Weltrade is an award-winning financial asset management firm that was established in 2006 in Saint Vincent and the Grenadines. Weltrade specializes in the provision of tradable financial instruments that can be traded across several asset classes.

Weltrade only has offices based in Saint Vincent and the Grenadines and has more than 10 employees.

Is Weltrade Regulated?

No, Weltrade is not regulated.

The lack of regulation means that there is no guarantee that funds are secure. There is no information presented on the official Weltrade website on how client funds are managed and how they are kept secured by the broker.

Regulated brokers are obliged to keep client funds in segregated accounts separate from operational funds. These funds may not be used for any purposes other than trading activities. With a lack of regulation, there is no guarantee that client funds are kept safe and secure.

Is Weltrade Regulated in the United States?

No, Weltrade is not regulated in Virginia or any other US state. 

Is Weltrade Regulated in Europe?

No, according to the official website, Weltrade is not regulated in Europe.

Is Weltrade regulated in a Tier-1 Jurisdiction?

Tier-1 jurisdiction provides brokers with the necessary licenses to operate in specific countries such as Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Israel, Japan, Luxembourg, Netherlands, New Zealand, Norway, Puerto Rico, Singapore, Sweden, and Switzerland.

According to the official website, Weltrade is not regulated in a Tier-1 Jurisdiction.

Is Weltrade regulated in Tier-2 Jurisdiction?

Tier-2 Jurisdiction provides brokers with the necessary licenses to operate in several countries including British V.I., Cayman Islands, Cyprus, Italy, Malaysia, Mexico, Poland, Portugal, Spain, and Taiwan.

According to the official website, Weltrade is not regulated in Tier-2 Jurisdiction.

What are the Platforms and Tools for Forex Trading in Weltrade?

Weltrade offers forex traders the popular and reliable MetaTrader 4 and MetaTrader 5 through which trades can be executed. 

1. MetaTrader 4 offers Forex traders some of the best analytical technologies and a variety of additional services when they trade with Weltrade. Forex traders have everything that they need for forex trading all rolled into one user-friendly, powerful trading platform. MetaTrader 4 offers 3 execution modes, nine timeframes for trading, more than 1700 trading robots, and more than 2100 technical indicators.
2. MetaTrader 5 is the updated, improved version of MetaTrader 4 and is a multi-asset platform that supports hedging and allows for multiple open positions on the same financial instrument. In addition, MetaTrader 5 also offers 5 execution modes, a multi-currency tester, more than 2500 algorithmic applications, and more, when traders register an account with Weltrade.

Does Weltrade Have a News Blog for Forex News?

Yes, Weltrade has a News Blog for Forex News on the official website. The news blog allows forex traders to filter results on global news as well as regional and national, the time zone, date parameters, and the level of importance of an event.

Does Weltrade Have a Traders Dashboard?

No, Weltrade does not have a forex traders dashboard on the official website.

Does Weltrade Have an Educational Section?

Yes, Weltrade has an education system for Forex forex traders on the official website.

To join Weltrade’s education system, forex traders must provide their first and last name and their mobile number to subscribe to notifications regarding upcoming seminars and training events.

What is the content of Weltrade Forex Education?

There is no content in the Weltrade education section on the official website. Forex traders must subscribe to be notified of upcoming training events and seminars.

According to the official Weltrade website, the seminars that the broker offers are designed to deliver key market updates to forex traders and to teach forex traders on all skill levels to improve their trading strategies.

Weltrade offers an interactive format of training that allows forex traders to study under the guidance of their instructors on an electronic platform.

Is Weltrade Legit?

No, Weltrade is not a legit Forex Broker and Trade Platform. Weltrade does not have any legal certificates, authorization, or regulation to perform Forex Broker and trading services.

Is Weltrade Safe?

Weltrade is not safe. According to the official Weltrade website, there is no record of certificates, authorization, or regulation that proves that Weltrade is a reliable and safe Forex Trade Platform.

Is Weltrade a Good Broker?

Yes. According to the Forex Suggest review, Weltrade is a good broker for trading speed and online support but not for security or cryptocurrencies.

1. In terms of security, Weltrade is not a good broker as it does not possess any regulation or authorization to provide forex broker and trading services.
2. In terms of trading speed, trades on the Pro Account are executed from 0.5 seconds.
3. Where online support is concerned, Weltrade offers the option for Live Chat, with queries answered within seconds, with online support available 24/7.
4. Where security is concerned, Weltrade is not a safe option as the broker does not have any regulation, authorization, or licenses to provide trading solutions or services to forex traders and thus client fund security cannot be guaranteed.
5. Weltrade does not offer the option for the trade-in of cryptocurrencies.

What is the Offering of Investment in Weltrade?

Offerings of Weltrade can be found below.

Does Weltrade have Nasdaq?

Nasdaq is one of the major stock exchanges in the world where the top technological shares from tech giants are listed and traded.

No, Weltrade does not have Nasdaq on its official website.

What are the Awards of Weltrade?

Forex Trading Platform Weltrade’s awards are listed below.

1. Best Foreign Broker – 2019
2. Best Customer Service Award – 2017
3. Best Affiliate Program – 2015
4. Best Trade Executions – 2015
5. Best Customer Service Russia – 2014
6. Business Olimp Awards – 2014

How to Use Weltrade for Forex trading?

To use Weltrade, a forex trader should have the necessities below:

1. A copy of the forex trader’s identity document or passport.
2. The trader must be 18 years old, or older.
3. The trader must have their proof of residence (not older than three months).
4. A minimum deposit of $25.

If a Forex Trader has the conditions above, they can open a forex trading account to use Weltrade. 

How to open a Forex trader account with Weltrade?

To open a Forex Trading account with Weltrade, a trader should follow the steps below.

1. Navigate to the Weltrade website and select the green “Registration” banner from the home screen.
2. Forex traders must provide their name, email address, and mobile number and select “Get Started”.
3. Forex traders must check their email to find their confirmation code and enter it into the field provided.
4. Forex traders will receive their login name and auto-generated password via email and be redirected to an online application to provide some more personal information for registration.
5. Once done, forex traders will be redirected to their personal area where they can add trading accounts and manage settings.

What are the Forex Trader Account Types with Weltrade?

Forex Trading Platform and Financial Asset Management Institution Weltrade offers the option of six different account types, each designed for different forex traders based on their individual trading needs and objectives.

Weltrade Account Types are listed below. 

1. Demo Account

2. Micro Account

3. Premium Account

4. Pro Account

5. ZuluTrade Account

6. Digital Account

• Demo Account

Weltrade offers forex traders a free demo account that can be opened from the personal area. With the demo account, beginners can practice their trading while more experienced forex traders can test their trading strategies or explore Weltrade’s offering.

• Micro Account

The Micro Account is specifically designed for beginner forex traders and has the following features:

• Minimum deposit of $25.
• Average trade execution speed from 0.9 seconds.
• Cents USD/EUR as the account currency.
• Floating spreads from 1.5 pips.
• Market execution and 5-mark quotes.
• Micro Lot trading from 0.01 lots, maximum single order up to 1000, maximum of 100 open orders, and 100 pending orders.
• Leverage from between 1:33 up to 1:1000.
• Unlimited equity.
• Margin call level of 20% and stop-out level of 10%.
• Zero-commission trading.
• Access to MetaTrader 4 and MetaTrader 5.
• Access to automated trading.
• Halal trading for Muslim forex traders.
• Access to trade forex and metals.

• Premium Account

The premium account caters to more advanced forex traders who have more skill, experience, and knowledge in trading. The Premium Account has the following features:

• Minimum deposit of $200.
• Average trade execution speed from 0.8 seconds.
• USD/EUR as the account currency.
• Floating spreads from 1.5 pips.
• Market execution and 5-mark quotes.
• Micro Lot trading from 0.01 lots, maximum single order up to 100, maximum of 150 open orders, and 150 pending orders.
• Leverage from between 1:33 up to 1:1000.
• Unlimited equity.
• Margin call level of 20% and stop-out level of 10%.
• Zero-commission trading.
• Access to MetaTrader 4 and MetaTrader 5.
• Access to automated trading.
• Halal trading for Muslim forex traders.
• Access to trade forex, metals, and commodities.

• Pro Account

The Pro Account is the most popular account option of all the types offered and caters for a variety of forex traders by offering the best trading conditions. The Pro Account offers the following features:

• Minimum deposit of $500.
• Average trade execution speed from 0.5 seconds.
• USD as the account currency.
• Floating spreads from 0.5 pips.
• Market execution and 5-mark quotes.
• Micro Lot trading from 0.01 lots, maximum single order up to 100, maximum of 150 open orders, and 100 pending orders.
• Leverage from between 1:1 up to 1:1000.
• Unlimited equity.
• Margin call level of 20% and stop-out level of 10%.
• Zero-commission trading.
• Access to MetaTrader 4 and MetaTrader 5.
• Access to automated trading.
• Halal trading for Muslim forex traders.
• Access to trade forex, metals, and commissions.

• ZuluTrade Account

The ZuluTrade Account caters specifically for social trading and offers forex traders the following:

• Minimum deposit of $500.
• Average trade execution speed from 0.7 seconds.
• USD as the account currency.
• Floating spreads from 2.9 pips.
• Market execution and 5-mark quotes.
• Micro Lot trading from 0.01 lots, maximum single order up to 100, maximum of 100 open orders, and 100 pending orders.
• Leverage from between 1:33 up to 1:500.
• Unlimited equity.
• Margin call level of 20% and stop-out level of 10%.
• Trading commission from 1.5 points.
• Access to MetaTrader 4.
• Access to automated trading.
• Halal trading for Muslim forex traders.
• Access to trade forex, metals, and commissions.

• Digital Account

The Digital account has zero fees and offers forex traders the following features:

• Minimum deposit of $50.
• Average trade execution speed from 0.7 seconds.
• USD as the account currency.
• Floating spreads from 0.0 pips.
• Market execution and 5-mark quotes.
• Micro Lot trading from 0.01 lots, maximum single order up to 100, maximum of 100 open orders, and 100 pending orders.
• Leverage from between 1:3 up to 1:20.
• Unlimited equity.
• Margin call level of 40% and stop-out level of 20%.
• Zero-commission trading.
• Access to MetaTrader 4 and MetaTrader 5.
• Access to automated trading.
• Halal trading for Muslim forex traders.

How to Withdraw Money from Weltrade?

To withdraw money from Weltrade, the following should be done:

• Log in to your Weltrade Personal Area and select the option to “Withdraw”.
• Forex traders can then select their preferred method of payment, the currency, and the amount to withdraw.
• Lastly, forex traders can follow any further instructions before submitting the request.

How many days do deposits take with Weltrade?

Deposits with Weltrade are either instantaneous or will be processed within 24 hours.

What are the costs and fees with Weltrade?

There are four different types of costs with Weltrade namely spreads, commissions, swap rates, margin requirements, and non-trading costs and fees that involve deposits, withdrawals, inactivity fees, and account management and maintenance fees.

The spread is the difference between the bid/ask price expressed in pips. Commissions are often a flat rate fee charged either per side or per round turn. Swap rates or overnight and rollover fees are costs incurred when forex traders keep positions open for longer after the trading day has ended.

The margin is collateral that Weltrade requires and that forex traders must pay before they can execute a trade, with the help of leverage, margin requirements are significantly lowered.

What are the Trading Fees with Weltrade?

Weltrade does not charge any deposit fees, but withdrawal fees are charged. Weltrade also charges swap fees in addition to commissions, and the spread varies between account types and financial instruments.

All trading accounts are Halal for Muslim forex traders that follow the Sharia law.

The Forex Trading Fees with Weltrade are below. 

Weltrade Micro Account Fees:

1. Spreads: from 1.5 pips
2. Commission: None
3. Margin call: 20%

Weltrade Premium Account Fees:

1. Spreads: from 1.5 pips.
2. Commission: None
3. Margin call: 20%

Weltrade Pro Account Fees:

1. Spreads: from 0.5 pips.
2. Commission: None
3. Margin call: 20%

Weltrade ZuluTrade Account Fees:

1. Spread: from 2.9 pips
2. Commission: 1.5 points
3. Margin call: 20%

Weltrade Digital Account Fees:

1. Spread: from 0.0 pips.
2. Commission: None
3. Margin call: 40%

What is the minimum deposit in Weltrade?

According to the official website, the recommended minimum initial amount with Weltrade is 25 USD.

What are the contract specifications in Weltrade?

Does Weltrade have promotional offers?

Yes, Weltrade Trade and Exchange Platform has promotional offers for both new and existing forex trading account holders. The promotional offers are listed below.

1. iPhone 12 Pro Max.
2. TRADE2WIN
3. ASTROCARDS
4. SPINNER
5. Bonus 100%
6. No-Commission Deposit
7. CASH PUZZLE

Does Weltrade have a welcome bonus?

Yes, Weltrade has a welcome bonus. Weltrade’s welcome bonus is for new forex traders who register a trading account on MetaTrader 5 and who make a minimum deposit of $200.

Does Weltrade have a deposit bonus?

The Deposit Bonus in Weltrade is a bonus used to provide forex traders with trading credit based on their initial amount. Weltrade offers a deposit of up to 100% (maximum $10,000) and can be used as trading credit instead of risking actual capital in the Weltrade Exchange Organisation.

Is there a commission-free trade bonus in Weltrade?

The commission-free trade bonus in Weltrade provides forex traders with trading credit based on their initial deposit and the exchange rate of the financial instrument that they trade.

Weltrade offers a commission-free trade bonus based on the initial deposit amount divided by the exchange rate of the currency pair traded to provide forex traders with a bonus amount that serves as trading credit.

Is there a VIP bonus in Weltrade?

No, Weltrade does not offer a VIP bonus to forex traders.

Can you start trading with no money at Weltrade?

No, you cannot start trading without a funded trading account at Weltrade. forex traders must deposit a minimum of $25 when registering a Micro Account. Each account type has its own minimum deposit requirement.

How does leverage work with Weltrade?

Weltrade offers leverage from 1:1 up to a maximum of 1:1000. Leverage can be adjusted in the personal area when clicking the settings icon next to the account name and selecting leverage.

Leverage is a useful tool that is offered by Weltrade and allows forex traders to open larger positions despite their initial deposit. Even though leverage helps forex traders maximize their profit potential, it can also lead to substantial losses that may exceed the initial deposit of the trader.

Where are the headquarters of Weltrade?

Weltrade is headquartered in Kingstown, Saint Vincent, and the Grenadines.

Who is Weltrade’s CEO?

There is no information on the CEO of Weltrade from official sources. According to an official Weltrade Support Agent, information on the CEO is classified.

What are the social media accounts of Weltrade?

Forex traders can follow Weltrade on the following social media accounts:

• Facebook

How many employees do work for Weltrade?

There is no official source that provides the staff complement of Weltrade. According to the business size and operations of Weltrade, the broker has more than 10 employees.

What are the opinions about Weltrade?

There are very few opinions on Weltrade as the broker is not regulated, however, there are a few forex traders who make use of the broker that do not have complaints with Weltrade’s service.

What are Weltrade Contests?

Weltrade contests allow forex traders to enter and stand a chance to profit on winnings. Weltrade offers a TRADE2WIN contest with a $10,000 prize pool, with winners that are drawn every Sunday.

All Weltrade forex traders can join once they have verified their mobile phone numbers and forex traders can access the required trading volume in their personal area.

Does Weltrade have online support?

Yes, Weltrade has an online support team for forex trade account users that can be accessed 24 hours a day, 7 days a week.

Does Weltrade offer demo accounts for Forex trading?

Yes, Weltrade offers a free demo account for all new forex traders. The demo account can be opened with the following steps:

1. Forex traders can follow the registration for an account on the official Weltrade website and navigate to the toggle switch for Live/Demo on the personal area.

Does Weltrade have a mobile app for Forex trading?

No, Weltrade does not have its own mobile app for Forex trading. However, Weltrade makes use of the MetaTrader 4 and MetaTrader 5 mobile trading apps to offer mobile trading to forex traders.

Does Weltrade publish an economic calendar?

Weltrade offers an economic calendar on the official website.

An economic calendar is a valuable tool that helps Forex forex traders keep up to date with the relevant economic information scheduled to be released and which may impact the currency markets. 

With the Weltrade economic calendar, traders can also choose a period either in the past, current, or future to view events, select the time zone, and rank events according to their priority.

What is the communication information of Weltrade?

Weltrade has thirteen telephone numbers and one main local address.

Weltrade’s main telephone number is +44 20 3411 6458 and alternative numbers are:

Indonesia: +62 81 211 661 991

Thailand: +66 60 002 41 86

Vietnam: +84 284 458 1399

Russia: +8 800 775 68 65

Kazakhstan: +7 (727) 312 26 44

Columbia: +57 1 381 0679

Laos: +856 30 508 6611

Peru: +51 1 642 9744 

Chile: +56 2 3210 4928

Argentina: +54 11 5236 0320

Mexico: +52 55 4624 4578

Malaysia:  +60 3 9212 5488