ClickTrades

Risk Warning

Online trading carries a high level of risk, and you may lose your entire investment. It is not suitable for all investors or traders. Make sure you fully understand the risks involved, and note that the information in this article is for reference purposes only and does not constitute investment advice.

Introduction

ClickTrades is an online broker that offers trading in a wide range of assets, including forex, stocks, commodities, indices, bonds, ETFs, and cryptocurrencies through WebTrader and MT5. However, it is important to note that the broker operates under an offshore license from the Seychelles FSA, which is not considered a strict regulatory authority. This raises concerns regarding transparency and safety.

Pros and Cons

Pros:

• Wide range of financial instruments
• Demo account available
• Supports MT5 platform
• Multiple payment options
• Relatively comprehensive educational resources
• Multilingual customer support

Cons:

• Offshore license, lacking strict regulatory oversight
• Reports of withdrawal issues and even scams
• Does not serve clients in Japan, Canada, and the U.S.
• Limited information on deposits/withdrawals

Trading Instruments

ClickTrades provides access to various markets:

• Forex: Major, minor, and exotic pairs
• Stocks: Shares of large listed companies
• Commodities: Gold, silver, oil, precious metals
• Bonds & ETFs
• Indices
• Cryptocurrencies

This diverse portfolio allows traders to spread risk and seek profits under different market conditions.

Leverage

ClickTrades offers leverage of up to 1:300. While this can amplify profits, it also significantly increases the risk of losses.

• Spreads & Fees
• EUR/USD spread: around 2 pips (floating)
• No trading commissions

Compared to major brokers like OANDA or City Index, these spreads are less competitive.

Trading Platforms

• WebTrader: Browser-based, convenient, no installation required
• MT5: Popular platform with advanced charting, EAs, technical indicators, and a user-friendly interface

Deposits & Withdrawals

ClickTrades supports:

• Bank transfers
• Credit/debit cards (Visa, MasterCard, Maestro)
• E-wallets (Skrill, Neteller)

However, details regarding fees, limits, and processing times are not clearly disclosed.

Customer Support

• Languages: English, Spanish, Arabic, Indonesian, Vietnamese, Russian, Hindi
• Channels: Live chat, email, phone
• FAQ and social media (Facebook, Twitter, Instagram) available
• Not available 24/7

Educational Resources

Includes:

• Market news updates
• Economic calendar
• Financial glossary

These resources help beginners stay informed and improve their trading knowledge.

Conclusion

ClickTrades offers multiple trading products, MT5 support, and a demo account. However, the offshore license, reported withdrawal issues, and high minimum deposit make it a risky choice. Investors should exercise caution and consider regulated brokers with transparent practices before trading.