Spotware sees a spike in demand from large brokers

FinanceFeeds Editorial Team

The demand for cTrader spiked especially from large brokers, as it remains the safest choice in the market.

The demand for cTrader spiked especially from large brokers, as it remains the safest choice in the market. Since its development, Spotware is known in the industry for fighting malicious brokers, following its Trader First™ approach. In its more than 12 years of existence, the company kicked out multiple bucket shop brokers as well as brokers accepting US clients.

cTrader was built to protect traders by not allowing any “inject price” function and preventing scam brokers from stop-loss hunting or installing any plugins like “Virtual Dealer”. Also on cTrader, each user’s activity is logged, it’s easy to understand and any trade amendments are recorded and marked separately.” The Head of Technical Support at Spotware, John Parnaby, said. “cTrader is hosted on Spotware’s infrastructure and only Spotware employees have access to it. Trade receipts with all necessary information about each trade, including but not limited to chronological events, slippage, and Level 2 market snapshot and execution times are stored and cannot be modified, ensuring trading transparency. All the above features make cTrader less appealing to brokers with malicious intentions”.

Spotware’s business approach and global user base of over one million traders show that fraudsters and scam brokers don’t turn to cTrader’s transparency and Traders First™ approach themselves.

About Spotware – cTrader

cTrader, a premium trading platform offered by leading brokers and trusted by millions of traders worldwide, is the flagship product of Spotware, an award-winning financial technology provider specializing in complete business solutions and complex custom development projects. cTrader is a one-of-a-kind platform that doesn’t engage in trader fraud and prides itself on 100% transparency while providing brokers with a complete solution that raises their brand value by putting them in a category of brokers that can be trusted while simultaneously catering to the needs of all their traders. From complete beginners to professionals, the cTrader Suite offers numerous trading modes – cTrader Trade, cTrader Copy, cTrader Automate, and features available on the Web, Desktop, and Mobile devices. Spotware has been raising the standards of the online trading industry since 2010, providing constant innovation ever since. Founded on the values of transparency and the TradersFirst™ approach, the company develops products responsive to the changing demands of the business and regulatory landscape while serving the long-term interests of all market participants.

Read this next

Digital Assets

Coinbase launches perpetual futures trading for Dogwifhat memecoin

Coinbase International Exchange (CIE) will introduce perpetual futures trading for Solana-based memecoin dogwifhat ($WIF), starting April 25. These open-ended futures contracts can be traded using the USDC stablecoin.

Digital Assets

Kraken acquires TradeStation’s cryptocurrency business

Kraken, the second-largest U.S.-based cryptocurrency exchange, has acquired the cryptocurrency arm of online brokerage TradeStation.

Retail FX

The Funded Trader is back? Traders report account closures

Prop trading firm The Funded Trader has updated its website with a few banners, nearly three weeks after it ceased all operations, with claims for a relaunch in the near future. However, there was no official statement on the relaunch on its website, Discord channel, or social media accounts yet.

Executive Moves

NAGA lures former Tickmill compliance exec Loukia Matsia

NAGA Group, a provider of brokerage services, cryptocurrency platform NAGAX and neo-banking app NAGA Pay, appointed Loukia Matsia as their new Head of Compliance and Anti-Money Laundering (AML).

blockdag

Explore 2024’s Top Cryptocurrencies: BlockDAG Leads With 30,000x ROI Potential, Among Surge Predictions For Bitcoin And Ethereum

Navigating the vast ocean of cryptocurrencies might feel overwhelming for many investors, whether seasoned or newbies.

Tech and Fundamental, Technical Analysis

EURUSD Technical Analysis Report 18 April, 2024

EURUSD currency pair can be expected to fall further toward the next support level 1.0600 (which reversed the price earlier this month).

Digital Assets

Binance ordered to remove Changpeng Zhao to get Dubai license

Binance, the world’s largest cryptocurrency exchange, has obtained a Virtual Asset Service Provider (VASP) license in Dubai.

Crypto Insider

Evolution and current state of global crypto adoption

Every four years, the crypto world gets hyped for the Bitcoin halving. Past halvings, like the one of May 2020, saw a massive increase in BTC transactions, which was driven by growing adoption and community involvement.

Digital Assets

Binance set to re-enter India with $2 million fine settlement

Binance, the world’s largest cryptocurrency exchange, is preparing to re-enter the Indian market after agreeing to pay a $2 million fine, according to a report by the Economic Times.

<