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Independent rating of Forex broker Weltrade

6/10 (votes 100)

On-line since
2006
Country of origin
Belize
Regulation
IFSC
Payment options
Visa, MasterCard, WebMoney, NETELLER, Skrill, Perfect Money, FasaPay etc.
Minimum account size
$25
Minimum lot size
0.01 lots
Leverage
1:500
Spreads
from 0.5 pips
Weltrade is a forex broker providing traders with access to the international currency market. Weltrade was established in 2012. However, since 2006 to 2012 the company had operated under a different name, SystemForex. In 2014, the brokerage firm introduced the PAMM system that enables its clients to invest their funds in trading projects of successful account managers. Weltrade’s four official representative offices are located in Ukraine, Russia, Belarus, and Thailand.
The company offers its clients a comprehensive range of financial instruments including 72 currency pairs, commodities, metals, and CFDs. Beginners are advised to start their trading experience with cent accounts. Weltrade facilitates online trading through the MetaTrader 4 trading platform for PCs as well as MT4 mobile version for Android and iOS.
The broker also offers traders VPS hosting services for automated trading which can be an effective solution for those whose trading process depends mostly on using expert advisors.
One of the unique cutting-edge features of Weltrade is eToken Pass, an authentication device used to protect one’s trading account from unauthorized access. This is a compact and portable password generator shaped as a key fob, which every client of the company can receive by post. As soon as you activate the device, no one would be able to enter your personal account unless they possess your password generator. In order to log in to your account, you need to indicate your email and password, and then enter six more digits generated by your eToken Pass.
Another advantage of the broker is 24/7 customer support. Moreover, Weltrade provides up-to-date analytical reviews, market forecasts, and macroeconomic news along with free video tutorials and popular guides and textbooks on currency market principles.

Comments

Author: Trader Theo Date: 2022-05-12 07:11:34 (UTC+3)
Trading with Weltrade is not a pleasure. I have suffered from a terrible trading platform. I was using their MT4 platform, I couldn't close the order on my desired positions because their trading platform was hung. Their system executes trades poorly. There’s often requoting and I was also unable to close a profitable trade when it was winning, and as soon as it went down in the lows, it was closed with a substantial loss, of course.
Author: Koreen Date: 2021-10-26 03:43:02 (UTC+3)
I did not like my experience at Weltrade. The broker has a terrible trading platform. It kept crashing when I was still trading and the account balance that it displays always changes. I closed my account because of this and thankfully, they returned my money.
Author: Peter Date: 2021-09-15 04:25:12 (UTC+3)
They delayed the processing of my verification because they requested more documents so I went back and forth to provide all of them and emailed it. But after 3months they denied my account application. I have to find another broker. I close my account in this broker soon. The platform doesn't have instant order execution, actually is very slow execution and thus losing money.
Author: Wincy Date: 2021-07-02 06:41:33 (UTC+3)
I guess it is not enough that a broker can provide a stable platform. This should not be the sole consideration when we choose our broker. With my experience at Weltrade, I realized the importance of great customer service. Yes, their platform is stable most of the time, but it still gets issues from time to time. And when it does, I am left hanging because I cannot contact the customer support. They are not able to assist us.
Author: Johandy Date: 2021-03-12 05:51:02 (UTC+3)
The minimum initial deposit at Weltrade was very low so I did not think much a lot when I opened an account. If things did not work out. then I only wasted a small amount of money. However, after opening an account, the company required to replenish right away. I haven't even started any trading activity yet, and they already want me to deposit more. Naturally, I did not oblige. But then, they closed my account and did not return the money.
Author: James Date: 2021-01-20 13:58:53 (UTC+3)
I have preferred to trade with Weltrade brokers. This Stable platform gave me an opportunity to earn money in the market. I've got a Micro account and using their MT4 platform. I've found fixed spread and perfect order execution iso far. I want to Thanks, Weltrade broker given me this kind of professional service in the forex market
Author: Nellron Date: 2021-01-13 01:08:56 (UTC+3)
They do not execute or sometimes they execute well after it hit my past target price. Execution is very bad, they change rules without prior notification, orders are not filled and spreads are high. I didn't understand what happened to my trades I was about to add an order and all closed, I opened my trading history and could see that my trades got closed due to Margin call. It's weird. Not a good variant for long-term traders, cause price may differ if you leave your order open for longer time.
Author: Noyima Date: 2020-11-12 04:31:50 (UTC+3)
I decided to open an account at WelTrade because of their low initial deposit requirement. Since I will be risking just a small amount of money, I gave it a shot. Unfortunately, the trading environment of this broker is not very impressive. Their platform is terrible. It lags and even crashed frequently. Their customer support is responsive but they do not take action right away.
Author: Kusein Date: 2020-09-16 05:02:13 (UTC+3)
Perhaps,it's too soon if I give negative comment about this broker. But I only shared some bad events on my account. I have tried their system, and it's terrible. Their system have many failures, high commissions and high spreads. Not regulated and this is the reason why I decided to closed my account two weeks ago. I'm afraid to lose my money without doing nothing.
Author: fxcirip Date: 2016-08-23 04:24:24 (UTC+3)
Always a lot of problems when bnergabung with this broker. I wanted to immediately leave this broker and say the truth that all traders with all that has happened to me in this broker. indeed this very issue made me miserable at the time of trading. I do not want this problem has always bothered my life.

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