TradeLocker vs cTrader: Which Trading Platform Suits You?

In short: TradeLocker is built around TradingView charts, a simple interface and a built-in risk calculator. cTrader, made by Spotware, is a mature platform with its own charting, C# automation through cBots and a built-in copy trading service. Your broker's prices and execution matter more than either platform.

TradeLocker and cTrader are two of the most common alternatives to MetaTrader. Both run on desktop, web and mobile, and both are offered by many forex brokers and prop firms. They suit different kinds of traders, though. This guide compares them on the points that matter most day to day.

At a glance

• Made by: TradeLocker is developed by TradeLocker Limited. cTrader is developed by Spotware Systems.
• Charts: TradeLocker integrates TradingView charting. cTrader uses its own charting package.
• Automation: cTrader runs automated strategies called cBots, written in C# through cTrader Automate. TradeLocker offers Studio for building and running bots without coding in a traditional language.
• Copy trading: cTrader has an integrated copy trading service. Copy trading is not a core TradeLocker feature.
• Risk sizing: TradeLocker has a built-in risk calculator on the order ticket. On cTrader, sizing is usually set by the trader.
• Devices: both offer web, desktop, iOS and Android access.

Charting

If you already chart on TradingView, TradeLocker will feel familiar straight away: the drawing tools, indicators and layouts work the way TradingView users expect, inside the trading platform. cTrader's own charts are well regarded and include a wide range of indicators, timeframes and chart types, but they take some learning if you come from TradingView. See TradingView indicators on TradeLocker for how they work in practice.

Automation and algorithmic trading

This is the biggest difference. cTrader Automate lets developers write cBots and custom indicators in C#, a widely used programming language, with backtesting built in. That suits traders who code or who buy ready-made cBots. TradeLocker takes a different route with Studio, which is designed to let traders build and test strategies without writing code. If you depend on a specific coded strategy, check that it can run on the platform before you choose.

Copy trading

cTrader Copy lets you follow other traders' strategies from inside the platform, where your broker supports it. TradeLocker does not focus on copy trading, so if copying others is central to how you trade, cTrader has the advantage.

Ease of use and risk management

TradeLocker is designed to be quick to learn. Its order ticket can calculate position size from the amount you want to risk, which helps beginners avoid oversized trades. cTrader has a more detailed interface with features such as depth of market, which experienced traders often value. Whichever you use, set a stop loss on every trade. Our guide to forex risk management covers the basics.

Which should you choose?

• Choose TradeLocker if you like TradingView charts, want a clean interface and built-in risk sizing, and trade manually.
• Choose cTrader if you write or use C# cBots, want built-in copy trading, or prefer a more detailed, professional-style layout.

Either way, the broker decides your spreads, commissions, execution and withdrawals. Read how to compare TradeLocker brokers before you choose where to open an account.

Want to try TradeLocker? Clarity FX is an ECN TradeLocker broker for forex and crypto, with free demo accounts and no minimum deposit. Open an account.

Frequently asked questions

Is TradeLocker better than cTrader?

Neither is better for everyone. TradeLocker suits traders who want TradingView charts and simplicity; cTrader suits traders who automate in C# or use copy trading.

Can I use both?

Yes, if your broker or brokers offer both. Many traders keep a demo on one platform while trading live on the other.

Does Clarity FX offer cTrader?

No. Every Clarity FX account runs on TradeLocker.

Keep reading

• TradeLocker vs MetaTrader 5
• TradeLocker vs MT4
• TradeLocker demo account

Sources: TradeLocker vs cTrader (TradeLocker).

Trading forex and crypto on leverage carries a high risk of loss and may not be suitable for all investors. This article is educational and not financial advice. Read our risk disclosure.