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EditorEditor: Alison HeyerdahlUpdated: Dec 7, 2023

Last Updated On Dec 7, 2023

Jeffrey Cammack

First introduced in 2011, the cTrader platform has become popular enough to rival other platforms like MT4 and MT5 thanks to a contemporary layout, advanced order protection, depth of market indicator, advanced charting and timeframe options. While MT4 and MT5 are well supported by market maker brokers, cTrader is only supported by ECN brokers, and as ECN execution becomes more popular with the trading community, cTrader is seeing increased demand.

To test these brokers, we applied for a live trading account, downloaded and installed cTrader and cTrader mobile, and tested unique functionalities and trading flows. Besides testing highlights unique to cTrader like the built-in copy trading feature, we reviewed trading execution speeds, the range of instruments available, and the trading costs a client should expect. These are the best cTrader brokers for 2024, according to our testing and our research.

1

FxPro

Best cTrader Execution

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2

IC Markets

Best cTrader Broker for Beginners

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3

Skilling

Most Innovative cTrader Broker

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4

FP Markets

Best cTrader Broker

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5

Fusion Markets

Low-cost Accounts, No Minimum Deposits, and Great Market Analysis

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These are the best cTrader brokers for 2024.

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Broker
Broker Score
Official Site
Min. Deposit
Max. Leverage
cTrader
Beginner Friendly
Cost of Trading
EUR/USD - Standard Spread
EUR/USD - Raw Spread
Regulated By
Total CFDs
Currency Pairs
Website Language: English
Support Language: English
Compare
FxPro
4.39 /5
Read Review
Visit Broker >
71.58% of retail CFD accounts lose money
USD 100200:1 ExcellentUSD 141.40 pips0.40 pipsCySEC Regulated BrokersFinancial Services Conduct Authority224170
IC Markets
4.56 /5
Read Review
Visit Broker >
70.81% of retail CFD accounts lose money
USD 20030:1 ExcellentUSD 80.10 pips0.02 pipsCySEC Regulated BrokersASIC Regulated BrokersThe Seychelles Financial Services AuthoritySecurities Commission of the Bahamas174464
Skilling
4.37 /5
Read Review
Visit Broker >
71% of retail CFD accounts lose money
EUR 100500:1 ExcellentUSD 70.70 pips0.40 pipsCySEC Regulated BrokersThe Seychelles Financial Services Authority90573
FP Markets
4.40 /5
Read Review
Visit Broker >
79% of retail CFD accounts lose money
AUD 10030:1 ExcellentUSD 70.10 pips0.10 pipsASIC Regulated BrokersCySEC Regulated BrokersFinancial Services Conduct AuthorityCapital Markets AuthorityThe Seychelles Financial Services Authority1016270
Fusion Markets
4.33 /5
Read Review
Visit Broker >
89% of retail CFD accounts lose money
USD 0500:1 ExcellentUSD 4.500 pips0 pipsASIC Regulated BrokersVanuatuThe Seychelles Financial Services Authority25285

How to compare cTrader brokers

Traders looking specifically for a broker that supports cTrader will be looking for a modern platform that goes beyond the MetaTrader product line. cTrader has many advantages over other trading platforms, and although only a few brokers support it, there is still a good selection of reputable brokers to choose from. When comparing cTrader brokers, consider:

Trading costs: Since cTrader only operates with direct market access brokers (ECNs), trading costs will almost always be a combination of the spread cost and the commission per lot. We estimate the trading cost by calculating the cost of trading 1 lot of EURUSD with the smallest account available, including both spread and commission. This figure will give a trader insight into the costs charged.

Trade execution speed: cTrader can open and close positions very quickly, but the broker’s technological infrastructure will also play a big role. If a trader is interested in scalping, where trades are opened and closed very quickly in highly volatile markets, then trade execution speed needs to be as fast as possible. 

Regulation: Regulation ensures the security of your funds. While some cTrader brokers are well-known industry brands – like FxPro, IC Markets and Pepperstone – others are either unregulated or offer very weak regulation that does not provide adequate trader protection. Always check that your broker is regulated sufficiently as a part of the comparison process.


FxPro – Best cTrader Execution

Broker Score
4.394.39 / 5
🏦  Min. DepositUSD 100
🛡️  Regulated By
💵  Trading Cost 
USD 14
⚖️  Max. Leverage200:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 

FxPro is a respected CFD broker offering market execution on its cTrader account (as well as NDD execution on MT4, MT5 and its own browser-based trading platform) on a range of assets. The cTrader account offers a 100 USD minimum deposit and tight spreads on 70+ Forex pairs, indices, metals, and energies. Variable spreads on the EUR/USD average about 0.30 pips and a commission of 4.50 USD is charged (9 USD round turn). Most trades are executed in less than 10 milliseconds and only 9% of orders received negative slippage. 

The cTrader account at FxPro offers no requotes and will allow for partial fills for orders that lack liquidity. FxPro offers a range of technical analysis indicators from Trading Central for cTrader as well as a free VPS service, alongside the pre-existing cTrader Automate and API features native to the platform. 

Pros
  • Well regulated
  • Great platform choice
  • Tight spreads
Cons
  • Limited education
AlertAccepts Indian Clients. Average spread EUR/USD 1.40 pips on trading account with lowest minimum deposit. Max leverage 200:1. Islamic account available. MT4, MT5, cTrader and FxPro proprietary trading platform supported. FxPro Group is regulated by FCA, CySEC, FSCA, and the DFSA

IC Markets – Best cTrader Broker for Beginners

Broker Score
4.564.56 / 5
🏦  Min. DepositUSD 200
🛡️  Regulated By
💵  Trading Cost 
USD 8
⚖️  Max. Leverage30:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 

An Australian CFD broker with market execution accounts on MT4, MT5 and cTrader, IC Markets is rare amongst cTrader brokers as it provides a good environment for traders who are just starting out. IC Markets offers in-depth structured course material, detailed independent market analysis, and expert-led webinars. IC Markets also provides excellent 24/7 technical support cTrader.

cTrader users will be interested in IC Markets cTrader Raw Spread Account. This account offers some of the highest spreads of all Forex brokers globally, with the average spread on EUR/USD at 0.1 pips. The IC Markets cTrader server has on average under 1ms latency to major VPS providers either collocated in the LD5 IBX data centre or through dedicated lines to nearby data centres. This low latency is ideal for automated and High-Frequency Trading and scalping. In addition, IC Markets sources prices from 25 different liquidity providers, ensuring low spreads around the clock.

Pros
  • Well regulated
  • Tight spreads
  • Wide range of assets
  • Great platform choice
Cons
  • High minimum deposit
  • Limited market analysis
AlertAccepts Indian Clients. Average spread EUR/USD 0.10 pips with 7 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4, MT5 & cTrader platforms supported. IC Markets is regulated by CySEC, ASIC, and the FSA.

Skilling – Most Innovative cTrader Broker

Broker Score
4.374.37 / 5
🏦  Min. DepositEUR 100
🛡️  Regulated By
💵  Trading Cost 
USD 7
⚖️  Max. Leverage500:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 

Founded in 2018, Skilling is a CFD broker offering excellent trading conditions on Forex, crypto, indices, commodities and over 700 equities. With two simple account types, Skilling supports cTrader and its own trading platform which integrates directly with cTrader – an industry first. This seamless integration with the Skilling Trader platform can be achieved from a single account, and offers cTrader users an alternative platform on mobile and via browser. 

Compared to other market makers, Skilling offers tight spreads – starting at 0.7 pips on its commission-free Standard Account. The Premium Account offers spreads averaging 0.2 pips on the EUR/USD and a commission of 3.5 USD per lot (7 USD round turn) which is the industry average. In addition, Skilling has some of the fastest execution speeds found at a cTrader broker, 0.05 seconds on average.

Pros
  • Copy trading accounts
  • Tight spreads
  • Great platform choice
Cons
  • No swap-free account option
  • Limited education
AlertAccepts Indian Clients. Average spread EUR/USD 0.70 pips on the trading account with lowest minimum deposit. Max leverage 500:1. MT4, Skilling, and cTrader platforms supported. Skilling is regulated by CySEC, the FCA, and the FSA-Seychelles.

FP Markets – Best cTrader Broker

Broker Score
4.404.40 / 5
🏦  Min. DepositAUD 100
🛡️  Regulated By
💵  Trading Cost 
USD 7
⚖️  Max. Leverage30:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 

A popular broker among Indian traders, FP Markets offers the cTrader platform on two simple accounts. The commission-free Standard Account has a minimum deposit requirement of 100 AUD (or equivalent) and a spread that starts at 1.0 pip (EUR/USD).

Its Raw Account, also with a minimum deposit of 100 AUD (or equivalent), has a spread that starts at 0 pips in exchange for a commission of 6 USD. These are some of the lowest trading costs in the industry.

FP Markets trading tools comprise VPS services, a Trader’s Toolbox for MT4 and MT5, Autochartist and Trading Central, one of the industry’s most powerful analysis tools. It also provides award-winning customer support available 24/7 via live chat, telephone, and email in seven languages.

Pros
  • Trusted since 2005 with top-tier regulation
  • 100 USD minimum deposit amount
  • Supports MT4 MT5 cTrader and TradingView
  • Spreads start at 1.0 pip and narrow to 0 pips with higher trading volumes
  • Welcoming South African traders with specific regulatory compliance
Cons
  • Notably higher withdrawal fees than competitors
  • Stock CFDs are Limited on MT4/MT5 and primarily available through IRESS
  • High leverage up to 500:1
  • posing risks for inexperienced traders
AlertAccepts Indian Clients. Average spread EUR/USD 0.10 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4, MT5 & IRESS platforms supported. FP Markets is regulated by CySEC and ASIC.

Fusion Markets – Low-cost Accounts, No Minimum Deposits, and Great Market Analysis

Broker Score
4.334.33 / 5
🏦  Min. DepositUSD 0
🛡️  Regulated By
💵  Trading Cost 
USD 4.50
⚖️  Max. Leverage500:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 

Founded in 2017, Fusion Markets is now one of a handful of brokers that offers the cTrader trading platform. Headquartered in Australia and ASIC-regulated, it offers two simple, low-cost accounts, neither of which has a minimum deposit requirement.

The commission-free Classic Account has a spread that starts at 0.8 pips (EUR/USD), while its Raw Account has a spread that starts at 0 pips in exchange for a commission of 4.5 USD. These are some of the lowest trading costs in the industry.

Fusion Markets also offers an excellent range of trading tools, including free VPS services and copy trading, and a broad range of market analysis materials.  

Pros
  • Low minimum deposits
  • Tight spreads
  • Excellent market analysis
Cons
  • No in-house platform
  • No education
AlertAccepts Indian Clients. Average spread EUR/USD 0 pips with 0 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 500:1. Islamic account available. MT4, MT5, cTrader platforms supported. Fusion Markets is regulated by ASIC, FSA (Seychelles), & VFSC.

What is cTrader?

cTrader is an institutional-grade trading platform used by a select set of leading Forex brokers.  Launched in 2011 exclusively by FxPro, this beginner friendly software offers high-speed execution with a cleaner user interface than competing Metatrader software.

A little-known fact: 35% more cTrader users are profitable compared to the industry average. This surprising statistic comes from Spotware’s internal calculations and highlights why cTrader has become MetaTrader’s main competitor. But what is it about cTrader that makes traders more profitable?

  • ECN Only: Unlike MetaTrader and most other broker-owned platforms, cTrader only functions as an ECN (Electronic Communication Network) platform. This means that it will only connect traders direct to the global Forex market and won’t allow for any dealing desk intervention, whether automated or not.
  • No broker intervention: cTrader is ECN only because Spotware themselves manages all the infrastructure behind cTrader and the interface you download from your broker, is just that, an interface. The broker can alter commission and spreads, but the price feed and market data cannot be modified.
  • Single Login: Because Spotware manages cTrader’s infrastructure, the cTrader ID you receive when you first log in to the application will never change. This is especially useful as you won’t have to remember new passwords or account numbers, even if you switch brokers.
  • Spotware is invested in your success: cTrader is also offered to brokers on a platform-as-a-service basis, and brokers pay Spotware based on volume traded, meaning that the more traders succeed with cTrader, the more Spotware profits. The result is that Spotware has a real incentive to provide traders with the best chance to trade profitably.

These differences are all enshrined in Spotware’s founding motto: Trader’s First. This guiding mindset has led Spotware not only to ensure that cTrader is an intervention-free platform but also forced them to make transparency and community focus an integral part of cTrader’s business model.

It’s important to note that because cTrader is an ECN only platform, users will have to pay a commission on their trades. Because cTrader posts trades to market, brokers do not have an opportunity to charge a fee in the spread and will always charge a commission instead for their service.

cTrader Platforms

cTrader offers three versions of its trading platform, and while the same indicators, objects, layouts and themes are present across all three versions, there are minor changes to functionality:

cTrader DownloadThe desktop version is the most feature-complete version of cTrader, download the application for any Windows PC or laptop. Unfortunately, for Mac users, there is no native application, and you will have to rely on cTrader Web or create a system partition to run Windows applications. It’s important to note that cTrader Copy will only run in the Web version,

cTrader WebThe cTrader Web version is almost as feature-complete as the desktop version except for a few changes. Charts are locked, so they cannot move up and down, and cTrader Automate is unavailable.

cTrader MobileAvailable on iOS and Android, the cTrader mobile app is perfect for traders on the go and has 26 timeframes and over 50 indicators available. Charts have been redesigned for mobile with features such as pinch-to-zoom, fling to scroll forward or backwards, and double-tap to re-centre.

cTrader Forum

The cTrader forum is a place for all cTrader users to post suggestions to the developers for new features for the platform, get support from the community and stay on top of any product announcements and other news. Spotware continuously improves cTrader with enhancements stemming mostly from community feedback; this regular interaction with traders results in several platform updates and upgrades a year.

cTrader ID Site

The cTrader ID Site is a personalised toolbox for anyone holding a cTrader ID. It provides traders with several tools to control their accounts and connect to other traders, apps, and resources.

Standout features include:

  • Credential management: traders can view a list of demo and live trading accounts they own with each broker under the same cTrader ID.
  • Push Notifications: Traders can alter email and mobile push notifications regarding changes and events on their trading accounts.
  • Security: Allows traders to view and revoke active sessions and control which devices are authorised to use cTrader.

cTrader vs MT4

Advocates of cTrader will tell you that it is more beginner-friendly than MT4 and offers high-speed execution with a cleaner user interface. Those who have used both platforms will probably agree with this statement, but in the interest of balance, here are some of the main advantages and disadvantages

cTrader Advantages vs MT4

  • Your platform needn’t be open and connected to your broker to keep a trailing stop loss functioning like with MT4.
  • The ‘Depth of Market’ function is easier to use (colour-coded and different profiles available) than MT4’s.
  • cTrader has several features that make the platform more user-friendly than MT4. For example, on the right side, the chart there is a distance scale in pips (e.g. 50 pips). This is useful for beginners because it gives them an idea of what 50 pips looks like without having to use the crosshair tool to take measurements.
  • cTrader’s data sets (for backtesting trading robots) are more complete than MT4’s and support real tick data backtesting. MT4 often doesn’t have real tick data available.
  • cTrader’s crosshair tool measures pips while MT4 measures points. This makes it easier to make measurements, especially for a beginner. If you measure 50 pips with cTrader, you see 50. If you measure with MT4, you see 500.
  • cTrader has a built-in copy trading feature.
  • cTrader has a FIX API, and its coding language is more versatile than MQL4. The FIX API allows for total portfolio management with a trading bot. For example, a trader could perform cross-instrument trading with a statistical arbitrage robot. This type of trading is not possible with MT4 because each EA only performs calculations on one chart window at a time.

cTrader Disadvantages vs MT4

  • The minimum lot sizing on some stock index CFDs (e.g. GER30) are inconsistent with forex pairs and some other stock indices.
  • Frequent updates can cause delays when you open the platform; this can be a problem if you need to manage a position urgently from your desktop.
  • The MT4 community is much larger than that of cTrader. On the MT4 platform, you can access thousands of EAs, and online forums have much more information

All cTrader Brokers 

Here is our curated list of all of the regulated cTrader brokers we have reviewed, ordered by overall score. The broker with the highest score will appear at the top of the list.

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Broker
Broker Score
cTrader
Regulators
Min. Deposit
Max. Leverage (Forex)
Cost of Trading
EUR/USD
Total # CFDs
No. of FX Pairs
Crypto Pairs
Trading Commission
Scalping
Hedging
Compare
Pepperstone
4.61 /5
Read Review
ASIC Regulated BrokersCySEC Regulated BrokersBundesanstalt für FinanzdienstleistungsaufsichtCapital Markets AuthorityUSD 030:1USD 100.17 pips127510019From 7 USD / lot - Razor Account
IC Markets
4.56 /5
Read Review
CySEC Regulated BrokersASIC Regulated BrokersThe Seychelles Financial Services AuthoritySecurities Commission of the BahamasUSD 20030:1USD 80.02 pips174464187 USD / lot - Raw Spread Account
FP Markets
4.40 /5
Read Review
ASIC Regulated BrokersCySEC Regulated BrokersFinancial Services Conduct AuthorityCapital Markets AuthorityAUD 10030:1USD 70.10 pips1016270116 USD / lot - RAW Accounts
FxPro
4.39 /5
Read Review
CySEC Regulated BrokersFinancial Services Conduct AuthorityUSD 100200:1USD 140.40 pips224170309 USD / lot
Skilling
4.37 /5
Read Review
CySEC Regulated BrokersThe Seychelles Financial Services AuthorityEUR 100500:1USD 70.40 pips90573576 USD round turn commission
Fusion Markets
4.33 /5
Read Review
ASIC Regulated BrokersVanuatuThe Seychelles Financial Services AuthorityUSD 0500:1USD 4.500 pips25285144.5 AUD / lot (EUR/USD)
FXPRIMUS
4.21 /5
Read Review
CySEC Regulated BrokersVanuatuUSD 151000:1USD 150.30 pips1814348 - 10 USD / lot - PRO Account
MultiBank
3.87 /5
Read Review
ASIC Regulated BrokersBundesanstalt für FinanzdienstleistungsaufsichtBritish Virgin Islands Financial Services CommissionCayman Islands Monetary AuthorityUSD 50500:1USD 140.80 pips2010850113 USD / lot
ICM Capital
3.61 /5
Read Review
FCA Regulated Forex BrokersFinancial Services CommissionFinansinspektionenFinancial Services Authority – St. Vincent & the GrenadinesUSD 0200:1USD 131.30 pips1644877 USD / lot - Zero Account
Fibo Group
3.60 /5
Read Review
CySEC Regulated BrokersBundesanstalt für FinanzdienstleistungsaufsichtBritish Virgin Islands Financial Services CommissionFinancial Services CommissionUSD 01000:1USD 60.30 pips80714396 USD / lot

Should I choose cTrader?

cTrader is a welcome alternative for traders who want a cross-broker trading platform with a reputation for transparency, rapid product development and high-speed trade execution.

With clear improvements in trade management and visual aesthetics in comparison to MetaTrader 4, traders who trade with cTrader tend to stick with the choice.

Because cTrader does not support market maker brokers, it will never be an industry standard, but for those willing to pay commission on trades, it is a great platform choice.

Forex Risk Disclaimer

Trading Forex and CFDs is not suitable for all investors as it carries a high degree of risk to your capital: 75-90% of retail investors lose money trading these products. Forex and CFD transactions involve high risk due to the following factors: Leverage, market volatility, slippage arising from a lack of liquidity, inadequate trading knowledge or experience, and a lack of regulatory protection. Traders should not deposit any money that is not considered disposable income. Regardless of how much research you have done or how confident you are in your trade, there is always a substantial risk of loss. (Learn more about these risks from the UK’s regulator, the FCA, or the Australian regulator, ASIC).

Our Rating & Review Methodology

Our overall Forex Rankings report and Directory of CFD Brokers to Avoid are the result of extensive research on over 180 Forex brokers. These resources help traders find the best Forex brokers – and steer them away from the worst ones. These resources have been compiled using over 200 data points on each broker and over 3000 hours of research. Our team conducts all research independently: Testing brokers, gathering information from broker representatives and sifting through legal documents. Learn more about how we rank brokers

Editorial Team

 

Chris Cammack
Head of Content

Chris joined the company in 2019 after ten years experience in research, editorial and design for political and financial publications. His background has given him a deep knowledge of international financial markets and the geopolitics that affects them. Chris has a keen eye for editing and a voracious appetite for financial and political current affairs. He ensures that our content across all sites meets the standards of quality and transparency that our readers expect.

 

Alison Heyerdahl
Senior Financial Writer

Alison joined the team as a writer in 2021. She has a medical degree with a focus on physiotherapy and a bachelor’s in psychology. However, her interest in forex trading and her love for writing led her to switch careers, and she now has over eight years experience in research and content development. She has tested and reviewed 100+ brokers and has a great understanding of the Forex trading world.

 

Ida Hermansen
Financial Writer

Ida joined our team as a financial writer in 2023. She has a degree in Digital Marketing and a background in content writing and SEO. In addition to her marketing and writing skills, Ida also has an interest in cryptocurrencies and blockchain networks. Her interest in crypto trading led to a wider fascination with Forex technical analysis and price movement. She continues to develop her skills and knowledge in Forex trading and keeps a close eye on which Forex brokers offer the best trading environments for new traders.

 

Vanessa Marcos
Financial Writer

Vanessa joined the team in 2023. Born and raised in southern Portugal, she has a BA in Journalism and a Master’s in Literary Theory, both from Lisbon University. Since 2011, she has worked in social media, copywriting, content management, ghost-writing, and SEO. Vanessa loves to write, and although she is a generalist in digital marketing, she always draws on her creativity in her work. She is constantly researching new subjects and finds the analytical depth of Forex trading fascinating.

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