Understanding cTrader DoM

Contrary to many trading platforms, cTrader showcases the DOM (Depth of Market) for all instruments across various platforms, including desktop, web, and mobile. This feature significantly enhances the level of transparency available to traders, offering a comprehensive view of market dynamics and liquidity across all trading environments. cTrader offers mutliple display form for depth of market analysis, including standard, price and vwap.

How to enable DOM in cTrader?

on cTrader Desktop/ Web

To view the DOM in cTrader, please make sure the Active Symbol Panel is enabled. Then you can find the DOM tab on the right hand side of the screen.

active symbol panel

on cTrader mobile

You can find the DOM right below the Market Sentiment within the overview tab. (Only Standard Depth of Market view is supported on mobile)

ctrader dom mobile

Supported DoM types in cTrader

Standard DoM

standard dom desktop

Price DoM

cTrader Price DOM desktop

cTrader VWAP DoM

cTrader vwap dom desktop

How Brokers Compile Depth of Market Data for cTrader?

The Depth of Market (DoM) provided by specific brokers reflects the trading conditions they offer to their clients.

Typically, brokers compile pricing and market depth information from various Liquidity Providers (LPs) through an aggregator. This compiled data is then presented to their clients as the Depth of Market for each specific instrument. Here’s a simplified diagram to illustrate this process:

How DoM comes from

The importance of Depth of Market in cTrader

Understanding the Depth of Market (DoM) is crucial for traders for several reasons. It offers a real-time snapshot of a financial instrument’s supply and demand at different price levels, providing insights into market sentiment and potential price movements. By analyzing DoM data, traders can better gauge the liquidity of an asset, identify potential support and resistance levels, and make more informed decisions on entry and exit points. For example, the cTrader vwap market depth can give traders an overview what’s the next best bid/ask price. Additionally, understanding DoM helps in assessing the market’s depth and volatility, enabling traders to strategize their positions according to the prevailing market conditions. Overall, mastering the DoM is key to enhancing trading strategies and optimizing trade execution.