What is the very first thing ever that you have to do on the way to becoming a successful forex trader? Make a guess. It comes before any other aspects of trading such as technical or fundamental analysis, trading psychology, discipline, etc… The first thing you have to do is to log into a trading platform (MetaTrader or ctrader) with your account number and password in order to be able to start trading.
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MetaTrader is the King
A super majority of investors are introduced to forex trading with MetaTrader. MetaTrader is the most common trading platform and almost all of the forex brokers offer this particular platform for their clients. Some brokers try to distinguish themselves by offering their own genuine trading software however no doubt that MetaTrader is the king of forex trading platform world and has the biggest share by far. Perhaps the biggest competition to MT comes from cTrader, though the scale of it is very questionable.
What Is cTrader?
For almost 10 years, there was no other third party trading software application other than MetaTrader until cTrader appeared in 2010. Some forex brokers started to offer cTrader in addition to Metatrader for their clients’s use however cTrader’s use is still very fractional compared to MetaTrader.
MetaTrader vs cTrader
Advantages of MetaTrader
One of the biggest advantages of MetaTrader over cTrader is its seniority. MetaTrader was first released in 2001 while cTrader came to the market in 2010. This makes MetaTrader is a way better established and accepted platform compared to cTrader.
The other big advantage comes in the form of a bigger range of trading indicators and expert advisors compatible with MetaTrader. There are hundreds if not thousands of technical indicators and scripts could be easily loaded into MetaTrader and utilized by traders while this important feature is very limited for cTrader.
Advantages and Disadvantages of cTrader
cTrader allows programmers to develop technical indicators, expert advisors and scripts using C#. On the other hand, most of the programmers in retail forex trading have got used to programming language of MetaTrader which is MQL4. Therefore, if you ever would like to hire a freelance programmer in order to develop your own customized indicator or forex system, it is much more convenient and easier with MetaTrader.
Another disadvantage of cTrader is the speed. The software feels heavy with a slower execution time and thus with a higher possibility of slippage. This is particularly too bad for forex traders who likes scalping and chase sharp moves following important economic releases.
A Final Word
After all that was said, you probably have guessed which platform I am trading with. cTrader was a good try to bring competition to trading platform universe however nothing about cTrader encourages me to give up on my long lasted loyalty to MetaTrader and switch to cTrader. However, if you would like to see how it does and give it a shoot, here are the some forex brokers that offer cTrader platform;
Forex Brokers That Offer cTrader Platform
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It’s a very advantageous platform.
I find this platform very advantageous. Compared to many traditional platforms I tried before such as Metatraders, I can say that its layout is more rationally organized. I mean the accessibility of assets and charts. Here I need to click on the required asset in the list to the left and a corresponding chart appears in the central working field. It’s very suitable.
Secondly, I appreciate the news section. It’s also rationally organized. It reflects not only news related to traditional assets but also crypto news shown in a separate tab.
That’s a very functional platform for me. Earlier I thought that there’s no more functional platform than Metatrader. I don’t want to say that Metatrader is a bad product. It’s still a perfect trading solution, but the developer of Metatrader is too conservative. That’s what I understood once I got familiar with cTrader.
I don’t need extraordinary visual improvements. Changes should be made in the way trades are managed and I saw it in cTrader. With one click you can reverse your trade, changing sell on buy or verse verse if required. It tested this feature and it was really helpful.
Where can I find the depth of the market feature?
Please see the screenshot below for your inquiry
cTrader platform is offered by many brokers. I tried it not so long ago, and I can say that I have found many useful features, especially compared to competitors. Trading from charts is a well-organised environment as everything is in the right place visually. I can even see the history of my trades right in the charts with no relation to the selected timeframe. Several additional features are great as well:
coding strategies is easy;
market research without leaving the platform;
one-click trading;
advanced protection;
additional types of postponed orders;
smart trailing stop.
Can I use the cTrader API to connect with other trading platforms?
Agree with your points. MetaTrader is being accepted as industry standard trading platform however cTrader too has a lot to offer to forex traders. As for your question, as far as I know it is not possible to connect to other trading platforms using cTrader API. But you should consult with your broker to get the clear answer.
I cannot say about other trading platforms. To be honest, I don’t see the point in this, but if you are asking about the API, here’s what I want to tell you: cTrader has its own API called the Automate API. Using the C # language, you can use this API to access a wide variety of functions..
I still have no idea why people want to use ctrader while a great platform MetaTrader exists. For low spread? Open account with ECN. You will get very good spreads
C trader is modernized and still the best trading platform for scalpers and professionals
Which one is your favourite one? MT or Ctrader?
MetaTrader by far… I have used Ctrader briefly.
I love Cctrader to the call I’m used to it.. It gives the best option fast and sharp to navigate both on mobile and PC
Ita the best to scalp