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

C
A

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Comparison

Quantity 30

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

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2022-09-20
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Broker Information

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Warning: Low score, please stay away! 6
Previous Detection : 2025-08-29
  • The number of the complaints received by WikiFX have reached 28 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 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: 2025-08-27 01:08:00
Pyramid scheme complaint
Expose
Unable to Withdraw

WELTRADE's withdrawal

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.

2025-08-27 13:46
Scam

The Weltrade forex platform

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.

2025-08-25 15:17
Scam

They use false advertising

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!

2025-08-25 16:13
Severe Slippage

WELTRADE, your platform

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

2025-08-26 14:43
Scam

Weltrade.com ( weltrade.in

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

2025-08-27 01:09
Others

ความล่าช้าของข้อมูลต

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

2025-08-28 13:26
Others

As a Malaysian trader,

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.

2025-08-28 13:32
Severe Slippage

Slippage is like robbery,

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

2025-08-25 16:42
Scam

Welltread sneaked in

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!

2025-08-28 22:15
Scam

Trading environment

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.

2025-08-26 17:36
    Sources
    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
    MT4iOS, Android, Windows, MacOS, WebBeginners
    MT5iOS, Android, Huawei, Windows, MacOS, WebExperienced traders
    Weltrade AppiOS, Android/
    MT4
    MT5
    Weltrade App

    Deposit and Withdrawal

    WELTRADE supports several funding methods:

    Payment MethodAccepted CurrenciesDeposit FeeWithdrawal FeeDeposit TimeWithdrawal Time
    VISA/MASTERCARD/UNIONPAYUSD4% + 2 USDInstantaneous30 min, 24/7
    Skrill1%
    NetellerUSD, EUR2% (min. $1.00)
    IDLBIDRSender's bank tariffWithin 24 hours
    FasaPayUSD, IDR0.5% (min. $0.01, max. $5.00)Instantaneous
    Deposit
    Withdrawal

    News

    ExposureComplaints Against Weltrade | Traders Can’t Get Their Money Back

    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.

    WikiFX
    2025-08-15 16:48
    Complaints Against Weltrade | Traders Can’t Get Their Money Back

    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

    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

    User Reviews

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    FX4946874512
    0-3months
    वेलट्रेड ने चुपके से मेरे टेक-प्रॉफिट और स्टॉप-लॉस सेटिंग्स में छेड़छाड़ की, जिससे मुझे 68,000 रुपये का नुकसान हुआ! पिछले बुधवार को, मैं USD/INR में ट्रेडिंग कर रहा था और मैंने टेक-प्रॉफिट 74.50 और स्टॉप-लॉस 74.70 सेट किया था। लेकिन जब मैंने उस दोपहर अपनी पोजीशन चेक की, तो सिस्टम ने दिखाया कि टेक-प्रॉफिट 74.30 और स्टॉप-लॉस 74.80 हो गया था। नतीजतन, जब कीमत 74.48 पर पहुँची, तो मैंने समय से पहले ही अपनी पोजीशन बंद कर दी और 12,000 रुपये गँवा दिए। अगले दिन, कीमत गिरकर 74.75 पर आ गई, और चूँकि मैंने अपना स्टॉप-लॉस बहुत ज़्यादा सेट कर दिया था, इसलिए मुझे 56,000 रुपये और गँवाने पड़े—इतने ही पैसे मैंने एक छोटे आईटी प्रोजेक्ट से कमाए थे! सेबी में शिकायत दर्ज कराने के बाद, मुझे पता चला कि वेलट्रेड का भारतीय "ऑपरेशन सेंटर" फर्जी था, जो गुड़गांव की एक रिहायशी इमारत में स्थित था। अब मुझे अपने कर्मचारियों को तनख्वाह देने में भी मुश्किल हो रही है। WELTRADE अपने ऑपरेटिंग मापदंडों में हेराफेरी करके लोगों को ठग रहा है। उन पर भरोसा मत कीजिए!
    वेलट्रेड ने चुपके से मेरे टेक-प्रॉफिट और स्टॉप-लॉस सेटिंग्स में छेड़छाड़ की, जिससे मुझे 68,000 रुपये का नुकसान हुआ! पिछले बुधवार को, मैं USD/INR में ट्रेडिंग कर रहा था और मैंने टेक-प्रॉफिट 74.50 और स्टॉप-लॉस 74.70 सेट किया था। लेकिन जब मैंने उस दोपहर अपनी पोजीशन चेक की, तो सिस्टम ने दिखाया कि टेक-प्रॉफिट 74.30 और स्टॉप-लॉस 74.80 हो गया था। नतीजतन, जब कीमत 74.48 पर पहुँची, तो मैंने समय से पहले ही अपनी पोजीशन बंद कर दी और 12,000 रुपये गँवा दिए। अगले दिन, कीमत गिरकर 74.75 पर आ गई, और चूँकि मैंने अपना स्टॉप-लॉस बहुत ज़्यादा सेट कर दिया था, इसलिए मुझे 56,000 रुपये और गँवाने पड़े—इतने ही पैसे मैंने एक छोटे आईटी प्रोजेक्ट से कमाए थे! सेबी में शिकायत दर्ज कराने के बाद, मुझे पता चला कि वेलट्रेड का भारतीय "ऑपरेशन सेंटर" फर्जी था, जो गुड़गांव की एक रिहायशी इमारत में स्थित था। अब मुझे अपने कर्मचारियों को तनख्वाह देने में भी मुश्किल हो रही है। WELTRADE अपने ऑपरेटिंग मापदंडों में हेराफेरी करके लोगों को ठग रहा है। उन पर भरोसा मत कीजिए!
    Translate to English
    2025-08-28 22:15
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    FX1339318586
    0-3months
    Keterlambatan pasar WELTRADE menghapus investasi saya sebesar 95 juta rupiah. Rabu lalu, setelah rapat Federal Reserve, nilai tukar USD/IDR menunjukkan 15.280, tetapi ketika saya melakukan pemesanan, muncul pesan "Harga diperbarui menjadi 15.350"—terjadi selisih 70 poin, yang mengakibatkan kerugian 4,2 juta rupiah! Lebih parahnya lagi, order stop-loss saya di 15.300 tidak terpicu karena keterlambatan tersebut, dan pada saat diperdagangkan, harganya sudah mencapai 15.380. Selisih 80 poin ini menghapus akun saya.
    Keterlambatan pasar WELTRADE menghapus investasi saya sebesar 95 juta rupiah. Rabu lalu, setelah rapat Federal Reserve, nilai tukar USD/IDR menunjukkan 15.280, tetapi ketika saya melakukan pemesanan, muncul pesan "Harga diperbarui menjadi 15.350"—terjadi selisih 70 poin, yang mengakibatkan kerugian 4,2 juta rupiah! Lebih parahnya lagi, order stop-loss saya di 15.300 tidak terpicu karena keterlambatan tersebut, dan pada saat diperdagangkan, harganya sudah mencapai 15.380. Selisih 80 poin ini menghapus akun saya.
    Translate to English
    2025-08-28 20:34
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