ClickTrades
Pros and Cons
Pros
- Regulated by the Financial Services Authority (FSA) of Seychelles
- Over 2,100 tradable assets across multiple categories
- User-friendly trading platforms: MetaTrader 5 and proprietary WebTrader
- Access to advanced market analysis tools through Trading Central
- Multiple payment options with no deposit or withdrawal fees
Cons
- High minimum deposit requirement of $1,000
- No tier-1 regulatory oversight for investor protection
- Limited educational resources for beginners
- Withdrawal processing times may be unclear
- Lack of advanced trading features on the WebTrader platform
Basic Information
User Reviews
ClickTrades Overview
ClickTrades is a forex broker founded in 2018 and headquartered in Cyprus. The broker operates under the regulation of the Financial Services Authority (FSA) of Seychelles, providing a level of oversight that aims to ensure compliance with financial standards and protect client interests. With over five years of experience in the trading industry, ClickTrades has established itself as a provider of trading services across various asset classes, including forex, commodities, and cryptocurrencies, making it a relevant choice for traders seeking diverse investment opportunities.
ClickTrades offers a user-friendly trading experience through its proprietary webtrader and the popular MetaTrader 5 (MT5) platform. Traders can access a wide range of instruments, benefiting from advanced tools for technical analysis and market research, including features from Trading Central. Customer support is available five days a week, providing assistance through multiple channels. Unique advantages of ClickTrades include a broad selection of over 2,100 tradable assets and innovative technology designed to enhance trading efficiency. However, traders should note the high minimum deposit requirement, which may not appeal to those seeking lower entry barriers.
Is ClickTrades Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Financial Services Authority (FSA) | Seychelles | No specific fund protection measures |
Is ClickTrades Regulated and How Are Client Funds Protected?
ClickTrades is regulated by the Financial Services Authority (FSA) of Seychelles. This regulatory oversight is designed to provide a level of compliance with financial standards and aims to safeguard client interests. However, it is important to note that this regulation does not include specific fund protection measures, which can be a concern for potential investors. As the broker operates under a tier-3 regulatory framework, it may not offer the same level of investor protection as brokers regulated by more stringent authorities. Consequently, traders should be aware of the potential risks associated with trading with ClickTrades, particularly regarding the safeguarding of their funds.
Trading Products and Services
What trading instruments does ClickTrades offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs (e.g., EUR/USD, GBP/JPY) | 54 |
| Commodities | Gold, Oil | 6 |
| Indices | S&P 500, NASDAQ | 10 |
| Stocks | US, UK | Many |
| Cryptocurrencies | BTC, ETH | 22 |
ClickTrades provides a diverse range of trading instruments, catering to various trader needs and preferences. With over 2,100 tradable assets, including Forex, commodities, indices, stocks, and cryptocurrencies, traders can explore multiple markets to find the right opportunities. This variety supports different trading strategies, whether for short-term trading or long-term investment. The extensive asset coverage allows for effective portfolio diversification, enabling traders to balance their risk and adapt their strategies according to market conditions. As a result, ClickTrades positions itself as a suitable platform for both beginner and experienced traders seeking to engage in the financial markets.
Account Types and Trading Conditions
What Account Types and Fees Does ClickTrades Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Essential Account | Beginners | Standard access to all trading instruments and features | Requires a minimum deposit of $1,000 |
| Original Account | Intermediate Traders | Access to economic research and a personal manager | Requires a minimum deposit of $5,000 |
| Signature Account | Experienced Traders | Full access to special trading conditions and dedicated support | Requires a minimum deposit of $25,000 |
Account Opening Process
To open an account with ClickTrades, follow these steps: 1. Visit the official ClickTrades website and click on the “register now” button. 2. Fill in the registration form with your email, a password, and a phone number, then agree to the terms of service. 3. Confirm your registration via the email you receive. 4. Complete identity verification by providing scans of identification documents (ID and proof of address). After verification, you can deposit funds to start trading. Note that you can upgrade to a professional account later if desired.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.4 – 0.6 | $0 | Competitive spreads for major pairs |
| CFDs (Stocks) | Varies | $0 | Depends on the stock |
| CFDs (Indices) | Varies | $0 | Depends on the index |
| Commodities (Gold) | Varies | $0 | Standard trading conditions apply |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on market conditions |
Other Fees
Additional costs that traders should be aware of include: • No deposit fees. • No withdrawal fees. • No inactivity fees. • Overnight interest (swap rates) may apply depending on account type. • Currency conversion fees may apply when trading in different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does ClickTrades Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MetaTrader 5 (MT5) | Windows, macOS, iOS, Android | Enhanced security (encryption), advanced charting tools, multiple order types, real-time alerts, technical indicators | Demo accounts, Trading Central |
| WebTrader | Web Browser (Desktop and Mobile) | User-friendly interface, secure login options, market search, limit and stop orders, customizable layouts | Demo accounts, Trading Central |
| Mobile App | iOS, Android | Convenient login, price alerts, one-click trading, market search, push notifications | No additional services specified |
MetaTrader 5 (MT5) is ideal for advanced traders, offering comprehensive tools for analysis and a customizable interface. The WebTrader provides a straightforward trading experience accessible from any web browser, making it suitable for traders who prefer a desktop or mobile environment without downloads. The mobile app enhances accessibility, allowing traders to manage their portfolios and receive alerts on the go. ClickTrades emphasizes secure logins and fast order execution across all platforms, ensuring that traders can operate efficiently and safely in the markets.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 business days | No platform fee | Min $1,000, Max $20,000/day | USD, EUR |
| Credit/Debit Card | Instant | No platform fee | Min $1,000, Max $10,000/transaction | USD, EUR |
| Cryptocurrency | Instant | No platform fee | Min $1,000, Max $10,000/transaction | BTC, ETH |
| E-wallet (e.g., Skrill, Neteller) | Instant | 1.5% fee | Min $1,000, Max $5,000/transaction | USD, EUR |
Minimum Deposit
ClickTrades requires a minimum deposit of $1,000 to open an account. This amount is consistent across all payment methods and account types, ensuring that all traders meet the initial funding requirement to start trading.
How to Withdraw
- Log in to your ClickTrades account.
- Navigate to the ‘Withdrawal’ section in your account dashboard.
- Select your preferred withdrawal method from the available options.
- Enter the amount you wish to withdraw and any required details.
- Confirm your request and submit it for processing.
- Monitor your email for confirmation and updates on your withdrawal status.
Customer Support
ClickTrades Customer Support Overview
Support Channels
ClickTrades offers multiple channels for customer support, ensuring that traders can easily reach out for assistance. The main contact methods include:
- Email: Traders can contact support via support@clicktrades.com.
- Live Chat: Available on the ClickTrades website for instant assistance.
- Telephone: Customers can reach support at +44 208 08 95 877.
- Social Media: ClickTrades maintains a presence on various social media platforms for additional support and updates.
Service Availability
Customer support is available five days a week, Monday through Friday, providing assistance during regular business hours. Multilingual support is offered, catering to a diverse client base, with support available in English, Russian, and Portuguese.
Additional Resources
ClickTrades provides valuable educational resources such as market analysis and updates, which help traders stay informed about market trends and trading opportunities. However, the availability of more comprehensive educational materials like webinars or video tutorials is limited.
Frequently Asked Questions
Yes, ClickTrades is regulated by the Financial Services Authority (FSA) of Seychelles. However, it is important to note that the regulation does not include specific fund protection measures, which may raise concerns for potential investors.
The minimum deposit required to open an account with ClickTrades is $1,000. This applies across all account types offered by the broker.
ClickTrades offers two main trading platforms: the proprietary WebTrader and the popular MetaTrader 5 (MT5). Both platforms provide various tools for analysis and trading, catering to different trader preferences.
ClickTrades provides multiple customer support channels, including email support, live chat on their website, and telephone assistance. Customer support is available five days a week, ensuring traders can get help when needed.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.