cTrader is an easy-to-use trading platform with advanced features like fast order execution and customizable coding. It was created by Spotware to be simple enough for beginners and complex enough for experienced traders.
Traders can use advanced order types and get better insights into their trades with cTrader. Although cTrader is relatively new to the trading platform scene, it has already attracted a loyal user base.
Features of cTrader
The following are a few features of cTrader:
1. Fast Entry and Execution
As a trader, the success of your trade relies on the speed and quality of your trade executions. Rest assured that cTrader fills orders within milliseconds. This platform also supports simultaneous order processing, allowing multiple orders to be executed at once without any delays.
2. Level II Pricing
cTrader shows you all the available prices from liquidity providers. Your orders are matched with the entire order book using the Volume Weighted Average Price (VWAP) for accurate and efficient trade execution.
3. Choice of Trigger Methods
cTrader offers flexible trigger options for pending orders and stop-loss settings. You can choose to trigger based on the opposite side price, the second consecutive price, or even the second consecutive opposite price, helping to safeguard against inaccurate pricing.
4. Advanced Order Protection
With cTrader, you have access to advanced tools to manage your trades. You can set advanced take profit levels to scale out of positions at different stages, adjust your stop loss to break even, and use server trailing stops to lock in profits as your position becomes more favorable.
5. Stop-Out Types
cTrader offers two types of stop-outs. The Smart Stop-Out is designed to maximize your chances of recovery if your margin drops below the stop-out level. Instead of closing your positions entirely, it partially closes the position with the largest margin, allowing you to maintain your entry point and protect your margin, positions, and balance.
Conversely, the Fair Stop-Out approach closes the position with the largest margin completely, rather than targeting the most unprofitable one. This method aims to free up as much margin as possible to safeguard your remaining positions.
6. Quick Trade
Quick Trade is a helping feature that allows you to open, close, and adjust orders by easily clicking one or two times from anywhere on the platform. This allows traders to quickly respond to rapidly changing market conditions.
Benefits of cTrader
cTrader comes with the following benefits:
- Ideal for beginners exploring the world of forex trading.
- It was created to mimic a professional trading setting, including market depth.
- Manage order executions in your trading accounts with cTrader’s sophisticated features.
- It enhanced risk management and order handling capabilities.
- Supports coding in C# and provides an open API.
- Streamlined processing for expert advisors and indicators.
- You advance charting tools to help you analyze market trends and make smart trading decisions.
- Extensive platform customization with cTrader Automate (formerly cAlgo).
For whom is cTrader designed?
Spotware designed cTrader in such a way that it makes a perfect balance between simplicity and advanced features. Due to this, it become a suitable option for both beginners and experienced traders in the CFD and Forex markets.
Which Languages are supported by cTrader?
The cTrader platform can be accessed in numerous languages such as English, Russian, French, Spanish, Portuguese, Polish, Japanese, Korean, Chinese, Italian, Greek, Turkish, Hungarian, and German.
How can you learn the Basics of cTrader?
cTrader has a complete collection of videos in the library right within the platform. You can find it under the Help menu in the top left corner. These videos can easily teach you all the basics of using the platform.
How can cTrader complement your risk management strategy?
cTrader simplifies trading by providing a preview of your pip value and margin amount before you execute a trade, which helps in better comprehension of your decisions.
The advanced Analyze tab provides an overall overview of your account’s performance. Here, you can track various metrics, including:
- Total profit/loss
- Market exposure
- Current volume held
Conclusion
In short, cTrader is a flexible trading platform made for traders at any skill level. It offers many features and tools to improve your trading experience. To trade successfully on cTrader, you need to become familiar with the platform’s interface, customize your settings, make use of advanced features, and manage risk effectively.