Spotware Systems breaks into the American market with live and demo cTrader accounts now available at MB Trading
The retail FX industry in North America has become a very poignant subject of discussion since the instigation of the Dodd-Frank Act and its extremely conservative associated rulings which stipulate that all FX brokers have at least $20 million net capital set aside.
Whilst the United States continues to maintain pole position in terms of institutional trading desks and high caliber executing venues, innovation in the retail sector is not to be discounted.
Today, Spotware Systems’ cTrader makes its entry into the US market by providing its solution to Manhattan Beach Trading Financial Services (MB Trading).
This is a major step for Spotware Systems, which in other international markets has gained ground as a very viable alternative to the ubiquitous MetaTrader 4, and has the advantage of being connected via API to liquidity providers.
Spotware Systems derives a great deal of its popularity from cTrader’s algorithmic trading capabilities, with demand for cAlgo being high.
According to Spotware Systems, MB Trading is a technology-driven, low-commission brokerage specializing in order routing in Forex, Equities, Futures, and Options through various global exchanges and electronic networks, announced today that it has become the first US Forex broker to offer Spotware’s cTrader trading platform for Forex customers.
The platform is now available for Demo and Live trading via mbtrading.com.
“MB Trading has always been interested in offering the latest platforms for traders,” explains Ross Ditlove, CEO of MB Trading. “We are impressed with the growth of cTrader in Europe and Asia and found the refined interface, efficient charting, and outstanding algorithmic trading language to be an exciting FOREX technology asset. We are thrilled to be the first US broker to offer this new platform and encourage both manual and script-based Forex traders to compare it to their current platform. MB Trading is pleased to be partnered with Spotware and will continue to implement deeper and tighter integration with our trading systems.”
cTrader’s state-of-the-art platform suite includes the world’s first HTML 5 interface that uses the latest web technologies to offer a crisp and speedy look and feel. The platform includes ladder trading, 1-click trading, and simple trading from the charts. In addition, cTrader offers apps for iOS and Android and is complemented by the cAlgo platform, which lets Forex traders write automated trading robots that can monitor the markets and execute trades round the clock without trader intervention.
“We’re very excited to integrate with MB Trading in particular,” says Andrey Pavlov, CEO of Spotware. “MB Trading has a long history of developing new technologies for execution in all markets, and we look forward to a long and successful partnership. The cTrader platform has grown more and more robust in the last year, and we look to offer it globally to help traders move away from other more dated platforms.”
About MB Trading:
MB Trading, IB member FINRA, SIPC; MB Trading Futures, Inc. RFED/IB and member NFA.Trading in stocks, futures, options, and Forex is speculative in nature and not appropriate for all investors. Investors should only use risk capital when trading futures, options and Forex because there is always the risk of substantial loss.
Account access, trade executions and system response may be adversely affected by market conditions, quote delays, system performance and other factors.
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