Weltrade

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AspectDetails
broker popularity top broker high popularity best reviews benchmark
Leverage1:500 to 1:1000 (Dependent on Account Type)
Minimum Deposit$1
Year Established2006
RegulationFSA
Payment methodsLocalized bank wires, Credit/Debit cards, Skrill, Neteller, Perfect Money, FasaPay, Cryptocurrencies
Publicly Traded
Employees<25
Type of BrokerMarket Maker
MT4
MT5
Trading AssetsForex, Cryptocurrencies, Commodities, Indices, Equities
Demo Account
Islamic Account
CopyTrading
Signals
Deposit Fee
Withdrawal Fee
Rating★★★★ 4.1
Offers Official Website

Alternative Brokers

Pros and Cons

Pros
  • Fast withdrawal processing (30 minutes) with cryptocurrency support.
  • Generous bonuses and incentives for active traders.
  • Low minimum deposits, high leverage, and a Micro account for beginners.
  • Low trading costs in a commission-free pricing environment.
Cons
  • Limited asset selection.

Introduction

In the fast-paced world of online Forex and CFD trading, longevity and reliability are crucial factors in choosing a brokerage.

Weltrade, with over 13 years of industry experience, stands as a testament to its ability to not only survive but thrive in a competitive landscape.

Headquartered in St. Vincent & the Grenadines, the global presence of the broker reflects its commitment to providing diverse trading opportunities for a wide range of investors.

As we delve into the intricacies of this broker, it becomes evident that it is not just an option; it is a strategic choice for those seeking stability and innovation in their trading journey.

Account Types

Weltrade distinguishes itself by offering a spectrum of account types, catering to the unique needs and preferences of traders.

The Micro, Premium, Pro, ZuluTrade, and Crypto accounts present a varied landscape of trading conditions.

Each account type is meticulously designed, and traders are encouraged to choose based on their experience, risk tolerance, and specific trading objectives.

The emphasis on education is evident in the provision of a Micro account, tailored for training and familiarization with trading conditions.

Understanding the nuances of each account type is crucial, especially considering the variations in trading costs, leverage options, and available assets.

From the commission-free Micro and Premium accounts to the specialized Crypto account for cryptocurrency enthusiasts, Weltrade provides a comprehensive suite of choices.

Discover all Account Types

Trading Platforms: Empowering Traders

Empowering traders with choice, the broker supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.

Micro, Premium, Pro, and Crypto account holders can opt for either platform, while ZuluTrade account users operate exclusively on MT4.

The versatility of these platforms, available on desktop, mobile, tablet, and web, ensures that traders can seamlessly manage their portfolios in a way that suits their preferences.

Leverage

Leverage options vary across account types, with Pro account holders having the smallest leverage (1:1) and Crypto accounts starting at 1:3.

Beginners are advised to practice on a demo account before choosing higher leverage options to mitigate potential losses.

Trade Sizes

The minimum trade size for all accounts is 0.01, with varying maximum order volumes.

Account types dictate the number of open positions allowed simultaneously.

Margin Call/Stop Out Levels

  • Micro, Premium, Pro, ZuluTrade: 20%/10%
  • Crypto: 40%/20%

Trading Costs

Weltrade’s revenue model includes commissions, interest rates, swap fees, and spreads.

While Micro, Premium, and Pro accounts are commission-free, ZuluTrade accounts incur a 1.5-point commission, and Crypto accounts face a 0.5% commission.

Assets

The broker offers a diverse range of tradable assets, including Forex, commodities, metals, and cryptocurrencies.

Each account type determines the available asset options.

Spreads

Floating spreads characterize all account types, ranging from 0 pips on Crypto accounts to 2.9 pips on ZuluTrade accounts.

Commission-free accounts generally exhibit higher spreads.

Minimum Deposit

Deposit requirements range from $25 to $500 USD, accommodating traders with varying budgets.

Micro and Crypto accounts feature the lowest minimum deposits.

Deposit and Withdrawal Methods

Weltrade supports a myriad of deposit methods, including Visa, MasterCard, Skrill, Neteller, and cryptocurrency options.

Withdrawal fees vary by method, with an expedited withdrawal process completed within 30 minutes.

Bonuses & Promotions: Adding Excitement to Trading

Weltrade breaks away from conventional deposit bonuses by introducing dynamic and engaging promotions.

The AstroCards program, offering rounds for each deposit, and the chance to win an iPhone 11Pro Max exemplify the broker’s commitment to making the trading experience more exciting.

The innovative approach of bonuses like the Cash Puzzle and Spinner adds a layer of unpredictability, keeping traders on the lookout for new opportunities.

Check all Bonuses Available

Educational & Trading Tools

Education is a cornerstone of Weltrade’s approach, primarily delivered through live seminars.

While the focus on seminars is commendable, a more detailed presentation of upcoming events directly on the website would enhance accessibility for traders.

The inclusion of a MetaTrader 4 guide and free demo accounts, accommodating an impressive balance of up to $5,000,000 in virtual currency, facilitates a risk-free environment for learning and experimentation.

Customer Service

Customer service is a vital aspect of any trading relationship, and the company aims to provide comprehensive support through various channels.

While the Live Chat feature may experience occasional delays, the availability of support around the clock, coupled with email and phone options, ensures that traders can seek assistance when needed.

Conclusion

In conclusion, Weltrade emerges as a robust and innovative brokerage, offering a diverse range of account types, trading platforms, and engaging bonuses.

The broker’s commitment to education and providing tools for traders reflects a customer-centric approach.

The dynamic nature of bonuses adds an element of excitement to the trading experience.

As traders navigate the complex world of Forex and CFDs, it stands as a beacon of stability, offering a reliable platform for both novice and experienced investors.

However, as with any financial decision, traders are advised to conduct thorough research and consider their individual trading needs before making a definitive choice.

Weltrade, with its proven track record and forward-thinking approach, positions itself as a strategic ally in the pursuit of financial success in the ever-evolving world of online trading.

Visit Official Website: https://www.weltrade.com/

FAQ – Frequently Asked Questions

What is Weltrade and how long has the company been in operation?
Weltrade is an online Forex and CFD broker with over 13 years of experience in the financial markets.
Where is the company headquartered?
Its primary headquarters are in located in St. Vincent & the Grenadines, and the company has offices in several countries, reflecting its global presence.
What account types does it offer?
Weltrade offers five account types: Micro, Premium, Pro, ZuluTrade, and Crypto. Each account type has unique features, including minimum deposits, leverage options, and tradable assets.
Can you provide an overview of the trading platforms supported?
Weltrade supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Micro, Premium, Pro, and Crypto account holders can choose between these platforms, while ZuluTrade accounts exclusively use MT4.
What are the deposit and withdrawal methods available?
Weltrade supports various deposit methods, including Visa, MasterCard, Skrill, Neteller, and cryptocurrency options. Withdrawal fees vary by method, and some options may incur service fees.
How fast is the withdrawal process?
Weltrade boasts an expedited withdrawal process, completing withdrawals within 30 minutes. Additionally, the company processes withdrawals 24/7, even on weekends.
What kind of educational resources does it provide for traders?
Weltrade focuses on live seminars as a primary educational resource. Additionally, the broker offers a MetaTrader 4 Guide and provides free demo accounts for practical learning.
How does the bonus and promotion system work and what unique offerings are available?
Weltrade introduces unique bonuses and promotions such as AstroCards, iPhone rewards, a 100% bonus for Micro and Premium accounts, and daily cash puzzles, adding an exciting dimension to trading.
Is customer support available 24/7, and through which channels can traders seek assistance?
Yes, Weltrade offers support around the clock. Traders can reach out through LiveChat, email, phone, or by filling out a callback request.
Are there any restrictions on who can open an account?
Weltrade mentions that service is not offered to residents of Canada and the United States. However, it’s advisable to be cautious, as the broker may verify the client’s location through email addresses and requires verification documents.

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Last updated: June 11, 2024