamic swap-free versions
  • Spreads are decent based on tests, coming in at 0.3 pips for EUR/USD, which is in line with some of the best low-cost forex brokers

Cons

  • It’s a shame that copy trading services are not offered for beginners or strategy providers
  • The broker’s range of 150+ instruments is much smaller than the hundreds offered by most leading firms
  • Only USD and EUR are accepted as account base currencies, so many clients may have to pay conversion fees
Visit Axiory
Axiory Review

Skilling

"Skilling maintains its position as a top pick for beginners looking for a competitive zero commission account with direct access to a copy trading feature. It will also serve experienced strategy providers looking to earn commissions, or anyone looking to trade forex during extended hours."

William Berg, Reviewer

Skilling Quick Facts

Demo AccountYes
InstrumentsForex, CFDs, Stocks, Indices, Commodities and Cryptos
RegulatorCySEC, AFM
PlatformsSkilling Trader, MT4, cTrader, TradingView
Minimum Deposit$100
Minimum Trade0.01 Lots
Leverage1:1000
Account CurrenciesUSD, EUR, GBP, SEK, NOK

Pros

  • The €100 deposit and zero commissions in the Standard account are accessible for beginners
  • The broker has a solid global reputation and is regulated by top-tier authorities including the CySEC
  • The Skilling Copy solution is accessible directly from the cTrader web terminal, making it easy for strategy providers to manage their portfolios

Cons

  • You can only access shares in the Skilling Trader platform and fewer instruments are available overall in the MT4 accounts
  • Skilling trails alternatives like IG when it comes to research tools that can help day traders make informed decisions
Visit Skilling
Skilling Review

MultiBank FX

"MultiBank FX is a great option for active forex traders with 55 currency pairs, spreads from 0.0 pips and high leverage up to 1:500."

Tobias Robinson, Reviewer

MultiBank FX Quick Facts

Bonus Offer20% deposit bonus
Demo AccountYes
InstrumentsForex, CFDs, indices, shares, metals, commodities, cryptocurrencies
RegulatorSCA, MAS, CySEC, ASIC, AUSTRAC, BaFin, FMA, FSC, CIMA, TFG, VFSC
PlatformsMultiBank-Plus, MT4, MT5, cTrader
Minimum Deposit$50
Minimum Trade0.1 Lots
Leverage1:500

Pros

  • Vast range of local payment methods with fast withdrawals within 24 hours
  • Renowned MT4 and MT5 platforms, plus proprietary MultiBank-Plus solutions and social trading
  • 24/7 multilingual customer support available across all accounts

Cons

  • $5,000 minimum deposit required to access ECN spreads
  • Average education and market research
  • $60 monthly inactivity fee
Visit MultiBank FX
MultiBank FX Review

TopFX

"TopFX is a strong choice for day trading due to ultra-low latency with execution times under 25 milliseconds. It also offers access to advanced charting platforms, MT4 and cTrader, with tight spreads and low commissions that can significantly reduce costs for active traders."

Christian Harris, Reviewer

TopFX Quick Facts

Bonus Offer100% Universal Bonus T&Cs Apply
Demo AccountYes
InstrumentsCFDs, Forex, Shares, Indices, Metals, Energies, ETFs, Cryptocurrency
RegulatorCySEC, FSA
PlatformsMT4, cTrader, AutoChartist, TradingCentral
Minimum Deposit$50
Minimum Trade0.01 Lots
Leverage1:500
Account CurrenciesUSD, EUR, GBP

Pros

  • Active traders get reliable trade execution with speeds under 25ms, combined with consistent pricing, no slippage or requotes, and fast deposits and withdrawals during testing.
  • TopFX continues to deliver first-class support following years of real-money trading with responses on live chat in minutes and email replies in 24 hours for technical assistance.
  • TopFX is committed to supporting a diverse range of day traders, including those who prefer manual, algorithmic, and strategy-based trading with a choice of three flexible accounts (Zero, Raw and VIP).

Cons

  • Despite a growing selection of 600+ instruments, you can't invest directly in real assets, such as stocks, ETFs, and crypto, and TopFX does not offer interest on uninvested cash like alternatives such as IBKR.
  • TopFX supports only two platforms (cTrader and MT4), so there's no option to trade with MT5 or the increasingly popular TradingView. The lack of a proprietary platform for beginner traders is also an entry barrier.
  • Although it produces in-house market analysis content, notably the Daily Market Digest, and includes Autochartist and Trading Central, the woeful educational offering is limiting for beginners, especially compared to category leaders like XTB.
Visit TopFX
TopFX Review

What Is cTrader?

cTrader is a modern and intuitive platform for forex trading and CFD trading which was developed by the Spotware Systems Group in 2011. The platform has become a strong contender against the MetaTrader 4 and MetaTrader 5 platforms, due to its STP (Straight Through Processing) capabilities.

Today, cTrader is offered as a downloadable application for both Windows, Mac OS or Linux operating systems, plus a convenient webtrader version. For on-the-go traders, there’s also a mobile app, which can be downloaded to all major devices.

You can trade a list with thousands of assets on cTrader, including currency pairs, commodities, indices, stocks, ETFs and even popular cryptocurrencies such as Bitcoin. Spread betting is also available as an add-on through some brokerages. Leverage is available up to 1:500, depending on the broker and jurisdiction.

Key Features

Interface

cTrader offers a clean, modern and visually appealing layout compared to MetaTrader. There are different layouts you can choose and you can also detach charts and customise them as needed. Additionally, there’s the option to switch between dark and light themes, which is a nice touch.

cTrader interface
cTrader interface

Market Depth Functionality

Contrary to only one kind of market depth offered by MetaTrader 5, cTrader displays three types of market depth and level 2 pricing:

cTrader Depth Of Market
cTrader Standard Depth Of Market
cTrader Price Depth Of Market
cTrader Price Depth Of Market
cTrader VWAP Depth Of Market
cTrader VWAP Depth Of Market

Charting

cTrader’s charting features are both intuitive and user-friendly, with numerous customisation options to suit different styles.

cTrader charting
cTrader charting
cTrader technical analysis
cTrader chart modes
cTrader technical analysis
cTrader technical analysis

Order Types

You can execute four order types: market, limit, stop and stop limit. For each one, a window will appear where you can adjust your parameters, set price alerts, choose the market range and expiry dates. You will then need to utilise the risk management tools and set the stop loss and take profit levels.

cTrader pending orders
cTrader order types

You can edit or cancel a open pending order by clicking on the ‘Modify’ button next to the instrument in your TradeWatch panel. Here you can edit the entry price, expiry date, stop loss and take profit, as well as trailing stop.

TradeWatch

Located at the bottom of your screen, the TradeWatch panel allows you to enter or leave trades, view and modify positions, and manage transactions. You can also set advanced take profit and stop loss levels for a position, by clicking on the ‘Advanced Protection’ settings.

Advanced take profit will automatically initiate a partial close on a position when it reaches the desired profit level. The advanced stop-loss allows for more precise control over pip movements at the stop loss point.

cTrader TradeWatch
cTrader TradeWatch

Additional Features

Other impressive features that you will find include:

Mobile App

Available for smartphones and tablets, including iPhone and Samsung devices, the mobile app features fluid and responsive charts on an attractive and customisable design.

As with the desktop version, you can switch between dark or light mode to suit your preferences. There are also intuitive mobile-adapted features to make trading on-the-go easy and seamless, such as zoom and scroll functionality and QuickTrade mode.

The app supports 5 chart rendering types (bar, candlestick, dots, line and area charts) plus 4 chart types (standard, tick, Renko and range). Impressively, cTrader Mobile also comes with all 65 technical indicators and 8 drawing tools, as well as a news feed, live market sentiment, price alerts and trade statistics.

cTrader mobile app
cTrader mobile app

You can also fully manage your account transactions and settings straight from the easy-to-navigate dashboard, plus configure your own push and email notifications. cTrader Mobile is available in 22 languages and you can download it in seconds from the App Store for iOS devices, or Google Play for Android phones.

cTrader Automate

cTrader Automate (formerly known as cAlgo) allows traders to build their own automated trading robots (cBots) and custom indicators using the C# programming language on the cTrader open API. The integrated solution supports manual backtesting in replay mode against historical data, an in-built code editor and a deal map.

The main advantage of cBots is that trades can be entered more precisely and quickly than a human can process manually. Indicators can be used for manual trading but can also be integrated into cBots to indicate trends and provide signals. Some popular cBots include the scalping or moving average bot, as well as the TradingView charting package bot.

To create and run a cBot or indicator, click on ‘New’ from inside the ‘cBots’ or ‘Indicator’ tab where a new template will be created with a default code. The user guide online contains instructions on how to optimise the codes, as well as other sample codes.

cTrader automated trading
cTrader automated trading

Copy Trading

cTrader Copy is fully integrated within the platform and allows for a variety of copy trading strategies. You can access the feature by clicking on the ‘Copy’ tab in the main left-hand window. This allows you to check available strategies, compare history and fees, and start copying in just a few clicks.

cTrader copy investing
cTrader copy investing

You can easily search Strategy Providers and filter by age, fee amount, number of trade copiers, or the capital amount. Once you have chosen a provider, click on their cTrader ID to expand additional information such as average profit and total own funds.

Note that if you’re using a demo account, you can only copy free-of-charge strategies. Once you have selected a provider, your allocated funds will be converted into a copy trading account and all the open positions of the strategy are opened for you with the current market rates. You can stop copying and restart again at any time by going into the copy trading account settings.

If you’re unsure whether copy trading is for you, there are a number of online reviews you can check out. It’s also worth comparing the copy trading function against other popular services such as eToro or ZuluTrade.

cTrader vs MetaTrader 4

If you’re wondering whether to choose cTrader or MetaTrader 4 and how the platforms compare, we’ve weighed up the key criteria below.

Interface & Ease of Use

cTrader has been commended for its modern and uncluttered design, with light and dark themes and detachable windows. MetaTrader 4 is more outdated, though is arguably more familiar to experienced traders. Beginners may therefore prefer cTrader, though it is entirely down to personal preference.

Technical Analysis

cTrader includes over 70 built-in indicators and drawing tools, whilst MetaTrader 4 offers over 50. For this reason, cTrader does have the edge over MT4 in terms of the manual trading capabilities.

Charts

There are 9 timeframes available in MetaTrader 4, whereas cTrader offers over 50 across 9 chart types. cTrader also offers an additional chart type compared to MT4 (the dot chart) plus a chart-linking feature and detachable windows.

Automated Trading

cTrader uses the C# programming language for cBots, whereas MetaTrader 4 uses the native MQL4 language for Expert Advisors (EAs). Overall, MetaTrader 4 is still the favourite for the wider range of automated tools and the more established online community.

Market Depth

cTrader’s DoM is available in three types: standard depth, price depth and VWAP depth, which is an excellent and sought-after feature. The basic version of MT4, however, does not support depth of market.

Order Types

With cTrader, you can place pending orders even when the market is closed, which is not allowed in MetaTrader 4. cTrader also offers advanced take profit and stop loss and also displays more detailed order tickets, compared to MT4.

cTrader vs MetaTrader 5

If you’re choosing between cTrader or MT5, some of the key criteria do differ slightly compared to the cTrader vs MT4 comparison.

Interface & Ease of Use

Whilst MetaTrader 5 did include some cosmetic updates, it does still follow the old-school design that many traders are used to. Again, it is entirely down to personal preference, but some newbies are likely to find the cTrader interface more attractive and easy to navigate.

Technical Analysis

Both cTrader and MetaTrader 5 have an almost equal number of indicators, though MT5 offers a few more objects, such as Gann and Channel tools. Overall, the two platforms perform well in this area.

Charts

cTrader has chart-linking and detachable charts, which allows traders more flexibility to spread charts across multiple monitors. MT5, on the other hand, does not offer this feature. Furthermore, cTrader boasts over double the number of time frames than MT5, which has 21.

Automated Trading

When it comes to algorithmic trading, both platforms are very different, with cTrader using the common C# coding language and MetaTrader 5 using MQL5. Nonetheless, MT5 was not received as well as MT4, which already offered the core functionalities that traders need. For this reason, cTrader is a favourable choice over MT5 in this area.

Market Depth

MT5 only offers one type of market depth, whilst cTrader offers three. cTrader’s highly sophisticated DoM tool responded to traders’ desires to view the full depth of bids and offers at each price. For traders who deal in large volumes, cTrader is the better choice for market depth functionality.

Order Types

Apart from the ability to place pending orders when the market is closed in cTrader, there is not a great deal of difference between the two platforms when it comes to order types. Nonetheless, cTrader does make it easier to optimise order protection settings before entering the market, showing clear risk and reward figures, for example.

Pros

Based on our comparisons of cTrader vs MT4 or MT5, we’ve summed up some key advantages of trading:

Cons

Traders may want to consider the following drawbacks of the platform:

Final Word On cTrader

cTrader is no doubt a strong contender against industry giant, MetaTrader 4, with a vast range of technical indicators, Depth of Market options, and competitive web integrations. Novices may be drawn to the attractive design and automated trading capabilities, though MT4 is likely to remain the overall favourite for experienced traders.

You can look out for the cTrader logo at top brokers to download the platform and start trading today, including IC Markets and RoboForex. New traders should also download the demo account or make use of any trading simulator to get acquainted with the features.

FAQ

What Is The cTrader Platform? 

cTrader is a forex and CFD trading platform tailored for ECN brokers, including FxPro and IC Markets. A cTrader platform offered by one of these cTrader brokers will allow you to access a range of markets across multiple devices and operating systems.

What Is A cTrader Account? 

cTrader supports demo and live accounts, which are automatically synchronised with your cTrader ID (cTID). Demo accounts are hedged and include a default amount of 1,000 EUR to practice virtual trading with. Live accounts are provided through your broker and allow trading with real money.

Is cTrader better than MT4? 

cTrader has become increasingly popular among investors looking for a modern interface with customisable features and extensive technical analysis tools. Nonetheless, MT4 remains the favoured choice among most traders, due to its establishment in the market and use of MQL4.

What Is The Difference Between cTrader And MT4? 

The main differences between MetaTrader 4 and cTrader include the platform design and interface, as well as the coding language that is used to program robots and indicators. Due to its long-established status in the market, traders are more familiar with the features of MT4.

How Can I Access cTrader? 

cTrader is designed for most operating systems, including Windows 10 or XP, Mac OS and Linux and you can download the platform once you have registered with a cTrader broker. You could also access the web version from any major internet browser, with no installation required.

How Do I Start Trading With cTrader?

If your broker doesn’t provide a user guide PDF, cTrader has a comprehensive and easy-to-digest manual which you can access online or via the PDF version. You can also check out cTrader’s useful YouTube tutorial videos if you need any visual help.