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4 Best cTrader Forex Brokers for 2024

Searching for the top forex broker with cTrader? Based on our hands-on analysis, we’ve identified the 4 best options tailored to various trading needs. Practical tips from our experts are included.

Dan Blystone
Reviewed By:
Ola Alder
Updated: Feb 29, 2024

List of Top cTrader Forex Brokers

Raw spreads from 0.0 pips. Fast order execution. Institutional grade trading. MetaTrader 4, MetaTrader 5 and cTrader. 2250+ tradable instruments. Trading Central and Autochartist. Live webinars.

cTrader + MT4/5, proprietary mobile app. cTrader video tutorials. Raw spreads from 0.0 pips. VPS hosting. 10,000+ stocks on global exchanges. Multi-regulated brand.

Low fees. Spreads as low as 3 pips in WTI crude oil. cTrader User Guide. FxPro Edge, MetaTrader 4/5, cTrader. 2100+ instruments. Trading Central. FxPro Wallet for deposits and withdrawals.

cTrader, MT4, MT5. 4 accounts for different types of traders. The latest security protocols. Fast execution. MAM/PAMM. Client funds are held at top-tier banks. Multiple funding and withdrawal options.

How did FX Empire choose the best cTrader brokers?

FXEmpire's Methodology

  • We checked for the availability of the full suite of cTrader software.
  • We reviewed the account types compatible with cTrader.
  • We looked for platform tutorials and educational materials related to cTrader.
  • We tested fees and trading costs, including spreads, inactivity fees, and withdrawal fees.
  • We looked for brokers licensed by top-tier regulators and assessed their overall level of financial strength and transparency.
  • We checked the availability of a broad variety of tradable CFD instruments.
  • We looked for fast, responsive, and helpful customer support via phone, live chat, and email.
  • We verified the availability of a broad variety of deposit and withdrawal methods, making it fast and easy to move money in and out of your account.

Our team of experts has identified each broker’s strengths and weaknesses using FX Empire’s comprehensive methodology. Here’s how we test.

Now let’s go through the selected brokers.

Best Overall

Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
  • Min Deposit
  • Tradable Instruments
  • Fees

Founded in 2007, IC Markets is a veteran of the forex and CFD industry. The Sydney, Australia-based broker provides access to trading in CFDs on currency pairs, commodities, indices, shares, ETFs, futures, and cryptocurrencies. While researching trust and stability signals, I confirmed that multiple authorities, including top-tier ASIC and CySEC regulate IC Markets.

cTrader Features:

  • Entity applicable for cTrader: All entities of IC Markets
  • Maximum leverage: 1:500 (Seychelles), 1:30 (ASIC), 1:30 (CySEC)
  • Available cTrader platforms: Desktop, Web, Mobile (Android and iOS)
  • Available cTrader account type: cTrader Raw Spread
  • Fees on the cTrader account: Spreads starting at 0.0 pips + commission of $3 USD per 100,000 USD traded
  • Instruments available on cTrader: Forex, Indices, Metals, Energies, Cryptocurrencies
  • cTrader integrations: Autochartist
  • Execution quality: Average execution speeds of under 40ms

IC Markets’ cTrader Raw Spread account uses a super-fast server in London’s LD5 IBX Equinix Data Center for quick order execution, making trading faster and smoother. The IC Markets cTrader server has, on average, under 1ms latency to major VPS providers – creating an optimal environment for automated trading and scalping. cTrader depth of market (Level II Pricing) shows the available volumes for each price level at any given time, providing valuable insight into market liquidity.

High-volume traders rely on low trading costs to succeed. Starting from 0.0 pips, the spreads at IC Markets are highly competitive. The price connector aggregates up to 25 providers to source the best price. It ensures optimal execution, even during periods of high volatility, such as during major economic releases. Additionally, IC Markets provides a helpful guide on its YouTube channel for traders unfamiliar with the platform.

  • Excellent range of tradable instruments
  • Rock bottom spreads
  • Robust platforms and tools
  • Fast trade execution
  • $1M insurance via Lloyds of London (offshore entity)
  • Support via phone could be improved

Best for Professional Traders

Contracts for Difference (CFDs) are leveraged over-the-counter derivative products and carry a high level of risk to your capital. You should only risk capital that you can afford to lose. In certain circumstances, due to fluctuations in market value you may not get back your initial investment amount. You may not only lose your initial investment but you may incur a liability to pay a further amount to cover losses. This means you can lose more money than you have invested.
  • Min Deposit
  • Tradable Instruments
  • Fees

Sydney, Australia-based FP Markets was founded in 2005. I verified that it has entities regulated by top-tier CySEC and ASIC. With over 10,000 CFD instruments across stocks, indices, forex, commodities, and cryptocurrencies, traders can work with an exciting range of markets.

cTrader Features:

  • Entity applicable for cTrader: St. Vincent and the Grenadines (global)
  • Maximum leverage: 1:500
  • Available cTrader platforms: Desktop, Web, Mobile (Android and iOS)
  • Accounts available on cTrader: Standard, Raw
  • Fees on the cTrader account: Spreads starting at 0.0 pips + $3 USD per lot, per side
  • Instruments available on cTrader: Forex, Indices, Commodities, Shares, ETFs, Bonds, Cryptocurrencies
  • Execution quality: low latency trade execution via Equinix NY4 server

cTrader is supported on the FP Markets’ Standard and Raw trading accounts. Trading costs are competitive: in my live tests, I experienced spreads of 14 pips in gold and 4 pips in crude oil (Standard Account). The Raw account offers rock bottom spreads starting from 0.0 pips and commissions of $3 USD per lot, per side. Speed is the name of the game at this broker – made possible with low latency trade execution delivered from the Equinix NY4 facility server cluster. I confirmed that scalpers and algorithmic traders can be more confident of having a stable trading environment thanks to free VPS hosting.

Professional traders tend to watch multiple charts simultaneously, and the ability to work with split screens is another key feature of cTrader. Charts can be detached, and Multi-Chart Mode is available for traders using only one screen. Some brokers provide a limited range of markets via cTrader, but FP Markets does better by offering instruments such as soft commodities, ETFs (exchange-traded funds), bonds, and cryptocurrencies. cTrader is available at the offshore entity of FP Markets, which offers 1:500 leverage. FP Markets provides educational material on cTrader via its YouTube channel, including a brief tutorial and an in-depth guide.

  • Extremely low spreads on CFD shares
  • Advanced platforms
  • Fast order execution
  • Flexible account types
  • Research materials are not updated frequently

Best Low Spreads

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84.69% 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.
  • Min Deposit
  • Tradable Instruments
  • Fees

FxPro has retail and institutional clients in over 170 countries and is regulated by multiple authorities globally, including the top-tier FCA and CySEC. The London-based brokerage giant provides access to trading in forex and CFDs on commodities, stocks, indices, futures, and cryptocurrencies. FxPro was founded in 2006, making it a true industry pioneer.

cTrader Features:

  • Entity applicable for cTrader: All entities of FxPro
  • Maximum leverage: 1:500 (SCB), 1:30 (FCA), 1:30 (CySEC)
  • Available cTrader platforms: Desktop, Web, Mobile (Android and iOS)
  • Available accounts type: FxPro cTrader Standard and VIP
  • Fees on the cTrader account: Spreads starting at 0.2 pips + commission of $3.50 per lot
  • Instruments available on cTrader: Forex, Metals, Indices, Energy, Cryptocurrencies
  • cTrader integrations: Trading Central
  • Execution quality: Most trades filled in under 13 milliseconds

In my live tests I recorded spreads as low as 1.9 Pips in GBP/JPY and 25 pips in spot gold (XAU/USD). Even tighter spreads can be accessed with a VIP account. The cTrader platform combined with FxPro’s advanced trading infrastructure, competitive pricing, and excellent order execution provides an outstanding trading experience. Clients can take advantage of powerful charting with 55+ technical indicators, 6 chart types, and 28 timeframes. In comparison, MetaTrader 5 has 21 timeframes, while MetaTrader 4 has only 9.

Active traders will appreciate the Level 2 DoM (Depth of Market), additional pending order types (sell stop limit & buy stop limit), 1-click trading, and trading from the chart. FxPro has also integrated analysis from Trading Central into the cTrader platform. Trading Central Targets enable traders to identify new trade opportunities, improve trade entries/exits and view the trend bias based on independent technical analysis. Traders new to the platform can refer to a detailed user guide from FxPro.

  • Competitive spreads
  • Fast order execution
  • Fast deposits and withdrawals
  • Excellent range of tradable instruments
  • Inactivity fee

Best for Account Offering

FX and CFDs trading involves a high risk of loss
  • Min Deposit
  • Tradable Instruments
  • Fees

Founded in 2019, Errante is a broker providing access to trading in forex and CFDs on commodities, indices, stocks, and cryptocurrencies. Clients using cTrader can select between several different account types to suit their preferences and style of trading. In my review, Errante also stood out for its tight spreads and fast processing times for deposits/withdrawals.

cTrader Features:

  • Entity applicable for cTrader: Seychelles (global)
  • Maximum leverage: 1:500
  • Available cTrader platforms: Desktop, Web, Mobile (Android and iOS)
  • Available cTrader account types: Standard, Premium, VIP
  • Fees on the cTrader accounts: Spreads from 0.8 pips (VIP account)
  • Instruments available on cTrader: Forex, Indices, Commodities, Shares
  • Order execution: Dealing Desk/Market Maker

The Standard, Premium, and VIP accounts at Errante offer progressively tighter spreads. In my tests using a Standard Account, I measured spreads as low as 6 cents in Apple (AAPL). The EU entity offers leverage of up to 1:30, while traders at the offshore entity can access leverage of up to 1:500. I noted that micro-lot trading is available across all account types, allowing beginners to trade live with minimal risk. Errante provides a detailed 26-page PDF guide to using cTrader, to help clients make the most out of the platform.

  • Competitive spreads in some instruments
  • Multiple account types
  • Diverse range of markets
  • Offshore entity offers a €1-million insurance program
  • Website design could be improved

How to choose a cTrader forex broker?

When looking for a cTrader broker, you should pay special attention to the following points.

Can I trust the broker?

To be licensed and authorized by top-tier regulators, brokers must undergo audits, meet capital requirements, and provide segregated accounts and negative balance protection. You can search the regulator’s website to confirm the broker’s status and check for any disciplinary action. The broker’s size and operating history are also worth considering. You can usually find these on the company’s LinkedIn page.

Read more about Best regulated forex brokers.

What fees to consider when choosing a cTrader broker?

It’s important to understand and compare the fee structures of different brokers before deciding which one to use. When choosing a cTrader broker, there are main types of fees that a trader should consider:

  • Spreads: The spread is the difference between the buying and selling price of a financial instrument. It’s the primary way CFD brokers make their money. Lower spreads generally mean lower trading costs.
  • Commissions: Some brokers charge a commission on trades in addition to spreads – often a fixed fee per trade, or it can be a percentage of the total trade volume.
  • Overnight or Swap Fees: If you hold a CFD position open overnight, you might have to pay a fee known as an overnight or swap fee. It’s a fee you pay or receive depending on the interest rate difference between the two currencies involved in the pair and whether you are long or short. Check out Best low swap fees brokers.
  • Inactivity Fees: Some brokers charge inactivity fees if you don’t make a certain number of trades within a specified timeframe.
  • Withdrawal Fees: Some brokers may charge you for withdrawing money from your account. Check the fee structure and withdrawal methods before choosing a broker.

Not all brokers charge fees in the same way. Some charge a commission per trade, while others earn through the spread. Some may also include hidden charges like inactivity fees or withdrawal fees. It’s crucial to understand these fee structures to make an informed comparison.

Check out our list of Best lowest spread forex brokers.

What is the minimum deposit?

The minimum deposit required by a cTrader broker varies widely and depends on the individual broker’s policies. Typically, the minimum deposits at CFD brokers are relatively low. For example, among the brokers listed in this article, minimum initial deposits range from $50 in the case of Errante to $200 in the case of IC Markets.

What account types are available?

A broad range of account types helps a broker cater to different trader profiles. For example, a simple STP account may be the best for beginners in the markets, while an ECN/Raw Spread account can help sophisticated, active traders keep their costs to a minimum.

Read more about Best STP forex brokers and Best ECN forex brokers.

Here are some of the most common account types offered by CFD brokers:

  • Standard Accounts: These are the most common types of accounts that CFD brokers offer. They usually provide access to various financial instruments, including indices, commodities, shares, and more. The minimum deposit requirement for standard accounts can vary significantly between brokers.
  • Mini or Micro Accounts: These accounts are designed for beginners or traders with smaller account balances. They often allow trading with smaller contract sizes, which can be a way to manage risk, especially for new traders learning the ropes. Explore Best forex micro accounts.
  • VIP or Premium Accounts: These accounts are designed for high-volume or professional traders. They often come with lower spreads or commissions, a dedicated account manager, and other perks like free access to premium research or advanced trading tools. However, they usually require a higher minimum deposit.
  • Demo Accounts: Almost all CFD brokers offer demo accounts where traders can practice their strategies with virtual money before risking real money. Demo accounts are a great way to get to know the broker’s platform and test your trading skills. Read more about Best forex demo accounts.
  • Islamic Accounts: These are swap-free accounts that comply with Islamic law, which prohibits earning or paying interest. Islamic accounts are designed for traders of the Islamic faith. Read more about Best Islamic (swap free) forex accounts.

What is the available leverage?

The available leverage at CFD brokers is a significant benefit. The amount of leverage you have available depends on where your broker (or broker entity) is situated. For example, suppose you have an account with a UK-based FCA-regulated broker. In that case, the maximum leverage available is 1:30. Offshore brokers typically offer higher leverage, often 1:500 or even more in some cases.

Beware of using excessive leverage, even if it is tempting. It’s an enthralling feeling to control a large position in the market. But when markets are moving fast, and you hold a highly leveraged position, there is a high risk of losing money. Accounts can get wiped out in seconds.

Check out our guide on Best high leverage forex brokers.

Is customer support reliable?

Having solid support on hand is essential. Check the hours of availability, for example, whether help is on hand 24/7 or only during business hours. Chat support is the most convenient, so look for an easy-to-access chat window built into the broker platform. In the case of a platform outage, it is also essential to be able to contact support via phone.

What to avoid when choosing a forex broker with cTrader?

Brokers sometimes have a limited range of instruments via the cTrader platform, so check if the markets you want to trade are available. Sometimes there is a different pricing schedule, so it’s worth checking if spreads and commissions compare well with other account types.

How to avoid forex and CFD scams?

  • High-Return Guarantees. A common scam in the forex and CFD industry involves vendors offering a trading strategy that guarantees an outlandishly high return in little time. These may involve automated trading using bots or a signal service where trades are shared via chat or social media. Nobody can guarantee returns with certainty, and it is more likely that such strategies will lose money. When assessing strategy or signal providers, you should look for a live track record audited by a third party and be conscious that past performance does not guarantee future results.
  • Lack of Protection. Traders should also be cautious about opening an account with an unregulated offshore broker. Such brokers may offer a straightforward account opening process, bonuses, and high leverage levels, but client funds are typically not protected. Meanwhile, brokers regulated by top-tier authorities must undergo regular audits and are held accountable for misconduct. Traders can also benefit from having their funds held in segregated accounts, negative balance protection, and a compensation fund in case of broker insolvency.

Our Methodology

In selecting the best cTrader brokers, we used the results of our advanced proprietary methodology. All of the brokers listed were among the leaders in our tests.

FXEmpire has been reviewing brokers since 2010 and has pioneered the in-depth evaluation of CFD brokers. Our process has taken years to refine and involved hundreds of reviews. We’ve gone to a granular level – with over 250 data points in our analysis of each broker – so you can feel confident selecting the right platform.

To provide the most comprehensive view, we break down the brokers according to nine different categories:

  • Trust
  • Fees
  • Platforms and tools
  • Tradable instruments
  • Customer service
  • Deposit and withdrawal
  • Account types
  • Research
  • Education

In our broker reviews, we explain complex areas like regulatory status, so you can easily understand the safety of your funds and the benefits you are guaranteed.

We gather data through live testing, research, detailed questionnaires, and in-person broker demonstrations. An account is opened with each broker, focusing primarily on the services of one entity and testing using the most standard account type and platform. We conduct live tests of spreads and measure overnight swap fees and account-related costs.

Our side-by-side analysis reveals whether a broker is competitive in relation to the industry. Trading platforms take time to master, but we have already done the legwork for you, and our evaluations highlight their essential features and usability.

For this guide, we checked the brokers for the availability of the full suite of cTrader software, ensuring that all essential tools and features were accessible. We reviewed the account types compatible with cTrader, identifying the options that best align with different trading needs and preferences. Also, we looked for platform tutorials and educational materials related to cTrader.

FX Empire abides by strict guidelines for editorial integrity. We base scoring on objective criteria and mostly measurable data, so individual preferences or biases cannot sway our reviews. The review process is independent and follows a strict protocol. In addition, we carefully check and recheck facts, as reviews are continually updated. Read more about our review process here.

Meet our Writers

The team of forex and CFD analysts and editors at FXEmpire is comprised of trading industry professionals and seasoned financial journalists. Our experts are published on leading financial websites such as Investopedia and Forbes. In addition, they all have extensive trading experience.

Get to Know Our Authors

Dan BlystoneBroker Analyst

Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.

Jitan SolankiBroker Analyst

Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.

Plamen StoyanovBroker Analyst

Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.

Vladimir ZernovBroker Analyst

In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.

cTrader is a leading multi-asset forex and CFD trading platform, known for its intuitive interface and advanced charting tools. It offers algorithmic trading through cAlgo, providing traders with the ability to create custom trading strategies and indicators.
Algorithmic trading is the process of using computer algorithms to execute trading orders automatically, based on predefined criteria such as price, volume, or timing. It allows traders to make decisions at high speeds and frequencies, often resulting in more efficient and systematic trading, especially in the Forex and CFD markets.
Yes, cTrader is considered safe as it employs robust security measures, including encryption and two-factor authentication.
No. If your broker offers cTrader, it is free to use.No. If your broker offers cTrader, it is free to use.
No. cTrader does not incur any additional cost beyond the spreads and commissions charged by your broker.
Yes. cTrader has an intuitive interface that can cater to new traders.
Yes, cTrader has an app for Android and iOS.
Yes, cTrader offers a feature known as cTrader Copy, allowing traders to follow and copy the strategies of successful traders within the platform.
Yes, cTrader is well-known for supporting automated trading through its cAlgo feature. Traders can develop custom trading algorithms, indicators, and scripts using C# language, allowing for systematic execution of trades based on predefined criteria.
On cTrader, you can trade a wide variety of financial instruments, depending on the broker's offerings. This includes forex pairs, CFDs, cryptocurrencies, commodities, etc.
Yes, you can trade CFDs on cryptocurrencies via cTrader.
cTrader is known for its customizable interface, allowing traders to tailor chart types, time frames, indicators, workspaces, and automated trading algorithms. You can also save templates for quick access to preferred trading setups and set up specific alerts for price levels or market events.
he cTrader software is usually the same at each broker, but sometimes brokers make customizations, for example by offering Autochartist or Trading Central within the platform.

About the Author

Dan BlystoneBroker Analyst

Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.

Why you can trust FX Empire

At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.

Why you can trust FX Empire

FXEmpire was founded in 2011, making us one of the first forex broker review sites. You can trust FXEmpire because of our thorough and unbiased review process. With over a decade of experience, we have a team of industry experts who conduct rigorous tests to ensure our reviews are accurate and unbiased. Our reviews are designed to bring clarity and confidence to the process of choosing a broker, and are based on objective criteria and measurable data. Our editorial team is composed of trading industry professionals and seasoned financial journalists, who ensure that our reviews are accurate and unbiased. Additionally, our review system is based on 9 core categories and over 250 distinct variables, which ensures that all aspects of a broker are considered before giving a final rating. So, you can trust FXEmpire to provide you with honest and informative reviews that will help you make an informed decision on which broker will best enable you to reach your financial goals.