It might be challenging to find a reliable WELTRADE review locally or globally, particularly when trying to locate a comprehensive list from a reliable reliable source.
WELTRADE is an online trading platform that provides trading opportunities in the FX, metals, and commodity markets to traders worldwide.
The organization is dedicated to providing traders with an exceptional trading environment utilizing top-notch customer service, fourteen years of experience in key international markets, financial awards, quick payouts, and low expenses made possible by robust platforms.
An extensive analysis of WELTRADE is provided below to assist you in making an informed choice before registering for an account or beginning trading on their platform.
Company Overview
| Headquarters | Saint Vincent and the Grenadines |
| Regulators | FSCA |
| Year Established | 2006 |
| Execution Type(s) | Market Maker |
| Minimum Deposit | $1 |
| Trading Platform(s) | Other, MetaTrader 4, MetaTrader 5, Proprietary platform, Web-based |
| Retail Loss Rate | Undisclosed |
| Minimum Raw Spreads | Not applicable |
| Minimum Standard Spreads | 0.5 pips |
| Minimum Commission for Forex | Commission-free |
Founded in 2006, Weltrade currently operates in 15 countries, with its global headquarters in Saint Vincent and the Grenadines. The broker uses an STP approach and provides five different account types with significant leverage, a VPS service, trading signals, and bonuses.
The group, which has been in the forex market for 14 years, has 170,000 clients and is especially well-liked in Asia, namely in Thailand, Malaysia, Indonesia, Laos, and Vietnam.
Pros and Cons of WelTrade Broker
| Pros | Cons |
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WelTrade Broker Account Types
At Weltrade, traders have a choice of three accounts: Micro, Premium, and Pro. A minimum position size of 0.01 lot is required for all accounts.
- Micro (cent account) – $1 minimum deposit, floating spreads from 1.5 pips, designed for training purposes, leverage up to 1:1000
- Premium – $25 minimum deposit, floating spreads from 1.5 pips, leverage up to 1:1000
- Pro – $100 minimum deposit, floating ECN spreads from 0.5 pips, fastest execution, leverage up to 1:1000
WelTrade Trading Platform
WelTrade provides three trading platforms: MT4, MT5, and MetaTrader WebTrader
MetaTrader 4
With a wealth of trading features tailored for sophisticated and automated analysis, MT4 is an amazing platform. With more than 50 technical tools and a variety of chart styles and periods, price tracking is made simple and accurate. Additionally, traders can analyze past market moves in the comprehensive History Center and place orders from the Market Watch window.
Windows users can download MT4 from the broker’s website.
MetaTrader 5
The MT5 terminal, which is even more powerful than the MT4 terminal and has sophisticated features for in-depth technical analysis, is probably preferred by experienced or professional traders. Traders get access to 21 timeframes and more than 80 pre-loaded indicators and sketching tools. Users can also access trading robots, the Depth of Market view, and an economic calendar.
MetaTrader WebTrader
For people who use macOS and do not wish to download additional software, the web terminal offers access to MetaTrader 4 and MetaTrader 5. The online platform has all the sophisticated capabilities required for both part-time and full-time traders, and it provides the same speed and dependability as the desktop counterparts.
Mobile Apps
For users of iPhone (iOS) and Android (APK), MetaTrader 4 and MetaTrader 5 are accessible as mobile applications. With access to crucial trading functionality and account management tools, the apps facilitate the seamless transition for investors from desktop to mobile investment.
Spreads & Commissions
With the Micro account, spreads for EUR/USD begin at approximately 1.5 pip, and with the Pro account, they drop to 0.5 pip. Weltrade offers commission-free trading. Swap costs, which are assessed when holdings are carried over into the next day, are another thing that traders need to be aware of. The amount is increased between Wednesday and Thursday.
WelTrade Regulations
The prominent offshore broker location of Saint Vincent and the Grenadines is where Weltrade, a trading name of Systemgates Ltd, is registered. The business says it has a license, but it doesn’t disclose much information on the conditions of the license, which could raise suspicions about fraud.
It should be noted that if the business becomes insolvent, the Financial Service Authority in SVG will not offer any compensation or safeguarding of customer cash.
WelTrade Payment Methods
Weltrade provides a variety of immediate funding alternatives for accounts, including card payments, bank transfers, and e-wallets like Neteller and Skrill. Additionally, you can deposit using cryptocurrency. Except for bank transfers and cryptos, which can be subject to network or bank fees, all methods are free. With a mere $25 minimum deposit, the broker is accessible to a large number of novices.
Every day of the week, withdrawals are handled in 30 minutes; however, clearance times may vary based on the bank or payment processor. The range of withdrawal fees is 0.5% to 2%; however, certain methods such as local banks in Indonesia and Wallet One offer no fees at all.
You can make deposits and withdrawals from the client cabinet.
Customer Support
Weltrade offers multiple channels for communication, the fastest of which is the live chat feature. Alternatively, you might try sending the broker an email at info@weltrade.com or giving one of the website’s 15 international phone numbers a call. You can also get customer service from within the client cabinet.
WelTrade Alternative
| Weltrade | AvaTrade | Pepperstone | |
| Markets | Forex, CFDs, commodities, cryptocurrencies | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting | CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting |
| Demo Account | Yes | Yes | Yes |
| Minimum Deposit | $1 | $100 | $0 |
| Minimum Trade | 0.01 Lots | 0.01 Lots | 0.01 Lots |
| Regulators | FSCA | ASIC, CySEC, FSCA, ISA, CBol, FSA, FRSA, BVI, ADGM | FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB |
| Bonus | – | 20% Welcome Bonus up to $10,000 | – |
| Education | No | Yes | Yes |
| Platforms | MT4, MT5 | WebTrader, AvaTradeGO, AvaOptions, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade | MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade |
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Final Thoughts
Weltrade provides a decent selection of account kinds on the MetaTrader platforms, all with affordable minimum deposits. Although there isn’t a lot of diversity in the resources and instructional materials, the demo contests and other incentives might be enough to draw in new traders.
