cTrader and MetaTrader are two popular trading platforms used by millions of people worldwide. They are a go-to choice for both experienced traders and beginners that want to get into trading. On the one hand we have cTrader – a platform packed with charting tools, modernistic design, and in- depth functionalities.
On the other – MetaTrader stands tall as the most popular but somewhat outdated trading platform for retail market participants. However, since September 2022, Apple dealt a heavy blow to MetaTrader as it no longer offers the MetaTrader app on its iOS devices. This guide will help you get familiarized with both platforms so you can make the comparison and decide for yourself which one is better for you and your trading goals. Let’s dive in.
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MetaTrader has two active versions – 4 and 5. MetaTrader 4, or MT4, is a trading software developed in 2005 by MetaQuotes. Strangely, since then, the platform hasn’t been through any major design overhauls or otherwise significant changes that will make it more in tune with the times.
It was created with one goal in mind – to provide easy access to forex and CFDs on stocks. Five years later, the company released a newer version – MetaTrader 5. Design-wise, again, not much different than the original. However, more instruments were added, expanding the array of stocks and currencies available for trading.
The rival trading software, cTrader, was launched in 2011 by Spotware. Similar to MetaTrader 5, it also offered a wide range of stocks, currencies, CFDs, and other instruments readily available for trading. A big difference, however, was cTrader’s design. Immediately upon use, traders would feel the smooth and effortless design was helping them navigate the platform more easily and ultimately be better in their trading.
The two platforms differ in several important aspects.
Picking the right trading platform is largely a matter of personal choice. There isn’t really a straightforward answer about whether cTrader or MetaTrader is better. To decide this, you will need to think about what you really need to have in a trading software.
One thing, if you are looking for a more modernistic trading platform with a nice interface and a richer variety of functionalities, you may want to go with cTrader. On the other hand, if you are leaning more into a less-glamorous, old-fashioned trading platform that looks and feels like its stuck in 2004, you may want to go with MetaTrader.
Regardless, both trading platforms will get you where you want to be – trading the world’s markets, watching the charts, and opening and closing trades on currencies, stocks, indices, and commodities.
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