7 Alarming Red Flags: Why ClickTrades Might Not Be the Broker You Hope
7 Alarming Red Flags: Why ClickTrades Might Not Be the Broker You Hope
ClickTrades brands itself as a modern multi-asset forex/CFD broker offering WebTrader and MT5 platforms, dozens of currency pairs, cryptocurrencies, indices and more. On the surface this looks positive: lots of options, multiple instruments, online presence. But digging deeper reveals many serious concerns that suggest the risk is higher than many users realise. Below are seven alarming red flags you must know before trusting ClickTrades with your capital.
1) Regulation is offshore and weaker than top-tier standards
ClickTrades is regulated by the Seychelles Financial Services Authority under license number SD020. While being regulated is better than none, Seychelles is widely considered a weaker or “offshore” jurisdiction. Enforcement, legal protection, and regulatory oversight in Seychelles are not as strong as what you’d get with FCA (UK), ASIC (Australia), CySEC (EU), or other top regulators. Several review sites note that this regulatory setup exposes clients to higher risk of unfair practices going unpunished. (Sources: ForexPeaceArmy, BrokersView)
2) Very high minimum deposits limit access and conceal risk
The minimum deposit to open a live account with ClickTrades is reported at USD 1,000 for the lowest “Essential” account. Higher-tier accounts require even more (e.g. “Original” at USD 5,000; “Signature” at USD 25,000 in some reports). This level of entry is very steep for many traders, especially when combined with other cost and risk concerns. Brokers with lower deposit thresholds often allow you to test service and withdrawals before risking large sums.
3) User reviews are overwhelmingly negative on support, withdrawals, and pressure to deposit
On Trustpilot, the majority of ClickTrades reviews are 1-star. Many users complain that their account or profits cannot be withdrawn, that support becomes unresponsive, or pressure is applied to deposit more. Some report being contacted repeatedly by account representatives who push them to deposit more funds. Also, complaints include that trades are closed without warnings, “margin call” levels are confusing, or positions taken seem to favor the broker during loss periods.
4) Safety, trust, and risk scores are low
Broker rating sites such as TradersUnion give ClickTrades a “safety score” around 4.7/10, categorising its security level as “Low.” WikiFX and similar platforms flag risk warnings, unclear withdrawal procedures, and poor transparency on payment or execution details. These low scores indicate consistent concerns among many users and reviewers.
5) Spreads, fees, and trading costs likely worse under real conditions
While ClickTrades claims competitive conditions in some places, many reviews say that spreads widen significantly during volatile periods, that slippage is common, and that trading costs (commissions, swap/overnight fees, inactivity fees) are higher than what was advertised. Some also say that while there is “fixed spread” marketing, actual spreads are not fixed, or are worse for certain assets or account types.
6) Account classifications and opaque terms give broker high discretion
ClickTrades’ terms and conditions include clauses that give them a lot of discretion. For example: definitions of “inactive accounts,” policies on margin, what counts as “abusive trading,” or “market abuse.” Also “account under review” or “verification” steps are reported to be used as reasons to delay or block withdrawal. Because the regulation in Seychelles is weaker, these discretionary clauses can be more risky for the trader. Users report that once account size or profit becomes significant, more friction appears.
7) Reputation is mixed, with serious warnings by watchdogs and frequent complaints
Watchdog and broker-review sites repeatedly warn about ClickTrades. WikiFX has risk warnings; BrokersView notes “clone firm” allegations in some jurisdictions; many reviews cite withdrawal difficulties and misleading promises. Several users report losing all their capital after aggressive upselling, pressured trades, or bad advice from account representatives. While not every user has a bad experience, the pattern is strong—positive reviews tend to be from small depositors or modest expectations, negative ones from those who try to scale up or withdraw profits.
Conclusion: Final Verdict on ClickTrades
ClickTrades is a broker with many active features: multiple asset classes, WebTrader + MT5 platforms, dozens of currency pairs, stocks, cryptos etc. On paper, its offering looks modern, slightly premium, and capable. But the totality of public user feedback, regulatory classification, deposit requirements, and opaque fees suggests that ClickTrades carries significant risk—especially for traders who expect transparency, strong legal protections, or who want to withdraw profits reliably.
The offshore regulation under Seychelles FSA (license SD020) is better than nothing, but much weaker than what many experienced traders would accept. Enforcement is more limited, legal recourse harder, and regulation standards are less strict. For those in countries where local regulation is strong, the lack of top-tier oversight is a notable disadvantage. Also, when regulation is weak, discretionary terms in the client agreement tend to favor the broker, and users have less leverage if things go wrong.
A high minimum deposit (USD 1,000 or more) combined with aggressive account classification structures means many users are forced to commit large sums upfront. That increases financial exposure immediately. If trading conditions, profit withdrawal mechanisms or spread behavior deviate from best-case marketing, losses accumulate faster and recourse is harder.
User reviews are a big warning. Multiple reports of withheld or delayed withdrawals, unresponsive support, misleading behavior from account reps, or pressure to deposit more funds all suggest practices that many cautionary reviews classify as red flags. The consistency of these complaints across different review platforms means these are not isolated. For trustworthy brokers, you want far fewer such complaints relative to total user base. That is not what the data suggests for ClickTrades.
Spreads and costs appear reasonable in calm conditions for some users, but many say those advantages evaporate during volatility, high demand, or with larger trade sizes. Hidden or unclear commissions, swap charges, or inactivity fees worsen the reality. Traders who base decisions on promotional “lowest spread” figures without testing real trading conditions often feel misled once live.
Given all this, if I were deciding whether to use ClickTrades, I would only proceed if I could do so with very small capital, able to test deposit and withdrawal paths with modest sums, and carefully monitor trade execution, cost, and support responsiveness. I would treat promises such as “fixed spread”, “no withdrawal fees”, or fast account service as conditional — verify them in practice. And I’d avoid trusting any account representative or manager claims until confirmed.
In conclusion: ClickTrades is not clearly a scam, but it is far from being a fully reliable, safe broker — certainly not a premium one for risk-averse or large-capital traders. It may be acceptable for experimental or small-scale trading, but for serious amounts or for traders who prioritize safety, predictability, and legal recourse, there are stronger brokers available. If you choose to use ClickTrades, do so with caution, limit your exposure, thoroughly read and understand all legal documents (especially terms related to withdrawal, verification, account becoming inactive, “market abuse”, margin, etc.), and document your experience. Safety comes from verification, not just promises.
