Top 5 cTrader Brokers in 2024
1. Octa - Best for overnight trading (no swap fees)
OctaFX is a reputable broker that offers competitive trading conditions on 300+ instruments, with spreads from 0.6 pips and zero non-trading commissions. The broker provides access to popular MT4/5 trading platforms and a proprietary OctaTrader platform with advanced features.
The company offers bonuses, contests, and a comprehensive education section to enhance traders' skills. With a strong focus on the Asia-Pacific region and a growing global presence, OctaFX has earned numerous awards for its services.
While passive investment options are limited to copy trading, OctaFX's overall trading environment and excellent customer support make it an attractive choice for traders seeking a reliable and user-friendly experience.
🏛 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)
FxPro is a well-established broker offering traders access to over 2,100 financial instruments across multiple asset classes, including Forex, stocks, commodities, indices, and cryptocurrencies. It is regulated by reputable authorities – FCA, CySEC and others.
The broker stands out with its focus on technology and offers an average order execution speed of 14-30 ms, setting a market benchmark. FxPro also provides an impressive suite of trading tools and educational resources, such as Trading Central analytics. The minimum deposit of $100, however, is higher than some competitors.
With a company capital exceeding 100 million euro, and a track record of reliability, FxPro stands out as a top-tier choice for traders looking for a secure and dynamic trading environment.
🏛 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 29B per day)
IC Markets stands out as a highly reputable broker offering trading with 2,250+ instruments across Forex, stocks, commodities, cryptocurrencies, and more.
The broker provides ultra-fast execution with order speeds up to 40 milliseconds facilitated by its top-tier liquidity partners and processes over $29 billion in Forex trades daily. With a strong focus on active traders, it offers ECN accounts with raw spreads from 0 pips and leverage up to 1:500 (based on which regulator's rules apply to a trader's account). Copy trading is also well-supported through integration with ZuluTrade, cTrader Copy, and other platforms.
IC Markets clients benefit from robust security and regulatory licenses from ASIC, CySEC, and others.
🏛 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 |