Software developer Spotware Systems said on Monday it has issued an upgraded version of the cTrader trading platform for Windows devices, which introduces a new stop out logic which doesn’t require the closure of an entire position to help restore margin levels. Instead, from now on positions will be partially closed to help traders retain positions and their account.
This new feature was announced last month by forex broker FxPro, which said at the time it had adopted the new stop out logic. Prior to the introduction of the new method, positions that were below the margin minimum were closed to their entirety to restore margin level.
Under the stop out concept, once traders’ funds fall below the minimum margin requirement (which differs with each broker), positions with the highest margin (or in this case part of positions) are instantly and automatically closed at the current market prices.
In addition to the above-mentioned change, the software update also brought an improved design of cTrader with enhanced color palette for the light theme and a cleaner design of both the light and dark themes that allows users to focus on content without distractions.
cTrader is an electronic communication network (ECN) trading platform that provides full Straight Through Processing (STP) access to the forex market. It features a comprehensive charting, a wide range of order types, technical analysis, custom indicators, and a quick-trade option.
The platform is available for desktop, mobile and web users. Its main competitors are MetaTrader 4 (MT4) and its successor MetaTrader 5 (MT5), both developed by Russia-based trading software developer MetaQuotes.
cTrader is used by a number of forex brokers, including RoboForex, TradeView, IC Markets, OctaFX, MaxFX, FxPro, and others.
Cyprus-based Spotware Systems also offers mirror trading platform cMirror, algo and technical indicator coding application cAlgo, cloud-based solution cServer, and agnostics aggregator cAggregator.