In a major move for prop trading enthusiasts, Goat Funded Trader (GFT), a leading prop trading firm known for offering retail investors funded accounts of up to $800,000, has officially announced the addition of cTrader, a widely popular trading platform developed by Spotware Systems. This announcement comes after several months of anticipation and closely follows GFT’s introduction of TradeLocker, another alternative trading platform, as the company continues to diversify away from MetaTrader (MT4/MT5).
GFT’s decision to embrace cTrader stems from its growing desire to provide traders with cutting-edge, user-friendly trading tools that meet modern trading demands. After moving away from MetaQuotes’ trading platforms earlier this year due to licensing challenges, GFT explored various options to fill the void, with cTrader emerging as the standout choice. This addition marks a key milestone in GFT’s strategy to enhance its prop trading offerings.
Goat Funded Trader Expands Platform Options: Adds cTrader to Its Arsenal
For months, Goat Funded Trader had been hinting at an exciting platform update via social media, sparking curiosity within its trading community. Traders eagerly speculated that the introduction of cTrader was on the horizon, which was confirmed by GFT’s recent announcement. In celebration of this significant update, GFT is offering traders a special discount on their challenges using the promo code CTRADER. This promotion reflects GFT’s commitment to providing a versatile and enriched trading environment for its users.
The addition of cTrader has been met with enthusiasm by many in the trading community. Unlike MetaTrader, which has faced licensing issues and increasing scrutiny, cTrader offers advanced charting features, a more intuitive user interface, and enhanced trading tools that appeal to both novice and experienced traders. It also comes with full support for algorithmic trading through cAlgo, a feature that allows traders to automate their strategies using custom algorithms.
Why cTrader? Prop Firms and Traders Shift Focus
With more and more prop trading firms turning away from MetaTrader due to licensing complications, cTrader has grown in popularity. It provides a smoother user experience and a range of advanced features that are better suited to modern trading needs. As a result, cTrader has been adopted by several notable prop trading firms, including FTMO, MyFundedFX, and The Funded Trader, further validating its utility in the prop trading space.
According to data from PropFirmMatch, a website that tracks verified prop trading firms, at least a dozen well-regarded firms have added cTrader to their offerings. Some firms, like Fintokei, have even reported payouts of over €4 million in just the first eight months of this year, underscoring the platform’s widespread acceptance in the trading world.
For Goat Funded Trader, this move to cTrader, alongside TradeLocker, is part of a broader strategy to provide traders with more reliable and flexible platforms. GFT CEO Edoardo Dalla Torre expressed his excitement about meeting client expectations, stating in September, “We heard you want cTrader as well. Recently we introduced TradeLocker. Should we add cTrader?” Now, two months later, the firm has fulfilled its promise to its community.
MetaTrader Departures: GFT’s Journey Away from MetaQuotes
GFT’s departure from MetaTrader has been one of the most notable shifts in the prop trading landscape this year. The firm was among the first to stop offering MetaQuotes’ trading platforms in February 2024 due to licensing issues. Although GFT briefly reintroduced MetaTrader, the return was short-lived. With MetaQuotes’ platforms facing regulatory challenges in key markets, prop trading firms like GFT have sought more stable and compliant alternatives, making cTrader a natural choice.
The addition of cTrader positions GFT among a growing list of prop trading firms that recognize the need to adapt to the changing regulatory and technological environment. By incorporating cTrader, GFT ensures that its traders can access a platform that not only meets the demands of the present market but also aligns with future innovations in algorithmic trading and social trading.
cTrader Features and Benefits
cTrader stands out due to its wide range of features that cater to both professional and retail traders. Key benefits include:
- Advanced Charting Tools: cTrader offers sophisticated charting options that allow for more precise technical analysis.
- Automated Trading (cAlgo): Traders can develop and execute their own automated strategies using cAlgo.
- User-Friendly Interface: cTrader is known for its clean and intuitive user interface, making it easier for traders to navigate.
- Level II Pricing: Provides more transparent pricing information, which is crucial for day traders and scalpers.
- Cloud Services: Allows users to save and access their profiles from anywhere, offering flexibility for mobile and remote traders.
- Fast Execution: cTrader is renowned for its ultra-fast trade execution speeds, making it ideal for high-frequency traders.
What This Means for Traders
For GFT’s community of prop traders, the addition of cTrader is a significant upgrade. The platform’s advanced features are expected to offer greater flexibility, transparency, and performance, enabling traders to maximize their potential. With the added bonus of a CTRADER discount on challenges, traders can now take advantage of this innovative platform at a lower cost.