MetaTrader 4’s MQL4 programming language enables traders to build and customize expert advisors, while cTrader’s equivalent, cAlgo, which is based on the C# programming language, allows for the creation of robots (cBots) to execute trades, build custom indicators, perform strategies or backtesting. If we look for similarities between the two platforms in terms of features or functionality, perhaps the biggest one would be that both platforms are meant for Forex and CFD trading and not for Stock, Option or Bond trading.Īnother similarity can be found in terms of platform accessibility, as both MetaTrader 4 and cTrader can be accessed from Windows PCs, mobile devices and also have web-based versions.Īlso, both platforms allow algorithmic trading with the use of trading robots. The depth of market (DOM) feature with level ii, ECN/STP market execution, algorithmic trading via cBots, backtesting capabilities and the order types are among the strongest points that make cTrader outshine MetaTrader 4.
#What is ctrader software
The MT4 was replaced by the upgraded MetaTrader 5 trading platform, which was branded as a multi-asset trading platform.ĬTrader platform is an all-in-one multi-asset trading software that has more advanced trading capabilities. The MT4 platform is licensed to over 1,200 brokerage trading firms, but it has stopped offering new licenses to forex brokers since 2018. The parent company MetaQuotes developed the MT4 trading platform in 2005. On the other hand, the MetaTrader 4 (MT4) by MetaQuotes Software is the de facto standard platform in forex trading. The cTrader platform was launched in 2011 by Spotware Systems, a Fintech company headquartered in Limassol, Cyprus.
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