cTrader NDD accounts are the analogues of MT4 NDD accounts but on another trading platform.
On cTrader NDD accounts No Dealing Desk technology is applied, thus allowing you to trade directly with the world’s greatest liquidity providers. cTrader is a user-friendly and flexible trading platform.
Who may prefer cTrader?
cTrader platform might be interesting for experienced traders that prefer intraday scalping strategies and need intense analytical support. Market orders will be executed at the best market price of the liquidity providers once the order reaches the electronic trading system where it will be executed at the NDD (No Dealing Desk) technology. One of the interesting features of cTrader platform is “market depth” – an instrument showing the current market prices and tendencies. cAlgo analytical algorithms also add to the advantages of the platform. You can trade on your cTrader NDD account via your trading terminal, web-browser or iOS/Android app.
In market orders execution the slippage between the price that you see in the terminal and the price of execution may occur. Moreover, such slippage can also be in your favor. Since the system can provide you with high liquidity, this slippage, under the normal conditions, either does not exist at all or is immaterial. Under low liquidity or explosive volatility conditions, the slippage is generally higher than on a quiet market.
Once the price reaches the stop order level in the cTrader, a request for an order execution would be transmitted via the bridge to the trading system, where the order would be executed at the best market price of the liquidity providers at the moment the order reaches the system. Thus, in case of stop orders, as well as in case of execution of market order, slippage between the stop price and price of execution may occur. Moreover, slippage can also be in your favor. More information about the market execution features can be read above.
Once the price reaches the limit order level in the cTrader, a request for the order execution is transmitted via the bridge to the trading system. Please note that a partial execution of the order is possible. For example, you want to buy 200 lots EUR / USD at 1.27500. If only 100 lots at this price are available for buying, the total volume of your transaction will be 100 lots (not 200 lots), which is the volume that is currently available on the market. Obviously, you are likely to encounter partial execution only when dealing with large volume transactions.
Also, please note that if you use a limit order facility, you will never get a price worse than the one that was stated in your order i.e, you will either get your order executed at the requested price or at the better price.
If at any time «Equity» (current balance including open positions) becomes equal or less than 100 % of the margin held for the open positions, the dealer has right on his own discretion to close any of the open positions in order to maintain margin requirements.
During the weekends and public holidays the margin requirements may increase from about 1 % to 3 % (i.e. the greatest possible leverage for this period would be 1:33). Client is obliged to bring its open position in accordance with the increased margin requirements at least 30 minutes before the time of bidding.
|Currency pair||Typical spread1||Max volume2||Swap3||Standard lot size||Collateral||One point value||Commission||EET trading hours|
|AUD/CAD||2||100||0,56||-1,17||100 000 AUD||1 000 AUD||10 CAD||3 AUD||0005 Mon — 2355 Fri|
|AUD/CHF||2||50||0,62||-1,1||100 000 AUD||1 000 AUD||10 CHF||3 AUD||0005 Mon — 2355 Fri|
|AUD/JPY||0.5||100||0,67||-1,19||100 000 AUD||1 000 AUD||1 000 JPY||3 AUD||0005 Mon — 2355 Fri|
|AUD/NZD||2||50||-0,09||-0,67||100 000 AUD||1 000 AUD||10 NZD||3 AUD||0005 Mon — 2355 Fri|
|AUD/USD||0.6||200||0,16||-1,04||100 000 AUD||1 000 AUD||10 USD||3 AUD||0005 Mon — 2355 Fri|
|CAD/CHF||2||30||0,01||-0,43||100 000 CAD||1 000 CAD||10 CHF||3 CAD||0005 Mon — 2355 Fri|
|CAD/JPY||1||100||-0,01||-0,46||100 000 CAD||1 000 CAD||1 000 JPY||3 CAD||0005 Mon — 2355 Fri|
|CHF/JPY||1||200||-0,33||-0,83||100 000 CHF||1 000 CHF||1 000 JPY||3 CHF||0005 Mon — 2355 Fri|
|EUR/AUD||2||50||-1,81||0,89||100 000 EUR||1 000 EUR||10 AUD||3 EUR||0005 Mon — 2355 Fri|
|EUR/CAD||1||100||-0,44||-0,24||100 000 EUR||1 000 EUR||10 CAD||3 EUR||0005 Mon — 2355 Fri|
|Ticker||Typical spread1||Max volume2||Swap3||Standard lot size||Collateral||One point value||Commission||EET trading hours|
|XAG/USD||1.2 cents||20000||-0,6||-0,3||50 oz tr||0,5 oz tr||0,05 USD||0,003 %|| Mon: 0100 — 0000 |
Tue: 0100 — 0000
Wed: 0100 — 0000
Thu: 0100 — 0000
Fri: 0100 — 2355
|XAU/USD||15 cents||100000||-0,96||-0,58||1 oz tr||0,01 oz tr||0,01 USD||0,003 %|| Mon: 0100 — 0000 |
Tue: 0100 — 0000
Wed: 0100 — 0000
Thu: 0100 — 0000
Fri: 0100 — 2355
1 In the period from 23:55 till 00:05 EET (bank rollover) liquidity is reducing, spread and processing time of customer orders may be increased.
2 The figures in columns represent the quantity of points charged to a customer’s open position if it is rolled over to the following day. These values are calculated based on differences between short-term interest rates. Since the value date is the second business day after a transaction is entered into, Monday next week is the value date for transactions entered on Wednesday. Accordingly, from Wednesday to Thursday swaps are charged in triple size.
3 Margin for a lock position is calculated as follows:
— at full lock the margin is the margin that is required for the first open order of the loc;
— at partial lock the margin is the total margin for the greater order of the lock.
— we have an opened a full lock position: BUY 1.0 EUR/USD at 1.2750 and a SELL position of 1.0 EUR/USD at 1.2550 (leverage is 1:100); Margin=1,2750×100 000/100 =1 275$
— then we add a SELL 1.0 at 1.2450 to this lock position;
Margin= 1 255$+1 245$ = 2 500$
Risk warning: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, your level of experience and preparation of taking risk. The possibility exists that you could sustain a loss of some or of all of your initial investments and therefore you should not risk more than you are prepared to lose. Please seek independent financial advice if necessary.
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