ClickTrades Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of ClickTrades trading signals. You will learn what kinds of trading signals ClickTrades offers and what the conditions for using them are.
Short introduction of ClickTrades
The ClickTrades broker started operating in 2018 and is registered in Cyprus. It provides services throughout most of the world except Japan, Canada, and several other countries. Trading is available on Forex for stocks and bonds, commodities, indices, ETFs, and cryptocurrencies. Spreads are average for the segment, trading is available through the browser and the MT5 terminal. There are three types of accounts and all the main options for depositing and withdrawing funds. The broker also offers an advantageous referral program.
| 💰 Account currency: | USD and other popular currencies |
| 🚀 Minimum deposit: | 1,000 USD |
| ⚖️ Leverage: | up to 1:300 |
| 💱 Spread: | from 0.0001 (depends on the asset) |
| 🔧 Instruments: | Forex, stocks, bonds, commodities, indices, ETFs, and cryptocurrencies |
| 💹 Margin Call / Stop Out: | N/A |
ClickTrades Pros and Cons
👍 Advantages of trading with ClickTrades:
•7 categories and over 2,100 instruments, including hundreds of the most popular stocks, commodities, and cryptocurrencies.
•ClickTrades WebTrader trading terminal is available in the browser and as an application for mobile gadgets.
•The terminal displays up to 10 charts simultaneously, and there are stop loss and take profit functions.
•The Trade Center provides third-party tools for technical analysis that can be integrated into the terminal.
•ClickTrades is licensed by the FSA (SD020), the international financial regulator.
•The broker provides an economic calendar, news feed, and up-to-date analytics.
•Each client has a dedicated technical support specialist (availability depends on account type).
👎 Disadvantages of ClickTrades:
•Fairly high minimum deposit of $1,000.
•The broker has a demo account, but no cent (micro) accounts.
•At the start, the leverage is only 1:2, and it is difficult to get the declared 1:300.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
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Copy trading.
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Email alerts.
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Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
ClickTrades Trading Signals
ClickTrades charges a spread for each trade, and there are commission fees for the exchange (buy/sell). Spreads and commissions differ for each group of instruments and for each specific instrument. Let’s say for Forex EUR/USD the minimum spread is 0.0001 pips and the commission is -0.0111% to buy and -0.0056% to sell. Commissions for all transactions are fixed, but the spread is floating and differs for each transaction. The broker has no commissions for depositing funds (they may be charged by third-party services, however), but there are commissions for withdrawing.
| Account type | Spread (minimum value) | Withdrawal commission |
| Essential | from $12 | Yes |
| Original | from $7 | Yes |
| Signature | from $4 | Yes |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that ClickTrades does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.
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FAQs
How are the signals provided via a newsletter?
A trader regularly receives trading signals to his/her email or personal messages in the account. As a rule, they are provided in the form of a report with screenshots of technical analysis.
In which form can signals be provided?
Signals can be provided as copy trading, newsletters, alerts, blog articles, etc.
Can I test signals on a demo account?
If you mean copy trading, it depends on the broker. If the signals are provided as a newsletter or notification, you can decide where and how to test them yourself.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.