ClickTrades Review 2025
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Updated:
Reason to avoid: Offshore
Listed Date: July 20, 2023
Top 3 Forex Brokers
Beware ClickTrades is a Non-Regulated Broker. It is NOT SAFE to trade.
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Is ClickTrades Scam or Legit Broker?
No, it is not safe to trade with ClickTrades due to the risks associated with its registration in Seychelles, an offshore jurisdiction known for its looser regulations and oversight. Founded in 2018, ClickTrades is regulated by Seychelles Financial Services Authority with the license number SD020.
- Offshore brokers like ClickTrades often lack tight financial regulations, protection measures, and transparent practices found in brokers registered in reputable jurisdictions (See our list of Regulated brokers). Consequently, trading with ClickTrades or other brokers from Seychelles such as T4Trade or GemForex increases the likelihood of risks and financial scams.
Is ClickTrades legit Registered in UAE?
No ClickTrades is solely offshore Seychelles registered Broker and does not holdUAE Trading License, so can not be considered a safe option for trading purposes.
About ClickTrades
| 🏢 Registered in | Seychelles |
| 🗺️ Type of License | Offshore |
| 🛡️ Is ClickTrades safe to trade? | No |
| 🗺️ Recommended Licenses | FCA in the UK 🇬🇧 and ASIC in Australia 🇦🇺 |
| 🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
What is ClickTrades?
Founded in 2018, ClickTrades is a forex broker that operates under the Seychelles Financial Services Authority (Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe Seychelles). ClickTrades provides a diverse range of investment opportunities across multiple asset classes, including over 55 forex currency pairs, shares, indices, CFDs, commodities, gold, silver, bitcoin, and other cryptocurrencies.
The broker enables trading through the industry-popular MT5 and WebTrader. Besides, ClickTrades also enables access to Trading Central, several trading accounts, and other favorable offerings. However, as has already been mentioned, ClickTrades does not hold any serious license, thus it might be a risky option for Forex Trading.
- Generally, the main recommendation while choosing a reliable forex broker is to find a company with tight regulations and good standing in the market. Very often offshore brokers turn out to be financial scams.
- In addition to the inadequate regulation, ClickTrades seems to have vast number of negative reviews. Feedback and reviews from side of other traders are very useful to consider while choosing a broker. In this case, they are mostly negative and refer to an insufficient withdrawal process. Besides, traders report that they are constantly contacted by the company's agents and are encouraged to make more deposits. In fact, this is how most scam brokers operate.
- Also, we revealed that ClickTrades does not accept residents of certain jurisdictions (Japan, Canada, and the USA), which is obvious since regulations are very tight there even for offshore registered brokers.
- At last, we highly advise traders to be extremely cautious when considering signing up with the broker and, preferably, avoid it altogether. It is crucial to keep in mind that ClickTrades lacks proper regulation and may not provide sufficient protection schemes (such as Negative balance protection) for investments.
Overall ClickTrades Ranking
We have significant concerns regarding ClickTrades regulatory status and overall reliability, thus we do not rank positively ClickTrades, based on our Expert Opinion with over 10 Years of experience in Forex Trading.
- ClickTrades Overall Ranking is 3 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.
| Ranking | Click Trades | Trading 212 | Go Markets |
|---|---|---|---|
| Our Ranking | ⭐ | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐⭐ |
| Is Broker safe? | No | Yes | Yes |
| Advantages | None | Trading Platforms | Trading Environment |
ClickTrades Alternative Brokers
Considering the evident regulatory issues with ClickTrades here are much better Alternatives to ClickTrades with tight regulations and excellent conditions. We select Good Brokers and reliable options for your comparison below:
- AvaTrade – Good Instruments and CopyTrading
- Pepperstone – Low Spreads and Competitive Trading Conditions
- XM – The best selection of Educational Resources
Deposits and Withdrawals
ClickTrades offers multiple options for deposits and withdrawals, including Bank wire, Visa, Mastercard, and Skrill. The minimum deposit with the broker starts from $1 000.
- ClickTrades does not impose any deposit fees. However, if the deposit is made in a currency that differs from one of the investment account, there may be additional commissions or charges associated with currency conversion.
- To open a withdrawal request, traders should follow ClickTrades login to account using credentials, then click on the “Withdraw funds” button and follow the steps.
- However, when talking about the ClickTrades withdrawal process, we cannot overlook the fact that there are many negative reviews regarding the withdrawal. Often, traders indicate that they are unable to process the withdrawal and simply lose their investments and profits.
Account Types
With ClickTrades clients can choose from three account types, that offer different trading conditions and features to traders: Essential, Original, and Signature account types. The minimum deposit for Essential account types starts from $1 000. ClickTrades recommends it, especially for beginner traders. For Original accounts, the deposit starts from $5 000 and $25 000 for Signature accounts.
- The broker charges $30 monthly inactivity fees for accounts that did not place trades during the last 90 days.
ClickTrades Review Conclusion
Based on the information we have gathered about ClickTrades, it is evident that the broker's reliability and trustworthiness are questionable. Despite the attractive features and offerings it presents, the fact that it is registered in an offshore zone is already a huge red flag.
Instead, it is always recommended to select a broker that has established a solid reputation through years of reliable operation and offers excellent trading conditions. By choosing a broker with one of the top-tier licenses (FCA, ASIC, or CySEC), traders will ensure risk-free trading and favorable opportunities. We also recommend considering one of these tightly regulated brokers - Go Markets, HFM, and BlackBull Markets.
- Overall ranking and experience for ClickTrades is Negative
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They are fruad people .i lost 80k $ during my trade .even they will not allow you to withdrawal and making excuses. Corrupt and bad manners support team .bad behavior with customers if they won .strongly recommend to dont trade with them .
,, this company is totally fraud,, even though after reading bad review I invested my money as they convince me saying other companies investing money for advertising and put bad reviews Abt us. All they need you invest and after you become greedy with small profit ,,I invested only 1100 AED after making small profit 2/3 time they ask me we can make big money with big investment,, and I am fool after I invested 5k AED,,1st day 7 times profit in tech100 and only 1 trades took all profit and put me into minus ,,, how the hell people experience for 9 years doesn’t know,,, after loosing all money plus bonus amount I realized this all are game and fraud,, they are like mafia with big offc.