The world of trading is highly competitive. The traders must make decisions efficiently to gain maximum profit in minimum time. The traders use various platforms to stay ahead of the competitors and make the right decision at the right time. These platforms support them in executing their actions speedily, managing risks, using various analytical tools while making three choices, and keeping market data transparent for informed decisions. Two of the most competent platforms that work great for the funded account challenges are MatchTrader and cTrader. Traders blindly trust them, making lots of profit using their intuitive interface.
In this article, we shall discuss the difference between MatchTrader and cTrader and discuss the best platform with funded account challenges.
MatchTrader Vs. cTrader: All You Need To Know
MatchTrader is one of the most sought-after trading platforms in the world. Its user-friendly interface, customized workspaces, cost-effectiveness, and integrated economic calendar, among many other features, make it a desirable option for traders.
Though Launched by MatchTrade, it is a new platform that has gained many users quickly. One main reason why it is becoming increasingly popular is that it is an all-in-one trading solution. There is no need for traders to have specific mobile phones or browsers to make trades through MatchTrader. Instead, it works on various gadgets and anywhere in the World.
cTrader has also been making waves since its development. It is extremely easy to use, loaded with desirable features, and makes trading swift and efficient. Though it has a modern and advanced appearance, it is still super easy to use. This makes it a desirable option for new users needing more time to navigate a tricky interface and understand its functioning.
For funded account challenges, here are the features that help the traders showcase exceptional performance:
Stand-Out Features of MatchTrader
Some of the most remarkable features of MatchTrader include:
Fast Execution
The speed offered by this platform to traders is exemplary. Sometimes, traders need to make swift decisions and execute them speedily. In such situations, a platform showcasing lagging can be annoying and negatively affect profit generation. MatchTrader, with its super fast speed, low latency, and no lagging, helps make time-sensitive trades possible. With the quick execution of traders, the users capitalize on trades and generate massive profits from them.
Easy To Use
MatchTrader's interface is straightforward to use and has a straightforward design. This makes it easier for a newbie to take the required actions without getting trapped in the system. As navigation through the platform is uncomplicated, aspiring traders can easily use it.
Economic Calander
Are you a new trader who always needs to remember to monitor your trades? With MatchTrader, you can painlessly manage your past, present, and future trades. The integrated economic calendar offers real-time updates to the users on which they can mark crucial economic events. It also aids them in recalling the previous trades just by looking at the calendar and planning future activities accordingly.
High Customization
This platform is highly customizable, and traders can manage the layout. For instance, some tools and charts come with distinct layouts, and a trader can pick out the design that best helps him understand the process and matches his trading style.
Stand-Out Features of cTrader
Some of the most remarkable features of cTrader include:
Algorithm Support
The most advantageous feature of cTrader is that it uses an algorithm to manage the technical traders and then displays them in various charts and drawing tools. This gives a deep market analysis, letting the trader know about all aspects of the trader. Hence, he is in a position to make informed decisions that turn out highly beneficial.
Despite showcasing extensive algorithm support, the interface is highly user-friendly. Its functioning is straightforward, allowing newbies to navigate through it without getting lost in the technical aspect of the information shared.
Market Depth
Level II pricing offers users an excellent level of transparency. Traders can check their liquidity, make precise decisions, and place orders only when needed. This innovative feature indeed sets cTrader apart from competitors in the same market.
Profile on Cloud
Cloud profiling is an excellent feature of this platform that greatly helps traveling traders. The trading profiles, along with the templates and layouts he uses, are saved on the cloud. This way, he can use the profile seamlessly on any gadget and from anywhere across the globe.
Mobile-Compatability
This platform is highly compatible with laptops, desktop computers, and mobile phones. Thus, users can trade with any gadget anywhere in the world.
Final Thoughts
With their extensive risk management features and adaptability to various trading styles of users, MatchTrader and cTrader are both considered viable platforms for efficient trading. However, if you are a newbie and need a very uncomplicated platform to utilize the newly learned trading strategies, it would be better for you to opt for MatchTrader. On the other hand, cTrader works best for experienced traders who have some proficiency in using automated and advanced tools.