This low latency is ideal for automated and High-Frequency Trading and scalping. The IC Markets cTrader server has on average under 1ms latency to major VPS providers either collocated in the LD5 IBX data centre or through dedicated lines to nearby data centres. This account offers some of the highest spreads of all Forex brokers globally, with the average spread on EUR/USD at 0.1 pips. IC Markets also provides excellent 24/7 technical support cTrader.ĬTrader users will be interested in IC Markets cTrader Raw Spread Account. IC Markets offers in-depth structured course material, detailed independent market analysis, and expert-led webinars. IC Markets – Best cTrader Broker for BeginnersĪn Australian CFD broker with market execution accounts on MT4, MT5 and cTrader, IC Markets is rare amongst cTrader brokers as it provides a good environment for traders who are just starting out. Always check that your broker is regulated sufficiently as a part of the comparison process. While some cTrader brokers are well-known industry brands – like FxPro, IC Markets and Pepperstone – others are either unregulated or offer very weak regulation that does not provide adequate trader protection. Regulation: Regulation ensures the security of your funds. If a trader is interested in scalping, where trades are opened and closed very quickly in highly volatile markets, then trade execution speed needs to be as fast as possible.
Trade execution speed: cTrader can open and close positions very quickly, but the broker’s technological infrastructure will also play a big role. This figure will give a trader insight into the costs charged.
We estimate the trading cost by calculating the cost of trading 1 lot of EURUSD with the smallest account available, including both spread and commission. Trading costs: Since cTrader only operates with direct market access brokers (ECNs), trading costs will almost always be a combination of the spread cost and the commission per lot. When comparing cTrader brokers, consider: cTrader has many advantages over other trading platforms, and although only a few brokers support it, there is still a good selection of reputable brokers to choose from. Traders looking specifically for a broker that supports cTrader will be looking for a modern platform that goes beyond the MetaTrader product line.
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