WELTRADE review 2023: should you sign up with this broker?

WELTRADEis a global corporation that enables the trading of CFDs. It was founded in 2006 by a team of people passionate about global finance and information technology. The company’s headquarters are in Saint Vincent and the Grenadines.

The firm has been operating for over 16 years, growing in popularity. In 2012, the broker came out with several new products and services. Its 180 tradable assets fascinated me.

The broker’s objective is to make safe and fair trading accessible for everyone. WELTRADE provides a working environment suitable for beginners and experienced traders alike. So, no matter your level of expertise, this broker is for you! There are many accounts, minimum-balance requirements, and high leverage.

WELTRADE homepage

WELTRADE provides five active accounts as well as a demo account. The best part is that it is regulated and monitored by the FSA (more on that later). Regulation serves to educate the public about the legitimacy of a company.

The regulatory authority also checks the company’s licenses, which increases credibility. As a trader, there are numerous aspects of WELTRADE that I appreciate. I’ll let you know about this later in the article. WELTRADE has received many awards for its one-of-a-kind service.

Who are WELTRADE’s regulators?

When I visit any broker’s website, I look for the regulation page. With WELTRADE, I did the same thing. It was easy to find the broker’s regulator. So, let’s find out more.

On the Legal Information page, you can find WELTRADE’s regulators. Below the introduction section, you can find it. Here’s a screenshot of it:

WELTRADE regulations

The regulatory authority of Saint Vincent and Grenadines is the FSA (Financial Services Authority).

How does WELTRADE work?

Are you aware that WELTRADE has over 180 instruments? It is an incredible number, for sure! But now arises the question of how does it work?

With WELTRADE, you get to know a whole lot of features. To begin with, it offers you both MetaTrader 4 and MetaTrader 5 platforms. I’ll be there in a few minutes. Let us have a look at the trading assets at WELTRADE.

Forex

• AUD/CAD
• AUD/NZD
• CAD/CHF
• AUD/CHF
• CHF/JPY
• EUR/CAD
• EUR/JPY
• EUR/RUB
• GBP/CHF
• GBP/NZD and many more

Stocks

• 3M
• American Express
• Airbnb
• Amazon
• Apple
• Baidu
• Barrick
• Caesars
• Coinbase
• Facebook and others

Commodities and Metals

• XAG/USD
• XPD/USD
• XAU/USD
• XPT/USD
• XBR/USD
• XTI/USD

Index CFDs

• AEX/EUR
• FRA40/EUR
• DJI/USD
• FTS/GBP
• HSI/HKD
• JPX/JPY
• SPX/USD and many more

How does the WELTRADE platform work?

Many traders choose WELTRADE because of its trading platforms.  I mean, I did!  I love the industry-standard platforms.

Let’s start with getting to know about the platforms. WELTRADE offers two platforms: MT4 and MT5. I recommend you go with MetaTrader 5 because it has many advanced features. MT5 allows you to trade numerous instruments in all markets.

I was particularly impressed by the trading conditions. Plus, it is more effective compared to its predecessor, MetaTrader 4. Let’s explain them in detail.

MetaTrader 4

One of the most widely used and adaptable trading platforms is MetaTrader 4. It has advanced features that can help you make informed trading decisions. There is a library of over 50 tools and indicators to help you with your analysis.

In short, it contains all you require for forex trading. It is compatible with both iOS and Android operating systems.

MetaTrader 5

MetaTrader 5 is a multi-asset trading system.  MT5 is more user-friendly and provides significant enhancements that improve effectiveness. There is a spectrum of features and tools available to assist you.

It is compatible with both the iOS and Android operating systems. Furthermore, WELTRADE allows different styles of forex trading on it.

WELTRADE platforms page

What trading indicators are available?

If you are a trader, you should know the importance of trading indicators. WELTRADE employs several indicators, a few of which are discussed below. I’ve listed some indicators right here.

• RSI
• Bollinger Bands
• Moving Averages
• Stochastics
• Commodity Channel Index and many more

If you are new to trading, try using the demo account until you can trade like a pro! I’ve been using the ZuluTrade account because it’s convenient for me. With this account, professional traders send you signals.

You don’t have to waste your time developing your trading strategies.  Simply imitate the professionals to profit! Here is the list of all WELTRADE accounts:

Micro account

It is a learning account suitable for beginners. As I said in the beginning, I chose a micro account when I started with WELTRADE. A minimum deposit amount of $1 is required.

Leverage is available up to 1,000:1, floating spreads begin at 1.5 pips, and there are no commissions. The trading equity can be up to $1,000. Furthermore, the typical execution time is 0.9 seconds.

Universe account

The universe account is next in the account types.  It requires a minimum $1 deposit.  Leverage is available up to 1,000:1, floating spreads begin at 0 pips, and there are no commissions.

The trading equity can be up to $1,000. In addition, the typical execution time is 0.4 seconds.

Premium account

The Premium Account necessitates a minimum deposit of $25. The account is free of commissions.  Leverage can reach 1,000:1, and spreads begin at 1.5 pips. The peak trading volume is not specified, and the typical execution time is 0.8s.

Pro account

Here, you require a minimum deposit amount of $100. Variable spreads begin at about 0.50 pips, and leverage can reach 1,000:1. Accounts can only be opened in USD. Pro accounts do not charge commissions, with a typical execution time of 0.5 seconds.

Zulutrade account

This is essentially an ECN account that is well-known for copy trading. The minimum deposit amount here is $200, which is available in USD. The leverage is marginally lower – up to 500:1, with a commission of 2.9 pips per lot.

Trading is limited to the MT4 forum and includes forex, commodities, and metals. This account’s typical execution time is 0.7 seconds.

Digital account

A no-fee account used solely for cryptocurrency trading. The minimum deposit is $50, with spreads beginning at 0 pips. This account’s maximum leverage is 1:100. Both MT4 and MT5 platforms are fully supported.

The execution time is 0.7 seconds on average. Opening an account on WELTRADE is also an effortless thing. These are the steps required:

• Go to the official website and click on ‘Signup’
• Then, you provide all the required information and select your account type
• Deposit funds in your account and install the platform
•  You’re all set to begin your trading adventure!

WELTRADE account types

Does WELTRADE offer a demo account?

We only recently learned about WELTRADE’s various trading accounts. Indeed, there is a WELTRADE demo account. The basic demo account provides a firsthand look into how the broker functions.

You can try it out to see if it’s something you’d like to use further. It is an excellent way to learn about a company without putting money on the line.

A broker’s safety is important to me and, of course, all traders. If you are unsure about a broker being safe, you’ll be reluctant to invest funds. Who on earth loves losing money?  But in the case of WELTRADE, some good news awaits you!

WELTRADE is a reputable company, and the FSCA regulates and supervises it. It guarantees total transparency, reliability, and oversight. The FSCA also mediates disputes between brokers and customers. The broker claims that your funds are protected and safeguarded by using two-factor authentication (2FA).

WELTRADE’s headquarters are in St. Vincent and the Grenadines. It also has offices in

• Latvia
• Indonesia
• Thailand
• Vietnam
• Cambodia
• Laos
• Colombia
• Peru
• Chile
• Argentina
• Mexico
• Malaysia
• China
• Philippines
• India
• Kazakhstan

WELTRADE locations

Who owns WELTRADE?

We know where the broker is, but do you wonder about its ownership? Is the broker independent?

Is it owned by a person or a company? Let’s see! Systemgates Ltd is the owner of this broker. Sofiante LP is the partner firm.

The methods used for depositing funds are

• Bank Transfer
• Mastercard
• Bitcoin
• Neteller
• Visa
• Skrill
• FasaPay
• Perfect Money

Because it is more suitable for me, I always choose the bank transfer option. This enables funds to be transferred rapidly and safely without exchanging cash. You could choose any method that best suits you.

There are no deposit fees at WELTRADE.  Go to its website and choose whatever method of deposit you prefer. Fill in everything they ask for, verify it, and you are ready to go!

It couldn’t be simpler, in my opinion. The broker provides more than 30 deposit and withdrawal methods on average. You can go for any payment option that is most suitable for you.

You can pay with a debit or credit card, a direct deposit, or an online transfer. Not for you? What about e-wallets or alternative local forms of payment? I am damn sure you will find anything that meets your requirements.

How to withdraw funds from a WELTRADE account

The withdrawal approaches are straightforward. They are comparable to making a deposit. E-wallets and internet transfers are also options. Withdraw using the same processes you used to deposit!

As both withdrawals and deposits have the same methods, I also choose the same bank transfer approach. Why not go with it when it’s simple and reasonable? Go to the main website and click on the withdrawal option.

Choose where you would like to withdraw funds. You must specify a justification for your withdrawal. WELTRADE’s withdrawal time is roughly 30 minutes, which is quite speedy! Complete the form, verify the information, insert a PIN (sent over either SMS or email) and you’re done!

WELTRADE funds withdrawal

There are several ways you may use to contact WELTRADE. You could send a text or make a phone call. All phone numbers are available on the website for different countries. Not comfortable? Try composing an email.

And the most exciting part is that they have separate emails for specific issues. General questions? Send an email to info@weltrade.com. If you have financial problems, go to finance@weltrade.com.

In case you require any technical assistance, try mailing support@weltrade.com. For partnerships, write an email to partner@weltrade.com. There are a whole lot of options out there!

WELTRADE provides a referral program in which you can win prizes for each referral. You will receive $50 if you refer someone using your referral code. You will be paid $50 for each referral. Isn’t that incredible?

For me, promos are the best feature of a broker. These are excellent earning opportunities that require minimal effort. So, without further ado, dive in and participate in these promotions.

Keep an eye out because the promos are time-limited and will not last forever. Not every broker provides promotional deals; WELTRADE has a significant advantage in this respect.

Does WELTRADE offer bonuses?

As a form of reinforcement, several brokers provide bonuses to their customers. WELTRADE follows suit. So, what kind of incentives and bonuses does the broker provide? Let me explain!

WELTRADE offers bonuses and favorable trading conditions to its clients. The policy requires users to level up their accounts, trade, and put money in deals. The following are the bonuses provided by WELTRADE.

• You get a 100% bonus on your first deposit.
• Demo competitions, spinners, and puzzle games are also available.
• You can also get 52% cashback on spreads.

These are all amazing chances to earn bucks! Every trader, including myself, enjoys receiving bonuses. WELTRADE provides you with many such opportunities. Just don’t forget to check the terms and conditions that apply.

WELTRADE has been around for some time and I wanted to try this broker. I read mixed reviews regarding the broker.

When I visited the website, I found several account types. I was excited to see the $1 minimum deposit. So, I wanted to give it a try with a micro account.

I deposited $50; what could go wrong with $50? The overall trading conditions were good. Now I’m using a ZuluTrade account.

There was 1:1,000 maximum leverage. But the spreads are relatively high, starting at 1.5 for major forex pairs. Also, I didn’t find the customer service helpful.

Even though there is a live-chat option, it is unresponsive sometimes. Overall, though, my experience was good. Let’s see what others are saying about this broker.

Is WELTRADE a good broker?

WELTRADE is a regulated broker with a 16-year history. The broker scores well in account types, trading assets, and platforms. Also, it makes deposits and withdrawals much easier. So, overall, WELTRADE is a good broker.

What are WELTRADE MQL5 signals? 

WELTRADE’s MT5 platforms allow MQL5 signals. The signal service lets you connect to professional traders and copy their trading signals.

What are WELTRADE Astrocards? 

The Astrocards are a form of WELTRADE promotion. It consists of multiple rounds; you can get up to $1,000 for each round.

Final thoughts

So, there you have it! WELTRADE is a comprehensive, all-in-one platform that provides exceptional services. Oh, and it guarantees security, a specific, all-in-one factor.

I’ll give it 4/5 stars. If you wish to discover more about brokerage firms, you can read our comprehensive guide here.

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