ClickTrades Review

ClickTrades Logo

ClickTrades is an online trading broker that offers forex and CFDs in over 2,100 instruments across different asset classes such as Forex, Cryptocurrencies, Commodities, Shares, Indices, Metals, Energies, ETFs, and Bonds for trading online through their proprietary web trader platform and MetaTrader 5. ClickTrades have a good selection of trading tools and also support their clients in their trading strategies and decisions by providing them with market news and analysis. The broker offers high leverage, competitive spreads, and zero commissions on deposits and withdrawals.

Founded in 2018, ClickTrades operates from Seychelles and is regulated by FSA in Seychelles. Also, the broker does not offer its services to clients who reside in some countries, including Japan, Canada, and the USA. Ever since they took their first steps on the market, the brokers purpose was to change the way online trading is seen by investors, whether they are beginners or already have experience in the financial field.

At ClickTrades, they focus on clients – and their needs. As a result, they provide every trader with the necessary resources for the ultimate trading experience, and take pride in developing strategies that educate each one of their customers. The broker is constantly working to improve their platform and trading conditions so that you can have the best trading experience on the market.

ClickTrades Investment Products

ClickTrades offers over 2100 financial instruments of CFDs, including forex, commodities, shares, cryptocurrencies, indices, bonds, and ETFs, in a very lucrative trading environment.

  • 66 forex pairs include majors, minors, and exotics (with fixed or variable spread, leverages, and other trading conditions)
  • 18 Indices (Covering popular global stock index)
  • 1888 Shares (Covering major stock markets)
  • 9 Blends (Covering popular blends that contain different instruments)
  • 19 Commodities (including precious metals, energies, and consumable commodities)
  • 21 Cryptocurrencies (Covering popular futures and spots of Cryptocurrencies)
  • 4 Bonds (popular German and US bonds)
  • 50 ETFs (Covering popular ETFs of all sorts)

ClickTrades Platforms

ClickTrades offers a variety of investing platforms for its users. Users can choose the advanced WebTrader of ClickTrades or go for an easy and simple MetaTrader 5 trading platform to keep their trading straightforward.

ClickTrades WebTrader Platform
ClickTrades WebTrader Platform

WebTrader

ClickTrades provides clients with full access to their high-tech platform, WebTrader, intuitive and user-friendly. It was built on the latest technologies for reliable trade executions. It can be accessed with both desktops and mobile devices, so clients can stay connected to the markets on the go or from the comfort of their workplaces while accessing several world-class assets. The web trader platform is accessible to every account type. Spreads are fixed or variable depending on the instrument being traded. EURUSD spread is fixed starting from 2 pips. The broker mark up spreads to cover costs as they do not charge commission. Flexible leverage of up to 1:300 is available.

Here are some key features of the web trader platform;

  • Advanced Chartist methodologies
  • User-friendly and modern at the same time
  • Several order types and execution methods
  • Various price charts types and time frames
  • Technical indicators and Charting objects for technical analysis
  • Fully customisable
  • Up to 10 charts
  • Reputed third-party tools
  • Real-time price quotes
  • Financial news feed
  • Complex risk management tools
  • Enhanced trading sessions
  • Trading Central
  • Negative Balance protection
  • Available on both desktop, Android, and iOS devices
ClickTrades MT5 Platforms
ClickTrades MT5 Platforms

MetaTrader 5 (MT5)

MetaTrader 5 (MT5) is a well-known trading platform that is used by Forex, Stock, and CFD traders of different levels of expertise from all over the world. It is greatly known for having a user-friendly interface that is completely customisable to meet the demands of individual traders.

With multi-window views, navigation, and asset control panels, you can simply keep an eye on your whole portfolio in real-time. You get to choose how your interface looks: select your favourite chart template, colours, and technical tools for quick and simple access to what interests you the most. MT5 provides you with over 30 built-in indicators, over 2,000 free custom indicators, and nine timeframes. Here are the features of MT5:

  • Native and easy to use trading platform
  • Various order types and execution methods
  • 30+ technical indicators and charting objects
  • Multiple price types and 19 timeframes
  • Highly customisable
  • 24/5 access to your favourite markets
  • Multiple charts allowed
  • Live updates and price alerts
  • Lightning-fast trade execution speed
  • Available on multiple desktop, iOS, and Android devices

ClickTrades Tools

There are a few additional tools that some may also find useful, such as the Trading Central, an award-winning dynamic chart analysis tool that helps traders of all levels boost their trading strategies with interactive charts and built-in extensive analysis.

ClickTrades WebTrader Tools
ClickTrades WebTrader Tools

They also provide an Economic Calendar, which helps in making trading decisions by letting the clients filter the markets they are interested in and keep track of events that influence them.

Trading Central

Trading Central is a dynamic chart analysis tool that specialises in market analytics and research. With interactive charts and thorough built-in analysis, it can assist traders of all levels in improving their trading techniques. Trading Central, which is incorporated within the WebTrader platform, is only available to traders under specified conditions.

  • Using automated chart analysis, you may identify prospective trading opportunities.
  • Follow market movements with numerous daily updates of Support and Resistance Levels.
  • Alternative scenarios based on market movements provide a clear picture of the instrument’s potential path.
  • Rich data and numerous periods will help you take your plans to the next level.
ClickTrades Trading Central
ClickTrades Trading Central

Economic Calendar

The broker offers an economic calendar that provides extensive market coverage, allows you to choose the markets you’re interested in, and keeps track of events that affect them. This is helpful as a part of fundamental market analysis and can aid in trading decisions.

Weekly CFD Expiration Rollover

CFDs on commodities, indices, and bonds are based on futures contracts. These contracts have a set end date. CFDs are moved from an expired Future contract to a new one through the weekly Rollover. You can use these tools to plan your positions ahead of time.

ClickTrades Research & Education

The ClickTrades website has a news section where some useful economic news articles are posted. There is a financial dictionary that covers some commonly used trading terms along with their explanations. But aside from those, there are no other educational resources.

Market News

ClickTrades has a Market News section where they share important market news and events that shape the global markets. You can use this section as fundamental analysis, align its economic calendar and technicals, and trade confidently.

IPO

IPO section is another useful section that provides the opportunity to look at initial public offerings IPOs of new entries in the markets. This section provides alerts on the latest IPOs and upcoming IPOs. You can keep track of upcoming IPOs, do a little research, and use them to your advantage.

Financial Dictionary

This section addresses the commonly used terminologies while trading in the markets and some important questions that a trader might have in his mind. It’s like a glossary of trading at ClickTrades.

ClickTrades Trading Accounts

This broker offers their traders a choice of 3 account types:

1.      Essential

Essential accounts are feasible for new traders, as the minimum deposit for it is $1000. You enjoy standard services except for 24/5 dedicated account representatives, Open access to research, Special Trading conditions, Trading Central, and One-to-One meetings with Account Representatives.

2.      Original

This account is best for retail traders who have reasonable amounts to invest and have experience in the markets. This account requires a minimum deposit of $5000 and provides some extra services like open access to research and 3 days of dedicated account representatives in your reach.

3.      Signature

The signature account is for professional traders who have large investments, like $25000. With this account, you can access all the broker’s services, including 24/5 Dedicated Account Representative, Open access to research, Special Trading conditions, Trading Central, One-to-One meetings with Account Representatives.

ClickTrades Account Funding

The broker allows bank wire transfer, credit/debit cards, cryptocurrencies, and some popular electronic wallets as available account funding options. They do not charge any deposit fees. However, the service provider may apply some charges per transaction, so you should check the terms of the funding method you are going to use. In the case where deposits are made in a different currency, some currency conversion charges may apply. Deposit payments must be from a payment account that is in the client’s name. Traders can also withdraw their deposits provided they meet the broker’s standard regulatory requirements. Currently, available funding options are:

  • Wire Transfer
  • Debit/Credit Cards
  • Fast Bank Transfer
  • Skrill
  • Neteller
  • YuuPay
  • Ecommpay

Depending on the funding option you use, the time taken for each transaction may vary. Some payment options can process a payment in seconds. Others might take 3-5 business days.

ClickTrades Account Funding Options
ClickTrades Account Funding Options

ClickTrades Customer Service

This brokerage provides their traders with customer support which is available Monday to Friday from 6 am GMT to 1 am GMT, and they can be reached via telephone or email. There is also a “FAQ” section on the website, where you can find the most commonly asked questions about their services.

ClickTrades Regulation

ClickTrades is operated by KW investments Limited, which is authorised and regulated by the Seychelles Financial Services Authority (FSA) with license number SD020.

ClickTrades Safety

Any top-tier regulatory authority does not regulate ClickTrades or its parent company. In addition, the broker is not traded as a public company on any stock exchange. Consequently, the financial information about it is not publicly available. Moreover, the broker is fairly new and does not hold a banking licence.

ClickTrades do state that they are fully committed to always keeping your funds and information safe, while sustaining the highest standards when it comes to security and data protection for client data. They believe that transparency is the foundation of trust and customer care. With a unique suite of services and tailored solutions, they aim to bring a greater visibility to the online markets while making traders more aware of the opportunities they can unlock.

ClickTrades FAQ

What is the ClickTrades minimum deposit?

ClickTrades requires a minimum deposit of $50.

Where is ClickTrades based?

ClickTrades is based in Seychelles.

When was ClickTrades founded?

ClickTrades was founded in 2018.

What are the ClickTrades platforms?

ClickTrades offers its proprietary WebTrader and MetaTrader 5 on multiple desktop and mobile devices.

What trading instruments do ClickTrades have?

ClickTrades offers 2100+ trading instruments over several asset classes such as forex, commodities, cryptocurrencies, indices, shares, bonds, and ETFs.

What are the ClickTrades deposit and withdrawal options?

ClickTrades offers a variety of payment options such as wire transfers, debit/credit cards, electronic payments, and cryptocurrencies.

What is the ClickTrades leverage?

ClickTrades offers variable leverage for different account types and trading instruments. (as low as 1:1 and as high as 1:300)

What is the ClickTrades commission fee?

ClickTrades offers commission-free trading.

What are the ClickTrades spreads?

ClickTrades offers fixed and variable spreads, as low as 1.8 pip on EURUSD.

Does ClickTrades offer demo accounts?

Yes, ClickTrades offers demo accounts.

Does ClickTrades offer Islamic accounts?

Yes, ClickTrades offers swap-free or interest-free Islamic accounts for clients of the Muslim faith.

Does ClickTrades allow scalping, hedging, news trading, and automated trading?

Yes, ClickTrades offers scalping, hedging, news trading, and automated trading.

Does ClickTrades charge an inactivity fee?

ClickTrades charges an inactivity fee of $30 or equivalent currency after 90 consecutive days of inactivity.

Is ClickTrades regulated?

ClickTrades operates from Seychelles, and its parent company, KW investments Limited, is registered and regulated by the Seychelles Financial Services Authority (FSA).

ClickTrades Review Summary

Overall, ClickTrades is an online trading broker that has a vast range of assets available for trading through a powerful and intuitive platform that comes with a good choice of built-in trading tools. The broker does not charge a commission, but mark-up spreads. Professional tools, extensive resources and elite support can help traders achieve their financial goals.

ClickTrades

8.6

Spreads

9.0/10

Liquidity

9.0/10

Commissions

9.0/10

Support

9.0/10

Regulation

7.0/10

Features

  • WebTrader platform with many built-in trading tools
  • Trading Central and other useful trading tools
  • Great selection of 2100+ trading instruments
  • Popular MT5 (MetaTrader 5) platforms
  • Tight spreads
  • No commission fees
  • Quick trade execution speeds
  • Various trading account types
  • Flexible account funding options
  • Islamic and demo accounts