A forex broker called ClickTrades was founded in 2018 and is subject to Seychelles Financial Services Authority regulation. Click Trades has its own Web Trader platform in addition to MT5. Over 55 forex currency pairs, shares, indices, CFDs, commodities, gold, silver, bitcoin, and other cryptocurrencies are just a few examples of investment tools. ClickTrades requires a $1,000 minimum deposit to start a live account, and their maximum leverage is 300:1. You can make deposits and withdrawals using Skrill, Visa, MasterCard, and wire transfers. Residents of the US, Canada, and Japan are not eligible for services. Accounts with this forex broker are subject to a $30 monthly inactivity fee if no trades have been executed in the previous 90 days.
Please read the reviews of ClickTrades below and let us know about your real-time trading encounters with this forex broker.
Support for Education and Research
Forex broker websites don’t provide any instructional materials. Inability to get assistance with trade expertise might be a big disadvantage for new clients. Access to educational materials should be available to every trader. Without it, trading on the financial markets will be challenging because every trader needs to grasp the market’s characteristics and the numerous trading strategies.
The forex online broker simply offers the simplest research tools. For the traders, it only functions as an economic calendar.
Customer Service
Five days a week, ClickTrades’ customer service is available. You can also contact the customer service department through phone, live chat, and email.
Trading Strategy and Environment
ClickTrades offers full access to WebTrader, a cutting-edge and user-friendly platform that enables trading sessions from a broad range of more than 2,100+ assets, on desktop and mobile devices. They also offer the cutting-edge MetaTrader 5 trading platform, used by millions of traders worldwide.
Cash in and cash out in ClickTrades
The forex broker’s options are significantly more constrained. The only choices are bank wire transfers, credit/debit cards, and internet payment processors like Trustly and Paysafecard.
At ClickTrades, there are no deposit fees. Use a payment account that is registered in your name if you want to make a deposit into your ClickTrades account. If you adhere to the regulatory requirements set forth by the forex broker, you may withdraw your funds. The same method you used to deposit your winnings will be used to withdraw them.
Instruments for Trading
A massive 2,100+ CFDs (Contracts for Difference) are available to trade on ClickTrades. Instead of buying or holding the underlying asset when you trade CFDs, you are betting on the price movement, whether it is up or down. An agreement between two parties to pay the difference between current and future prices is known as a contract for difference (CFD).
Forex Currency pair trading
With ClickTrades, you may trade currencies on a global, decentralised market with competitive spreads and large liquidity by selecting from three popular FOREX pairs: majors, minors, and exotics.
Commodities
You have two choices when trading CFDs on commodities: hard commodities, which comprise mined goods like gold, gas, and oil, and soft commodities, which include grown crops like wheat or rice.
Cryptocurrencies
Only six cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Dash, Bitcoin Cash, and Ripple, are available for trading on Clicktrades.
Is ClickTrades’ licence something that can be trusted?
The forex broker has a good online standing. There are numerous ClickTrades reviews online, all provided by individuals, and the majority of them give the forex broker an average service rating. Although the forex broker does not go beyond, its users respect it because of the reliable services it offers and because of this. It is not intended that the products available through its platform are any less effective than those offered by competitors.
However, the licence is the most crucial factor that can establish the forex broker’s reliability. And we’re pleased to let our readers know that Clicktrades has one of the more reputable licences available.
Is ClickTrades a trustworthy and legitimate forex forex broker, or is it a fraud?
ClickTrades is run by KW Investments Limited, which is licenced SD020 and is authorised and governed by the Seychelles Financial Services Authority. It is advisable to periodically confirm the regulatory information because it may change without warning.
The easiest approach to determine whether Click Trades is a trustworthy and legitimate forex broker or a shady forex broker that should be avoided is to read unbiased trader reviews on ForexPeaceArmy.
Pros
- a total of 2100 CFDs on different asset classes
- Market Trader 5 (MT5)
- speedy execution
- Absent commission
- a trading hub
- Quick and secure payment options
- Rollover of weekly CFD expiration
Cons
- Residents of the United States, Canada, and Japan are not eligible.
- There aren’t any learning resources besides a financial dictionary.
- Charges for the night and an inactivity cost
- No MetaTrader 4 required, $1,000 minimum first deposit (MT4)
- small leverage
Conclusion
Customers can choose from a wide variety of assets through the online forex forex broker ClickTrades. They provide a variety of user-friendly and powerful trading platforms, as well as a number of integrated trading tools, such as Trading Central. Since the mark-up spreads are reasonable in light of the absence of a commission fee, the forex broker does not impose one. The forex broker also provides a variety of account types and financing options to satisfy the needs of various traders.
As far as we’re concerned, trading is simple using the most well-liked and widely used trading platform, MetaTrader 4 (MT4), which is provided by reputable forex brokerage business Investby.
