Best cTrader Broker For Beginners for 2024 - TOP 5

Best cTrader Broker for beginners: Investment Programs

Earning passive income is just as important for traders as earning profit by actively trading. Therefore, it is important to consider investment instruments offered by the company. There are different investment programs and their choice strongly depends on a specific broker. TU analysts have prepared a review of investment programs of the 5 best brokers.

1

FTMO - Investment Programs

Investment Programs, Available Markets and Products of the Broker

The FTMO offer is itself an investment program, the essence of which is as follows: each trader can get 400 thousand USD at his disposal, but before that, you need to go through two test steps. Before testing, there is an opportunity to practice on a demo account.

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The path to becoming an FTMO trader and earning real money consists of 2 steps:

• Evaluation stage. At this stage, the trader chooses the amount of the initial deposit from 10 thousand to 200 thousand US dollars. The test fee, respectively, will be €155 euros for a deposit of 10 thousand US dollars. The higher the deposit, the larger the fee. Requirements: target achieving a profit of 10% of the deposit, which must be received within a maximum of 30 days when trading at least 10 days. It is not necessary to trade all 30 days. Permissible losses are allowed up to 10% of the total deposit or up to 5% daily.

• Verification stage. At this stage, the trader is given up to 60 days to meet the requirements for the maximum daily and total drawdown, but the requirements for the target profit are reduced by 2 times. Conditions are simplified to work on more conservative strategies.

Testing is paid and depends on several factors such as the type of account chosen (regular trading or aggressive) and on the initial deposit amount. The fee is paid only once, so at the second stage, you do not need to pay. If the test is passed, the trader receives real money under management of about 400 thousand dollars. In case of a violation, the test must be re-taken. The number of "retakes" is not limited, but discounts are not provided.

FTMO’s affiliate program:

The FTMO affiliate program involves attracting traders who would like to unleash their potential, but do not have start-up capital. The company offers each affiliate 8% of the fee amount paid by the referral. Each affiliate receives a referral link and marketing materials.

2

FxPro - Investment Programs

Investment Programs, Available Markets and Products of the Broker

Currently, the broker does not offer own programs for passive investment. The situation may change in the future, but now, investors can use the copy trading service from MetaQuotes, the developer of MT4/MT5.

This is how it works:

• Register on the MQL5 website. It’s free of charge and takes up to 10 minutes.

• Download MT4 or MT5 on the broker’s website and install it. Open an account (from the broker’s user account or from the trading platform) and add it to the platform.

• In the “Platform” menu (МТ4) or the “Tools” menu (МТ5) select the “Signals” tab and follow the instructions.

To copy trades, link the trading platform to the MQL5 account. This can be done in the “Signals” tab or the “Service/Settings/Community” menu.

You can copy signals of one or several traders after reviewing their statistics in the platform. Subscription fee is fixed, the money is debited from the MQL5 account. You can unsubscribe from signals any time.

FxPro affiliate program

Any individual or entity can become an Introducing Partner. This program provides for rewards up to 55% of referrals’ income regardless of their turnover. The broker, on its part, provides complete marketing and technological support.

3

IC Markets - Investment Programs

Investment Programs, Available Markets and Products of the Broker

IC Markets offers different passive income options. Certain investment services or products are subject to countries and regulators.

Passive income options offered by IC Marketspass

IC Markets’ office is regulated by FSA and offers the most advanced opportunities for passive income. Subject to the broker’s division, the following investment income options are available:

• IC Social, cTrader Copy Trading, and Myfxbook social platforms in the Signal Start format — FSA;

• ZuluTrade — ASIC and FSA;

• cTrader Automate, MQL4, and MQL5 — all jurisdictions;

• IC Shares to invest in stocks on the Australian Securities Exchange — ASIC.

ZuluTrade, MQL, and cTrader Copy Trading allow traders to completely automate the trading process, which means that trades of chosen providers are copied without the participation of investors. Myfxbook and IC Social are apps for social trading, that is investors decide themselves what trades to copy. cTrader Automate is designed for algorithmic trading and is suitable for experienced traders.

Partnership programs

The broker offers a referral program where existing clients can earn from inviting new ones. How to receive partner rewards from IC Markets:

• Upon registration with the broker, apply for participation in the partnership program;

• Share a unique referral link on thematic platforms, social media, etc.;

• Wait for referrals to start trading.

Each standard lot closed by a referee, brings 0.4 pips of the broker’s spread to the inviting client.

4

Axiory - Investment Programs

Investment Programs, Available Markets and Products of the Broker

Currently, Axiory does not offer any ways to generate passive income. PAMM and MAM accounts and social trading services are not available to clients. However, according to the available information from the support service, the broker is working hard to bring services onboard.

Axiory’ affiliate program:

• Introducing Broker (IB) is a solution for brokerage companies. Affiliates get discounts on spreads, and their clients get the opportunity to work using proven Axiory technologies.

Introducing brokers can pay a broker’s customers for their referral efforts. By choosing the CPA firm, you can earn up to 1,000 USD per client. Broker Axiory provides its partners with marketing materials and landing pages. An affiliate program is the easiest way to get rewarded for attracting new clients.

The trader elects to share his referral link with his friends and acquaintances. If any of them becomes an active client of the broker, the referring trader will receive a bonus from the broker. Company Representative is the most widespread type of cooperation, which accounts for individual payments and agreements. If you are ready to become a representative of the company, you must submit a request through the website on a form.

5

Fondex - Investment Programs

Investment Programs, Available Markets and Products of the Broker

Some brokers provide their clients with opportunities to earn in other ways than active trading. It can be anything from investing in partner startups to cryptocurrency staking. While most traders come to such platforms to trade independently, secondary income is never redundant, especially when it comes to copy trading services where there is little change for signals providers in terms of trading. PAMM accounts, in this sense, require more attention, although the level of automation in such solutions is often quite high. Auto-trading stands apart as it is less common. In this case, traders must trust the software algorithms rather than human beings. Nevertheless, Fondex clients also have the opportunity to work with such solutions.

Copy trading

All copy trading services operate according to the same protocols. A trader can register as a signals provider or an investor. The signals provider broadcasts their trades, and investors can connect to them and duplicate their actions on their accounts. If a trade is successful, everyone receives a profit equivalent to their proportional investments. Additionally, investors pay a small percentage of their earnings to the signals provider for their services. However, if a trade is unsuccessful, everyone loses their trade. Importantly, investors are not obligated to precisely replicate the provider's stake. Copy trading is advantageous because it offers a unique opportunity to observe the work of a professional. Fondex guarantees absolute transparency, and the Fondex cTrader Copy provides full control over the copying process and allows for deep customization.

Automated trading service

Such services are much rarer than copy trading and joint accounts, and they are less in demand because traders prefer to trust other traders rather than machines. However, the cBot robot developed by Fondex employees has shown high performance. The trader simply needs to select a bot in the trading platform and customize it to their preferences. To ensure that the bot enters and exits trades effectively, multiple parameters can be set, including moving averages, Gann indicators, various oscillators, and even Fibonacci ratios. The bot will strictly follow the instructions while intuitively adapting to current trends, allowing it to successfully close many trades. There is a function to test parameters using historical data, which is particularly useful for beginners. Experienced traders with programming skills can create and optimize their bots based on cBot.

What is a Good CFD Trading Provider for Beginners?

A good CFD trading provider for beginners should offer several features that can help new traders get started in CFD trading. Here are some of the things that a good CFD broker should offer:

Low Minimum Deposit

A good CFD trader provider for beginners should not have a high minimum deposit requirement. Trading CFDs involves a certain degree of risk, and it is vital that beginner traders are able to start trading without having to risk too much capital. Forex minimum deposit requirements enable them to practice trading on a live account with low risk and help them build their trading confidence.

Accounts for Beginners

A good CFD trading provider should offer demo, cent, and micro accounts for beginners. For instance, demo accounts allow traders to practice trading without risking real money. They should also offer cent and micro accounts that enable traders to open small positions with minimal capital while gaining real market experience. These account types are better suited for new traders who are just starting out and need to build their trading skills gradually.

Passive Income Options

A good CFD trading provider should also have passive income options available to its clients. Passive income options such as copy trading and PAMM accounts allow traders to earn extra income without having to actively manage their trades. This is an excellent option for beginner traders who may not have enough time to actively manage their trades but still want to earn additional income.

Advanced Educational Content

A good CFD trading provider should offer educational resources to help beginner traders learn the ropes. Advanced educational content such as webinars, tutorials, and online courses can help beginners learn trading strategies, understand risk management, and familiarize themselves with the trading platform. This can be a big help in building their confidence in their ability to trade and ultimately become successful traders.

By finding a CFD trading provider that offers low minimum deposit, accounts for beginners, passive income options, and advanced educational content, new traders can confidently enter the world of CFD trading and start to build their trading skills and experience.

Can I Make Money in CFD Trading as a Beginner?

Yes, it's possible to make money in CFD trading as a beginner, but it's not easy. It requires discipline and dedication to research and refine your skills. You need to have a robust trading plan that is regularly updated as you gain more experience. It's also essential to find the right broker who offers demo accounts with virtual funds so you can practice before investing real money. Trading CFDs involves risk, so it's best for experienced traders rather than beginners.

How To Start Trading CFDs Better

Trading CFDs can be a complex and risky undertaking, but with the right approach, you can improve your performance and increase your profitability over time. Here are some tips to help you trade CFDs effectively:

Learn the Fundamental Concepts

Before you start trading, it is essential to understand the fundamental concepts behind the CFD market. Understand the factors that drive market trends, the role of leverage, and how margin works. Learn about the difference between long and short positions and how to analyze market data to make informed trading decisions.

Practice on a Demo Account

Before you start trading with real money, practice on a demo account. This will enable you to test various trading strategies, familiarize yourself with the trading platform, and gain experience without risking your capital. Take advantage of the demo account to refine your approach and develop your trading skills.

Pay Attention to Risk Management

CFDs offer several advantages, such as the ability to leverage, which can increase your potential profits. However, keep in mind that it also carries potential risks. A sound risk management strategy is essential. To manage risks, you must set stop-loss orders and use moderate leverage. Proper risk management is critical for long-term success in CFD trading.

Use Technical Analysis

Technical analysis is a powerful tool that can help you predict market trends and make informed trading decisions. Learn about technical indicators such as moving averages, oscillators, and Bollinger bands, and understand how they work. Use charting software to analyze market data and identify trends, support, resistance levels, and price patterns that can provide valuable insights into market behavior.

Plan Your Trades and Stick to It

Develop a comprehensive trading plan that outlines your approach, risk management strategy, and exit criteria. By developing a detailed plan ahead of time, you can reduce the likelihood of making impulsive decisions based on emotions or speculation. Stick to your plan, and don't let your emotions govern your trading decisions. Consistency and discipline are critical components of successful CFD trading.

Can I Make Money in CFDs Without Large Investments?

Yes, you can make money with CFDs without having to make a large investment. Most CFD brokers have a low minimum deposit requirement, which means you can start trading with a small amount of money. The minimum deposit can range from $10-$200, depending on the broker. The reason why this is possible is that CFDs are traded on high leverage, which enables you to trade with a fraction of the trade's value as your initial margin deposit.

The maximum leverage ratio varies from broker to broker and the region of the world. For example, in the EU and the UK, the maximum leverage ratio for retail traders on CFD trades is capped at 1:33. However, professional clients can still have access to high leverage with additional requirements.

On the other hand, for offshore regulated entities, the maximum leverage ratio can rise to as high as 1:1000. Countries like Belize, Seychelles, and the Cayman Islands offer offshore regulation for CFD brokers, often with more relaxed regulations and a lower level of investor protection.