Not Recommended for: forex trading
Low Trust broker: Not well regulated by top-tier financial authorities
ClickTrades review summary
The ClickTrades broker started operating in 2018 and is registered in Cyprus. It provides services throughout most of the world except Japan, Canada, and several other countries. Trading is available on Forex for stocks and bonds, commodities, indices, ETFs, and cryptocurrencies. Spreads are average for the segment, trading is available through the browser and the MT5 terminal. There are three types of accounts and all the main options for depositing and withdrawing funds. The broker also offers an advantageous referral program.
Is ClickTrades a legit broker?
See how ClickTrades is regulated and whether you should have any concerns using it.
ClickTrades pros and cons
Pro
Cons
- Powerful and user-friendly MetaTrader 5 platform
- WebTrader platform with variety of built in trading tools
- Great choice of 2,100+ trading instruments
- Commission free accounts and tight fixed spreads
- Minimum $1,000 deposit quite high
- Clients from some countries are not accepted
- Inactivity fee after 3 months
- Does not offer the MT4 platform
Fees
ClickTrades has low forex and CFD trading fees and there are no deposit fees. On the other hand, withdrawal carries a charge.
Account opening
The account opening process at ClickTrades is fully digital, user-friendly and fast. Our account was approved within a day. On the other hand, the minimum deposit is high for Prime Accounts.
Deposit and withdrawal
ClickTrades deposit and withdrawal services are great. Several base currencies are available, there are numerous options for moving your money, and there is no deposit fee. However, the broker charges a fee on withdrawals.
Web trading platform
The web trading platform at ClickTrades (provided by MetaTrader) is highly customizable and has a clear fee report. On the other hand, its design is outdated and it lacks a two-step login and price alerts.
Mobile trading platform
ClickTrades has a great mobile trading platform, provided by MetaTrader 4. It’s well-designed and user-friendly with good search functions, but lacks a more secure login.
Desktop trading platform
In design and functionality, ClickTrades MetaTrader 4 desktop platform is almost the same as the web trading platform. One major difference is that you can set price alerts.
Markets and products
At ClickTrades , you can trade real stocks, forex and CFDs. In other words, popular asset classes like bonds or ETFs are not available.
Research
ClickTrades has limited research tools. Clients will not find a quality news service and the range of analytic tools is limited. As a plus, clients have access to an economic calendar and market analyses.
