ClickTrades 2025 Review: Everything You Need to Know
ClickTrades has generated mixed reviews since its inception in 2018. While it offers a diverse range of trading instruments and a user-friendly platform, concerns about its regulatory status and withdrawal processes have surfaced. Key features include access to over 2,100 trading instruments, including forex, stocks, and cryptocurrencies, along with a proprietary trading platform. However, users have reported challenges with withdrawals and customer service responsiveness.
Note: It's important to highlight that ClickTrades operates under different entities across regions, which can affect user experience and regulatory compliance. This review aims to provide a fair and accurate assessment based on multiple sources.
Ratings Overview
We score brokers based on user feedback, expert opinions, and factual data.
Broker Overview
Founded in 2018, ClickTrades is operated by KW Investments Limited and is regulated by the Seychelles Financial Services Authority (FSA). The broker provides access to various trading instruments, including forex pairs, stocks, indices, commodities, and cryptocurrencies. ClickTrades supports the MT5 platform and its proprietary web-based trading terminal, offering a range of tools for both novice and experienced traders.
Detailed Breakdown
Regulatory Regions
ClickTrades is primarily regulated by the Seychelles FSA, which is considered a less stringent regulatory body compared to major authorities like the FCA or ASIC. This raises concerns about the level of investor protection offered. Additionally, ClickTrades does not provide services to residents of the US, Canada, and Japan, limiting its market reach.
Deposit/Withdrawal Currencies
Traders can fund their accounts using various methods, including bank transfers, credit cards (Visa, Mastercard), and e-wallets like Skrill and Neteller. The minimum deposit requirement is set at $1,000, which may be prohibitive for beginner traders. Withdrawals can be made using the same methods, but users have reported delays in processing times, which can extend up to 10-15 business days.
Minimum Deposit
The minimum deposit for ClickTrades is $1,000, which is relatively high compared to other brokers offering accounts with lower entry points. For example, some brokers allow starting with as little as $100, making ClickTrades less accessible for new traders.
ClickTrades has been known to offer various promotional campaigns, including bonuses on initial deposits. However, the specifics of these bonuses can vary, and users are advised to read the terms carefully to understand any associated conditions.
Tradable Asset Classes
ClickTrades offers a wide range of tradable assets, including over 55 forex currency pairs, commodities, stocks, indices, and cryptocurrencies. This variety allows traders to diversify their portfolios and hedge against market volatility. However, some users have noted that the selection within certain categories is limited, which could restrict trading opportunities.
Costs (Spreads, Fees, Commissions)
ClickTrades generally charges spreads that range from 0.0001 pips for certain assets, but this can vary significantly based on the asset class. The broker does not charge commissions on deposits or withdrawals, but users may incur fees for currency conversions or inactivity after 90 days, which can amount to $30 per month.
Leverage
The maximum leverage offered by ClickTrades is up to 1:300, which is competitive within the industry. However, some users have expressed concerns about the risks associated with high leverage, particularly for inexperienced traders.
ClickTrades provides trading access through its proprietary web platform and the popular MT5 platform. While the web platform is user-friendly and designed for seamless trading, the absence of MT4 has been noted as a drawback by some users who prefer that platform.
Restricted Regions
As mentioned, ClickTrades does not accept clients from the US, Canada, and Japan, which may limit its appeal to traders in those regions. This restriction is common among brokers operating under less stringent regulatory frameworks.
Available Customer Support Languages
ClickTrades offers customer support in multiple languages, including English and Spanish. However, users have reported slow response times and difficulties in communication, particularly regarding withdrawal queries.
Repeat Ratings Overview
Detailed Analysis of Ratings
Account Conditions (Score: 5)
ClickTrades offers three account types with varying minimum deposit requirements: Essential ($1,000), Original ($5,000), and Signature ($25,000). While the Essential account provides basic trading functionalities, the high initial deposit may deter new traders.
The platform includes essential trading tools such as an economic calendar and access to Trading Central for market analysis. However, the lack of comprehensive educational resources limits its appeal to novice traders.
Customer Service and Support (Score: 4)
Customer support has been a recurring issue, with users reporting long wait times and unresponsive service. This can be critical, especially when traders face urgent issues regarding withdrawals.
Trading Setup/Experience (Score: 6)
The trading platforms are generally well-received, with the web-based terminal and MT5 offering a range of functionalities. However, the absence of MT4 may frustrate some traders who prefer that platform.
Trustworthiness (Score: 3)
ClickTrades operates under the Seychelles FSA, which is viewed as a weaker regulatory authority. Coupled with numerous reports of withdrawal issues, this raises significant concerns about the broker's reliability.
User Experience (Score: 5)
Overall user experiences are mixed, with some traders appreciating the platform's features while others express dissatisfaction with customer support and withdrawal processes.
In conclusion, ClickTrades presents a mixed bag of offerings and experiences. While it provides a wide range of trading instruments and competitive leverage, significant concerns regarding its regulatory status, withdrawal processes, and customer service persist. Potential traders are strongly advised to conduct thorough research and consider their options before engaging with this broker.
