ClickTrades is an online trading broker with a vast range of 2,100+ Forex & CFD assets for trading online through their proprietary WebTrader platform and the powerful MetaTrader 5 platform for desktop, web and mobile devices. The broker has very competitive trading conditions along with a good selection of trading tools. They also provide clients with access to Trading Central which provides in-depth market analysis with actionable trading signals.
ClickTrades Review, Pros & Cons
- Powerful & user-friendly MetaTrader 5 platform
- WebTrader platform with variety of built in trading tools
- 2,100+ trading instruments
- Commission free accounts & tight fixed spreads
- Rapid trade execution speeds
- Quick & secure payment methods
- Trading Central for technical analysis & signals
- Minimum $1,000 deposit
- No clients from Japan, Canada & USA
- Inactivity fee after 3 months
In this detailed ClickTrades review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Founded in 2018, ClickTrades is a broker that offers Forex and CFD trading online to clients around the globe. The broker offers market news, tools and analysis to help support traders with their trading strategies and decisions. They also provide tight spreads, rapid trade execution speeds, high leverage and zero commissions on deposits and withdrawals.
ClickTrades is operated by KW Investments Limited, which is authorised and regulated by the Seychelles Financial Services Authority (FSA) with licence number SD020. Partner company Key Way Solutions Ltd provides content and operates the business from Nicosia in Cyprus.
ClickTrades do not accept accounts for residents of certain jurisdictions including Japan, Canada and the USA. Some ClickTrades broker features and products mentioned within this ClickTrades review may not be available to traders from specific countries due to legal restrictions.
ClickTrades provide full access to a high-tech and user-friendly platform, WebTrader, designed to allow trading sessions from a wide range of over 2,100+ assets, on both desktop and mobile devices. They also offer the sophisticated MetaTrader 5 platform which is used by millions of traders around the globe.
ClickTrades have an intuitive and easy-to-use platform that has everything you would expect from a platform built on the latest technologies and developed for reliable execution: a broad range of instruments, free analysis tools, Economic Calendar, Trading Central and features such as limit and stop orders which can help to improve your overall trading experience.
With WebTrader you can stay connected to the markets on the go or from the comfort of your workspace, while accessing several world-class assets – Forex, Commodities, Indices, ETFs and Bonds. Here are some key features of the platform:
- Advanced chartist methodologies: Develop your trading strategies using charting methodologies and analytical tools that integrate 3 chart styles and several indicators.
- Complex risk management tools: Tailor the risk of trading by improving your techniques while using features such as Stop Loss or Take Profit.
- User-friendly trading system: Enjoy trading on a platform developed to cater to investors of all different experience levels.
- Enhanced trading sessions: Trade over 2,100+ instruments on WebTrader and use the customisable layouts to help streamline your trading experience.
- Trading Central: Use a technical analysis tools that provides complex indicators for a wide range of assets and which suits every trading style.
- Negative Balance Protection: Eligible clients can benefit from a feature that ensures you will never lose more than the funds you have in your account.
MetaTrader 5 (MT5) is one of the most well-known trading platforms that is used by Forex, Stock & CFD traders of all experience levels from all over the world. It was developed by Russian software company MetaQuotes and is well know for having a user-friendly interface that is fully customizable to suit the individual needs of traders.
You can easily keep an eye on your entire portfolio in real-time, with multi-window views, navigator, and asset control panels.
You decide how your interface should look: chose your favourite chart types, colours, and technical elements for fast and easy access to what interests you most.
MT5 gives you access to over 30 in-built indicators, 2,000+ free custom indicators, and nine timeframes. Enjoy instant execution of your positions, pick between multiple payment methods, and trade 400+ instruments grouped up in six asset classes.
- Intuitive and easy to use trading platform
- Various execution modes and order types available
- Wide range of analytical tools and technical indicators for conducting market analysis
- Various price charts and multiple timeframes
- Equipped with powerful and flexible tools for a highly customizable trading experience
- Easy access to your favourite markets, 24/5
- Open and follow multiple charts at the same time
- Live market updates and price alerts
- Lightning-fast trade execution speed
- Freely available on both desktop & mobile devices
ClickTrades Trading Tools
Most traders will find the vast amount of trading tools built into the provided trading platforms more than enough for their day trading needs. There are a few additional tools that some may also find useful.
Trading Central is an award-winning dynamic chart analysis tool specialised in market analytics and research. It can help traders of all levels boost their trading strategies with interactive charts and built-in extensive analysis. Trading Central, is available for traders only under certain conditions and comes integrated into the WebTrader platform.
- Find potential trade opportunities using automated chart analysis.
- Track market movements based on multiple daily updates of Support & Resistance Levels.
- Alternative scenarios based on market movements allow you to have a clear perspective on the possible direction of the instrument.
- Take your strategies to the next level with rich analytics and multiple timeframes.
The broker has an economic calendar which gives extended market coverage and lets you filter the markets you’re interested in and keep track of events that influence them. This is useful as part of fundamental market analysis and can be used to help with trading decisions.
There is a news section on the ClickTrades website and a financial dictionary that covers some commonly used trading terms along with their explanations. It would be great if they could add some more educational resources such as trading guides and tutorial videos to help traders improve their knowledge and skills.
ClickTrades has an impressive 2,100+ CFDs (Contracts for Difference) available for trading. When trading CFDs, you do not actually purchase or own the underlying asset, you are speculating on the price movement, up or down. A CFD is a contract to between two parties to pay the difference between the value of the current price and future price.
With ClickTrades you can trade currencies on a global decentralised market with competitive spreads and high liquidity, choosing from three popular FX crosses: majors, minors and exotics.
Most of the industrialised countries as well as the developing ones, have at least one financial index. CFDs on Indices cover more than 26 global indices and if you choose to trade these instruments you also get competitive spreads and high leverage.
When trading CFDs on commodities you can choose from two main categories: soft commodities which include grown goods such as wheat or rice and hard commodities that comprise mined products such as gold, gas and oil.
ClickTrades gives you access to the most popular shares on the global financial markets (including the Australian, European, Asian and the U.S Market).
Bonds are issued by banks or governments with the purpose of raising capital, therefore you should take into consideration that the bond market has several opportunities for every trader who decides to trade CFDs on bonds.
Exchange Traded Funds
Choosing to trade CFDs on ETFs (Exchange Traded Funds) can be attractive to a certain type of trader as they are characterised by a high daily liquidity and have competitive fees.
ClickTrades Accounts & Fees
ClickTrades have a choice of 3 different account types. Every account type gets access to the WebTrader platform, daily market reviews and financial research, daily analyst recommendations (third party), full access to a video library and dedicated account representative (daily during weekdays).
Minimum $1,000 deposit, geared towards new traders
Minimum $5,000 deposit, trader’s choice. The original account includes open access to research.
Minimum $25,000 deposit, for expert traders. The signature account includes all of the key features and also special trading conditions, Trading Central and one-to-one meetings with account representative.
At ClickTrades you can open an Islamic Account (Swap-Free) which is only available for customers who cannot use Swap Accounts due to their religious beliefs. In order for you to become eligible for such an account the broker reserves the right to investigate your current situation.
Demo accounts are available if you would like to trial the brokers different trading platforms and practice your trading strategies with virtual funds before going live.
Flexible leverage of up to 1:300 is available. In order to be placed in a certain Leverage category, you must complete the appropriateness test which will show ClickTrades your knowledge related to CFD trading online. The broker must obtain, under the applicable regulation, information about its customers and their experience to assess whether the services they provide are appropriate for its clients.
Spreads are fixed or variable depending on the instrument being traded. EURUSD spread is fixed starting from 2 pips. The broker marks up spreads to cover costs as they do not charge commission. The broker makes a profit from the difference between the BID and ASK prices, a difference that is called the bid-asked Spread.
You will also need to be aware of additional fees such as the overnight rollover (swap). If you leave a position open overnight, then ClickTrades adds or subtracts a “swap” fee to/from your account. This amount will vary as it is linked to interbank interest rates. You will see the charge at the end of the trading day.
An inactivity fee of $30 or its equivalent in the currency of the trading account will apply if there hasn’t been any trading activity during a period of three months or more.
As broker fees can vary and change, there may be additional fees that are not listed in this ClickTrades review. It is imperative to ensure that you check and understand all of the latest information before you open a ClickTrades broker account for online trading.
Customer support is available Monday to Friday from 6am GMT to 1am GMT. They can be reached via telephone or email.
ClickTrades Deposit & Withdrawal
ClickTrades account funding options are limited to bank wire transfer and credit/debit cards and some online payment processors such as Trustly and Paysafecard.
ClickTrades don’t charge any deposit fees. If you have deposited in a different currency then the one that your investing account is denominated in, it might be the case that you are required to cover other commission or charges which have been applied for the currency conversion. Even more, you should know that all fees and taxes related to any transactions are strictly your liability.
If you wish to deposit funds in your ClickTrades account, the payment must originate from a payment account that is in your name. This is due to the brokers regulatory demands as they must abide by anti-money laundering laws, and are therefore obliged to verify that you are the legitimate owner of the funds that have been deposited into your account. If you have made a deposit by: Bank Transfer – you may be asked to provide a photo/scan of payment proof or a recent bank statement; Debit / Credit Card – you may be asked to provide a photo/scan of your card, recent credit card statement or a document issued by the bank.
You can withdraw your deposit provided you meet the brokers standard regulatory requirements. If you wish to open a withdrawal request, you must log into your account with your credentials. Then click on the “Withdraw funds” button and follow the indicated steps. Your funds will be released via the original method in which have deposited your money. In some cases, you might be required by ClickTrades to provide additional documents so that your withdrawal goes through.
ClickTrades Account Opening
Its quick and easy to open a trading account with ClickTrades. The broker provides a short online application form for you to complete. You will need to provide some personal information and also documents as part of the KYC procedures. Once your account has been verified which can be done the same day, you will be able to fund it and commence trading online using the provided platforms.
What is ClickTrades minimum deposit?
ClickTrades have a minimum deposit requirement of $1,000. Whilst this is more than many brokers, some of whom have a minimum deposit from just $1, it shows that the broker is targeted more towards those who are serious about trading and investing their funds.
How do I deposit money into ClickTrades?
You can quickly and securely fund your ClickTrades account from your account dashboard. They accept a range of convenient funding options such as bank wire transfer, credit/debit cards and online payment processors including YuuPay, Neosurf, Trustly, Paysafecard. Please not that payment options can differ depending on your country.
The broker does not accept third-party deposits. All deposits made must originate from your own sources and must be registered in the same name as your trading account. This is due to regulatory demands as the broker must abide by anti-money laundering laws, and therefore are obliged to verify that you are the legitimate owner of the funds that have been deposited into your account.
If you want to make a deposit by bank transfer, you may be asked to provide a photo/scan of payment proof or a recent bank statement. For debit/credit card, you may be asked to provide a photo/scan of your card, recent credit card statement or a document issued by the bank. If using alternative payment methods, you may be asked to provide a print-screen to confirm the ownership of the specified account.
What are ClickTrades deposit fees?
ClickTrades don’t charge any deposit fees. If you have deposited in a currency different to that which your investing account is denominated in, it might be the case that you are required to cover other commission or charges which have been applied for the currency conversion. Furthermore, you should be aware that all fees and taxes related to any transactions are strictly your liability.
How do I withdraw money from ClickTrades?
You can withdraw your deposit provided you meet the brokers standard regulatory requirements. If you wish to open a withdrawal request, you must log into your account with your credentials. Then click on the “Withdraw funds” button and follow the indicated steps.
As the broker aims to offer customers the safest trading experience, your funds will be released via the method you have deposited your money. In some cases, you might be required by ClickTrades to provide additional documents so that your withdrawal goes through.
ClickTrades withdrawal methods are the same as those offered for making deposits. This includes wire transfer, credit/debit cards and online payment processors.
What are ClickTrades withdrawal fees?
ClickTrades do not charge any withdrawal fee but you may be charged an external fee by your bank/card provider or payment processor.
What is ClickTrades commission fee?
ClickTrades does not charge any transaction fees or commissions. The broker makes a profit from the difference between the BID and ASK prices, a difference that is called the spread.
ClickTrades will apply a conversion fee whenever your account’s currency differs from the one of the traded instruments. The conversion fee applies for Webtrader users and is a fixed fee set at 0.5%.
If you leave a position open overnight, there will be a swap fee that ClickTrades will add or subtract to or from your account.
Are there any ClickTrades inactivity fees?
Yes, if a client account has an inactive status coming from the lack of order execution for a timeframe of three months (90 days) or more, ClickTrades will charge each inactive account for a fee relating to maintenance, administration and compliance management of these accounts. All inactive accounts will be subject to a monthly charge of 30 USD or its equivalent in the currency of the trading account.
If they assume that the trader’s account is inactive for one year or more, ClickTrades reserves the right (after calling or emailing the client using the last known contact details) to close the client’s account. Any money to the credit of the client account will be remitted by ClickTrades to the client’s bank account, from where they originated unless instructed otherwise in writing by the Client.
Most of the instruments offered by ClickTrades have a rollover date as they are based on a futures contract. During the last weekend (before the official expiration day) CFDs are rolled over to the next underlying Future Price. This process is known as expiration rollover. When there is a significative price difference between the two Futures, there will be an adjustment made to the balance of your account, which you can see under Rollover Charge and it won’t affect the real value of your Equity. If you do not wish to be affected by CFD rollover, then you must close your position(s) and/or cancel Orders before the rollover date and open a new position after that date.
If you place a trade on the Forex market, you must keep in mind that the actual value date is two days forward. What does that mean? For example, if you do a deal on Thursday it will be for value Monday, if you do a deal on Friday it will be for value Tuesday, etc. Therefore, on Wednesday, to compensate for the following weekend (as rollover isn’t charged then because trading is stopped on weekends) the rollover amount is tripled.
What are ClickTrades account types?
ClickTrades have an account to suit every type of trader. You can choose between 3 account types, the essential, original and signature accounts. The primary differences between each of the account types are the minimum deposit required, spreads, features and leverage. The ClickTrades account that you opt for is likely to depend on your level of trading experience along with the trading strategy that you plan to use.
Is there a ClickTrades demo account?
Yes, the ClickTrades demo account is absolutely free and doesn’t involve any capital loss, but you can use it to improve your trading skills and familiarise yourself with the brokers products and services. Once you feel ready to trade with real money, you can easily switch over to a live account.
It is important to keep in mind that demo trading does not take into consideration human emotions such as fear, anger and greed, all of which can have an impact on trading performance.
What are ClickTrades spreads?
The spread is the difference between the Bid price (selling price) and the Ask price (buying price) of the instrument being traded. ClickTrades have tight spreads although several factors might influence the size of the spread, such as:
- Instrument’s liquidity: Popular instruments are usually traded with a lower spread, whereas rare ones tend to have higher spreads.
- Market volatility: During volatile market conditions, the spread tends to be wider than in quieter market conditions.
- Stock prices: When a share’s price is low the spread might increase, as it’s related to the idea of low-priced securities being new or less liquid.
This spread fee is automatically charged when a transaction of any kind is opened. The spread will vary both in value and type depending on the instrument you’re trading, and can be fixed or variable.
What is ClickTrades leverage?
ClickTrades offer leverage up to 1:300. When you trade on leveraged capital you may open a position with a value that is significantly higher that the funds that you have invested, which only serve as the Margin.
When trading with leverage, you can increase your chances of potential return, but also the potential losses. Basically, when you trade with leverage you can pay less than the full price for a trade. Thus, you can enter larger positions than you could, using only your account funds.
Leverage is expressed as a ratio, for example if your leverage is 1:30, this means that you can hold a position that is the 30 times the value of your trading account. E.g. If your account had a balance of $1,000, you could take a position size of $30,000.
In order to be placed in a certain Leverage category, you must complete the Appropriateness Test which will show ClickTrades your knowledge related to CFD trading. The company must obtain, under the Applicable Regulation, information about its customers and their experience to assess whether the services the company provides are appropriate for its clients.
It is important to ensure that before trading with leverage, you have a clear understanding of what leverage is, how it works and the risks involved.
What are ClickTrades margin & stop-out levels?
The margin level determines the deposit that is required to keep open positions. To open and hold positions, a trader must have sufficient funds to secure it. Free margin determines the capital that remains on the account to open subsequent positions, and to cover the changes in the balance resulting from price movements from already opened positions.
If your equity falls under the maintenance margin amount, then ClickTrades can appeal to a Margin Call or can give you a certain grace period so that you have the time to add funds to your account or to close your position. If you didn’t meet the maintenance margin requirement by the end of the time frame or if your account went into negative equity, the position(s) will be closed at the price available on our platform at the specific time.
To avoid a Margin Call you should check your account’s balance at all times and make sure you have sufficient funds in your account so that you can maintain your open positions.
Do ClickTrades allow hedging, scalping & expert advisors?
Yes, ClickTrades allow all automated systems and trading strategies, provided they do not go against the brokers terms and conditions.
Is there a ClickTrades Islamic account?
Yes, with ClickTrades you can open an Islamic Account (Swap-Free) which is only available for customers who cannot use Swap Accounts due to their religious beliefs. In order for you to become eligible for such an account, the broker reserves the right to investigate your current situation. They also reserve the right to refuse your request without providing any reason or explanation. You should also know that if they accept your request all your other accounts that you hold with them will be converted into Swap-Free accounts. The conversion process of the account is performed by the Back-Office Department only after you give them your consent to complete such a request. Only then will they evaluate your request along with the documentation you submitted to them and shall inform you if your request has been accepted or not.
What are ClickTrades trading instruments?
ClickTrades have a very generous selection of over 2,100+ trading instruments, with something for everyone, regardless of your interests. This includes Forex, Commodities, Stocks, Shares, Indices, Metals, Energies, ETFs & Bonds.
How do I open a ClickTrades live account?
The process to open a ClickTrades account is very simple! Just visit the ClickTrades website, fill out the registration form in three easy steps and you can start your trading online.
How do I verify my ClickTrades account?
You can verify your ClickTrades account with a proof of identification and address. This can be a passport, drivers licenses, national identity card, utility bill or bank statement no more than 3 months old. They will usually verify your documents within a few business hours.
What is ClickTrades trading platform?
ClickTrades offer the free, popular and user-friendly MetaTrader 5 platforms for web, desktop and mobile devices. MetaTrader 5 is one of the most widely used platforms that is loaded with all of the tools, features and functionalities that a trader could need. They also have their very own proprietary trading platform which is easy to use and suitable for traders of all experience levels.
Where can I download ClickTrades platform?
You can download the ClickTrades platforms completely free of charge from the brokers website. They also have a web platform that runs directly in your web browser without the need to download or install any additional software. Furthermore, you can download the MetaTrader app from the relevant app store on your mobile device.
Where is ClickTrades located?
Founded in 2018, ClickTrades operates out of the Seychelles, with partner company Key Way Solutions Ltd having its headquarters in Nicosia, Cyprus.
Is ClickTrades regulated?
Yes, ClickTrades is authorised and regulated by Seychelles Financial Services Authority (FSA).
When trading with a regulated company, it can help to give the peace of mind that they are a reliable and reputable broker that must operate according to regulations and stringent rules made to protect the interests of customers.
What countries do ClickTrades accept?
ClickTrades welcome clients from around the globe, excluding Japan, Canada and the USA.
Is ClickTrades a scam?
No, ClickTrades is not a scam. They are a regulated brokerage firm that provided very competitive trading conditions to a global clientele.
How can I contact ClickTrades support?
For any question or queries you might have, you can contact ClickTrades Support Centre via e-mail, Live Chat or phone. You will be assisted by one of the brokers colleagues, who are specialized on your specific inquiry.
Overall, ClickTrades is an online trading broker with a wide range of assets available for trading to clients all over the globe. They have a choice of powerful and intuitive trading platforms along with a good selection of built in trading tools and Trading Central.
The broker does not charge a commission as they mark-up spreads which are still very reasonable, especially considering there is no commission fee. Furthermore, the broker provides a good variety of funding options and account types to accommodate different trader needs.
Trading Forex and CFDs is highly speculative, involves a significant risk of loss and is not suitable for all investors. Before trading, you are strongly advised to read and ensure that you understand the relevant risk disclosures and warnings. There is a substantial risk that you may lose all of your initial investment. We advise you to consider whether trading leveraged products is appropriate for you in light of your own personal circumstances. We recommend that you ensure you fully understand all risks involved before trading. Trading through an online platform carries additional risks.