Abstract: WeTrade is an unregulated broker, offering trading on forex, commodities, stocks and indices with leverage up to 1:500 and 0.7% spreads on WeTrade trading platform. The minimum deposit requirement is $2.
WeTrade Review Summary | |
Founded | 2021 |
Registered Country/Region | Hong Kong |
Regulation | No regulation |
Market Instruments | Forex, commodities, stocks, indices |
Demo Account | ❌ |
Leverage | 1:100-1:500 |
Spread | 0.7% spreads |
Trading Platform | WeTrade |
Minimum Deposit | $2 |
Customer Support | / |
Regional Restrictions | US |
WeTrade is an unregulated broker, offering trading on forex, commodities, stocks and indices with leverage up to 1:500 and 0.7% spreads on WeTrade trading platform. The minimum deposit requirement is $2.
Pros | Cons |
Low minimum deposit requirement | No regulation |
No demo accounts | |
No MT4/MT5 platform | |
No contact channels | |
Commission fees charged |
No. WeTrade currently has no valid regulations. Please be aware of the risk! It offers segregated accounts.
WeTrade offers trading on forex, commodities, stocks and indices.
Tradable Instruments | Supported |
Forex | ✔ |
Commodities | ✔ |
Stocks | ✔ |
Indices | ✔ |
Cryptos | ❌ |
Bonds | ❌ |
Options | ❌ |
ETFs | ❌ |
WeTrade offers leverage from 1:100 to 1:500. The use of leverage can both work in your favour and against you. Leverage magnifies the returns from favorable movements in a currency's exchange rate.
WeTrade charges 0.7% spreads and 0.2% commission fees.
Trading Platform | Supported | Available Devices | Suitable for |
WeTrade | ✔ | IOS, Android, desktop | / |
MT4 | ❌ | / | Beginners |
MT5 | ❌ | / | Experienced traders |
WeTrade accepts payments via credit card, e-wallet, net banking and offline payment.
The minimum deposit amount is $2, and there is no fee. The minimum withdrawal amount is $5. A 3% fee will be charged. For the first withdrawal ,it will be processed the next working day. From the second withdrawal, it will be processed in a few minutes.