Clicktrades Review – A Convenient Approach To CFD trading?
About the company
Operated by KW Investments Limited, clicktrades.com is another online CFD broker providing access to instruments ranging from bonds, commodities, forex, to indices, shares, and ETFs. The company offers its services to clients around the world, except residents in certain jurisdictions including Japan, Canada, and The United States of America. We’ll discuss their trading conditions, advantages, and some disadvantages that should be taken into account by all traders wanting to work with Clicktrades.
Compatible with both desktop and mobile devices (laptop, smartphone, or tablet), the Clicktrades web trader is the only piece of trading software available at the time of writing. Instead of providing a variety of platforms, the company preferred to develop its own platform and make it available for all types of devices.
When it comes to functionalities, it has advanced chartist methodologies, complex risk management tools, negative balance protection, and the popular Trading Central already integrated. There could be a debate here on whether a web-based platform is better than a software platform, but in reality, it all comes down to what each trader needs. For those who want remote access to their trading account at any time and from anywhere, a web-platform would be the better solution.
83% Win Rate$250 Min DepositAccepts Credit Card
All clients get to use the same platform, but in terms of account types, there a greater diversity. Fit for newcomers, the Essential account requires an initial deposit of $1,000. In exchange, traders will get full access to a video library, daily market reviews & financial research, daily analyst recommendations provided by a third party, and a dedicated account representative. The relatively high initial deposit might be an inconvenience for some traders.
Those wanting an upgrade to an Original account will need $5,000 in their balance. On top of the features previously mentioned, they will get access to special trading conditions and open access to research. Finally, Signature accounts require a $25,000 deposit and only this type will offer access to the Trading Central. One-to-one meetings with account representatives top the offer.
As a whole, there are advantages here, but also, Clicktrades could adjust the initial deposit or allow broader access to Trading Central. Overall, clients get to benefit from a balanced offer and depending on their investment, the features increase.
Even though not all clients get to choose the Trading Central, it must be mentioned as one of the most popular trading analysis tools of 2019. With it, traders can track market movements based on multiple daily updates or support/resistance levels. There are also alternative scenarios based on market movements that allow traders to have a clear perspective on the instruments’ probable direction.
In terms of educational features, the information available for free is limited. Clicktrades had a news section where some of the latest market development are updates. Also, the economic calendar will provide traders will the latest indicators from the developed or emerging markets, in real-time, as they get released.
People who open a live trading account will get access to a broader list of educational resources. Daily market reviews & financial research, as well as daily analyst recommendations provided by a third party, are two of the most important to mention. It will be helpful for beginners to get market insight from professionals. Other than that, Clicktrades provides full access to a video library, which we can review, given that only registered clients have access to it.
Based on the information available on clicktrades.com, KW Investments Limited, the main website operator, is authorized and regulated by the Seychelles Financial Services Authority, with the license number SD020. Also, the exclusive payment agent is Key Way Solutions Ltd, based in Limassol, Cyprus, with registration number HE388418.
At the present time, Clicktrades conducts a deposit bonus promotion, with several important terms and conditions to be mentioned. According to the table provided by the broker, the bonus is approximately 25% on the first-time deposit.
However, clients who choose to get the bonus must be aware that in order to withdraw the bonus, they must generate a trading volume of $10,000 for each $1 received as a bonus, and all in 90 calendar days since the bonus was credited. There are several other terms and we advise you to read them carefully before deciding to apply for a bonus.
In addition, traders looking for an additional income stream, can become a partner of Clicktrades and join the CPA program. Those interested can check the information available on the broker’s website.
Clicktrades is a CFD broker operating globally with only a few exceptions. The company provides access to more than 2,100 instruments ranging from different markets, a proprietary trading platform and plenty of other features described previously. It comes down to each trader to asses whether the offer provided by Clicktrades is the right one or not.
83% Win Rate$250 Min DepositAccepts Credit Card