MT4/5 and cTrader are one of the most widely used Forex trading platforms in the market by traders. Check-out some of the key modules in which they are completely different from each other.
Desktop, Web & Mobile:
MT4/5 is an application which can be accessible from your desktop and mobile devices but cTrader was originally developed as web based application so that use can access it from anywhere through his/her browser.
MT4/5 and cTrader offers little different functionality such as MT4/5 provides traders a choice to select between broker’s list but in cTrader, it is directly given to the brokers.
Platform Customization Option:
These platforms are very good in whitelabel models and both allow the normal customization option like adjusting the look as per the requirements of brokers it includes settings, functions as well as layouts. MT4/5 also provides some of the custom plugins as well as application support. It’s the best choice for those brokers who just started their business and are looking for a stable solution.
In cTrader, it only requires extensions which are made by Spotware’s team and only brokers can ask for the additional features.
Automatic Trading Option:
If we compare these platforms in terms of automatic trading options, then MT4/5 is the only best leader as it provides great level of functionality, trading tools, expert advisors, trading bots which are also customizable and can be used without any coding knowledge.
cTrader also provides a similar EA that is cAlgo but it has a very limited community and its cBots that are robots are also very as compared to MT4/5.
Traders are always seeking information about the market. So if the platform provides market depth, then it helps traders to understand security’s liquidity as well as they can transactions at very precise prices. cTrader wins in this market depth providing process, because it offers 3 in-depth assessment options such as standard, price & VWAP. These options are very important for those traders who are using the old pending orders. Purchasing any one of the both platforms depends on individuals preference.
So if the broker is selecting any one of these trading platforms he should consider the desired traders first. So the broker is planning to use automated strategy or trading robots so MT4/5 is the perfect for him. cTrader is for those investors who are interested in performing the scalping techniques while trading as well as looking for market depth previews and working on pending orders.
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