cTrader Review –Features, Pros & Cons, and More Part 1
In the world of online trading platforms, some software flourish while others are left to die a natural death. Traders are always on the quest to find the best and most advanced platform that can help them in their trading journey. One of the best and most talked about software is cTrader. cTrader is a forex trading platform developed by cTrader Limited – a London-based company. This software is popular because it is custom designed for use with ECN brokers. Since its launch with FxPro, cTrader has become the perfect choice for several leading ECN brokers. These include Admiral Markets, Liquid Markets, and Pepperstone.
The cTrader platform is specially designed to perform two functions including execution of trades and charting. The limited scope of functions of this platform makes it ideal and very simple to use for traders of all levels. This cutting-edge system offers alerts of numerous types, a map that gives an analysis of the past deals, tickets with descriptions of a traders’ actions, and more than 70 technical indicators. Moreover, there is a market watch that shows level two pricing for each symbol. All of these features are quite helpful for traders and help them in their forex trading career. Please note that trading is a highly risky trading activity that requires a lot of skill and knowledge of the markets to make the right decision at the right time. There is always a risk of sustaining a loss. A trading platform assists in making the predictions, keeping an eye on the trends, and making the decisions. Some trading platforms also allow you to create your own robots for automated trading. However, even in automated trading, there is a risk of sustaining a loss because the robots cannot match the frequent changing of the price trends in the forex market. If you are wondering if cTrader is the right platform for you, you should be able to know what value it can offer to you in terms of features.
In this detailed review, we shall take a look at the features, pros and cons, things that can be helpful, and not so helpful things, and above all, a conclusion of whether or not you should use this platform.
Features of cTrader
Before choosing a trading platform, it is wise to take a look on the features because at the end of the day, these features can make or break the situation in your forex trading journey. Let’s discuss the features of cTrader to give you a better idea of what this forex trading platform has to offer:
cTrader is extremely attractive and clean. The uncluttered user interface of this trading platform gives it the pleasant look that is very easy on the eyes and allows the traders to explore the multiple available features. The developers and designers have put in their time in making sure that the entire platform is intuitive to use. As compared to MetaTrader 4 and MetaTrader 5, cTrader is very easy to use because of its simple UI. There are multiple layouts featured in cTrader: default view and other layouts. For technical traders who are not interested in news and fundamental analysis, there is a chart trading layout that gives them price movements in real-time.