About ClickTrades
Overview
ClickTrades is a Seychelles-based online trading broker established in 2019, operating under the legal entity KW Investments Limited. The company markets itself as a multi-asset brokerage offering a wide range of financial instruments, including Forex, shares, commodities, indices, bonds, ETFs, and cryptocurrencies. Despite being registered in Seychelles and holding a license from the Financial Services Authority (FSA), the firm is considered unregulated by major financial authorities, which is a critical factor for traders to consider.
Regulation and Safety
ClickTrades is regulated by the Seychelles Financial Services Authority (FSA) under a Derivatives Trading License (EP), with the status noted as 'Offshore Regulation.' This license does not provide the same level of investor protection as Tier-1 regulators like the FCA or CySEC. The company's registration in Seychelles and lack of oversight from top-tier authorities means that client funds are not covered by compensation schemes such as the Financial Services Compensation Scheme (FSCS). Traders are advised to exercise caution and conduct thorough due diligence before engaging with the broker.
Trading Platforms
ClickTrades offers two trading platforms: the proprietary WebTrader and the widely used MetaTrader 5 (MT5). The WebTrader is designed for simplicity and accessibility, allowing traders to operate directly from a web browser without downloading software. MT5, on the other hand, provides advanced charting tools, automated trading capabilities, and a customizable interface, making it suitable for both beginners and experienced traders. Both platforms support the full range of instruments offered by the broker.
Trading Instruments
The broker claims to provide access to a diverse selection of financial markets, including over 250 instruments across forex, shares, commodities, indices, bonds, ETFs, and cryptocurrencies. This variety allows traders to diversify their portfolios and explore different asset classes. However, specific details on spreads, leverage, and contract sizes are not publicly disclosed, which may be a drawback for traders seeking transparency.
Account Types and Funding
Information on account types, minimum deposit requirements, and funding methods is not clearly specified on the company's website. Based on user reviews, deposits and withdrawals are processed, but some clients have reported delays and difficulties. Potential traders should contact the broker directly for account-specific details and funding options before opening an account.
Customer Support
ClickTrades offers customer support via live chat, email, and phone. User reviews are mixed: some praise the support team for being responsive and helpful, while others complain about rude agents and ignored inquiries. The broker also assigns personal account representatives to clients, which some users find beneficial, while others view as a pressure tactic to increase deposits.
Overview compiled by FXCanary from regulatory records and public data. full ClickTrades review