The cTrader platform is a popular trading platform used by traders worldwide, but at the moment, as you are probably aware, it is still not quite as popular as MT4. When it comes to cTrader vs MT4, the choice has a lot to do with what you as a trader need from your trading platform.
If you are currently using MT4, you may find that switching to a new platform is not worth the trouble. If, however, you are just starting trading, the cTrader vs MetaTrader debate is probably of interest to you. Both platforms have pros and cons, which we’ll look closely at in this article.
Remember that cTrader is only available at certain brokers, so if you’re sure that this is the trading platform you want to use, make sure the brokers you’re considering offer the platform. Check out our table of some of the best cTrader forex brokers below.
The Best CTrader Forex Brokers
| Broker | Features | Min Deposit | EURUSD Spread | ||
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 Your capital is at risk
US Clients: No Regulated : Yes
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– Flexible leverage up to 500:1 |
$200 | From 0.1 | ||
 Between 74-89 % of retail investor accounts lose money when trading CFDs
US Clients: No Regulated : Yes
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$200 | NDD 0.09 / Standard 0.69 |
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Up
Between 74-89 % of retail investor accounts lose money when trading CFDs
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 Your capital is at risk
US Clients: No Regulated : Yes
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– АSIC, CySEC Regulated |
$100 | From 0.0 pips | ||
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The Benefits of Using CTrader
cTrader is a professional platform used by a variety of traders. It was launched in 2011 and is owned by a European fintech firm, Spotware Systems, based in Cyprus. Here are just a few of the advantages of CTrader.
- cTrader offers advanced charting, with responsive charts offering different times. The platform provides a total of more than 70 built-in indicators.
- cTrader Copy is a built-in copy trading facility, easily accessible within the cTrader platform. It allows for easy copy trading, including the ability to have separate copying accounts and advanced analytics.
- cTrader provides a comprehensive overview of market depth, offering an assessment of Standard depth, Price depth, and VWAP depth, allowing traders to monitor market liquidity for different price points closely.
- cTrader Automate allows traders to build automated trading robots and custom indicators easily.
- cTrader Analyze provides a range of important performance analytics that traders can use to assess and adapt their trading strategies, including a Performance Summary and statistics on performance, volume and trading.
- cTrader can be used for desktop and mobile and via a web browser. It is fully compatible with most devices, including both iOS and Android mobile devices.
The Drawbacks of using CTrader
As with any platform, there are a few disadvantages when using cTrader, which may or may not be important to you, depending on your trading strategies.
- Although the platform allows for automated trading, it does not have the same capabilities as MT4 regarding automation and customisation.
- MT4 users sometimes complain that cTrader is more complicated, although those changing from cTrader to MT4 claim the same. Suffice to say that the two platforms are different enough that if you’re already used to one, you will not find the transition to the other an easy process.
- You will generally find there are fewer educational resources and tutorials for cTrader than MT4 and less users overall, so there are fewer traders to turn to for solutions in the forums when you are having problems.
Conclusion
When it comes to the MT4 vs cTrader debate, it is a matter of personal preference. Both are excellent platforms, and while some would argue that cTrader has better charting tools and MT4 has better automation, the truth is they both provide a decent level of charting and automation tools, along with many other advantages. Ultimately the platform that works best for you and does what you need it to as a forex trader is the best platform for your purposes.