When the MT4 platform was initially released it did not contain a Market Depth feature. For Forex traders, however, this information can be useful, especially for traders trading in large size. In an over-the-counter market like Forex, Market Depth is not something readily available as there is no centralized exchange where all orders are sent. In on-exchange markets, Market Depth is available on any Level II screen, where all traders’ bids and offers are displayed for market participants to see. Market Depth provides traders with key information regarding the quantity of buy and sell quotes at different price levels. cTrader – in-depth comparisonĪ feature that increasingly sought after by retail Forex traders is Market Depth or Depth of Market. There are many reasons for this and in this article, we explore the similarities and key differentiators between these two leading Forex trading platforms. The cTrader platform was launched in 2011 by Spotware and has gained a considerable market share. Over the years, there have been many rivals to MT4, most notably the cTrader platform, which has proven to be a formidable opponent. Even though MT4 is over 12 years old, and Metaquotes has released its newest trading platform, MT5, many FX traders prefer sticking with what is familiar.
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This is due in large part due to its ease of use, continual software improvements that have helped improve the overall functionality over the years and customization, which allows traders to easily create their own custom indicators and algorithms. Several estimates suggest that between 70-80% of all retail Forex traders use this trading platform. cTrader – Which Forex Trading Platform is Better?įrom the time the MetaTrader 4 (or MT4) platform was initially launched in 2005 it has the dominated retail Forex industry as the preferred FX trading platform.
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