ICMarkets provides users with a variety of platforms to conduct foreign exchange transactions. Notable ones include MT4 ICMarkets and MT5 ICMarkets. However, there is still a platform that has really received a lot of favor from users. Because it possesses the most outstanding advantages, that is ICMarkets cTrader. Below Learn Forex Trading will summarize the most detailed information about the platform, to bring readers useful knowledge.
Learn about the ICMarkets cTrader platform
Let’s find out why it is so popular through the information below!
Definition of cTrader ICMarkets
cTrader ICMarkets is a leading ECN Raw Pricing trading platform today. Provided and developed in 2011 by Spotware Systems Ltd of England. The most outstanding feature of ICMarkets cTrader is that it is set up in an ECN environment.
In particular, transactions are made not based on the Dealing desk or Market. Therefore, investors will enjoy the advantage of extremely fast order-matching speed. Ensuring deep liquidity while remaining transparent and safe. Because of the careful attention to detail, cTrader has been named one of the technology solutions in the financial market. Giving traders the most sublime and effective feeling when investing in foreign exchange.
Why should you choose to trade with ICMarkets cTrader?
cTrader ICMarkets has 3 really outstanding reasons, which have attracted a lot of attention from investors. So what are those 3 advantages, and what advantages do they help traders create in trading? We will answer all of this in the brief information below.
cTrader trading speed and performance are guaranteed to be high
The first is definitely the speed and performance it brings to consumers. As mentioned above, cTrader is built in an ECN environment. Therefore, transactions possess an extremely fast market order matching speed. Furthermore, cTrader ensures optimal liquidity and reduces order slippage. So the trading performance at cTrader is an extremely impressive number.
cTrader ICMarkets has a variety of technical analysis tools
The second reason helps firmly confirm what makes traders choose cTrader ICMarkets. That is an extremely diverse set of technical analysis tools, such as:
- ICMarkets cTrader offers more than 20 types of analysis and research tools. More than 70 technical indicators are built into cTrader.
- There are 26 types of time frames and 5 types of charts in various formats.
- cTrader specifically supports automatLearn Forex Trading robot tools with price warning features when Bid or Ask fluctuates.
- 4 common types of orders are sent to users by cTrader: Stop order, limit order, Take Profit, or Stop Loss.
- There are 20 chart patterns suitable for all different strategies. At the same time, support traders to build their own campaigns.
- All trading processes are optimized with just one simple click.
Place orders flexibly
And the final reason contributes to making cTrader ICMarkets more special than other trading platforms. That is at cTrader, investors can place orders extremely flexibly. Thanks to the support of versatile toolkits such as Time frames, and diverse charts… All are integrated in one click. From there, investors can adjust more flexibly when researching the market and making trading decisions.
What types of orders can be placed on cTrader ICMarkets
Surely after better understanding the ICMarkets cTrader trading platform. Investors will want to learn more about the types of orders allowed on cTrader ICMarkets. Here, you can place 6 different types of orders, this is truly an impressive number that few platforms can meet.
Place market orders
Firstly, it is a market order. This type of order is placed according to the prices being maintained on the market at that time. Order matching speed for the exchange is instant. In particular, traders can sell orders by selecting “Sell by Markets” or buy orders by “Buy by Markets”. However, to apply this order, you need to be really alert in choosing the entry-level.
Stop Loss Order
When participating in trading on the ICMarkets cTrader platform, investors can place Stop Loss orders. When the set expected price has reached the limit, the order will automatically be canceled. Thanks to that, investors can minimize losses and burn their accounts in minutes.
See more: Why is ICMarkets one of the best trading exchanges?
Take Profit on cTrader ICMarkets
For Stop Loss, cTrader ICMarkets certainly must have a Take Profit order. It is the type of order that investors often use to maximize profits in trading. Every time the price reaches a set expected limit, the order will be automatically closed. Thus, transactions will enjoy the best profits.
Pending Order
As for the Pending Order type on ICMarkets cTrader, it will be divided into 2 main types.
Buy-Sell Limit Order
Traders will use the Buy – Sell Limit order according to the formula “Buy low, sell high”. Depending on the fluctuations in the market, when the price is determined to be on the rise, you should execute a “Buy Limit” order. On the contrary, when determining the price line it gradually decreases in the market. Right now you should place a “Sell Limit” order.
Buy – Sell Stop order
For buy-stop orders, the opposite will be applied compared to the formula above which is “Buy high, sell low”. Investors will execute Buy Stop orders when the price trend increases. Or you will place a Sell Stop order when the price is falling compared to the market price at that time.
Thanks to this type of pending order, traders can determine a good time to decide to sell or buy. At the same time, know when to stop to effectively manage risks.
Trailing Stop
A trailing Stop in the Forex world is understood as a trailing stop loss order. This means that investors will use this type of order when their trading begins to make a profit. It is a perfect combination of two types of orders: Stop Loss and Take Profit. Thanks to that, investors can preserve capital in case prices decline. Or maximize profits during gold trading.
OCO order
One last special type of order that you can make on cTrader ICMarkets is the OCO order. OCO is an acronym for the phrase One Cancel Others. It is used in conjunction with open positions in the market and is a combination of stop loss and limit orders. The order will then automatically set the target price and stop the loss level when trading.
In addition, cTrader can also perform ICMarkets copy trading
Researchers especially noticed user interest in copy-trading methods. Therefore, when the cTrader ICMarkets platform was launched, it had a built-in feature that allowed ICMarkets copy trading to be performed for users. This is also considered a superior point, giving investors the most effective passive trading situations.
Compare ICMarkets MT4 – MT5 – cTrader
ICMarkets cTrader was launched after the MT4 and MT5 platforms, so it possesses many advantages. Overcome limitations that MT4 and MT5 ICMarkets cannot do. Let’s compare and find out what the differences are between these platforms!
cTrader ICMarkets vs. ICMarkets MT4
Test between two platforms cTrader ICMarkets and ICMarkets MT4. It has long been one of the top concerns. Because that makes many traders confused, not knowing which platform to trade on. Let us help you put them on the scale to compare and find the differences. Below are the advantages of cTrader compared to MT4, hopefully, it will help you make the most suitable decision.
- The cTrader ICMarkets interface is quite similar to the MT4 platform. It helps users easily observe and operate.
- cTrader is said to have a more diverse set of market research and analysis tools than MT4 ICMarkets.
- Support users to passively trade through famous experts in the Forex market.
- Provides more in-depth coverage of market depths from time to time.
- Fast order matching speed, deep liquidity, and extremely low re-quote rate.
cTrader ICMarkets vs. ICMarkets MT5
So between ICMarkets cTrader and ICMarkets MT5, which is the better choice? According to ICMarkets Review experts, it depends on each trader’s needs. Below are a few differences between cTrader compared to MT5. Through that, readers will probably find a reasonable answer.
- cTrader provides more diverse, modern, and improved tools than MT5 ICMarkets.
- Compared in terms of order matching speed, liquidity, or re-quote rate, cTrader is slightly better than MT5.
Instructions for downloading cTrader ICMarkets
After realizing the obvious outstanding advantages of ICMarkets cTrader. Surely the readers here are very excited and looking for ways to download cTrader ICMarkets as quickly as possible. Please follow Learn Forex Trading’s instructions if you are not really clear about the operations!
How to download cTrader ICMarkets on your computer
For the process of downloading cTrader ICMarkets on a computer device, only 4 basic steps are required.
- Step 1: Access the current ICMarkets main homepage.
- Step 2: In the “Platform” category => Select “cTrader” then click Download according to the provided link.
- Step 3: Extract the downloaded file by double-clicking and selecting “Run”.
- Step 4: Start the software and log in to your ICMarkets account to start trading on the platform.
You can use cTrader web ICMarkets instead of downloading
If you want to use cTrader in a stable version. Then cTrader web ICMarkets is a good choice. Instead of going through the steps of downloading software on your computer, you can access and use it directly on the browser website.
The interface is considered quite similar to cTrader software. At the same time, the features and tools are still guaranteed to be the most modern and improved. Therefore, investors absolutely do not have to worry about quality or experience on this version.
How to use ICMarkets cTrader
So how can you use cTrader ICMarkets if you are a new trader? Please rest assured that we have support through this article.
Description of the ICMarkets cTrader web platform interface
First, we have to learn about the interface of the ICMarkets web cTrader platform. That way, users can clearly understand the layout. From there it is easier to find categories and operations.
- Trading tools: The platform will have trading tools integrated into the “Trading tools” category. Command buttons will be arranged in prominent places on the main home page.
- Financial charts: The “Charting” category helps users identify the market through financial product charts and prices. Located right in the middle of the screen, so it’s easier for you to grasp.
- Customize the interface: To help users be more proactive in capturing and manipulating. cTrader allows you to freely customize the interface with parameters such as Feature location, size, or color…
- Data window: This is where important information about currency pairs and trading products is concentrated. At the same time, it helps traders research market fluctuations.
- Transaction history and list of orders: Here traders will manage the trading orders they have opened. You can also review past transaction history.
- Technical analysis tools: Allows you to use indicators, and information… on ICMarkets to analyze and forecast market fluctuations effectively.
Instructions for placing orders with ICMarkets cTrader
Next is the process of placing orders with cTrader on ICMarkets. The operations are considered not too complicated. So readers can slowly practice to get used to it.
- Step 1: Log in to your account on the cTrader ICMarkets platform after downloading the software. Or use directly on the ICMarkets cTrader web browser.
- Step 2: Open the “Trading Windows” trading window on the main screen => Click to select the currency pair you want to trade at Markets Watch.
- Step 3: Place orders according to purpose and needs. There are 4 types of orders: Market order, stop loss order, take profit order, and pending order.
- Step 4: Fill in information related to the transaction session. For example: Selling or buying price, trading lot volume, limit price to cut loss or take profit…
- Step 5: Confirm the order is successful if all information is correct. Then the trading order will be displayed in the “Order” or “Trade” window.
- Step 6: Observe transactions for changes. Or adjust to be most suitable and effective for the campaign.
How to Copy Trade with cTrader ICMarkets
One outstanding information mentioned above is that: At cTrader, users can perform Copy trade with cTrader IC Markets. So what should I do to start ICMarkets copy trading at cTrader? It’s simple with 3 simple steps as instructed below.
Step 1: Access and log in to ICMarkets cTrader
All cTrader versions, such as download or web browser, use a specific ICMarkets user account. So you can quickly log in with your registered account, avoiding wasting time.
See more: ICMarkets register on your phone is the fastest
Step 2: Select cTrader strategy information
Here, you will have to choose between two options:
- Strategic Providing: If you are a professional supplier. The purpose is to make a profit by sharing personal experiences.
- Investors: If you are a trader who wants to make money passively. Based on the strategies that talented traders have provided.
Step 3: Start ICMarkets copy trading on cTrader ICMarkets
After completing the above 2 steps, you can start copying trades on the platform. Right now, the left-hand side is the user’s account, and the right-hand side is the signal area. Based on that, investors will choose their own trading providers. From there follow them and start making profits from Copy Trade.
Summary:
In the above article, Learn Forex Trading has provided readers with all the information about ICMarkets cTrader. Hopefully, the above information will bring you the most profitable transactions on the cTrader platform.
FAQs:
What devices can cTrader ICMarkets be used with?
The number of customers on ICMarkets is extremely large. With the desire to meet all users’ needs on ICMarkets. cTrader has developed many versions that are compatible with most computer and phone devices.
Should I use cTrader ICMarkets software?
Compared to the above advantages, it brings with it minor limitations. Then ICMarkets cTrader is indeed a perfect choice for you.
Is it possible to start copy trading on cTrader?
Users can earn passively on cTrader by copying trades from talented strategy providers.
