ClickTrades is a prominent online broker offering various features, competitive spreads, and an extensive range of tradable assets. This review will uncover the key features, its pros and cons and more. Learn if ClickTrades is the right broker for you.
Overview of ClickTrades
ClickTrades allows you to trade online with ease. You can access over 2100 assets, such as Forex, bonds, commodities, indices, shares, and ETFs. It doesn’t matter if you’re a beginner or an experienced investor – ClickTrades has a user-friendly platform for everyone.
Understanding and trading in financial markets is made simple with ClickTrades. Whether you’re just starting or have experience, the platform will be handy.
Pros and Cons of Trading with ClicksTrade
Pros and Cons will help you take a closer look at the broker. You can analyze them and decide whether the broker lacks your required features.
Pros
- Easy Transactions: With multiple secure deposit methods, clickTrades makes your transactions hassle-free.
- Clear Fees: While the fees are slightly higher, ClickTrades ensures transparency, so you won’t face unexpected charges.
- Wide Range of Assets: ClickTrades offers a variety of tradable assets, including cryptocurrencies and commodities, broadening your investment options.
- Educational Support: Access user-friendly tools, market updates, and personalised educational materials tailored to your trading needs.
- Intuitive Platform: ClickTrades’ WebTrader platform is designed with simplicity, making it accessible on your computer or mobile device.
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Cons
- Exercise Caution with Leverage: Avoid using leverage since it involves higher risks. Understand and adapt risk management skills to practice risk-free trading.
Secure and Efficient Transactions
ClickTrades offers various deposit methods, including VISA, MasterCard, Maestro, Neteller, and Skrill, ensuring trader convenience.
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The platform’s emphasis on payment security helps instil confidence in traders. The streamlined withdrawals and deposits make the transaction easy and maintain efficiency.
| Pros | Cons |
| ClickTrades offers multiple secure deposit options, ensuring convenient transactions. | ClickTrades could expand cryptocurrency payment methods for greater diversity. |
| The transaction is done according to industry standard protocol | Some traders might find the withdrawal processing time longer than instant withdrawals on other platforms like TradeEU. |
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Transparent Fee Structure
At ClickTrades, you can be confident about our fee transparency. While the fees may be higher compared to some competitors, it ensures clarity.
If you prefer more budget-friendly options, brokers like Trade245 is an apt choice. With ClickTrades, the fees you encounter, such as spreads, commissions, and overnight fees, vary based on your chosen assets. Now you can make well-informed decisions as per your needs.
| Pros | Cons |
| Fees vary depending on the asset type, allowing traders to choose assets with lower associated fees. | ClickTrades’ fees might be slightly higher than competitors. |
| ClickTrades provides detailed fee breakdowns, ensuring transparency and informed decision-making. |
Diverse Trading Options
ClickTrades presents a diverse array of tradable assets, spanning Bonds, Forex, Crypto, Commodities, Shares, Indices, and ETFs. For cryptocurrency options the broker offers Ethereum, DASH, Litecoin, Ripple, and Bitcoin.
Additionally, the platform provides commodity trading in gold, oil, and silver, broadening client trading horizons.
| Pros | Cons |
| The platforms offers a wide range of trading options | Diverse options come with varying levels of volatility, requiring you to assess risks carefully before investing |
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Leverage Caution
While ClickTrades offers leverage on various assets, traders must exercise caution. Leverage presents the potential for amplified returns but entails higher risks. A balanced understanding of potential gains versus risks is vital for successful trading.
| Pros | Cons |
| ClickTrades offers leverage options, allowing traders to adjust their positions. | Leverage increases gains and losses, making traders need to exercise caution. You must adapt risk management strategies to handle leverage |
| Novice traders might find it challenging to manage leverage effectively. |
Intuitive WebTrader Platform
ClickTrades’ WebTrader platform boasts user-friendliness, enabling seamless market connectivity. Compatible with desktop and mobile devices (supporting Android and iOS), WebTrader ensures accessibility anytime, anywhere.
Traders benefit from complimentary access to Trading Central, enabling them to seek expert recommendations and refine their trading strategies.
| Pros | Cons |
| ClickTrades’ WebTrader platform is designed for ease of use. | Lacks advanced tools, and has limited customization options |
| The platform is compatible with desktop and mobile devices. |
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Empowering Traders Through Education
ClickTrades provides a wealth of trading tools, including technical analysis resources, market news updates, and economic calendars, aiding informed decision-making.
The platform’s commitment to education is evident through webinars, tutorials, and informative articles, empowering traders to enhance their skills.
Educational resources are tailored to the customer’s account type, ensuring relevance and effectiveness. ClickTrades’ partnership with Trading Central further enhances its appeal, offering a robust tool trusted by experienced traders.
Conclusion
In summary, ClickTrades offers a comprehensive trading experience, accommodating traders of varied expertise. Its transparent fee structure, diverse tradable assets, user-friendly platform, and educational resources make it attractive.
As in any trading endeavour, thorough research, caution, and continuous learning are key. Explore ClickTrades today and embark on your trading journey with confidence.
