The competition in the online brokerage industry continues to grow and plenty of new companies had emerged during the past few years. It is the case with Clicktrades, a CFD broker which offers access to more than 2,100 trading instruments across a wide range of markets.
Even though there are plenty of Clicktrades reviews on the web, we would like to talk about some of their most important features, so traders looking for a new broker can asset whether this offer is the right for them.
One of the factors differentiating Clicktrades from most of the brokers is the web-based proprietary platform, compatible with any device and operating system, given that it does not require any installation. The platform does not resemble any other trading software currently in existence, but that does not mean there are no minor flaws.
Since we’re talking about web-based software, the ability to use automated trading software is limited. Also, the set of features is fixed and can no longer be modified. On the positive side, though, Clicktrades had integrated the Trading Central, a popular technical analysis tool, that comes separate at most of the other brokers.
Among the Clicktrades trading instruments, traders will find forex, bonds, commodities, indices, shares, ETFs, and cryptocurrencies. Speaking of currency trading, Clicktrades covers a wide range of pairs, major, minor, and exotic, most of them with a fixed spread. The maximum leverage available is 1:300, but traders must bear in mind that it does not apply to all currency pairs.
Clicktrades managed to keep pace with the market developments and had included contracts based on the most important cryptocurrencies. Bitcoin Futures, Bitcoin Cash, Dash, Ethereum, Litecoin, and Ripple are the contracts available for trading at Clicktrades. Given the low trust, most of the altcoins have, it’s good to see the broker decided to focus on the top cryptocurrencies by market cap. The maximum leverage is 1:2 and there are overnight swaps to take into account, as well.
At the present time, there are three different account types: Essential, Original, and Signature. The minimum deposit required for each account increases, but so does the features pack. Full access to a video library, daily analyst recommendations, Trading Central, and daily market reviews are just a few of them.
Based on our research, we did not find any compromising proof about Clicktrades. Although it is not the perfect broker, the company provides a series of interesting trading features that might benefit traders.
The materials contained on this document are not made by Clicktrades but by an independent third party and should not in any way be construed, either explicitly or implicitly, directly or indirectly, as investment advice, recommendation or suggestion of an investment strategy with respect to a financial instrument, in any manner whatsoever. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70%-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.