I am just getting to know the cTrader platform. It looks really nice and adaptive to me, even the web version of it. Love the charting, the tools and it has a build-in event calendar. Yay, no more missing a red-flag. It seems to be cheaper too. Only a $3 commission instead $3,50 per 1 lot round-turn. Looks like there are a lot of advantages. There you also have the "buy stop limit" / "sell stop limit" order types which I am missing with MT4.
Maybe it's a good idea to use the limit order types for a breakout entry as I do with the BillyBar instead of placing the pending buy/sell stop which are then also just getting executed as a direct market order when triggered. I have so far never experienced any noticeable slippage for my orders but just in case of a abnormal market behavior it might be less risky using limit orders especially if the trade size is rather of large size, is that true? The downside probably is that some orders will then not get executed/filled but perhaps still better than getting surprised with a larger slippage.
Does anyone here using it and can tell me about his/her experience with this platform? I am mostly interested in how stable/fast order execution is compared to MT4, what that "Depth of Market" thing is and if I have to care about that? I was somewhere reading/listening specially these so called ECN brokers are not guaranteed to fill the order at the expected costs, so in case of the broker I am using, if placing a large order you then get a lot of more spread suddenly added to it, so you end up paying 4-5 Pips in the end instead of their advertised "from 0.0 spread". With MT4 I had a few orders of 10 lots so far and these were filled without any issue in delay or a getting a higher spread than what ever MT4 was showing me. Normally it's between 0.3-0.7 for GU around the UK open.