Today Spotware Systems announce the introduction of FIX API credentials with every cTrader account by default, marking a major milestone for the industry as cTrader becomes the first retail platform to offer such functionality. With today’s update users can see a new menu item called FIX API in their cTrader, cAlgo and soon to be cTrader Web.
In November 2013 Spotware Systems also became the first e-FX & CFD technology firm to offer both netted and hedged accounts within a single environment. The newly added FIX API for every account is available for both account types.
This unprecedented feature is available to all cTrader brokers at no additional cost, as well as without limit on the number of accounts which can be created with FIX API’s and is ready for traders to begin accessing FIX credentials from their existing cTrader account.
Due to the high per user cost of offering FIX API trading even retail brokers impose high minimum requirements on their traders, whether it’s based on trading volume commitment or deposit size these restrictions made access to FIX APIs sometimes impossible to a vast number of users. Because of Spotware’s ruthless determination to create the most accessible service, any trader can utilize FIX API trading with no minimum criteria enforced on them.
James Glyde, Head of Business Development, Spotware Systems said:
“From the very beginning our aim has been to deliver an institutional environment to retail traders, this has been achieved through a variety of key areas and this is a major contribution to the industry leading service which our broker-clients can deliver to their traders. We have opened up this feature to any trader, regardless of their deposit size. This is another feature which will be available out of the box to benefit everyone.”
To check out the cTrader FIX Engine Rules of Engagement click here.