Independent rating of Forex broker ClickTrade

About company

Established in 2016, ClickTrade is part of the Spanish main company - iBroker Global Markets SV, SA. ClickTrade has been offering financial services since 2008. The main goal of the company as an intermediary to provide clients with safe and transparent trading conditions in the financial markets. All accounts where the broker keeps clients' money belong to iBroker Global Markets. The company complies with the rules established by Royal Legislative Decree 4/2015 on October 23. iBroker Global Markets Sociedad de Valores, SA is regulated and controlled by the National Securities Market Commission (CNMV) and added in the register of legal entities under number 260. The broker's main office is located in Madrid.

Trading conditions

ClickTrade offers clients the following instruments: local stocks, options, futures, currencies, indexes, and commodities. The broker does not set special requirements for an initial deposit. Investors can try their hand at a demo account. There is one type of a live account. There are no details about leverage on the broker's website. It may be available only for registered users. The company’s website also has a separate section with training materials. ClickTrade conducts free forex and technical analysis seminars. The broker has a blog with up-to-date information from the world of finance. There is no information about bonuses and contests.

Trading platform

ClickTrade offers its clients its own software for trading derivatives and stocks, as well as a mobile trading platform. MT4 is not available.

Support service

You can contact the broker's support service via live chat, email, and phone on weekdays from 08.00 to 22.00.

Deposit and withdrawal

Clients can top up their trading accounts only by a wire transfer or debit, credit cards.

Traders’ reviews

Unfortunately, ClickTrade's reputation can hardly be called impeccable. Most of the reviews about the broker are negative. Traders complain that they were deceived. The broker drained their deposits and did not allow them to withdraw funds. Naturally, these accusations have no proof which makes it difficult to make a conclusion about the broker. However, an abundance of negative comments always casts a shadow on the company's reputation.

Advantages:

• experienced regulated broker
• wide array of trading instruments
• competitive spreads

Disadvantages:

• no information on minimum deposit
• lack of МТ4
• hidden transaction fees
• limited ways to withdraw/deposit funds

Conclusion

The ClickTrade trademark is owned by iBroker Global Markets SV, SA. This is a Spanish broker regulated by the National Securities Market Commission (CNMV). In addition, Spain is a member of the European Union, which means that the company meets the MiFID standards. The broker's website is available only in Spanish. The support service also speaks only Spanish, which complicates communication. ClickTrade does not appear in reputable ratings, which does not inspire trust among traders, as well as numerous negative reviews. It is recommended to choose a broker with a spotless reputation and pay attention to reviews on the Internet.