Spotware Systems has added Virex Market, a forex and CFD brokerage from St. Lucia, to its cTrader platform roster, the companies announced today (Thursday).
Virex Market describes itself as a global brokerage focused on providing a technology-driven trading environment for retail and professional traders.
The company's CEO, Wasi Mohammadi, said the partnership is about building a "truly technology-driven brokerage," citing cTrader's architecture as aligned with the firm's values of "fairness, performance, and long-term trader trust."
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The Virex Market deal follows a run of similar announcements from retail trading companies operating outside mainstream regulatory frameworks. Frontbroker, a Mauritius-based CFD broker, integrated cTrader across its client accounts in a recent deal and TFunded, a small LATAM-focused prop firm running a two-phase evaluation model, also joined the platform.
However, in recent months, Spotware also landed two brokers operating under authorization from South Africa's Financial Sector Conduct Authority (FSCA), one of Africa's more structured regulatory environments, namely Vault Markets and Swyft Markets. Both are FSCA-licensed CFD brokers that cited the platform's execution transparency and compliance-friendly architecture as factors in the decision.
Spotware currently puts the platform's total user base at more than 11 million traders across more than 300 brokers and prop firms globally.
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What Virex Market Is Getting
For Virex Market, the cTrader integration provides access to a set of tools the company says aligns with its focus on performance and transparency. These include cTrader Copy, a built-in copy trading feature with disclosed fee structures and strategy performance data, and cTrader Store, a marketplace Spotware says attracts up to 10,000 daily visitors, hosting bots, indicators, copy strategies, and prop challenges. The platform also supports more than 100 third-party FX and CFD integrations through APIs and plugins, the company said.
Yiota Hadjilouka, COO of Spotware Systems, described Virex Market as "taking an innovation-led approach to building its offering" and said cTrader would bring "transparency, powerful tools and best-in-class trading experience tailored to the needs of traders of all levels
Spotware Pushes Beyond Its Core Platform Business
The offshore broker pipeline is not the only thing moving at Spotware this week. The company launched cBridge, a standalone liquidity bridge, declaring the product can reduce bridge costs by up to 80% for high-volume brokers by replacing per-trade billing with flat infrastructure pricing.
The product is platform-agnostic, meaning it connects MetaTrader 4, MetaTrader 5, FIX API environments and cTrader through a single interface, positioning Spotware in more direct competition with dedicated bridge providers.
CEO Ilia Iarovitcyn framed the pricing logic plainly: "as a broker grows, its margins should improve, not its vendor's revenue."
Offshore Launches Attract Experienced Industry Names
The offshore jurisdictions themselves have been drawing a wider range of industry figures. Earlier this month, a former BlackBull Markets chief strategy officer launched TabTrade under Saint Lucia registration, currently running on MetaTrader 5 with plans to add cTrader over time.
TabTrade founder Benjamin Boulter, who spent six years at BlackBull and four years prior at Pepperstone, acknowledged the competitive challenge directly: "In many ways core product offerings have become similar among brokers," he said. "Most offer the same platforms, asset classes, pricing structures, and advertise the same benefits."
