What is ClickTrades?
ClickTrades is an online broker that offers a variety of trading platforms and instruments. The company is regulated by the Cyprus Securities and Exchange Commission (CySEC) and is a member of the Investor Compensation Fund (ICF). ClickTrades offers three types of accounts: Mini, Standard, and VIP. The minimum deposit for a Mini account is $250, while the minimum deposit for a Standard account is $2,500. The VIP account requires a minimum deposit of $25,000.
The Different Types of Accounts Offered
There are three main types of accounts offered by ClickTrades: the Standard account, the Professional account, and the VIP account. The Standard account requires a minimum deposit of $500 and gives you access to over 50 assets, including currency pairs, stocks, indices, and commodities. The Professional account requires a minimum deposit of $5,000 and gives you access to all assets offered by ClickTrades, as well as advanced features such as market analysis and signals. The VIP account is available by invitation only and gives you access to all assets offered by ClickTrades, as well as exclusive features such as priority customer support and personalized service.
The Platforms Available on ClickTrades
There are three different platforms available on ClickTrades. The first is the WebTrader, which is a web-based platform that can be accessed from any internet browser. The second is the MetaTrader 4 (MT4), which is a more advanced platform that offers more features and tools for experienced traders. The third platform is the Mobile Trader, which is a mobile-based platform that can be accessed from any smartphone or tablet.
Each of these platforms has its own unique set of features and tools, so it’s important to choose the one that best suits your trading style and needs. For example, if you’re a beginner trader, the WebTrader may be a good option for you because it’s simple and easy to use. However, if you’re an experienced trader who wants access to more sophisticated features and tools, the MT4 may be a better choice. And if you need to trade on the go, the Mobile Trader may be the best option for you.
The Instruments Available for Trading
The instruments available for trading at ClickTrades are Forex, Stocks, Indices, and Commodities. You can trade these instruments via the Web Platform, MetaTrader 4, or Mobile App. All of these platforms are available for both demo and live trading accounts.
The Fees and Charges Applicable
The Fees and Charges Applicable section of the blog ClickTrades – Regulations, Platforms, Instruments & Ratings outlines the different fees that may be associated with using the ClickTrades platform. These include account maintenance fees, inactivity fees, withdrawal fees, and trade commissions.
Account Maintenance Fee: A monthly account maintenance fee of $10 is charged for accounts that have a balance of less than $2,500.
Inactivity Fee: An inactivity fee of $50 is charged for accounts that are inactive for more than 12 months.
Withdrawal Fee: A withdrawal fee of $25 is charged for each withdrawal made from an account.
Trade Commission: A trade commission of $5 is charged for each trade made on the ClickTrades platform.
The Regulatory Bodies Governing ClickTrades
There are multiple regulatory bodies that govern ClickTrades. These regulatory bodies include the National Futures Association (NFA), the Commodity Futures Trading Commission (CFTC), and the Securities and Exchange Commission (SEC).
The NFA is a self-regulatory organization that provides oversight for the futures and derivatives markets. The CFTC is a federal agency that regulates commodity futures and options markets. The SEC is a federal agency that regulates securities markets.
ClickTrades is a member of the NFA and is registered with the CFTC and SEC. ClickTrades is subject to the rules and regulations of these regulatory bodies.
The NFA requires members to maintain certain levels of capital and to follow strict record-keeping and reporting requirements. The CFTC requires members to maintain segregated accounts for customer funds, to post margin, and to comply with position limits. The SEC requires members to register their broker-dealer activities and to file periodic reports on their financial status.
ClickTrades has been in compliance with all applicable rules and regulations set forth by these regulatory bodies. ClickTrades has established policies and procedures designed to ensure compliance with these rules and regulations.
The Ratings Given to ClickTrades by Independent Agencies
ClickTrades has received some very positive ratings from independent agencies. For example, the company has an “A” rating from the Better Business Bureau and is also accredited by the BBB. It has also been rated five stars by Trustpilot.
These ratings show that ClickTrades is a reliable and trustworthy company to do business with. The company is committed to providing its clients with a great experience and offering a wide range of products and services.
Conclusion
When it comes to online trading, there are a lot of options out there. But not all of them are created equal. ClickTrades is a regulated broker that offers a wide range of platforms and instruments, as well as competitive ratings. So if you’re looking for a reliable broker to trade with, ClickTrades is definitely worth considering.