Compare Weltrade vs MTrading
What is Weltrade? What is MTrading?
Weltrade is a brand name of Systemgates Capital Ltd, a company registered in Saint Vincent and the Grenadines. It was founded in 2006 and has over 300,000 clients from 18 countries. Weltrade claims to provide transparent and fair trading conditions, fast execution, 24/7 customer support, and various educational resources.
MTrading is a brand name of ServiceComsvg Ltd, a company registered in Saint Vincent and the Grenadines. It was founded in 2013 and has over 250,000 clients from 160 countries. MTrading claims to offer low spreads, fast execution, negative balance protection, instant withdrawals, and copy trading services.
Weltrade vs MTrading Regulation Comparison
Weltrade is regulated by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines under license number 26028 BC 2020. It also has a representative office in Thailand that is regulated by the Securities and Exchange Commission (SEC) under license number Thor 26/2563.
MTrading is regulated by the International Financial Services Commission (IFSC) of Belize under license number IFSC/60/402/TS/19. It also has a representative office in Malaysia that is regulated by the Labuan Financial Services Authority (LFSA) under license number MB/20/0054.
Weltrade vs MTrading Trading Assets Comparison
Weltrade offers over 50 currency pairs, 5 cryptocurrencies, 34 stocks, 11 indices, 2 metals, and 2 energies for trading. The maximum leverage is 1:1000 for forex, 1:20 for cryptocurrencies, 1:20 for stocks, 1:100 for indices, 1:500 for metals, and 1:200 for energies.
MTrading offers over 40 currency pairs, 4 cryptocurrencies, 15 stocks, 13 indices, 2 metals, and 2 energies for trading. The maximum leverage is 1:1000 for forex, 1:10 for cryptocurrencies, 1:20 for stocks, 1:100 for indices, 1:500 for metals, and 1:200 for energies.
Weltrade vs MTrading Trading Fees Comparison
Weltrade charges variable spreads that start from 0 pips on its Crypto account and from 0.5 pips on its other account types. It also charges a commission of $10 per lot on its Pro account and $25 per lot on its Crypto account. There are no swap fees on its ZuluTrade account and Islamic account. There are also no deposit or withdrawal fees on most payment methods.
MTrading charges variable spreads that start from 0 pips on its ECN account and from 1.2 pips on its Standard account. It also charges a commission of $6 per lot on its ECN account. There are no swap fees on its Islamic account. There are also no deposit or withdrawal fees on most payment methods.
Weltrade vs MTrading Account Types Comparison
Weltrade offers six account types: Micro, Premium, Pro, ZuluTrade, Crypto, and Islamic. The minimum deposit ranges from $25 to $500 depending on the account type. The minimum trade size is 0.01 lot on all account types except Crypto, which has a minimum trade size of 0.1 lot.
MTrading offers two account types: Standard and ECN. The minimum deposit is $100 for both account types. The minimum trade size is 0.01 lot on both account types.
Weltrade vs MTrading Deposit Options Comparison
- Weltrade supports various deposit and withdrawal options such as bank wire transfer, credit/debit cards, Skrill, Neteller, Perfect Money, WebMoney, FasaPay, Bitcoin, Ethereum, Litecoin, Tether, Qiwi Wallet, Yandex Money, AdvCash, Payeer, Jeton Wallet, Ngan Luong Wallet (for Vietnam), Local Bank Transfer (for Thailand), Local Bank Transfer (for Indonesia), Local Bank Transfer (for Malaysia), Local Bank Transfer (for Nigeria), Local Bank Transfer (for South Africa), Local Bank Transfer (for Ghana), Local Bank Transfer (for Kenya), Local Bank Transfer (for Tanzania), Local Bank Transfer (for Uganda), Local Bank Transfer (for Zambia), Local Bank Transfer (for Zimbabwe), Local Bank Transfer (for Botswana), Local Bank Transfer (for Namibia), Local Bank Transfer (for Lesotho), Local Bank Transfer (for Swaziland), and Local Bank Transfer (for Mozambique).
- MTrading supports various deposit and withdrawal options such as bank wire transfer, credit/debit cards, Skrill, Neteller, FasaPay, Bitcoin, Ethereum, Litecoin, Tether, Perfect Money, WebMoney, Qiwi Wallet, Yandex Money, AdvCash, Payeer, Ngan Luong Wallet (for Vietnam), Local Bank Transfer (for Thailand), Local Bank Transfer (for Indonesia), Local Bank Transfer (for Malaysia), and Local Bank Transfer (for Nigeria).
Weltrade vs MTrading Trading Platforms Comparison
Weltrade provides the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms for desktop, web, and mobile devices. The platforms are equipped with advanced charting tools, technical indicators, market news, economic calendar, trading signals, and automated trading features.
MTrading provides the MetaTrader 4 (MT4) trading platform for desktop, web, and mobile devices. The platform is equipped with advanced charting tools, technical indicators, market news, economic calendar, trading signals, and automated trading features.
Weltrade vs MTrading Analytical Tools Comparison
Weltrade offers various analytical tools such as Autochartist, Trading Central, VPS service, economic calendar, market news, market sentiment, market heat map, market screener, and trading calculator.
MTrading offers various analytical tools such as copy trading service, VPS service, economic calendar, market news, market sentiment, market heat map, market screener, and trading calculator.
Weltrade vs MTrading. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that can affect your performance and trading experience. There are many factors to consider when comparing Weltrade with MTrading, such as regulations, trading assets, trading fees, account types, deposit and withdrawal options, trading platforms and analytical tools. Here are some of the main advantages and disadvantages of each broker:
- Weltrade has more trading assets than MTrading, including 5 cryptocurrencies and 34 stocks. It also offers the MetaTrader 5 (MT5) platform, which is the latest version of the popular trading software. Weltrade also has more deposit and withdrawal options, especially for clients from African countries. Weltrade also provides Autochartist and Trading Central, which are two of the most popular technical analysis tools in the market.
- MTrading has lower spreads than Weltrade on its Standard account, which is suitable for beginners and traders who prefer a simple fee structure. It also offers negative balance protection, which means that clients cannot lose more than their initial deposit. MTrading also provides a copy trading service, which allows clients to follow and copy the trades of successful traders.
Ultimately, the best forex broker for you depends on your personal preferences, trading style, and goals. You may want to try out both brokers by opening a demo account or a small live account and testing their services for yourself. You can also read some reviews from other traders who have used both brokers and see what they have to say about their experiences.
