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How Is cTrader Different From Regular Market Maker Platforms?


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How Is cTrader Different From Regular Market Maker Platforms?

cTrader was designed and developed as a fully ECN model that offers direct market access (DMA) to traders without any external bridge. The traditional MetaTrader terminal is a market maker model that requires ECN or STP bridges to connect traders directly to the interbank exchanges or liquidity providers. The cTrader, on the other hand, is one of the very first trading platforms that were designed to connect traders directly to a liquidity provider, which primarily provides ECN and STP trading conditions to traders from the outset. cTrader Forex brokers eliminate the need for any dealing desk, which prevents any conflicts of interest between the broker and its traders. Since the orders are passed directly to the market, brokers don’t have any role in filling any positions, which ultimately help traders to enjoy complete peace of mind by being confident that their brokers won’t act against their clients’ interests.
Most cTrader Forex brokers pass on the interbank rates to their traders at markup spreads, and usually charge a commission per trade. cTrader allows traders to trade directly from the charts, and all positions can be modified or closed within the charts. cTrader offers the Depth Of Market (DOM) feature, which provides live updates on all orders that are currently passed on to the liquidity provider. The DOM feature offers different levels of market depth and is considered as an important tool to understand the market dynamics, which helps traders to make informed trading decisions based on the liquidity of the markets.
Direct market access also allows the cTrader platform to offer accurate live price feeds along with super tight spreads and instant order execution. Since orders are passed directly to the market, there can be significant slippages during volatile market conditions. However, all orders are executed at market rates, and there will be no instances of requotes or refills while trading on the cTrader platform. During times of low volatility, traders might experience problems with liquidity, which might lead to orders being filled partially; therefore, cTrader ECN accounts are free from dealing desk situations where the order is either filled completely or rejected altogether. cTrader offers automated trading options through its cAlgo platform, which uses the C# programming language for creating automated trading systems. cAlgo is an advanced automated trading platform that is suited for traders with high levels of experience and knowledge in programming, which is quite a disadvantage for regular traders. Regular traders may hire programmers or make use of the cTrader community to seek programming help from the forum, but overall, the programming nature of the automated trading system is considered to be highly sophisticated than other established trading platforms in the market.

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