| Forex broker | |
|---|---|
| Website | |
| Social media | |
| Date of foundation | 2007 |
| Head Office | Suite 305, Griffith Corporate Centre, PO BOX 1510, Beachmont, Kingstown, Saint Vincent and the Grenadines |
| The owner of the company | Systemgates Ltd. |
| Types of support | |
| Support by phone | |
| Languages | Russian, English, Spanish, Chinese, Vietnamese, Malaysian, Thai, Indonesian |
| Terminals | MetaTrader 4, MetaTrader 5, WebTrader, MetaTrader 4 MultiTerminal |
| Min. first deposit | From 25 USD |
| Broker fee | 1.5 pips on ZuluTrade account and 0.5% once at the moment of transaction opening on Crypto account |
| Lot volume | 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 To 1000 USD Bonus Astrocards To 100 % With each deposit of 200 USD/EUR and more, the client receives an additional bonus of 100% on the deposit amount To 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 | To 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 |
| Features of trade | Automated trading, copying trades |
| Execution of orders | Market Execution (at market price) |
| Methods of replenishment | Neteller, Perfect Money, Qiwi, Skrill, Wallet One, Webmoney, Alfa-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 Trading | |
| Weekend trading | Yes |
| Tournaments / contests | 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 |
| Benefits | 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 | 26.08.2022 |
| Overall assessment | 8.3/10 |
WELTRADE is it a scam? Reviews and description
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 popularity among traders and their acceptance the company became due to its own track record and a number of unique cooperation terms. However, the company doesn’t rest on its laurels and keeps its active growth, 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 of objective (relating to certain facts) and not objective (Weltrade is a scam, Forex scam lottery) 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 earning capacity depends on efficiency of its traders. The more effective is the trader, the more deals he is ready to make, the higher is the company income. If the trader isn’t effective, he may stop Forex trading at all, which will result the decrease of the company earning capacity. That’s why WELTRADE puts put considerable efforts for the quality traders training, on the regular basis publishes analytical reviews, delivers webinars and trainings.
One feature of the broker is the implementation of the trading account «CRYPTO», allowing to operate with a wide range of cryptocurrencies, including Bitcoin, Etherium, Monero, Ripple, Dash, Zcash. Due to high volatility of cryptoassets the WELTRADE traders have the chance to get the considerable income in the short term (are cryptocurrencies a scam?).
Summary
The WELTRADE broker is a quite old (over 11 years) and proven broker in the financial market, with large numbers of traders (over 100.000). Most likely, the significant amount of users is due to the high quality support service and custom-tailored attitude.
Отзывы
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Rate the review 000Broker refuses to withdraw funds
On April 28, 2022 I wanted to withdraw funds from the investor account. The broker said that withdrawal is not available in your region. I am from Belarus, all the payment systems work for us. It seems that the broker is bankrupt — write applications who deposited from the card to Chargeback before it… Read more
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Rate the review 000Best ecn broker
There 30 minutes withdrawal system was amazing I am happy client from 2014 I have got many withdrawals to skrill immediately I recommend beginners to use there micro account
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Rate the review 2+20No refunds
Under the pretext of supporting Ukraine, blocked the funds of ordinary citizens of Russia. Beware, the broker is politicized!!!
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Rate the review 00Initial acquaintance with the company Welltrade began...
Initial acquaintance with the company Welltrade began with the launch of cryptocurrency back in 2018. For me it was with MT, as well as the opportunity provided by the broker to trade cryptocurrencies, that became comfortable conditions for me. I can buy and sell without such exorbitant margin as on… Read more
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Rate the review 00I have been working with the company...
I have been working with the company for more than half a year, and I have never regretted working with them. Because it is the most contractual, honest and polite broker. They are always happy to help as far as advice is concerned. I never had any problem getting through to them, they always answer… Read more
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Rate the review 00WELTRADE started lying from the very beginning.
WELTRADE started lying from the very beginning… I wanted to take part in the last demo contest… I read a condition on a conclusion of profit from use of bonus and Reward means. and there it is written. 21.3.7. At transfer or a conclusion of any sum from the trading account, the bonus is written off…… Read more
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Rate the review 00I have been cooperating with the broker...
I have been cooperating with the broker for a long time. I am very happy with the conditions, especially with cent accounts. The big plus for me is the support and the possibility of personal communication. My account
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Rate the review 000You can write whatever you want in...
You can write whatever you want in the reviews, but negative reviews are not removed, because the broker knows, he works honestly decently. I have been trading through Veltrade for about two years, there is a micro account, which is a big plus for beginners.
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Rate the review 0+10They are blocked because they are crooks!
They are blocked because they are crooks! And one place burns that the broker figured them out and they write all kinds of nonsense. Calm down guys, learn to earn money honestly and there won’t be any problems then
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Rate the review 000I do not know what others say...
I do not know what others say there and who has what situations, but I like them, I withdrew my first income in 2 weeks, my account was not blocked, everything is great. Keep up the good work.
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Rate the review 000I read the reviews and was very...
I read the reviews and was very surprised. I work with the company recently, but I haven’t seen anything like delayed withdrawals, blocked accounts, lack of communication with technical support. I never met any delays in withdrawals, blocked accounts or lack of communication with technical support. I… Read more
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Rate the review 000This is not a broker, they don't...
This is not a broker, they don’t have a license in any jurisdiction, they cheat clients out of money, and then they write reviews like they have been working with them for years. The company is from Ukraine. A couple of weeks ago they blocked my account right after my withdrawal request — of course now… Read more
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Rate the review 000I have been working with the company...
I have been working with the company for more than 2 years now. I have been working with the company for two years now and everything is OK so far. (The markets have shaken, and for a trader the best conditions to earn is the crisis))
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Rate the review 000I have to say nothing about the...
I have to say nothing about the enormous spreads, wild swaps, and lack of adequate consultants. I don’t even need to talk about huge spreads, wild swaps and lack of adequate consultants.
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Rate the review 000Very high medium, the withdrawal lasts more...
Very high medium, the withdrawal lasts more than 3 days, or refuse at all under various pretexts. I do not advise it. Do not withstand any competition.
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Rate the review 000The quality of the face is blurred
The quality of the face is blurred, then you can see the digits. At first they dragged out the verification, then the mockery began — give them a photo with a passport and all kinds of papers, then the quality is wrong, then the face is blurred, then the digits are not visible. In short, the photos… Read more
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Rate the review 000I trade through forex brokers for a...
I trade through forex brokers for a very long time since 2013 I tried different brokers, both good and bad, but stopped at weltrade brokerage Company weltrade.com provides excellent trading conditions, provides many tools for trading, including cryptocurrency. Very good tech support Always happy to help… Read more
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Rate the review 000Just started work, so far all is...
Just started work, so far all is happy, support is at the highest level
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Rate the review 000I am handicapped and can do nothing...
I am handicapped and can do nothing but work on Forex. Welltrade was a ray of light in my dark life almost 10 years ago and makes me very happy. Different bonuses and contests let me know that I live and work and even earn money for my medicine the friendliness and responsiveness of the employees is… Read more
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Rate the review 000I started trading on WELTRADE in January...
I started trading on WELTRADE in January of this year, I got $25 bonus when I opened my account;
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Rate the review 000I fell for the advertisement, started trading...
I fell for the advertisement, started trading there at first, traded 1,000 in a couple of months, decided to withdraw…
And they blocked my deposit… I was really disappointed. I had my money for a long time… I had to get my money back with the help of lawyers. This site is ldprof.ru Now I trade… Read more -
Rate the review 000The company has no commission, although they...
The company has no commission, although they do not have much advertising. The manager helped with the issue. And in general the company helps a lot.
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Rate the review 000I have been cooperating with the company...
I have been cooperating with the company for more than 6 years, there have never been any problems, the employees meet me when there is a dispute… If only all brokers worked like that, there would be less disappointment.
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Rate the review 000I have been trading with the Welltrade...
I have been trading with the Welltrade broker for many years now. I have not had any problems or complaints from the broker for all the time I have been trading. Good trading conditions, user-friendly website and excellent technical support. I have never had any problems with their trading. Withdrawal… Read more
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Rate the review 000SO WHERE'S MY HONEST REVIEW...
SO WHERE’S MY HONEST REVIEW
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Rate the review 0+10Do not be fooled by beautiful advertising...
Do not be fooled by beautiful advertising reviews positive written by the DC workers themselves under different names
1) They do not have the NBRB license
2) different registration addresses that here and on their official site
3) they do not withdraw money
They react on XAU/USD 27.09.2019 on the 1-minute… Read more -
Rate the review 000I want to share my opinion about...
I want to share my opinion about the broker, Weltrade. I have known this company for a long time, for 4 years. But I only started to cooperate with it this year, 2019. The company gives me a lot of positive emotions. That’s why this review is positive. I will not carry out a comparative analysis in this… Read more
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Rate the review 000I am writing a review about the...
I am writing a review about the company, I have been working with the company for a long time, I do not remember the time either, more than a year, maybe even about two. Immediately specify my the last account and uploading a screenshot from the cabinet https://prnt.sc/n942x3. The situation on the face… Read more
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Rate the review 000I used to trade there on yexnes
I used to trade there on yexnes. Recently they improved execution and lowered spreads which is very encouraging
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Rate the review 000As many traders as there are opinions
As many traders as there are opinions, as long as I trade I see the same story when a trader earns with a broker and everything is great, when he loses his funds and God forbid the investors, everyone around is bad, But I can say that no matter how much I earned, and I had tens of thousands of dollars… Read more
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Rate the review 000I have been their client since September 2017
I was their client since September 2017, the account was verified, traded small amounts.
On 22.03. 2019, at 17:55 I received an email from with a notice of termination of my contract with weltrade for allegedly committing fraudulent activities, and that my account will be blocked by Monday evening. On… Read more -
Rate the review 000I see the bots came after my...
I see the bots came after my review, and the scandalous ones in a minute each. But that is not the point. The company withdrew the money, and every penny of it. I have no claims!
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Rate the review 000I have been trading on the platform...
I have been trading on the platform since last year, so far I am satisfied, funds are withdrawn quickly
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Rate the review 000I have been trading on WELTRADE since...
I have been trading on WELTRADE since January of this year.
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Rate the review 000I like the platform, it is convenient...
I like the platform, it is convenient to trade, I have withdrawn funds several times without any problems
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Rate the review 000I trade with WELTRADE recently, they withdraw...
I trade with WELTRADE recently, they withdraw money quickly, so far I am satisfied.
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Rate the review 000They withdraw quickly up to 15 minutes
They withdraw quickly up to 15 minutes. was in their office, helped with the registration of my signal on the zulu.
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Rate the review 000There are about 1900 dollars in the...
There are about 1900 dollars in the cabinet. The cabinet is blocked, there is no access to the account. Support every day says wait, do not explain anything thick. Trading account: 481152.
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Rate the review 000For all the time I've worked with...
For all the time I’ve worked with Expertoption I’ve had only positive impressions. The platform is comfortable, and the profits are not bad at all.
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