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cTrader Brokers in USA?

  • #1
  • First Post: Edited 4:20pm Jun 11, 2013 3:17pm | Edited 4:20pm
After the forced MT4 v500 update (that disabled a bunch of my fave tools). I've been monitoring the UPROAR!! among traders and brokers. The search is REALLY on for an alternate platform and between Ninjatrader, ProTrader and CTrader it appears that CTrader is poised to takeoff Bigtime thanks to the Metaquotes snafu. I've downloaded their demo and OMG it feels silky smooth and also pretty easy too. The programming language is any .NET language. It natively supports C# and while the MQ4 EA/indicator conversion will be painful it really looks like it might be worth it.

On their website they name a few supported brokers: Pepperstone, FXPro, IC Markets and a few others but I dont see any USA brokers. It looks like FXPro is the only one that's fully tradeable but has anyone seen a USA broker even announce upcoming support for the platform? I've been waiting for the next platform since I have some EA's that need recoding and I wanted to do it in the next emerging platform (that isnt MT5) since Metaquotes seems to have burned its bridges with its war against Myfxbook, Zulutrade, Tradency, MT4i and others. (I REALLY miss Myfxbook Account Reporting - looks like only one account per Broker now). Anyone else play with CTrader and have any USA broker info (or rumors)?

CTrader Website: http://www.spotware.com/

UPDATE: Wrote a post on the CTrader forum hoping for a admin response. Will update this post...
  • #2
  • Jun 11, 2013 7:44pm Jun 11, 2013 7:44pm
Hey BlackOpz,
Yes, please, post here a reply from Ctrader's forum admin.
MT4 500 build really sucks, and what they do with 3rd parties is so bad too.
Metaquotes digs a pit for themselves...
It is the time for Ctrader.

Cheers,
Slov
  • #3
  • Jun 11, 2013 9:41pm Jun 11, 2013 9:41pm
Quoting slovforex
Hey BlackOpz, Yes, please, post here a reply from Ctrader's forum admin. MT4 500 build really sucks, and what they do with 3rd parties is so bad too. Metaquotes digs a pit for themselves... It is the time for Ctrader. Cheers, Slov
yep, i agree, mt4 build 500 is a buzz kill.

anyways, there is a cTrader thread, but that's very generalized in terms of client location. so here is the link:

http://www.forexfactory.com/showthread.php?t=396775

and here's an image of the brokers that use their platform:

http://www.forexfactory.com/attachme...0&d=1368593040

you'll notice TradersWay isn't on their, but it is one of the brokers that use cTrader. However, just be careful with TW as they are unregulated, but they do accept USA clients since they are not bounded by any regulations.
  • #4
  • Jun 12, 2013 5:25am Jun 12, 2013 5:25am
Just take a look how many broker using MQ and cTrader) It will be an aswer. MQ was the leader and will be. It's nothing wrong with build 500. A lot of new featutes were added.
  • #5
  • Jun 12, 2013 12:35pm Jun 12, 2013 12:35pm
Quoting Max FX
Just take a look how many broker using MQ and cTrader) It will be an aswer. MQ was the leader and will be. It's nothing wrong with build 500. A lot of new featutes were added.

Doesnt matter how many brokers MT4/MT5 has right now. Markets can change VERY fast. All CTrader has to do is get enough brokers to interest EA makers and casual traders will follow the EA's. They dont really care which platform its on. (Remember when people were willing to switch to Dukascopy to run the new FAPTurb Evolution EA?) PLUS its not like users have to choose MT4 or CTrader. Brokers and Traders can easily host BOTH platforms. It no problem to run multiple MT4 and CTrader terminals side by side on your VPS. When enough brokers have CTrader I'll convert my EA's while still using my MT4 EA's "At the Same Damn Time"...

In fact CTrader licensing is much cheaper than MT4 and its the better software. HANDS DOWN!! plus its designed for Traders and NOT brokers. (Dont forget that MT4 is a Dealing Desk Broker software that's having a hard time adapting to the ECN/STP/DMA that real traders prefer). CTrader is an advanced trading tool that will inspire a new generation of Trading software. MT4 is old and needs replacement. MT5 (Vista) missed the mark and right now is a perfect time for Protrader, Ninjatrader and CTrader to kill this wounded animal. (It'll take years to die but when most new EA's are created for a better systems the traders will follow, then MORE developers, etc...)

Also you MUST not use Myfxbook, MT4i, "Spread Controllers" or numerous other apps that fill badly needed MT4 gaps if you like v500. Also if you didnt notice MQ FORCED v500 on your system, YOU didnt update it, it updated ITSELF without your consent or even a warning.


Here CTrader Official response to my Broker availability question:
-------------------------------------------------------------------------------

Dear Trader,
Thank you for your kind words.

Unlike existing market making legacy platform, our Open API called Spotware Connect allows third-party application integration of existing Forex related products into the cTrader platform, stay tuned for further updates.
Moreover, automated strategies can easily be converted from any proprietary languages to cAlgo. Besides, cAlgo is written in C# which is a very popular easy to learn language, contains methods that facilitate code development, as well as offers asynchronous operations, access to Level 2 prices, event-handlers and many more features.

We have many requests from traders for cTrader/cAlgo DMA/NDD suite in the US and we may have good news for you some time soon, however please feel free to contact your broker and ask for cTrader.


Many thanks,
Spotware Team
  • #6
  • Jun 12, 2013 12:49pm Jun 12, 2013 12:49pm
Quoting BlackOpz
{quote} Doesnt matter how many brokers MT4/MT5 has right now. Markets can change VERY fast. All CTrader has to do is get enough brokers to interest EA makers and casual traders will follow the EA's. They dont really care which platform its on. (Remember when people were willing to switch to Dukascopy to run the new FAPTurb Evolution EA?) PLUS its not like users have to choose MT4 or CTrader. Brokers and Traders can easily host BOTH platforms. It no problem to run multiple MT4 and CTrader terminals side by side on your VPS. When enough brokers have...

in such a rapidly changing market, there really isn't the "best" terminal or the "best" broker, or the best anything. each one has their own advantages and disadvantages. i personally prefer metatrader when doing analysis as drawing the basic trendlines are much more efficient with the autosnap on and extension. also, the resources/ scripts for metatrader are very abundant compared to cTrader. however, i find cTrader generally has a better trade manager.

it's really up to you tho.
  • #7
  • Jun 12, 2013 1:02pm Jun 12, 2013 1:02pm
For sure time will show. Clients will decide what do they like more. I am not against cTrader I am against people who blaming MQ now. Nobody perfect but MQ made FX for retails. Simple, stable and reliable sofware. And blaming somebody is not the best way increase cTrader sales! Platform is cheaper? Why traders should care about it? Designed for traders? I am sure that MT is designed for traders more than for brokers) it's easy to see how system was changed and mainly because of clients requests to do it more user friendly. Now the main point: Dealing desk software) why cTrader can't be used as dealing desk software or you wanted to say that it's not possible with cTrader? than it's not true. And again idea of the language to create EA belong to MQ. So your blaming somebody who prepare market for cTrader and this is not fair.
  • #8
  • Jun 12, 2013 1:15pm Jun 12, 2013 1:15pm
Quoting Max FX
I am sure that MT is designed for traders more than for brokers
You are quite wrong there --- watch this video. It got uploaded March 3rd 2012 and I'm surprised it hasn't been taken down yet once metascrotes claims 'copyright infringement'. A user who went by the name EcnJesus uploaded a bunch of videos a year or so ago but they kept getting taken down off hosting servers due to metascrotesquotes making the same copyright claim.
  • #9
  • Jun 12, 2013 1:26pm Jun 12, 2013 1:26pm
This so funny) I know how MQ administrator looks like. And know possibilities of this platform. This is question not to MQ this is question to your broker. Idea is to change candles because of wrong quotes not because broker change candles especially for you) How much time such broker can survive on the market? Brokers don't need to change candles. they makes a lot of money without it. So it's not sensation) it's just rubbish video of somebody who trying to say what is not exist in reality.
  • #10
  • Jun 12, 2013 1:32pm Jun 12, 2013 1:32pm
Quoting jhehe
{quote} in such a rapidly changing market, there really isn't the "best" terminal or the "best" broker, or the best anything. each one has their own advantages and disadvantages. i personally prefer metatrader when doing analysis as drawing the basic trendlines are much more efficient with the autosnap on and extension. also, the resources/ scripts for metatrader are very abundant compared to cTrader. however, i find cTrader generally has a better trade manager. it's really up to you tho.
Not BEST, but waaay better. But thats expected in the tech business. Most pro scalpers REFUSE to use MT4 for scalping because it doesnt have DMA or true ECN features and the slippage and speed can be the diff between profit/loss with razor thin margins. I agree that MT4 has the most indi's and better charting that a LOT of packages lack but its limitations have killed many a budding trading career because of "Virtual Dealer" plus a range of broker tricks enabled by its pro-broker anti-trader bias. I'd be the first to admit that MT4 brought me to EA trading but it didn't take long to realize its limitations and to watch the herd try to find a MT4 broker that wouldnt cheat you for every penny with slippage, freezes, disconnects, bridges, auto-sync's, etc.

There may be thousands of MT4 brokers but I can only name a handful that I would trust my money with because of the trade control/filtering. CTrader among others that offer "Direct Market Access", ECN and true STP are the future for real traders that have survived the "Forex Fad" and need to get down to real business with systems and brokers that respect them. Its the same story as IOS and Android. Apple had a **HUGE** lead and Android had to catch up but WOW!! that didnt take long for Apple to get lapped. Android sponsored developer contests for cash (among other things they did to attract devs) to get apps on the new platform. Once users could find their games/apps on a cheaper (arguably better) platform Android became a valid market that has eclipsed iPhone sales in record time. The same will happen once a secondary superior trading platform is offered by more brokers.

In fact this transition will be even faster since trading platforms are FREE to the end users. Its actually pretty easy to help it along - If I were CTrader I would concentrate on getting a few top brokers to offer the platform (Oanda, FXCM, etc..), sign joint venture agreements with a couple of the biggest EA sellers and get them to create CTrader versions. (You would only need the top 1 or 2 to start to flood) then go back to regular business and watch the party.

I'm simply voting for CTrader as a Developer because its easier and cleaner than other options available. You can tell that it was programmed from the ground up for Forex trading. Its very lean and dedicated to its task without a lot of bells and whistles that bloat the code and slow it down. Also its pretty intuitive, most can run it without ever cracking a manual if you're used MT4. As a dev and trader I've been waiting for something that satisfies both of my fx interests. CTrader does. Very nicely I must add.
  • #11
  • Jun 12, 2013 1:46pm Jun 12, 2013 1:46pm
You forgot to add: paid article as part of ad campaign. Commersial posts here.
MQ never worked this way....
  • #12
  • Jun 12, 2013 1:53pm Jun 12, 2013 1:53pm
@BlackOpz

now you're saying some mumbo jumbo. throwing terms like DMA, ECN, STP around don't really mean much. order processing features have little to do with the actual trading platform. if you are unaware, metatrader ecn brokers just have an additional step to take...to bridge the mt4 platform which is not necessary with the cTrader platform.
  • #13
  • Edited 2:12pm Jun 12, 2013 2:00pm | Edited 2:12pm
Quoting Max FX
This so funny) I know how MQ administrator looks like. And know possibilities of this platform. This is question not to MQ this is question to your broker. Idea is to change candles because of wrong quotes not because broker change candles especially for you) How much time such broker can survive on the market? Brokers don't need to change candles. they makes a lot of money without it. So it's not sensation) it's just rubbish video of somebody who trying to say what is not exist in reality.
Ummmm.. You're right about the cheating. (SMH Video!!!) Goto ForexPeaceArmy.com and research SCAM BROKERS. Almost every one use MT4 because its the best Trader cheating software available. Like I said MT4 introduced me to trading and I've grateful but its a platform designed to help brokers cheat clients. It was designed to be bucket shop software and thats exactly what it is. I'm just glad the industry is starting to take retail traders more seriously and provide US (the trader) the tools we need to honestly tackle the market. If you're happy with MT4 I'm sure it'll be around a good long time but I'm anxious to move to the 'Next' platform that will respect me as a trader and a developer.

Its easy to see that a lot of traders agree. I remember when 'ECN' was the new buzzword and anyone who lied about being STP or ECN got more clients because traders got tired of bucketshop trading. Traders want to trade bank order flow NOT my brokers bank account (which he doesnt like me winning). I'm simple waiting for the day when I dont have to trust by broker, just their trading technology.
  • #14
  • Jun 12, 2013 2:11pm Jun 12, 2013 2:11pm
Quoting jhehe
@BlackOpz now you're saying some mumbo jumbo. throwing terms like DMA, ECN, STP around don't really mean much. order processing features have little to do with the actual trading platform. if you are unaware, metatrader ecn brokers just have an additional step to take...to bridge the mt4 platform which is not necessary with the cTrader platform.
LOL.. Dont say bridge.. SAY BRIDGE!! You say that like its a minor thing. Its NOT!! I'm sure you're never traded with a bridge enabled since you think its no biggie. Bridges introduce latency, sync issues, create charges non-readable by EA's since they create their own sync adjustment lines. If I have a choice of my trades being bridged or not its a very easy choice - NO BRIDGE PLEASE!! (OMG you just gave me a Boston Tech bridge Flashback!!... That was crap for a lot of brokers and lost cash for traders for a looong time!! And while they've gotten better that are never the optimal solution and never will be. DMA, ECN or True STP on my burgers please...)

Trader-->>Broker BETTER THAN Trader-->>Bridge-->>Broker
  • #15
  • Jun 12, 2013 2:25pm Jun 12, 2013 2:25pm
Quoting Max FX
You forgot to add: paid article as part of ad campaign. Commersial posts here. MQ never worked this way....
Hope you're not referring to me!! I'm not paid by ANYONE except the market. I'm just a developer thats excited to see the NEXT new thing that truly meets my needs as a trader and a developer. (call me a fanboy IF you must insult me) CTrader is a very nice trader platform but what really excites me is the developer side. (plus I like pulling for talented underdogs). In fact I could easily accuse you of being the shill since you're showing support for a inferior product without even acknowledging (or ignoring) its obvious weaknesses. You're acting like the MT4 wishlist have been completed and it has no holes. I strongly disagee!! (especially in light of the fact that they are just now adding features that programmers added years ago. Even MQ can see that MT4 has gaps (and the reason they made MT5), Why cant you?)
  • #16
  • Jun 12, 2013 4:32pm Jun 12, 2013 4:32pm
fxpro ctrader freezed at the same time as nzd event.
  • #17
  • Jun 12, 2013 10:16pm Jun 12, 2013 10:16pm
Quoting BlackOpz
{quote} In fact CTrader licensing is much cheaper than MT4 and its the better software. HANDS DOWN!! plus its designed for Traders and NOT brokers.
How did you know that CTrader is cheaper than MT4?
  • #18
  • Edited 1:13am Jun 13, 2013 12:04am | Edited 1:13am
I'm not familiar with cTrader platform yet, but hesitant to move over because of some tools I still need from MT4. I use a script that drags-and-drop onto chart to open a market entry order, which then automatically scales in at fixed intervals. Is this something that can be done on cTrader? I don't want to enter 3 times, I just want to be able to do what I'm currently doing with MT4, drag-and-drop to open 1st order and the script scales in 2nd and 3rd order for me. The lot sizes are preset on the mq4 script so I don't have to fill in the blanks every time I enter.

Attached Image


I'm waiting for FF TradeExplorer and Myfxbook to support cTrader, as I also wanted to analyze my trade metrics. Reason why I switched over from TradeStation and DealBook360 to MT4.

cTrader guys are here but as Commercial Member so they can't reply to our threads. Go ahead and ask them directly over there, I'm subscribed to that thread.
http://www.forexfactory.com/showthread.php?t=316495
Quoting cTrader
Hello, We are coming to the point of release of cAlgo. The platform is going to have basic algoritmic trading features: Trading Optimizing Backtesting The trading API is in C#. We would like to ask for your help in testing our platform. All traders with any level of knowledge are more that welcome to try out cAlgo and send your feedback. The main point of interest should be the usability and your experience using the platform. Anyone willing to try our platform reply to the thread, PM me or send me an email ([email protected]) Best of luck to all of you trading
Quoting cTrader
Need an automated strategy that: • Creates entries based on Bollinger Bands Indicator, Stochastic Oscillator, MACD • Exits based on SMA or Take Profit/Stop Loss Hit. Other Requirements: Works on all currency pairs and timeframes Has an expiration time (bypassed with a code) and/or Is customized to work only with a specific account number Compensation $200.00 Contact [email protected]
No longer trading forex. Looking for full time job.
  • #19
  • Jun 13, 2013 12:57am Jun 13, 2013 12:57am
Quoting slovforex
{quote} How did you know that CTrader is cheaper than MT4?
Cant find the article I read that had cost comparison info but if I think MT4 is about $50,000 per year (can vary depending on setup but I've seen this number quoted a number of times) and cTrader is doing a different type of licensing deal that is cheaper and structured (payments? percent of orderflow? scaled based on volume?) to be much more affordable. If I find the link to info I'll post it. The writer was making the point that cTrader would be cheaper platform to buy for the typical startup brokerage.
  • #20
  • Jun 13, 2013 1:07am Jun 13, 2013 1:07am
Quoting mmaker
I'm not familiar with cTrader platform yet, but hesitant to move over because of some tools I still need from MT4. I use a script that drags-and-drop onto chart to open a market entry order, which then automatically scales in at fixed intervals. Is this something that can be done on cTrader? I don't want to enter 3 times, I just want to be able to do what I'm currently doing with MT4, drag-and-drop to open 1st order and the script scales in 2nd and 3rd order...
WOW!! That sux that they can't reply to us!! I didn't even know they were on FF. That scale in script could be recreated in cTrader as a robot. (they dont have scripts only robots/indicators). That one seems like something pretty simple to recreate in cAlgo if its just fixed interval scale-in.

@entheos - Must be FXPro - This old thread said their CTrader feed froze sometimes, other brokers didnt.
http://www.forexfactory.com/printthread.php?t=396775&pp=40
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