WELTRADE Forex Broker
Basic Information
Saint Vincent and the Grenadines
15-20 years Regulated in South Africa Financial Service Corporate MT4 Full License MT5 Full License Regional Brokers Belize Retail Forex License Revoked Belarus Retail Forex License Revoked Suspicious Overrun High potential riskCompany profile
Rating Index
Pros
Low minimum deposit requirement of $25, making it accessible for novice traders.
A wide range of trading instruments, including forex, cryptocurrencies, stocks, and commodities.
Multiple account types available, catering to different trading styles and levels of experience.
Cons
Limited regulation, as it is primarily registered in offshore jurisdictions, raising concerns about fund security.
Reports of withdrawal delays and issues, which may affect trader confidence.
Mixed reviews regarding customer support responsiveness and effectiveness.
Weltrade Forex Broker - Complete Information Guide
1. Broker Overview
Weltrade is an international online brokerage firm established in 2006, specializing in forex and CFD trading. The company operates under the name System Gates Ltd and is headquartered in Saint Vincent and the Grenadines, with additional offices across various countries, including Thailand, Ukraine, and Russia. Weltrade primarily serves retail clients, providing them access to a wide range of financial instruments and trading services.
Since its inception, Weltrade has grown significantly, now catering to over 600,000 traders from 180 countries. The broker has received multiple awards, including "Best Foreign Broker" at the 2019 Asia Forex Expo and "Best Client Support" in 2017. These milestones reflect the company's commitment to delivering quality trading experiences and customer service.
Weltrade operates as a private company, focusing on retail forex trading, offering services such as algorithmic trading, copy trading, and a variety of account types tailored to different trader needs. As a broker, Weltrade aims to provide a transparent and user-friendly trading environment, making it a suitable choice for both novice and experienced traders.
2. Regulation and Compliance Information
Weltrade is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, holding the license number 50691. This regulatory oversight helps ensure that the broker operates within established legal frameworks, promoting trust and security among its clients. Additionally, Weltrade is registered in Saint Vincent and the Grenadines, where it operates under the company number 24513 IBC 2018.
The broker adheres to strict KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance measures to protect clients and prevent fraudulent activities. Client funds are held in segregated accounts, ensuring that they are not used for operational expenses. However, it's important to note that while the FSCA provides a level of regulation, it is not considered a top-tier authority compared to regulators like the UK's FCA or Australia's ASIC.
Weltrade's regulatory framework and compliance practices are designed to safeguard clients' investments, but traders should remain aware of the potential risks associated with trading through brokers registered in offshore jurisdictions.
3. Trading Products and Services
Weltrade offers a diverse range of trading products, including:
- Forex: The broker provides access to over 40 currency pairs, including major pairs like EUR/USD and USD/JPY, as well as exotic pairs.
- CFDs: Weltrade offers various CFD products, including indices, commodities (such as gold and oil), and stocks. The broker has also expanded its offerings to include over 39 cryptocurrencies, allowing traders to engage in the growing digital asset market.
- Special Products: Unique trading features include copy trading through the Zulutrade platform and algorithmic trading options, which cater to both passive and active trading strategies.
Weltrade is known for its competitive trading conditions, offering low spreads and high leverage options, making it a viable choice for traders looking to diversify their portfolios.
4. Trading Platforms and Technology
Weltrade supports the widely-used MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, which are known for their advanced charting tools, technical analysis capabilities, and automated trading features. Both platforms are available for desktop, web, and mobile devices, providing traders with flexibility and accessibility.
In addition to MT4 and MT5, Weltrade has developed its own proprietary trading platform, designed to enhance the trading experience with direct market access and a user-friendly interface. The platforms support various execution modes, including market execution, which ensures timely order processing.
Weltrade's infrastructure is backed by reliable technology, with servers located in strategic locations to minimize latency and enhance trade execution speeds. The broker also supports API access, enabling traders to implement automated trading strategies effectively.
5. Account Types and Trading Conditions
Weltrade offers several account types to cater to different trading needs:
- Micro Account: Requires a minimum deposit of $1, suitable for beginners. Spreads start from 1.5 pips, and leverage can go up to 1:1000.
- Premium Account: Requires a minimum deposit of $200. It offers tighter spreads and similar leverage options.
- Pro Account: Designed for experienced traders, this account requires a minimum deposit of $500 and features floating spreads starting from 0.5 pips.
- Zulutrade Account: Specifically for social trading, this account allows traders to copy the strategies of successful traders. It requires a minimum deposit of $200.
- Crypto Account: Focused on cryptocurrency trading, this account has a minimum deposit of $50 and provides access to various digital assets.
All accounts allow for a minimum trade size of 0.01 lots, and traders can benefit from negative balance protection, ensuring that they do not lose more than their initial deposit.
6. Funds Management
Weltrade offers a variety of deposit and withdrawal methods, including:
- Deposit Methods: Traders can fund their accounts using credit/debit cards, bank transfers, and popular e-wallets like Skrill, Neteller, and Perfect Money. The minimum deposit requirement varies by account type, with the micro account starting at just $1.
- Withdrawal Methods: Withdrawals can be made through similar methods, and Weltrade does not charge any withdrawal fees. However, processing times may vary, with most requests being processed within 30 minutes.
- Deposit Processing Time: Deposits are typically instant, but bank transfers may take longer depending on the financial institution.
- Withdrawal Fees: While Weltrade does not charge withdrawal fees, third-party payment providers may impose their own fees, particularly if currency conversion is involved.
Overall, Weltrade provides a flexible and user-friendly approach to funds management, allowing traders to access their capital efficiently.
7. Customer Support and Educational Resources
Weltrade prides itself on offering robust customer support, available 24/7 through multiple channels, including:
- Live Chat: Instant support through the website.
- Email: For more detailed inquiries, though response times may vary.
- Phone Support: Available in several regions, providing direct assistance to traders.
The broker supports multiple languages, ensuring that clients from diverse backgrounds can communicate effectively.
In terms of educational resources, Weltrade provides a range of materials, including webinars, tutorials, and market analysis. While the educational offerings are less extensive compared to some competitors, they still provide valuable insights for both novice and experienced traders.
8. Regional Coverage and Restrictions
Weltrade primarily serves clients in regions such as Asia, Latin America, and parts of Europe. The broker has established offices in countries like Thailand and Ukraine, enhancing its local presence and support capabilities.
However, Weltrade does not accept clients from certain countries, including the USA, Canada, Belarus, and Russia. This limitation may affect potential traders looking to open accounts from these regions.
In summary, while Weltrade offers a competitive trading environment with a variety of products and services, potential clients should carefully consider the regulatory status and regional restrictions before engaging with the broker.
In conclusion, Weltrade broker provides a comprehensive trading experience with its diverse account types, competitive trading conditions, and robust customer support, making it a suitable choice for traders of all experience levels. However, traders should remain vigilant regarding the regulatory landscape and ensure they are comfortable with the associated risks before trading.
WELTRADE Similar Brokers
Latest Reviews
FX3280506688
Thailand
WELTRADE, you garbage platform, all the money pits I've struggled to find in Thailand! Last Monday at 9.00, I was staring at the GBP/THB movement chart. The night before, I analyzed nearly a week's worth of trading data and decided to buy 5 lots at 32.15. It turned out that after placing the buy order, the platform directly displayed 'order submission failed.' I thought it was a network issue, so I tried three more times, but the page remained stuck! After 10 minutes, it returned to normal, but the price had already surged to 32.48. I ended up with 64,500 THB less. What's even more infuriating is that when I contacted customer service, they said, 'You were too slow and missed the best timing.' They even used 'data logs' as an excuse, claiming network delays when I submitted the order. At that time, I was using the fastest fiber optic in Bangkok, with internet speed tests showing 100 Mbps—how could there be delays? I've lost nearly 200,000 THB in the past half-month due to platform freezes and failed orders. WELTRADE, are you deliberately playing games and trying to swallow my money?!
Exposure
2025-09-03
FX2536206991
Indonesia
On the night of the May non-farm payroll data release, I traded the USD/IDR currency pair on WELTRADE, setting a take-profit point of 15,200. When the market hit 15,205, the platform delayed closing my position for 30 seconds, ultimately closing it at 15,080. My original profit of 1.2 million rupiah turned into a loss of 850,000 rupiah. This slippage only occurs during the early morning hours of Indonesian time (02:00-05:00 Jakarta time), when European and American markets are active but local regulatory complaint channels are closed. By July, my initial investment of 5 million rupiah had lost 2.3 million rupiah due to similar slippage. Yet, the platform continues to push "low spread trading" ads on LINE. I believe this is a scam.
Exposure
1d
FX3021335694
Malaysia
My withdrawal request hasn't been processed for three weeks, and customer service always gives the same excuse: "It's under review by the finance department." How did my original deposit arrive so quickly? Now I'm being harassed trying to get my money back! Your so-called "data-driven" risk control system is nothing but extortion! Every time I withdraw money, they inexplicably claim there's "unusual trading activity" in my account and require additional verification. Even after I provided my ID, bank statements, utility bills, and even a selfie, you still keep demanding more proof. Even more ridiculous, while you're withholding my withdrawals, you're constantly emailing me promotional deposit promotions! I clearly confirmed the use of hedging strategies when I opened my account, but now your risk control department is suddenly saying my Martingale strategy violates regulations and is freezing my account and imposing a fine? WELTRADE is a completely unregulated, dishonest platform!
Exposure
2025-09-04