Weltrade is a brokerage firm that provides a global clientele with online trading in over 77 trading instruments across forex currency pairs, gold, oil, and cryptocurrencies. The broker is located offshore in Saint Vincent and the Grenadines, but they operate an STP execution model with competitive spreads, minimal requotes, good trade execution speeds from 0.5 seconds, and leverage of up to 1:1000.
Weltrade has won some brokerage industry awards, including the ‘Best Foreign Broker’ at the Asia Forex Expo 2019 International Exhibition and the ‘Best Trade Execution’, at the International Exhibition Shanghai Forex Expo 2015.
Weltrade Review Introduction
In this Weltrade review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including Weltrade.
Weltrade Platforms & Tools
Weltrade provides traders with a choice of the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, developed by Russian software company, MetaQuotes. The MT4 plaform is a fully customizable multi-asset platform, with a user friendly interface. It has impressive analytical capabilities, with more than 50 built-in indicators and tools. There is also the MetaTrader 4 Multiterminal, which is mostly helpful for those who manage investors’ accounts and for traders working with multiple accounts simultaneously.
The MetaTrader 5 plaform is very similar to the MT4 but has advanced features and functionalities, including more indicators, timeframes, order types, and depth of market level 2 pricing. It enables the use of automated trading systems, robots, and copy trading.
Both the MT4 and MT5 trading platforms are available as desktop applications for Windows and Mac computers, WebTrader that runs directly on any modern web browser, and mobile apps for Android and iOS devices for those who want to trade on the go.
Weltrade’s clients also benefit from other trading tools apart from those built into the MetaTrader platforms. Some of those tools include the MQL5 Signals, ZuluTrade signals, Trading Robots & Indicators, VPS Virtual Hosting, Trading Calculator, and Education Calendar.
Weltrade Research & Education
The broker’s website has no dedicated traders’ academy, but the broker tends to organize seminars from time to time.
Weltrade Trading Accounts
Weltrade has a selection of trading accounts to cater to the different needs of traders. They include Micro, Premium, Pro, ZuluTrade, and Crypto Accounts. The minimum deposit starts from just $25, while leverage of up to 1:1000 is available. Spreads are variable and start from 0 pips on the Crypto account or 0.6 pips on the Pro Account. All accounts are commission-free apart from the ZuluTrade social trading account and Crypto account. There are demo accounts available for those who want to practice their trading strategies. Swap-Free Islamic accounts that comply with the sharia law are also available.
Weltrade Account Funding
Weltrade has a variety of convenient methods for depositing and withdrawing funds from your trading account. They include bank wire, credit/debit cards, cryptocurrency, and online payment systems, such as Skrill, Neteller, PerfectMoney, WebMoney, Qiwi Wallet, and FasaPay. Accounts can be opened in USD or EUR, and currency conversion fees do not apply. Transaction limits, fees, and processing time may be different for the various payment methods.
Weltrade Customer Service
The broker offers multilingual customer support that is available 24/7 all year round. They can be reached via telephone, email, and online webchat.
Weltrade is an offshore broker located in Saint Vincent and the Grenadines. There is no regulatory information on the broker’s website.
Weltrade Review Summary
Weltrade provides a reasonable online trading service with a variety of platforms, tools, account types, and funding options. But they are not regulated.
It is worth mentioning that some of the trading products and services in this Weltrade review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the Weltrade broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.