Weltrade – reviews and review of forex and CFD trading platform

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Weltrade – review of forex, CFD, cryptocurrency platform

вњ… This Trading Platform is available in United States

Overview of forex and CFD brokerage companies: Weltrade

In the era of affordable Internet and the growing popularity of online trading, almost everyone who is familiar with these achievements of the 20th century, heard about this type of income. In the beautiful advertising plots brokerage firms promise fabulous wealth and financial independence from the nearby bosses, banks or other financial institutions. And earn a substantial amount can anyone who decides to cooperate with their brokerage firm. You do not need to study in serious universities or be a genius in mathematics and economic disciplines. But every adult understands well that “just like that,” “for beautiful eyes,” no one will pay you anything. The times of financial pyramids, fabulous enrichment schemes and investment projects, which allow to increase their fortune several times in a few days, are long gone. To earn something, you need to work, create something new, engage in the implementation of promising projects, etc. If we consider the ways of earning online, then it makes sense to thoroughly study the financial markets and everything connected with them. Their functioning mechanism, the main elements, the factors that influence the main financial assets and the way in which traders start their activities and then make them the main source of income. Among the key points faced by all subjects of this type of activity is the choice of a reliable, time-tested and experienced trader brokerage firm. Using the example of the well-known company Weltrade, we will show how this procedure is carried out and what characteristics of a broker should be paid attention to in order to avoid becoming a victim of fraudsters.

How Weltrade formed its customer base

Broker provides its services in 18 countries, working in this industry for more than 10 years. Having their offices in different parts of the world, they can personally meet with their clients so that they can be convinced that this is a reliable brokerage company that operates in compliance with both international and local legislation.

Weltrade Security

For the Weltrade administration, customer safety is one of the main concerns. And this concerns both finance and personal data protection of traders. In addition to standard encryption when transferring information, programmers use applications and platforms (MT4, MT5, etc.) on Weltrade, which allow them to quickly perform any transactions without fear that any important data will fall into the hands of intruders.

A large number of awards that the company has received during its existence, also indicates a high level of security of the broker. Complementing the overall picture is a unique feature – safe. Its essence lies in the fact that the client’s money is kept in a safe place (in euros or dollars), and interest is charged on the balance of funds – up to 12% per annum.

Also on the broker’s resource, a support service works around the clock, ready at any moment to help you solve issues related to the operation of the site. Service staff are available 24 hours a day, seven days a week.

В Weltrade Regulators

One of the most important evidence that you work with an honest broker is a license from reputable organizations that really control the broker’s activity, and do not issue a “license” for $ 300. In this case, it is the National Bank of Belarus and the IFSC financial regulator. These organizations prove that the broker in question is an honest company that allows you to register a login on Weltrade without fear of any trouble from state structures.

Training at Weltrade

In order to work with this broker you need:

в—Џ well versed in terminology;

в—Џ know how one trading account differs from another;

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в—Џ what are the trading platforms;

в—Џ be able to make your own trading strategies;

в—Џ Know what factors affect the value of trading assets.

Almost all of the above information can be obtained on the official website of the broker. But experienced subjects of the global financial market advise using the demo account provided for on Weltrade. In fact, this tool works in the same way as others, only for virtual money. At Weltrade a decent amount is provided for practicing your own strategies and preparing options that will bring real profit. But do not forget that the amount of winnings during the conclusion of transactions in the framework of training is almost always higher than real options.

What rules should Weltrade customer follow?

After theoretical training and training on a demo account, you can start real work on the broker’s website. To do this, include:

в—Џ Micro (small deposit, low spreads; best of all, this method is best used for beginners).

в—Џ Premium (deposit from $ 200, requirements higher).

в—Џ Pro (from $ 500, intended for professionals).

в—Џ ZuluTrade (minimum deposit $ 200).

в—Џ Crypto (deposit from $ 500, automatic trading is provided).

The site has a loyalty program. The more transactions you carry out, the higher your rating will be, which positively affects many indicators during the next trading operations.

Weltrade Trading Terms

в—Џ The minimum deposit is $ 25.

в—Џ Set currencies – rubles, euros, US dollars.

в—Џ Floating spread, except for Pro account.

в—Џ Affiliate program – allows you to create your network and fully control it.

в—Џ Maximum transaction volume – 100 lots.

If you read about Weltrade reviews, you will see that this broker has great prospects for development.

Entering money and account replenishment at Weltrade

Company traders have the opportunity to replenish a trading account or withdraw money from it using:

в—Џ Perfect money.

в—Џ Yandex money.

в—Џ Bank transfers and credit cards.

The reviews compiled about Weltrade state that the most “capricious” users have always had these I / O methods.

Assets and trading instruments of Weltarde

On this resource, for trading are used: currency pairs, commodities, cryptocurrency, precious metals, CFD contracts, futures and other assets, which will vary with time depending on the market situation.

Weltrade Review: forex spread, slippage, leverage and trading platforms information

Weltrade execution and slippage

Slippage is the difference between the price at which the order has been placed and the price at which it has been executed by the broker. The less slippage you get, the better your trading results will be.

Weltrade slippage with Kama-spot trading strategy

Kama-spot is a forex trading strategy, based on technical analysis. It trades mainly EUR/USD, GBP/USD and USD/CHF

Average profit: 14.0 pips
Average trade lifespan: 19 hours
Most traded pairs: EUR/USD, GBP/USD and USD/CHF

Weltrade slippage with Saved FX trading strategy

Average profit: 16.0 pips

Average trade lifespan: 1 day

Weltrade slippage with Qurenix trading strategy

Average profit: 9.0 pips

Average trade lifespan: 5 hours

Weltrade slippage with Forex Cruise Control trading strategy

Average pips/trade: 5.0

Average trade lifespan: 18 hours

Weltrade slippage with For333 trading strategy

Average pips/trade: 12.0

Average trade lifespan: 15 hours

Weltrade slippage with Azar Consulting trading strategy

Average profit: 28.0 pips

Average trade lifespan: 3 days

Weltrade slippage with The Best Player trading strategy

Average profit: 22.0 pips

Average trade lifespan: 13 hours

Weltrade slippage with Xiaolidao trading strategy

Average pips/trade: 9.0 pips

Average trade lifespan: 1 day

Weltrade slippage with Youron trading strategy

Average profit: 9.0 pips

Average trade lifespan: 11 hours

Weltrade slippage with Duanxian(GBP\USD) trading strategy

Average profit: 10.0 pips

Trading Accounts

Account type Minimum deposit Minimum trade size Maximum leverage Average Spread
Micro $25 0.01 1:1000 Fixed, 2 pips / Floating from 1.9 pips
Promium $200 0.01 1:1000 Fixed, 2 pips / Floating from 1.9 pips
Pro $1000 0.01 1:1000 Floating, from 0.5 pips
ZuluTrade $500 0.01 1:1000 Fixed, 2.9 pips + 1.5 points /lot
PAMM $200 0.01 1:1000 Fixed, 2 pips

Weltrade offers three basic account types: Micro, Premium and Pro. All of them are commission-free and offer leverage up to 1:500, as well as micro lots for trade.

What is more, Weltrader has partnered with Zulutrade – one of the oldest and most popular social trading platforms – in order to provide its clients with the option to follow signals of professional traders for automatic control of their accounts.

The Company. Security of Funds

Operating since 2006, Weltrade (formerly, SystemForex) is an offshore broker offering trading in currency pairs, various CFDs, as well as precious metals through the popular MetaTrader 4. Currently the broker provides its services to customers from 18 countries, operating offices in Russia, Ukraine, Belarus and Thailand.

Systemgates Capital Ltd., which owns the brand Weltrade is registered on the St. Vincent and the Grenadines, but does not hold any license and don’t have to comply with any requirements as regards minimum capital or segregation of client’s’ funds, for instance.

If you intend to invest a large amount of money, we would advise you to select a forex broker licensed in UK, Cyprus, US for instance, where regulation is strict and there are compensation schemes, which will protect your money if your broker becomes insolvent.

Trading Conditions


Minimum Initial Deposit

The minimal sum required to open an account with Weltrade is $25, a low initial amount, which is reasonable, considering the liberal regulation. In comparison, ForexBrokerInc, formerly registered in Belize, requires $100 from its customers as a start, and LiteForex – just $10.

Average Spreads & Commissions
This broker offers both fixed and variable spreads and all account types, except the ZuluTrade one, are commission-free. Fixed spreads amount to 2 pips on EUR/USD, which is average, and floating ones are tight, start from 0.5 pips on EUR/USD. Such fixed spread is considered average for the forex market. In comparison, ForexBrokerInc provides spreads averaged 0,7 pips on EUR/USD + 1 pip commission.


Maximum Leverage

The maximum leverage rates at Weltrade are high, reaching 1:1000. In comparison, ForexBrokerInc offers leverage up to 1:500. Here you may look up more forex brokers offering leverage equal to or exceeding 1:500.

However, many jurisdictions set limitations on leverage, which are considerably lower, for instance 1:50 in USA and 1:25 in Japan. The reason for this is that trading on margin involves a risk of heavy losses, exceeding the initial investments and that is why traders should exercise caution when operating with high leverage levels.

Trading Platforms

Weltrade offers both MetaQuotes’ platforms – MetaTrader 4 and MetaTrader 5.

MetaTrader 4 (MT4) is still the preferred choice of most experienced traders. The platform offers all a trader needs: a number of built-in technical indicators, advanced charting package, a wide range of Expert Advisors (EAs) and extensive EA back-testing options. Traders can download ready-made or create their own automated trading strategies and simply let the program do all the work. VPS service is also available, allowing clients to trade 24 hours a day 5 days a week even if their computers are off.

MetaTrader 5 also offers innovative functionality: multicurrency strategy tester, “market depth” function, built-in MQL5 store, new types of pending orders, and also higher execution speed.

Clients of WelTrade who would like to make use of auto trading, but shun ZuluTrade, can check out Metatrader trading signals – another possibility to copy the signals of successful traders.

What is more, this broker offers MetaTrader 4 MultiTerminal, which is mostly helpful for those who manage investors’ accounts and for traders working with many accounts simultaneously.

Bonuses & Promotions
At the time of writing of this review, this broker runs the following promotions:

– 100% Welcome Bonus on first deposit over 200 USD/EUR;
– Free iPhone 6S for clients with deposits of a minimum of $5000 and 450 lot trading volume.

Methods of Payment

Clients of Weltrade are offered a variety of payment modes: Credit/debit cards (Visa, MasterCard), bank wire transfer, and the following e-wallets: Skrill, Neteller, QIWI, Yandex, CashU, FasaPay, Perfect Money, Деньги, OKPAY, EasyPay, liqpay.com, QIWI, monetaRU.

All deposit methods are free of charge with this broker.

Conclusion

Weltrade is an unregulated, offshore broker and that significantly lowers its credibility. To sum up the above, here are the advantages and drawbacks with regard to this broker:

Pros Cons
Low initial deposit required No regulation
MT4 and MT5 available
High leverage levels offered
Bonuses offered
Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

Trading212 is a European broker with an excellent proprietary trading platform, which is now available as an iPhone app as well (we tried it out and we loved it). Trading 212’s customers enjoy fast execution a vast selection of trading instruments.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

WELTRADE Review

Overview

WELTRADE – it’s a team of 65 professionals with international experience in finances and internet technologies. The company provides traders with 24 hours really quality custom-tailored service.

Details

Broker WELTRADE
Website URL weltrade.com
Founded 2007
Support Number +44-20-34116458, 0-800-21-68-65
Support Types Live Chat, Phone, Email
Languages Ukrainian, Russian, English, Thai, Indonesian, Spanish, Vietnamese, Lao, Chile, etc.
Trading Platform MetaTrader 4, MetaTrader 5, Web Platform
Minimum 1st Deposit $25
Bonus $50 bonus, $10 no deposit bonus
Leverage 1:1 – 1:1000
Spread from 0 points
Free Demo Account Open Demo
Regulated
Regulation IFSC/60/350/TS/15-16, National Bank of Belarus, license number 7
Account Types Micro, Premium, Pro, ZuluTrade, Crypto
Deposit Methods Bank transfer (Privat24, AlfaKlik, Promsvyazbank), Plastic cards (Autocomplete VISA&Mastercard, VISA recharge through Skrill processing center), Electronic transfers (Webmoney, Perfect money, Qiwi, Yandexmoney, Moneta.ru, Liqpay, Okpay, Skrill, Neteller, Wallet One, FastPay, CashU), Cryptocurrencies: Bitcoin, Ethereum, Payment terminals and systems (Payment terminals EasyPay, Privatbank terminals)
Withdrawal Methods Credit/debit cards, bank transfer, Qiwi, Skrill (MoneyBookers), Neteller, CashU, MoneyGram, Sofort, Moneta.ru, Webmoney, Bitcoin, Ethereum, etc.
Number of Assets 70+
Types of Assets Forex, Commodities, Stocks, Indices, CFDs, Cryptocurrency (Bitcoin, Ethereum, Litecoin, Ripple, Dash, etc.)
Account Currency USD, EUR
US Traders Allowed
Mobile Trading
Tablet Trading
Overall Score 8.8/10

Full Review

The popularity among traders and their acceptance the company became due to its own track record and a number of unique cooperation terms. However, the company doesn’t rest on its laurels and keeps its active growth, creating new opportunities for its customers.

Bonuses

The company introduces a flexible bonus system. So the bonus of $10 may be received without depositing own funds. And depositing $25 to the account you get the bonus of $50 credited.

Depositing $200 and more the trader gets an extra credit bonus of 100% of deposited sum. Which means the deposit actually doubles.

Deposits and withdrawal

Apparently the withdrawal speed of 30 minutes declared by broker is the case. There are no comments found on the topic related forums in Internet, which would prove the significant violation of mentioned terms by broker’s fault.

Complaints and negative references

Be weird if the broker didn’t get any negative feedback for 11 business years in over 18 countries of the world. There is the negative, to a certain extent. But we considered that the criticism is both of objective (relating to certain facts) and not objective (Weltrade is a scam, Forex scam lottery) nature.

The prejudiced critics wasn’t considered by us because of no verifiable data as they are. The objective cases were selectively analyzed. The analysis showed that the majority of claims was resolved in favor of traders.

If we find complaints about WELTRADE, we will post it on social media. Follow us to be well informed:

WELTRADE broker regulator

In 2020 the broker got a license of the financial regulator IFSC/60/350/TS/15-16. Apart from this, in May 2020 Weltrade became a license of the National bank of Belarus.

Is WELTRADE a scam?

As we are all aware, if a company executes the scam, such facts immediately come out and become apparent to public opinion. Then the scam initiator has to close the company and establish a new one to turn over a «fresh leaf».

The WELTRADE broker has been operating in the market for over 11 years already, which emphasizes that there is no gamesmanship in its business.

Summary statement

The company earning capacity depends on efficiency of its traders. The more effective is the trader, the more deals he is ready to make, the higher is the company income. If the trader isn’t effective, he may stop Forex trading at all, which will result the decrease of the company earning capacity. That’s why WELTRADE puts put considerable efforts for the quality traders training, on the regular basis publishes analytical reviews, delivers webinars and trainings.

One feature of the broker is the implementation of the trading account «CRYPTO», allowing to operate with a wide range of cryptocurrencies, including Bitcoin, Etherium, Monero, Ripple, Dash, Zcash. Due to high volatility of cryptoassets the WELTRADE traders have the chance to get the considerable income in the short term (are cryptocurrencies a scam?).

Summary

The WELTRADE broker is a quite old (over 11 years) and proven broker in the financial market, with large numbers of traders (over 100.000). Most likely, the significant amount of users is due to the high quality support service and custom-tailored attitude.

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