Devexperts, has released an update to its DXtrade mobile trading application, introducing a new home screen aimed at enhancing user experience and broker engagement. The move comes just a day after one of the companies main competitors, Spotware, presented the upgraded 5.1 version of cTrader.

DXtrade Updates Mobile Trading App

The latest version of the DXtrade mobile app, Version 312, features a redesigned home screen that provides traders with access to portfolio metrics, real-time updates on open positions, and active order tracking. This update is designed to streamline mobile trading and offer users a more comprehensive view of their trading activities.

The new home screen includes an Account Card showing account information and metrics, buttons for deposits and withdrawals, and sections for monitoring active positions and pending orders.

“With a view to helping brokers further increase trader engagement, the new home screen also includes customizable shortcuts and CTAs, allowing for links to deposits, withdrawals, and external resources to appear directly on the home screen,” the company commented in the official press release.

The update also includes integration with TradingView, a charting platform, and allows users to create Limit orders visually from charts. Available on iOS and Android platforms, the DXtrade mobile app is offered in a white-label format for broker customization. The company provides a demo environment for potential clients to explore the app's features, including demo trading across various asset classes, price charts, and portfolio monitoring.

Spotware Unveils cTrader 5.1

Just yesterday (Wednesday), Finance Magnates reported that Spotware also introduced a new version of its platform, launching cTrader 5.1. Like Devexperts, the update applied to both the mobile app and the desktop version for Windows and Mac devices.

The mobile version now offers a smoother and faster experience, ensuring reliable performance even in volatile market conditions. Speed and stability improvements reduce latency, allowing traders to execute orders more efficiently while managing positions with greater ease.

Brokers can now embed cTrader charts directly into their websites, making it easier for traders to analyze market data. The update also includes a refined risk-reward tool with automatic rounding, persistent toolbar positions, and improved keyboard navigation for a more seamless experience. Additionally, cTrader Copy now requires live accounts for strategy providers, enhancing transparency and investor protection

"With the release of cTrader 5.1, we continue to elevate the trading experience by introducing powerful new features for algorithmic traders, improved UI controls, and greater extensibility across all platforms," said Denis Kiselev, Head of Product at Spotware.

cTrader and DXtrade Compete for Dominance in Prop Trading Market

In 2024, platforms from Devexperts and Spotware gained significant attention among traders in a market long dominated by MetaQuotes’ MetaTrader 4 and 5. This year brought turbulence to the prop trading scene, partly due to actions from the platform provider, prompting a strong response from retail investors.

James Glyde, CEO of PipFarm, acknowledged that MetaQuotes, the company behind MetaTrader, unintentionally gave its rivals a boost. By criticizing the prop trading challenge model, MetaQuotes sparked a shift that Glyde credits for shaking up the industry.

Glyde explained to Finance Magnates that MetaTrader’s restrictions ended up being a gift to competitors. cTrader has definitely benefited from recent developments, as 27% of PipFarm survey’s respondents chose it.

Devexperts’s New Institutional Trading Platform

In the meantime, Devexperts introduced DXtrade Institutional, a new platform designed for institutions like banks, hedge funds, asset managers, and market makers . This tool is intended to strengthen their trading systems by providing a tailored, single-dealer solution. It builds on a company’s current setup to boost scalability, improve risk oversight, and enhance the overall user experience.

Unlike earlier DXtrade offerings, which provided off-the-shelf, white-label options, DXtrade Institutional focuses on delivering a fully customized trading environment. It connects smoothly with a firm’s existing back-end infrastructure while providing an intuitive front-end interface.

“This is the first DXtrade product we have launched that is not an off-the-shelf solution, but built specifically for each customer, offering a tailored solution that builds on and improves their existing software and meets firms’ unique operational needs,” Nick Mortimer, Institutional Business Development at Devexperts, commented.

With this platform, companies can reportedly carry out trades directly, maintaining full authority over pricing, liquidity management, and risk controls. DXtrade Institutional also enables trading across various asset types, such as spot, forwards, swaps, and options.