Best cTrader Forex Brokers 2021

Last Update: Oct 18, 2021 03:47 PM GMT

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The following article is an informative analysis of the cTrader ECN platform. We have conducted extensive research into the cTrader forex brokers to come up with a list of the most reliable of them. Our research is created from our in depth analysis into the available brokers and from feedback from our users.

cTrader Forex Brokers Table

Pro Tip: Most of these brokers offer free demo accounts so you can test the brokers and their platforms with virtual money. Give it a try with some play money before using your own cash.

Here’s a list of The Best cTrader Forex Brokers

IC Markets
What is cTrader?

Note: Not all Forex brokers accept US clients. For your convenience we specified those that accept US Forex traders as clients.

IC Markets

Regulated By:ASIC, CySEC, FSA(SC)

Foundation Year:2007

Headquarters:Australia

Min Deposit:$200

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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.

IC Markets Review

IC Markets was founded in Sydney, Australia in 2007 and is regulated by the Australian Securities and Investments Commission (ASIC), as well as the Seychelles Financial Services Authority (FSA). According to the broker’s website, they processed $646 billion worth of trading volume in April 2019 alone.

While the broker offers services and features designed for both beginner and professional traders, the company promote themselves as the ‘go to’ choice for high volume traders, scalpers and trading algos due to their New York Equinix NY4 data centre – processing over 500,000 trades per day.

Pros:	Cons:
True ECN broker with institutional grade liquidity. MetaTrader and cTrader available on desktop, web and mobile. Wide range of tradable products with 24/7 customer support. Impressive library of educational material and videos.	Beginner traders may be overwhelmed by the choice of markets and platforms.

What is cTrader?

The trading platform known as “cTrader”, is an innovative electronic communications Network, primarily used by forex and metal traders. The trading platform is known for it’s lightning fast trade execution and intuitive design. It’s very popular among leading ECN brokers, which connect traders with global banks, thus providing a live and transparent trading environment. The powerful platform offers its users a great deal of customization and charting abilities to satisfy individual traders needs. It offers a number of highly effective features which allows traders to connect with each other, partake in manual and automatic trading, and supports a variety of trading styles. With cTraders clean and attractive design, it attracts traders of all levels giving the simplicity or complexity they desire to partake in trading.

Pros and Cons of cTrader

There are several electronic trading platforms out there with different features, functionality, interfaces, and various other parameters. So, what are the aspects of cTrader that set it apart from the rest, both good and bad? Below are the advantages and disadvantages cTrader has too offer.

Pros:

Very impressive charting options with a great deal of customization available, allowing for sophisticated technical analysis.
Lightning fast speeds allowing quick execution for opening and closing trades.
Implements a no dealing desk system, allowing users to trade against the market without any intervention.
Offers three different types of depth of market, making it a pioneer among competitors.
A large array of trading instruments with easy maneuverability and access of use
More than 50 indicators available, and the ability to create your own.
Impressive software in terms of speed and execution.
Clean and intuitive interface.

Cons:

Unfortunately, the platform is lacking some smaller functions that other platforms might have. For example, the trading tools and automated strategies are limited
As intuitive and clean as the design is, it still might be too complex for a beginner with the large amount of features it provides.

Why should I choose a cTrader forex broker?

There are many benefits to choosing a cTrader broker. For example, forex brokers who choose the cTrader platform, do so because of the efficient execution of trades and for charting purposes. Another main advantage of choosing these brokers is the elimination of dealing desk intervention.

How to choose a cTrader broker?

When choosing a forex broker there are many things to look in to. Such as, regulation, customer service, currency pairs, accounts, fees, etc. All this is necessary to investigate when choosing a cTrader forex broker as well, but some things to look out for, pertaining specifically to cTrader brokers are:

Experience and commitment to making online forex trading accessible and transparent.
Ease of access to information and data charts.

Conclusion

As far as ECN platforms go, cTrader holds their own among the top platforms out there. The ease of use and level of complexity attracts traders of all levels. Also there is a healthy amount of cTrader forex brokers to choose from which offer many benefits to their clients. So which is the best for you? Use our list below as a resource of the very best cTrader brokers.