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Feature Comparison: Analyzing The Key Differences Between cTrader And Metatrader 5

Both cTrader and MetaTrader 5 have great trading features, but cTrader stands out with its unique offerings. However, an in-depth analysis of these features will reveal differences that will guide you on which platform to use. Making the right choice regarding cTrader vs MetaTrader 5 could mean a better trading experience. Why not enjoy analyzing charts and the whole trading process?

FEATURES OFFERED BY cTRADER

The cTrader platform has many features that improve your trading experience. That is why Dominion Markets chose this platform. Traders love the platform because of the following reasons:

CHARTING AND TECHNICAL ANALYSIS

cTrader Timeframes

cTrader Timeframes

cTrader offers several chart types and tools for technical analysis. There are nine different charts with 54 timeframes. At the same time, 70 custom indicators are available for technical analysis.

FUNDAMENTAL ANALYSIS

cTrader fundamental analysis

cTrader fundamental analysis

The cTrader platform has a window for fundamental analysis where you can get the latest news. This makes it easy for traders to use both technical and fundamental analysis on the same platform. Additionally, you get a calendar showing upcoming events.

cTRADER COPYTRADING

cTrader copy

cTrader copy

As a trader using the cTrader platform, you can allow other traders to copy your trades and earn more money by charging commissions. On the other hand, if you are a new trader with little trading experience, you can choose to invest in other people’s strategies. Moreover, you can add your risk parameters to the copied trades.

cTRADER AUTOMATE

cTrader Automate

cTrader Automate

With cTrader Automate, traders can build trading robots called cBots and indicators using the C# language. After that, you can backtest your cBots with historical data. The platform will also give you a detailed report of your backtesting, including charts that show the trades taken.

cTRADER OPEN API

The cTrader OPEN API allows more skilled traders to create their trading applications. The Application Programming Interface (API) is free and available to all platform users. This best suits traders who want to start their prop trading systems.

cTRADER FIX API

The cTrader FIX API allows traders to communicate directly with the cTrader server. This takes your trading experience to another level because you can now directly do all your trading operations with FIX messages. Therefore, your connectivity speed goes up and the latency drops. Moreover, the FIX API is free to all traders.

cTRADER WEB

cTrader web lets you access all your charts, tools, and features through any browser. Therefore, it makes it easy to access your account on any device, wherever you are.

cTRADER MOBILE

Traders can download the cTrader App from the App Store or Google Play Store for a more potable trading experience. This makes it possible to carry your trading anywhere you go.

FEATURES OFFERED BY METATRADER 5

The MT5 platform has several features that make it popular among traders. Some of those features include:

TECHNICAL ANALYSIS

MT5 Timeframes

MT5 Timeframes

MetaTrader 5 allows traders to conduct in-depth technical analysis with charts and tools. On the platform, you can simultaneously open up to 100 charts for analysis. Additionally, there are 21 timeframes available for a more comprehensive look at asset prices. The platform has 38 default indicators. However, you can get many more indicators from the marketplace.

FUNDAMENTAL ANALYSIS

MT5 calendar

MT5 calendar

The MT5 platform allows you to conduct both technical and fundamental analysis. It gives traders the latest news and events that might affect asset prices. This is a valuable asset for traders who incorporate fundamental analysis in their trading because they don’t have to keep searching for news anywhere else. Moreover, a window shows the economic calendar, which helps traders anticipate significant economic events like central bank meetings.

TRADING SIGNALS

With the MT5 platform, traders can trade purely with signals from other, more experienced traders. This is like the copy trading feature on cTrader. Some of these signals are free, while others are paid for. Another fantastic feature is the virtual hosting, which enables the platform to operate even when your computer is off. Therefore, your automated robots and signals can keep working, ensuring you never miss an opportunity to trade.

MOBILE TRADING

Traders can use the MT5 App for trading as it provides most of the essential features on your phone. This means you can carry your trading and analysis wherever you go.

WEB TRADING

The web trading feature, like the one for cTrader, allows you to access your charts, tools and indicators, among other features on any browser. This is especially good when you don’t have your computer nearby but want to conduct your normal trading operations.

ALGORITHMIC TRADING

A prevalent feature on the MT5 platform is the Expert Advisor. The platform allows you to use expert advisors to simplify your trading. EAs use algorithms to analyse prices and perform trading operations. Therefore, if you have a good strategy, you can robotise it and have the EA do most of the work for you.

METATRADER MARKET

MetaTrader Market

MetaTrader Market

The Metatrader market for Apps and indicators gives you access to a wide range of trading tools experienced traders make. Therefore, you can always add new and better tools to the platform.

KEY DIFFERENCES BETWEEN cTRADER AND METATRADER 5

Although cTrader and MetaTrader 5 have unique features, traders must always decide which platform best suits their trading style. Therefore, to make a choice on cTrader vs MetaTrader 5, we must look at the differences between these two platforms.

USER INTERFACE

There is a big difference in the user interfaces of cTrader and MetaTrader 5. cTrader has a more modern look that allows you to change many things on the platform. You can even change the theme. On the other hand, MetaTrader 5 has a more rigid and old-fashioned design. However, the old-fashioned design is simple. Therefore, you can easily find whatever you are looking for.

CUSTOMISATION

cTrader offers a very high level of customization, allowing you to change how the platform looks and how you interact with the various features. This will enable traders to personalize the platform for a better trading experience. Meanwhile, although MetaTrader 5 has improved on MT4, customization levels cannot reach cTrader's. The platform does not allow you to change many things. Therefore, you take most things as they come.

CHARTING AND TECHNICAL ANALYSIS

Although most features on charts and tools are similar for both platforms, some differences might help you decide on cTrader vs MetaTrader 5. While MT5 offers three chart types, cTrader offers 9.

Therefore, with cTrader, you can analyze prices using more types of charts. Moreover, while MT5 offers 21 timeframes, cTrader offers 54 timeframes, catering to the needs of more traders. Finally, with the cTrader platform, you can detach single charts for analysis and trading.

TYPES OF ORDERS

Most of the orders are similar for cTrader and MetaTrader 5. However, one significant difference is that with cTrader, you can use pending orders even when the market is closed. Therefore, you can do a lot of planning over the weekend and place your orders before the market opens. This is not the case for MetaTrader 5.

ALGORITHMIC TRADING

While both platforms allow traders to use algorithms for trading, MT5’s Expert Advisors are more popular and available. This is because the platform has a bigger following online. Therefore, more traders are making EAs for the platform than those making cBots for cTrader.

When it comes to cTrader vs MetaTrader 5, you must look at an in-depth analysis of the two platforms as we have done above. With this information, you can join Dominion Markets and start experiencing the features of cTrader today.