ClickTrades

In the vast sea of online brokerage services, ClickTrades appeared as a beacon of promise, but unfortunately, it's simply a mirage disguising a perilous trap. Enticed by their glitzy operation, I took the bait. The result? A loss of over $30,000 due to an underhanded tactic, the undisclosed increase of leverage, which ballooned the scale of my losses. Regulation is something most traders trust as a safety blanket. Yet, I was astounded to find that ClickTrades operates under a perfunctory regulation from Seychelles. A bit of research shockingly revealed that the Seychelles regulatory framework is far too lenient, encompassing virtually any entity, inevitably diminishing its credibility. The warning is clear - tread these waters with extreme caution, if at all. I strongly advise you to steer clear of ClickTrades. However, if you too have found yourself ensnared in this twisted web, initiating legal action might be the only thing left to do. Beyond the leverage pitfall, the SwaP feature is a downer. Daily closure becomes a recurrent nightmare, and you get offsetted practically every time. To add salt to the wound, every withdrawal is accompanied by a steep $25 charge. In my experience, this attributes to a decidedly substandard broker-service. With an unfortunate tryst under my belt, I reiterate my caveat: Stay away from this appalling broker! Disguised as a professional platform, they behave more like an unregulated bucket shop or an outright scam. The deception deepens with assertions of stopping positions due to bid/ask spread. Moreover, the so-called ‘bonuses’ they offer only exacerbate your losses due to increased leverage. There’s a startling 25-min difference from market highs and the actual liquidation of a position. To top it all off, their customer service is as good as non-existent, confirming ClickTrades as the embodiment of a dreadful brokerage experience. Regrettably, I learned this the hard way. I hope my experience serves as a beacon to direct others away from this ill-conceived operation.

Being enticed by the alluring world of online trading, I found myself entangled with ClickTrades. To my dismay, their offering of high leverage trading was nothing less than a disguised danger, a lesson learned the hard way when I lost over 30 K. Their process, providing a thrill with every trade, usually comes bundled with concealed threats that they conveniently omit to warn you about. As traders, we look for regulated platforms for a sense of security and transparency. I placed my trust in ClickTrades since they are regulated by Seychelles authorities. Later on, I discovered that this regulator seems to lack the stringent criteria to ensure a platform's credibility, as it apparently allows almost anyone to acquire a license. This raises a major red flag suggesting that regulation alone doesn’t imply trustworthiness. Their Swap system, arguably one of their worst features, led me to termination points even before the daily closure. This poorly calibrated system, entailing a disproportionate $25 withdrawal fee, further impairs your profitability. Their failure in providing a balanced, risk-adjusted trading system exposes them as a suspicious and untrustworthy broker. I have come to perceive ClickTrades as a cataclysm for investors. Considered as a poor broker, or perhaps more accurately, a 'bucket shop' or even a 'scam,' they relentlessly side-step once you find yourself in a precarious position. A clear instance is when I was curtly stopped out due to the bid/ask spread, a manipulative tactic not uncommon for such brokers. They also cleverly use 'bonuses' that increase your leverage, masking the hidden risks whilst projecting an attractive image. Adding insult to injury, the discrepancy between market highs and liquidated position was a shocking 25 min stop, further highlighting their illegitimate practices. Dishearteningly enough, their customer service repertoire is just as flawed, with little to no assistance offered to salvage from these situations. My parting advice, steer clear of ClickTrades. If unfortunately, you're stuck in their manipulative claws as I was, I recommend starting legal proceedings right away. It's high time to expose their illegitimate practices and demand fairness and transparency for all traders.