ClickTrades Broker Review



Min Deposit


Min Spread




Broker Trusted Points

ClickTrades is an online broker which offers a limited range of CFD Trading. The broker provides accounts with fewer features, and the minimum deposit is also required high about $1000 compared to other brokers in the industry. The trading features which are offered in the trading platform are fundamental. The commission and spread charged by the firm are also higher in the industry. At the same time, the educational and research resources provided by the broker are limited and basic. The customer support is also not prominent. The broker had not mentioned on its website when it was established. Key Way Solutions Ltd operates the firm. Below will see the detailed ClickTrades review based on various factors and services.

ClickTrades Broker: ClickTrades Scam or Safe?

The KW Investments Limited operates the broker and is regulated by the Seychelles Financial Services, under the license no SD020 and has its headquarters at Mahe, Seychelles. And even this firm is co-owned by the Key Way Solutions Ltd, which is not regulated by any financial institutions. Additionally, the broker doesn’t use any segregated bank accounts and not even any advanced level encryption systems.

There are scam brokers and legit brokers. But some of the brokers are type and we can’t justify them. ClickTrades is the same as that we can’t consider it as a scam but not also legit as there are mixed experiences of the customers about this brokerage firm. 

However, some experts may consider ClickTrades as a scam broker.

Account Types:

The broker offers three different types of trading accounts named as essential, original and signature accounts.

Essential Account: This is the broker’s primary account type, in which $1000 is needed for account opening. Which discourages young traders from trading in the financial market. 

Original Account:  This is the medium size account type, in which $5000 is essential for account opening. So, it goes without saying, the account is not conducive.

Signature Account: This is the third account type where $25000 is required for account opening. It is highly expensive. Thus, not good for investors.

The minimum account opening amount is very much higher compared to other brokerage firms in the industry. The broker is not suitable for small traders who seek an account type with less amount. The expert traders also might not take the chance to open an account with this broker. No matter the deposited money will belong to them, but if they don’t like their service and trading features, it might be a critical situation in that scenario.

The spread charges are on the higher side like 3 to 5 pip, it can hurt the novice traders, as many brokers have spreads starting from 0.03 pips. The maximum leverage offered by the broker is 1:20, which is relatively less compared to a market where other brokers offered 1:500 leverage.

Many better options in the market offer best account types with low deposit and commission charges. The customer can get charged $10 as inactivity fees if the account is not active for more than ninety days.

Account Opening Process:

Account opening process is simple; you have to submit the essential information and documents for verification. The only thing is that it can take little time to verify and activate the account. Whereas with many brokers verification process is done on the same day, and the account is activated. 

The minimum deposit required for opening the account is very high, as seen in the ClickTrade review. The broker does not accept the clients from the United States.

ClickTrades Broker Review: Tradable Markets

The broker offers a restricted range of tradable instruments, including limited currency pairs, stocks, bonds, indices markets and significantly fewer commodities. It does not provide any cryptocurrency of trading. All these can be drawbacks for the traders as they can’t explore the broader range of financial instruments, restricting their income level. Customers can’t select the different leverage limit for the separate asset, which can be riskier for them, so controlling the loss traders should control the leverage limit for a particular asset.

Trading Platform:  

ClickTrade offers a WebTrader trading platform and MetaTrader5. The trading platform is web-based, which means traders don’t have to install it, they can access them from anywhere with only they will require the internet. This can be the worst feature. It also doesn’t offer MetaTraders4 its major drawback as many exceptional features are available in MetaTrader4, which are crucial for trading in the financial markets. Anyone who’s a novice trader would find it challenging to fathom advanced features processed by MT5. Other top brokers offer the MT4, which is a globally recognised and most useful trading platform.

So, the absence of MT4 can disappoint some traders. 

Leverage and Commission & Fees:

Leverage offered by the broker is 1:20, which is exceedingly low compared to other brokers. 

Many brokers in the market offer maximum leverage up to 1:500. Leverage can enhance the trading profit; traders can earn more profit with less capital with maximum leverage.  

Spread charges are very high compared to other brokers in the market. Spread charged by the broker is 3pips to 4pips, whereas the top brokers offer 0.03pips. These can affect the overall profit of the traders.

Deposit and Withdrawal:

The broker offers significantly fewer options. The broker also charges the fees for depositing and withdrawing the payments. The payment processing timings are extremely slow; it can take 10-15 days, putting customers off as they can face a capital issue in an emergency. There are several top brokers where you can withdraw payments within one working day. So while choosing the broker, you should keep in mind about this point, as it might affect your trading. 


The broker offers minimal research tools. It only provides an economic calendar. This can be worse as without research tools; it’s challenging to analyse the market. It can be a massive setback as a thorough analysis is crucial for flourishing trading. Without analysis, you can’t determine the entry and exit point and the assets’ price movement. Other top brokers offer several research tools to help traders understand the market movement and execute trading strategies correctly.


Educational resources are absent on brokers’ websites. It can be a considerable disadvantage for novice clients as they can’t get any help with trading knowledge. Educational resources are a must for every trader. Without that, it will be challenging to trade in the financial markets, as every trader should know the dynamics of the particular market and the different trading strategies.  

Customer Support:

The broker has an inferior customer service team. They do not offer 24/7 client support. Response time is prolonged, so this can be a critical scenario if traders have any emergency related to their trading orders; it can be complicated. 


  • Not Regulated with the top financial institution
  • Educational Resources Absent
  • MetaTrader4 Absent
  • Limited Research tools
  • Low Leverage
  • High Commissions and spreads
  • High Minimum Deposit $1000
  • Inactive Customer Support
  • U.S clients not accepted

Bottom Line:

Here was the detailed ClickTrades Broker. The broker is not great as there are many other top brokers in the industry that offer a too advanced trading platform, trading tools, and features, with low spreads and fewer minimum deposits. There are many clients reviews about their bad experience with ClickTrades Broker. Although everyone has their own opinion, while going with this broker, traders should verify all the broker’s details wisely. 

 Investlite, Brokereo, Primefin are some of the top-rated and leading online brokers available in the market. They offer explicitly low spreads and commissions, with exceptional trading features and services that can help traders multiply their profits and make their trading prosperous.

[carousel_slide id=’5361′]

{{ reviewsOverall }} / 5 Users (1 vote)
Customer Support
What people say... Leave your rating
Order by:

Be the first to leave a review.

User Avatar User Avatar
{{{ review.rating_title }}}
{{{review.rating_comment | nl2br}}}

Show more
{{ pageNumber+1 }}
Leave your rating

Related Brokers


  • Get a Callback

    A trusted broker will contact you today.