FxMechanize
01 Oct 2021, 05:09 ( Updated at: 21 Dec 2023, 09:22 )

RE:

PanagiotisCharalampous said:

Hi to all,

Alongside with the new website, we will be releasing soon ctrader.com, our trader-centric community with spotware.com remaining as our corporate site. Indeed, as you noticed, Spotware is releasing a Dealing Desk (DD) add on for its cTrader platform. You all know that cTrader was introduced as a pure STP/ECN/NDD platform  (and still is without the DD add on) at times when trading technology was subject to limited control and brokers could manipulate most parts of a trading system. Therefore there was a need for a platform that would guarantee proper order execution without any sort of manipulation.

Throughout these years cTrader and Spotware have educated hundreds of thousands of traders regarding fair trading practices and we believe that we have raised awareness amongst traders while pushing brokers to adapt more transparent practices.

However, as time passes and cTrader transforms from a niche solution to a mainstream trading platform, we need to cover more and more of the needs of the industry. Therefore we are expanding our solution by adding a DD add-on. Nevertheless, what still makes us different is that we do not allow misuse of our product in any way. The platform is hosted and managed by us, interventions are not allowed and all execution information is provided to traders in a transparent manner. This means that you can still be sure that cTrader cannot be mistreated in any way. We have built a brand name and a business around “Traders First” and we are not willing to give up on it. We apply a rigorous approval process on who and how is using cTrader, we are constantly monitoring cTrader platforms for possible misuses and we investigate immediately any suspicion for malicious activity. You should rest assured that will be the case with DD enabled platforms as well.

Regarding the Dealing Desk/Non Dealing Desk distinction, this will be available and traders will know if their broker is using a dealing desk or not. A screenshot is provided below (See INSTANT in the bottom left corner. When this appears it means the broker uses a dealing desk).

I would like to stress here that currently no broker uses this add on, and when this happens this will take place with full transparency.

Best Regards,

Panagiotis

Is this still valid for year 2021 ?