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General MT4 Vs cTrader comparisons

Tradewell

New Member
MT4 Vs cTrader

How do the two platforms compare on some of the key criteria for evaluating a trading platform?


  1. User Interface: cTrader is known for its smooth, uncluttered and intuitive interface. Though the popularity of MT4 is certainly unmatchable, when it comes to the user interface and ease of use, the cTrader platform would potentially come out on top. This will, of course, however, depend on the trader. Novice traders are likely to prefer the ease of use that comes with cTrader.
  2. Support for Auto-Trading Functionalities: MT4 offers Expert Advisors for auto-trading, which are easy to use, customizable and work well for both new traders and experts. cAlgo is cTrader’s equivalent and is programmable in C#. MT4 is still, however, widely considered to have the best in class support functionalities for its auto-trading tools. Also as MT4 has such a vast online community, it’s easier for the user to find support on the internet for this platform, whereas support for cTrader’s auto-trading may be limited.
  3. Market Depth Functionality: Understanding market depth is important for the trader as it enables them to access liquidity and enter trades at precise price points. cTrader offers three alternatives for market depth assessment which are standard depth, price depth, and VWAP depth. However, MT4 offers only one market depth feature. When it comes to giving the trader a comprehensive picture of market depth, cTrader scores above MT4.
  4. Flexibility and Customisation: The flexibility for customization of indicators based on the personal preferences of traders is lower in cTrader. This platform does not allow users to customize indicators and programs, however, MT4 has many tools that allow the platform to be fully customized, with or without the need to know the programming language.
 

woody

New Member
I find Metatrader easier to work with. Although I also have TOS and IB, the fact that the charting is second to none, given the indicators are open source.
 

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