Forex  

IC Markets cTrader and MT5

Get to Know The Differences Between IC Markets cTrader and MT5 Below!
Get to Know The Differences Between IC Markets cTrader and MT5 Below!(Photo by Austin Distel on Unsplash)

It is no longer a public secret that people’s interest in the world of forex trading is increasing day by day. Moreover, now people can easily carry out forex trading activities using superior platforms such as IC Markets cTrader, MetaTrader (MT5) and various other popular forex trading platforms.

Of the many forex trading platforms on the market, in this discussion we will discuss a number of differences between the cTrader and MT5 platforms that perhaps not many people know about.

What are the differences between IC Markets cTrader and MT5 trading platforms?

As discussed at the beginning, nowadays it is becoming easier for people to carry out forex trading activities. This is because there are many trading platforms such as Indomt5, cTrader, MT5 and others.

However, did you know that of the many forex trading platforms on the global market, it turns out there are still some people who are curious about the differences between cTrader and MT5. Basically, you can see the differences between cTrader and MT5 from various aspects, including the following.

1. Design and navigation

One of the differences between cTrader and MT5, you can see in terms of the design and navigation offered to traders. Where for the MT5 platform, it usually displays an old Windows 98 style design pattern that is almost similar to the MT4 version with exactly the same navigation. Meanwhile, the cTrader platform itself displays a more innovative and modern design with navigation that certainly makes it easier for users.

2. Charts and time frames

Regarding the charts and time frames of ICMarkets cTrader and MT5, they generally have quite significant differences. The MT5 platform usually offers 3 different types of graphics with 21 time frames for traders. This is very different from the cTrader platform, which offers 9 types of graphics and 54 time frames as well as more than 70 technical indicators built into it.

3. Types of orders offered

Furthermore, you can also see other differences between cTrader and MT5 in terms of the types of orders offered in them. Which on the cTrader platform, usually gives users permission to use pending orders even though the market is closed. And this is usually not available on the MT5 platform. Even the cTrader platform itself also allows for much easier order configuration.

4. Process automation and other features

Finally, you can also see other differences between cTrader and MT5 in the automation process and the features offered in them. Where for the MT5 platform, traders will usually get an automatic trading program feature known as Expert Advisors. As for the cTrader platform itself, it usually uses a trading program known as cBots.

A look at some of the differences between the ICMarkets cTrader platform and MT5 above. This certainly makes it easier for you to consider choosing the trader platform you will use later, right?

Leave a Reply

Your email address will not be published. Required fields are marked *