February 11th, 2020 | Updated on June 17th, 2020
I’ve been trading CFDs with Clicktrades for the past 9 months and because now I have some insight into what the company offers, it would be great to share with you my experience and if it’s worth to trade with this broker.
Variety Of Assets
At first glance, the offer set into place by Clicktrades looks very simple, but after digging a little deeper, things are more complex than you think.
Even though I trade indices, forex and commodities (gold and oil), I appreciate the company for covering bonds, shares, ETFs, and cryptocurrencies, aside from the instruments I trade. With more than 2,100 CFDs, there’s a variety of assets to choose from.
In terms of trading costs, I wanted to work with a broker that has fixed spreads for currencies like Clicktrades. Here I have to mention a little downside: some spreads are wide, especially for instruments that are not popular.
One of the top Clicktrades’ features is the trading platform. The design and all the functionalities are put into place with a lot of background studies. I can use it on any type of device, directly from the browser, without having to install any software.
Even though I started with an Essential account, I switched to a Signature account after 5 months, because I wanted to get access to better spreads and the Trading Central feature.
Other brokers had included this technical analysis tool in their offer, but few have integrated it into the platform.
I find it very useful, but I must admit Clicktrades should take some measures to enable all clients to use it. Right now, only Signature account holders have access to the Clicktrades Trading Central and I don’t think it’s fair for other clients.
Speaking of their customer service, I see representatives are active from Monday to Friday. Thankfully, I did not encounter any major issues so far, but each time I had something to ask, someone was available to answer my questions. Overall, the customer service is decent, but a live chat service won’t be something bad at all.
After putting both pros and cons in the balance, I found that it’s worth to continue trading with Clicktrades.
As you’ve seen, there are still some details where the company could make improvements, but so far, I did not find any broker that managed to be perfect. Hope my insights helped you in any way.
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.