Weltrade

Length of use: 3-6 months length of use: over 1 year

Weltrade.Com review

Weltrade is an online forex broker.

Top forex bonus list

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: 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

Trading instruments

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1 - leverage for XAGUSD — 1:100

Break in trading on metals 00:00-00:59 EET

Break in trading on USDRUB and EURRUB 23:00-08:00 EET

Leverage for USDRUB and EURRUB — 1:10

Triple swaps are charged to the account for currency pairs, metals and commodities from wednesday to thursday.

The company reserves the right to change, fully or partially, without notice, the abovementioned swap points according to the situation on the market.

The company reserves the right to increase the declared spreads in cases of high market volatility and/or insufficient market liquidity.

Due to infrastructure software maintenance features by the liquidity provider, a break in quotes (of around 30 seconds) is possible during the period from 00:00 to 01:00 (EET), 2 times a month in average.

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Buy swap,
pips <>

Sell swap,
pips <>

Floating spread, from: <>

Size of 1 lot <> oz t

Margin call <>

Stop out <> --> -->

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pips <>

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pips <>

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1 - leverage for metals (XAGUSD, XPDUSD, XPTUSD) and for commodities (XTIUSD, XBRUSD) - 1:100

Break in trading on XBRUSD 00:00-03:00 EET
break in trading on XTIUSD 00:00-01:00 EET
break in trading on metals 00:00-00:59 EET
break in trading on USDRUB and EURRUB 23:00-08:00 EET

Leverage for USDRUB and EURRUB - 1:10

Triple swaps are charged to the account for currency pairs, metals and commodities from wednesday to thursday.

The company reserves the right to change, fully or partially, without notice, the abovementioned swap points according to the situation on the market.

The company reserves the right to increase the declared spreads in cases of high market volatility and/or insufficient market liquidity.

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

Live discussion

Join live discussion of weltrade.Com on our forum

Video

Your company video here? Contact ad sales

Let other traders know if this service is worth checking or should be avoided.

Traders reviews

Length of use: 0-3 months

Length of use: 3-6 months

Length of use: over 1 year

The one star is a negative one - 1

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

Metatrader guide

10 simple steps to start trading

After opening an account you will receive an email with your user name and password for your trading account on metatrader. Then you will need to download and install the metatrader terminal or use the metatrader web-platform. It takes just a few minutes, to get acquainted with our trading terminal, deposit account and make your first deal.

Click your mouse on the numbers in the image below

Change interface language

To select interface language enter the menu section “view”–“languages”

Authorize your trading account

1. Click on the menu “file”–“login to trade account”.

2. Enter the account number (login) and trading password (you can find this data in the registration letter).

3. Choose “WELTRADE-live” in “server” field

Open a new chart

To open a new chart select “new chart” in “file” menu section or click on the icon

Adjust a chart view

The view of a chart is customized with the help of the toolbar

Choose the time period of the chart, display prices in the form of bars or japanese candles, scale the chart and so on.

View all trading instruments

Right-click on any symbol in “market watch” window and select “show all” to see all symbols available for trading

Deposit an account balance

Deposit funds via cryptocurrencies, VISA/mastercard payment cards and other methods available in “cashier–financial operations” section of your WELTRADE personal area.

Open an order

1. Right-click on a chosen symbol and select “new order”

2. In order settings window set the order “volume”

3. Click on “sell” or “buy” button

4. Your order will be executed and shown in the “trade” section of the menu

Follow your orders and account balance

All opened orders, order info and its current results as well as the account balance are shown in the “trade” section

How to close the deal?

1. To fix your profit you need to close your order. Double-click on the order number and press the close button.

2. Your order will close and the result on it will be available in the “account history” section

How to withdraw funds?

You can make a withdrawal order in “cashier–financial operations” section of your WELTRADE personal area. All withdrawal orders are processed within 30 minutes clockwise, 7 days a week.

Change interface language

To select interface language enter the menu section “view”–“languages”

Authorize your trading account

1. Click on the menu “file”–“login to trade account”.

2. Enter the account number (login) and trading password (you can find this data in the registration letter).

3. Choose “WELTRADE-live” in “server” field

Open a new chart

To open a new chart select “new chart” in “file” menu section or click on the icon

Adjust a chart view

The view of a chart is customized with the help of the toolbar

Choose the time period of the chart, display prices in the form of bars or japanese candles, scale the chart and so on.

View all trading instruments

Right-click on any symbol in “market watch” window and select “show all” to see all symbols available for trading

Deposit an account balance

Deposit funds via cryptocurrencies, VISA/mastercard payment cards and other methods available in “cashier–financial operations” section of your WELTRADE personal area.

Open an order

1. Right-click on a chosen symbol and select “new order”

2. In order settings window set the order “volume”

3. Click on “sell” or “buy” button

4. Your order will be executed and shown in the “trade” section of the menu

Follow your orders and account balance

All opened orders, order info and its current results as well as the account balance are shown in the “trade” section

How to close the deal?

1. To fix your profit you need to close your order. Double-click on the order number and press the close button.

2. Your order will close and the result on it will be available in the “account history” section

How to withdraw funds?

You can make a withdrawal order in “cashier–financial operations” section of your WELTRADE personal area. All withdrawal orders are processed within 30 minutes clockwise, 7 days a week.

Suite 305, griffith corporate centre, PO BOX 1510, beachmont, kingstown, saint vincent and the grenadines

Weltrade.Com review

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

Live discussion

Join live discussion of weltrade.Com on our forum

Video

Your company video here? Contact ad sales

Let other traders know if this service is worth checking or should be avoided.

Traders reviews

Length of use: 0-3 months

Length of use: 3-6 months

Length of use: over 1 year

The one star is a negative one - 1

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

Weltrade

Start earning in one minute

It will take less than 1 minute

Use our materials and advanced analytics tools

Withdraw funds to convenient payment system 24/7

Partners status

Up to 65%

Of the company's earnings per client

Up to 75%

Of the company's earnings per client

Up to 85%

Of the company's earnings per client

Swipe left and right to view photos from our past events

Contests and events

How remuneration is formed?

Participating in the WELTRADE affiliate program as an online partner you receive a reward according to the terms of the affiliate program from all deals closed by a client. Reward is charged every hour.

What is the registration accounting system?

Registrations are taken into account:

- when you attract clients via affiliate link or website, where banners with your affiliate link are posted;

- when a client attracted by you specifies your affiliate code in the corresponding field while registering his account.

Which promotional materials for attracting clients does a partner have?

WELTRADE company offers its partners ready-made advertising solutions to attract customers:

- ready-made banners for various company promo;

- ready-made promotional texts that can be used on the partner’s website, in google, facebook, instagram newsletters and other advertising platforms;

- ready-made affiliate links to attract clients;

- possibility of developing a unique design.

How much money can be earned?

The amount of earnings is not limited and depends on the number of attracted clients, their trading volume, as well as on the status of a partner.

How to withdraw earned funds?

You should make a withdrawal order in the personal area to withdraw funds. Withdrawals are available around the clock 7 days a week.

Suite 305, griffith corporate centre, PO BOX 1510, beachmont, kingstown, saint vincent and the grenadines

Weltrade.Com review

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

Live discussion

Join live discussion of weltrade.Com on our forum

Video

Your company video here? Contact ad sales

Let other traders know if this service is worth checking or should be avoided.

Traders reviews

Length of use: 0-3 months

Length of use: 3-6 months

Length of use: over 1 year

The one star is a negative one - 1

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

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

During our review, we found that weltrade is a very reliable broker with over a decade of industry experience. They also provide highly competitive trading options via the supported MT4 platform.

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

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

Alternatives

Forum, user reviews and feedbacks

Alternatives

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