Clicktrade App Review

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Marcio

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ClickTrade App is the latest binary options automated software that claims to be able to make its users an average of $1,500 to $5,300 daily. Is this too good to be true? Read our full review here!

ClickTrade App claims to have been founded by John Cross and is powered by software known as Algobitex. Mr. Cross claims that two years ago, he gathered the best market analysts and programmers in the world to create the ‘world’s most advanced auto trading software’. Algobitex is claimed to be so advanced that it can find profitable opportunities and generate a 100% to 250% return on your binary options trades with a 100% guarantee. You can view the entire story about Mr. Cross, Algobitex and ClickTrade App on their promotional video here.

Is this a legitimate advanced auto trading software or just another scam? We give you the answer below.

Basic information:

Cost: Free
Software: 100% Automated
Max Returns: 97.56%
Minimum Deposit: $250
Countries: All nations

  • Free entertainment from watching the laughable promotional video

  • No actual proof provided, just fake claims and testimonials
  • No real information at all provided
  • Unregulated broker

7BO Verdict:

Not Reliable Service

What is ClickTrade App Robot?

As you might have expected, ClickTrade App is nothing but a poorly conceived and poorly executed scam. Firstly, when it comes to trading, binary options or otherwise, there is absolutely no such thing as a 100% guarantee. So right from the beginning, the claims are already unbelievable. Second, the website looks like it was designed by a blind web developer and as for the promotional video, Mr. John Cross (which sounds like the name of a character from an 80s action movie) is quite obviously an actor, and a mediocre one at that, standing in front of a green screen and badly reading out scripted lines in a barely understandable Australian accent. As a matter of fact, his accent is so bad that the scammers even had to subtitle his video; this is not that surprising because John Cross is nothing but a cheap actor from Fiverr, and you can view his profile here.

You might have noticed that they offer a trial version with ‘$250 provided for free’, but make no mistake that $250 is just a fake demo account and you won’t be able to see a dime of that money in real life. Here is what you will see in the ‘trail version’.

How Does It Work?

As is the case with these scam robots with no upfront costs (which is used to entice gullible people), the scammers make their own profit via affiliate commissions when their victims fund their trading account with their partner binary options broker. In our case, we were redirected to Binary Online as our broker, which is, no surprise here, completely unregulated. And while ClickTrade App says that after 90 days they will get their cut by taking 0.5% of your profits, this is just another way to lure in customers and also sets them apart from all the other scam robots which claim to give their systems away for free out of the goodness of their hearts or something of that sort.

If you want to know how their Algobitex algorithm works, that’s like asking how the Tooth Fairy works; they’re both completely made up. It is especially hilarious to see the actor playing John Cross say the words ‘Algobitex knows everything’ as if Algobitex is Skynet or something.

Conclusion

ClickTrade App is one of the most laughable scams we have seen in a while. The scam is so poorly thought out and executed that we wonder whether it is even possible that anyone could fall for it. However, it is worth watching the promotional video strictly for entertainment purposes. Obviously, give this one a miss.

Clicktrade App Review

Clicktrade App Review: Trading Binary Option Robot as a lucrative means of making money online is becoming more complex. The volatile nature of the market keeps rising as the years go by. Nowadays, studying and predicting market trends is a lot harder than it used to be for traders. Trading robots, systems and software are meant to help traders overcome this challenge. Clicktrade app. is among such systems that are continuously being launched into the market. But the more there is options the harder it is to choose right Binary Options Brokers or Binary Options Signals system.

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The fully automated trading software system is created and presented by a certain Mr. John Cross. It is alleged to make huge sums for traders on a daily basis. Mr. Cross claims this is made possible because his ‘advanced system’ is the creation of a combination of the best programmers and market analysts the world has to offer.

The system’s website and its promotional video make so many promises. This article takes a look at the promises to help you decide whether the trading app. is worth your time and money like IQ Option is proven to be.

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    What Is Clicktrade App?

    Clicktrade App. is a binary options auto trading system offered to the market by one Mr. John Cross. According to its website which is cluttered by too many elements, you can try a free version of the software and even get $250 for doing so before you decide on using the real one. This offer sounds like the kind of promises which many trading systems make just to get traders to sign on to their platforms.

    The software which, the website says is given to you for free is also claimed to execute trades automatically on your behalf after generating profitable trading signals. It carries out the trades in your assigned broker’s account directly.

    Clicktrade App Main Promotional Video

    Clicktrade Promises and Features

    The trading system makes so many promises and offers so many features. These are all intended to be the bait that will convince traders into signing up to and using the software for their trading activities. They are all intended to make trading lucrative enough for traders to decide to use the Clicktrade App.

    • You are offered a free trial version of the software. You can use this trial version before deciding to use the real software. In fact, you are even given a free $250 bonus for just deciding to use the trial version of the software.
    • Should you decide to sign up to the software, then you are told that is costs you nothing. It is free while the supply lasts. You are even told on the website that you can begin trading with the free software in just minutes.
    • John Cross the creator of the software and the presenter of its promotional video says it has been in existence since 2020 therefore it has been tested and it is trusted.
    • The software is claimed to use a certain ‘Algobitex’ algorithm. It is claimed to be the smartest algorithm yet. The algorithm is claimed to have the largest and most potent global data analysis system.
    • In the promotional video, Mr. Cross claims that the software can generate between $1500 and $5300 in profits for you on a daily basis. And all this without having to invest anything since the software is free.
    • The website displays the logos of some big, popular and reputable brands under the sign up form field. This is supposed to serve as a mark of trust. There are also some other logos under the video field on the website that are meant to serve the same purpose.
    • Cross claims in the video that the software now has over a thousand members who are all making a minimum of $1500 daily. He goes on to add that the app has even helped some users generate as much as $3500 every single day for quite some time.
    • The website guarantees a 90% accuracy level for the app. This in simple terms means that, for every 100 trades undertaken by the software, a minimum of 90 of them will surely be successful and profitable.
    • The website claims you do not require any trading experience at all to profit with the app. This, the site claims is because the app does everything on your behalf via the single-click, automatic-pilot trading feature.

    Clicktrade App’s Promises and Features: True or False?

    The software makes so many mighty promises and puts forth several giant features. These are all aimed at convincing the trader that it is the most valuable and lucrative platform to sign on to. To verify these promises and features, a thorough research was undertaken and some real facts were uncovered.

    1. Free (or fake) Trial Version

    What the software’s creator did not come out clean to tell users is that there is actually no trial version and no free $250. What the trial offer button led to when clicked during the course of this research was a demo account. The demo account was even a fake. So you will never see the free bonus anywhere in real life.

    2. ‘Free’ is actually ‘Not Free At All’ Most Times

    The website says the software is free for you to use once you sign up. It says you do not need to use your credit card. But what most people do not take note of is that it says, ‘when you sign up’. What that translates to is that you cannot actually use the software from the member’s area after signing up until you pay the initial deposit of $250. So much for the software being ‘Free’!

    Clicktrade App Statistics

    3. Two Unreal Years of Existence

    The ‘supposed’ creator says it took the team of the best programmers and market analysts in the world which he assembled, about two years of hard work to finally perfect the software. His displayed trading account showed the app had been in existence for two years. But a simple look at the app’s website whois by this research discovered that the website was just registered in February, 2020.

    4. The Smartest Non-Existent ‘Algobitex’ Algorithm

    The supposed ‘smartest Algobitex Algorithm’ claimed to be used to make trading lucrative by the software is non-existent. The term seems to have been coined just to impress inexperienced traders. This research went through binary options trading forums, business forums, relevant online resources and even the father of all resources; Google, and nothing like it was found or even heard of.

    5. Unrealistic Daily Trade Profits

    The creator claims in the promotional video that the software can generate profits of between $1500 and $5300 for traders every day. This is a very big exaggeration. Even the current most popular and trusted binary options trading software in the market do not generate that much for traders. The claim is just a bait to lure traders into signing up to the platform.

    Clicktrade App Features

    6. Trust Logos Can Be Fake

    There are logos underneath the sign up form field and the promotional video on the website. They are those of popular and trusted brands. They were put there to create an atmosphere of trust for the software. But this research discovered that all the logos were not clickable. A visit to the website of the brands also showed no sign of any relationship with the app. This means that none of the trust logos could be verified as legitimate.

    7. Members and Their Earnings

    The claim that the software now has over 1000 members each making not less than $1000 on a daily basis is false. Do not forget that this claim and that of those hitting the $3500 daily mark is made for using the app in auto mode. This will never happen in a global financial market that is now so fast-paced and especially the binary options market that is so volatile.

    8. Over-Hyped Accuracy Level

    The 90%+ accuracy level claimed for the app is very unrealistic. Remember that this accuracy level also goes for traders with no trading experience whatsoever according to the website. There is not legitimate, popular, tested and trusted system that has ever given that kind of accuracy level in all the history of binary options trading. The financial markets can hardly be predicted accurately and binary options are very volatile investment tools. So, consistently generating profits by placing only winning trades every time is very impossible for any software.

    9. Limited Quantity of Trial Version

    The website claims that the number of the trial version of the software available for traders is very limited. This is just a trick to create an impression of rush so you can promptly go for your own. But like has been mentioned, it is just a demo account meant to fool you into believing that you are making profits. You then ultimately open an account and pay the initial minimum deposit of $250 only, to lose all of it with just your first few trading activities.

    Clicktrade App Luckiest Customers? Trading is Based on Luck? Besides We Can Not Find Any Traders There

    Mr. John Cross The CEO

    Yes! Our supposed CEO, creator and presenter of the Clicktrade App deserves some special attention. This research went in search of his real identity and luckily it was uncovered. He is just a paid actor that was cheaply hired from a popular micro-job site. He is no CEO and probably does not even know a thing about either software development or binary options trading.

    This might explain his poorly spoken English and the Australian accent with which he speaks. He is an actor that records 50 words for a paltry $5. ‘Mr. John Cross’ has a gig for the script he acted in the promotional video at fiverr. That is the gig page where advertises his ‘genuine video testimonial’ acting skills.

    In addition to speaking poor English, ‘Mr. Cross’ shows himself as the real binary option trading ‘illiterate’ that he is. He also proves that whoever is behind the app is just out to get users to pay the initial deposit. This is because he seems ignorant of even the basics of the trading market. When the presenter began saying that traders can earn from 100% to 25% payouts on every single trade, this research knew he was ignorant of trading basics.

    No broker has ever paid out more than 85% on a single trade in the history of binary options trading. Additionally, no sane broker will pay you more than double of what you invested in just a single trade as, that will amount to ‘business suicide’ for such a broker.

    In Summarizing

    In as much as this research does not want to label Clicktrade App as an outright scam, so many things about the software just seem out of place. Why should any software that claims to be valuable have to employ even unconventional means to try proving that it is legitimate?

    The ‘smartest Algobitex Algorithm’, unverified trust logos, fake endorsements, equally faked testimonials and, unachievable and exaggerated promises and features are just some of the means most scams employ to try proving their legitimacy.

    Unlike legitimate, tested and trusted systems like Option Robot, these scams are always creating baits to rush innocent and inexperienced traders into signing up. Option Robot is very unlike such scams.

    • Option Robot is a binary options auto trading system that has been around for quite some time. It is the value it has been providing for traders that has enabled the software to survive for this long. Its popularity keeps growing among traders within the global binary options trading market.
    • With a functional, user-friendly and easy-to-navigate website, Option Robot provides you with all necessary information that will assist you in deciding to sign up to the valuable system. There is a ton of information concerning the software and how to become a much better binary options trader to be accessed on the website.

      Conclusion

      Option Robot is a binary option auto trading system that is very unlike the Clicktrade App. It explains in clear terms how its algorithms function. It explains all the steps and measures it takes to ensure that the risk level of all investment tools it deals in are lowered and controlled.

      Option Robot which is a much better option as opposed to the Clicktrade App. It is a binary option trading software that will surely advance you both in earnings and binary options trading experience.

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      ClickTrades

      Broker Name: ClickTrades
      Platform(s): FX, CFD, Crypto
      Founded: 2020
      Bonus: First Deposit
      Spreads: Floating
      Leverage: 1:50
      Regulated: No
      Demo Account: Yes
      Minimum Deposit: 1000
      US Traders: Not Accepted

      ClickTrades Review

      ClickTrades is a regulated broker that offers leveraged CFD trading on currencies, cryptocurrencies, indices, metals, and stocks as well as ETFs. The website is owned by Key Way Solutions Ltd and is operated by KW Investments Limited.

      KW Investments Limited is authorized and regulated by the Seychelles Financial Services Authority, license number SD020 and has a listed address at Mahe, Seychelles.

      Key Way Solutions Ltd is registered under number HE388418 and has a listed address at Limassol, Cyprus.

      Editor’s Note: Why ClickTrades Sucks In 50 Words

      Big spreads and huge deposit requirements! At the time of writing, their advertised spread for AUD/USD was 3 pips and EUR/USD had a 2 pip spread. In case you are new to the trading world, you should know that many well-established brokers offer spreads almost 50% lower. On top of this, the lowest account you can open requires a deposit of $1,000. Ouch, ThatSucks!

      Why ClickTrades Doesn’t Suck In 50 Words

      At the end of the day, we are talking about a regulated broker, albeit it’s not the best supervision but it’s better than nothing. Also, the broker is transparent and provides information about their whereabouts and about the companies that you will be dealing with.

      Is ClickTrades A Scam?

      There are brokers who are known scammers and others who are nowhere near a scam suspicion. That’s black and white, but there’s also a grey area where we cannot say for certain if the broker in question is a scam or not.

      I believe ClickTrades falls in this latter grey area category because on one hand, they are regulated but on the other hand, the financial watchdog that supervises them is not one of the most prolific ones. The brokerage is also run by two linked companies – KW Investments Limited and Key Way Solutions Ltd – and this makes things a bit more complicated, especially because only one of the two is regulated. Bottom line is that you should use caution if planning to trade with this broker.

      Should I Open An Account With ClickTrades

      This broker doesn’t offer information about their launch date but their Facebook page was created in August 2020 so we can assume the trading platform was also launched around that same date. The trading platform itself is web-based, which means you won’t have to download or install anything but also that it can be accessed from wherever you have an Internet connection. It is not the best, nor the worst and I would rate it about average in terms of features and functionality.

      Maybe the biggest caveat with this broker is the huge deposit requirement: for the lowest account – dubbed Essential – you will have to come up with $1,000. It’s true that your deposit is still your money that you will use for trading but what if you don’t like their conditions or the way the platform operates in a real market scenario? As a side note: their leverage for crypto on Demo goes as high as 1:50 while on a real account is just 1:2, so keep that in mind and don’t hurry to open an account thinking you will get huge crypto leverage.

      Returning at their account structure, the next tier is called Original and requires a $5,000 deposit, while the top tier account – Signature – will set you back a whopping $25,000. The main perks for opening a Signature account are special trading conditions (but they don’t go into specifics) and access to Trading Central for market research, updates, and general trading suggestions. While that’s great and all, I must tell you that many brokers offer Trading Central access for the lowest accounts ($250 and even lower) so I don’t see why you would open a big-bucks account to get it.

      Overall ClickTrades is not a bad broker but they have enormous deposit requirements, which are not justified by the trading conditions they offer (keep in mind they also have big spreads). Their regulation is not the best you can find and all in all, I believe there are far better broker choices out there, with lower deposits, tighter spreads and supervised by high-profile financial institutions.

      The broker can be contacted at phone: +44 208 08 95 877 and email: [email protected]

      ClickTrades Complaints

      The broker hasn’t been operating for a long while so we couldn’t locate a lot of complaints. In some isolated cases people have complained about being “duped” by ClickTrades, without offering any other details so we cannot give a lot of credibility to those comments without more information.

      ClickTrades Regulatory Warnings And Announcements

      At the time of writing, we couldn’t locate any fine or warning made against ClickTrades by their regulatory body or by any other financial watchdog.

      ClickTrades Bonus

      Although a bonus percentage is not clearly specified on the website, ClickTrades details the procedure for bonus withdrawal in their Terms And Conditions (Bonus Policy). To be able to withdraw the bonus or any profits generated by using the bonus, the Client must generate a trading volume of $10,000 for every $1 of bonus awarded. In other words, if you have received $100 as a bonus, you will have to trade 100 x 10,000, which is $1,000,000. So if you decide to accept a bonus, prepare to trade a lot before you can withdraw. Oh, and by the way, that volume must be reached within 90 days… so you’ll have to trade like a machine.

      The same document states that you will get a $50 bonus for a $250 first time deposit but that contradicts their account structure page which states that the lowest account is $1,000 so I am not sure what the deal is here. Maybe the Bonus Policy document hasn’t been updated. Either way, I think you should speak directly to a ClickTrades representative if you want to accept a bonus.

      ClickTrades Withdrawal

      There’s surprisingly little information about withdrawals on the website. Their FAQ section has this to say: “If you wish to open a withdrawal request, you must log into your account with your credentials. Then click on the “Withdraw funds” button and follow the indicated steps”. OK, so to withdraw I click on “Withdraw” – Thanks ClickTrades, but that’s not helpful at all! What about minimums, processing time, fees? Not important? Well, at least they give some info about the methods by showing the logos of Visa, MasterCard, Maestro, Neteller and Skrill on the website. But that’s about it.

      ClickTrades Extras

      This broker is not really focused on innovative features and most of what they offer can be found on many other websites. That being said, I must note the integration of Trading Central analysis in both written form and as an indicator available directly on the trading platform. The downside of that is the huge deposit required if you want to use said Trading Central analysis: $25,000. Keep in mind that some brokers offer this feature for a $100 deposit or even for free.

      ClickTrades Overall Ratings

      User Friendliness 14/20

      The website is translated in 5 languages and the information is fairly easy to access but some important bits are missing (i.e. withdrawal, bonus info). The platform is straightforward, without too many features that could make it complicated. US traders are not accepted. Demo accounts are available, as well as mobile apps.

      Range Of Markets, Spreads And Leverage 13/20

      The number of tradable assets is huge and all the asset classes are covered: currencies, cryptocurrencies, stocks, indices, commodities, bonds and ETFs. However, the spreads are very wide: 3 USD for AUD/USD. It’s very important to note these are dollars, NOT pips! Leverage is 1:2 for cryptocurrencies and up to 1:50 for other assets.

      Fees And Support 12/20

      There’s no fee to open an account (just like everywhere else) but inactive accounts will be charged a monthly fee of $10. Accounts become inactive after a period of 90 days without activity. Also, a conversion fee of 0.3% will be applied when account base currency is different than the traded instrument. Deposit and withdrawal fees are not specified. Live chat support is not available so the only options are email and phone.

      Deposits And Withdrawals 10/20

      The available methods are credit cards, Skrill, Neteller, and Trustly. There’s no information about minimum withdrawals, processing time, fees or whether wire withdrawals/deposits are available. This lack of information should really be addressed by ClickTrades, hence the low score for this category.

      ClickTrades Extras 11/20

      A very wide selection of assets and access to Trading Central are positive extras, but unfortunately the super high deposit requirement is a negative extra.

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