WELTRADE

Total reviews 41
No complaints yet
3.7
The forex broker Weltrade offers traders round-the-clock quality service and individual approach.
Forex broker
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
[email protected]ChatCallback from the websiteFeedback form on the site
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 USDReceive
Bonus Promo Codes: eto-bonus - $25 on deposit from $25; Bonus50 - $50 on deposit from $50; CRYPTO - $100 on deposit from $100
Until 1000 USDReceive
Bonus Astrocards
Until 100 %Receive
With each deposit of 200 USD/EUR and more, the client receives an additional bonus of 100% on the deposit amount
Until 15000 USDReceive
Cash Puzzle game with daily prizes
From 5 to 1000 USDReceive
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
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
There are mobile apps (iOS / Android)
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
Date of update
August 22, 2024
Overall assessment
8.3/10
    Address
    Suite 305, Griffith Corporate Centre, PO BOX 1510, Beachmont, Kingstown, Saint Vincent and the Grenadines

    Is WELTRADE a Scam? Complete Review and Real Customer Feedback

    Published: 22 May 2018 Updated: 22 August 2024

    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.

    Trading instruments and assets
    72%
    Withdrawal speed
    76%
    Brokerage commission
    73%
    Technical support
    78%
    3.7

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