ClickTrades Review

Minimum Deposit: $250 VISIT BROKER
Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

ClickTrades Review

Summary

ClickTrades is an offshore regulated broker that offers more than 2,100 trading instruments on its proprietary WebTrader as well as MT5 trading platforms. Multiple payment options and Trading Central analysis are some of the strengths of the brokerage.

ClickTrades was founded in 2018 with a goal of giving its clients the best trading experience in the financial markets. It is located in Seychelles where its operations are authorized and supervised by the FSA. The broker has deployed cutting edge technology which has ensured speedy execution of client trades and a digitally secured trading environment.

In a bid to assist its traders, the broker has partnered with the renowned fintech firm ‘Trading Central’ to provide quality analysis and trading ideas to its teeming clientele. The support desk is multilingual and easily accessible every week day.

7.5Expert Score
ClickTrades Rating

With two powerful trading platforms, multiple payment options and expert analysis powered by Trading Central, ClickTrades is a broker with potential.

Trading Products
7.5
Commissions and Fees
7
Platforms and Tools
8
Research and Education
7
Deposit and Withdrawal
8

ClickTrades Review

Pros and Cons

ClickTrades is a broker with a generous choice of assets to trade including forex, stocks, indices, commodities and cryptocurrencies. They also offer bonds and ETFs which are not very common when it comes to CFD brokers. A choice of two powerful platforms is available: MT5 and ClickTrades WebTrader; both platforms are rich with robust tools for trading and market analysis. You can choose from a variety of payment options which includes cryptocurrency and several e-wallets. Free demo accounts are also available. On the downside, the regulation could be improved and they do not accept clients from quite a few countries, including the USA. There is also a lack of educational content for beginners and an inactivity fee.

Pros
  • Over 2,100 trading instruments can be traded on its platforms
  • Expert analysis is provided by Trading Central
  • Multiple payment options including ePayments and cryptos
  • Multilingual support team
Cons
  • Clients from USA, Japan, Canada and some other regions are not allowed to register
  • Inactivity fees of $30 every month are charged from dormant accounts
  • No training articles, videos or academy

ClickTrades Review

Trading Products

In the area of trading instruments, ClickTrades did well by providing access to trade more than 2,100 trading instruments grouped under several asset classes. There are about 54 currency pairs, 10 stock indices, 6 commodities, 4 bonds, 22 cryptocurrencies and over 50 exchange traded funds (ETFs). The broker also offers thousands of stocks CFDs drawn from stocks exchanges in USA, UK, Germany, France, Spain, South Africa, etc. They do not provide options trading but EXANTE do if that is something you are looking for. Otherwise, I feel they have a good choice of financial instruments for anyone to build a diversified portfolio.

ClickTrades Instruments Summary

InstrumentsClickTrades
Forex
Stocks
Indices
Commodities
Cryptos
Optionsx
Bonds
ETFs
CFDs
ClickTrades Instruments

ClickTrades Review

Commission and Fees

Commission and Spread Fees

ClickTrades does not charge any commissions on trades, rather its trading fees are embedded into the bid-ask spreads. The broker charges both fixed and variable spreads depending on the trading platform and financial instrument. The ClicksTrade WebTrader has lower spreads when compared to the MT5 platform. On the MT5, the benchmark EURUSD starts from 3 pips while on the WebTrader, EURUSD is from 1.8 pips.

If you trade a currency that is not the same as your account currency, conversion fees of 0.5% will be applied each time money is converted into your account currency. ClickTrades allow its clients to maintain accounts in up to 7 currencies; USD, AED, COP, EUR, GBP, LKR and ZAR. This is advantageous as you can avoid currency conversion fees.

Clients can choose from 3 account types: Essential account is designed for newbies; the recommended deposit is $1,000. Original account is the trader’s choice and can be opened with a deposit of $5,000. Signature account is reserved for experts. It comes with special trading conditions, access to Trading Central analysis and physical meetings with ClickTrades account representatives. The balance required to open a Signature account is $25,000.

I think it would be better if they could provide accounts with 0.0 pips spreads as this would help my scalping strategies. If you are planning on scalping and want the lowest spreads possible, XM Group have raw spreads starting from zero pips.

Swap free accounts will not incur swap fees within its assigned grace period after which swap fees will apply. Major currencies are assigned a grace period of 5 nights, minor currencies is 3 nights, exotic currencies is 2 nights. Grace period of 4 nights apply to commodities, ETFs and shares CFDs, indices is 2 nights while crypto CFDs is 3 nights.

Demo accounts come automatically with registration; it is created at the same time with the real account. It comes with $50,000 virtual funds to be used in trading practice. This can be a great way to get a feel for the broker and what they offer before you make any financial commitment.

Fee Essential Original Signature
Commission (per standard lot per side)$0$0$0
Spreads from1.81.81.8
ClickTrades Fees

Deposit and Withdrawal Fees

There are no deposit fees but withdrawal fees depend on the withdrawal method used.

Inactivity Fees

If there is no trading activity in an account for a period of 90 days, $30 is charged monthly as inactivity fees. If you want to avoid potential inactivity fees, then you can take a look at Switch Markets who do not charge any.

ClickTrades Review

Platforms and Tools

ClickTrades gives its traders access to choose from two trading platforms as follows:

ClickTrades WebTrader

This is a proprietary trading platform that runs on web browsers across all operating systems the platform is user-friendly and meets the requirements of both new and experienced traders. Below are some of its features:

  • Assets list are neatly arranged for easy navigation. Favourite assets can be grouped to appear in the Watchlist.
  • The workspace, charts and colours are customizable.
  • Easily switch between live and demo accounts.
  • Multiple order types including limit and pending orders.
  • Charts can be viewed in 6 styles and on 10 timeframes.
  • It comes with up to 90 technical indicators.
  • Features trading tools like daily analyst ratings, bloggers opinions, news sentiment and hedge funds activity.
ClickTrades WebTrader Platform
ClickTrades WebTrader Platform

MT5 Platform

This is an advanced trading platform built by MetaQuotes Software Corp in 2010 to replace the popular MT4 platform. It is powerful, versatile, sophisticated but simple enough to satisfy the needs of new traders as well as professional traders. You can use MT5 on your desktop, directly in your web browser or whilst on the go via modern trading apps. Here are some of its key features:

  • User friendly platform with fast execution speed.
  • Tradable assets can be displayed in 3 chart types and up to 21 timeframes.
  • Platform features and tools can be expanded via plugin tools developed from the MQL5 programming language.
  • Supports automated trading through Expert Advisors (EAs) which are trading robots developed with MQL5 and installed on the MT5 platform.
  • From the market tab, you can access the MQL5 market where trading tools, EAs, indicators, etc can be bought and installed on the platform.  
  • It comes with 38 technical indicators; but it can be extended to thousands of indicators via plugin apps.
  • It s versatile; comes as WebTrader, windows desktop application, android and iOS mobile apps
ClickTrades MT5 Platform
ClickTrades MT5 Platform

ClickTrades Platforms Summary

PlatformClickTrades
MetaTrader 4 (MT4)x
MetaTrader 5 (MT5)
cTraderx
Proprietary
Desktop
Web
Mobile
Social Tradingx
Otherx
ClickTrades Platforms

ClickTrades Review

Research and Education

Trading Central

Trading Central is integrated into the WebTrader to help you make informed decisions by presenting in-depth research and analysis. Trading Central is a leading fintech firm that is into financial research and provides updated expert analysis on a wide range of financial securities. This is an excellent tool for market analysis that you will only find available through a select few brokers, CM Trading being another option.

ClickTrades Trading Central
ClickTrades Trading Central

Market news

This section periodically posts articles drawn from the current market news. The articles are short and focus on selected assets. It is usually updated weekly.

Financial dictionary

This comprises of financial markets terms and their meanings. It is arranged alphabetically making it easy for a trader to easily access a specific term and its definition. The dictionary has about 230 terms.

Economic calendar

This is an indispensable tool used in fundamental analysis. It shows the time and dates of important events that are known to impact the financial markets. For each event, its overview, chart, impact history and forecast can be viewed when you click on the event. The calendar can be customized to display only the trader’s choice of events, countries, dates, time zone and event’s importance level. You can also get access to an economic calendar in MT5 which I find much more convenient because it saves you from needing to switch windows whenever you want to check the news.

ClickTrades Research and Education Summary

ResourcesClickTrades
Market Analysis
Guidesx
Videosx
Webinarsx
Autochartistx
Trading Central
Economic Calendar
Otherx
ClickTrades Resources

ClickTrades Review

Deposit and Withdrawal

ClickTrades does not charge extra fees for deposits and withdrawals. In compliance with the regulatory provisions, third party deposits are not allowed. The minimum deposit is $250 and the payment options available to you depend on your country of residence. Generally, trading accounts can be funded via bank wire transfers, credit/debit cards and e-payment gateways like Skrill, Neteller, YuuPay, Fast bank transfer and SafeCharge. If the minimum deposit is out of your reach at the moment, then Bold Prime have a similar range of trading products and services but only require $15 to get started.

The broker accepts crypto payments in Bitcoin, Ethereum, etc. It is powered by Ecommpay. Card payments are instant as well as ePayments though some may delay up to 24 hours. Bank transfers take 2-7 business days before the payment is completely processed.

ClickTrades Funding Summary

Payment MethodDepositWithdrawal
Wire Transfer
Credit/debit Card
Electronic Wallets
Cryptos
ClickTrades Funding Options

ClickTrades Review

Regulation and Safety

The trading brand ‘ClickTrades’ is owned and operated by ‘KW Investments Limited’, which is a company that is authorized and regulated by the Seychelles Financial Services Authority, (FSA). The license number is SD020. If you would prefer a broker regulated in another country, Plus500 are one of the most regulated brokers that you can find.

ClickTrades Regulation Summary

RegulatorClickTrades
ASIC (Australia)x
IIROC (Canada)x
CySEC (Cyprus)x
SFC (Hong Kong)x
JFSA (Japan)x
MAS (Singapore)x
FINMA (Switzerland)x
FCA (UK)x
CFTC (USA)x
Other (FSA Seychelles)
ClickTrades Regulators

ClickTrades Safety

ClickTrades states those clients’ funds are protected according to the regulatory provisions. Adequate digital security has been implemented to help protect clients’ data and funds.

ClickTrades Review

Client Support

The Frequently asked questions (FAQs) page is the first point of call to prospective clients who may have questions. But, if you still want to reach the support team, ClickTrades client support desk is available every weekday from Monday to Friday. You can reach them by sending an email or by calling the support phone numbers. Also, on the website, there is a web chat support channel which can be used to reach the support team. You can follow ClickTrades on social media; Twitter, Facebook and LinkedIn.

ClickTrades Review

Conclusion

ClickTrades is a broker with a determination to lead other brokerages. Regulated by FSA Seychelles, it has implemented the necessary standards on security and transparency. Its choice of platforms gives traders some of the best options in the business whilst the rather large assets index is also commendable.

But, in comparison with other brokers, ClickTrades spreads are not the tightest. Also, the minimum account opening balance is high. Perhaps, the greatest weakness is the offshore regulation which many experts frown at. Furthermore, there are no educational resources, social trading or managed accounts.

If you are curious and wish to give them a try, there is always the option of a free demo account and the support team are always happy to answer your questions in advance.

Everything that you find on InvestingBrokers.com is based on information and data that is readily available from each broker that we have reviewed. We combine our 15+ years of industry experience with research, analysis and user feedback. This enables us to give an impartial and reliable broker rating. You can read more about our broker review process here.

ClickTrades Review

FAQs

When was ClickTrades founded?

ClickTrades began its brokerage operations in 2015.

Where is ClickTrades located?

ClickTrades head office is in Mahe, Seychelles.

Is ClickTrades regulated?

Yes, it is regulated by the Financial Services Authority (FSA), Seychelles.

What trading instruments does ClickTrades offer?

ClickTrades offers more than 2,100 trading instruments in the following assets classes: Forex, commodities, stocks, indices, cryptocurrencies, bonds and ETFs.

What is ClickTrades minimum deposit?

When creating a new account, the minimum amount you can deposit is $250.

What trading platforms does ClickTrades offer?

Two platforms are available: the popular MT5 trading platform and ClickTrades WebTrader platform.

What is ClickTrades commission fee?

There are no commissions on trades.

Does ClickTrades charge an inactivity fee?

Yes, $30 is charged from dormant accounts. An account becomes dormant when no trading activity is recorded for 90 days.

What are ClickTrades spreads?

The spread depends on the platform. The average spread for the EURUSD is 1.8 pips on the WebTrader and about 3 pips on the MT5.

What funding options does ClickTrades offer?

You can fund your ClickTrades account by bank transfer, debit or credit cards, cryptocurrency coins, and several online options such as Skrill, Neteller, YuuPay, Fast bank transfer and SafeCharge.

Does ClickTrades offer demo trading?

Of course, demo accounts are available on all platforms. It comes with virtual funds and offers zero risks to the trader.

Does ClickTrades offer Islamic accounts?

Yes, but its Islamic accounts are not entirely swap free; there are no swap fees for the assigned grace periods. For example, EURUSD has a swap free grace period of 5 nights after which swap fees apply except the position is closed.

How do I contact ClickTrades customer support?

You can reach the client support desk by phone call, online web chat or email.
ClickTrades Review
ClickTrades Review
Minimum Deposit: $250
Richard Montana

Richard Montana

Richard has spent many years researching, testing, comparing and reviewing brokers. He has an extensive knowledge when it comes to understanding what to look for in a broker for trading and investing online.

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