Founded in 2018, ClickTrades is an offshore trading broker that offer forex and CFDs in over 2,100 instruments across different asset classes such as Forex, Commodities, Stocks, Shares, Indices, Metals, Energies, ETFs, and Bonds for trading online through their proprietary web trader platform.
They 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.
ClickTrades Review Introduction
In this ClickTrades review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including ClickTrades.
ClickTrades Platforms & Tools
ClickTrades provide clients with full access to their high-tech platform, WebTrader, which is 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.
Here are some key features of the web trader platform;
- Advanced Chartist methodologies
- Complex risk management tools
- User-friendly trading system
- Enhanced trading sessions
- Trading Central
- Negative Balance protection
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.
They also provide 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.
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.
ClickTrades Trading Accounts
This broker offers their traders a choice of 3 account types:
- Essential — $1000 Minimum deposits, geared towards new traders
- Original — $5000 Minimum deposit, Traders’ choice
- Signature — $25,000 Minimum deposit, for expert traders
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.
ClickTrades Account Funding
The broker allows bank wire transfer and credit/debit cards as available account funding options. They do not charge any deposit fees. 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.
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.
ClickTrades is operated by KW investments Limited, which is authorized and regulated by the Seychelles Financial Services Authority (FSA) with license number SD020.
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.
It is worth mentioning that some of the trading products and services in this ClickTrades review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the ClickTrades broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.