You better know that different brokers are using different kinds of Forex trading systems so if you ever hear such thing like cTrader Forex brokers, it refers to the Forex brokers using the cTrader Brokers platform. This platform is basically using the ECN style. The implementation is made by traders to make orders and then send them towards the liquidity providers. The options are given to the traders to choose different price ranges provided by the providers. The whole process will get through the dealing department of the broker who provides the service.
The trading platform is quite innovative, so the number of Forex brokers who have used the implemented system for their own benefits are not much. With the improved ECN platform, the system will take some time to get adjusted.
What is ECN in trading?
The ECN trading style is generally well-known as the DMA (Direct Marketing Access). It also refers to STP (Straight Through Processing) that will carry out the traders’ orders. Spotware Systems Ltd. are the one to create and market this software.
The major benefit of this platform is actually that there are some different platform editions. The web-based is absolutely different from the mobile edition, which is used for tablets or mobile devices. The web-based platform uses the username and password through the URL.
There is also the purported cAlgo, which is used by the programmers and traders by using codes. This system can be incorporated with the standard cTrader platform and it bring into play expert algorithms, indicator, and also expert advisors.
Another exciting thing about the system is that a demo platform is available for each of the platforms. By this, traders can get to know the platforms well. Also, they know how to run it before using it for real application and execution. Since the cAlgo and cTrader are connected, you should be able to see the cAlgo tabs on cTrader interface and cTrader tabs on cAlgo interface.
Top cTrader Forex Brokers List
Here’s the list of Top Ten Forex Brokers in 2019:
1. Pepperstone cTrader
Pepperstone is one of the biggest and most trusted forex brokers in Australia. By offering both the cTrader and MetaTrader 4 (MT4) platforms, your trading style or strategy doesn’t matter, we assure that their trading platform is the one that fits your needs.
2. FxPro cTrader
FxPro was founded in 2006 and was voted the UK’s most trusted Forex brand by Global Brands Magazine in 2017. FxPro is the Wide Betting market and CFD broker in the UK. Now in 2019 FxPro is operating in 173 countries and has more than 870,000 client accounts and €100 million of Tier 1 capital. They are standardized by the FCA, CySEC, FSCA, DFSA, and SCB.
3. IC Markets cTrader
International Capital Markets, known as IC Markets. IC Markets was founded in Sydney, Australia in 2007 and is regulated ECN broker by the Australian Securities and Investments Commission (ASIC), as well as the Seychelles Financial Services Authority (FSA). According to news, IC deals in $646 billion value of trading volume in April 2019 alone.
4. Fibogroup cTrader FIBO (Financial Iernet Brokerage Online) Group was founded in 1998 and is a Forex and CFD broker headquartered in the British Virgin Islands, and regulated in Cyprus under CySEC.
5. RoboForex cTrader
The RoboForex is located in Belize and was founded in 2009. They also offer cutting edge platforms. RoboForex owns over 800,000 clients from 169 countries. RoboForex is both a dealing desk and Non-Dealing Desk broker proposing ECN and STP trading accounts through their platforms.
6. OctaFx cTrader
OctaFX was founded in 2011 and is regulated by Forex ECN trading and CFD trading, across the MetaTrader and cTrader platforms for Desktop Version, Web (includes Windows and Mac) and Mobile Version(Android and iOS), with their own OctaFX Trading App.
7. FxPig cTrader
FXPIG was founded in 2009 and deals in the most popular trading platforms, MT 4 and cTrader. FxPig trades in over 40 currency pairs and other worthy metals. FXPIG is the Forex trader of Prime Intermarket Group Asia Pacific Ltd., a company recently licensed in Vanuatu.
8. Kawase cTrader
Kawase was founded in 2011 and headquartered in Limassol, Cyprus and is regulated by CySEC. It is also registered with 25 EU regulators and is governed by MiFID. The company has over 120 employees and is an Official Partner of the Kawase Sailing Team, The Red Cross and Unicef.
9. Tradeview Forex cTrader
Tradeview was founded in 2004 which deals CFD markets and global Trade Markets. Tradeview is owned and operated by Tradeview Ltd. Tradeview head offices located in Bogota- Colombia, Lima- Peru, Monterrey, Mexico, and Watford-UK.
10. Equiti Capital cTrader
Equiti Group Ltd is the parent company of some of the most progressive FX and CFD brands and prime brokerage providers in the industry. With over 150 global staff and 24×6 customer service, Equiti provides clients with access to individual, corporate and institutional brokerage services across various affiliates and subsidiaries.