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WELTRADE – Broker Review and Trader Feedback

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WELTRADE is a global financial market leader. The company consists of 65 experts in the field of advanced technologies and offers its customers round the clock service. WELTRADE has a worthy experience in conducting direct negotiations.

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Deposits and Withdrawals
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Review of WELTRADE
Broker rating: 4.0 / 5 (1)

1. General information

WELTRADE is an international broker that began operations in 2006. According to the official resource, it is owned by Systemgates Capital Ltd. The company has a license from the Belize Financial Services Regulator and a license from the National Bank of Belarus.

Weltrade has 9 offices in different countries, the main of which are located in Russia, Belarus and Ukraine.

In 2012, the company made a rebranding and introduced several additional services for its customers such as accessing to interbank liquidity through ECN accounts, an automated trading service, training courses for beginners and various contests.

Weltrade liquidity providers are TopFX and LMAX Exchange companies.

2. Advantages and Disadvantages

Expierenced broker: 12 years on the Forex market.

Regulation: Regulated broker with license.

Awards: Broker is enriched with the prestigious financial awards.

Round the clock customer support: Support 24/7, without weekends.

Fast withdrawal: Withdraw your funds in 30 minutes.

Loyalty program: WELTRADE Club with an expanded service package for the company's customers.

VPS: Access to the VPS server.

My Safe option is a depository of funds with interest accrued up to 12% per annum.

Automatic trading on ZuluTrader, MT and MQL5.

Trade training: Available traders training.

As a disadvantage, it is possible to note that sometimes there are claims about requotes.

3. Terms of trade

The company offers the customers to join the WELTRADE Club for additional privileges. Thus, depending on the monthly trade turnover, the status is assigned: 0 lots - Bronze, 5 lots - Silver, 50 - Gold, 150 - Platinum and 300 lots status V.I.P.

Certain privileges are granted depending on the status as:

  • The accrual of interest per annum from 5% to 12%;
  • VPS service on a paid basis. The exception is V.I.P. - service is free for them;
  • eToken Pass device, which allows you to further secure funds by generating one-time passwords. The cost of the service varies depending on the status in the club.

Specific conditions:

  • the use of advisers is allowed;
  • trade deals should last more than 2 minutes.

4. Assets

WELTRADE proposes to use trading on 45 currency pairs for traders. Additionally, it is possible to conclude transactions with oil, metals, CFD - contracts.

WELTRADE allows trading the most currency pairs that are represented on the market. The most popular of them include EUR/USD, GBP/USD, AUD/USD, USD/JPY, NZD/USD pairs and others.

It is also able to open positions on the following metals as gold, silver, palladium, platinum.

WELTADE provides an opportunity to make money on oil (Brent and Crude).

WELTRADE was chosen by HitBTC as a cryptocurrency exchange for its subsidiary marginal broker. In fact, HitBTC is an exchange office that is in the top 5 of the largest exchanges on the planet with a daily turnover of more than $ 250 million.

According to this financial broker WELTRADE provides an opportunity for customers to sell uncovered sales, the classic “Short position”, as well as leverage up to 1:20.

The most popular crypto tools include Bitcoin, Ethereum, Litecoin and Bitcoin Cach.

5. Trading Platform

The MetaTrader 4/5 is a well-equipped workplace for traders that allows trading in financial markets. It provides the necessary tools and resources for analyzing the price dynamics of financial instruments, carrying out trading operations, creating and using automated trading programs.

6. Mobile Trading

MetaTrader 4, 5:

The MetaTrader 4/5 applications perform a huge number of functions and work on any Android OS mobile device. By installing applications on your gadget, you can trade without leaving home.

Android:

MetaTrader 4/5 are available for free on the App Store to make your trading experience easy and mobile.

7. Demo Account

Opening a demo account, you get to know how to make transactions in existing financial markets, while not risking your money. A demo account is a great opportunity to understand the principles of operation of the Forex market, choose a trading strategy and gain confidence in your abilities, to learn in practice the possibilities of a trading terminal.

A $ 5,000,000 practice account will allow you to learn without risking your money:

  • Using of the interface of trading platforms;
  • Making deals in real time;
  • Applying of the technical analysis methods;
  • Testing of the trading strategies in practice;
  • Feeling of the currency fluctuations.

8. Types of accounts

Forex broker offers several types of accounts. Choosing them depends not only on the capital, but also on the purpose for which you open an account in WELTRADE.

The main activity of the company is providing traders with access to the FOREX. The minimum deposit is $ 25 (in cent accounts).

There are several variations of trading accounts such as Micro, Premium, Pro, ZuluTrade (automated trading). Used leverage is from 1: 1 to 1: 1000 depending on the type of account. Differences between several types of accounts are listed in the table (for current conditions, see the website).

Micro-account (cent) is with a fixed spread, from 2 points; deposit size is from $ 25, minimum lot - 0.01. Leverage is 1:33 - 1:1000, five-digit quotes. It is the optimal account for traders who want to get skills on a real account without the risk of losing significant money and those who trade with a small capital.

Premium account (standard) is with a fixed spread, from 2 points; it is the most frequently opened account. The required deposit amount is from $ 200. The account has five-digit quotes, the minimum lot is 0.01. This standard account is suitable for most traders who regularly trade on the market.

Pro-account (professional) spreads floating from 0.5 points, execution of transactions - market, and quotes - five-digit. The account works on technology STP. The size of the deposit is from 500 dollars. This account is interesting to those who have extensive experience and for whom the speed of execution of transactions and obtaining the best quotes for traded assets is extremely important.

In addition, WELTRADE provides its customers with the opportunity to work on specialized accounts:

ZuluTrade is with the deposit from 100 dollars. Shoulder is 1:33 - 1:500. Spread is fixed, minimum lot is 0.01. The purpose of the invoice is to auto-copy the signal provider transactions;

9. Opening of the account

The registration procedure in your personal account and when opening an account is quite simple:

Clicking on the “personal account” button in the right top of the site, a special form appears in which you select the section you need, enter the e-mail and password. Then click the "Register" button. The procedure is complete.

Opening a trading demo / live account is also easy. Clicking on the "Register" button drops the registration form, to which you must enter your details and answer the questions asked (see below).

Where to begin with?

  • Register on the site;
  • Open a trading account and complete it;
  • Install the platform and begin working.

10. Withdrawal methods

You can withdraw the funds using following payment methods: Bank transfer - commission depending on the chosen bank, VISA, MasterCard, WebMoney, Qiwi, Yandex money, Skrill (Moneybookers), EasyPay, Okray, Alpha click, Perfect Money, LiqPay, others.

11. Trader Training

WELTRADE pays a lot of attention to the process of training traders. You can find training programs, full-time and online seminars are regularly conducted by an experienced trader. The information is focused on obtaining the necessary theoretical information and practical skills for analyzing the market and the trading process. It is available to read the materials of the video course and useful literature that you can download on the site. The site has faster adaptation to trade and practical skills can be obtained on a Micro account without the risk of significant budget losses.

12. Should I trade with WELTRADE?

The company has a 12-year experience in providing brokerage services, an extensive network of branches and representative offices. In addition, the broker is focused on high-level service, constantly evolving, working transparently. There is some concern about the offshore jurisdiction of the company, but if, according to the new law on the Forex market, WELTRADE fulfills all its requirements, this problem will lose its relevance.

There were no significant incidents during this period. Technical support, standard trading platform and obligations to customers are met. There is an opportunity to trade at various levels of traders, technical support works at a good level. A set of tools is standard. There is the possibility of learning. Well implemented affiliate programs.

In general, the assessment is positive and WELTRADE can be recommended as a reliable broker.

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