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XM cTrader

Your expert
Adam N.
Fact checked by
Updated
2d ago
Personally tested Personally tested
Data-driven Data-driven
Independent Independent

Does XM support the cTrader platform?

Bad news, cTrader is not available at XM as of April 2024.


My key findings in a nutshell
Adam
Adam Nasli
Financial Wizard | Forex • Algo Trading • Market Analysis

I've thoroughly tested XM services with our analyst team by opening a real-money account and these are my most important findings:

  • cTrader is a trading platform geared toward forex and CFD traders.
  • The platform is known for its speed, transparency and fair trading environment.
  • cTrader is a feature-rich platform with fast entry, synchronization, and order processing.
  • cTrader is heavily used for ECN trading, technical trading, day trading as well as copy trading


Looking for the best brokers that offer access to cTrader? Search no further. Our experts put together a top list of the best brokers for cTrader by checking their services with real money.

XM key features and services
💰 XM EURUSD spread 0.1
💰 XM withdrawal fee $0
💰 XM inactivity fee Yes
💰 XM minimum deposit $5
📃XM ECN account available No
💳 Deposit methods Bank transfer, Credit/debit cards, Skrill, Neteller for withdrawal, Sticpay for Deposit (under FSC)
🗺️ Country of regulation Cyprus, Australia, Belize, United Arab Emirates
🎮 XM demo account provided Yes
📋 Read more Check out the XM review for 2024

Data updated on April 22, 2024

BrokerChooser score
4.3 4.3 /5
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75.33% of retail CFD accounts lose money

What is cTrader?

cTrader is a popular trading platform among forex and CFD (contract for difference) traders. Developed by Spotware Systems, cTrader provides advanced trading features, efficient trade execution, and access to a wide range of financial instruments.

cTrader offers a user-friendly interface with customizable charts, technical analysis tools, and a range of order types, including market orders, limit orders, stop orders, and more.

cTrader is known for its transparency and fair trading environment. It provides straight-through processing (STP) technology, which means that trades are executed directly with liquidity providers, eliminating the need for a dealing desk.

This can result in faster trade execution and potentially lower trading costs.

Due to the above, cTrader is fast gaining in popularity among forex and CFD traders, with many of the former switching over from the MetaTrader platform.

In addition, cTrader also supports copy trading, allowing traders to automatically replicate the trades of successful traders. This feature is known as cTrader Copy and enables less experienced traders to benefit from the expertise of more seasoned traders.

The outstanding efficiency of cTrader makes it perfect for technical trading, day trading, copy trading, as well as other technical-analysis heavy strategies.

Algotrading on cTrader

The cTrader Open API is a service you can use to develop custom applications connected to the cTrader backend. You can use your API to develop trading-oriented apps or services, or integrate the cTrader backend with any existing solutions you may have.

The API is language-neutral, meaning that you can use any programming language you want to interact with the API.Open API is part of the cTrader platform which is available for all cTrader-affiliated brokers.

The cTrader Open API allows your code to access real-time market data, perform all possible types of trading operations permitted in the 'main' cTrader applications as well as retrieve and process account information including deals, orders, and positions.

Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.

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Further reading

Author of this article

Adam Nasli

Trading • Safety • Market Analysis

I bring extensive financial expertise as one of BrokerChooser's earliest team members. Personally, I tested nearly all 100+ brokers on our site, opening real-money accounts, executing trades, assessing customer services, and providing firsthand assessment. My professional background includes roles in the banking sector and a degree from Central European University, where I teach finance. My passions lies in in-depth research of the financial industry, building trading algorithms, and managing long-term investments.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

Visit XM 75.33% of retail CFD accounts lose money

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