Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Which trading platform do you use and recommend? 1 reply

Which broker would you recommend, and who should you avoid? 25 replies

Which MT4 Broker would you recommend? 5 replies

Which MT4 platform you recommend for accurate rates and technical analysis? 7 replies

Which account based-currency do you recommend if you are non-US resident 0 replies

Attachments: MT4 vs cTrader: Which platform would you recommend?
Exit Attachments

MT4 vs cTrader: Which platform would you recommend?

Quoting benefactor
for me it's better Quantower platform https://www.quantower.com/ https://www.youtube.com/watch?v=FqR1nqsjMrI&t=1s {image}
Quantower is pretty good, but they make me pay for vWap, that's just ridiculous,
i have no problem paying for a service, but forcing a huge package on the user for a single indicator is kind of .. well not sure what word to use for it
I'm using both of them. To be truly honest for charting I prefer Tradingview and platform is only for trade execution
BridgeFinity => cTrader & Zulu-> for more information check my links
Superior platforms, just as you mentioned another one than ctrader, are agena trader or bookmap...
Quoting nullx8
{quote} Quantower is pretty good, but they make me pay for vWap, that's just ridiculous, i have no problem paying for a service, but forcing a huge package on the user for a single indicator is kind of .. well not sure what word to use for it
Yes, you are right. But for me, it's not a problem to pay for a good platform. With Quantower I use not only ctrader connection but additional IB for futures trading. It's much better than TWS)
Of course I have Sierra chart and Bookmap, and use them both. and I hope that quantower will change all these platforms for my trading.
Follow the order flow with Quantower platform
Quoting benefactor
{quote} Yes, you are right. But for me, it's not a problem to pay for a good platform. With Quantower I use not only ctrader connection but additional IB for futures trading. It's much better than TWS) Of course I have Sierra chart and Bookmap, and use them both. and I hope that quantower will change all these platforms for my trading.
Sorry,
you write you use ctrader/quantower , sierra chart And bookmap?!
That's a lot...
Why not just one platform?!
Where do you base your decisions on?
Quoting Fx-Gamer
{quote} Sorry, you write you use ctrader/quantower , sierra chart And bookmap?! That's a lot... Why not just one platform?! Where do you base your decisions on?
you are right, that's a lot platforms. But for sierra, I have several prop indicators, for bookmap I use orderbook heatmap and for TT I have DOM for scalping. But Quantower team is working hard and already implemented several features that I used (custom VWAP or anchor vwap, delta rotation indicator). I gave them the list of suggestions and hope they will make a lot from it.
Follow the order flow with Quantower platform
I would recommend cTrader and forget about the old technology of MT4. WHen it comes to execution time and slippages, in my opinion, that’s an issue of the broker you trade with. I’m not intended to recommend any broker as that’s an individual choice. But just to understand the reasons for my choice of the platform, I should say that I trade manually, using swing trading strategy, holding positions (currencies) for 3-8 days. I use fundamental (primary) and technical (secondary) analysis. I trade with FXPro in the cTrader platform. So what do I get from it compared to MT4:
access to all analysis in relation to an asset without leaving the platform: news, calendar, market depth, built-in signals on charts depending on the time frame.
a quick chek of the margin requirement, cost of pips when choosing the trading volume for new positions. No need to make additional calculations.
Technical indicators and default chart setups together with drawing tools.
smart stop-loss protection, flexible trailing stops.
I’ve heard that cTrader is more for professionals as that’s a commission-based platform. I don’t mind paying spreads or other types of fees to the broker as they have to cover spendings for giving access to the financial markets for traders. However, additional hidden commissions make me angry. Some brokers could have another chance to manipulate with client profits.
In addition to commissions in cTrader, unreasonably large spreads.
Look, cTrader was designed to protect traders from any kind of manipulations from the broker’s side. The terminal uses the direct connection to the liquidity bridge, and the dealing-desk mode is simply impossible to arrange for brokers if they don't make it fully transparent. I.e. FxPro uses its internal liquidity to cover some of the matches in the pool of orders. The rest is sent to a known third party liquidity providers. Executions are done automatically at the best market price, so brokers don’t have a chance to intervene in that process. If they do, cTrader's history of trades functionality leaves no chances for brokers to manipulate executions and quotes and remain unrevieled. That's cTrader's policy - they don't work with brokers that don't agree to this kind of transparency.
I don't know what kind of commissions you speak about. cTrader does not apply any extra commissions. Trading fees all come from your agreement with the broker of your choice. Broker pays cTrader and allows its traders to use it for free. Just like this happens with MT.
Quoting IgorGolovko
In addition to commissions in cTrader, unreasonably large spreads.
Yes, I agree. I have been using FxPro in the past aswell and tried cTrader. The unreasonably large spreads in addition to commission charges made no sense to me either. Either you pay the broker's spread mark-up or commissions and have a raw spread. But you don't want both, mark-up + commission.
  • Post #72
  • Quote
  • Last Post: Nov 18, 2021 12:29pm Nov 18, 2021 12:29pm
Quoting benefactor
{quote} Yes, you are right. But for me, it's not a problem to pay for a good platform. With Quantower I use not only ctrader connection but additional IB for futures trading. It's much better than TWS) Of course I have Sierra chart and Bookmap, and use them both. and I hope that quantower will change all these platforms for my trading.
You who have already lost everything and are looking for a way to get your money back, stay away from all the EA’s, indicators, softwares as Metatrader, Jigsaw, Sierra, Bookmap and all other. Understanding the options on the futures is the only thing that will help you efficiently.
0 traders viewing now