Two types of web-based trading platform are available to all customers with registered trading accounts at CT Trade: Basic and Forex. Moreover, both platforms are accessible through the web, on PC, Mac and any type of smart mobile device without downloading apps or any type of software.
CT Trade Basic Platform Features
The Basic trading platform features the full range of tradeable assets offered by CT Trade on a fast, bright, user-friendly platform. Significantly, it focuses on social trading with social sentiment indicators and popular asset picks highlighted on the platform. We were impressed to see that CT Trade provides high quality training directly on the Basic platform. This ensures that even the most inexperienced traders are ready to start trading confidently, within minutes of opening an account. By clicking on the white arrow in the left-hand column, traders gain access to 5 consecutive video tutorials beginning with a comprehensive platform introduction. This is followed by. how to select an asset, choose an expiry time, how to trade and open positions. Following the mini training course, one-click on the search tab brings up the asset manager box with all the tradeable assets listed under each category. Traders can choose from 27 currency pairs, 41 stocks, 5 commodities, 9 global indices and 12 crypto currencies. However, traders looking for investment inspiration can look at the top picks made by the CT Trade community. These are posted along the top of the dashboard and by clicking on the social icon on the left side of the platform, anybody can see the traded assets and profits made by traders active on the platform. Significantly, for every tradeable asset selected, trader sentiment for that day is clearly indicated in a diagram on the platform. This gives inexperienced traders valuable guidance about general market sentiment concerning potential price movements for each asset. To make a trade on the Basic platform, traders choose an asset and expiry time. Subsequently they must decide whether the price will close higher at the expiry time, or lower than the price at the time of opening the position. Finally, they select the amount of the investment and click on the trade button. After placing a trade, a summary of recently opened positions is shown in the ‘my positions’ box.
Extra Features on the Basic Platform
Some options in the CT Trade Basic platform have extra features attached to them. These include the valuable ‘sell back’ tool intended to stop loss or lock in profit before the selected expiry time. By clicking on the ‘sell back’ tab, traders are given three seconds to decide whether they want to close the trade and sell back the order at the payout indicated in the box. Another useful tool is the ‘double up’ feature, for doubling up an investment in one click with the same stake, expiry time and direction. A hedge feature is also available for traders wanting to make the same trade in the opposite direction, based on the current asset price and payout. Hedging allows traders to protect their investments when markets go in the opposite direction to that originally predicted.
CT Trade Forex Platform Features
The CT Trade Forex platform is designed for traders who only want to trade traditional and cryptocurrency pairs. Around 25 FIAT currency pairs are included in the asset list along with 10 cryptocurrency pairs including Bitcoin, Litecoin, Ethereum and Ripple as well as crypto/Euro crosses. Forex trading is fully explained in the CT Trade educational section through video tutorials and E-Books. The Forex platform uses candlestick charts and chart indicators to help traders make investment decisions. Leverage from 1:50 up to a maximum of 1:200 is shown in the top right-hand corner. Notably, traders can set the take profit tab at the desired level, and close a trade at that pre-set profit level before the expiry time is reached. The percentage payout for the investment is clearly indicated in the bottom right-hand corner of the platform, along with the potential return. Traders using the Forex platform can add useful indicators such as the RSI and SMA to the price chart, for more accurate predictions. The relative strength indicator (RSI) measures the speed and size of directional price movements for any kind of asset whether a currency pair, index or a CFD. The RSI oscillates between 0 and 100% and gives investors sell or buy signals when the asset is overbought or oversold. Experts consider that an asset is overbought when the RSI goes over 70% which usually means the asset price will fall soon. On the other hand, an asset is considered to be undersold when the RSI falls below 30%, signalling that the price is likely to rise soon. The SMA indicator measures the Simple Moving Average, thereby smoothing out price volatility and clarifying the changing price trends for traders.
CT Trade Education
We found the level of trading education provided by CT Trade very impressive. Apart from the concise video tutorials integrated into the Basic trading platform, CT Trade provides free forex trading tutorials for inexperienced and advanced traders, in the education section. Customers can watch up to 20 video tutorials introducing forex trading, from the video-on-demand library on the website, as well as a beginner’s course in trading. A huge selection of video tutorials is also offered, including an explanation of trading tools, commodities and futures contracts, trading in stocks and contracts for difference (CFD) as well as trading strategies, ECN trading and social trading. For clients who prefer to read about all these trading topics, informative E-Books are available with exercises to test understanding at the end of each chapter.
