Forex broker | |
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Official website | |
Social network | |
Head Office | Suite 305, Griffith Corporate Centre, PO BOX 1510, Beachmont, Kingstown, Saint Vincent and the Grenadines |
Company owner | Systemgates Ltd. |
Types of support | |
Phone Support | |
Languages | English, Spanish, Chinese, Vietnamese, Malaysian, Thai, Indonesian |
Terminals | MetaTrader 4, MetaTrader 5, WebTrader, MetaTrader 4 MultiTerminal |
Min. first deposit | From 25 USD |
Brokerage commission | 1.5 pips on ZuluTrade account and 0.5% once at the moment of transaction opening on Crypto account |
Lot size | From 0.01 |
Maximum open positions | No restrictions |
Bonuses | From 25 to 100 USD Bonus Promo Codes: eto-bonus - $25 on deposit from $25; Bonus50 - $50 on deposit from $50; CRYPTO - $100 on deposit from $100 Until 1000 USD Bonus Astrocards Until 100 % With each deposit of 200 USD/EUR and more, the client receives an additional bonus of 100% on the deposit amount Until 15000 USD Cash Puzzle game with daily prizes From 5 to 1000 USD Participant of the game Spinner receives spins the drum after each deposit |
Leverage | Until 1:1000 |
Spreads | Floating, from 0 points |
Free demo account | |
Adjustable | Yes |
Regulators | IFSCIFSC/60/350/TS/17 |
Types of accounts | Demo, Micro, Premium, Pro, ZuluTrade, Crypto |
Margin call / Stop out | from 20%/from 10% |
Transaction volume | 0,01 |
Peculiarities of trade | Automated trading, copying trades |
Order execution | Market Execution (at market price) |
Methods of replenishment | Neteller, Perfect Money, Qiwi, Skrill, Wallet One, Webmoney, Alpha-Click, Cryptocurrencies, PrivatBank, Promsvyazbank, Sberbank Online, Yandex.Money, Bank card (Visa/MC) |
Withdrawal methods | Neteller, Perfect Money, Qiwi, Skrill, Wallet One, Webmoney, Wire transfer, Cryptocurrencies, PrivatBank, Bank card (Visa/MC) |
Number of assets | 70+ |
Types of assets | Forex Instruments Metals Products Cryptocurrency |
Account Currencies | EUR, USD |
Liquidity providers | LMAX Exchange, TOPFX |
Mobile apps | |
Weekend trading | Yes |
Tournaments/competitions | Contest on Crypto accounts with fixed deposit $400 and double prize fund |
Trader training | Online trainings and seminars |
Contract Difference Commission | Yes |
Swaps | Yes |
PAMM trading | No |
Analytics | News, forecasts, economic calendar, etc. |
Margin trading | Yes |
Affiliate Program | Registration6 affiliate program options with rewards up to 300 lots |
Advantages | Advantageous spreads on assets Various bonuses and promotions Affiliate Program Accounts for any level of trader Simplicity and ease of earning Prompt technical support |
Disadvantages | No license information |
Company requisites | Legal name: Systemgates Ltd. Legal address: Suite 305, Griffith Corporate Centre, PO BOX 1510, Beachmont, Kingstown, Saint Vincent and the Grenadines |
Date of update | August 22, 2024 |
Overall assessment | 8.3/10 |
Is WELTRADE a Scam? Complete Review and Real Customer Feedback
From the history of WELTRADE, it is among the most experienced Forex brokers in financial market. It has a portfolio of a healthy body of tools behind, for easy and comfortable trading.
The company’s popularity and acceptance among traders has been due to its track record and unique cooperation terms. The company is not resting on its laurels, but continues to grow actively, creating new opportunities for its customers.
Bonuses
The company introduces a flexible bonus system. So the bonus of $10 may be received without depositing own funds. And depositing $25 to the account you get the bonus of $50 credited.
Depositing $200 and more the trader gets an extra credit bonus of 100% of deposited sum. Which means the deposit actually doubles.
Deposits and withdrawal
Apparently the withdrawal speed of 30 minutes declared by broker is the case. There are no comments found on the topic related forums in Internet, which would prove the significant violation of mentioned terms by broker’s fault.
Complaints and negative references
Be weird if the broker didn’t get any negative feedback for 11 business years in over 18 countries of the world. There is the negative, to a certain extent. But we considered that the criticism is both objective (relating to certain facts) and not objective in nature.
The prejudiced critics wasn’t considered by us because of no verifiable data as they are. The objective cases were selectively analyzed. The analysis showed that the majority of claims was resolved in favor of traders.
WELTRADE broker regulator
In 2015 the broker got a license of the financial regulator IFSC/60/350/TS/15-16. Apart from this, in May 2017 Weltrade became a license of the National bank of Belarus.
Is WELTRADE a scam?
As we are all aware, if a company executes the scam, such facts immediately come out and become apparent to public opinion. Then the scam initiator has to close the company and establish a new one to turn over a «fresh leaf».
The WELTRADE broker has been operating in the market for over 11 years already, which emphasizes that there is no gamesmanship in its business.
Summary statement
The company’s earning capacity depends on the efficiency of its traders. The more efficient a trader is, the more trades they are able to make, and the higher the company’s income will be. If a trader is not efficient, they may stop trading Forex altogether, which would result in a decrease in the company’s earnings. That’s why WELTRADE puts significant effort into training quality traders, regularly publishing analytical reviews, hosting webinars, and providing training.
One of the features of the broker is the availability of a trading account called “CRYPTO”, which allows users to trade a wide range of cryptocurrencies, such as Bitcoin, Ethereum, Monero, Ripple, Dash, and Zcash. Due to the high volatility of these cryptoassets, WELTRADE traders have the opportunity to generate significant income in the short term.
Summary
The WELTRADE broker has been in operation for over 11 years and is a well-established player in the financial markets, with over 100,000 traders. This large number of users is likely due to the excellent support service and personalized approach that the company offers.
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