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FxPro cTrader ECN Forex trading platform review

I just tested the cTrader ECN forex trading platform, offered by FxPro.
As whole my impressions are more than positive.
 
Charts
 
cTrader charts look the same as those of Metatrader 4. Green bars on a black background.
 
Unlike Metatrader on cTrader charts you can choose to see bid price, ask price or bid and ask price.
 
Also cTrader offers many more time frames than Metatrader – you can analyze the market on 1m, 2m, 3m, 4 m, 5m, 10m, 15m, 30 m, 1h, 4h, 12h, daily, weekly and monthly chart.
 
Tools for drawing trend lines are placed on the right side.  It’s very easy to draw support and resistance lines, trend lines, channels and Fibonacci levels. 
 
cTrader offers more than 30 technical indicators,  divided into 4 groups: Trend, Oscillator, Volatility, Others. Some of these indicators  are missing in Metatrader.
 
Dealing 
 
cTrader offers very  handy one click dealing.  You will love it, especially if you are a scalper.
 
If you are afraid that you may deal inadvertently, don’t worry  - the one click dealing option can be turned off at any time. 
 
Another feature offered by cTrader is the market depth window.   You see what volumes are standing at bid and ask at every single moment.
 
cTrader is ECN platform and there are no restrictions in respect of stop and limit orders placement.  You can put them at less than one pip away from the market. Just click on the Buy Limit / Sell Limit button and select your level. 
 
Quotes 
  
cTrader offers very precise quotes.
 
When testing a new broker, I always compare his quotes with those of Saxo Bank.  cTrader quotes not only don’t lag, but even are  faster.
 
Spread 
 
Spread is about  1 pip most of the time. It widen up for a couple of seconds during news releases, and ranged around 1.5-1.8 pips during the Asian session.
 
Commission is just $ 3 per standard (100k) lot. 
 
Exectuion
 
If you choose to trade with cTrader, you will forget about re-quoting. Each transaction is executed at the first possible price.
 
During volatile market slippage (0.1-0.3 pips) occurs. It may work to your disadvantage as well as in your favor. Everything is fair and depends on the market and not on the broker. Really.
 
Bottom line
 
cTrader is a platform with a great design and features. It allows you to trade in ECN environment and forget about dirty tricks of the market makers.
 
 
 
TAGS: ctrader  ecn forex  ecn forex platform  ctrader forex  ctrader ecn 

More news about FxPro

Broker Country Regulation Platform Min Deposit Review
US CFTC, NFA MT4, Web,
in-house
$50 Review Website
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Cyprus, Australia CySec, ASIC MT4, Web,
Mobile app
$100 Review Website
UK, Cyprus, Hong Kong FCA, CySEC, SFC MT4, Web,
PrimeTrader
$100 Review Website
UK, Cyprus, Australia FCA, CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia FCA, ASIC MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, South Africa CySec, FSCA, FSC MT4, MT5, Web $5 Review Website
UK, Singapore, Australia FCA, MAS, ASIC MT4, AT Pro,
Advantage Web
£100 Review Website
Seychelles FinaCom MT4, Web $10 Review Website

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