Spotware Refines cTrader Infrastructure as Broker Ecosystem Expands

Spotware has rolled out cTrader Admin 9.9, a targeted update designed to streamline back-office operations for brokers and proprietary trading firms. While the release eschews radical feature overhauls in favor of workflow efficiency, it arrives as the platform consolidates a significant user base of over 11 million traders and 300 broker clients.

The update focuses on reducing friction in daily administration tasks—specifically via enhanced session visibility and centralized workspace settings—signaling a maturity in the platform's development cycle as it competes for institutional adoption.

Market Data Snapshot

• Total Traders: 11 million
• Broker Clients: 300 firms
• 2025 Growth: 104 new clients
• Mobile CFD Market Forecast: $133 billion

The Battle for CFD Market Share

The operational refinements come against a backdrop of intense competition in the retail trading platform space. Despite Spotware's reported growth—onboarding 104 new broker and prop firm clients in 2025—industry data suggests incumbents remain dominant. According to Q4 2025 figures, MetaTrader 5 continues to command approximately half of all CFD trading volumes.

To counter this, Spotware has been aggressively expanding its footprint, recently integrating with Mauritius-based Frontbroker to tap into African-regulated markets and partnering with iSAM Securities to bolster liquidity and risk solutions for retail brokers.

Key Operational Enhancements

The version 9.9 update addresses specific pain points for risk managers and broker administrators:

• Order Transparency: The rebuilt Orders app now includes a 'Ticks' tab, surfacing bid/ask prices and timestamps previously hidden from the interface.
• Client Identification: Managers can now view client email addresses directly within the Sessions app, eliminating the need to cross-reference account numbers during activity reviews.
• Configuration Logic: Asset classes in the Admin panel are now restricted to lot-based configuration to prevent mismatches with client-facing unit settings.

Mobile and Future Growth

Beyond the back office, the update aligns with a broader push into mobile trading. With the mobile CFD market projected to reach $133 billion by the end of the decade, recent updates to cTrader Mobile 5.6 have introduced institutional-grade charting and equity tracking.

This incremental approach—smoothing out backend administrative friction while enhancing frontend mobile capabilities—appears central to Spotware's strategy to chip away at the market share of legacy platforms in the evolving retail FX landscape.