IC Markets cTrader offers fast order execution, extremely low spread, advanced trading tools, and many more. Explore further to discover all the details.

Master ICMarkets' ctrader Platform with This Guide

cTrader is an all-in-one trading platform developed by Spotware Systems. It started in April 2011 and was first used by Fxpro, followed by IC Markets and Pepperstone.

It's in competition with the popular MetaTrader platform and is all about super-fast trading. cTrader makes trades lightning quick with its ECN system and no-dealing-desk method. It also has tools for automated trading and copy trades.

This platform has many features to help you elevate your trading. Such as extremely low spread, smart stop-out, advanced trading tools, level II pricing, live sentiments, and many more.

Right now, many brokers use this platform, such as IC Markets. You can access cTrader on desktop, web, and mobile devices. We'll explore the platform's features and performance in more detail. Let's dive in!

IC Markets | Specifications | Review | Testimonials (506) | News (73) | Articles (36) | Bonus (2) | Webinars (691)
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Website
www.icmarkets.com
Established
2007
Leverage
1:1000
Min Deposit
$200
Regulation
ASIC, CySEC, SCB, The Financial Commission, FSA (Seychelles)
Key Features Extensive Review
Interest rate on funds
Free education
PAMM
MAM
Segregated accounts
Managed accounts
Islamic accounts available
Compensation scheme
Swap
Low spread eur/usd
VPS
Copy trading
FasaPay
Neteller
PayPal
Skrill
Wire transfer

IC Markets is an online forex broker operating under the company of International Capital Markets Pty Ltd. Traders under the Australian jurisdiction are provided with the trading service of IC Markets AU that is headquartered in Australia and licensed by the Australian Securities and Investments Commission (ASIC).

On the other hand, non-Australian traders who open an account in this broker are registered under IC Markets SEY that is based in Seychelles, and regulated under the Seychelles Financial Services Authority (SFSA). The dual operation is a result of the relatively new rules from ASIC that prohibit their regulated broker to offer trading services outside Australia.

Classified as an ECN broker, IC Markets provide clients with MetaTrader 4, MetaTrader 5, cTrader as platform trading options. This broker also follows market trends to include Cryptocurrencies as one of its products, enriching its already wide selection of trading assets that include Currencies, Indices, Metals, Energies, Softs, Stocks, as well as Bonds.

The minimum deposit in IC Markets is in the middle range compared to other ASIC-regulated brokers, as it reaches $200 for every client. Market analysis materials are also prepared regularly for trading insights on IC Markets's official website, proving their competence to serve their traders with important contents created by market experts that work specifically for them.

For payment methods, IC Markets allows funding and withdrawal via wire transfer, credit card, PayPal, Skrill, Neteller, FasaPay, UnionPay, as well as Bitcoin via BitPay. The more interesting aspect from this broker is its multi-base currencies that include USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, and CAD.

As the trading technology in IC Markets is highly equipped with co-located servers and extremely low latency (especially on cTrader), the broker is widely known for its capability in hosting traders with the special needs for high-frequency trading as well as scalping.

To sum up, IC Markets is a fitting destination for active traders looking for a well-regulated broker. IC Markets is also flexible in terms of base currency and payment methods, signaling their commitment to welcome traders beyond their home country. As of late 2019, IC Markets provided their website in 18 international languages including English, Korean, Indonesian, French, Spanish, Italian, Malay, German, and Chinese.

 

IC Markets cTrader User Interface

cTrader user Interface

The cTrader user interface is made to help you trade easily and efficiently. This means you can access all the tools and options you need right from the main page of the application.

  • Main Menu: It's like the control center where you can switch between trading, copying, automating, and analyzing. You can also manage your funds and adjust cTrader settings here.
  • Toolbar: This has tools for customizing the interface and charts.
  • Account Bar: This lets you switch between the trading accounts connected to your cTID.
  • MarketWatch: This is where you choose trading symbols, place trades, and organize watchlists.
  • Charts: Shows the market charts for the symbols you select. You can add as many charts as you need and manage your trades right from here.
  • TradeWatch: Allows you to create and manage orders and positions, check your balance, review your trade history, and more.
  • Instruments Toolbar: This lets you switch between different chart modes, set up market research tools, and create chart snapshots and price alerts.
  • Status Bar: Displays info like the current trading session, time, and server and proxy latencies.
  • Active Symbol Panel (ASP): Here you can place orders, access the Depth of Market (DoM), and get information on things like market sentiment, trade statistics, and leverage.
  • Settings: This is where you can access settings, help, and handle deposits and withdrawals.

 

IC Markets cTrader Trading Facilities

cTrader provides many useful tools for your trading needs. Here's a closer look at what it offers.

 

No-Dealing-Desk (NDD)

IC Markets cTrader is a non-dealing desk platform. It means IC Markets can't manipulate pricing, charts, and history. This platform allows customers to trade directly with the interbank rates. When you use an NDD broker, you know your broker won't have any conflicts of interest with your trades.

 

Extremely Low Spread

Among all global Forex CFD providers, IC Markets Global offers some of the smallest spreads. For the EUR/USD, there are times, especially during European and North American trading sessions, when the spread can be as low as zero.

On average, the spread for EUR/USD is just 0.1 during the week. These tiny spreads can really help traders because they make trading cheaper and can boost how much money you make.

 

Smart Stop Out

The Smart Stop Out feature in cTrader is all about keeping your trading account safe. It's better than the old Fair Stop Out system. Because it uses a more advanced algorithm, which means it gives you even more protection for your account.

 

Advance Trading Tools

IC Markets cTrader provides a set of advanced trading tools, including:

  • Advanced order types: You get special order types like auto-setting SL and TP orders, fast lot size selection, customizable hotkeys, single-click reversals, and doubling position.

  • Volume-weighted average price (VWAP) indicators: VWAP indicators provide insights into the average price of a financial instrument over a certain time, considering trading volume. This helps you understand price trends and figure out when to enter or exit a trade.

  • Market replay: The Market Replay tool is like taking a step back in time. It lets you practice and improve your trading skills using past market data. You can think of it as a way to experience certain market situations again and try different trading methods, all without using real money. You can review how your trading strategies perform by looking at the equity chart and detailed trade statistics. This information helps you get better at trading for future practice rounds.Market replay

 

Level II Pricing with Full Market Depth

On the cTrader platform, you can easily see how much trading activity is going on (liquidity) for each currency pair. It displays the available amounts at different price levels whenever you check.

This helps you understand what's going on in the market in real-time. You can see how many people are trading that currency and where the big orders are. It also helps you find areas where the market might slow down or change direction.

DoM

 

No Restrictions on Trading

This platform offers great trading conditions with no limitations. You can place orders between the spread because there's no minimum order distance, and the freeze level is set at 0. This means you can put orders, including stop loss orders, as close to the market price as you want.

 

cTrader Automate

cTrader automate

cTrader Automate is a tool that helps you create and use automated trading systems with ease. It works with cTrader and lets you build custom technical indicators for analyzing the market. You can do this using a source code editor and the C# language.

 

cTrader Copy Trading

cTrader Copy

IC Markets cTrader offers a copy trading system that's simple and clear. You can use it to grow your investments while keeping things transparent and managing risk.

Here's what it offers:

  • It copies trades precisely based on the equity of both the strategy provider and the investor.
  • You can see a complete profile of the strategy provider, including their past performance.
  • There are advanced analytics to give you a deeper understanding.
  • There are tools to help you manage risk.

 

IC Markets cTrader Trading Performance

IC Markets cTrader is excellent when it comes to trading performance. You can see this in how quickly it carries out trades and its high-quality institutional-grade trading.

 

Fast Order Execution

Orders are executed very quickly, usually in less than 40 milliseconds. The IC Markets cTrader server is in London at the LD5 IBX Equinix Data Centre.

This place is like a financial hub where more than 600 companies are based. All involved in buying, selling, trading, and offering market data, and services.

 

Institutional Grade Trading

IC Markets cTrader gives regular traders access to tools and features used in big financial companies. Here are three things that show why it's so special:

  • Real, Deep, and Diverse Liquidity: When you use IC Markets' cTrader, it's like being in a really huge and diverse market. This means you can easily trade different assets, and there are lots of people buying and selling stuff.

  • Reduced Slippage: IC Markets' cTrader tries to make sure your trades happen just the way you want them to. Normally, sometimes trades don't go as planned due to market changes or not enough people trading. But with cTrader, there's a smaller chance of these "mistakes," or what we call "slippage." So, you're more likely to get the prices you expect, even if you're trading a lot or the market is moving fast.

  • Over 29 Billion USD in FX Trades Processed Daily: This tool handles a huge amount of trading every day, especially in the foreign exchange market. We're talking about over $29 billion in trading every day. This shows that cTrader is really good at helping lots of people trade their money.

 

Is cTrader Performance Steady Across All Devices?

To see how comfortable it is to use IC Markets cTrader on Windows compared to other devices, we conducted tests. We downloaded and tried the cTrader on Mac, the web, Android, and iPhone.

From our experiments, we found that the trader on each device offers similar features and performance. You can find the same features on other devices as you do on Windows.

Moreover, when it comes to speed, it's pretty much the same. Orders are processed quickly in less than a second.

The trading performance is generally good on all platforms, but it can be affected by factors such as internet speed and the specification of the device (hardware). So, you don't need to worry if you use different devices for trading on IC Markets cTrader.

 

Conclusion

In summary, IC Markets cTrader is a robust tool for traders. This guide has explored its features in detail, helping you understand how it can improve your trading.

With fast order processing, low spreads, advanced tools, and transparency in pricing, cTrader empowers traders to navigate the financial world with confidence. It's a reliable platform known for its quick performance and the ability to handle a high volume of daily trades.

Whether you're new to trading or an experienced trader, this guide equips you with the knowledge to make the most of IC Markets cTrader. By learning and practicing consistently, you can increase your chances of success in the dynamic world of finance.

 

If you are interested in social trading, IC Markets has IC Social, the ultimate platform that can help you copy other traders' strategies. How to do it? Read the guide here.