Is ClickTrades a reliable Forex broker? ClickTrades Review


January 4, 2020 | AtoZ Markets – In our quest for reliable brokers, we encounter a lot of different brands providing proprietary trading ecosystems as they try to personalize the traders’ experience. At a time when there is fierce competition between brokerage houses, standing out from the rest in terms of the trading benefits is a top priority for all.

ClickTrades is a brokerage house that has recently entered our radar, and since its trading offer looks promising at first glance, we would like to explore and analyze what some of the main benefits when trading CFDs using this provider are.

Should you trade with ClickTrades, and is this the right broker for you? Before proceeding to open an account, continue reading the AtoZ Markets ClickTrades broker review and find out all the details you need to know.

Company

ClickTrades.com is a website operated by KW Investments Limited, headquartered in Cyprus, authorized and regulated by the Seychelles Financial Services Authority. With several years of experience, the brand has grown into a large international provider, currently offering access to 2,100+ CFD instruments.

Even though it has a global outreach, ClickTrades does not open accounts to residents in certain jurisdictions, such as Japan, Canada, and the USA. Since its inception, the brand’s purpose has been clear: to change the way online trading is seen by investors, regardless whether they are beginners or have experience.

With a focus on the customers, the broker provides each trader with a selected pack of resources for the ultimate trading experience, and it takes pride in developing strategies to educate all clients who are interested in gaining knowledge on how financial markets work.

The main goals of ClickTrades are to keep information safe, support transparency, fulfill customer needs, and make markets accessible to the “average Joe”.

Trust

Its ability to build long-term trust is the main reason ClickTrades benefits from good feedback. Fully committed to always keeping funds and information safe, the broker sustains the highest standards when it comes to security protocols and client data.

Believing that transparency is the foundation of trust and customer care, there is a unique selection of services and tailored solutions, aiming at bringing greater visibility to financial markets and at making traders aware of opportunities arising daily.

Innovating how retail traders interact with markets was a clear goal from the company’s beginning and that led to the development of proprietary trading software. On top of that, there is personalized customer support via multiple channels for traders living in different countries.

ClickTrades secure broker

Trading Platforms

ClickTrades is creating an optimal trading environment via its proprietary ClickTrades WebTrader. This is a versatile and adaptable trading platform, integrating common and premium trading tools. With it, you can stay connected to the markets on the go on from your trading desk, while accessing 2,100+ CFDs based on forex, shares, indices, commodities, ETFs, bonds, blends, and cryptocurrencies.

The main features of ClickTrades are summarized below:

• User experience – the ClickTrades WebTrader is built to allow both beginners and experienced traders to use it without hurdles.
• Trading tools – traders can choose from multiple order types and execution modes, and an extensive array of technical indicators and analysis tools is at their hands.
• Customization – regardless whether it’s used on a PC or laptop, the ClickTrades WebTrader can be customized according to your own taste, to make the trading process fast and smooth.
• Multi-chart trading – you can use up to 10 charts at the same time, monitoring multiple assets.
• Third-party tools – the platform has integrated Trading Central and other 3rd party resources, providing excellent support for interpreting relevant market data.
• Financial news feed – stay updated with the latest price-moving market news directly from the ClickTrades WebTrader, thanks to the financial news feed.

ClickTrades WebTrader

Alongside the ClickTrades WebTrader, the broker also provides access to the popular MetaTrader 5, a trading software developed by MetaQuotes. With diverse execution modes, a wide range of analytical tools, various price charts and time frames, automated trading using EAs, lightning-fast execution, and compatibility to both desktop and mobile devices, MT5 continues to be one of the most trusted trading platforms on the market.

However, traders who choose to trade via MT5 won’t be able to use the integrated tools accessed with the ClickTrades WebTrader and also, they can trade 400+ instruments grouped up in six asset classes – less than the 2,100+ assets total coverage.

Account Types

There are multiple trading benefits available when opening an account with ClickTrades and the broker’s offer currently includes 3 options, each with different features, listed below:

Essential account

• Access to ClickTrades WebTrader
• 24/5 customer support
• Demo account
• Daily market reviews and financial research
• Daily analyst recommendations (3rd party)
• Full access to video library
• Dedicated account representative 2 days/week

Original account

• Access to ClickTrades WebTrader
• 24/5 customer support
• Demo account
• Daily market reviews and financial research
• Daily analyst recommendations (3rd party)
• Full access to video library
• Dedicated account representative 3 days/week
• Open access to research

Signature account

• Access to ClickTrades WebTrader
• 24/5 customer support
• Demo account
• Daily market reviews and financial research
• Daily analyst recommendations (3rd party)
• Full access to video library
• Dedicated account representative 5 days/week
• Open access to research
• Special trading conditions
• Trading Central
• One-on-one meetings with account representatives

Opening an account is a straightforward process and traders can make a deposit right away via one of the supported payment methods (credit/debit card, wire transfer, e-wallets). All account holders need to be verified and because of that, ClickTrades requires that clients present certain identification documents.

The ClickTrades assets are all available, which means traders have access to 2,100+ CFDs based on some of the leading global financial instruments.

ClickTrades Education

Our reviewers have noticed that ClickTrades is also focused on providing educational resources for its customers, proportional to the account type chosen. Fortunately, all customers get access to a comprehensive video library where they can learn more about trading basics, how to use the platform, technical analysis, and other relevant topics.

These are resources offered by many other brokers, but that’s not all when it comes to ClickTrades. The “game changer” is all of the 3rd party tools provided, such as Trading Central, that have proven themselves efficient and are currently used by many professional traders.

ClickTrades Promotions

Christmas is coming early this year for ClickTrade traders, given the ongoing bonus promotions available. Customers can get a bonus of up to $3,000 on deposit. Terms & conditions apply and are available on the broker’s website. At the same time, the broker offers zero-commission trading on all its CFD instruments, meaning trading costs are smaller.

Cryptocurrency

At present, the ClickTrades CFD offer does not only include popular asset classes like FX, stocks, indices, ETFs, bonds, or commodities, but also instruments based on some of the leading cryptocurrencies. Traders can trade Bitcoin futures, Bitcoin cash, DASH, Ethereum, Litecoin, and Ripple, all against the US dollar. The maximum leverage is 1:2 and spreads are variable for all instruments.

Costs

The only trading costs at ClickTrades are spreads and overnight swaps, considering the zero-commission policy in place. Deposits via some of the most popular methods can be made free of charge. There are withdrawal fees in place, depending on the payment system chosen by each trader.

Other relevant fees are as follows:
• Conversion fee: set by the company at 0.5%.
• Inactivity fee: Once the client account is inactive for three months, the account will be subject to a monthly charge of $30.

Customer Support

Constantly staying connected with customers is part of the ClickTrades philosophy and because of that, the customer support service is currently available via email, phone, and live chat. On top of that, a dedicated account representative is at traders’ disposal, according to the account type chosen by each customer. It is worth mentioning that the broker also provides customer support via educational resources, and that multiple 3rd party resources are also available for registered clients.

Regulation

KW Investments Limited is the operator and at present, it is authorized and regulated by the Seychelles Financial Services Authority, license number SD020. The company provides negative balance protection and multiple risk management tools required for professional trading. On its website, people can read several policies regarding privacy, conflicts of interest, risk disclosure, and bonuses, as ClickTrades wishes to transparently share all relevant information.

Conclusion

To sum up, ClickTrades is a broker worth considering by retail CFD traders looking for a brand with a customer-oriented approach. The main reasons for that have to do with the proprietary trading platform, the attractive trading costs, and the 2,100 CFDs currently part of its asset list. Trading with this brand means access to the financial markets in optimal conditions, with a broker at your back which is constantly focused on improving services. Our review concludes that this is a broker worth recommending to a wide variety of CFD traders.

Risk Warning: The materials contained on this document are not made by ClickTrades but by an independent third party and should not in any way be construed, either explicitly or implicitly, directly or indirectly, as investment advice, recommendation or suggestion of an investment strategy with respect to a financial instrument, in any manner whatsoever. Trading CDF’s involves significant risk of loss.

    Share Your Opinion, Write a Comment