ClickTrades is a well-known entity within the Forex industry, having gained a reputation for itself over time. Its extensive array of CFD trading products, coupled with favourable trading conditions, is widely considered to be the primary reason for its broad appeal. Impressed with its wide popularity, we decided take a closer look at ClickTrades Review 2023 and evaluate its features, services, and overall user experience.
The platform is designed to cater to both novice and experienced traders and offers a range of account types for so. However, some users have reported experiencing technical difficulties with the platform, although the company has made efforts to address and resolve these issues.
In this comprehensive ClickTrades Review 2023, we will put in our expert approach to examine the platform’s features and services in more detail to help you determine whether it is the right choice for your trading needs.
What Is ClickTrades?
ClickTrades is an online forex broker that offers a diverse selection of 2,100+ Forex and CFD products. The platform is owned and operated by KW Investments Limited, which is registered in Seychelles and regulated by the Seychelles Financial Services Authority (FSA).
The broker offers market news, tools, and technical & fundamental analytics to assist traders with their trading strategies and judgments. They also offer narrow spreads, quick trade execution, large leverage, and no deposits or withdrawal commissions.
Clients also get full access to Online Trading Central, which offers deep market information as well as practical trading suggestions along with rich analytics tools for technical analysis. We are going to provide you with all insights and features of the brokerage firm in this detailed ClickTrades review 2023.
Is ClickTrades Scam?
No, ClickTrades is not a scam broker; rather, it is a legit and regulated online trading platform. The platform is operated by KW Investments Limited, a Cyprus-based company that operates under the supervision of the Cyprus Securities and Exchange Commission (CySEC).
This means that the broker is required to adhere to strict regulatory standards and must comply with regulations designed to protect traders’ interests.
As a regulated entity, the broker is required to operate within the boundaries of regulatory laws and standards set by its governing authority – the CySEC.
In accordance with the regulatory requirements, the brokerage is obligated to protect its client’s interests by segregating their funds and maintaining adequate levels of capitalization.
Overall, our detailed analyzed ClickTrades scam test showed the broker could be considered legit and low-risk.
Trading Instruments Offered By ClickTrades
The broker offers 2100+ trading instruments across various asset classes, including:
- Forex: Over 50 currency pairs available
- Commodities: Precious metals, Crude Oil.
- Stocks: Popular worldwide stocks
- Indice: S&P 500, NASDAQ, FTSE 100, and Nikkei 225
- Cryptocurrencies: Bitcoin, Ethereum, and Litecoin
- Bonds
- Exchange-Traded Funds (ETFs)
ClickTrades Fees & Other Charges
The broker charges various fees to its traders, including spreads and overnight financing fees. Here’s take a look at the fee breakdown through our detailed ClickTrades Review 2023:
- Currency Conversion Fees of 0.5% that applies to Webtrader users.
- Spreads that typically range between 0.00036 to 0.8 pips
- SWAP fees for position remained open overnight
ClickTrades Leverage & Margin Requirements
The broker offers competitive leverage and margin requirements for its traders. Here’s an overview of the leverage and margin requirements for each account type:
Essential Account: This account type offers maximum leverage of 1:300 for forex and 1:200 for indices & commodities, 1:10 for stocks, 1:33 for ETFs, 1:10 for Cryptocurrencies and 1:100 for bonds. The margin requirement is 3.33%.
Original Account: This account type offers maximum leverage of 1:300 for forex and 1:200 for indices & commodities, 1:10 for stocks, 1:33 for ETFs, 1:10 for Cryptocurrencies and 1:100 for bonds. The margin requirement is 0.5%.
Signature Account: The leverage requirements for this account remain the same as Original and Essential accounts. The margin requirement is 0.25%.
Trading Platforms At ClickTrades
With a user-friendly interface, two trading platforms, and a mobile trading app, the broker provides traders with a seamless and enjoyable trading experience. Let’s take a look at each of them
WebTrader
The brokerage offers an intuitive and simple-to-use platform with all of the features you’d expect from a platform built on the latest technologies and designed for dependable execution.
The WebTrader allows you to stay connected to the markets through a good internet connection and a web browser, with access to a variety of world-class assets such as Forex, commodities, indices, ETFs, and bonds. Here are the salient features of WebTrader.
- Trading central
- Stop and limit orders
- Wide range of instruments
- Central economic calendar
- Instant execution of trades
- Technical analysis tools
- Innovative tools
- Trading Signals
- Negative balance protection
- Advanced Interactive charts
MetaTrader 5 (MT5)
With the ClickTrades MT5 platform, you can easily monitor your whole portfolio in real-time with the help of navigators and asset control services. In addition, over 30 built-in indicators, 2,000+ free custom indicators, and nine timeframes are available in MT5.
You get to design your own interface, so pick your favourite chart kinds, colours, and technical components for quick and easy access to the information that matters most to you. Here are the key features of the MetaTrader 5 trading platform.
- 24/5 market access
- Intuitive and easy platform
- Multiple timeframes
- Extended market coverage through updates
- Limit and stop orders
- Economic Calendar for market analysis
- Built-in extensive analysis tools
- Stop loss and take profit functions
- Trading Sessions
- Trading Central
- Quick trade execution
- Compatible with all devices
ClickTrades Mobile Application
ClickTrades mobile application offers a comprehensive trading experience on the go, with all the essential features and free analysis tools available at your fingertips.
- Real-time quotes and charts for all trading instruments.
- Customizable watchlists to keep track of your preferred instruments.
- Ability to open, close, and modify positions directly from the app.
- Multiple order types are available, including market, limit and stop orders.
- Access to account history, balance, and margin requirements.
- Secure login with fingerprint or Face ID authentication.
- News feed and economic calendar to stay informed about market events.
- Access to Trading Central
- Trading Sessions
- Advanced Technical Indicators
- Ability to contact customer support directly from the app.
- Push notifications for price alerts and account updates.
- User-friendly interface with intuitive navigation and easy-to-use features.
ClickTrades Review 2023: Pros and Cons
Pros
- 2100+ Trading Assets
- Easy-to-use platform
- Lightening Fast-execution
- No Brokerage Commission
- Access To Trading Central
- Weekly CFD Expiration Rollover
Cons
- Restricted in the U.S, Canada, and Japan
- No educational materials except a financial dictionary
Overview Of ClickTrades Account Types
The broker offers different trading account types to cater to the needs of different traders. However, it is important to note that each account type comes with different trading conditions, minimum deposit requirements, and features.
Traders should carefully review the details of each account type before deciding which one best suits their trading needs and objectives. Additionally, it offers a demo account that allows traders to practice their strategies according to their trading style without risking real money.
Through this ClickTrades Broker Review 2023, take a closer look at the comparison of the different broker’s account types:
Essential Account
- Minimum deposit: $1000
- Leverage: up to 1:300
- Access to educational resources
- Daily market review
- Third-party analyst recommendations daily
- 2 days/week of dedicated account support
Original Account
- Minimum Deposit of $5000
- Demo account
- Access to the video library
- Third-party analyst recommendations daily
- 3 days/week of dedicated account support
- Daily news updates and research
- Open access to research
Signature Account
- Minimum Deposit of $25,000
- Demo account
- Access to the video library
- Third-party analyst recommendations daily
- 5 days/week of dedicated account support
- Daily news updates and research
- Trading central
- Dedicated Account Representative
- Special trading conditions
- Track market movements based on multiple daily updates
- Access to one-to-one meetings with the account representatives
Although ClickTrades offers comparatively higher spreads for Essential account holders, things are much more promising for those who have upgraded to Original or Signature account holders. These account types come with substantially lower spreads, making them a more attractive option for traders who are seeking more favourable trading conditions.
How To Sign Up For ClickTrades Live Account?
The platform’s user-friendly trading system makes it simple to open a trading account. Through this ClickTrades Review, we have simplified the process of real account opening in the easiest way possible:
- You must fill out a brief online application form provided by the broker.
- As part of knowing customers’ procedures, you will be required to give some personal information as well as documentation.
- Now, make the first deposit in your account.
- Following that, sign into your account with Clicktrades login credentials to start trading online utilizing the provided platforms once validated.
ClickTrades Deposit And Withdrawals Conditions
The broker offers a variety of deposit and withdrawal options to its traders. Here are the conditions for deposits and withdrawals:
Deposit Conditions
- Minimum Deposit: The minimum deposit amount for ClickTrades is $1000.
- Payment Methods: It offers a variety of payment methods, including credit/debit cards, bank transfers, Trustly, Neteller and Paysafecard.
- Fees: The platform does not charge any deposit fees. However, some payment methods may charge fees, which are the responsibility of the trader.
How To Deposit Funds Into ClickTrades?
To make a deposit into your account, log in and go to the “Deposit” section, select the payment method, enter the amount, and submit the request. The request will be processed within 1-2 hours.
Withdrawal Conditions
- Minimum Withdrawal: The minimum withdrawal amount is $50.
- Payment Methods: The platform offers similar payment options a deposits for withdrawals.
- Fees: The platform does not charge any withdrawal fees. However, some payment methods may charge fees, which are the responsibility of the trader.
- Processing Time: Withdrawal requests are processed within 1-2 business days. However, the time it takes for the funds to reach the trader’s account may vary depending on the payment method.
How To Withdraw Funds From ClickTrades?
To withdraw funds, log in to your account, go to the “Withdrawal” section,
- Select the payment method, enter the withdrawal amount, and submit the request.
- The withdrawal request will be processed within 1-2 business days. It’s important to note that the account must be verified before a withdrawal can be made.
Overall based on our analysis for ClickTrades Review 2023, it is revealed that the platform offers a variety of convenient and secure deposit and withdrawal options for its traders, with competitive conditions and no hidden fees.
Educational And Research Resources Offered By ClickTrades Forex Broker
Navigating the Clicktrades website can be a daunting task for newcomers as there are no educational resources available. The absence of trading guides, tutorials, and webinars can put new clients at a disadvantage and hinder their ability to develop the necessary trade knowledge. It’s like trying to sail in unknown waters without a compass.
The broker offers only the bare minimum in terms of research tools, limited to an economic calendar that fails to provide comprehensive market analysis. This lack of analysis can be detrimental to traders and investors alike, as it makes it difficult to identify market trends and establish entry and exit points.
Overall, the broker’s educational and research offerings disappointed us, as far as we explored through our detailed ClickTrades Review 2023.
ClickTrades Customer Support
The broker offers multilingual customer support services to cater to clients globally. Customers can get in touch with the support team via phone, live chat, and email in languages such as English, Spanish, and other languages.
The account representative team is highly professional and responsive, providing prompt and efficient service to address clients’ concerns. Furthermore, the team has a positive reputation, with a low number of negative reviews on the internet.
Clients can avail of customer support services from Monday to Friday through various communication channels, such as
- Email at [email protected]
- Phone numbers +5078388578, +96522068997
- Live chat
Additionally, clients can reach out to the support team through ClickTrades’ physical address at Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe Seychelles or through their social media platforms such as Facebook, Twitter, and LinkedIn.
Final Words On ClickTrades Review 2023
After a detailed evaluation of ClickTrades Review 2023, we conclude it is a reputable trading platform that provides traders with access to a broad range of financial instruments and markets.
The platform is user-friendly, making it suitable for traders of all skill levels, with competitive trading fees and efficient customer support services available in multiple languages and communication channels. Additionally, ClickTrades employs advanced security measures to protect users’ data and funds.
However, the platform’s limited educational resources for novice traders and basic research tools may be a disadvantage for those seeking more comprehensive trading education and analysis tools. Hereby, we recommend a more reliable and beginner-friendly broker – InvestFW.
FAQ
Is Clicktrades Legit?
Clicktrades is a legit broker as it is authorised and regulated by the Seychelles Financial Services Authority (FSA), license number SD020.
Clicktrades.com Is Real Or Fake?
ClickTrades is a real trading platform that offers access to a wide range of financial instruments and markets, with a user-friendly platform and efficient customer support services. It is not fake.
ClickTrades vs EToro: Which Is Better?
There is no definitive answer to whether ClickTrades or eToro is better, as each platform has its strengths and weaknesses. Both are reputable and trustworthy trading platforms, with access to a wide range of financial instruments and markets, competitive trading fees, and efficient customer support services. Ultimately, the choice between Click Trades and eToro depends on your trading objectives, preferences, and risk tolerance.
How Good Are Clicktrades Reviews?
Clicktrades is a decent broker with plenty of good reviews from its existing users. At the same time, the broker has been feliciated with several industry awards like Most Popular Trading Platform in South America 2021 and Forex Broker of the Year Award 2021.
Meanwhile, the broker’s demo account is better for traders of all trading skills level.
Is Clicktrade App Available in The USA?
No, the platform doesn’t provide services in the US.
Who Owns Clicktrades?
The platform is owned and operated by KW Investments Limited.
Can I Lose Money With Clicktrades?
CFD trading on any platform carries a high risk of loss, along with good profits. There are many reasons for losing money quickly, including a lack of good trading strategies, trading decisions and market knowledge. So, it is always good to have a trading strategy to mitigate market risks.
Do Clicktrades Offer Any Bonus?
The platform gives a bonus on deposited funds.
How Do I Withdraw From ClickTrades?
To withdraw funds from Click Trades, log in to your account, go to the “Withdrawal” section, select the payment method, enter the withdrawal amount, and submit the request. The withdrawal request will be processed within 1-2 business days. It’s important to note that the withdrawal method must match the deposit method, and the account must be verified before a withdrawal can be made.
How To Change ClickTrades Login Credentials?
If you want to change your ClickTrades login credentials, you can follow these steps:
- Go to the ClickTrades login page and sign in with your current credentials.
- Once you are logged in, click on your profile icon located in the top right corner of the screen.
- From the dropdown menu, select “Account Settings”.
- On the “Account Settings” page, click on “Change Password” or “Change Email” depending on which credential you want to change.
- Follow the prompts to enter and confirm your new password or email address.
- Once you have entered and confirmed your new credentials, click on the “Save” button.
What Is ClickTrades?
Click Trades is an online forex broker that offers a diverse selection of 2,100+ Forex and CFD products. The platform is owned and operated by KW Investments Ltd, which is registered in Seychelles and regulated by the Seychelles Financial Services Authority (FSA).
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