Home -
WELTRADE -

Score

2.51 /10
Danger

WELTRADE

Saint Vincent and the Grenadines

15-20 years

Regulated in South Africa

Financial Service Corporate

MT4 Full License

Regional Brokers

Belize Retail Forex License Revoked

Suspicious Overrun

High potential risk

http://www.weltrade.com

Benchmark

C

Influence

A

Add brokers

Comparison

Quantity 17

Exposure

Open Account
Website

Score

Regulatory Index3.51

Business Index9.02

Risk Management Index0.00

Software Index8.93

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Danger

ID BAPPEBTI
2022-09-20
Bappebti Blocks 760 Website Domains, Reminds of the Risk of Transactions in Unlicensed PBK Entities
WELTRADE
Tradovate
LIVECRYPTOFOREX
Global GT
BTSE
TD Markets
ZG.COM
MRG Trader
Unicorn FX
InstaForex
Cash Forex Group
OvalX
NPBFX
AAX
TD365
PAXOS
Atom Markets
GateHub
1MARKET
Kato Prime
TradeDirect365
BingX
UNFXB
RoboMarkets
XTrend Speed
Kraken
HFM

Danger

MY SCM
2022-01-01
INVESTOR ALERT LIST
WELTRADE

Broker Information

More

Company Name

Systemgates Ltd

Company Abbreviation

WELTRADE

Platform registered country and region

Saint Vincent and the Grenadines

Company website

X

Facebook

Instagram

Linkedin

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 6
Previous Detection : 2025-08-07
  • The number of the complaints received by WikiFX have reached 15 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Survey

Danger

WELTRADE

South Africa

WikiFX Verification

WELTRADE · Benchmark
Average transaction speed(ms)
701.3 Poor
The highest transaction speed(ms)
11 Perfect
The highest speed of opening positions(ms)
11 Perfect
The highest speed of closing position(ms)
11 Perfect
The lowest speed of opening positions(ms)
1992 Poor
The lowest speed of closing position(ms)
1997 Poor
Ranking： 103 / 125
Test user 1,227
Transactions 14,419
Ocuppied margin $3,547,375 USD
Data Source WikiFX Data provide
Updated: 2025-08-05 01:08:00

Exposure

17 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

scam broker

they rejected the withdrawal

2023-03-30 18:09
Unable to Withdraw

Withdrawal pending

My 1100usd withdrawal pending money deducted from account not sending to my litcoin wallet they offer 30min withdrawal but already 1 day no response chat support ignore me telling they send a mail . No response I feel I got scammed My ID- 912928

2023-10-20 17:48
Scam

Weltrade unilaterally blocks my Affiliate (IB)

Broker Weltrade has deceived millions of clients from Indonesia and cheated hundreds of affiliates (IB) in Indonesia. Broker Weltrade has blocked my affiliate account and refused to pay my substantial affiliate commissions. Anyone who is associated with Weltrade, AVOID THIS BROKER IMMEDIATELY, YOU WILL REGRET IT, BELIEVE ME..

2024-12-18 03:19
Unable to Withdraw

Profits were canceled for reasons that didn't make sense

Initially, I was lured in with an Iphone prize, I had to complete 600 lots. In the end I accepted the challenge with a deposit of 2000 $ with an additional bonus for margin resistance of 4000 $ (only for resistance cannot be withdrawn) In total I completed trades of almost 300 lots with a total profit of 3400 $ more. Accusations against me were 3 1 price manipulation 2 cheating on the market3 creating a fake profile, these accusations don't make sense in my opinion because before registering, I also carried out the KYC process and various other conditions. That was just an excuse for the company not to pay my profits. $ and the winnings so far 3400$ were canceled unilaterally. Likewise my lots were reset to 0. I urge you to be careful with this fraudulent broker.

2023-03-12 21:53
Unable to Withdraw

WITDRAW CANCEL AND LOST FUND

Withdraw canceled with this broker Dont use this Broker They are SCAMMER

2023-03-30 13:36
Severe Slippage

price is not on the chart

when the market was normal I entered the Hang Seng Index position but I was surprised because the price was far above the quote price in the market... then I quickly liquidated it but again the liquid price was not on the chart and instead made my equity minus

2025-03-07 21:52
Unable to Withdraw

Withdrawal of more than 2000$ has not been paid

The affiliate program and all referrals have been disconnected from your profile; - the Welbox Iphone Prize rejected; - Welbox promotions are blocked for your profile. the iPhone prize was canceled, the referral partner was all issued even though he had traded more than 1,800 lots, withdrawn more than $2,000 and several other withdrawals had not been received for several days.

2024-03-31 09:52
Others

The exchange locks the account, does not allow withdrawals

I have invested $1500$ in weltrade exchange (https://www.weltrade.com/), according to the invitation of the exchange about the bonus program: trading bonus is 3015$, deposit bonus is 1500$. I traded and got more than 3500$ profit. Also fulfill the terms of the bonus program. However, after withdrawing more than $3000, the exchange locked the account with the allegation of proof of fake identity registration. This makes no sense because as soon as I opened my account, I passed KYC by submitting my identity card and of course approved by weltrade. After that, the floor requested and I also provided other documents such as invoices, portraits holding ID cards... and all were approved by weltrade. I also passed the verification VIDEO call from weltrade via Skype. I absolutely do not violate the things that the exchange stated in the notice. I have sent an email to confirm my account, my documents are real and genuine, as well as requesting proof, but have not received a response.

2022-08-10 10:49
Unable to Withdraw

withdrawal issue

I made a withdrawal since Saturday but I still haven’t received the payment since then also the customer care is so poor they are not very effective

2025-07-22 19:24
Unable to Withdraw

No withdrawal, scam broker.

After submitting a withdrawal request, they didn't allow it. The customer service said it needed to be reviewed, but didn't give a reason. They've been dragging this on for half a year and still haven't allowed the withdrawal. I advise everyone to stay away from this scam platform!

2025-06-11 16:56
Scam

PLEASE IMMEDIATELY BLOCK THE W

PLEASE IMMEDIATELY BLOCK THE WEBSITE PLATFORM OF THE WELTRADE BROKER, THIS BROKER HAS DECEIVED HUNDREDS OF THOUSANDS OF CLIENTS FROM INDONESIA, THEY DON'T PAY PROFITS AND TAKE CLIENT DEPOSIT FUNDS UNDER THE GUESS OF VARIOUS PROMOTIONS, THEY REALLY DON'T PAY MY PROFITS AND DELETE THE AMOUNT OF $5190 AND DO NOT REFUND MY DEPOSIT IS $950!!!! PLEASE FOR ANY TRADER WHO READS THIS REVIEW IMMEDIATELY STAY AWAY FROM FRAUDULENT BROKER AND BIG ROBBER "WELTRADE"..

2024-05-23 12:07
Scam

Can't withdraw

I have invested 1500$ in weltrade exchange (https://www.weltrade.com/), according to the floor's invitation about the bonus program: trading bonus is 3015$, deposit bonus is 1500$. I traded and got more than 3500$ profit. At the same time, completing the terms of the bonus program, I withdraw the money. However, after withdrawing more than $3000, the exchange locked the account with the allegation of proof of fake identity registration. This is very unreasonable because as soon as I opened my account, I passed KYC by submitting my identity card and of course approved by weltrade. After that, the floor also asked me to provide other documents such as invoices, portraits holding ID cards ... and all were approved by weltrade floor. I also passed the verification VIDEO call from weltrade via Skype. I absolutely do not violate the things that the exchange stated in the notice. I have sent an email to commit my account, my documents are real and genuine, as well as asking for proof, but have not received a response. Please consider my complaint.

2022-08-30 21:45
Scam

Scammed in inlb deposit

I deposited 4500usd from my inlb ( Indian local bank deposit using phone pe wallet ) nl enterprise account they deleted my profile without giving my money to back or to mt4

2023-10-01 17:09
Resolved

I am unable to withdraw $22,067 from the Weltrade.

I am writing this letter to request your assistance in mediating a withdrawal dispute that has been delayed and lacks communication from WELTRADE SA (PTY) LTD Broker for 15 days. The details are provided in the attached evidence, and if you require any additional documents, please feel free to contact me immediately.

2025-02-20 20:27
Unable to Withdraw

I know this broker

I have known this broker since 2018 and have been actively trading there. So far, everything has been fine. However, recently in 2025, there have been some changes compared to previous years, where several issues have frequently occurred, including: 1. Withdrawals are often delayed and sometimes even canceled. 2. When trading during major news events, the server often becomes unstable, even though the internet connection is very good. 3. The customer service that used to be responsive now tends to ignore customer complaints.

2025-03-08 17:32
Unable to Withdraw

Withdrawal of 2295$ not paid by Weltrade

Got an Eid gift from Weltrade Thank God I can still trade at any broker I like Thanks for the decision WELTRADE You taught me to be more careful in choosing a broker Rebate 2000lot canceled Withdrawal of 2000$ more not paid iPhone canceled My incident like this could happen to anyone and at any time all the hue brokers cannot be contested. I accept the decision with grace. Hopefully it can be a lesson for myself and other traders. Don't put your eggs in one basket. If they're all broken, they're all broken. Don't put your funds in one broker. Open accounts in many broker One time this incident happens to you then you still have funds at another broker wasallam Please note that the company management has decided to cancel the following withdrawal request: W14257972-260324172404 W14257972-290324040341 This order has been canceled because the profits obtained violate the company's terms and conditions, as well as due to overestimation of trade turnover. Additionally, prizes received from Wellbox promotions were obtained illegally. As a result, trading proceeds of 2295.58 USD have been deducted from your trading account 14257972 31.12. The Company reserves the right in its sole discretion to refuse a Client's participation in a WelBox promotion, deactivate a promotion for any client, suspend a Client's participation in a promotion, refuse to credit the cash amount of a claimed WelBox Prize, or in any other case. a way to limit the Client's participation in the promotion if trading manipulation or violation of trading conditions is detected, multiple registrations under the same partner or reference, trading activity aimed solely at fulfilling the main conditions, or calls to existing clients to register new accounts , or in other cases. In cases like this, the Company does not need to provide an explanation. Jik

2024-04-10 06:04
    Sources
    Data Source WikiFX Data provide
    Updated: 2025-08-07
    WELTRADE · Company summary
    WELTRADE Review Summary
    Founded2006
    Registered Country/RegionSaint Vincent and the Grenadines
    RegulationNBRB/FSC (Revoked), FSCA (Exceeded)
    Market InstrumentsForex, metals, index CFDs, commodities, stock CFDs
    Demo Account✅
    SpreadFloating from 1.5 pips (Micro account)
    LeverageUp to 10000x
    Trading PlatformMT4, MT5, Weltrade App
    Minimum DepositUSD 1
    Customer SupportLive chat, FAQ
    Social platforms: Facebook, LinkedIn, Instagram
    Email: info@weltrade.com
    Registered Address: Unit Suite 305, Griffith Corporate Centre, PO BOX 1510, Beachmont, Kingstown, Saint Vincent and the Grenadines
    Email and registered offices in other countries: https://www.weltrade.com/customersupport/
    Restricted RegionsUSA, Canada, EU, Belarus and Russia

    WELTRADE Information

    WELTRADE was initially registered in Saint Vincent and the Grenadines and also now operates in dozens of countries worldwide. The broker offers a wide range of trading services in forex, metals, index CFDs, commodities, stock CFDs. It offers a demo account for you to get familiar with the platform and your trading strategy. Besides, four tiered live accounts are available to suit different levels of investors.

    Traders can excute trades on the well-acclaimed MetaTrader 4 and 5 platforms, as well as the broker's self-developed Weltrade App. Trading tools such as trading/pip/profit/Fibonacci calculators, tradingview charts and economic calenders are available to enhance trading efficiencies.

    Moreover, the broker offers a series of educational resources including webinars and seminars, MetaTrader guides, indicators, etc to help traders better understand the financial world and trading.

    However, one fact that cannot be neglected is that although the broker claims to be regulated by the NBRB, FSC, and FSCA, none of them is normal.

    WELTRADE's homepage

    Pros and Cons

    ProsCons
    Demo accountsRevoked NBRB and FSC license
    MT4 and MT5 platformsExceeded FSCA license
    Multiple trading toolsAbnormal high leverage levels
    Affordable minimum deposit
    Promotion programs
    No trading commissions
    Rich educational resources

    Is WELTRADE Legit?

    No. WELTRADE currently has no valid regulations. It only holds revoked NBRB and FSC licenses, and an exceeded FSCA license. Please be aware of the risk!

    Regulated CountryRegulatorCurrent StatusRegulated EntityLicense TypeLicense No.
    Belarus
    		National Bank of the Republic of Belarus (NBRB)RevokedLLC SystemGates LimitedRetail Forex License192727233
    Belize
    		Financial Services Commission (FSC)RevokedSystemgates Capital Ltd.Retail Forex LicenseIFSC/60/350/TS/17
    South Africa
    		Financial Sector Conduct Authority (FSCA)ExceededWELTRADE SA (PTY) LTDFinancial Service Corporate50691
    Revoked NBRB license
    Revoked FSC license

    Exceeded FSCA license

    What Can I Trade on WELTRADE?

    Trading InstrumentsSupported
    Forex✔
    Metals✔
    Index CFDs✔
    Commodities✔
    Stock CFDs✔
    Cryptocurrencies❌
    Bonds❌
    Options❌
    ETFs❌

    Account Type

    WELTRADE not only offers a demo account for you to simulating real trading with virtual funds before tapping into real trading, but also four tiered live accounts with different traidng conditions to suite various levels of investors and different products:

    Account TypeMinimum DepositAccepted CurrenciesSpreadCommission
    MicroUSD 1Cents USD, cents EURFloating from 1.5 pips❌
    ProUSD 100USDFloating from 0.5 pips
    PremiumUSD 25USD, EURFloating from 1.5 pips
    SyntXUSD 1USDFloating
    Account comparison

    Leverage

    WELTRADE offers leverage up to 10000x, which is not normal among most brokerage companies. Usually leverage not only signifies profits, but also losses, thus it's strongly recommended that you should deal with leverage with this broker in extreme caution.

    Account TypeMaximum Leverage
    Micro1:1000
    Pro
    Premium
    SyntX1:10000

    Trading Platform

    WELTRADE claims to use the world renowned MetaTrader 4 and 5 platforms, which are well-recognized by its advanced charting tools and robust functionalities.

    You can reach the platforms on web, or download app from Windows, mobiles phones and Mac.

    Besides, the company also developed its own trading platform WELTRADE App, downloadble from both iOS and Android devices.

    Trading PlatformSupportedAvailable DevicesSuitable for
    MT4✔iOS, Android, Windows, MacOS, WebBeginners
    MT5✔iOS, Android, Huawei, Windows, MacOS, WebExperienced traders
    Weltrade App✔iOS, Android/
    MT4
    MT5
    Weltrade App

    Deposit and Withdrawal

    WELTRADE supports several funding methods:

    Payment MethodAccepted CurrenciesDeposit FeeWithdrawal FeeDeposit TimeWithdrawal Time
    VISA/MASTERCARD/UNIONPAYUSD❌4% + 2 USDInstantaneous30 min, 24/7
    Skrill1%
    NetellerUSD, EUR2% (min. $1.00)
    IDLBIDRSender's bank tariff❌Within 24 hours
    FasaPayUSD, IDR❌0.5% (min. $0.01, max. $5.00)Instantaneous
    Deposit
    Withdrawal

    News

    ExposureWeltrade: The Broker With Revoked Licences and a Failing Score

    With revoked licences, misleading regulatory claims, and a dangerously low WikiScore, Weltrade may be exposing unsuspecting traders to far more risk than they realise. Here’s what every investor needs to know.

    WikiFX
    2025-06-11 18:34
    Weltrade: The Broker With Revoked Licences and a Failing Score

    ExposureWeltrade Broker Review 2025: Read Before Trading

    Explore the 2025 Weltrade broker review. Assess its licensing, performance, and user feedback to determine if it's a scam or trustworthy. Get insights now!

    WikiFX
    2025-06-11 16:53
    Weltrade Broker Review 2025: Read Before Trading

    ExposureWELTRADE Review 2025: A Scam Forex Broker to Avoid?

    WELTRADE review 2025 exposes a risky forex broker with a 2.50 WikiFX score, unverified FSCA regulation, and no South Africa office. Users report withdrawal delays, high spreads (43.0 pips BTC/USD), and declining trust on social media. Beware of this potential scam despite its $25 minimum deposit.

    WikiFX
    2025-05-22 16:38
    WELTRADE Review 2025: A Scam Forex Broker to Avoid?

    NewsECB reveals it may have to bloom

    The European Central Bank says a rate hike may take longer than expected.

    WikiFX
    2023-05-16 14:08
    ECB reveals it may have to bloom
    About More

    User Reviews

    More

    User comment

    34

    Comments

    Write a review

    Tutubarao
    0-3months
    Broker completo
    Broker completo
    Translate to English
    2025-08-05 11:50
    Reply
    0
    0
    FX1801194775
    0-3months
    Uso pouco mas cumpre bem o papel básico só
    Uso pouco mas cumpre bem o papel básico só
    Translate to English
    2025-08-05 11:20
    Reply
    0
    0
    17