CLICKTRADE Forex Broker
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Wide range of trading instruments, including over 2,100 assets across various asset classes. User-friendly trading platforms, including MT5 and a proprietary web trader, suitable for both novice and experienced traders. Regulated by the Seychelles Financial Services Authority, providing a level of trust and security for clients.
High minimum deposit requirement of $1,000, which may be a barrier for beginner traders. Reported issues with customer support and withdrawal processes, causing frustration among users. Limited educational resources available for traders, particularly beginners, which may hinder their trading development.Basic Information
Spain
Click Trade Forex Broker - Complete Information Guide
1. Overview of the Broker
Click Trade, officially known as ClickTrades, was established in 2018 and is headquartered in Seychelles. The company operates under the name KW Investments Limited, a private entity that provides brokerage services to retail clients globally. Click Trade primarily targets experienced traders seeking a diverse array of financial instruments, including forex, CFDs, commodities, indices, and cryptocurrencies.
Since its inception, Click Trade has aimed to create a robust trading environment, offering various trading platforms and tools to enhance the trading experience. The company has made significant strides in the industry, focusing on technological advancements and customer support. Click Trade is regulated by the Seychelles Financial Services Authority (FSA), holding license number SD 020. This regulation allows them to operate in numerous jurisdictions, although they do not accept clients from certain countries, including the USA, Canada, and Japan.
The business model of Click Trade focuses on providing retail forex services, allowing clients to trade a wide range of instruments with competitive spreads and leverage options. The broker has developed a reputation for offering a user-friendly trading experience, supported by comprehensive market analysis and trading tools.
2. Regulatory and Compliance Information
Click Trade is regulated by the Seychelles Financial Services Authority (FSA), with the license number SD 020. The regulatory framework allows Click Trade to operate within the guidelines set forth by the FSA, ensuring basic protections for clients. However, it is essential to note that the FSA is considered a less stringent regulatory body compared to other top-tier entities like the FCA or ASIC.
The regulatory license is valid for providing financial services to clients in various regions, but Click Trade does not cater to clients from the USA, Canada, and Japan due to stricter regulations in those jurisdictions. Client funds are held in segregated accounts, which helps protect investor capital in the event of company insolvency. Additionally, Click Trade implements Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures to ensure the integrity of their operations.
While Click Trade is a licensed broker, the offshore nature of its regulation may raise concerns among potential clients regarding the safety of their investments. It is crucial for traders to conduct thorough research and consider the implications of trading with an offshore broker.
3. Trading Products and Services
Click Trade offers an extensive range of trading products, including over 2,100 instruments across various asset classes. The broker provides access to:
- Forex: More than 55 currency pairs, including major, minor, and exotic pairs.
- CFDs: Contracts for difference on indices, commodities, stocks, bonds, and ETFs.
- Cryptocurrencies: A selection of popular cryptocurrencies, including Bitcoin, Ethereum, and others.
The broker frequently updates its product offerings, ensuring that clients have access to the latest market opportunities. Click Trade primarily focuses on retail trading services, catering to individual clients rather than institutional services. While they do not offer white-label solutions or asset management services, their extensive range of instruments allows traders to build diversified portfolios.
4. Trading Platforms and Technology
Click Trade supports two main trading platforms: MetaTrader 5 (MT5) and its proprietary ClickTrades WebTrader.
MetaTrader 5 (MT5): This platform is renowned for its advanced features, including automated trading capabilities, multiple timeframes, and a wide range of technical indicators. MT5 allows traders to execute trades efficiently and manage their portfolios effectively.
ClickTrades WebTrader: This user-friendly web-based platform is accessible from any internet browser and is designed for both novice and experienced traders. It includes features such as customizable charts, technical analysis tools, and the ability to view multiple charts simultaneously.
Both platforms are available on desktop and mobile devices, ensuring that traders can access their accounts and trade on the go. Click Trade also offers API access for automated trading solutions, catering to clients who prefer algorithmic trading strategies.
5. Account Types and Trading Conditions
Click Trade provides three account types, each designed to meet different trading needs:
Essential Account: Requires a minimum deposit of $1,000 and offers access to all trading instruments and features. This account is suitable for beginner and intermediate traders.
Original Account: Requires a minimum deposit of $5,000 and provides additional benefits, including access to economic research and a personal account manager.
Signature Account: Designed for experienced traders, this account requires a minimum deposit of $25,000 and offers special trading conditions, including exclusive access to advanced trading tools and one-on-one meetings with account representatives.
Click Trade offers leverage of up to 1:300, allowing traders to amplify their positions. The minimum trade size varies depending on the asset class, with specific conditions for forex trading. Additionally, Click Trade charges a monthly inactivity fee of $30 for accounts that have not engaged in any trading activity for 90 days.
6. Fund Management
Click Trade supports a variety of deposit methods, including:
- Bank Transfers
- Credit/Debit Cards (Visa, Mastercard)
- E-Wallets (Skrill, Neteller)
The minimum deposit requirement is $1,000 for the Essential Account, while the processing time for deposits varies. Generally, deposits made via credit cards are instant, while bank transfers may take 2-7 business days to process. Click Trade does not impose any deposit fees, but withdrawal fees may apply depending on the chosen method.
Withdrawals can be made via the same methods used for deposits, and processing times can vary. Clients should be aware of potential fees associated with currency conversion if their account currency differs from their deposit method.
7. Customer Support and Educational Resources
Click Trade offers customer support through various channels, including:
- Phone Support
- Live Chat (available during business hours)
The support team is multilingual, catering to clients from different regions. However, it's important to note that support is not available on weekends.
In terms of educational resources, Click Trade provides a basic financial glossary and access to market analysis tools. However, it lacks comprehensive educational materials such as video tutorials or webinars, which may be beneficial for novice traders looking to enhance their skills.
8. Regional Coverage and Restrictions
Click Trade primarily serves clients in Seychelles and other regions, but it does not accept clients from the USA, Canada, and Japan due to regulatory restrictions. The broker operates in various countries, focusing on markets with fewer regulatory constraints. However, potential clients should verify their eligibility before opening an account.
In conclusion, Click Trade is a broker with a diverse range of trading instruments and platforms, but its offshore regulation and high minimum deposit requirements may pose challenges for some traders. While it offers competitive trading conditions, potential clients should exercise caution and thoroughly evaluate their options before engaging with Click Trade.
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Latest Reviews
FX3823388445
Mexico
I went to withdraw $7000 and he will not let me do it. I saw the message and it says that my investment is also not returned to me which was $3000. Likewise, I see that the board has already removed the withdraw function.
Exposure
2021-12-22
迈特总部招商
Australia
I have been using Clicktrade for almost two weeks and I can simply say that this broker is best. I did not try its demo account and directly opened the real account. I was afraid of being scammed at first, but thankfully, everything is good. my account manager helped me take care of my trades, and I feel that I am so lucky to find this broker. Yes, I am a lucky guy.
37130
2023-03-23
Erí Kínn
Argentina
Don't trust them. They scammed me and I won't be able to get my money back. I already assumed it. Also, when looking for reviews on BizzTrade, we did not find any other reviews. In short, I suggest you to be careful that the same thing does not happen to you.
Exposure
2021-12-20