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. 
About ClickTrades
🏢 Registered inSeychelles
🗺️ Type of LicenseOffshore
🛡️ Is ClickTrades safe to trade?No
🗺️ Recommended LicensesFCA in the UK 🇬🇧 and ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP 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 a vast number of negative reviews. Feedback and reviews from the 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, trader 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). 
  • 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.
RankingClick TradesTrading 212Go Markets
Our Ranking⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐
Is Broker safe? NoYesYes
AdvantagesNoneTrading PlatformsTrading 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 the one of the investment account, there may be additional commissions or charges associated with currency conversion.
  • To open a withdrawal request, traders should log into their accounts using their 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 (FCAASIC, 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

No news available.

One response to “ClickTrades”

  1. ,, 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.

Leave a Reply

Your email address will not be published.

* code