ClickTrade Review

MIN. DEPOSIT
0 Users (0 votes)
Odds0
Services0
Support0

Overview

Company Information Clicktrade is one of the most famous Spanish online trading brokers. Created in 2007 Clicktrade counts as one of the new names in the industry. It gained popularity… more

Read Full Review

Details

BrokerClickTrade
Website URLhttps://www.clicktrade.es/
Free Demo Account No
US Traders Allowed No

Full Review

Company Information

Clicktrade is one of the most famous Spanish online trading brokers. Created in 2007 Clicktrade counts as one of the new names in the industry. It gained popularity in Spain quickly with an easy to use platform and all the licenses needed for the industry. The online broker is regulated by the Spanish Securities Market Commission which is a sign of the company’s intention to keep things honest and according to the law. Their headquarters are located in Madrid and they have the physical address posted on their site which is nice. One thing that the site lacks and is in a need for, is international presence. The company has decided that they want to keep their business domestic and haven’t made any attempts to earn international clients. US players are not allowed to register on the platform, but people from other countries can make an account (as long as they understand the Spanish language). Let’s see what this exclusively Spanish trader has to offer.

 

Trading Information

The side does offer a demo account for beginner traders to get acquainted with the trading process. Clicktrade has 3 major Forex spreads. The first one is 1.7 pips for EUR/USD, the second 4 pips for GBP/USD and the last one 3 pips for USD/JPY. The site offers the demo account option for beginners which expires in 20 days. The platform offers almost every trading option except Limit orders and OCO orders. You have mobile trading, scalping, hedging, stop orders and trailing stops. You can also take advantage of the market order, one-click-trading, charting package and trading off charts. Maximum leverage is set to 0:1 and maximum transaction is 1 unit. There are 3 options for Asset Types: Forex, Stocks, and Commodities. Features like streaming news feeds and email alerts are also present. Something to be considered when you are trading with this broker are the commission fees. While they are not that big, they are still present. For CFDs you have 0.4-0.1% fees. For futures you have to pay $4.5/contract and for Options you have $0.5/side.

 

Trading Platforms

Trading platforms used by Clicktrade are the trustworthy Metatrader4  and their own ClickGlobal. For mobile they use the already established MetaTrader Mobile platform. As you can see the company has put their trust in already tested and working software. Their own developed Clickglobal platform is also something that needs recognition. It looks much better than the Metatrader4 but it does lack the functions and flexibility that the latter one offers. This being said the company offers all the needed tools and features that a modern trader needs. Even if their own platform is still falling behind, problems can be solved quickly by their technical team, and it does show signs of developing further. There’s not much else to be said about the platforms. The company is betting on already tested software while still developing their own. It is a strategy used by many in the industry and has proven its effectiveness  throughout the years.

 

Security and Customer Services

There is a lot to be desired from Clicktrade when things come to customer support. As we already mentioned in our review, the site offers only Spanish as a supported language which can count as a big minus in a nowadays online trader. They also don’t offer 24/7 customer support which is a standard in a modern platform. They have a phone number and fax on their contacts page which is helpful for people who like to contact them directly. The “Call back” option is also available if you can’t reach them on your first try. An email address is also made available. All in all the customer support does need improvement. There are already many traders that offer much better features and a lot more options to contact their customer support. Maybe their regular customer could encourage them to implement it in the future.

 

Deposits and Withdraws

Deposit methods are not many and the lack of the e-wallets deposit options is somewhat surprising. Only the major banking methods are available, credit/debit cards and bank wire. Minimum deposit however is set pretty low – $1. There are some deposit and withdraw fees but they are not that much. For every deposit or withdrawal you have a $1 fee. Nothing is out of the ordinary here despite the lack of more banking methods. They could offer much more options in the future but for now these are enough for their customers as it seems.

 

Deposit Bonus and Loyalty Programs

There are no current bonuses for first deposit or playing regularly on the site. However, this is not a big letdown because many other traders don’t offer such bonus or loyalty offers. In fact, the lack of such bonus offers means that the site has enough popularity without them, which can be counted as a plus.

Open an Account
What people say... Leave your rating
Sort by:

Be the first to leave a review.

User Avatar
{{{review.rating_comment | nl2br}}}

Show more
{{ pageNumber+1 }}
Leave your rating