Reviewing the Features of the cTrader Platform

Forex trading in the EU has never been easier. Brokers and traders use the most popular Metatrader platform and ctrader platform to trade currencies. They provide the latest technology as trading solutions for their clients with deeper access to liquidity in 64 currencies and major equity indices. The superior functioning and cutthroat prices attract traders or brokers actively, leading to worldwide usage. Yet, new traders might have questions regarding its features, user-friendliness, UI design, accuracy, efficiency and layouts. The answers to those questions are here.

Taking a Glance at the CTrader Platform

CTrader is an automated trading software designed by Spotware that enables traders and ECN brokers to make transactions in the Forex market. It was primarily designed to eliminate the role of no-dealing desk brokers, keeping investors in the dark. Therefore, the platform provides numerous tools that increase the transparency of market transactions and the current market state, allowing clients to make informed decisions.

First Impression

The ctrader platform has a neat and smooth functioning UI and offers ample instructions for the traders to familiarise themselves with it. The navigation and functionality of the app or the website pose no issues as it has a simple design with well-organised Forex transactional elements. Overall, it provides an intuitive experience even for trading novices who might be using such a platform for the first time.

The efficiency of the User Interface

From experienced brokers to the new ones, users of cTrader opine that the interface is neat, easy and smooth to navigate, sometimes even better than the Metatrader platform. It provides numerous tools, indicators and large charting areas, which help traders enhance their strategies and interpret the technical data without hassle. The technical indicators and charting tools provide visual information that users can interpret and make their trading decisions within moments.

Relevance to Market Functionality

The platform provides multiple tools for measuring the Depth of the Market to suit the needs of the traders. The standard depth of market features allows the traders to aggregate the quotes from the liquidity of brokerages and track the market fluctuations. The price depth market will enable traders to climb the executive ladder using numerous scalping strategies. Additionally, the VWAP feature helps experienced traders monitor the spread in larger volumes.

Chart Modes

The cTrader platform delivers one of the most comprehensive charting areas that are not just easy to use but customisable according to individual trader needs. Through numerous chart modes, time frames and colour schemes, it translates the forex market movements and numbers into a visual chart that is easily comprehensible. The platform offers three chart modes: free chart, single chart and multi-chart mode. The multi-chart opens all the relevant charts side by side, while the single chart expands one of those charts to greater detail. The free chat feature allows users to readjust their charts and place them according to their needs.

Colour Schemes in the Charts

The platform offers a consistent colour pattern consisting of red and green bars with a black background. However, it also allows the trader to customise the colour scheme according to their needs. It provides a set of colours along with each chart that the user can choose to set up their preferred colour scheme. It would remain that way until the trader changes the settings. Know wpc16 com login

Timeframes and Indicators

The platform provides complete access to more than fifty indicators like MACD, Moving Averages, Bollinger, Oscillator etc., for the trader’s benefit. They can use the usual 1m5, 15- minute time frames within 60 minutes and 10,20,45 minute time frames, which many other platforms do not provide.

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