Skip to main content

Justice Served: $451M Penalty for Firms Behind Binary Options Fraud

Spotware Unveils cTrader Store: A Game-Changer for Algo Developers and Traders

 


Spotware, the renowned trading technology provider behind the cTrader platform, has launched the cTrader Store—a dynamic marketplace designed to revolutionize how trading algorithms and tools are bought, sold, and distributed. This new platform provides algo creators with a seamless way to monetize their trading robots, plugins, indicators, and Open API apps, while giving traders access to high-quality algo tools on a global scale.

cTrader Store: Transforming Algorithmic Trading

The cTrader Store connects over 8 million cTrader users with algo developers, offering unprecedented opportunities for creators to showcase and sell their products. By leveraging Spotware’s ecosystem, developers gain access to a secure, scalable platform with integrated features such as:

  • Secure Transactions: The marketplace employs a trusted payment system to ensure 100% safe transactions, adhering to high standards of privacy and protection.
  • Built-In Licensing: Automatic licensing controls prevent unauthorized distribution while maintaining the privacy of developers’ source codes.
  • Cloud Hosting: With the recent cTrader 5.0 update, developers can host their algos in the cloud for free, enabling 24/7 trading without reliance on local hardware.

Fast Onboarding and Easy Publishing

For developers, the onboarding process is straightforward. Sellers can sign in using their existing cTrader ID, complete a quick verification step, and begin publishing their products. The platform supports both file uploads and cloud-based solutions, allowing algo creators to manage and update their offerings from any device.

To enhance visibility and sales, cTrader Store also provides branding tools, such as:

  • Adding product logos and performance proofs.
  • Uploading backtesting results to validate strategy effectiveness.
  • Setting promotional pricing to attract buyers.

Expanding Global Reach for Sellers

Spotware’s latest initiative provides algo creators with access to a vast, engaged audience of over 8 million traders worldwide. With built-in promotional features and a streamlined distribution channel, the cTrader Store ensures sellers can rely on steady income and exponential earnings growth as their products gain visibility.

A Visionary Move for Introducing Brokers (IBs)

The cTrader Store isn’t just for developers—it’s also a strategic tool for introducing brokers (IBs). Spotware envisions IBs using the marketplace to diversify their offerings, attract new leads, and enhance client retention through an expanded suite of algo trading tools.

Powered by the Latest cTrader 5.0 Update

The launch of the cTrader Store coincides with the rollout of cTrader 5.0, which introduced cloud-based execution capabilities for algos. This update eliminates the need for local hardware to maintain trading operations, marking a significant shift toward a more flexible and scalable trading environment.

About Spotware

With over 15 years of experience, Spotware is a global leader in FX and CFD technology. Its flagship platform, cTrader, powers over 250 brokers, including notable names like IC Markets and Pepperstone. By launching the cTrader Store, Spotware solidifies its position as a pioneer in the trading industry, offering unmatched tools and services for both traders and developers.

 

Comments

Popular posts from this blog

Justice Served: $451M Penalty for Firms Behind Binary Options Fraud

  In a major crackdown on financial fraud, the U.S. District Court for the Northern District of Illinois has ordered five offshore trading firms and three individuals to pay over $451 million in restitution and penalties for their involvement in a fraudulent binary options trading scheme. The case, led by the Commodity Futures Trading Commission (CFTC) , targets an international fraud network that misled investors into trading on fake platforms, ultimately causing massive financial losses. The Fraud Scheme: Misrepresentation and Manipulation Between 2014 and 2019 , the fraudsters operated unregulated binary options trading websites under names like BigOption, BinaryBook, and BinaryOnline . They aggressively lured investors, promising risk-free profits while manipulating trading platforms to ensure traders would lose money. The scheme involved: Fake identities and false financial expertise to gain investor trust. Hidden restrictions on bonuses that made withdrawals nearly i...

Ripple's RLUSD Reserves Revealed as Talks with Trump on Crypto Strategic Reserve Intensify

    Ripple's RLUSD reserves have been disclosed for the first time, showing a total outstanding supply of 77,208,201 RLUSD with reserves valued at $83,214,671 as of December 31, 2024. The stablecoin maintains a 1:1 peg to the U.S. dollar with a 107.77% coverage ratio, primarily backed by: U.S. Treasury Bills: $30,095,603 Other Assets: $30,119,460 Cash Deposits: $22,978,696 Accrued Interest: $20,912 Ripple's stablecoin reserves are held in FDIC-insured bank accounts and government-backed money market funds, ensuring liquidity and transparency. Independent third-party audits will be published monthly to maintain trust and oversight. This disclosure reinforces Ripple’s claim that RLUSD is fully backed by dollar reserves, making it a secure and compliant stablecoin for institutional and retail users. Ripple CEO Brad Garlinghouse has confirmed that he held discussions with U.S. President Donald Trump about integrating XRP into the U.S. strategic digital asset reserve. Garlinghouse ...

XRP Price Dips Below $3: Key Levels and Recovery Prospects

  XRP has recently slipped below the crucial $3 mark, triggering concerns among investors and traders. This drop signals a potential shift in momentum, with analysts closely watching key support levels to assess whether the asset can rebound or face further declines. As of now, XRP is trading around $2.185, positioning itself at a critical juncture. Key Support and Resistance Levels to Watch The breakdown below $3 has transformed a significant support level into resistance. For XRP to regain its bullish stance, it must reclaim this level with substantial buying volume. Meanwhile, three major price points will likely determine its next move: $2.62 – 50-Day Moving Average This level has historically acted as support during previous corrections. A bounce here could indicate a potential reversal. However, failure to hold above this zone may result in deeper declines. $2.03 – 100-Day Moving Average This is a more substantial support level that could attract buyers looking for a stable e...