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Score
Saint Vincent and the Grenadines
Regulated in South Africa
Financial Service Corporate
MT4 Full License
Regional Brokers
Belize Retail Forex License Revoked
Suspicious Overrun
High potential risk
Benchmark
Influence
Add brokers
Comparison
Quantity 30
Exposure
Score
Regulatory Index3.51
Business Index9.02
Risk Management Index0.00
Software Index8.93
License Index0.00
Single Core
1G
40G
Danger
Danger
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Company Name
Systemgates Ltd
Company Abbreviation
WELTRADE
Platform registered country and region
Saint Vincent and the Grenadines
Company website
X
Company summary
Pyramid scheme complaint
Expose
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
WELTRADE's market delay wiped out my investment of 95 million rupiah. Last Wednesday, after the Federal Reserve meeting, the USD/IDR exchange rate showed 15.280, but when I placed an order, a message appeared saying 'Price updated to 15.350'—a 70-pip difference, resulting in a loss of 4.2 million rupiah! Even worse, my stop-loss order at 15.300 was not triggered due to the delay, and by the time it was executed, the price had already reached 15.380. This 80-pip difference wiped out my account.
WELTRADE's withdrawal issues have driven me crazy! I requested a $15,000 withdrawal in June 2025, but by August I had only received $3,800. "International taxes" were deducted from the remaining amount, and they couldn't provide any tax documentation. Customer service has been saying "it will arrive next week" for 12 weeks now! Even worse is their "account upgrade" scam. They tricked me into paying $5,000 to upgrade to a "VIP account," promising lower spreads and priority withdrawals. Instead, the spreads increased by 2 points, and withdrawals became even slower. Forty-three users on the Malaysian and Los Angeles forex forums have fallen victim to the same upgrade scam, collectively losing over $100,000. Don't trust this platform anymore.
The Weltrade forex platform is a cancer designed to rip off investors! I fully trusted their deposit process, but they maliciously deducted my funds on my first withdrawal. I requested a $5,000 withdrawal, but only $3,800 was returned. When I asked customer service why, they made up lies like "platform service fees" and "exchange rate differences." They never explained anything beforehand. Their trading tactics are even more infuriating. Every time the market fluctuates, they deliberately delay the trading, and by the time I can operate, I've already missed the optimal point, leaving all the losses on the user. The stop-loss and take-profit settings are completely useless. Several times, the stop-loss and take-profit levels were clearly reached, but they weren't executed. I watched helplessly as profits turned into losses. I advise anyone who wants to trade forex to stay away from Weltrade.
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!
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.
They use false advertising to trick investors into depositing funds, then use all sorts of tricks to drain their principal. It's disgusting. I initially believed Weltrade's "zero slippage, low fees" rhetoric, but it was a complete scam. Slippage can be over ten points in normal market conditions, and the fees are three times higher than promised. When I contacted customer service, they simply said, "It depends on actual trading." My account was inexplicably frozen, and my funds became "dead money." The customer service was terrible, hanging up before I even finished answering my question. Later, when I complained to regulators, I discovered the platform's so-called "compliance regulations" were fake! This kind of unregulated, no-support, black market platform should be shut down!
WELTRADE, your platform is an investor's nightmare. I'm filled with anger and disappointment! I've lost over $8,000 trading on this platform. The slippage algorithm is manipulated to achieve a zero negative slippage rate. However, an analysis of 1,237 trades revealed clear manipulation of WELTRADE's slippage distribution: positive slippage occurred at 0%, while negative slippage was as high as 23.7%! Specifically, 92% of stop-loss orders experienced additional slippage (average -2.8 pips). In contrast, take-profit order slippage was incredibly precise: 97% of orders were executed at or within 0.5 pips of the take-profit level. My stop-loss on a long EUR/USD order at 1.2050 was actually closed at 1.2032 (18 pips of slippage), while similar orders on other platforms experienced a maximum slippage of no more than 8 pips. This systematic one-way slippage anomaly fully proves that the platform deliberately increases the slippage in the loss direction when hedging customer positions in orde
Weltrade.com ( weltrade.in ) not processing my 1100usd withdrawal My Account is fully verified account pending since 1 day actually there standard time for withdrawal is 30min only also They blocked my profile and blocked chat service also I can’t access them or complain to them at all
ความล่าช้าของข้อมูลตลาดของ WELTRADE สร้างความเดือดร้อนให้กับผมอย่างมาก ผมกำลังเทรด USD/MYR และเห็นราคาแพลตฟอร์มแสดงอยู่ที่ 4.73 แต่ตลาดกลับขึ้นไปถึง 4.76 แล้ว ความล่าช้าเพียง 30 วินาทีทำให้ผมขาดทุน 3,600 บาทตอนที่ผมวางคำสั่งซื้อ ผมตั้งจุดตัดขาดทุนไว้ที่ 4.68 สำหรับ EUR/MYR แต่ความล่าช้าของข้อมูลของแพลตฟอร์มทำให้ไม่สามารถดำเนินการได้ ผมรอจนกว่าราคาจะลดลงเหลือ 4.75 ก่อนที่จะปิดสถานะ ส่งผลให้ Slippage 70 จุดและขาดทุน 84,000 บาท แอปเทรดบนมือถือของ WELTRADE มีช่องโหว่ด้านความปลอดภัยที่ร้ายแรง แอปนี้ขอสิทธิ์การเข้าถึงข้อมูลผู้ติดต่อ กล้อง และข้อมูลตำแหน่ง ซึ่งไม่เกี่ยวข้องกับการซื้อขายเลย โบรกเกอร์รายนี้ไม่น่าเชื่อถืออย่างยิ่ง ควรหลีกเลี่ยง
As a Malaysian trader, I'm extremely angry about WELTRADE's exploitative spread practices against Southeast Asian clients. The average spread on the platform's USD/MYR currency pair is a staggering 18 pips, compared to just 6-8 pips on other international platforms like Pepperstone. Worst of all, during the Malaysian stock market's opening hours (9:00-10:30 AM), spreads often suddenly widen to 25-30 pips, completely rendering my short-term trading strategies impossible to execute. My trading records show that I lost an additional 5,800 ringgit in March alone due to abnormal spreads. WELTRADE also charges Malaysian clients an additional "emerging market currency surcharge" of US$3 per lot traded, while spreads on platforms in Singapore and Australia during the same period are completely normal. This is systematic spread manipulation targeting Malaysian traders.
Slippage is like robbery, defrauding investors of their money. Weltrade is a scam that exploits malicious slippage to extract money! I initially believed their claims of "low slippage and transparent trading" and deposited $30,000 in forex trading. Slippage devastated me on every trade, leaving me with less than $5,000 in principal. I'm so angry I can't sleep all night! The most outrageous thing happened the night of last month's non-farm payroll data. I analyzed the market in advance and placed a long order at 1.0820 on the EUR/USD pair, setting a stop-loss at 1.0800 and a take-profit at 1.0850. However, when the data was released, the platform froze for 10 seconds. After it recovered, the order was filled at 1.0775—a full 45 pips below my order price! My stop-loss was completely useless and never triggered. I watched my losses escalate to 1.0730, costing me over $9,000 on that single trade. I immediately contacted customer service for an explanation, and they initially offered a per
My case is that I made a deposit 5 days ago to the broker Welltrade through the payment gateway they have on their website, and I still don't have the balance in my account. The emails listed on their page don't work. The only way to contact them is through customer support at info, but they don't provide any solution. They also don't have a phone number. How can I report this broker?
The Weltrade company had increased the spread for Gold, almost 1600 % from what it usually was and my account could not withstand. Moreover, Systemgates Ltd aka Weltrade is changing its registration every single year, from one offshore country to another. In 2016 it was Vanuatu, in 2017 it was Belize and in 2018 it is Saint Vincent and the Grenadines. I found out that Systemgates Ltd has no licence whatsoever to engage in forex trading since the Financial Services Authority does not issue a licence to a company engaging in forex. I have lost 56 000 USD and trying to get them back . The company refused to return the money after I lodged my complaint with it more than 10 times.
Weltrade secretly tampered with my take-profit and stop-loss settings, causing me a loss of 68,000 rupees! Last Wednesday, I was trading in USD/INR and had set take-profit 74.50 and stop-loss 74.70. But when I checked my position that afternoon, the system showed that take-profit had changed to 74.30 and stop-loss to 74.80. As a result, when the price reached 74.48, I prematurely closed my position and lost 12,000 rupees. The next day, the price dropped to 74.75, and since I had set my stop-loss too high, I lost another 56,000 rupees—the exact amount I had earned from a small IT project! After filing a complaint with SEBI, I discovered that Weltrade's Indian 'Operation Center' was fake, located in a residential building in Gurugram. Now, I'm even struggling to pay my employees. WELTRADE is scamming people by manipulating their operating parameters. Do not trust them!
The trading environment of the platform is very unstable. I applied to deposit money on July 23, and the Exchange notified me via email that I had to pay income tax before July 29. They sent another letter informing me that I had to pay the full amount within 48 hours, otherwise they would sue me and report tax evasion. Before paying the tax on July 28, I repeatedly confirmed whether I could withdraw the money after paying the full amount. The customer service team assured me that withdrawals would be possible. After receiving confirmation from customer service, they told me to wait 1-3 days to receive the receipt. On August 1, the Exchange sent me a letter stating that I had not paid 13,000 U and had to settle it myself, so the 13,000 U was frozen. This is robbery. They didn’t explain from the beginning that it had to be the same account. Moreover, when I took a screenshot and sent it to customer service, they should have verified the ID and confirmed there was no issue. I truly cannot accept WELTRADE. This platform is like a huge pit—I’m trapped in it, suffering unbearably.
WELTRADE Review Summary | |
Founded | 2006 |
Registered Country/Region | Saint Vincent and the Grenadines |
Regulation | NBRB/FSC (Revoked), FSCA (Exceeded) |
Market Instruments | Forex, metals, index CFDs, commodities, stock CFDs |
Demo Account | ✅ |
Spread | Floating from 1.5 pips (Micro account) |
Leverage | Up to 10000x |
Trading Platform | MT4, MT5, Weltrade App |
Minimum Deposit | USD 1 |
Customer Support | Live 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 Regions | USA, Canada, EU, Belarus and Russia |
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.
Pros | Cons |
Demo accounts | Revoked NBRB and FSC license |
MT4 and MT5 platforms | Exceeded FSCA license |
Multiple trading tools | Abnormal high leverage levels |
Affordable minimum deposit | |
Promotion programs | |
No trading commissions | |
Rich educational resources |
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 Country | Regulator | Current Status | Regulated Entity | License Type | License No. |
![]() | National Bank of the Republic of Belarus (NBRB) | Revoked | LLC SystemGates Limited | Retail Forex License | 192727233 |
![]() | Financial Services Commission (FSC) | Revoked | Systemgates Capital Ltd. | Retail Forex License | IFSC/60/350/TS/17 |
![]() | Financial Sector Conduct Authority (FSCA) | Exceeded | WELTRADE SA (PTY) LTD | Financial Service Corporate | 50691 |
Trading Instruments | Supported |
Forex | ✔ |
Metals | ✔ |
Index CFDs | ✔ |
Commodities | ✔ |
Stock CFDs | ✔ |
Cryptocurrencies | ❌ |
Bonds | ❌ |
Options | ❌ |
ETFs | ❌ |
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 Type | Minimum Deposit | Accepted Currencies | Spread | Commission |
Micro | USD 1 | Cents USD, cents EUR | Floating from 1.5 pips | ❌ |
Pro | USD 100 | USD | Floating from 0.5 pips | |
Premium | USD 25 | USD, EUR | Floating from 1.5 pips | |
SyntX | USD 1 | USD | Floating |
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 Type | Maximum Leverage |
Micro | 1:1000 |
Pro | |
Premium | |
SyntX | 1:10000 |
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 Platform | Supported | Available Devices | Suitable for |
MT4 | ✔ | iOS, Android, Windows, MacOS, Web | Beginners |
MT5 | ✔ | iOS, Android, Huawei, Windows, MacOS, Web | Experienced traders |
Weltrade App | ✔ | iOS, Android | / |
WELTRADE supports several funding methods:
Payment Method | Accepted Currencies | Deposit Fee | Withdrawal Fee | Deposit Time | Withdrawal Time |
VISA/MASTERCARD/UNIONPAY | USD | ❌ | 4% + 2 USD | Instantaneous | 30 min, 24/7 |
Skrill | 1% | ||||
Neteller | USD, EUR | 2% (min. $1.00) | |||
IDLB | IDR | Sender's bank tariff | ❌ | Within 24 hours | |
FasaPay | USD, IDR | ❌ | 0.5% (min. $0.01, max. $5.00) | Instantaneous |
Opening a trading account and watching your capital grow can feel exciting and full of promise until the moment you realise you cannot get your money back. That’s when the dream turns into a nightmare. Recent complaints submitted to WikiFX reveal an unsettling pattern seen at Weltrade where deposits vanish, withdrawals stall for days or even months, and support channels lead nowhere.
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.
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!
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