By Chris Cammack Author Information Updated: July 2, 2020

First introduced in 2011, the cTrader platform has become popular enough to rival other cross-broker platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

While MT4 and MT5 are well supported by market maker brokers, cTrader is only supported by ECN Forex brokers. As ECN execution has become more popular with the trading community, cTrader has seen increased demand.

cTrader users claim that it is the best trading platform thanks to its contemporary layout, advanced order protection, depth of market indicator, advanced charting and timeframe options. Like MT4 and MT5 it is also highly customisable and supports algorithm trading using cBots. 

Because it is only supported by ECN brokers, traders who want to use cTrader will only have a short list of options. These are the best cTrader Forex brokers in Malaysia, compared by regulation, trading conditions and overall score.

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  • Broker
    FxPro

    FxPro  - Best cTrader Broker

    REGULATED BY
    FCA FCA
    CySEC CySEC
    FSCA FSCA
    DFSA DFSA
    SCB SCB
    Trading Desk Type
    Trading Conditions
    11110.5
    Minimum Deposit
    USD 100
    Customer Support
    • Website Language: English
    • Support Language: English
    Trading Platforms

    FXPro is one of the largest and most trusted brokers in the industry and, as such, are an excellent choice for new traders. Education for beginners is best-in-class and all three account types are available as Islamic accounts.

    With MT4, MT5, cTrader and a browser-based platform, a reasonable 100 USD opening deposit and outstanding customer service, FxPro offer competitive spreads to match profitability with security. 

    Pros

    • Well regulated
    • Great platform choice
    • Tight spreads

    Cons

    • Limited education
    AccountSpread FromCommissionExecutionMin. Deposit
    FxPro cTrader0.45 pips$4.50MarketUSD 100 Account Details
    FxPro MT41.2 pipsNoneMarketUSD 100 Account Details
    FxPro MT51.52 pipsNoneMarketUSD 100 Account Details
    Islamic1.2 pipsVariableMarketUSD 100 Account Details
  • Broker
    Pepperstone

    Pepperstone  - Most Trusted Broker

    REGULATED BY
    FCA FCA
    ASIC ASIC
    DFSA DFSA
    Trading Desk Type
    Trading Conditions
    11110.5
    Minimum Deposit
    USD 200
    Customer Support
    • Website Language: English
    • Support Language: English
    Trading Platforms

    Founded in 2010, Pepperstone is an Australian ECN broker known for tight spreads, fast trade execution and broad trading platform support. As our highest rated pure ECN broker, if you want to pay a small commission for tighter spreads, you won't find much better than Pepperstone.

    Pepperstone's award-winning 24-hour support provides the foundation for its excellent customer service, where personalised assistance is available via a number of methods. It won the fastest-growing company award (2014) in Australia, from BRW Magazine and in the same year, emerged as the winner of the Governor of Victoria Export Awards cementing its reputation as a serious contender in the industry.

    Pros

    • Well regulated
    • Tight spreads
    • Great platform choice
    • Wide range of assets

    Cons

    • High minimum deposit
    • Limited market analysis
    AccountSpread FromCommissionExecutionMin. Deposit
    Razor0.0 pipsAUD$ 7ECNUSD 200 Account Details
    Standard1.0 pipsNoneECNUSD 200 Account Details
    Swap-free1.0 pipsNoneECNUSD 200 Account Details
  • Broker
    OctaFX

    OctaFX  - Best Trading Platforms

    REGULATED BY
    CySEC CySEC
    Trading Desk Type
    Trading Conditions
    11110
    Minimum Deposit
    USD 50
    Customer Support
    • Website Language: English
    • Support Language: English
    Trading Platforms

    OctaFX is a client-focused, international broker with a loyal following of Malaysian traders. The website is fully translated into Bahasa Melayu and OctaFX are always running competitions and promotions for Malaysian clients; these include a 50% first deposit bonus, demo trading contests with cash prizes and frequent lottery giveaways (prizes include scooters, laptops and other gadgets).

    An Islamic option is available for all account types and new traders will like the excellent analytical section and range of useful trading tools such as AutoChartist, copy trading and an account monitoring service that lets beginners learn anonymously from successful traders. Trader education for beginners is well-presented and platform support is almost unbeatable, with MT4, MT5 and cTrader all offered.

    Pros

    • Great platform choice
    • Fast and free withdrawals
    • Copy trading accounts

    Cons

    • Limited education
    • Restrictive account types
    AccountSpread FromCommissionExecutionMin. Deposit
    cTrader ECN0.0 pips$3.00MarketUSD 100 Account Details
    MT4 Micro0.4 pipsNoneMarketUSD 100 Account Details
    MT5 Pro0.2 pipsNoneMarketUSD 500 Account Details
  • Broker
    IC Markets

    IC Markets  - Best Trading Conditions

    REGULATED BY
    CySEC CySEC
    ASIC ASIC
    Trading Desk Type
    Trading Conditions
    11110.5
    Minimum Deposit
    USD 200
    Customer Support
    • Website Language: English
    • Support Language: English
    Trading Platforms

    IC Markets is one of the few ECN brokers that is truly good for beginner traders; trader education and customer service are both top-notch and with free access to Trading Central - an excellent third-party analytics provider - new traders will feel very welcome indeed. IC Markets runs frequent bonus schemes, some especially for Islamic traders, with commission-free trading on Islamic accounts during Ramadan. 

    IC Markets also offers support for all three leading trading platforms so experienced traders looking for a good ECN broker with the best trading conditions and fast execution should be tempted too.

    Pros

    • Well regulated
    • Tight spreads
    • Wide range of assets
    • Great platform choice

    Cons

    • High minimum deposit
    • Limited market analysis
    AccountSpread FromCommissionExecutionMin. Deposit
    RAW - cTrader0.0 pips$3.00MarketUSD 200 Account Details
    RAW - MetaTrader0.0 pips$3.50MarketUSD 200 Account Details
    Standard - MetaTrader1.0 pipsNoneMarketUSD 200 Account Details
  • Broker
    Fibo Group

    Fibo Group  - Most Assets Available

    REGULATED BY
    CySEC CySEC
    IFSC IFSC
    Trading Desk Type
    Trading Conditions
    1110.50
    Minimum Deposit
    USD 5
    Customer Support
    • Website Language: English
    • Support Language: English
    Trading Platforms

    Founded in Cyprus in 1998, Fibo Group was one of the first online retail Forex brokers. Fibo Group offers both MT4 and MT5 as well as the cTrader platform and has a wide range of account types depending on which platform you prefer. Mainly an ECN broker, Fibo Group offers tight spreads and a low commission on almost all of its accounts. Only one MT4 account has a wider spread and no commission.

    Education is limited but daily market analysis and currency forecasts will be helpful for many beginners. Fibo Group also runs sophisticated copy trading and PAMM accounts for those wishing to subscribe to more experienced traders.

    Pros

    • Great platform choice
    • Low minimum deposit

    Cons

    • Limited education
    AccountSpread FromCommissionExecutionMin. Deposit
    MT4 Cent0.6 pipsNoneMarketUSD 5 Account Details
    cTrader NDD0.0 pips0.005% of Transaction VolumeMarketUSD 50 Account Details
    MT4 Fixed2.0 pipsNoneInstantUSD 50 Account Details
    MT4 NDD No Commission0.0 pips0.003% of Transaction VolumeMarketUSD 50 Account Details
    NT4 NDD0.8 pipsNoneMarketUSD 50 Account Details
    MT5 NDD0.0 pips0.003% of Transaction VolumeMarketUSD 1000 Account Details

All Forex Brokers in Malaysia

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What is cTrader?

cTrader is an institutional-grade trading platform used by a select set of leading Forex brokers.  Launched in 2011 exclusively by FxPro, this beginner friendly software offers high-speed execution with a cleaner user interface than competing Metatrader software.

A little-known fact: 35% more cTrader users are profitable compared to the industry average. This surprising statistic comes from Spotware’s internal calculations and highlights why cTrader has become MetaTrader’s main competitor. But what is it about cTrader that makes traders more profitable?

  • ECN Only: Unlike MetaTrader and most other broker-owned platforms, cTrader only functions as an ECN (Electronic Communication Network) platform. This means that it will only connect traders direct to the global Forex market and won’t allow for any dealing desk intervention, whether automated or not.
  • No broker intervention: cTrader is ECN only because Spotware themselves manages all the infrastructure behind cTrader and the interface you download from your broker, is just that, an interface. The broker can alter commission and spreads, but the price feed and market data cannot be modified.
  • Single Login: Because Spotware manages cTrader’s infrastructure, the cTrader ID you receive when you first log in to the application will never change. This is especially useful as you won’t have to remember new passwords or account numbers, even if you switch brokers.
  • Spotware is invested in your success: cTrader is also offered to brokers on a platform-as-a-service basis, and brokers pay Spotware based on volume traded, meaning that the more traders succeed with cTrader, the more Spotware profits. The result is that Spotware has a real incentive to provide traders with the best chance to trade profitably.

These differences are all enshrined in Spotware’s founding motto: Trader’s First. This guiding mindset has led Spotware not only to ensure that cTrader is an intervention-free platform but also forced them to make transparency and community focus an integral part of cTrader’s business model.

It’s important to note that because cTrader is an ECN only platform, users will have to pay a commission on their trades. Because cTrader posts trades to market, brokers do not have an opportunity to charge a fee in the spread and will always charge a commission instead for their service.

How to Choose a cTrader Forex Broker?

All cTrader brokers are safe due to the platform infrastructure preventing broker intervention, and most of them are very strong all-round. But it is essential to look at the detail of each cTrader broker to find out what differentiates them from each other.  When looking for a cTrader Forex broker, it is important to judge them on the following areas:

  • Trading Conditions: This includes what kind of spreads are available, how much leverage is offered, and how many currency pairs are available. These factors will directly impact your profit or loss, so you don’t want any surprises.
  • Commission: How much commission is charged is an important aspect of all cTrader brokers. It’s also important to consider what currency the commission is charged. If your account currency is different from the commission currency you will want to be mindful of the exchange rate.
  • Minimum Deposit: This changes by account type for many brokers, with higher minimum deposits often linked to better trading conditions. We will always highlight the minimum deposit available regardless of the account type.
  • Deposit and Withdrawal Methods: All brokers accept traditional payment types such as debit/credit cards and bank transfers, many accept online payments through Skrill and Neteller, and some will also accept Bitcoin. Always check for deposit and withdrawal fees, a few brokers charge a percentage fee for some withdrawals methods, making large drawdowns very expensive. 

cTrader Platforms

cTrader offers three versions of its trading platform, and while the same indicators, objects, layouts and themes are present across all three versions, there are minor changes to functionality:

cTrader DownloadThe desktop version is the most feature-complete version of cTrader, download the application for any Windows PC or laptop. Unfortunately, for Mac users, there is no native application, and you will have to rely on cTrader Web or create a system partition to run Windows applications. It’s important to note that cTrader Copy will only run in the Web version,

cTrader WebThe cTrader Web version is almost as feature-complete as the desktop version except for a few changes. Charts are locked, so they cannot move up and down, and cTrader Automate is unavailable.

cTrader MobileAvailable on iOS and Android, the cTrader mobile app is perfect for traders on the go and has 26 timeframes and over 50 indicators available. Charts have been redesigned for mobile with features such as pinch-to-zoom, fling to scroll forward or backwards, and double-tap to re-centre.

cTrader Forum

The cTrader forum is a place for all cTrader users to post suggestions to the developers for new features for the platform, get support from the community and stay on top of any product announcements and other news. Spotware continuously improves cTrader with enhancements stemming mostly from community feedback; this regular interaction with traders results in several platform updates and upgrades a year.

cTrader ID Site

The cTrader ID Site is a personalised toolbox for anyone holding a cTrader ID. It provides traders with several tools to control their accounts and connect to other traders, apps, and resources.

Standout features include:

  • Credential management: traders can view a list of demo and live trading accounts they own with each broker under the same cTrader ID.
  • Push Notifications: Traders can alter email and mobile push notifications regarding changes and events on their trading accounts.
  • Security: Allows traders to view and revoke active sessions and control which devices are authorised to use cTrader.

cTrader vs MT4

Advocates of cTrader will tell you that it is more beginner-friendly than MT4 and offers high-speed execution with a cleaner user interface. Those who have used both platforms will probably agree with this statement, but in the interest of balance, here are some of the main advantages and disadvantages

cTrader Advantages vs MT4

  • Your platform needn’t be open and connected to your broker to keep a trailing stop loss functioning like with MT4.
  • The ‘Depth of Market’ function is easier to use (colour-coded and different profiles available) than MT4’s.
  • cTrader has several features that make the platform more user-friendly than MT4. For example, on the right side, the chart there is a distance scale in pips (e.g. 50 pips). This is useful for beginners because it gives them an idea of what 50 pips looks like without having to use the crosshair tool to take measurements.
  • cTrader’s data sets (for backtesting trading robots) are more complete than MT4’s and support real tick data backtesting. MT4 often doesn’t have real tick data available.
  • cTrader’s crosshair tool measures pips while MT4 measures points. This makes it easier to make measurements, especially for a beginner. If you measure 50 pips with cTrader, you see 50. If you measure with MT4, you see 500.
  • cTrader has a built-in copy trading feature.
  • cTrader has a FIX API, and its coding language is more versatile than MQL4. The FIX API allows for total portfolio management with a trading bot. For example, a trader could perform cross-instrument trading with a statistical arbitrage robot. This type of trading is not possible with MT4 because each EA only performs calculations on one chart window at a time.

cTrader Disadvantages vs MT4

  • The minimum lot sizing on some stock index CFDs (e.g. GER30) are inconsistent with forex pairs and some other stock indices.
  • Frequent updates can cause delays when you open the platform; this can be a problem if you need to manage a position urgently from your desktop.
  • The MT4 community is much larger than that of cTrader. On the MT4 platform, you can access thousands of EAs, and online forums have much more information

Should I choose cTrader?

cTrader is a welcome alternative for traders who want a cross-broker trading platform with a reputation for transparency, rapid product development and high-speed trade execution.

With clear improvements in trade management and visual aesthetics in comparison to MetaTrader 4, traders who trade with cTrader tend to stick with the choice.

Because cTrader does not support market maker brokers, it will never be an industry standard, but for those willing to pay commission on trades, it is a great platform choice.

Forex Risk Disclaimer

Trading Forex and CFDs is not suitable for all investors as it carries a high degree of risk to your capital: 75-90% of retail investors lose money trading these products. 

Forex and CFD transactions involve high risk due to the following factors: Over-leveraging, unpredictable market volatility, slippage arising from a lack of liquidity, inadequate trading knowledge or experience, and a lack of regulatory protection for clients.

Traders should not deposit any money that is not disposable. Regardless of how much research you have done, or how confident you are in your trade, there is always a substantial risk of loss. (Learn more from the FCA or from ASIC)

Our Methodology

Our State of the Market Report and Broker Directory are the result of extensive research on over 100 Forex brokers. The explicit goal of these resources is to help traders find the best Malaysian Forex brokers – and steer them away from the worst ones – with the benefit of accurate and up-to-date information.

With over 150 data points on each broker and over 3000 hours of research and review writing, we believe we have succeeded in our goal. 

In a world where trading conditions and customer support can vary based on where you live, our broker reviews focus on the local trader and give you information about these brokers from a Malaysian perspective.

All research has been conducted by our in-house team of researchers and writers, gathering information from various company representatives, websites and by sifting through the fine print. Learn more about how we rank brokers

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Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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