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AuthorBy Jeffrey Cammack
Updated: December 8, 2022

First introduced in 2011, the cTrader platform now rivals other platforms like MT4 and MT5 thanks to its modern design, advanced order protection, depth of market indicator, advanced charting, and built-in copy-trading. In September 2022, Apple banned MT4 and MT5 from the App Store, and cTrader’s popularity has increased further as a result.

More experienced traders will like cTrader’s server-side trailing stop and advanced charting, while beginners will like its clear layout and the ease of using the cTrader Copy feature. And all traders will breathe easier knowing that cTrader is maintained by Spotware and cannot be altered by fraudulent brokers. Whatever the reason for your interest in cTrader, these are the best cTrader brokers in the world and have been selected for their low trading costs, range of instruments, and the quality of their educational content.

According to our testing and research, these are the best cTrader brokers for 2023.

  • Pepperstone - cTrader Broker with the Tightest Spreads
  • FxPro - Best Overall cTrader Broker
  • IC Markets - Best cTrader Broker for Beginners
  • Skilling - Most Innovative cTrader Broker
  • Fibo Group - Widest Range of Deposit and Withdrawal Methods
  • Fondex - Lowest Cost cTrader Broker

cTrader Forex Brokers 2023

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Overall Rating
Official Site
Min. Deposit
Max. Leverage (Forex)
Beginner Friendly
Cost of Trading
EUR/USD - Standard Spread
EUR/USD - Raw Spread
Regulated By
Total CFDs
Currency Pairs
4.61 /5
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USD 0400:1 ExcellentUSD 60.60 pips0.17 pipsFCA Regulated BrokersASIC Regulated Forex BrokersCySEC Regulated BrokersDubai Financial Services AuthorityBundesanstalt für FinanzdienstleistungsaufsichtSecurities Commission of the BahamasCapital Markets Authority070
4.29 /5
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USD 100200:1 ExcellentUSD 141.40 pips0.40 pipsFCA Regulated BrokersCySEC Regulated BrokersFSCA Regulated Forex BrokersDubai Financial Services AuthoritySecurities Commission of the Bahamas224170
IC Markets
4.46 /5
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USD 200500:1 ExcellentUSD 80.10 pips0.02 pipsCySEC Regulated BrokersASIC Regulated Forex BrokersThe Seychelles Financial Services AuthoritySecurities Commission of the Bahamas174464
4.07 /5
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EUR 100500:1 ExcellentUSD 80.80 pips0.40 pipsCySEC Regulated BrokersFinansinspektionenBundesanstalt für FinanzdienstleistungsaufsichtThe Seychelles Financial Services Authority90573
FIBO Group
3.50 /5
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USD 01000:1 StandardUSD 60.60 pips0.30 pipsCySEC Regulated BrokersBundesanstalt für FinanzdienstleistungsaufsichtFinansinspektionenBritish Virgin Islands Financial Services CommissionFinancial Services Commission807143
4.14 /5
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USD 1500:1 StandardUSD 7.800.28 pips0.60 pipsCySEC Regulated BrokersFinansinspektionenBundesanstalt für FinanzdienstleistungsaufsichtThe Seychelles Financial Services Authority103380

Pepperstone – cTrader Broker with the Tightest Spreads

An Australian ECN broker, Pepperstone offers cTrader support (alongside MT4 and MT5), ASIC regulation and two simple market-execution accounts. The Standard Account is commission-free, and the average spread on the EUR/USD is 1.09 pips. The Razor Account charges a commission of 7 EUR round turn, but the average spread on the EUR/USD is 0.09 pips – about as close as traders can get to true market prices as possible.

All cTrader users at Pepperstone will also access Autochartist – a powerful pattern recognition plugin that automatically identifies trading opportunities based on price trends. In addition, cTrader offers a powerful backtesting and automated trading functionality through cTrader Automate using the highly functional cTrader API and the popular C# programming language.

  • Well regulated
  • Tight spreads
  • Great platform choice
  • Wide range of assets
  • Limited market analysis
AlertAccepts Tanzanian Clients. Average spread EUR/USD 0.60 pips with 0.0 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 400:1. Islamic account available. MT4, MT5 & cTrader platforms supported. Pepperstone Group is regulated by the FCA, ASIC, and the DFSA.

FxPro – Best Overall cTrader Broker

Regulated by the South African FSCA since 2012, FxPro is a respected CFD broker offering market execution on its cTrader account (as well as NDD execution on MT4, MT5 and its 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 and a free VPS service, alongside the pre-existing cTrader Automate and API features native to the platform. 

  • Well regulated
  • Great platform choice
  • Tight spreads
  • Limited education
AlertAccepts Tanzanian 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

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.

  • Well regulated
  • Tight spreads
  • Wide range of assets
  • Great platform choice
  • High minimum deposit
  • Limited market analysis
AlertAccepts Tanzanian Clients. Average spread EUR/USD 0.10 pips with 7 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 500:1. Islamic account available. MT4, MT5 & cTrader platforms supported. IC Markets is regulated by CySEC and ASIC.

Skilling – Most Innovative cTrader Broker

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.

  • Copy trading accounts
  • Tight spreads
  • Great platform choice
  • No swap-free account option
  • Limited education
AlertAccepts Tanzanian Clients. Average spread EUR/USD 0.80 pips with 0.0 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 500:1. Islamic account available. MT4 and cTrader platforms supported. Skilling is regulated by CySEC and the FSA-Seychelles.

FIBO Group – Widest Range of Deposit and Withdrawal Methods

Founded in 1998, FIBO Group is a CySEC-regulated NDD broker with six different accounts and support for MT4, MT5 and cTrader. The single cTrader account requires a minimum deposit of 50 USD, has a maximum leverage of 1:400 and has an average spread on the EUR/USD of 0.3 pips. This account has a commission of 3 USD/lot, slightly lower than the average. Combined with the low minimum deposit, this makes FIBO Group one of the lowest cost cTrader brokers.

While deposits and withdrawals are slow and expensive at FIBO Group, this broker has tried to provide as many funding methods as possible. Bank wire, Visa/Mastercard, Neteller and Skrill are all available, as with many other brokers. But FIBO Group also supports deposits and withdrawals from WebMoney, CashU, Fasapay, ecoPayz, Paysafecard, PerfectMoney and a wide range of cryptocurrencies, including BTC, ETH and XRP.

  • Great platform choice
  • Low minimum deposit
  • Limited education
AlertAccepts Tanzanian Clients. Average spread EUR/USD 0.60 pips with 0.0 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 1000:1. Islamic account available. MT4, MT5 & cTrader platforms supported. FIBO Group is regulated by CySEC and BVI FSC.

Fondex – Lowest Cost cTrader Broker

Fondex is a cTrader-only broker based in Cyprus and regulated by CySEC and the Seychelles FSA. Spreads are variable and tight, sometimes down 0 pips on the EUR/USD, and Fondex charges a low commission of 2.5 USD per lot traded, lower than the industry average of 3.5 USD per lot. Maximum leverage is 1:500, and there is no minimum deposit required, which, when combined with the low commission, makes Fondex an exceptionally low-cost cTrader broker. Fondex provides raw spreads from its liquidity providers, so always charges a commission per trade.

The daily average for the EUR/USD is 0.28 pips, and the average for the GBP/USD is 0.71 pips. In a very welcome display of transparency, Fondex publishes all its spread data for each instrument in easy-to-read charts showing fluctuations in the spread over time. Further lowering costs for traders, deposits and withdrawals at Fondex are fast and free, and customer service is available 24/5 in multiple languages.

  • Well regulated
  • Low minimum deposit
  • Copy trading accounts
  • Innovative trading tools
  • Limited demo account
  • Limited account options
AlertAccepts Tanzanian Clients. Average spread EUR/USD 0.28 pips with 5 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 500:1. Islamic account available. cTrader platform supported. Fondex is regulated by the CySEC, and the FSA-Seychelles.

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 Download: The 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 Web: The 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 Mobile: Available 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.

What is cTrader?

Before we launch into a discussion of cTrader, I want to mention a little-known fact: 35% more cTrader users are profitable compared to the industry average. This amazing 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?

How is cTrader different?

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. This is because all the infrastructure behind cTrader is managed by Spotware themselves 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.

It’s important to note that because cTrader is an ECN only platform, traders will invariably have to pay a commission on their trades when using it. 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.

Because cTrader’s infrastructure is managed by Spotware, 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 change brokers.

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 to not only 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.

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 the 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 and 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

  • 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

  • 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 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

Should I choose cTrader?

cTrader is a welcome alternative for traders who want a cross-broker trading platform, that has 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: Over-leveraging, unpredictable market volatility, slippage arising from a lack of liquidity, inadequate trading knowledge or experience, and a lack of regulatory protection for clients.

Traders should not deposit any money that is not disposable. 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 from the FCA or from ASIC)

Our Methodology

Our State of the Market Report and Broker Directory are the result of extensive research on over 100 Forex brokers. The explicit goal of these resources is to help traders find the best Forex brokers – and steer them away from the worst ones – with the benefit of accurate and up-to-date information.

With over 150 data points on each broker and over 3000 hours of research and review writing, we believe we have succeeded in our goal. 

In a world where trading conditions and customer support can vary based on where you live, our broker reviews focus on the local trader and give you information about these brokers from your perspective.

All research has been conducted by our in-house team of researchers and writers, gathering information from various company representatives, websites and by sifting through the fine print. Learn more about how we rank brokers

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