About the company
As the forex market is in a continuous change, traders around the world are looking for brokerage companies that come with new and innovative solutions for trading. Clicktrades is one of the brokers that come with a unique approach to trading and that is why we want to discuss their offer.
Owened by KW Investments Limited, the company offers CFD trading services for ETFs, forex, bonds, indices, shares, cryptocurrencies and commodities. We’ll focus mainly on forex trading in our material.
Forex Trading
Forex traders will have plenty of currency pairs to trade. The Clicktrades forex trading offer has more than 50 pairs, divided by the company in four different categories: primary, majors, minors, and exotic. Trading conditions for primary and major pairs are mostly in line with what other brokerage companies are offering. Spreads are decent and leverage up to 200:1.
Trading Tools
One of the most important aspects that differentiate Clicktrades from the competition is the proprietary web-based platform. The company wanted to rely on a unique software solution and this may be a positive or a negative, depending on what each trader desires. In terms of the platform functionalities, it offers most of the features available on MT4 or MT5. Multiple charts types and time frames, dozens of indicators, drawing tools, and others.
Alt-text: Clicktrades trading platform
In addition to that, it has a “Trending Now” section with most of the popular trading instruments, and an “Alerts” section which enables traders to add price alerts. This will save time since you won’t have to watch the market constantly and you will get notified when the market researches a particular level.
Traders who want to choose the Clicktrades forex trading offer can choose between Essential, Original, and Signature accounts. Not a very diversified offer and the $1,000 deposit for the basic account (Essential) might be viewed as high by some traders. For Original and Signature account holders, Clicktrades offers open access to research, special trading conditions, and one of the most important tools – the Trading Central.
Developed by an award-winning company specialized in market analytics and research, the Trading Central feature is built into the platform and is aimed to optimize your trading sessions. It is developed by a brand that has supported investment decisions since 1999.
Summary
Clicktrades is a company that comes with a different forex trading offer and depending on what each trader expects from his broker, this could be a reliable option to choose. Trading conditions are mostly in line with what other brokers offer, with a few different tools and functionalities that can make a difference.
RISK WARNING: Trading Forex and CFDs is highly speculative, involves significant risk of loss and is not suitable for all investors.
