ClickTrades Broker Review
Foundation Year : 2018
ClickTrades Broker Review Overview – Serving Investments That Suits You: ClickTrades is a Forex brokerage who has acquired registration in Seychelles. It furnishes a web-based trading platform, not the famous MetaTrader5 platform and extremely reasonable leverage. Traders have protracted leverage of up to 1:300. Also, there is a wide range of trading products from which to choose. It offers a spread of 2 pips on EUR/USD which, however, is above the industry average and too high in our view.
ClickTrades.com commits to guarding their assets and data continuously. It supports the best standards with regards to security and information assurance for customer information. The brokerage is accredited and monitored by the Financial Services Authority of Seychelles with a license number SDO20.
Trading Instruments Offered By ClickTrades Broker
With Clicktrades broker, customers gain admittance to more than 2,100 trading instruments, going from bonds, commodities, forex, indices, shares, and ETFs. For an Essential account, spreads are generally high, however for Original and Signature account holders things are greatly improved. If one needs to concentrate on the most well-known assets, their trading costs will be reasonable.
One can trade currencies on a decentralized global market with competitive spreads and high liquidity. One can choose from three popular forex categories such as majors, minors and exotics.
Most of the modern countries, as well as the developing countries, have at least one financial index. CFDs on Indices deals with more than 26 global indices. If one chooses to trade these instruments, they also get competitive spreads and lofty leverage.
With Clikctrades broker, one can trade in soft commodities which include grown goods such as wheat or rice. One can trade in hard commodities that comprise mined products such as gold, gas and oil.
The broker gives its clients a chance to invest in the most popular shares in the global financial markets. The financial markets include the Australian, European, Asian and the U.S Market.
Banks as well as government organizations issue bonds to raise capital. One should take into consideration that the bond market has several opportunities for every trader. To Take advantage of these opportunities, Clicktrades broker offer Bonds trading on their trading platform.
Choosing to trade CFDs on ETFs (Exchange Traded Funds) can be attractive to a specific type of trader as they offer high daily liquidity and have competitive fees.
Trading Account Offered By ClickTrades
ClickTrades gives it customer a choice of 3 distinct account types:
- ClickTrade Essential Account– It has a minimum deposit of Usd 1000, and it is for the new traders.
- Original Account – It has a minimum deposit of Usd 5000. It is for medium-sized traders.
- Signature Account – One can open this account with a minimum deposit of Usd 25000. It caters to expert traders.
Trading Conditions on Trading Accounts
Every account type offers access to the WebTrader platform. Daily market reviews, financial research and daily analyst recommendations, full access to a video library and dedicated account representative is accessible by the account holder.
An original account incorporates open access to analysis. The signature account encompasses all of the above and also trading central and one-to-one meetings with an account representative.
Spreads On Accounts
The broker provides fix or variable spreads depending on the traded financial instrument. EURUSD spread is fixed, and it starts from 2 pips. The broker escalates spreads to blanket costs as they do not charge commission.
They also makes a profit from the contrast between the BID and ASK prices, a distinction that is called the bid-asked Spread. One will also require to be mindful of additional fees such as the overnight rollover (swap).
If one left behind a position opens overnight, then ClickTrades adds or subtracts a “swap” fee to/from their account. This amount will vary as it links to inter bank interest rates. One will examine the charge at the end of the trading day.
Leverage On Accounts
Flexible leverage offered by the broker is up to 1:300. To be placed in a positive leverage grade, one must complete the appropriateness test. The broker must gather, under the suitable regulation, data about its customers and their experience. It will also help in assessing whether the services they provide are appropriate for their clients.
When one trades on leveraged capital, it may open a position with a value that is significantly higher than the invested funds. This leverage will serve as the margin. When trading with leverage, one increases their chances of potential return, but also the potential losses.
When one trades with leverage, they can pay less than the full price for a trade. Thus, one can enter more significant positions than they could, using only their account funds.
Availability Of Swap Free Accounts
At ClickTrades, one can open an Islamic Account or swap-free account. Swap-free accounts are also only available for customers who cannot use Swap Accounts due to their religious beliefs. For one to become eligible for such an account, the broker reserves the right to investigate their current situation.
They also state that they reserve the right to refuse their request without providing any reason or explanation. If the company accepts their request, all other accounts that one holds with them will convert into Swap-Free accounts.
The conversion process of the account is performed by the back-office department only after one gives their consent for such a request. Only then will they evaluate their application along with the documentation they submitted to them and inform one if their request has been accepted or not.
A fee of USD 10 will apply on the trading account, in case of inactivity for three months or more.
ClickTrades Demo Account
The Brokerage service firm also allows one to open a demo account with them. This ClickTrade demo account can be used by beginners to learn about financial trading. The expert traders can also use this account to explore services provided by the company.
ClickTrades Trading Platform
ClickTrades Webtrader Platform
The ClickTrades broker have a spontaneous and User-friendly platform that has everything one would expect from a platform. ClickTrades are built on the most recent technologies and developed for dependable execution.
It provides an Immense range of instruments, free analysis tools, economic calendar as well as trading Central. Its features such as limit and stop orders can help to improve their overall trading experience.
With the ClickTrade WebTrader platform, anyone can stay connected to the markets from anywhere in the world. It also gives access to several world-class assets – Forex, Commodities, Indices, ETFs and Bonds.
Here are some key characteristics of the platform:
- It offers Intuitive and easy to use trading platform for financial trading.
- One can find various order types and execution modes on the platform
- The platform Provides a Wide range of price charts and time frames.
- The web trader provides an extensive array of technical indicators and analytical tools
- It Offers a high degree of customization to its users.
- It also supports both desktop & mobile devices.
- Anyone can use up to 10 charts at the same time.
- Includes reputed third-party tools directly integrated into the platform
- It facilitates real-time symbol quotes for instruments
- One has access to financial news feed
ClickTrades MetaTrader 5 Platform
It is a trading platform that intends to supplant MT4, even though the former remains increasingly famous. MetaTrade5 accompanies most of the similar center highlights as MT4 in addition to additional capacities and new highlights. It is a propelled trading platform best for professional traders. MetaTrader5 is accessible as WebTrader, mobile apps for Android and iOS devices and also as desktop applications on Windows and MAC OS.
Features of MetaTarder5 Platform:
- ClickTrades MT5 Offers depth of Market tool, which shows the extent of liquidity available in the market.
- It supports the use of MQL5 to script plugin apps.
- MT5 has EAs for the automation of strategies.
- One can deploy multi-currency strategy tests to backtest EAs over historical data.
- Mt5 also allows as many as 100 charts to open simultaneously.
- MetaTrader5 offers traders with complex charts with three chart styles displayable over 21 time frames.
- The platform comprises 38 technical indicators that can be utilized by traders for in-depth analysis.
- Mt5 also comes with an economic calendar.
- It offers price alert notifications facilities to the users.
Trading Tools offered By ClickTrades Broker
Trading Central is a productive as well as valuable product that provides traders access to a large group of technical indicators. It is also an award-winning dynamic chart analysis tool specialized in market analytics and research. They can aid traders of all levels to expand their trading strategies with interactive charts and extensive built-in analysis. Trading Central, is available for traders only under specific conditions and comes unified into the WebTrader platform.
The Economic calendar is a calendar used by the Investors to keep track of major financial events and Financial indicators. The economic calendar displays the news events and data releases which are related to financial markets. It shows all the financial information in forms of charts outlining days, months and years.
Educational Material Provided By The ClickTrades Brokerage Firm
ClickTrades have minimal resources when it comes to education. On the website, They have also a financial dictionary that comprises some typically used trading terms along with their explanations.
Method of Deposits and Withdrawals
Bank wire transfer and credit/debit cards are the only method of payment and withdrawal with the broker. The clients will get funds in the method of deposit. The broker may ask the client to submit additional documents for processing withdrawal requests.
The ClickTrade customer support team is also available Monday to Friday from 6 am GMT to 1 am GMT. You can reach them via telephone and email; there is no option of online chat.
ClickTrades Broker is an online financial broker with an expanded range of assets accessible for trading by clients all over the world. They have also a vigorous and visceral trading platform with the right choice of built-in trading tools. The broker does not charge a commission but does; as a result, mark-up spreads. One will need to acknowledge the repercussion this could have on your trading system and money management.
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