US based MB Trading and Spotware systems have announced that the broker will begin to offer cTrader to its clients. Following the release of the platform, MB Trading becomes the first US licensed broker to offer cTrader to its customers. A multi-asset broker, MB Trading whose services include equity and futures trading along with forex, the firm focuses on the active trader segment. According to company data, MB Trading ended Q1 with over 3200 US active non-discretionary forex accounts.
The current partnership with Spotware is specifically for MB Trading’s forex account customers, and the platform isn’t being offered for use with other asset classes. Ilya Holeu, Head of Sales at Spotware Systems, confirmed to Forex Magnates that in addition to forex and CFD trading, the technology provider is working on expanding integration of other asset classes. Asked about the ‘Proxy Cloud’ product which offers cTrader users localized access points for connecting to trading servers, Holeu answered that the feature includes many local US connection points for lower latency performance.
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For MB Trading’s forex accounts, the cTrader platform is being offered alongside the broker’s proprietary MBT platform, MetaTrader 4, and NinjaTrader. In its forex offering, MB Trading has always marketed itself as an ECN broker. As such, the addition of cTrader fits into their existing branding. The new offering also provides addition choices for US based forex customers. Due mainly to equities and futures grabbing the majority of trader interests, as well as an expensive and cumbersome regulations to operate in the US, forex offerings in the country are limited when compared to the rest of the world. As such, the entrance of cTrader provides MB Trading with a unique product type when marketing to US customers.
Commenting on the launch, Ross Ditlove, CEO of MB Trading stated in the company’s press release that “MB Trading has always been interested in offering the latest platforms for traders.” He added “We are impressed with the growth of cTrader in Europe and Asia and found the refined interface, efficient charting, and outstanding algorithmic trading language to be an exciting FOREX technology asset. We are thrilled to be the first US broker to offer this new platform and encourage both manual and script-based Forex traders to compare it to their current platform. MB Trading is pleased to be partnered with Spotware and will continue to implement deeper and tighter integration with our trading systems.”