Welcome to Our Best Forex Broker Review Website. For today we are doing ClickTrades Review. In this review, we will cover all the essential aspects of this broker such as accounts types, trading platforms, payment methods, customer support, accepted countries, educational resources, pros/cons, and lastly our conclusion on this. So if you want to trade using this broker then keep reading this article to an end!
Let’s get started!
What is ClickTrades?
KW Investments Limited operates ClickTrades, an online trading brand established in 2018. It’s a young startup that aims to make a name for itself in the market by providing a tailored service. The services given differ from those provided by other well-known brokerage firms, indicating that ClickTrades wishes to approach CFD trading in a novel way. As we’ll see, this has both positives and drawbacks, but we’ve concluded that it’s a firm that any trader can use.
There is a wide range of assets covered, but only a proprietary trading account is available. Only the largest of the three groups of trading accounts has access to the Trading Central. Clients may also gain access to a content library of trading-related tools.
Let’s get into details of ClickTrades Review!
ClickTrades: Law and Regulation
This section of ClickTrades Review will provide you information about the company. ClickTrades is operated by Key Ways Solutions Limited, which is based in Cyprus and is unregulated, but it is managed by KW Investments Limited, which is based in and listed in Seychelles. ClickTrades, on the other hand, is not governed by any financial regulatory body, making them more vulnerable to criminal activities like bribery, scams, money laundering, and corruption. Almost all offshore brokers have a reputation for being unable to guarantee the integrity of their clients’ funds. As a result, investing in a broker that can’t even be trusted is a risky and ludicrous choice.
Unregulated brokers must also ensure a certain level of financial stability, which is why they need large minimum deposits, making it impossible for customers to invest in them.
ClickTrades: Trading Platform
In this part of ClickTrades Review, we will give you the details about trading platforms provide by this broker to trade. Via its patented ClickTrades WebTrader, ClickTrades is building an ideal trading environment. This is a flexible and adaptable trading platform that includes both basic and advanced trading tools. It allows you to remain linked to the markets when away from your trading desk, with 2,100+ CFDs on forex, stocks, indexes, resources, ETFs, funds, blends, and cryptocurrencies to choose from.
The below are the main features of ClickTrades:
- User interface – The ClickTrades WebTrader is designed to be simple to use for both novice and seasoned traders.
- Trading instruments – traders have access to a wide range of order forms and execution modes, as well as a wide range of technical metrics and research tools.
- Customization – the ClickTrades WebTrader can be tailored to your preferences, whether you’re using it on a PC or a notebook, to help the trading process go as smoothly as possible.
- Multi-chart trading – you can track different properties using up to ten charts at once.
- Third-party tools – Trading Central and other third-party services are built into the network, offering excellent assistance for analyzing applicable market data.
- Financial news feed – the financial news feed keeps you up to speed with the most price-moving business news straight from the ClickTrades WebTrader.
In addition to the ClickTrades WebTrader, the broker also offers MetaTrader 5, a common trading platform created by MetaQuotes. MT5 remains one of the most trusted trading sites in the industry, with a wide variety of analytical instruments, numerous price charts and time frames, automatic trading using EAs, lightning-fast execution, and connectivity with both desktop and mobile devices.
iPhone and Android devices are completely compliant with WebTrader. As a result, traders will use the app on the move, regardless of the unit they are using (mobile phones or tablets). Furthermore, they will get the app for free from either the Apple App Store or the Google Play Store.
Users should be able to reach their trading accounts from any computer. The ClickTrades WebTrader offers a wide range of instruments, research software, and other functionality that enhance the trading experience. The trading platform has a rather basic but appealing interface.
ClickTrades: Trading Accounts
This section of ClickTrades Review will cover the trading accounts available to traders. When you open an account with ClickTrades, you can take advantage of a variety of trading incentives, and the broker’s latest deal includes three options, each with its own set of features, as mentioned below:
- Demo account
- Daily industry feedback and investment research
- Daily expert opinions (3rd party)
- ClickTrades WebTrade access
- 24/5 customer service
- 2 days/week dedicated account manager
- Full access to the video archive
- Customer service available 24 hours a day, 7 days a week through ClickTrades WebTrader
- An account with a trial version
- Financial research and daily market reviews
- Recommendations from third-party analysts daily
- Complete video library access
- Three days a week, a dedicated account manager
- Research is available to anyone.
- Demo account
- Daily market reviews and financial research
- Daily analyst recommendations (3rd party)
- Full access to the video library
- Dedicated account representative 5 days/week
- Open access to research
- Special trading conditions
- Trading Central
- One-on-one meetings with account representatives
ClickTrades: Assets and Markets
In this portion of ClickTrades Review, we will highlight the assets and markets provided by this broker to its users. Clients who use ClickTrades have access to over 2,100 trading instruments, including bonds, commodities, forex, indices, stocks, and ETFs. Spreads are relatively high for an Essential account, but they are much better for Original and Signature account holders. Your trading costs will be low if you concentrate on the most popular assets.
ClickTrades: Deposit and Withdrawal methods
In this section of ClickTrades Review, we will highlight the deposit and withdrawal methods available to this broker. ClickTrades accepts VISA, Master Card, Maestro, and online money transfer services like Neteller and Skrill for bank deposits and withdrawals. New money transfer services like PayPal and Payoneer aren’t supported, and there’s no way to use cryptocurrency like bitcoin.
They don’t want you to take your money out of their funds, according to some unusual withdrawal conditions. Traders frequently complain about these unneeded obligations. ClickTrades provides all of its traders with a welcome bonus. There are no requirements in this case, but they do say that you can’t withdraw your money until you’ve traded $10,000 in 90 days.
Furthermore, they claim to charge a fee for money withdrawals, but when money is withdrawn, a percentage is deducted.
ClickTrades: Accepted Countries
In this section of ClickTrades Review, we will provide you the names of the countries supported by this broker. Despite its global reach, ClickTrades does not open accounts for residents of certain countries, including Japan, Canada, and the United States.
ClickTrades: Customer Support
In this section of ClickTrades Review, we will provide you the information about customer services provided by this broker. ClickTrades’ philosophy includes staying in touch with customers at all times, which is why customer support is currently available via email, phone, and live chat. Furthermore, traders have access to a dedicated account representative, who is assigned to each customer’s account type. It’s worth noting that the broker also offers educational resources to customers, as well as a variety of third-party resources for registered clients.
This section of ClickTrades Review will cover the educational resources offered by this broker. . Only registered customers have access to ClickTrades’ dedicated video library, which contains educational material. There’s also a news section powered by investing.com, as well as an economic calendar to keep you up to date on what’s going on in the world.
The Trading Central, which is currently only available to Signature account holders, is the most important feature. Perhaps ClickTrades will make some changes and make it available to all customers, as most of the well-known brokers have already done.
ClickTrades: Pros and Cons
This section of ClickTrades Review will highlight the benefits and drawbacks of using this broker.
- Trading Central
- Commission-free accounts and fixed spreads
- 2100+ trading instruments
- WebTrader platform with a variety of built-in trading tools
- No MetaTrader platform
- Limited funding options
- Offshore regulation
- Educational resources are scarce for new traders.
- A minimum deposit of $1000
- No clients from Japan, the United States, or Canada
- No online chat support
Conclusion ClickTrades Review
Finally, we got the end of this ClickTrades Review. ClickTrades has been operating for a year, and they are still considered to be a very young brokerage. They sell ETFs, Forex, Bonds, Indices, Shares, and Commodities as well as a wide variety of other assets to exchange. Even if the majority of their clients’ goals are to keep selling Forex, this would encourage most traders to create an excellent trading portfolio and make money through a variety of assets.
Aside from that, the company provides a limited, but still available, learning opportunity to its users. While the ClickTrades FX brokerage does not offer any video tutorials or web seminars, it does offer a general glossary of terms that most newcomers will find useful.
The broker is well-known for its ability to execute trades and transactions quickly and without much delay, as requested by customers. They’re also known for having a diverse range of withdrawal and deposit options, ensuring that the majority of users will be able to do so without difficulty.
So, if you plan to trade with this broker in the future, don’t hesitate to check it out in a Demo Account first to see how it works for you!