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FxPro cTrader ECN Forex trading platform review

Jun 24 2011
I just tested the cTrader ECN forex trading platform, offered by FxPro.
As whole my impressions are more than positive.
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.
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. 
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 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. 
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 

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