Top 5 cTrader Brokers in 2024
1. Octa - Best for overnight trading (no swap fees)
Octa is a broker of choice for investors worldwide who wish to trade CFDs on highly favorable conditions, including lower entry thresholds and short to medium-term trading strategies. Octa was launched in 2011, and has grown to be on the edge of the industry today. Octa offers top services for both traders who choose live trades and investors who choose copy trading. Today, Octa is proud to serve over 6.6 million customers globally as an intermediary to the financial markets. The company mainly focuses on the countries of the Asia-Pacific region, in particular India, Indonesia, Malaysia, and others. Octa is a world-known broker that has won more than 60 awards.
🏛 Regulation: |
FSCA, MISA, CySEC |
💻 Trading platform: |
MetaTrader4, MetaTrader5 |
⭐ Trading features: |
All trading strategies are allowed; MT4 account with a floating or fixed spread. |
📋 Orders execution: |
Market execution |
🏛 Liquidity provider: |
No data |
2. FxPro - Biggest choice of currency pairs (70+ FX CFDs)
The FxPro broker was registered in July 2006 in Cyprus. The company’s activities are licensed by financial regulators: CySEC, 078/07 (Cyprus), Bahamas SCB (SIA-F184), FCA, 509956 (UK), and South African FSCA (45052). FxPro is successfully operating in more than 170 countries for retail and institutional clients. The broker has received more than 85 awards, including “Best Forex Trading Platform” and “Best Trading Platform”. FxPro has become known for providing the best trading tools.
With FxPro broker, traders can trade more than 70 currency pairs, futures and stocks (Twitter, Apple, Google). The broker has over 2,100 trading assets in its pool, including cryptocurrencies, which are subject to the account type. The basic set of assets is available on cTrader accounts, the full set is available on accounts opened on MT4 and MT5. FxPro sets high safety standards with the client's funds being kept in large international banks. They are insured and separated from the broker's equity.
🏛 Regulation: |
FCA, CYSEC, FSCA, SCB |
💻 Trading platform: |
MT4, MobileTrading, MT5, cTrader, FxPro Edge |
⭐ Trading features: |
Scalping - for all types of financial instruments; Negative balance protection for customer accounts; 24-hour multilingual support, 5 days a week; Advisors; Algorithmic Trading. |
📋 Orders execution: |
Market Execution |
🏛 Liquidity provider: |
12+ |
3. IC Markets - Biggest Forex broker by trading volume (average volume over 22.68B per day)
IC Markets is a multi-regulated STP/ECN broker that offers trading of 2,250+ instruments on MetaTrader, TradingView and cTrader platforms. Currently, IC Markets provides its services to over 200,000 clients worldwide. The broker processes over 500,000 trades daily and its monthly trading volume is almost $1.4 trillion as of June 2024. It is regulated by CySEC, ASIC, and FSA. The broker was incorporated in 2007 and is constantly developing, improving, and adding new services and products.
🏛 Regulation: |
ASIC, CySEC, and FSA |
💻 Trading platform: |
MT4, cTrader, MT5, TradingView |
⭐ Trading features: |
Scalping and expert advisors; Maximum number of orders is 200 for MT4/MT5; and 2,000 for cTrader. |
📋 Orders execution: |
Market |
🏛 Liquidity provider: |
Westpac and National Australia Bank |
4. Deriv - Best for trend-following strategies (using the company's unique trade type called Multipliers)
Deriv is a brokerage company that started its activities in 1999. Deriv's mission is to make trading accessible. For this reason, the company has low minimum deposit requirements, but high-quality working conditions. DTrader is one of the broker's several proprietary trading platforms. Two others are Deriv bot and Deriv MT5. Deriv offers its clients to trade Forex assets, stocks, indices (including synthetic ones), CFDs, commodities, and options. Deriv is an international broker licensed and regulated by the following bodies: Vanuatu Financial Services Commission (VFSC, 14556), Malta and Labuan Financial Services Authority (MFSA, 71479 and Labuan FSA, MB/18/0024), BVI FSC (SIBA/L/18/1114). The rights of traders are guarded by the Financial Commission, of which Derive is also a member.
🏛 Regulation: |
MFSA, LFSA, VFSC, BVI FSC |
💻 Trading platform: |
Deriv bot, Deriv MT5, Derivix, Deriv Trader, SmartTrader |
⭐ Trading features: |
Trading with synthetic indices and options is available; Cryptocurrencies trading. |
📋 Orders execution: |
Market |
🏛 Liquidity provider: |
No data |
5. IronFX - Best for VIP services (access to prop traders, forecasts, free VPS)
IronFX was launched in January 2010 by a team of specialists in finance and software development. Today, IronFX has grown to be among the industry leaders that provide online trading services globally. Customers can use the MT4 advanced trading platforms and trade more than 300 tools from 6 various asset classes. IronFX serves individual as well as corporate clients from over 180 countries. IronFX is highly valued for providing cutting-edge technological innovation on trading platforms and trading tools.
🏛 Regulation: |
CySEC, FCA, FSCA |
💻 Trading platform: |
WebTrader, MetaTrader4 |
⭐ Trading features: |
Indicators; Advanced Terminal. |
📋 Orders execution: |
ECN, STP, Market Maker |
🏛 Liquidity provider: |
Not indicated |