Weltrade Review
Overview
Company Information Weltrade is a brokerage company which started its operations in 2006. The company is based in Belize, but it has offices China, Thailand, Russia, Ukraine, Belarus, and India…. more
Read Full ReviewDetails
| Broker | Weltrade |
|---|---|
| Website URL | http://www.weltrade.com/ |
| Founded | 2006 |
| Headquarters | Belmopan, Belize |
| Support Number | +44 20 34116458 |
| Support Email | info@weltrade.com |
| Support Types | Phone, Live Chat, E-mail |
| Languages | English, Thai, Russian, Indonesian, Spanish, Vietnamese |
| Minimum Trade Amount | 0.01 lots |
| Maximum Trade Amount | 1,000 lots |
| Free Demo Account |  |
| Regulated | |
| Regulation | International Financial Services Commission of Belize |
| Account Types | Micro, Premium, Pro, ZuluTrade, PAMM |
| Deposit Methods | Qiwi, Yandex, Moneta.ru, Multicurrency, Liqpays.com, Skrill, Neteller, Easypay, OKPay, MyPay, Perfect Money, FasaPay, cashU, WebMoney, Visa, MasterCard, Privat24, AlfaClick, Bank Wire, ThaiExchanger |
| Withdrawal Methods | Qiwi, Yandex, Moneta.ru, Multicurrency, Liqpays.com, Skrill, Neteller, Easypay, OKPay, MyPay, Perfect Money, FasaPay, cashU, WebMoney, Visa, MasterCard, Privat24, AlfaClick, Bank Wire, ThaiExchanger |
| Types of Assets | Forex, Metals, Commodities, Indices |
| Account Currency | USD, EUR, RUB, UAH, THB, BYR |
| US Traders Allowed |  |
| Mobile Trading | |
| Tablet Trading | |
Full Review
Company Information
Weltrade is a brokerage company which started its operations in 2006. The company is based in Belize, but it has offices China, Thailand, Russia, Ukraine, Belarus, and India. The brand is the property of System Gate Capital Ltd. and has acquired more than 100 000 clients from 19 countries. The company evolved a lot throughout its history and especially in 2012 when it included in its services ECN account interbank liquidity, automated trading, training courses for beginner traders and other campaigns and promotions. Currently, Weltrade offers some of the tightest spreads in the industry and more than 100 trading instruments. Their educational programs are some of the best in the world, and most of them are free. Their customer support is unmatched with 24/7 coverage, and their partner program is working wonders for their popularity. In 2015 the company became fully licensed and operated under the authorities of the IFSC in Belize. Let’s see what trading features does Weltrade offer.
Trading Information
At the time of writing this review, Weltrade offers five types of Forex trading accounts. The first one is the “Micro” account. It has a minimum deposit requirement of $25. The spreads are fixed and go from 2.0 pips for majors. Leverages can run from 1:33 to 1:1000. The average execution speed is 0.9 seconds. Trading instruments supported for this account types are Forex and Metals. Margin call level is set at 20%. This account is perfect for beginner traders. The “Premium” account has a minimum deposit requirement of $200. It offers pretty much the same trading conditions as the “Micro” account but adds a new trading instrument, CFD’s. Also, the execution speed is improved to 0.7 seconds. The “Pro” account is for more experienced traders and offers variable spreads that can go as low as 0.2 pips. It requires a $1000 deposit and the leverages can be set from 1:1 to 1:1000. The execution speed is improved by 0.2 seconds, and the account currency can only be USD (in “Micro” and “Premium” it can also be GBP or EUR). The ZuluTrade account is an interesting option. The spreads are fixed and go from 3.0 pips, and the minimum deposit requirement is $500. What’s interesting about it that it’s more social, and you can copy strategies directly from other successful traders. The PAMM account is suitable for experienced managers and investors.
Trading Platforms
The platform of choice for Weltrade is the famous Metatrader4. It offers unmatched trading experience and has been proven throughout the years to be the most stable and bug-free trading platform. It has multi-lingual support and excellent charting features. You have more than 30 technical indicators, and you can easily customize it to your liking. Maybe the best feature about the MT4 is that it’s understandable for beginner traders, but at the same time, it’s complex enough not to disappoint experienced investors. Automated trading is supported, and you have the option for one-click trading. You can trade from charts and signals, and you have streaming news feed 24/7. You can test and optimize trading strategies with easy and have expert advisors help you whenever you need. Receiving quotes in real time is crucial for the experienced trader and the MT4 provides it. The platform can be used with any computer device and supports Windows and Mac operating systems. Mobile trading can be done using the Android or iPhone application. The only downside to the Metatrader4 is that you’ll always need to install it on your device, and there is no web browser version of it.
Security and Customer Services
Security at Weltrade is ensured by the SSL protocol implemented on their Open Account page. The encryption protects all personal data from theft and makes it available only to the company’s employees. The company also offers segregated accounts which mean all of your funds will be deposited in top tier banks and will be kept separate from the companies. The customer support as we’ve already mentioned is at very high level. There are plenty of contact methods available, and you can get answers to your questions in just a few minutes. You can contact the customer care team by phone, by email, request a callback, fill an online form or use their Live Chat system. All the offices and branches have their postal addresses and phone numbers listed on their support page. There are tons of free educational materials for beginner traders which can help greatly in understanding how trading works. The website is translated into five languages, but support is available in more than five. And finally, you can even send suggestions on how to improve their services which show how much they care about their clients.
Deposits and Withdraws
Depositing money into your Weltrade account is easy, and there are plenty of deposit methods available. There are over 15 money transfer options you can choose from and make the deposit instantly. The company has no deposit fees for any of the transfer methods. You can transfer funds in more than six currencies. Withdrawing funds are also easy, and the transfer methods are pretty much the same. You can use any methods you like as long as it supports your currency. The processing times are quick and take about 24 hours for most of the methods. However, unlike the deposits here you have some transfer fees depending on the method chosen. The processing fees can go from 0.5% to 3% of the amount you’re trying to withdraw. All of the fees are carefully explained on the Withdrawal page.
Deposit Bonus and Loyalty Programs
Many bonuses, promotions, and gifts await you at Weltrade. It’s the part where the company shines, and you can spend hours reading all the requirements and conditions. The one bonus that needs mentioning is their 100% deposit bonus. You can read all about it on their “Promotions” page.
Be the first to leave a review.
Featured Broker
Which forex broker do you use?
