Forex glossary

cTrader Platform

cTrader is Spotware's platform for charts, order entry, market-depth views and automated tools. cTrader Algo supports C# and Python. Instruments, liquidity, charges and execution arrangements depend on the broker; the platform name alone does not establish direct access to the entire market.

Illustrative example

How does it work in practice?

Assume two brokers provide cTrader but charge different commissions on the same pair. The shared interface permits order entry, while trading costs and the market depth available to each account can differ.

A case to work through

Same platform, different terms

Hypothetically, two cTrader accounts quote spreads of 0.6 and 1.2 pips; the first also charges commission.

  1. Check round-trip commission, volume units and the available instrument.
  2. The lower spread alone is not a complete cost comparison.

What follows? Compare account specifications before comparing platform features.

Example boundary: Terms can change and depend on the particular broker and instrument.

Platform and account

Platform and accountThe platform name does not determine account fees.1Platform featuresCharts, orders and automation tools.2Account conditionsBroker instruments, spread and commission.3Cost comparisonSame instrument, volume and complete round trip.
The platform name does not determine account fees.
Text description of the diagram
  1. Platform features: Charts, orders and automation tools.
  2. Account conditions: Broker instruments, spread and commission.
  3. Cost comparison: Same instrument, volume and complete round trip.

A useful distinction

cTrader Platform / MetaTrader 5 (MT5)

cTrader and MT5 are different platforms; choosing either does not automatically determine broker commission or execution.

Check your understanding

Compare account offers without attributing them to the platform.

What is needed to compare these accounts?

Show the answer and explanation

Spread and commission at the same volume

Total cost requires a consistent comparison basis.

From a plan to automation tests

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Sources and documentation

The example illustrates the mechanism. Check current account conditions and instrument specifications with the provider.

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