Top 10 best cTrader Forex Brokers 2018 (ECN/STP Platform)
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Why is it that increasingly more users are interested in the famous cTrader platform and are looking for the best cTrader forex brokers?
The trading world is evolving, and the tools and platforms to try and profit off the market are growing alongside it. The cTrader platform is a prime example of this evolution.
The distinguishing features of cTrader, which we will later see, have the great advantage of making the trader feel an intimate and direct connection to the markets. These elements make a huge difference for market traders, even more for those individuals who have a highly speculative approach to trading.
The features of this platform have made it one of the favourite choices among ECN/STP forex brokers, an icon right next to Meta Trader.
Best cTrader Forex Brokers List 2018
As traders, we firstly want to congratulate Spotware, the company developing cTrader.
This piece of software is light, stable, versatile, and extremely fast. Contrary to other evolved trading platforms, cTrader has always fared well on all the computers we’ve tried it on. It’s quick and easy to install and use, and has never raised any compatibility issues with pre-existing software.
However, to make the best of all the potentialities cTrader has to offer, we need a great broker.
Here is a complete list of the best forex brokers who support the cTrader platform.
(This post is part of the best forex platforms series)
1. Pepperstone cTrader
Operating since 2010, this is a relatively young broker, but it has quickly become one of the best forex brokers in Australia (and in the world), as the many awarded prizes can confirm, and it is wildly appreciated from Asian investors and traders. Pepperstone is one of the few forex brokers who offers DMA (Direct Market Access) implementation, besides an ECN access through cTrader.
2. FxPro cTrader
The British company, FxPro, is certainly one of the most renowned STP forex brokers throughout the world, having won several awards over the years, particularly for their quality of service, innovation, and platforms. FxPro has always focused on technology development, aiming to allow traders to easily automate their strategy (see cAlgo Algorithmic Trading, FxPro Library, FxPro Quant Strategy Builder, and FxPro VPS).
3. IC Markets cTrader
One of the fastest growing forex brokers in Australia. IC Markets is an ECN broker, with headquarters in Sydney, with operating offices all over the world, including in Vietnam and China. It is considered among the 10 most important forex brokers in the world. Some of its strengths are its high leverage ratios, low spreads, no commission on withdrawals, the number of available trading platforms (which include cTrader), and the great customer service.
4. Fibogroup cTrader
This broker has been operating since 1998, with offices all over the world, and offers customer support in many languages: Russian, English, Persian, German, Italian, Spanish, Indonesian, Portuguese, and French. This is a larger sized broker, and one of the oldest players in the markets. They offer a lot of negotiable assets: up to 8,000 stocks, ETF, CFD, Forex, and metals. Fibrogroup also offers several account types, some of which really competitive, offering the possibility to configure the account based on one’s trading style.
- Regulation: FSC BVI
- Minimum Deposit: $300
- Headquarter: Austria, China, Cyprus, Germany, Kazakhstan, Russia, Singapore
- Scalping: yes
- Try the Fibogroup cTrader with a demo account
5. RoboForex cTrader
Despite what the name might suggest, this broker does not provide automated trading services but addresses private individuals and businesses through a range of Forex trading services, ECN business accounts (via cTrader), business accounts, really high leverage ratios (1000 : 1), and extremely interesting Cent (cents) Accounts, suitable for anyone wishing to learn. RoboForex offers over 200 negotiable assets and several trading platforms to work with. Available in English, Indonesian, Malay, Russian and Chinese.
6. OctaFx cTrader
Operating since 2011, OctaFx does not currently accept US customers. It has been recognized as the “Best ECN Broker in Asia – 2014” by the Global Banking and Finance Review and has been awarded the “Best Broker Central Asia – 2014” by Forex Report Magazine. OctaFx allows trading over the major currency pairs, along with gold and silver. The trading competitions, made using their demo accounts, are extremely interesting, as they envisage cash prizes. Their 50% deposit bonus is also quite interesting.
- Regulation: FCA UK
- Minimum Deposit: $100
- Headquarter: Saint Vincent and the Grenadines, with headquarters in Jakarta
- Scalping: yes, they’re welcome
- Try the OctaFx cTrader with a demo account
7. FxPig cTrader
Born in 2009, but not regulated by the NFA (therefore it does not accept US traders), FxPig offers over 40 types of Forex pairs. The company is particularly proud of its customer support team, available 24h during the trading week via phone, email, skype, and live chat. Despite the strange name, their staff is constantly trained and ready to make every effort to assist each customer.
- Regulation: FSPR in New Zealand
- Minimum Deposit: $500
- Headquarter: New Zealand
- Scalping: yes
- Try the cTrader FxPig with a demo account
8. Kawase cTrader
Kawase (meaning “exchange” in Japanese) is a newly established, completely regulated company, founded in 2010, which offers services to financial institution and portfolio management for speculative funds. The company started offering retail services in 2015, with the Kawase Exchange division, through which over 2,000 assets, Forex and CFD, can be traded.
9. Tradeview Forex cTrader
Founded in 2004, Tradeview Forex offers its customers (except for American clients) the ability to operate on the forex market, where it has decided to focus on, offering training and selling trading tools. The development and sale of tools for Forex trading is a very important element of their business model, as is their delivery of live trading signals. Tradeview Forex claims that their “Grey Box Assisted Trading Software” has a track record with a high percentage of success.
10. Divisa Capital cTrader
DivisaFX, founded in 2008, provides premium terms for institutional and professional clients. It requires customers to open accounts in US dollars. However, customers can make deposits in their accounts with GBP, EUR and AUD. The funds will be converted into the main currency and credited to a trading account.
- Regulation: FSPR, FSCL, FCA UK, Central Bank of Armenia
- Minimum Deposit: $2500
- Headquarter: New Zealand
- Scalping: yes, they’re welcome
- Try the CapitalTrader Capital Demo for a demo account
Speed and customization
As cTrader has an extremely light software, it is a practical and fast platform. cTrader offers many indicators, and the ability to customize the graphical interface to suit all trading and analysis styles. With cTrader you can use time frames which are unusual on other platforms (for instance 1 to 34 tick charts, minutes charts for 2, 3, 4 and 45 minutes). All customization processes are intuitive, fast and fluid.
cTrader and Market Depth
One of the features that most contributed to the fame of cTrader is the ability to see the depth of a market, a particularity that has helped it spread among ECN brokers.
By watching the Liquidity Providers Market live and directly interacting with it, we can finally exclude any Dealing Desk intervention from the broker. Finally, a transparent trading!
cTrader Scalping: speed and intuition in order management
Besides being extremely versatile in order management, cTrader is also one of the fastest platforms in order execution.
Orders can be entered and edited, working directly on the asset chart on which you want to operate. You can quickly double your positions, close them, or open them in the opposite direction, both from the chart and from the Positions section. That’s why cTrader is normally the ideal platform for anyone looking to do scalping.
The platform also offers Advanced Take Profit and Advanced Stop Loss tools, which are useful for managing partial returns (profits or losses) at certain price targets, without the help of other software or the physical presence of the trader.
Automated trading with cTrader and custom indicators
In the age of automated trading, cTrader also offers several opportunities in this sense. It is both possible to work with algorithms to automate trading, and to customize your indicators. Everything is programmable through the cAlgo function.
Yes, I’m very happy with FX Pro and cTrader. Easy to learn and easy to operate and I especially like the FX Pro Quant and cAlgo options.
Hi Antje. Many thanks for your comment, but most of all thanks for your feedback!
US Forex Brokers
US Forex brokers. Most reliable?
You can put the question this way; becoming a US Forex broker isn’t as simple as registering an off-shore brokerage.
The answer lies in the regulatory requirements. All US brokers must be registered with NFA (National Futures Association).
While registration itself isn’t the issue, being a member of NFA regulated brokers group requires adherence to the strict NFA rules.
US Forex brokers list:
Requirements to become a US Forex broker
All US Forex brokers must be registered with NFA.
All introducing Forex brokers in the US must also be registered with NFA.
Forex broker — RFED — Retail Foreign Exchange Dealer is required to submit the following to NFA:
1. Online Form 7-R
— Financial statement,
— Anti-Money Laundering Procedures,
— Business Continuity and Disaster Recovery Procedures,
— Promotional Material Procedures,
— Supervision of Associated Persons Procedures,
— Customer Complaint Procedures,
— Source of Assets Letter, describing the source of the firm’s current assets
3. A non-refundable application fee of $500
4. Retail Foreign Exchange Dealer Membership Dues of $125,000
For a complete list of any additional other documents, please refer to:
US Forex brokers with high leverage?
All US brokers are required to provide leverage no higher that 50:1 according to 50:1 Leverage CFTC Rules. This leverage will be offered to all US residents without exception. Non-US residents, who seek to open an account with the US based broker, might be able to get a higher leverage for their trading accounts. This option is often available when a broker has multiple branches around the globe.
Among such brokers are:
ATC Brokers — 200:1 leverage for non-US accounts
CitiFX Pro — 100:1 leverage for non-US accounts
CMS Forex — 100:1 leverage for non-US accounts
FastBrokers — 200:1 leverage for non-US accounts
FOREX.com — 200:1 leverage for non-US accounts
US Forex brokers vs other brokers
So, what’s the difference between US and other Forex brokers?
The two striking differences are:
— leverage options
— regulatory regime
US brokers offer a pretty low leverage 50:1 (NFA rules requirements) comparing to other brokers, who can shoot up to 1000:1 or higher with no consequences. This makes US brokers less competitive in the eyes of many novice traders, who generally need a larger leverage boost from the start.
Forex brokers in the US are among the most regulated brokers in the world. The regime and penalties by NFA are high and strict, thus no one essentially wants to go off the marked path. This fact certainly provides the highest level of trust to the US brokers.
Alternatives to US Forex brokers
Are there good alternatives to US Forex companies? Although traders won’t find better regulated Forex brokers than those in the United States, other countries to consider are: UK, Australia and Switzerland.
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Did we miss any US Forex broker? Please suggest by adding a comment below.
I am with TryMarkets. And I found they are the best broker in forex industry. This broker offering fast execution and tight spreads over 100 products on currencies, metals and indices to their clients. You can have direct access to inter-bank prices and they are top tier liquidity providers. They give flexible leverage facility. And the true ECN pricing. Customers funds are secure in their hands, because their security policy is so good.
Why is this forexgrand.com broker not listed?
NFA still shows that they are registered for FXCM:
FXDD and FXCM need to be Removed from this list they have been Banned by the U.S. Commodity Futures Trading Commission (CFTC)
VisaFx is not regulated.
Guru visafx from dominica, is it regulated.
LMFX accept customers from the United States.
iClickNTrade is located in the US, hence listed here. Their address is:
4861 N Dixie Hwy
Oakland Park, FL 33334
iClickNTrade is an Introducing Broker to ILG — an Australian broker. And yes, they don’t accept US clients.
Please remove iclickntrade from the USA list — June 1 2016 — The broker told me no USA accounts accepted.. You need to remove from the USA list.. Thank You
Yes, it’s registered with NFA:
Please can you confirm if Qyu Holdings is NFA registered?
If there is someone who will geeettt. reeed offffffff ONANDA. THANKS.
Thank you for details, FXDD has been removed.
FXDD US no longer accepts client applications and should be removed from this US Broker list. FXDD Global is registered and located in the EU and does not solicit and or accept customers from the United States.
Write your comment or a review
Risk Warning: Investing in digital currencies, stocks, shares and other securities, commodities, currencies and other derivative investment products (e.g. contracts for difference (“CFDs”) is speculative and carries a high level of risk. Each investment is unique and involves unique risks.
CFDs and other derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money.
Cryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Past performance does not guarantee future results. Any trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Your capital is at risk.
When trading in stocks your capital is at risk.
Past performance is not an indication of future results. Trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Prices may go down as well as up, prices can fluctuate widely, you may be exposed to currency exchange rate fluctuations and you may lose all of or more than the amount you invest. Investing is not suitable for everyone; ensure that you have fully understood the risks and legalities involved. If you are unsure, seek independent financial, legal, tax and/or accounting advice. This website does not provide investment, financial, legal, tax or accounting advice. Some links are affiliate links. For more information please read our full risk warning and disclaimer.
Due to the popularity of forex trading over the past decade, hundreds, if not thousands, of new forex brokers have flooded the market, all seeking your patronage. Our desire is to help you find out exactly which one of these brokers is the right one for you, thereby avoiding a potential nightmare from ever happening before you even get started.
— Over 1M Account Registered
— More than 250 Trading Instruments
— MT4, MT5 and Web Trader Platforms
— Full ECN Trading Model
— Crypto-trading only avail. for FT Global Limited.
– 40% New Member Bonus
– MIFID, ASIC, FSA & FSCA regulated
– Free Online Trading Coach
– Min. Deposit $5
– Up to 1:500 leverage with micro-lots (0.01 size) available for everyone
– Scalping, hedging, trading on the news, and EAs are permitted at OctaFX.
– First Time Deposit Match: 50% Up To Any Max Deposit.
— Phone and live chat support
— PAMM Accounts Available
— Support in 18 languages
— Negative balance protection
— 24/5 Support
— Free ebooks, webinars + Tutorials
— Free award-winning daily technical analysis from Autochartist
— 1 on 1 account management + mt4 training
— Forex Pairs and CFD Trading
— Tight Spreads as low as 1.2 pips
— ESMA Compliant
— Well Established
— Good Educational Material
— CySEC Regulated
– FREE Live trading signals delivered 3 times daily 5 days a week.
– Complete Education pack for novices and advanced traders alike. Designed to support long term – reliable trading.
– Alvexo’s New Webtrader – user friendly, tailored reports and built in trading signals.
— Well established
— Beginner friendly
— Free Webinars
Table of Contents – 5 Step Guide
- Key Considerations when choosing a forex broker
- Step 1: Choose a trusted forex broker
- Trusted Forex Brokers Top List
- Step 2: The broker’s offer and services
- Step 3: What to watch out for
- Step 4: Other considerations
- Step 5: Checklist of features
- For non-US traders
- Concluding Remarks
Forex brokers range widely from the highly reputable and well regulated firms like FXTM or AVA, handling many accounts honorably, to those engaging in questionable pricing and order execution practices, to outright fraud in some cases, like Refco, a highly publicized bankruptcy of a forex and commodities broker that attempted to hide $430 million in bad debts from investors and clients. Customer accounts were not held in segregated bank accounts and suddenly reverted to paying down other creditor claims. In other words, traders lost their money before they were able to make their first trade.
Consequently, it is basic common sense that all traders should take their time when choosing their most significant business partner, the one that will support their trading aspirations going forward – their forex broker. The process is called “due diligence” or “vetting a vendor” or whatever name you may wish to assign to the task, but urgency should not be a factor. When it comes to money, there is a criminal element in our society that will go to great lengths to deceive you. Significant research in advance will pay rewards. Take your time to find a forex broker that is worthy of your trust, before you ever send them any money.
There are many websites that can help you in your search process. The staff at Forextraders.com has reviewed many capable brokers and reduced the group down to a list of worthy candidates. The selection process begins by choosing a minimum of three possible brokers, and then following with an evaluation of each and whether they meet your needs. Even after you narrow the group down to one final candidate, you may want to start off slow with a small deposit and small trade positions to validate your initial findings. There is no reason to rush. There will always be trading opportunities around the corner.
Step 1: Choose a trusted forex broker
Of course, the first and most important consideration when selecting a forex trading brokerfx involves determining whether or not your funds will be secure in the broker’s hands.
There are four aspects you want to examine to make sure your money is safe: Domicile, Regulation, Reputation, and Funding.
If the domicile of your forex broker is in a major country with well-developed financial regulation, this legal infrastructure can often help you recover your funds if problems arise. Make sure to double-check the domicile of the company even if the address looks reputable. Sending your money to an online forex broker based in less well-regulated places like the Bahamas or Panama may not be in your best interests. Trying to exert your legal rights in a foreign jurisdiction can be a daunting task, especially if there is no regulatory oversight in the background to support your effort. Avoiding forex brokers with a dubious base of operations will actually help narrow down considerably the search for a reputable broker! And you want to save time, right?
The second security signal to check is whether the broker is regulated or not. You should be aware that opening an account with a forex broker who has taken the trouble to register with a regulatory agency – while a very good idea – will still not guarantee that the company is legitimate or that your trading funds are safe.
Nevertheless, by having a regulatory agency involved, a certain amount of recourse exists for a broker’s clients if the company files for bankruptcy or if other problems develop that put the return of your trading funds at risk. To conclude, you should always choose a regulated broker.
The third point to check out is the broker’s reputation. Be sure to check the Internet for either favorable testimonials or continuing complaints about the brokers you have chosen for consideration. Especially look for reviews and comments where traders have had difficulties in withdrawing their funds. If you see evidence of this, don’t waste any more time on this broker.
The fourth and last point when it comes to choosing a trusted broker involves the financial security of the broker. Your money will always be more secure in the hands of a forex broker with great financial backing. The broker should be well funded, or have a trusted owner or parent company. These supporting relationships are often disclosed on the broker’s official web site on tabs like “About Us” or “Press Releases”. Although all the top forex brokers represented here should be well funded, it is always a good idea to make sure one extra time. You may also want to visit the website for the regulatory body in the region. Regulators often publish annual statistics on the capital funding for their licensees and whether they are adequate or not. You will also want your broker to hold your funds in segregated accounts at Tier-One banks. Safety and soundness are key factors when dealing with a broker.
Use the chart below to compare forex brokers. Here you will find our top choices of brokers that you can trust with your money.
Largest Forex Brokers in The World 2018
A lot of traders think that a big broker is better than a smaller one because a larger company has many advantages such as economies of scale, a better liquidity position and is the subject of higher scrutiny from the public and the regulators. While this basic assumption has some merit and to some degree «bigger is better», it is not a total correlation between size and quality of forex brokers. This means that the largest broker is not necessary the best, although all good brokers are sufficiently large in order to be competitive.
If you want to find out which are the biggest forex companies in the world, you should continue reading this article. However, if you want to know which are the best forex brokers in the world when it comes to trading conditions and customer satisfaction, you should check our special forex brokers ranking.
How to measure the biggest forex companies
When it comes to measuring the size of a company, there are several criteria that are generally used. The most common criteria used in ranking companies by size are market capitalization, revenue and profits. Also, when it comes to financial companies such as banks or insurance companies, another way to measure size is by comparing the total assets under management. While these values can be relevant in some situations and industries, they are totally irrelevant when it comes to forex brokers. Here is why:
Market Capitalization — The only companies that can be ranked by market capitalization are public companies (those listed on a stock exchange). This would leave most forex brokers out of the ranking. It is also important to note that market capitalization represents the value investors give to a specific company. A small but profitable company can have a higher market value than a large company unable to generate profits.
Revenue — While ranking forex brokers by revenue will render more accurate results, this criteria is still far from being relevant in this particular case. A broker’s revenues will come from the commissions it charges and the spreads the traders have to pay. A broker with higher commissions and spreads will generate more revenue than a similar sized broker with lower spreads. There is also the problem of integrated products offered by the companies. A company offering stocks trading, options and futures along with forex trading will generate revenue from more sources as compared to a pure forex broker. If the stocks business generates most of the revenue, the company can be very large but the forex division can still be small compared to others.
Profits — Ranking forex brokers by profits is totally irrelevant, as this criteria includes the same problems we identified when discussing about revenues, and many more. Just think about a large company with a bloated business that has huge operating costs. It can be a really big company but generate no profit.
Assets Under Management (AUM) — In the case of forex brokers, the closest thing to AUM are the client funds. While they are not managed by the brokers, they represent the total value of the client accounts. This measure is much more relevant than the previous ones, but it still lacks the differentiation between the forex business and the other services offered by the company. If you mix stocks trading with forex, it is very likely that the largest part of the client funds will be used in trading stocks, not forex. Another thing that makes clients funds less relevant is the different leverage used by brokers. Lower leverage needs more funds in the broker’s custody for the same operations. Also, it is possible to have large forex accounts with very little trading activity.
Considering the above mentioned criteria are irrelevant when judging the size of forex brokers, we must come up with a measure that is more relevant to this specific business. In this case, we think that the most relevant criteria to rank forex brokers is by the average volume of daily transactions.
Average Volume of Daily Transactions (AVDT) — The daily transactions of a forex broker can vary a lot, but the more active clients the broker has, the less volatile the value of daily transactions will be. In order to get a better idea about the real volume of a broker, it is better to calculate the average volume for a larger period of time, as daily and seasonal fluctuations will be less relevant. We think the AVDT becomes relevant when at least the last three months are being taken into consideration when calculating the average. In order for a forex broker to be considered large it must have an AVDT of at least one billion dollars (more than 10,000 standard lots traded daily).
We noticed that all the high quality forex brokers are also large ones and have their AVDT of at least three billion dollars. This is why, in this article we will list only brokers with daily transactions exceeding three billion US dollars.
Largest forex brokers by volume
Below you will see the biggest forex companies in the world by volume of daily transactions. We have separated the companies based on their location, as we have identified four major regions when it comes to forex brokers: United States of America, Europe, Australia and the Rest Of The World. The regions we identified have different regulation and the brokers in each region must abide by specific rules. The data presented on this article was compiled from different sources such as company presentations and other information found on the internet. The data is not audited and we cannot guarantee it is accurate. Please take the information about AVDT with a grain of salt as it may contain errors and inaccuracies.
Figure 1: Major forex regulators around the world
In order to make it easier for you to identify the best forex brokers from the rest, we have also added our rating next to each broker. The ratings vary from A+ (best) to C- (Worst). We have a dedicated page where you can read more information about our forex broker ratings.
Largest forex brokers in the United States
The United States is one of the largest forex markets in the world, but due to very restrictive regulation it has been declining in recent years. It is also the most isolated market since US traders are unable to open account with offshore forex brokers because the FATCA regulations imposed on foreign financial institutions has made it too expensive for anyone to accept US clients.
The strict rules and protection from outside competition had led to consolidation among local brokers, with the most important development being the acquisition of FXCM client base by Gain Capital (also known as Forex.com). Right now there are only three forex brokers in the United States, and one of them is mostly an institutional broker (Interactive Brokers), so retail clients have basically only two choices (Forex.com and Oanda). Because the CFTC and NFA regulation greatly limits leverage and has the unpopular FIFO rule, the US based brokers have been unable to get traction in foreign markets and the vast majority of their clients are from the US.
Below is the ranking of the biggest US forex brokers by volume: