WeTrade Forex Broker

WeTrade Review SummaryFounded2021Registered Country/RegionHong KongRegulationNo regulationMarket InstrumentsForex, commodities, stocks, indicesDemo Account❌Leverage1:100-1:500Spread0.7% spreadsTrading PlatformWeTradeMinimum Deposit$2Customer Support/Regional RestrictionsUSWeTrade Information WeTrade is an unregulated broker, offering trading on forex, commodities, stocks and indices with leverage up to 1:500 and 0.7% spreads on WeTrade trading platform. The minimum deposit requirement is $2.Pros and ConsPros Cons Low minimum deposit requirementNo regulationNo demo accountsNo MT4/MT5 platformNo contact channelsCommission fees chargedIs WeTrade Legit? No. WeTrade currently has no valid regulations. Please be aware of the risk! It offers segregated accounts.What Can I Trade on WeTrade? WeTrade offers trading on forex, commodities, stocks and indices.Tradable Instruments Supported Forex✔Commodities✔Stocks✔Indices ✔Cryptos❌Bonds❌Options❌ETFs❌Leverage WeTrade offers leverage from 1:100 to 1:500. The use of leverage can both work in your favour and against you. Leverage magnifies the returns from favorable movements in a currency's exchange rate.WeTrade Fees WeTrade charges 0.7% spreads and 0.2% commission fees.Trading PlatformTrading PlatformSupported Available Devices Suitable for WeTrade✔IOS, Android, desktop/MT4❌/BeginnersMT5❌/Experienced tradersDeposit and Withdrawal WeTrade accepts payments via credit card, e-wallet, net banking and offline payment. The minimum deposit amount is $2, and there is no fee. The minimum withdrawal amount is $5. A 3% fee will be charged. For the first withdrawal ,it will be processed the next working day. From the second withdrawal, it will be processed in a few minutes.