ClickTrades is a newly established brokerage firm that was opened only in 2018 and is just establishing its name. The broker got the attention of many traders as they have a wide selection of the assets to trade with. ClickTrades is regulated by Seychelles Financial Services Authority and is operating worldwide, although, the broker does not establish accounts do not establish accounts to residents of certain jurisdictions including Japan, Canada, and the USA, on the other hand, the broker offers Islamic accounts. The minimum deposit with the broker is higher than average and is $1000, however, it suggests high leverage and commission-free transactions with a wide variety of payment methods. In this ClickTrades review, we will go through the company details, regulations, offerings and trading conditions to see if the broker is trustworthy or a scam that should be avoided.
Is clickTrades legit?
As mentioned above, ClickTrades Forex broker is the new brokerage on the Forex Market but it has already driven the attention of many traders. The company is registered in Gibraltar and has the operational address in Gibraltar as well. The broker is operated by the company KW Investments Limited, which is authorized and regulated by Seychelles Financial Services Authority. The company license number can be found on their website and checked with the Financial authority, the fact that the broker has a regulator and a valid license is always a big plus, especially today when there are many brokers who are unregulated or simply put the license number that either does not exist or is stolen from another brokerage firm. The company history so far is also clean as there have not been cases of any violations of regulations from ClickTrades side. This makes us confident to say that there are no possibilities of ClickTrades scam and the broker is trustworthy.
The website is an important part of the broker review as it gives us an idea of how serious is the broker when it comes to business and customer satisfaction. Mostly the scam brokers do not invest much in the website as they are not interested in delivering the good trading experience. It is not the case for ClickTrades FX brokerage. Although we have seen better-designed websites the taste is not what we need to pay attention to. The website overall looks average, but is fast, has very intuitive navigation and many pages that provide the information necessary for the customer.
On the website, one can find information about the broker, its regulation, terms, and conditions for trading, legal documentation and more. There is full information about the assets one can trade with, trading tools and news. We are always glad to see when the brokers are trying to keep their customers informed about the news that is happening on the Forex market. Hence were happy to see that while making the Clicktrades.com review the new articles were added meaning that the news section is always fresh and up to date. Another plus of the website is that it can be viewed in five different languages English, Spanish, Arabic, Russian and Indonesian.
What can you trade with ClickTrades?
ClickTrades offers a wide selection of the assets, there are more than 2100 CFDs available for the customers of the broker to trade with:
- currency pairs that are divided into the three popular groups: majors, minors, and exotics.
- Shares of one of the most popular companies one can find on the global financial markets, including Australian, European, Asian or the US markets. The list of companies includes Apple, Google, Facebook, Alibaba, Netflix and more.
- CFDs on Indices that covers more than 26 global indices.
- Commodities from two categories – soft commodities such as wheat or rice and hard commodities such as gold gas or oil
The variety of assets is always a good thing and it definitely raises the ClickTrades rating to us. The leverages are different depending on the assets you trade with, maximum leverage that the broker customers can have is 1:300 which can be very attractive for all kind of traders.
ClickTrades Account types review
ClickTrades offers three kinds of accounts for the customers depending on their needs. The three types of ClickTrades accounts includes the Essential account with the minimum deposit of – $1000, ClickTrades Original – $5.000 and ClickTrades Signature – $ 25.000.
The deposits for the accounts overall are really high compared to the other brokers. Although ClickTrades is not the only broker to have the high minimum deposit for the premium accounts. Many of the brokers prefer to have limited number of the customers, the users that can have the ability to hold the premium accounts are usually well-experienced traders. Other traders can have an essential account and still enjoy the trading with the high leverage.
All of the accounts come with the features, such as:
- Support from Monday to Friday 6:00 AM GMT to 01:00 GMT
- Demo accounts
- Daily marker reviews
- Daily analyst recommendations
Customers that have Essential and Original accounts have limited access to the ClickTrades video library and have dedicated account representative 2 and 3 days a week respectively. Original accounts also come with open access to research and special trading conditions. In addition to all these traders with the Signature accounts of ClickTrades FX brokerage have a trading central and one-to-one meetings with an account representative.
Overall the accounts are pretty expensive but they come with the features that are helpful for both beginner traders and well-experienced ones.
ClickTrades trading platform
The broker offers its own WebTrader platform that is available with the desktop, tablet, and mobile versions. As the Forex trading is now fully digitalized it is very important for the users to have access to their trading accounts from any device. ClickTrade webTrader has a wide range of instruments, analysis tools, economic calendar and many other features that guarantees the better trading experience. Overall the design of the trading platform is very nice, it is fast and simple to use which is always a plus
Withdrawal & payment methods
There is no extra fee applied when depositing or withdrawing the money, the transactions can be made via several provides, not many brokers offer several payment methods and it is always nice to have a wide choice. The methods one can use with the Clicktrades includes Visa, MasterCard, Maestro, Neteller, Trustly and Skrill.
For the security reason, the Clicktrades withdrawal will be done with the same payment method which was used for depositing the funds. The withdrawal itself is an easy procedure and requires filling up the withdrawal request form.
ClickTrades customer service
Last but not least let us review the customer service which is a very important aspect of trading with the broker. Customers of every broker should know that there is always someone from the broker side that is ready to assist. The ClickTrades support is available via the chat service that is always the best way to go as the direct chat with the company representative is fast and easy to reach. The Clicktrades support can be also acquired by the email, phone number or contact form that is available on the website. Fast response rate and the various possibilities to reach the broker adds points to ClickTrades rating.
So can ClickTrades be trusted?
Since the broker is regulated there is not a reason to think of ClickTrades fraud, the broker is legit and offers the products and services that are fully authorized and regulated. As the minimum deposit fee is higher than average on the Forex market, we can assume that the broker is for the well-experienced traders. The customers of the ClickTrades have a big variety of the assets to trade with, high leverage, commission-free transactions and many features that come with the trading account and makes trading smooth, intuitive and more enjoyable.