HERE IS A LIST OF CTRADER BROKERS AVAILABLE TO SOUTH AFRICANS
Best cTrader Forex Brokers
cTrader is a sophisticated trading platform launched in 2010 by Spotware Systems. The trading platform is new to the market compared to other platforms, but over the years traders have come to appreciate cTrader due to capabilities such as fast execution and easy-to-use interface. What’s more, South African traders can enjoy other benefits of the platform such as risk management, Depth of Market capabilities, and advanced cTrader features that are perfect for new and advanced traders. Today we are going to look at some of the best cTrader forex brokers in South Africa. Let’s jump in.
Benefits of Using cTrader
- cTrader has advanced risk management and order functionalities.
- Depth of Market capabilities.
- Its optimized processing is perfect for advanced traders.
- Build in copy trading feature.
- Advanced charting capabilities.
- cTrader has a plethora of automated trading bots.
Drawbacks of Using cTrader
- The cTrader stop-loss order fluctuates.
- The automated trading bots on cTrader’s catalogue can be unreliable at times.
- You have to connect to Spotware’s global proxy networks. This can risk exposing data through data logging.
Best cTrader Forex Brokers in South Africa
Pepperstone is one of the brokers that offers cTrader to South African traders. cTrader is easy to use and has powerful charting and extensive customization making the platform attractive to South African traders. Pepperstone also supplies three other world-class trading platforms to traders. Apart from the cTrader platform, traders can also use MetaTrader 4, MetaTrader 5, and TradingView which have some of the fastest execution speeds in the market.
Further, Pepperstone offers various trading instruments from various markets. Clients can invest in over 1,200 CFDs on Forex, commodities, indices, cryptocurrencies, shares, and ETFs. The diversity offered by Pepperstone allows traders to spread their risk across the various markets and possibly increase their profit.
Pepperstone offers two main trading accounts that include the razor and the standard account. The standard offers spreads as low as 1.0 pips for major currency pairs with no commission. On the other hand, the razor has a spread of 0.0 pips with a small commission of $3.50 per lot per side when using the MetaTrader platforms. When using cTrader and TradingView, the commission on the razor account sits at $3 per side per lot.
Lastly, the broker is regulated by several organizations around the world. These include the CMA in Kenya, the CySEC in Cyprus, the ASIC in Australia, the FCA in the UK, and BaFin in Germany. Such regulations safeguard the clients and give the broker a good reputation in the market.
FP Markets is yet another broker that offers cTrader to South African traders. The cTrader on FP Markets is available on different devices. These include Desktop, Web, and mobile versions supported by Android and IOS. What’s more, a trader can choose other trading platforms if they better suit their needs on FP Markets. The other platforms available include MetaTrader 4, MetaTrader 5, and Iress.
There are two main accounts that a trader can choose from on FP Markets. They include the standard and the raw account. The standard account features spreads as low as 1.0 pips for major currency pairs with zero commissions. In contrast, the raw account has a spread as low as 0.0 pips for major currency pairs and a small commission of $3 per side per lot.
Regulations play a huge role when choosing a broker and FP Markets does not disappoint. In South Africa, the broker has regulations from the FSCA. The broker also has regulations from well-known regulators in the market including the CySEC in Cyprus and the ASIC in Australia.
Lastly, clients can access over 10,000+ tradable CFDs across various global financial markets. The assets a trader can invest in include forex alongside CFDs on forex, shares, commodities, cryptocurrencies, bonds, and ETFs. This diversity allows traders to diversify their portfolios.
Trading Forex and CFDs entail risk.
Your capital is at risk.
IC Markets offers several world-class trading platforms to South African traders. These include MetaTrader 4, MetaTrader 5, and cTrader. With such diversity, traders can choose the best platform that better suits their needs.
Additionally, ICMarkets has three main trading accounts; the raw spread account (MetaTrader), the raw spread (cTrader) account, and the standard account. The various accounts are spread-based with each account having its spread and commission. The standard account features a spread as low as 0.6 pips for major currency pairs with zero commissions. The raw spread (cTrader) and the raw spread (MetaTrader) account feature spreads as low as 0.0 pips for major currency pairs and a small commission of $3.0 and $3.5 respectively.
Traders who want to diversify their trading portfolio can do so on ICMarkets. Specifically, the broker offers a variety of trading instruments across a number of global markets. The assets offered include CFDs on forex, indices, cryptocurrencies, commodities, stocks and futures. In terms of regulations, the broker is regulated by two of the best regulators in the market. These include the CySEC in Cyprus and ASIC in Australia.
Alongside FxPro’s advanced trading infrastructure, superior order execution, and desk dealing intervention the cTrader platform that is offered by FxPro provides one of the most innovative trading experiences in the market. FxPro boasts of offering the most convenient yet market-standard platforms. Apart from cTrader, the broker has other platforms which include MT4 and MT5.
Further, FxPro offers a variety of trading instruments that enable South African traders to spread the risk of investment across various markets. In particular, the wide range of trading instruments includes CFDs on forex, indices, futures, shares, and cryptocurrencies. The fees for trading these instruments are within market standards. In particular, they start from as low as 1.2 pips for major currency pairs on the standard account. However, traders have access to zero spreads on the raw and elite accounts. Both these accounts have commissions of $3.5 per side per lot.
Finally, FxPro has licenses and regulations from reputable organizations in the market. The broker has licenses from the FSCA in South Africa, the CySEC in Cyprus, and the FCA in the UK. The FCA and the CySEC especially are some of the most reputable financial overseers in the market.
Trading Forex and CFDs entail risk.
Your capital is at risk.
Fusion Markets is yet another reputable broker that offers the cTrader platform to South African traders. This broker also offers other world-class trading platforms that include MT4, MT5, and the WebTrader. The platforms offered by the broker have intuitive interfaces and some of the fastest execution speeds in the market.
Further, Fusion Markets offers two account types: the zero and the classic account. These accounts feature different kinds of spreads and commissions depending on the account a trader chooses. The spread on the zero account starts from as low as 0.0 pips for major currency pairs with a small commission of AUD 4.50. On the other hand, the classic account features spreads that are as low as 0.9 pips for major currency pairs with no commission.
Additionally, Fusion Markets offers a variety of trading instruments for South African traders to choose from. The various global markets available include forex, shares, energy, precious metals, and commodities.
While Fusion Markets is not regulated in South Africa, the broker has regulations from one reputable organization in the market. The broker is regulated by the ASIC in Australia which has stringent rules for brokers to follow.
The last broker we will review that offers the cTrader platform to South African traders is Skilling. The broker offers cTrader alongside other world-class trading platforms for traders to choose from. They include Skilling Trader, Skilling Copy, and Skilling MetaTrader 4. Such variety allows traders to choose a trading platform that best suits their needs.
Skilling offers a wide variety of trading instruments to invest in using cTrader and all the other platforms. The markets available include forex, commodities, shares, indices, and cryptocurrencies. Such variety is attractive to South African traders who want to diversify their trading portfolio.
Skilling offers three main account types: standard, premium, and MT4. The standard and the MT4 account have spreads as low as 0.7 pips for major currency pairs with no commission. In contrast, the premium account features spreads as low as 0.1 pips for major currency pairs with a commission from $30 per million traded.
Lastly, the broker has regulations from the CySEC in Cyprus and the FSA. The CySEC is worth highlighting as it ensures brokers offer fair trading environments to traders before handing out a license.
South African traders have access to various brokers that offer cTrader. The brokers on this list offer some of the tightest spreads in the market, a variety of trading instruments, avail world-class trading platforms, and are regulated by at least one reputable organization each.
It goes without saying that this is not an exhaustive list. There are other brokers that offer cTrader to South Africans that did not make the list. We advise traders to do a lot of research and find the best trader that best suits their needs. To make our choices on any list we feature on this website, we usually look at four things as highlighted above. If you resonate with our criteria, then you can take this list as a good place to start with your research.