The Comparison Of Two Trading Platforms - Match Trader VS cTrader

As a result, we decided to do a comparison to assist our customers in better understanding how the most popular alternatives to the MetaTrader 4 and 5 platforms are comparable and dissimilar. Remember that our in-house platform is being compared to Spotware's solution based on our information investigation.

Similar but not the same

Both systems are offered as a server license, which gives brokers complete control over their platform, and as a basic white-label solution, which is ideal for smaller or startup brokers seeking a quick and simple way to get started. But here's the first distinction. Match-Trade Technologies, the company behind the Match-Trader platform, provides both WLs and servers. Spotware Systems, on the other hand (like MQ), sells just cTrader servers and leaves WL sales to other technology suppliers.

The White Label solution is available.

As a Broker-as-a-Service paradigm, we provide a Match-Trader White Label product. This implies you may purchase an entire forex company at a set fee. We simply charge a flat rate of $2000 to $3500 for 1,000 active accounts (with the opportunity to upgrade).

That's all there is to it.

There are no additional costs for setup, deposits, or broker turnover. Match-Trader White Label is a suite of products that comprises a Forex CRM with Client Office (including an IB portal), a Match2Pay multi-crypto payment gateway, and a social trading feature that is fully integrated with the platform. Obtaining a WL also gives you access to a dependable liquidity source, super-fast data streams, and other benefits. We've also included WL Broker-specific functionality such as unique sets of symbols without suffixes, chart markups, and time on the platform dependent on the Broker's timezone option.

The cTrader platform allows you to create an infinite number of trading accounts. Spotware charges brokers for each transaction ($5 for every million exchanged) under the typical offer provided to consumers. A $5000 startup charge is also required. As part of its cTrader White Label service, Spotware Systems provides brokers with copy trading software, the cTrader Automate tool, and cBroker, an administration tool for managing accounts and trading conditions.

For both suppliers, setting up a White Label platform takes roughly five working days.

The server licensing solution is available.

The entire server solution has lately broken records in terms of popularity. The Match-Trader server is available as “Software-as-a-Service.” It implies that brokers have complete access to and control over the server. The server may be housed in one of the client's preferred trustworthy and secure data centers (Microsoft Azure or Amazon Web Server). The monthly charge is $10,000, with no volume or setup fees. The license includes 30 000 active trading accounts (with the option to purchase an additional 50 000 for a $5 000 monthly cost). We maintain our system in an open trading environment that is freely accessible through API.

Most distribution systems, market-leading CRMs, and other third-party solutions are already linked with our unique platform. Because we provide a diverse set of APIs, our customers may simply integrate all of the apps they use or supply to form a complete trading ecosystem. What's more, Match-Trade enables Brokers to host their database on their own server, which is then linked to the platform. This solution is critical for businesses worried about data protection.

Spotware's offerings do not vary much. The cTrader platform was initially introduced more than a decade ago. Naturally, it supports many integrations. You may interact with the cTrader Open API by utilizing JavaScript and connecting any third-party software. However, the price is arranged differently. Brokers pay a volume-based charge of $5 per million shares traded on cServer, which has an unlimited number of active accounts.

Both businesses have comparable setup durations; server setup might take up to two weeks.

Branded online, desktop, and mobile applications

Both systems are accessible through the web, PCs, and mobile devices, enabling brokers to create their own branded applications and traders to trade on the move. Match-Trader is the market's first omnichannel trading app. It was created using cutting-edge PWA technology. Its interface adjusts to the device, and all user preferences are synced in real-time, providing the greatest trading experience possible. The software is very lightweight and operates nicely on any device.

cTrader is also accessible on the web, mobile, and desktop platforms, but as a distinct cTrader native mobile app (created using native Android and iOS design principles, layouts, and controls) and cTrader Web platform (HTML5). The online version, like the desktop version, makes the platform available from any device (you need a web browser that supports HTML5).

Excellent UI/UX design that meets the demands of traders

The sleek design of Match-Trader and cTrader distinguishes them from the competition.

The cTrader interface is built up of sophisticated widgets, which implies that each function is a platform feature. Traders may customize their trading environment by moving widgets around or turning them on and off. This is referred to as developing their platform perspective.

Match-Trader, on the other hand, offers a tried-and-true layout that ensures you get the finest trading experience possible. The app's layout is very straightforward and user-friendly, making it simple to use even for inexperienced traders. Match-creators Trader's designed a collection of replaceable skins to provide users with additional alternatives. Traders may choose the one with the colors and layout that best suit their needs. Advanced features like top movers, market events, an economic calendar, and automated trading are also included in the widget on the Match-main Trader's display. Everything a trader would want is always available. A single-sign-on solution between CRM and the trading platform ensures that just one login is required to access both applications.

Both platforms provide traders with the same degree of information in their charts as well as extensive research tools to help them better understand market patterns and forecast what will happen in the future. Different sorts of indicators are beneficial to both beginner traders and experienced investors who wish to concentrate on in-depth examination with more complicated features.

Trading that is algorithmic, social, or copied

Both systems enable users to automate their trading, however, cTrader's solution is more complicated in this situation. With the cTrader Automate, traders can construct automatic trading robots and custom indicators using the cTrader API and the popular C# language. Spotware provides cTrader Copy, a fully integrated cTrader functionality that enables copying trading tactics as well as giving one's methods for copying by other traders, for copy trading.

We also provide a Match-Trader API via which you can connect any trading algorithm. It provides traders with limitless opportunities, but it also requires some technical understanding. However, for less-skilled traders, the Match-Trader has a Social Feed and Copy Trading feature. Traders can either copy the trades or strategies of experienced money managers or signal providers (within a set budget), or they can do their own thing. They may look at how previous money managers performed to determine how lucrative they were, and they can cease watching their accounts at any moment.

Manager and administrative applications

Both companies also give their server customers a wide range of administration tools to make sure they have full control over their businesses. Brokers who purchase a server license from Match-Trade receive manager and administrative apps that allow them to control the entire trading environment and manage all of the client's activities and accounts, as well as admin/manager APIs that allow them to set configure and call all manager functions from external apps.

Spotware Systems vs. Match-Trade Technologies

No platform comparison is complete until the developers are examined closely.

Both Match-Trade and Spotware are well-known technology suppliers, with the latter having been on the market significantly longer (3 years, to be exact). The main difference is that Match-Trade started by making an extremely fast matching engine and an institutional platform, Match-Trader PRO, while Spotware started by making a platform for regular people. So, just looking at how old the platforms are doesn't give the whole picture. We also supplied MT4/MT5 WL coupled with our Client Office software and CRM, a crypto payment system, Bridge, and a data feed while establishing our platform. As a result, we can now provide brokers with full business solutions.

Liquidity regulation and crypto payments with FIAT settlements

Another significant difference between the evaluated options is access to liquidity and data streams. Match-Trade provides users with access to its ultra-fast data streams. Thanks to our strategic agreement with Match-Prime Liquidity, which runs on the Match-Trader PRO platform, we can also give access to regulated liquidity on a prime-of-prime basis.

Spotware Systems provides neither. Brokers may connect with a number of other sources with whom they can establish extra contracts.

On the Match-Trader platform, the Match2Pay Crypto Payment Gateway is also accessible. It helps the platform a lot because brokers who use the software can easily gather, trade, and convert bitcoins. Traders may make immediate deposits using a credit card or wire transfer. M2P UAB FIAT settlements are now feasible with the assistance of a regulated company.

As of now, cTrader does not have any payment technologies. It is possible to connect it via API, which incurs additional costs and volume-based fees.

Technical and Broker Assistance

Last but not least, we provide assistance to our customers. When brokers purchase Match-Trader, they have access to our support staff, which is accessible 24 hours a day, seven days a week, through several messengers. That means getting help right away if there is a problem with the platform or with the constantly changing market conditions.

Spotware Systems also offers a knowledgeable support staff. The key distinction is that they use a ticketing system. Match-Trade makes every effort to respond quickly.

If you need more information, our specialists are delighted to answer your questions and clear up any confusion. Based on our years of experience in the field, we will listen to you carefully and help you choose the best platform for your business.

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