Weltrade Broker Review

Is Weltrade a scam?

Weltrade is regulated by two financial regulatory authorities:

1. International Financial Services Commission (IFSC) of Belize: Weltrade is authorized and regulated by IFSC under license number IFSC/60/350/TS/19. The IFSC is a regulatory body that oversees financial activities in Belize and ensures that financial service providers comply with international standards and regulations.
2. National Bank of the Republic of Belarus: Weltrade is also registered with the National Bank of the Republic of Belarus (NBRB) under registration number 193075810. The NBRB is the central bank of Belarus and regulates financial activities in the country.

In addition to regulatory oversight, Weltrade also takes measures to ensure the safety of client funds. The company keeps clients’ funds in segregated accounts separate from its own operating funds. This means that in the event of insolvency, clients’ funds are protected and can be returned to them.

Weltrade also uses encryption technology to secure clients’ personal and financial information and employs strict security protocols to prevent unauthorized access to its systems.

Overall, while trading always involves some degree of risk, Weltrade appears to take regulatory compliance and client safety seriously.

Best Forex Brokers Ranking

Rank	Broker	Review	Open Account	Bonus	Platform	Minimum Deposit	ECN
1	Exness		Open Exness account	16$/lot	MT4, MT5, Exness, ...	1$	10$
2	IC Markets		Open IC Markets account	-	MT4, MT5, cTrader	200$	200$
3	XM		Open XM account	30$	MT4, MT5	5$	-
4	XTB		Open XTB account	2000$	MT4, xStation 5	1$	1$
5	FBS		Open FBS account	140$	MT4, MT5, FBS Trader	1$	1000$

Weltrade Trading Platforms

Weltrade offers its clients access to three different trading platforms:

1. MetaTrader 4 (MT4): MT4 is a widely used trading platform that offers advanced charting capabilities, technical analysis tools, and the ability to automate trading strategies through the use of expert advisors (EAs).
2. MetaTrader 5 (MT5): MT5 is the successor to MT4 and offers all of the features of MT4 with additional capabilities such as more advanced charting tools, economic calendar integration, and more order types.
3. WebTrader: WebTrader is a web-based platform that can be accessed from any internet-connected device without the need for downloading or installing software. It offers many of the same features as the desktop-based MT4 and MT5 platforms, including access to real-time market data, charting tools, and more.

All three platforms support trading in a variety of financial instruments, including Forex, commodities, indices, and cryptocurrencies. Weltrade also offers mobile trading apps for both iOS and Android devices, allowing clients to trade on the go using their smartphones or tablets.

Products Weltrade provides

Weltrade offers trading in a wide range of financial products, including:

1. Forex: Clients can trade over 50 currency pairs, including major, minor, and exotic pairs.
2. CFDs: Weltrade provides access to a variety of CFDs on indices, commodities, and cryptocurrencies.
3. Precious metals: Clients can trade in gold and silver, two popular safe-haven assets.
4. Energy: Trading in energy products like crude oil and natural gas is also available.
5. Cryptocurrencies: Weltrade provides trading in popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Ripple.
6. Shares: Clients can trade in shares of some of the world’s leading companies like Amazon, Apple, Google, and Facebook.

Overall, Weltrade provides its clients with a broad range of trading instruments, allowing them to diversify their portfolios and take advantage of opportunities in different markets.

Weltrade account types

Weltrade offers four different account types to cater to the needs of different types of traders:

1. Micro account: This account is designed for beginners and those who want to trade with smaller amounts. The minimum deposit required for a micro account is $25, and the maximum leverage is 1:1000.
2. Premium account: The premium account is suitable for more experienced traders who want to trade larger volumes. The minimum deposit required for a premium account is $200, and the maximum leverage is 1:500.
3. Pro account: The pro account is designed for professional traders and requires a minimum deposit of $10,000. The maximum leverage for a pro account is 1:200.
4. ZuluTrade account: The ZuluTrade account is a social trading account that allows clients to automatically copy the trades of experienced traders. The minimum deposit required for a ZuluTrade account is $500, and the maximum leverage is 1:500.

All four account types offer access to the same trading instruments and platforms. The main differences between the accounts are the minimum deposit requirements, leverage, and trading conditions. Weltrade also offers an Islamic account for clients who follow Sharia law, which operates on a swap-free basis.

Weltrade trading fees

Weltrade charges trading fees in the form of spreads and commissions. Spreads are the difference between the bid and ask prices of a financial instrument, while commissions are fees charged on each trade executed.

The exact trading fees charged by Weltrade vary depending on the account type and the financial instrument being traded. However, in general, the spreads offered by Weltrade are competitive with industry standards, and the commissions charged are also reasonable.

For example, the spreads for the EUR/USD currency pair start from 0.1 pips for the Pro account and 1.6 pips for the Micro account. Commissions on Forex trades start from $3 per lot for the Pro account and $4 per lot for the Micro account.

Weltrade also charges swap fees for holding positions overnight. The swap fee is calculated based on the interest rate differential between the two currencies being traded.

It’s important to note that trading fees are just one aspect to consider when evaluating a broker. Other factors such as regulation, safety, trading platforms, and customer service should also be taken into account when choosing a broker.

Weltrade Funding and Withdrawal Options

Weltrade offers a range of funding and withdrawal options to its clients, including:

1. Deposit options: Clients can fund their accounts using a variety of methods, including bank wire transfer, credit/debit card, electronic payment systems such as Skrill, Neteller, and FasaPay, and cryptocurrencies such as Bitcoin and Ethereum.
2. Withdrawal options: Clients can withdraw funds from their accounts using the same methods used for depositing funds. However, withdrawals to credit/debit cards are not available, and in such cases, withdrawals must be made to a bank account.
3. Fees and processing time: Deposits made through electronic payment systems and cryptocurrencies are generally processed instantly, while bank wire transfers may take several business days to be processed. Weltrade does not charge any fees for deposits made through electronic payment systems or cryptocurrencies. However, fees may apply for bank wire transfers depending on the bank and location.

For withdrawals, Weltrade does not charge any fees for withdrawals made through electronic payment systems or cryptocurrencies. However, fees may apply for bank wire transfers depending on the bank and location. The processing time for withdrawals also varies depending on the method used, with electronic payment systems and cryptocurrencies typically being processed within 24 hours, while bank wire transfers may take several business days.

It’s important to note that some payment systems or banks may also charge their own fees for deposits and withdrawals, so clients should check with their provider to determine any applicable fees.

Weltrade’ promotions

Weltrade offers various promotions and bonuses to its clients from time to time. Some of the promotions currently offered by Weltrade include:

1. Deposit Bonus: Clients can receive a bonus of up to 100% on their deposits, depending on the account type and the deposit amount. The bonus can be used for trading purposes and can be withdrawn once certain trading volume requirements are met.
2. Cashback program: Weltrade offers a cashback program where clients can earn cashback for their trading activities. The cashback percentage varies depending on the account type and the trading volume.
3. Loyalty program: Weltrade has a loyalty program where clients can earn points for their trading activities. These points can be redeemed for various rewards, including cash bonuses, free VPS, and trading education.
4. Trading Contests: Weltrade also organizes various trading contests from time to time, where clients can compete with each other and win cash prizes.

It’s important to note that all promotions offered by Weltrade are subject to certain terms and conditions, including minimum trading volume requirements, time limits, and eligibility criteria. Clients should carefully read and understand the terms and conditions of each promotion before participating.

Weltrade customer support

Weltrade offers customer support to its clients through various channels, including:

1. Live Chat: Weltrade has a live chat feature on its website that allows clients to chat with customer support representatives in real-time.
2. Phone Support: Clients can also reach Weltrade’s customer support team by phone. The phone numbers for different countries are listed on the website.
3. Email Support: Clients can also email their questions or concerns to Weltrade’s customer support team at support@weltrade.com.
4. Social Media: Weltrade has a presence on various social media platforms such as Facebook, Twitter, and Instagram. Clients can reach out to the customer support team through these platforms as well.

In addition to these channels, Weltrade also provides various educational resources such as webinars, video tutorials, and trading guides to help clients improve their trading skills and knowledge.

Overall, Weltrade’s customer support is responsive and helpful, and they are available 24/5 to assist clients with any questions or issues they may have.

Weltrade Educational Resources

Weltrade provides a range of educational resources to help traders improve their knowledge and skills, including:

1. Webinars: Weltrade regularly hosts webinars on various topics related to trading, such as technical analysis, fundamental analysis, and risk management. The webinars are conducted by industry experts and are free for all clients.
2. Video tutorials: Weltrade offers a library of video tutorials that cover a wide range of topics, from basic trading concepts to advanced strategies. The videos are easy to follow and can be accessed at any time on the company’s website.
3. Trading guides: Weltrade provides a series of trading guides that cover different aspects of trading, such as Forex, CFDs, and cryptocurrencies. These guides offer in-depth explanations of trading concepts and provide tips and strategies for successful trading.
4. Economic Calendar: Weltrade’s economic calendar provides traders with important news events and economic indicators that can impact the financial markets. Traders can use this information to make informed trading decisions.
5. Trading signals: Weltrade also provides trading signals to clients who want to follow the trades of professional traders. The signals are based on technical analysis and are sent directly to the client’s trading platform.

Overall, Weltrade’s educational resources are comprehensive and useful for traders of all skill levels. The company’s commitment to providing traders with the knowledge and tools they need to succeed is evident in the quality of its educational offerings.

Pros and cons of Weltrade

Pros:

1. Regulation: Weltrade is regulated by reputable financial authorities, which provides clients with an added level of security and protection.
2. Trading platforms: Weltrade offers a range of trading platforms that cater to different types of traders, including the popular MetaTrader 4 platform.
3. Product range: Weltrade provides access to a wide range of trading products, including Forex, CFDs, and cryptocurrencies.
4. Customer support: Weltrade’s customer support is responsive and helpful, and they are available 24/5 to assist clients with any questions or issues they may have.
5. Educational resources: Weltrade offers a range of educational resources that can help traders improve their knowledge and skills.

Cons:

1. Limited account types: Weltrade offers only two account types, which may not be suitable for all types of traders.
2. Limited funding options: While Weltrade offers a range of funding options, some popular payment methods such as PayPal are not supported.
3. Limited research tools: Weltrade’s research tools are limited compared to some other brokers, which may be a disadvantage for traders who rely heavily on research.
4. Limited promotions: While Weltrade does offer some promotions and bonuses, they may not be as competitive as those offered by some other brokers.
5. Limited languages: Weltrade’s website and customer support are available in a limited number of languages, which may be a disadvantage for traders who prefer to trade in languages other than English.

Frequently asked questions about Weltrade

Is Weltrade regulated?

Yes, Weltrade is regulated by the International Financial Services Commission (IFSC) in Belize and the Financial Services Authority (FSA) in Saint Vincent and the Grenadines.

What trading platforms does Weltrade offer?

Weltrade offers a range of trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the WebTrader platform.

What products can I trade with Weltrade?

Weltrade provides access to a wide range of trading products, including Forex, CFDs, and cryptocurrencies.

What account types does Weltrade offer?

Weltrade offers two account types: the Micro account and the Premium account.

What are the funding and withdrawal options available with Weltrade?

Weltrade offers a range of funding options, including bank wire transfer, credit/debit cards, and e-wallets such as Skrill, Neteller, and FasaPay. Withdrawals can be made using the same methods.

Does Weltrade offer educational resources?

Yes, Weltrade provides a range of educational resources, including webinars, video tutorials, trading guides, an economic calendar, and trading signals.

What is the customer support like with Weltrade?

Weltrade’s customer support is available 24/5 through live chat, phone, email, and social media. They are responsive and helpful in addressing clients’ questions and concerns.

Are there any promotions or bonuses offered by Weltrade?

Yes, Weltrade offers various promotions and bonuses, including a welcome bonus for new clients, a cashback program, and a refer-a-friend program.

What are the trading fees with Weltrade?

Weltrade charges competitive trading fees, including spreads and commissions, which vary depending on the account type and trading product.

Does Weltrade have any drawbacks?

Some of the drawbacks of Weltrade include limited account types, limited funding options, and limited research tools compared to some other brokers. However, overall, Weltrade is a reputable and reliable broker that offers a range of trading products and services to its clients.

Join the trading signals group Join now