iclickntrade review

Note: iClickNTrade has discontinued it's trading services. The broker's website is redirecting to Fortress Capital.

With offices in United States and Australia, iClickNTrade doesn’t accept US traders for some reason, which is rather peculiar. iClickNTrade has been in the industry since 2011 and is an official introducing broker for ILQ Australia. The broker claims to provide optimal trading experience with most up time when it comes to trading execution.

Trading Conditions

iClickNTrade swears by no-requotes and accepting all types of trading strategies and systems. The broker also mentions “deep liquidity” with over 10 banks. Unfortunately we were unable to find a review of the banks iClickNTrade is partnered with.

iClickNTrade provides NDD No Dealing Desk Trade Execution, meaning that there shouldn’t be any interference with your trades.  

Minimum position size is 0.01 lot. Spreads are variable with minimum spreads on majors starting from 0.8 pips. Scalping and hedging is allowed. Leverage up to 1:500 is available for forex trading.

The quotes come with 4 digits after the dot. Margin call is at 80% while stop-out level is set to 50%. There are overall 55 currency pairs to choose from.

Trading Platform

MetaTrader 4

Not surprisingly and as most forex brokers today, iClickNTrade brings you the latest of MetaTrader 4, one of the most popular trading platform on the market at the moment.

With MT4, you have access to wide range of charting tools and features, build-in programming language (it’s called MQL4 and is for computer savvy traders who wish to write their own indicators), trading strategies, built-in indicators (for all of us who cannot program!) and many other attractive features, which make your trading experience professional, precise and profitable.

The interface of MetaTrader 4 is quite user-friendly, although it is suggested to use demo account to get a hold of it if you are a complete newbie. For traders on the go, mobile version of the platform is available for your smartphones and tablets.

Payment Methods

You don’t have a lot of choices to review with this broker. There are only two ways to deposit and withdraw the funds and it is via Credit Cards and Wire Transfer. Minimum deposit size is $500, which is above average compared to similar brokers on the market.

Customer Support

The broker lists its email, physical address and phone number on the site. 

 

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