Weltrade minimum deposit
2 - only XAUUSD and XAGUSD are available for MICRO trading accounts. Minimum volume of one order, lots
New forex bonuses
Account types
Select an account that best suits your trading strategy
Account type
Average speed of deal execution
Quotation (number of marks after point)
Minimum volume of one order, lots
Maximum volume of one order, lots
Maximum number of open orders
Maximum number of pending orders
Micro
Premium
Zulutrade
Digital
- Minimum deposit 25 USD
- Average speed of deal execution from 0.9 second
- Account currency cents USD
cents EUR - Spread, pips floating
from 1.9 - Execution type market
- Quotation (number of marks after point) 5 marks
- Minimum volume of one order, lots 0.01
- Maximum volume of one order, lots 1000
- Maximum number of open orders 100
- Maximum number of pending orders 100
- Contract step 0.01
- Leverage 1:33 - 1:1000
- Maximum equity 1 unlimited
- Margin call level 20%
- Stop out level 10%
- Interest rate -
- Trading commission no
- Trading platform metatrader 4
metatrader 5 - Automatic trading
- Swap
- Forex
- Metals 2
- Commodities 3
- Minimum deposit 200 USD
- Average speed of deal execution from 0.8 second
- Account currency USD
EUR - Spread, pips floating
from 1.9 - Execution type market
- Quotation (number of marks after point) 5 marks
- Minimum volume of one order, lots 0.01
- Maximum volume of one order, lots 100
- Maximum number of open orders 150
- Maximum number of pending orders 100
- Contract step 0.01
- Leverage 1:33 - 1:1000
- Maximum equity 1 unlimited
- Margin call level 20%
- Stop out level 10%
- Interest rate 3.5%
- Trading commission no
- Trading platform metatrader 4
metatrader 5 - Automatic trading
- Swap
- Forex
- Metals 2
- Commodities 3
- Minimum deposit 500 USD
- Average speed of deal execution from 0.5 second
- Account currency USD
- Spread, pips floating
from 0.5 - Execution type market
- Quotation (number of marks after point) 5 marks
- Minimum volume of one order, lots 0.01
- Maximum volume of one order, lots 100
- Maximum number of open orders 150
- Maximum number of pending orders 100
- Contract step 0.01
- Leverage 1:1 - 1:1000
- Maximum equity 1 unlimited
- Margin call level 20%
- Stop out level 10%
- Interest rate 5%
- Trading commission no
- Trading platform metatrader 4
metatrader 5 - Automatic trading
- Swap
- Forex
- Metals 2
- Commodities 3
- Minimum deposit 200 USD
- Average speed of deal execution from 0.7 second
- Account currency USD
- Spread, pips floating
from 2.9 - Execution type market
- Quotation (number of marks after point) 5 marks
- Minimum volume of one order, lots 0.01
- Maximum volume of one order, lots 100
- Maximum number of open orders 100
- Maximum number of pending orders 100
- Contract step 0.01
- Leverage 1:33 - 1:500
- Maximum equity 1 unlimited
- Margin call level 20%
- Stop out level 10%
- Interest rate -
- Trading commission 1.5 points
- Trading platform metatrader 4
- Automatic trading
- Swap
- Forex
- Metals 2
- Commodities 3
- Minimum deposit 50 USD
- Average speed of deal execution from 0.7 second
- Account currency USD
- Spread, pips floating
from 0 - Execution type market
- Quotation (number of marks after point) 5 marks
- Minimum volume of one order, lots 0.01
- Maximum volume of one order, lots 100
- Maximum number of open orders 100
- Maximum number of pending orders 100
- Contract step 0.01
- Leverage 1:3 - 1:20
- Maximum equity 1 unlimited
- Margin call level 40%
- Stop out level 20%
- Interest rate -
- Trading commission no
- Trading platform metatrader 4
metatrader 5 - Automatic trading
- Swap
- Forex
- Metals 2
- Commodities 3
1 - A MICRO account is designed for training purposes and familiarization with trading conditions and market orders execution quality. Taking into account your trading skills, our company reserves the right to limit trading activity on this account type and propose transfer of trading activity to premium, pro, zulutrade acounts. Transfering funds between accounts is free of charge.
2 - only XAUUSD and XAGUSD are available for MICRO trading accounts.
3 - minimum order volume and order step for XBRUSD and XTIUSD - 0.1 lot.
Suite 305, griffith corporate centre, PO BOX 1510, beachmont, kingstown, saint vincent and the grenadines
Weltrade
Risk warning: your capital is at risk. Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 58-89% of retail investor accounts lose money when trading cfds. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money. Please be advised that certain brokers, products, bonus and/or leverage may not be available for traders from some countries due to legal restrictions.
Risk warning: your capital is at risk. Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 58-89% of retail investor accounts lose money when trading cfds. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money. Please be advised that certain brokers, products, bonus and/or leverage may not be available for traders from some countries due to legal restrictions.
Alternatives
Forum, user reviews and feedbacks
Alternatives
Risk warning: investments involve a high level of risk. It is possible to lose all your capital. Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 58-89% of retail investor accounts lose money when trading cfds. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.
The information on this site is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation and is not directed at residents of: belgium · france · japan · latvia · turkey · united states ·
Weltrade review
Weltrade is a well-established broker since 2006. Weltrade has headquarters in belarus, russian federation, thailand, ukraine and viet nam. They are generally well-suited for weltrade to provide their forex/CFD trading services to global clients.
This broker has also been regulated by IFSC (belize) IFSC/60/350/TS/15-16. Simple yet detailed information upon this broker can be seen below.
Company information
Country
belarus, russian federation, thailand, ukraine and viet nam
Regulation
IFSC (belize) IFSC/60/350/TS/15-16
Features
Interest rate on funds
Islamic accounts available
Account information
This broker offers micro, premium, zulutrade, pro and crypto. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by weltrade is up to 1:500. Meanwhile, you can open an account with a starting capital of $25
If you want to look for further information about this broker's offered account(s), please take a look at the list below.
Minimum deposit $25
Minimum position 0.01 lot
Instruments traded
Besides lots of currency pair, weltrade also offers some instruments you would like to trade on, such as forex and gold & silver for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
Minimum deposit $200
Minimum position 0.01 lot
Overnight interest rates (swaps)
Instruments traded
Besides lots of currency pair, weltrade also offers some instruments you would like to trade on, such as forex, gold & silver and CFD for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
Minimum deposit $200
Minimum position 0.01 lot
Instruments traded
Besides lots of currency pair, weltrade also offers some instruments you would like to trade on, such as forex and gold & silver for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
Minimum deposit $500
Minimum position 0.01 lot
Overnight interest rates (swaps)
Instruments traded
Besides lots of currency pair, weltrade also offers some instruments you would like to trade on, such as forex, gold & silver, CFD and oil for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
Minimum deposit $50
Minimum position 0.01 lot
Instruments traded
Besides lots of currency pair, weltrade also offers some instruments you would like to trade on, such as cryptocurrencies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
Cryptocurrencies
1:20
Payment methods
Bitcoin : as a payment method, bitcoin is reliable for its low cost and quick process. Brokers have been integrating bitcoin as one of their funding methods especially after the cryptocurrency's rise in popularity. Now, traders who have digital wallets can easily transfer their funds to and from their trading accounts.
Cashu : if you live in the middle east, cashu is one of the most popular online payment services there. Cashu is a digital wallet that allows clients to pay or transfer money online instantly and offer users its own pre-paid mastercard with no absolutely additional fees attached. Introduced in july 2002, cashu has targeted the middle east and north african markets where it serves close to 2.3 million customers. This is the reason why many of the forex brokers that are expanding in the north african and middle east market accept cashu as one of their payment methods.
Fasapay : known as an e-payment for retail forex traders, fasapay does not require a huge amount of fee, giving it a competitive edge among any other e-payments in the forex brokerage industry. Instant process is also featured as one of its advantages.
Neteller : like paypal, neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept neteller as a payment method for their clients' fund deposit and withdrawal. Although the neteller system is available almost all over the world, it remains particularly popular in europe.
QIWI : qiwi is an e-wallet or electronic payment service provider from rusia that is introduced in 2007. The service is mainly used by individuals and businesses in russia, ukraine, kazakhstan, moldova, belarus, romania, the US, and the UAE.
Skrill : mostly, all forex brokers provide skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a skrill e-wallet account.
Webmoney : webmoney is one of the major online wallet services which many people use to send money around the world. For this reason, there is a large number of forex brokers that accept webmoney today. Like other online payment services today, webmoney is supported by mobile applications to make transactions more efficient.
Wire transfer : wire transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.
Weltrade also provides payment with credit/debit cards, easypay, ethereum, liqpay, litecoin, perfect money and ripple
Trading platforms
Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.
Hereby, weltrade offers you metatrader 4 (limited with 90 days of inactivity).
Customer support
Do you have any question or find any trouble related to weltrade? If you do, you should reach weltrade's support to get the information that you need. Here is the detail of the broker's customer support:
Weltrade review and tutorial 2021
Weltrade is an established online broker providing tight spreads & powerful tools.
Weltrade provides leveraged trading in the highly-liquid FX market.
Trade crypto-only pairs and crypto coins against fiat currencies.
Weltrade offers forex and commodity trading on several live accounts, including their zulutrade and ECN options. This broker review will tour the platform and provide everything you need, including regulation, bitcoin spreads, promo codes, and minimum deposits.
Weltrade details
Weltrade was founded in 2006 and is now based in 15 countries worldwide, with global headquarters in saint vincent and the grenadines. The broker follows an STP model, offering generous leverage on 5 account types, as well as a VPS service, trading signals and bonuses.
Following 14 years in the forex market, the group has secured 170,000 clients and is particularly popular in asia, specifically thailand, malaysia, indonesia, laos and vietnam.
Trading platforms review
Metatrader 4
MT4 is an impressive platform with rich trading features designed for advanced and automated analysis. Price tracking is made easy and accurate, with over 50 technical tools, plus multiple chart types and timeframes. Traders can also place orders from the market watch window and research previous market movements in the detailed history centre.
MT4 can be downloaded onto windows computers from the broker’s website
Metatrader 5
Professional or seasoned traders will likely prefer the MT5 terminal, built with even more power than MT4 and featuring advanced tools for in-depth technical analysis. Traders enjoy over 80 pre-loaded indicators and drawing tools, as well as 21 timeframes. In addition, users can access an economic calendar, depth of market view and trading robots.
MT5 can be downloaded onto windows computers from the broker’s website.
Metatrader webtrader
The web terminal provides access to metatrader 4 and metatrader 5 for macos users, or those who don’t want to download additional software. The web platform offers the same reliability and speed as the desktop versions, with all the advanced features needed for both casual and full-time traders.
Markets
There are 77 instruments on offer at weltrade, including 37 currency pairs such as EUR/USD, 15 cryptocurrency pairs including bitcoin, plus precious metals and oils. Whilst the range of assets is fairly good, this review would have liked to see access to stocks and indices.
Spreads & commissions
Spreads start at around 1.5 pips for EUR/USD with the starter micro account, which reduces to 0.5 pips in the pro account. Trading is commission-free at weltrade unless you choose the zulutrade account, which charges 1.5 points per contract.
Traders should also be aware of swap fees, which are charged when you carry over positions into the following day. These are tripled from wednesday to thursday.
Leverage
Depending on the weltrade account you choose, maximum leverage of 1:1000 is possible. A lower limit of 1:500 is offered in the zulutrade account, whilst only 1:20 is possible in the digital account. Traders should understand the risks when trading with high leverage.
Mobile apps
Both metatrader 4 and metatrader 5 are available as mobile apps for iphone (ios) and android (APK) users. The apps allow traders to easily transition from desktop to mobile investing, with access to essential trading features and account management tools.
Zulutrade account holders can also download the zulutrade signals app. Users can automatically execute selected signals whilst on the go and without needing to monitor the markets around the clock.
Payment methods
To finance accounts, weltrade offers plenty of instant funding options, including bank transfer, card payments, and e-wallets such as skrill and neteller. You can also deposit by cryptocurrencies. All methods are fee-free, apart from cryptos and bank transfer, which may incur a network or bank tariff. The minimum deposit is just $25, making the broker a viable option for many beginners.
Withdrawals are processed within 30 minutes, 7 days a week, but clearing times will depend on the bank or payment processor. Withdrawal fees range from 0.5% to 2%, but some methods are free, including indonesian local banks and wallet one.
Deposits and withdrawals can be made from within the client cabinet.
Demo account
Users can open a training account loaded with $100,000 in virtual cash, to make real-time transactions and refine a strategy. Demo accounts at weltrade don’t expire and there’s no monetary risk involved, so users can have peace of mind when browsing the platforms. The broker also regularly runs demo account contests, such as the hot 100 and hot 200, with prizes up for grabs.
Bonuses & promos
Weltrade has a diverse range of active deals and promotions, including prize draws for cash rewards, on-deposit bonuses, spinner and puzzle games, and even an opportunity to win an iphone 11 pro max. The broker has also offered welcome no deposit bonuses (NDB) and cash rebates in the past.
Always check a promotion’s terms and conditions before participating.
Regulation
Weltrade, a trading name of systemgates ltd, is registered in saint vincent and the grenadines, a popular offshore broker location. The company claims to be licensed, however limited information is provided around licensing conditions, which may raise scam concerns.
Note that the financial service authority in SVG will not provide any protection of client funds or compensation if the company becomes insolvent.
Additional features
There are a few useful additional features at weltrade, including the zulutrade signals service, VPS virtual hosting for copy trade functionality, and a digital safe, which allows you to earn up to 12% per annum. There’s also a useful trading calculator to calculate pip values and margin requirements, plus an economic calendar.
Weltrade is a little light when it comes to educational resources, however. They do offer online seminars and training, but these are only accessible with a subscription.
Weltrade accounts
Traders can choose from five accounts at weltrade: micro, premium, pro, zulutrade, and digital. All accounts require a 0.01 lot minimum position size.
- Micro (cent account) – $25 minimum deposit, floating spreads from 1.9 pips, designed for training purposes, leverage up to 1:1000
- Premium – $200 minimum deposit, floating spreads from 1.9 pips, 3.5% interest rate, leverage up to 1:1000
- Pro – $500 minimum deposit, floating ECN spreads from 0.5 pips, 5% interest rate, fastest execution, leverage up to 1:1000
- Zulutrade – $200 minimum deposit, floating spreads from 2.9 pips, 1.5 points commission, leverage up to 1:500, MT4 only
- Digital – $50 minimum deposit, cryptocurrency trading only, leverage up to 1:20
Benefits
There are a few features, in particular, that we rated vs the likes of FBS, including:
- Range of bonuses and promotions
- Commission-free trading
- Cryptocurrency account
- Good funding options
- Zulutrade signals
Drawbacks
Weltrade could improve in the following areas:
- Indices and shares not offered
- Limited educational content
Trading hours
Forex is a 24-hour market, but specific trading sessions will depend on the instrument. Traders can check the metatrader platforms for these trading times. Note that there is often a break in trading for certain instruments; these are provided in the trading specifications or by the customer support team.
Customer support
There are several ways you can get in touch with weltrade, the fastest being the live chat service. You can also try emailing the broker at info@weltrade.Com or calling one of the 15 international phone numbers listed on the website. Customer support is also available from within the client cabinet.
Client security
Weltrade is a secure broker. MT4 and MT5 are fully encrypted with SSL technology and users can apply email and phone verification at the login stage for added security. Transactions are also carried out within the personal area cashier.
Weltrade verdict
Weltrade offers a good range of account types with reasonable minimum deposits on the metatrader platforms. The variety of assets and educational content is a bit limited, but the offering of demo contests and other bonuses may be enough to entice new traders.
Accepted countries
Weltrade accepts traders from australia, thailand, united kingdom, south africa, singapore, hong kong, india, france, germany, norway, sweden, italy, denmark, united arab emirates, saudi arabia, kuwait, luxembourg, qatar and most other countries.
Traders can not use weltrade from united states, canada.
Is weltrade a scam?
Systemgates ltd (weltrade) is unregulated and registered offshore in saint vincent and the grenadines. The broker is a legitimate company, but traders should be wary of online scam warnings before opening an account.
Where is weltrade based?
Weltrade is headquartered in saint vincent and the grenadines but has various other support offices located in latin america and asia, including thailand, indonesia, malaysia, vietnam, laos, chile, colombia, mexico, and peru.
How do I open a live account with weltrade?
A live account can be opened easily using the online registration form on the website. You can also sign in using your google or facebook account. You can then set up your live login details for MT4 or MT5.
Does weltrade offer any promo codes or no deposit bonuses?
You can find a full list of available welcome bonuses and ongoing promotions on the website, which may from time to time include promo codes and no deposit bonuses.
Does weltrade accept clients from australia?
Yes, traders from australia are accepted. Note clients from the US and canada are not accepted.
Weltrade review: scam or legit?
Weltrade is an unregulated forex brokerage that provides traders across the globe with a limited choice of trading instruments. However, the most trusted trading brokers' review teams did not find them to have good spreads and execution.
Read the entire review to get informed on all the details regarding this financial services provider. This guide will shed light on weltrade: scam or legit? Can you withdraw profits?
About weltrade
Operating since 2006, weltrade (formerly, systemforex) is an offshore broker offering trading in currency pairs, various cfds, as well as precious metals through the popular metatrader 4. Currently, the broker provides its services to customers from 18 countries, operating offices in russia, ukraine, belarus, and thailand.
Systemgates capital ltd., which owns the brand weltrade is registered on the st. Vincent and the grenadines, but does not hold any license and don’t have to comply with any requirements as regards minimum capital or segregation of client’s’ funds, for instance.
Stop-loss hunting and slippage is part of the weltrade broker situation as well. While weltrade support can not be tested anyhow, many traders have complained about execution inefficiency.
As mentioned, the corporate background of the operation is extensive and intricate.
Clients of weltrade who would like to make use of auto trading, but shun zulutrade, can check out metatrader trading signals – another possibility to copy the signals of successful traders.
Weltrade methods of payment
Clients of weltrade are offered a variety of payment modes: credit/debit cards (visa, mastercard), bank wire transfer, and the following e-wallets: skrill, neteller, QIWI, yandex, cashu, fasapay, perfect money, деньги, OKPAY, easypay, liqpay.Com, QIWI, monetaru.
All deposit methods are free of charge with this broker.
Conclusion
Weltrade is an unregulated, offshore broker and that significantly lowers its credibility. But most importantly, there is no online visibility and credibility, plus a lot of negative reviews, actually, more than 80% of them complained about poor services.
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Cfds are complex financial instruments traded on margin. Trading cfds carries a high level of risk and may not be suitable for all investors. Please ensure that you understand the risks involved as you may lose all your invested capital. Past performance of cfds is not a reliable indicator of future performance. Most cfds have no set maturity date and a CFD position matures on the date an open position is closed. Please read our ‘risk disclosure notice’. When trading cfds with AM globe services LTD, you are merely trading on the outcome of a financial instrument and therefore do not take delivery of any underlying instrument, nor are you entitled to any dividends payable or any other benefits related to the same.
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Weltrade
Weltrade - is an international brokerage company providing services in the field of finance and online trading. Weltrade company was founded in russia in 2006, but it was called differently - systemforex. In 2012, there was a re-branding of the company, and it changed its name to weltrade. The reason for the rebranding was the union of several companies into one and access to the asian market. Now weltrade broker traded more than 100,000 traders from russia, ukraine, belarus, kazakhstan, thailand, indonesia, vietnam, colombia and other countries. Weltrade, being an STP broker, providing cost-effective and transparent trading environment for trading:
- The minimum spread and speed of execution of orders is ensured by leading liquidity providers;
- Leverage up to 1: 2000;
- A minimum deposit of $ 25;
- Availability cent and swap-free accounts;
- Allow automatic trading advisors with assistance;
- Quick withdrawal at any day of the week.
Also weltrade company provides the following services:
- Trade on forex (35 currency pairs, 4 precious metals on SPOT and SPOT 2 on products, as well as 9 CFD-contracts for indices);
- The zulutrade service - copying deals of successful traders;
- Provision of VPS-server for uninterrupted trade with the help of advisors;
- Accrual of 12% per annum on the balance in the account with the service "safe";
- Returns the spread up to 2 $ per 1 lot with the service "piggy";
- 100% bonus when funding the deposit of $ 200;
- A wide range of funding your account (more than 30 ways) without commission;
- Contests among demo accounts, with a prize fund of $ 5000;
- Weltrade club loyalty program;
- Forex analytics and forecasts for each day;
- Free forex training (video courses, workshops and webinars);
- Clock technical support;
- Profitable affiliate program.
Regulation weltrade
The brand is owned by weltrade systemgates capital ltd., which holds a license number the IFSC / 60/350 / TS / 15-16, issued by the IFSC ( «commission on international financial services") in belize. Because the controller is in the offshore zone, then the credibility of the low it. But when you consider that weltrade received this license in december 2015, and before that he did not have any licenses for brokerage activity, then it is something.
Important! From 1 march 2017 all PAMM-accounts will be closed forcibly. On site weltrade this decision is due to a change in the company's development goals, as well as the technical features of the software.
Conclusions
Thus, the company is an interesting weltrade broker, providing cost-effective and transparent trading environment. In the market the broker is more than 10 years, which is a good indicator of its reliable reputation. Weltrade positioning itself as STP-broker, offering the minimum spread and fast execution of orders on the trading pro account. Profit is paid for 30 minutes every weekday. Before making a final decision when choosing a broker, be sure to familiarize yourself with weltrade reviews on our site.
Weltrade.Com review
Weltrade is an online forex broker. Wel trade offers the metatrader 4, metatrader 5, and MT mobile currency trading top platforms. Weltrade.Com over 35 forex currency pairs, commodities, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options.
Broker details
| established: | 2006 |
| address: | suite 305, griffith corporate centre, PO BOX 1510, beachmont, kingstown, saint vincent and grenadines |
| contact: | info@weltrade.Com, +44-20-34116458 |
| regional offices: | |
| regulators: | |
| prohibited countries: |
| deposit methods: | VISA, mastercard, bitcoin, ether/ethereum, fasapay, litecoin, local bank transfers, neteller, other crypto currencies, perfectmoney, qiwi, skrill, walletone, webmoney |
| withdrawal methods: | VISA, mastercard, bitcoin, ether/ethereum, fasapay, litecoin, local bank transfers, neteller, other crypto currencies, perfectmoney, qiwi, skrill, walletone, webmoney |
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Traders reviews
Length of use: 0-3 months
Length of use: 3-6 months
Length of use: 3-6 months
Length of use: over 1 year
The one star is a negative one - 1
Terrible they say they have lowered there spread.
What they don't tell you is 30-60 mins before session closes they will increase over 5x more than their average (which is already bad btw)
you might think i'm just crying because i lost money. That's not the case
I will give you example :
GBPUSD average spread through day is about 50
as market approach close time this increased to a massive 250 ??
And i'm not talking just a spike either it was around 200 for about 30-60 mins.
They also like to turn their server of 2 mins before market is supposed to close. So if you are insane and do use this broker just make sure you close trades a good 1-2 hours before 2 market closes
If you ask them they will give you the usual "market conditions caused it" nonsense
Put their tick charts next to any other brokers and see for yourself not going to name other brokers but average spread among 4-5 other brokers was about 40 - 60 at the same time theirs was 250 . Scam scandal rubbish
7 binary options
Weltrade
Weltrade has been in business since 2006; it was formerly called systemforex. The company is an offshore broker that offers trading of various currency pairs, cfds, in addition to precious metals. Traders can trade via the metatrader 4 platform. Weltrade operates in over 18 countries across the world with offices in thailand, russia, belarus, and ukraine.
Weltrade is a brand owned by systemgates capital ltd. The company holds the license for financial trading and its commodity derivatives as well as securities issued by the international financial services commission or IFSC in belize.
Interestingly belize is a popular destination for many financial services provides. The big reason being that the jurisdiction is famous for having comparatively lenient licensing requirements. As a matter of fact, many forex brokers choose to set up shop in belize owing to the ease of doing business.
The rules are a lot less strict and softer requirements means that brokers can offer many flexible options to traders as opposed to if they were registered in the united kingdom or america. The IFC interestingly relies on forex brokers’ self-regulation.
There are many advantages to trading with weltrade
It is important to note that starting from the beginning of 2016 belize has taken a number of steps to tighten their regulation. For starters, the IFSC increased the required minimum capital requirement for binary options brokers offering commodity based and financial derivatives from a mere $100,000 to $500,000.
Also, the IFSC raised the annual license fee from just $5000 to $25000. If anything the regulation offered in belize is far better than that of st. Vincent and the grenadines where all brokers need to do is to fill out a simple registration form.
Plus, they are not required to comply with any financial requirements in regards to a minimum capital or having a segregated account for traders’ funds. That said the regulatory oversight provided by IFSC is still not as good or perhaps strict as that by the UK or US watchdogs.
Traders that intend to invest a great deal of money would be advised to choose a forex or commodities broker that’s licensed in the US, UK or cyprus. Strict regulation and a good compensation scheme ensure that your investment is protected in the event the broker is insolvent.
Minimum deposit
Traders will need to deposit at least $25 into their account, which is a comparatively low initial amount and something that even a newbie trader can afford. Now compare that with a similar company named forexbrokerinc which is also licensed in belize but requires a $100 minimum deposit, and also liteforex which just requires $10.
Commissions charges and spreads
Weltrade offers both variable and fixed spread options on all of their account types. The only one exempted is the zulutrade account since it is commission free. The fixed spreads offered by the company is around 2 pips on the EUR/USD currency pair with tight floating spreads at approximately 0.5 pips on the EUR/USD pair.
These spreads can be considered an industry average. Though compared with forexbrokerinc which provides a 0.7 pip spread with a +1 pip of commission they are cheaper.
Maximum leverage offered
Weltrade offers a maximum leverage of around 1:1000. Now compared with forexbrokerinc which provides a 1:500 they are 50x higher. However, it is important to note that with a higher leverage comes a greater magnitude of financial loss in the event of a losing trade. So, it’s important to use leverage wisely.
The possibility of a magnifying loss is the reason why many jurisdictions have a limitation of the average spreads offered. For instance in america the max spread is 1:50, and japan has set it to 1:25. This is done to ensure that traders don’t suddenly end bankrupted by one wrong decision.
Types of trading accounts
Weltrade currently offers three types of accounts the first is their micro account, followed by the premium and then the pro account. All the accounts are commission free and offer up to a 1:500 leverage, which applies to micro lots as well.
The broker has partnered with another company called zulutrade which is one of the oldest and immensely popular social trading services. The partnership allows clients to opt into following signals sent by professionals to automatically control trading via their accounts.
The trading platform
Weltrade has ensured that everyone can trade via the service by incorporating the immensely popular metatrader 4 (MT4) platform. The MT4 platform is the go-to one for most experienced traders and is easy to learn for newbie traders.
Weltrade is having a trading contest, which experienced brokers will appreciate
The platform has just about everything to offer that a trader will need including advanced charting features, technical indicators, support for expert advisors and a huge number of EA backtesting features.
Traders have the ability to download trading strategies or they can create their own automated one after which the program will just run on its own. You can also use a VPS service which allows clients to execute trades 24 hours a day and 5 days a week even when their computers are not on.
Weltrade clients who want to use auto trading features but don’t want to use zulutrade can use MT4’s trading signals. They can also copy signals from other successful traders.
The other feature worth noting about weltrade is the fact that they offer metatrader 4 multiterminal support. It is an excellent platform for traders who need to manage the portfolio of clients. It makes working on multiple accounts simultaneously easier.
Weltrade is regulated in belize
Promotions and bonuses
Weltrade offers a few promotions and bonuses which they may change from time to time. Currently they offer:
- A 100% welcome bonus on a deposit of over 200 EUR or USD
- A free iphone 6S meant for clients who deposit at least $5000 and then trade 450 lots.
Payment methods accepted
Traders using weltrade are treated to many different modes of payment like credit/debit cards, regular wire transfers, and the use of ewallets like neteller, skrill, yandex, QIWI, fasapay, cashu, easypay, perfect money, liqpay.Com, OKPAY, monetaru, and деньги.
The broker does not levy a charge on the deposits made by traders.
Final verdict
However, our one point of concern is with the comparatively loose regulation associated with being based in belize. Below are some of the pros and cons of using weltrade as your broker
Weltrade review south africa – unbiased pros & cons revealed ( 2021 )
WHAT IS WELTRADE?
According to research in south africa, weltrade has been operating since 2006 with a team of 65 professionals with extensive international experience in finance and internet technologies.
The company provides traders with 24-hour high-quality service and an individual approach to each client, with direct communication as its top priority.
The company has its headquarters in kingstown, st. Vincent and the grenadines, functioning as an offshore broker offering trading in currency pairs, various cfds, as well as precious metals through the popular metatrader4.
The company provides its services to customers from 18 countries, operating offices in russia, ukraine, belarus and thailand.
Potential traders should note that st. Vincent and the grenadines is notorious for its lax regulatory structure, and has become something of a safe haven for illegitimate brokers.
SAFE OR SCAM?
Systemgates capital ltd., which owns the brand weltrade is registered on the st. Vincent and the grenadines, but does not hold any license.
Therefore the company is not required to comply with any requirements as regards minimum capital or segregation of client’s’ funds, for instance.
It is typically recommended for traders who intend on investing a large amount of money to select forex brokers which are licensed in the UK, cyprus, the EU or the US.
These countries and regions typically have stringent regulatory bodies which oversee the brokers and enjoy compensation schemes which protect the client’s money in case of insolvency.
Weltrade is an unregulated, offshore broker and that significantly lowers its credibility, and traders would be advised to weigh this in the balance against some of the advantages of trading with this broker.
WELTRADE REVIEW OF PRO AND CONS
| PROS | CONS |
| 1. Low initial deposit | 1. Poorly regulated |
| 2. MT4 and MT5 platforms | |
| 3. High leverage |
LEVERAGE
The maximum leverage rates at weltrade are high, reaching 1:1000, while many other reputable brokers will typically offer leverage of up to 1:200 or 1:500.
While leverage is a useful tool which can serve to maximize a traders’ returns significantly, it can also work adversely and result in serious losses, particularly for those who trade with a high margin.
It is for this reason that many jurisdictions set limitations on leverage, which are considerably lower, for instance 1:50 in the USA and 1:25 in japan.
While weltrade’s high leverage is an enticing incentive to invest with them, it is also another example of the trading conditions apparent in regions such as st vincent and the grenadines, where regulatory requirements are almost non-existent.
ACCOUNTS
Weltrade offers three types of account, namely micro, premium and pro. All of them are commission-free and offer leverage up to 1:500, as well as micro lots for trade.
Added to this, weltrade has partnered with zulutrade – one of the oldest and most popular social trading platforms – in order to provide its clients with the option to follow signals of professional traders for automatic control of their accounts.
Micro account
The micro account includes the following specifications:
- Minimum deposit: 25 USD
- Average speed of deal execution: from 0.9 seconds
- Account currency: cents USD, cents EUR
- Spread, pips: floating from 1.9
- Execution type: market
- Quotation: 5 marks
- Leverage: 1:33 – 1:1000
Premium account
The premium account comes with the following specifications:
- Minimum deposit: 200 USD
- Average speed of deal execution: from 0.8 second
- Account currency: USD, EUR
- Spread, pips: floating from 1.9
- Execution type: market
- Quotation: 5 marks
- Leverage: 1:33 – 1:1000
Pro account
The pro account comes with the following specifications:
- Minimum deposit: 500 USD
- Average speed of deal execution: from 0.5 second
- Account currency: USD
- Spread, pips: floating from 0.5
- Execution type: market
- Quotation: 5 marks
- Leverage: 1:33 – 1:1000
MARKET INSTRUMENTS
Weltrade offers a wealth of trading instruments across all of its different account types.
Weltrade offers both fixed and variable spreads and all account types, except the zulutrade one, are commission-free.
Fixed spreads amount to 2 pips on EUR/USD, which is average, and floating spreads are tight, starting from 0.5 pips on EUR/USD.
Such fixed spreads are considered average for the forex market, and other brokers provide spreads averaged at 0.7 pips on EUR/USD + 1 pip commission.
DEPOSIT AND WITHDRAWAL
Weltrade offers more than 30 ways to deposit into a trading account with no commission. These payment systems include:
- Skrill
- Neteller
- Webmoney
- Perfect money
- Qiwi wallet
- Wallet one
- Fasapay
The minimal sum required to open an account with weltrade is $25, a low initial amount, which is reasonable, considering the liberal regulation.
A service fee is payable on the withdrawal of funds, which can also be conducted through:
- Skrill
- Neteller
- Webmoney
- Perfect money
- Qiwi wallet
- Wallet one
- Fasapay
Service fees for the more popular services include:
- 2% + 3.0 USD
- 1.2% + 2.7 EUR
- 1.9% (min 50 RUB)
TRADING PLATFORMS
Weltrade offers both metaquotes’ platforms, namely metatrader4 and metatrader5. Metatrader4 and metatrader5 applications traders you to enjoy all functions of the platforms and trade on the go using any mobile device and tablets running on android.
Metatrader4 and metatrader5 for iphones and ipads are available for free in the app store to make the trading experience easy and mobile.
The web platform allows clients to trade forex from any browser and operating system, and metatrader4 multiterminal is a new component that is mostly helpful for those who manage investors accounts and for traders working with many accounts simultaneously.
Metatrader4
The ever popular metatrader4 (MT4) is still the preferred choice of most experienced traders.
The platform offers all a trader needs: a number of built-in technical indicators, advanced charting package, a wide range of expert advisors (eas) and extensive EA back-testing options.
Traders can download ready-made or create their own automated trading strategies and simply let the program do all the work.
Metatrader4 is a free program for online trading on the forex market with impressive analytical capabilities, and more than 50 built-in indicators and tools.
VPS service is also available, allowing clients to trade 24 hours a day 5 days a week even if their computers are off.
Metatrader5
Metatrader5 is a multi-asset platform offering outstanding trading possibilities and technical analysis tools, as well as enabling the use of automated trading systems, robots and copy trading.
Metatrader5 also offers innovative functionality: multicurrency strategy tester, “market depth” function, built-in MQL5 store, new types of pending orders, and also higher execution speed.
Clients of weltrade who would like to make use of auto trading, but shun zulutrade, can make use of metatrader trading signals – another possibility to copy the signals of successful traders.
What is more, this broker offers the metatrader 4 multiterminal, which is mostly helpful for those who manage investors’ accounts and for traders working with many accounts simultaneously.
HOW TO OPEN AN ACCOUNT
The weltrade review is simple and easy.
Potential traders can open a live account by registering directly through the company’s website.
The company also offers a free demo account, which enables newbie traders to practice trading in a safe and secure simulated trading environment.
CUSTOMER SUPPORT
Weltrade offers reasonable customer support in a variety of different languages. The company’s support offering caters to clients in indonesia, thailand, vietnam, laos, peru, colombia, argentina, mexico, and china, to name a few.
Clients can contact the company through a message, live chat, or a requested call back, while more specific options can be emailed directly to the relevant departments.
EDUCATION
Apart from its free demo account, the company offers useful educational tools which allow newbie traders to learn about forex trading. These tools include seminars and a metrader guide.
Weltrade seminars will help traders to consolidate their skills and learn how to increase the profitability of operations on the forex market.
The company’s speakers are experienced traders who are ready to share their knowledge. Each lesson includes a lively discussion of the most relevant topics and detailed answers from professionals to the questions from the audience.
Metatrader guide
After opening an account in their personal area, traders will receive an email with login and password to the trading account in metatrader.
Traders then need to download and install metatrader terminal or use metatrader web-platform. Using weltrade’s guide, in just a few minutes, new traders can become acquainted with the trading terminal, deposit into accounts and open a deal.
RESEARCH
Weltrade’s research offering includes a trading calculator and an economic calendar which allows traders to keep abreast of developments on the forex market.
Trading calculator
This tool enables traders to calculate the value of a pip, the volume of swaps as well as the margin requirements for various trading instruments.
Economic calendar
The economic calendar allows traders to study the current value and the forecast of a variety of events and indicators from regions all over the world. The calendar will then indicate priority trades as they occur.
AWARDS
- In 2019 the company was recognized as the best foreign broker at the asia forex expo 2019 international exhibition and gained the award for best foreign broker 2019. This award indicates that the high quality of the company’s services was honoured by traders from all over the world.
- In september 2017, the company won best customer service award.
- On september 25, 2015, the official awarding ceremony forex expo awards in russia was held, where company received an award for best forex affiliate program. The affiliate program offers its partners the best conditions of cooperation and up to 85% of spread.
CONCLUSION
Weltrade does offer a number of enticing incentives to trade with them, most notably their low initial deposit, high leverage and range of prospective bonuses.
Added to this, the company offers the highly popular metatrader4 and metatrader5 platforms, which can be seamlessly integrated across a range of interfaces, allowing clients to execute trades easily.
The company also offers a wealth of trading instruments and a number of educational and research tools with which to learn the variables on these tools and perform their trades with precision and insight.
While the company has garnered several awards, these have typically come from institutions in regions which are not particularly well-recognized for their trading standards or high level of regulation.
As such, weltrade is an unregulated, offshore broker and that significantly lowers its credibility. The company operates out of st. Vincent and the grenadines, a region which is notorious for its lax regulations, making it a safe haven for less reputable brokers.
A number of reports and feedback online speak broadly to this problem, with traders complaining of being scammed or of unfair cancellations made by the company.
All in all, potential traders should weigh these factors in the balance against the multiple trade offerings which the company provides.
Once again, traders who wish to invest a high amount of funds should carefully consider making use of brokers which offer such high margins as weltrade, as the potential losses can be severe (though they can also be maximized).
DISCLAIMER
The client understands that the risk of suffering trading losses may be quite significant. Client should analyse his financial capabilities before engaging in trading operations.
The client realizes that he may completely lose his all initial funds and any additional funds used when trading on the market.
The client agrees that the company cannot be held responsible for client’s losses caused, directly or indirectly, by the government restrictions, restrictions of foreign exchange or market rules, suspension of trading, military operations, or ‘force majeure circumstances’.
The client must informed about additional risks associated with the specifics of functioning of e-trade systems and the problems of internet communication nodes.
The client bears full responsibility for the risks associated with the storage of trading account access data, and must ensure that third parties cannot access the trade terminals.
The client’s losses and risks associated with the restoration of access to the trading account place no obligations on the company, other than to provide new access data to the client upon sufficient and unambiguous identification of the client as the holder of this account, according to research in south africa.
So, let's see, what we have: investing more, you automatically get better conditions for trading and additional set of special services. At weltrade minimum deposit
Contents of the article
- New forex bonuses
- Account types
- Select an account that best suits your trading...
- Weltrade
- Alternatives
- Forum, user reviews and feedbacks
- Alternatives
- Weltrade review
- Company information
- Features
- Account information
- Instruments traded
- Instruments traded
- Instruments traded
- Instruments traded
- Instruments traded
- Payment methods
- Trading platforms
- Customer support
- Weltrade review and tutorial 2021
- Weltrade details
- Trading platforms review
- Markets
- Spreads & commissions
- Leverage
- Mobile apps
- Payment methods
- Demo account
- Bonuses & promos
- Regulation
- Additional features
- Weltrade accounts
- Benefits
- Drawbacks
- Trading hours
- Customer support
- Client security
- Weltrade verdict
- Accepted countries
- Is weltrade a scam?
- Where is weltrade based?
- How do I open a live account with weltrade?
- Does weltrade offer any promo codes or no deposit...
- Does weltrade accept clients from australia?
- Weltrade review: scam or legit?
- About weltrade
- Weltrade methods of payment
- Conclusion
- Risk-free trading with $10,000 in virtual cash
- Disclaimer
- Forex brokers reviews
- Binary option brokers reviews
- Trading signals
- Economic calendars
- Weltrade
- Regulation weltrade
- Weltrade.Com review
- Broker details
- Live discussion
- Video
- Traders reviews
- 7 binary options
- Weltrade
- Minimum deposit
- Commissions charges and spreads
- Maximum leverage offered
- Types of trading accounts
- The trading platform
- Promotions and bonuses
- Payment methods accepted
- Final verdict
- Weltrade review south africa – unbiased pros &...
- WHAT IS WELTRADE?
- SAFE OR SCAM?
- WELTRADE REVIEW OF PRO AND CONS
- LEVERAGE
- ACCOUNTS
- MARKET INSTRUMENTS
- DEPOSIT AND WITHDRAWAL
- TRADING PLATFORMS
- HOW TO OPEN AN ACCOUNT
- CUSTOMER SUPPORT
- EDUCATION
- RESEARCH
- AWARDS
- CONCLUSION
- DISCLAIMER
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