Weltrade Review: Is Weltrade Broker Good?

Weltrade Broker Overview and General Information

Weltrade is an official registered trademark of Systemgates Ltd, a company incorporated in Saint Vincent and the Grenadines with company number 24513 IBC 2018. The broker was founded in 2006 and is headquartered in Saint Vincent and the Grenadines. It has been in operation for over 17 years and currently offers online trading services to traders from 18 countries around the world. The website supports more than 10 languages, including Thai.

Licenses that Weltrade Broker has obtained

If you ask whether Weltrade broker is good or not, you must first consider the license factor, which has the following licenses:

• Weltrade is authorized to trade CFDs by Saint Vincent and the Grenadines, license number 24513 under the company SYSTEMGATES LTD.

• Weltrade SA (PTY) LTD Registration Number 2019/334947/07 Republic of South Africa (RSA) Registered address of the company is 29 VALERIE CRESCENT, BAGLEYSTON, JOHANNESBURG, GAUTENG, 2192 Authorised by the Financial Services Commission (FSCA) FCP License No. 50691.

Trading products

Forex

• A wide range of Forex trading services with a wide range of currency pairs to trade including majors, minors and exotics. Traders can speculate on the volatility of the Forex market 24 hours a day.

Metals

• Traders can trade precious metals such as gold and silver, which allow investors to diversify their portfolios and hedge their risk during times of market uncertainty.

Indices CFDs

• Traders can trade index CFDs on major global markets such as the S&P 500, NASDAQ, FTSE 100 and DAX 30. Indices trading allows traders to efficiently speculate on the movements of stock indices across the world.

Commodities

• Commodity trading services such as crude oil, natural gas and agricultural products. Commodity trading allows investors to diversify their portfolios and speculate on the volatility of commodity prices.

Stocks CFDs

• Traders can trade CFDs on shares from leading companies around the world, giving investors access to the stock market and the ability to take full advantage of share price movements.

Exotics

• In addition to major and minor currency pairs, there is also an exotic currency pair trading service for traders who want the challenge and opportunity to speculate on highly volatile currencies.

Trading Platform

MetaTrader 4

MetaTrader 4 offers leading trading and analytical technologies for Forex trading.

• Support all platforms

  • iOS

  • Android

  • Windows

  • Mac OS

  • Web Terminal

• Highlights

  • 3 working modes

  • 9 Time Frames for Trading

  • 1700+ trading robots and 2100+ technical indicators

  • Timely notification

  • Support both iOS and Android OS

MetaTrader 5

MetaTrader 5 is the latest generation of MetaTrader 5's multi-asset trading platform that supports multiple hedging methods, allowing multiple positions on the same financial instrument to be opened.

• Support all platforms

  • iOS

  • Android

  • Huawei

  • Windows

  • Mac OS

  • Web Terminal

• Highlights

  • 5 working modes

  • Can test multiple currencies

  • More than 2,500 ready-made algorithmic applications

  • 6 types of pending orders

  • Support both iOS and Android OS

Weltrade Broker Account Types

The broker offers three account types to choose from: Micro, Premium and Pro, with the following details:

Micro Account

• Suitable for: Beginner

• Minimum deposit: $1

• Minimum trade size: 0.01 lot

• Maximum leverage: 1:2000

• Spread: Starting at 1.5 pips

Premium Account

• Suitable for: Experienced traders

• Minimum deposit: $25

• Minimum trade size: 0.01 lot

• Maximum leverage: 1:1000

• Spread: Starting at 1.5 pips

Pro Account

• Suitable for:Professional Trader

• Minimum deposit: $100

• Minimum trade size: 0.01 lot

• Maximum leverage: 1:1000

• Spread: Starting at 0.5 pips

Deposit-Withdrawal Review

Deposit

Withdrawal

Pros and cons of Weltrade

strength

• The web page supports Thai language.

• Minimum deposit only $1

• You can deposit and withdraw money through Thai banks.

• There is a Thai support team available.

weakness

• Maximum leverage is 1:1000, which is low compared to other brokers.

• There are few instruments available for trading.

• Customer service is unresponsive and unable to help solve problems for users.

• Support team is not available 24/7.

• Users often experience delays in withdrawals and have to wait several days.

• Many users reported that after making profits, their accounts were blocked because the broker said that the users used fake credentials and manipulated prices.

Office location and contact channels

Office location 

• Suite 305, Griffith Corporate Centre, PO BOX 1510, Beachmont, Kingstown, Saint Vincent and the Grenadines

Contact channels:

• [email protected]

• +44-20-34116458

Broker Overview Summary Is Weltrade Reliable?

Weltrade is considered a fairly reliable broker, with a wide range of bonuses and promotions, easy account opening and high security, along with fast withdrawals, but there are also reports from users about:

• Withdrawal Problems: Users have reported that withdrawals are delayed or not approved.

• High fees: Withdrawal fees may be high in some methods.

• Limited features: For Micro accounts, trading features are limited and spreads are quite high.

• Unresponsive customer service: Sometimes customer service is not efficient in solving problems.

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Weltrade Review Compare spreads, fees, trading platforms, deposit and withdrawal conditions and more with real user reviews to help you decide which broker suits your needs.