ClickTrades Review: Why should you consider this broker?
Many people opt to start online trading to take advantage quickly of market trends, while others do it for the long term. The reasons vary from person to person, but the Covid-19 pandemic has been a leading motivator for individuals to find alternative income sources.
Besides obtaining the proper knowledge, part of the process is to find a broker that suits your trading requirements. Many offer shiny benefits, but few live up to their promises, leaving customers frustrated at the end of the day.
ClickTrades offers many features, and we will review the brand to determine if their offerings are appropriate for you.
About the Brand
ClickTrades has a mission to equip traders with the right resources and tools, and they claim to improve their platform continuously. Their aim is to be customer-focused and support every client with the right strategies to enhance their online trading experience.
They offer CFD trading of over 2100 financial instruments, which include cryptocurrencies, bonds, shares, forex, indices, commodities, and ETFs. Their cryptocurrency assets include the popular Bitcoin, Litecoin, Ripple, and Ethereum.
Trading Tools
ClickTrades offers two platforms to access the markets: the ClickTrades WebTrader and MetaTrader 5. The ClickTrades WebTrader grants you access to the markets through a browser from any device and is equipped with advanced charting tools and market updates. It is accessible on desktop (Mac and Windows) and mobile (Android and iOS).
The Trading Central tool on ClickTrades is accessible on the ClickTrades WebTrader platform. It provides trading recommendations, market insights and analysis from financial experts. In addition, ClickTrades gives you access to the economic calendar, to stay up to date with key economic events.
Accounts
ClickTrades offers three types of accounts: Essential, Original, and Signature. Essential is ideal for beginners, and the minimum funding required is $1,000.
Each account type has predefined benefits and includes dedicated account representatives, market news, full access to the video library, and access to the ClickTrades WebTrader platform. However, the Trading Central tool mentioned earlier is only accessible by Signature account holders.
Payment options
ClickTrades offers multiple payment methods to use for deposits and withdrawals. They offer payments via debit/credit cards, wire transfers, and various online payment services like Skrill, Neteller, and CashU, to name a few.
Withdrawals are processed via the same method used for funding, and this is to comply with their AML policies. They might request additional documentation to ensure the money is returned to the legal owner. Furthermore, ClickTrades does not charge deposit fees. However, you may be required to pay commissions to cover currency conversions.
Pros
- Cutting edge ClickTrades WebTrader platform
- Trading is possible on the ClickTrades WebTrader and MT5 apps
- Affiliate program to benefit from referral income
Cons
- A higher initial deposit of $1000
- Trading Central is only available for Signature account holders
Conclusion
ClickTrades offers multiple benefits and resources; in addition, their cutting-edge ClickTrades WebTrader allows for an interactive and personalized trading experience. Their offerings are targeted at client’s needs, thus living up to their customer-focused mission. They are, therefore, a brand to consider should you be looking to start your trading journey or are planning to change brokers.
The materials appearing in this document are not written by ClickTrades but by an independent third party and should not in any way be construed, either explicitly or implicitly, directly, or indirectly, as investment advice or a recommendation or suggestion of an investment strategy concerning a financial instrument, in any manner whatsoever. Trading CFDs involves a significant risk of loss.
