IC Markets Rolls Out cTrader
Following up on its partnership to provide social trading via Tradeo’s network earlier this month, IC Markets has announced that
Following up on its partnership to provide social trading via Tradeo’s network earlier this month, IC Markets has announced that it will be providing the ECN trading platform, cTrader, to its clients. The new platform will be offered alongside IC Market’s existing Metatrader 4 ECN product and makes IC Markets the first Australian based broker to launch cTrader accounts. For Spotware Systems, the developer of cTrader, the news adds to a growing list of brokers offering the ‘ECN only’ platform to their platform, which includes FXOpen and Divisa Capital.
IC Markets Launches cTrader True ECN Forex Trading Platform
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International Capital Markets Pty Ltd (IC Markets), one of the world’s fastest growing Forex brokers has added the cTrader ECN platform to complement its existing market leading Metatrader 4 True ECN offering.
The cTrader ECN platform offers many of the advantages of IC Markets Metatrader 4 True ECN account with the added benefit of inverted or negative spreads, VWAP trading, partial fills and built in Virtual Private Sever (VPS) functionality.
Ilya Holeu, Spotware Systems Managing Director said: “We are pleased to be partnering with fast growing ECN broker, IC Markets. IC Markets are the first ASIC regulated Australian based broker to be offering the cTrader platform setting a new benchmark in the region”.
Hosted in the Equinix LD5 data center in London, the cTrader trading platform offers unrivalled order execution speeds, which when combined with the added features of the platform and some of the tightest spreads globally make IC Markets cTrader ideal for active day traders and scalpers.
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Andrew Budzinski, IC Markets Managing Director said: “IC Markets is committed to constantly improving our forex offering, the addition of cTrader to our range of forex trading platforms is testament to this”.
IC Markets cTrader ECN forex trading platform gives day traders and scalpers access to:
• True ECN market place with inverted (negative) spreads – the lowest spread offered by any Australian based broker
• 400:1 leverage
• One-Click Trading and Full trading DOM
• VWAP trading
• Partial Fills
• Access to interbank liquidity from over 50 different banks and dark pools
• Micro-lot trading
• Zero stop-loss and take-profit order restrictions
• 60 currency pairs, plus metals
• Commission rates of only $50 per million traded
• Servers in the Equinix LD5 IBX data centreAn IC Markets cTrader ECN account can be opened with as little as USD $1,000 and can be accessed via web and downloadable applications.
A True ECN forex platform allows traders the ability to hedge, scalp, and use any type of automated or manual trading strategy. There are no restrictions on how close stop loss or take profit orders can be placed to the current market price. IC Markets cTrader ECN platform is ideal for day traders and those who scalp the markets.
A demonstration of IC Markets new cTrader ECN forex trading platform can be downloaded from the following link: http://icmarkets.com.au/Metatrader-cTrader-Account.htm
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cTrader: is it possible instead of hedging to take advantage of net positions per instruments? So instead of managing individual tickets, I can offset an entire position with one exit (not having to close all individual open tickets)? That was one of mt4’s biggest weaknesses. Although some forex traders ‘prefer’ hedging, there’s no mathematical benefit. The broker benefits greatly from the dual spread/dual commission and reduced risk.
cTrader: is it possible instead of hedging to take advantage of net positions per instruments? So instead of managing individual tickets, I can offset an entire position with one exit (not having to close all individual open tickets)? That was one of mt4’s biggest weaknesses. Although some forex traders ‘prefer’ hedging, there’s no mathematical benefit. The broker benefits greatly from the dual spread/dual commission and reduced risk.
when they say no external VPS required, does that mean that the VPS that they are using for clients is co-located next to the broker’s server? So is the solution on the user’s desktop just a snapshot of what is on the VPS? I’m unaware of exactly how the solution works. I’m thinking that once I shut off my local desktop cTrader, that all trading from my EA stops.
when they say no external VPS required, does that mean that the VPS that they are using for clients is co-located next to the broker’s server? So is the solution on the user’s desktop just a snapshot of what is on the VPS? I’m unaware of exactly how the solution works. I’m thinking that once I shut off my local desktop cTrader, that all trading from my EA stops.
he’s a volunteer
he’s a volunteer
Hi Jon, netted positions are yet not possible on cTrader, however this is something that will be introduced in future. On another hand, close all solves the above inconvenience, and will be available soon. Stay tuned.
Traders First™
Hi Jon, netted positions are yet not possible on cTrader, however this is something that will be introduced in future. On another hand, close all solves the above inconvenience, and will be available soon. Stay tuned.
Traders First™
Closeall or flatten button is good, but managing individual tickets for the same instrument pair comes from a market making mindset, and does not have the retail trader’s best interest in mind (mathematically). Mt4’s implementation of it was a “mistake”; it was totally against industry standards that track net positions (exchange/ECN model). I suppose if it can be made optional on the trader side, then fine. But brokers once again will be taking advantage of the “hedging” thing by letting their clients take the risk for them 🙁 A closeall can take several seconds or minutes if there are hundreds… Read more »
well, fixed spreads is typically a synonym for market making/dealing desk but it doesn’t have to be. i haven’t seen this but technically it’s possible to have fixed speads while offering STP execution (you just mark-up relatively to make spread always constant). Doesn’t make much sense but not impossible.
i doubt fx sol will break the market with this…
well, fixed spreads is typically a synonym for market making/dealing desk but it doesn’t have to be. i haven’t seen this but technically it’s possible to have fixed speads while offering STP execution (you just mark-up relatively to make spread always constant). Doesn’t make much sense but not impossible.
i doubt fx sol will break the market with this…
Alex – In terms of regulation and safety of its citzens’ wellbeing, I think the US does this pretty much better than any other jurisdiction. With freedom comes responsibility, and in the case of the US, far from ‘pushing people around’, the US government is quick to put a stop to overseas companies infringing the law and duping people. Oppression and acting in good faith are two opposites from my perspective. On the subject of New Zealand’s new rulings, it is apparent that this was necessary due to the number of ‘virtual offices’ that existed there previously, the activities of… Read more »
Alex – In terms of regulation and safety of its citzens’ wellbeing, I think the US does this pretty much better than any other jurisdiction. With freedom comes responsibility, and in the case of the US, far from ‘pushing people around’, the US government is quick to put a stop to overseas companies infringing the law and duping people. Oppression and acting in good faith are two opposites from my perspective. On the subject of New Zealand’s new rulings, it is apparent that this was necessary due to the number of ‘virtual offices’ that existed there previously, the activities of… Read more »
Closeall or flatten button is good, but managing individual tickets for the same instrument pair comes from a market making mindset, and does not have the retail trader’s best interest in mind (mathematically). Mt4’s implementation of it was a “mistake”; it was totally against industry standards that track net positions (exchange/ECN model). I suppose if it can be made optional on the trader side, then fine. But brokers once again will be taking advantage of the “hedging” thing by letting their clients take the risk for them 🙁 A closeall can take several seconds or minutes if there are hundreds… Read more »
Hi Jon, unlike other outdated platforms, on cTrader orders are processed simultaneously, i.e. there should not be any additional latency.
Hi Jon, unlike other outdated platforms, on cTrader orders are processed simultaneously, i.e. there should not be any additional latency.