Prop trading firm The5ers has added cTrader as a platform option for its traders, giving them access to what the company describes as more sophisticated trading tools.

The partnership means traders in The5ers' funding program can now choose between their existing platform or switch to cTrader, which is developed by Spotware and used by both retail and institutional clients.

Trading Fund The5ers Partners With cTrader Platform

Saul Lokier, The5ers' chief executive, said the company picked cTrader after reviewing multiple platforms. "This opens the door to one of the industry's most advanced trading environments and reflects our vision of providing traders with greater flexibility, innovation, and transparency," he said.

cTrader brings several technical features that weren't previously available to The5ers traders. The platform offers algorithmic trading capabilities, more detailed charting tools, and API connectivity for custom applications. It also provides what the company calls "bank-grade security" with encrypted data transmission.

Traders who opt for cTrader will get access to customizable dashboards, multi-asset trading instruments, and analytics tools while still working within The5ers' funding structure and performance requirements.

Importantly, the addition of cTrader also allows the company to reenter the U.S. market, which, before last year’s licensing issues with MetaQuotes, the provider of the popular MetaTrader platforms, may have accounted for as much as one-fifth of prop firms’ revenues.

“We Don’t Sell Dreams”

At the beginning of this month, one of the founders of the prop firm, Gil Ben Hur, spoke with FinanceMagnates.com about how the industry in which The5ers operates currently works and looks. He stressed that his company does not sell dreams and does not pretend that everyone is “driving Lamborghinis.”

The company also says existing traders aren't required to switch platforms and can continue with their current setup. New accounts using cTrader will be set up automatically within The5ers' existing program structure.

"The addition of cTrader to our program provides traders with direct access to advanced trading technology," Lokier said. "It's an important step in offering flexibility and maintaining the high standards we set for our funding process."

cTrader is being added to the company’s offering at a time when Spotware has updated the platform to version 5.4, introducing Python support in a bid to capture market share from rivals that rely on less popular or proprietary programming languages.