cTrader vs. TradingView Review 2021, which one is best? | Forex Factory

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cTrader vs. TradingView Review 2021, which one is best?

  • #1
  • First Post: Dec 1, 2021 2:48am Dec 1, 2021 2:48am
If you are trying to decide which trading platform to start using between cTrader and TradingView then first take a look at our key feature comparison review that will help you choose the right one to suit your needs today.

 

  1. Read the Full Review


Watch a Complete Video Review

We have also published a complete video guide showing the key differences.

 

  1. Watch a Video Review

  • #2
  • Dec 1, 2021 4:45am Dec 1, 2021 4:45am
cTrader, of course.

It is not an apples to apples measure. cTrader is a trading platform; TradingView is not. cTrader is a protected environment for your intellectual property (your algorithms); TradingView is not.

TradingView is like a gaming platform in which they talk about games. But we are traders, aren't we?
Always ready to help
  • #3
  • Edited 5:48am Dec 1, 2021 5:13am | Edited 5:48am
I've been using both recently.
Trading view for its unique feature where one can compare many different asset classes to get a grasp of the overall financial market. I can compare futures, bonds, forex, equities etc. This and only this feature is really unique and IMO required for every serious trader. Who the hell today does not need to know where is heading Oil, USD or Nasdaq?

The cTrader is "just" a trading platform, broker venue proxy, having charting capabilities and allowing sending orders to the broker facility. But usually set of products/assets is only limited to ones that the broker allows to trade.

That said, cTrader is the number one for algo traders. Not because of cAlgo, which is quite similar to EA in Metatrader, but because its Open API and FIX API is really unique and widely opened to every algo or quant trader.
The Tradingview pine script capability is a similarly bad option as MT4/MT5/MQL.
  • #4
  • Dec 1, 2021 7:36am Dec 1, 2021 7:36am
Quoting ClickAlgo
If you are trying to decide which trading platform to start using between cTrader and TradingView then first take a look at our key feature comparison review that will help you choose the right one to suit your needs today. Read the Full Review
@Clickalgo
I read your comparison text and it misses Open API for algorithmic trading completely. Open API is a very powerful option, one can utilize not only C# and .netcore/.netframework for her algos. but almost any language supporting Google's protocol buffers and gRPC. So Java, C++ and Python are allowable to use for creating custom algorithmic trading programs. And last but not least cTrader/Spotware also allows using FIX protocol for sending and managing orders!
  • #5
  • Dec 1, 2021 8:04am Dec 1, 2021 8:04am
Quoting mcquak
{quote} @Clickalgo I read your comparison text and it misses Open API for algorithmic trading completely. Open API is a very powerful option, one can utilize not only C# and .netcore/.netframework for her algos. but almost any language supporting Google's protocol buffers and gRPC. So Java, C++ and Python are allowable to use for creating custom algorithmic trading programs. And last but not least cTrader/Spotware also allows using FIX protocol for sending and managing orders!
You're right, there was so much to cover, Open API and FIX are indeed winning points.
  • #6
  • Last Post: Dec 6, 2021 11:04am Dec 6, 2021 11:04am
Great video, thanks for the contribution!

My 50 cents. I prefer cTrader for the following reasons

 

  1. It's free
  2. You can find most of the symbols needed if you select the correct brokers. Try Fondex, Skilling or TopFX and you will get a plethora of symbols.
  3. Most of the charting goodies missing from cTrader are available as third party tools. With a little bit of search and practice, there aren't much to miss.
  4. TradingView has inaccuracies which are crucial. Wrong backtesting results for redrawing indicators, inaccurate renko charts and many more.
  5. Support. TradingView does not really seem to care so much about their users. In contrast, you can chat directly with cTrader staff. They even reply on weekends sometimes, as if you have been friends for years.

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