WELTRADE -Some Important Details about This Broker
Abstract： 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.
| 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 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.
Pros and Cons
| 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 |
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 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 |
What Can I Trade on WELTRADE?
| Trading Instruments | Supported |
| 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 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 |
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 Type | Maximum Leverage |
| Micro | 1:1000 |
| Pro | |
| Premium | |
| SyntX | 1:10000 |
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 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 | / |
Deposit and Withdrawal
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 |
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