Second, besides its richer set of technical indicators, time frames, chart types and order types, cTrader also offers advanced take-profit/stop-loss levels, market sentiment and Smart Stop-out features, while MetaTrader 4 does not. In comparison, MetaTrader 4 has only a single market depth feature. These options enable traders to obtain a better view of market liquidity for different price levels and, thus, make more precise market entries. DifferencesĪs for differences between the two platforms, first, we should point out that cTrader offers three options for assessing the depth of market – standard depth, price depth, and VWAP depth. On the other hand, support for cTrader’s auto-trading tool may not be that widespread.Īnd finally, both platforms do allow one-click trading and trading directly from charts. Yet, on the auto trading front, MetaTrader 4 is still regarded as offering the best support functionalities and it has a huge online community, where traders can easily find assistance if they need such. Note* To some extent MT4 users can also use the MQL5, which is now the new standard. MetaTrader 4’s MQL4 programming language enables traders to build and customize expert advisors, while cTrader’s equivalent, cAlgo, which is based on the C# programming language, allows for the creation of robots (cBots) to execute trades, build custom indicators, perform strategies or backtesting.
#CTRADER WEB WINDOWS#
If we look for similarities between the two platforms in terms of features or functionality, perhaps the biggest one would be that both platforms are meant for Forex and CFD trading and not for Stock, Option or Bond trading.Īnother similarity can be found in terms of platform accessibility, as both MetaTrader 4 and cTrader can be accessed from Windows PCs, mobile devices and also have web-based versions.Īlso, both platforms allow algorithmic trading with the use of trading robots. The depth of market (DOM) feature with level ii, ECN/STP market execution, algorithmic trading via cBots, backtesting capabilities and the order types are among the strongest points that make cTrader outshine MetaTrader 4.
#CTRADER WEB SOFTWARE#
The MT4 was replaced by the upgraded MetaTrader 5 trading platform, which was branded as a multi-asset trading platform.ĬTrader platform is an all-in-one multi-asset trading software that has more advanced trading capabilities. The MT4 platform is licensed to over 1,200 brokerage trading firms, but it has stopped offering new licenses to forex brokers since 2018. The parent company MetaQuotes developed the MT4 trading platform in 2005. On the other hand, the MetaTrader 4 (MT4) by MetaQuotes Software is the de facto standard platform in forex trading. The cTrader platform was launched in 2011 by Spotware Systems, a Fintech company headquartered in Limassol, Cyprus. Windows, Web-Browser, iOS, Android, Tablets Windows, Mac, Web-Browser, iOS, Android, Tablets
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