ClickTrades
- Trust score
- 4/10
- Legal simplicity
- 4/10
- Min. deposit
- 1000
- Payment systems
Features
- Islamic (swap-free) accounts
- Segregated client accounts
- Scalping allowed
- Affiliate program
- Wide range of trading instruments
Pros
- No differentiating advantages are identified for ClickTrades.
Cons
- No specific drawbacks are identified for ClickTrades.
Updated:
ClickTrades is a forex and CFD broker launched in 2018, headquartered in Cyprus with an offshore branch in Seychelles. It accepts clients worldwide except in Japan, Canada, the USA, and a few other restricted countries. Two regulated entities set its terms: a CySEC-regulated arm capping EU leverage at 1:30, and an SFSA-regulated arm offering up to 1:300 for international clients.
Islamic and segregated accounts, scalping, an affiliate program, and a wide range of trading instruments.
ClickTrades is a CySEC- and SFSA-regulated forex and CFD broker launched in 2018, headquartered in Cyprus with an offshore branch in Seychelles. It offers the MT5 and WebTrader platforms, a $1,000 minimum deposit, and access to forex, stocks, ETFs, indices, commodities and cryptocurrencies.
Regulation
ClickTrades operates through two regulated entities. Key Way Solutions Ltd, based in Cyprus, is regulated by the Cyprus Securities and Exchange Commission (CySEC) and caps leverage at 1:30 for EU clients under ESMA rules. KW Investments Limited, based in Seychelles, is regulated by the Seychelles Financial Services Authority (SFSA) and allows leverage up to 1:300 on major currency pairs for international clients.
Trading instruments
ClickTrades lists more than 50 currency pairs, around 2,000 stocks, 50 ETFs, 18 stock indices, 20 commodities and 18 cryptocurrencies. The broker also provides tools for IPO trading.
Trading platforms
Traders can use MT5 (MetaTrader 5) or WebTrader. Both support automated trading, scalping and mobile access.
Account types and spreads
ClickTrades offers three account tiers: the Essential Account, requiring a $1,000 minimum deposit; the Original Account, for advanced traders, requiring $5,000; and the Signature Account, with VIP services for experienced traders, requiring $25,000. All accounts combine fixed and floating spreads with no added commission; the average EUR/USD spread is around 1.8 pips. Islamic (swap-free) accounts are available.
Deposits, withdrawals and fees
The minimum deposit is $1,000. Supported deposit methods include bank transfer, Visa/Mastercard, Skrill, Neteller, WebMoney, Sofort, Giropay, and Bitcoin, Litecoin and Ethereum via Ecommpay. ClickTrades does not publish a specific withdrawal fee. Accounts with no transactions for three months are charged a $30 monthly inactivity fee if a balance remains.
Other features
- Segregated client accounts
- Affiliate/partner program
- Base currencies: USD, AED, COP, EUR, GBP, LKR, ZAR
- PAMM accounts, social trading, trading signals and VPS are not offered
- Customer support available 24/5
Advantages and disadvantages
Advantages include CySEC and SFSA regulation, a wide range of instruments including stocks, ETFs and cryptocurrencies, cryptocurrency deposit options, and the user-friendly MT5 and WebTrader platforms.
Drawbacks include a comparatively high minimum deposit, spreads that are not among the most competitive, and no ECN account option.
Is ClickTrades right for you?
ClickTrades suits traders who value CySEC/SFSA oversight, a broad instrument range, and Islamic account options. Its $1,000 minimum deposit is higher than many competitors, and it does not offer ECN or PAMM accounts. Compare it against other reviews and our broker rating before opening an account.
