Now you are reading
Best Forex Broker cTrader – 2024 List

Best Forex Broker cTrader – 2024 List

created Forex ClubJuly 1 2023

The cTrader platform is a valued application by many Forex traders. A huge number of functions, friendly interface and speed of operation are its main, indisputable advantages that allowed it to gain ground on the FX platform market and thus reduce MetaTrader's dominance. Therefore, more and more brokers are introducing it to their offer. If you are looking for the best trading conditions and wondering what is the best Forex brokers cTrader, then check out the list below.

cTrader – strong competition for MT5

The cTrader application debuted on the market in 2011. Its author is the Cypriot company Spotware, which from the very beginning decided to break certain patterns by offering many things as standard, and not using additional plug-ins and tools, as MetaTrader has accustomed us to. Although the first versions of the platform were quite basic, the current version is a real trading combine. Over the last few years, developers have been bombarding us with updates and constantly introducing new products, wanting to meet the increasingly demanding expectations of traders. And it must be admitted that they succeed in it very well.

CHECK: Review of the cTrader transaction platform

cTrader is famous for its reliability and speed. This makes it perfect for scalping and day trading. It allows you to quickly reverse or enlarge positions, close them quickly and much, much more. It only takes a few moments to familiarize yourself with the platform's interface. There is also a noticeable tendency that after switching from MT4/5 to cTrader, traders often do not even think about returning to the old platform. I guess that says it all.

The best Forex broker with cTrader

Despite this, the cTrader platform is still in the shadow of MetaTrader and it is harder to find a broker that offers it. Nevertheless, there are several brokers with a very established position on the market who offer cTrader. . When preparing the following list, we were guided primarily by the following parameters: very good order execution, low spreads and commissions and very good customer reviews.

For the purposes of this article, however, we will assume a set of elements that every recommendable broker simply must have, i.e.:

  • european license,
  • low initial deposit,
  • low minimum volume,
  • at least 100 instruments on offer.

Typically, brokers offering trading on the cTrader platform ensure execution of orders in the conflict-free STP, ECN or DMA model, which further attracts the attention of short-term traders while offering them very low transaction costs. In our opinion, three offers that look exceptionally good compared to the competition deserve to be distinguished - they are: Purple Trading, IC Trading and FP Markets.

The best cTrader broker – 2024 list

purple-trading IC-trading fpmarkets vps logo
Country Cyprus Australia, Mauritius, Cyprus Cyprus, Australia, Seychelles, St. Vincent and the Grenadines, South Africa, Mauritius
Min. Deposit EUR 100 / PLN 400 200$ USD 100 / PLN 400
The model of order fulfillment STP, ECN STP/ECN DMA
Leverage 1:30 1:30 - 1:500 1:30 - 1:500
Spread EUR / USD * from 0,6 pips from 0,0 pips from 0,0 pips
Commission with Forex Club discount from USD 5 to USD 8 for 1 USD lot $5,5 per lot 4,5 for 1 lot
Discount of the Forex Club commission from -20% to -38% -21% up to -30%

*Average spread value

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. From 68% to 89% of retail investor accounts record monetary losses as a result of trading CFDs. Think about whether you understand how CFDs work and whether you can afford the high risk of losing your money.

Purple Trading

Purple Trading is a Cypriot broker with Czech roots. Thanks to numerous educational projects, this brand has become recognizable in Poland. Execution of orders in the conflict-free STP model and low spreads have attracted the attention of short-term traders, especially those with larger deposits, thanks to which they receive even lower commissions. Account holders in Purple Trading through Forex Club, they automatically receive more favorable trading conditions with reduced costs by up to -38% – details.

IC Trading

IC Trading is one of the largest retail brokers in the world. The company originating from Australia currently has branches in Cyprus and Mauritius. The phenomenon of this broker results from two things: a comprehensive offer and very high quality of global services. IC Trading provides access to the most important instruments and offers very favorable spreads and commissions. Account holders in IC Trading through Forex Club automatically receive a reduced commission by -21% – details.

FP Markets

FP Markets is an international Forex broker from Australia. The company is regulated in 6 countries and has a large number of satisfied customers around the world. An established position on the market, combined with a conflict-free DMA order execution model, as well as a wide range of platforms (MT4, MT5, cTrader, Trading View), make it a comprehensive choice that can meet the needs of most traders. Account holders in FP Markets through Forex Club automatically receive a reduced commission to -30% – details.

What do you think?
I like it
Heh ...
I do not like
About the Author
Forex Club
Forex Club is one of the largest and oldest Polish investment portals - forex and trading tools. It is an original project launched in 2008 and a recognizable brand focused on the currency market.