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I am investigating weltrade.in (India based Broker)

wow, what a lovely conversation we got here, sir! Will gladly spend my time of answering to your questions which obviously have appeared due to your broken x-ray scanner! :) But before I do so - let me remind you second time about address of the company and licence nummber - that its right there on the website downstairs. Do you use internet, too? Or just saying everything without looking? :) And now lets start:
1) I am just an IB of this company. Not employee as well as in other companies as a proof of it I can send you my IB links to it.
2) weltrade has a brokerage licence in Ukraine: its nummber is also writen in the most visible place on the website on EVERY PAGE of it.
3) Companies main benefits in comparing to other companies are: Direct rebate Service, Withdrawal of the funds in 30 minutes, ECN accounts and automated trading - ZuluTrade - are not pushing or advertising anyhow new costumers. This company even dont have their own school which means THEY ARE NOT ATTRACTING new costumers only how you say and unexperienced. Unexperienced forex traders don't even know what is rebate service and are going directly to the broker who is offering school and educational programs.
4) 2 pips of eur/usd spread is absoultely normal commision in the market. If it's less then even I get suspicious.. List the companies which have less I will list you 5 times more and better companies who have the same. So its a very bad argument and actually it does not play big role at all. And by the way - weltrade offers also ECN accounts, as many others players in the market, where spread is floating starting even from 0 pips!
---
thats so far... im just starting.. just want you to read again the website, double check what you are talking about, then write it. And now I'm continuing:
--
BVI licence - a)I do not see any place in the website where they claim to obtain this licence. b) even if they claim so - I do not see any point of it. All those brokers with the BVI licence - whats the point of having it? Do you, khm, 18 :) years old experienced trader :):):) (or 18 month maybe?) have any idea of what this means? BVI - British Virgin Islands - is a place where any company can open their offshore accounts and most of companies are doing it because it costs much cheaper than other. BVI, Cyprus or whatever.. it DOES NOT MATTER FOR TRADER WHO TRADES!!! What matters is that their servers are based in Norway to guarantee superfast executions without slippages and delays! What matters is their costumer support! And As I wrote you allready now 3rd time: check out their licence yourself. Just open it: weltrade.com or weltrade.in or whatever other website they have and see it yourself downstairs of the page. Ok, let me copy it for you: © 2006-2012 Systemgates Ltd. All rights reserved. Terms of UsePrivacy PolicyRisk Disclosure Systemgates Ltd is authorized and regulated by the NSSMC (National Securities and Stock Market Commission) 2012 License#: 36405537Systemgates Ltd
10-12A, Zolotoustivska str., #84 Kyiv, 01135, Ukraine
And here you can see that this company is in the market already almost 7 years. Proven data. Not 2 or 3 but almost 7. And they have supports in many languages which also plays a role of their credibility!
Again - licence in BVI - I can't find it writen on their website, if you can - send the link, I would like to check it myself. The thing what matters is the quality of execution speed. I do not wish to talk here about other forex brokerages, but it's really fast on this. And support is good, too.
Datafeeds and dealing desk: Where is your problem man!? If you don't like the dealing desk they offer ECN accounts! And if you have been traiding for 128 years, even before computer was invented, ask their support this question yourself and copy/paste the answer. As far as I know - every forex company has a dealing desk which is functioning in order to cover outside of the company opened position as its the rules of liquidity providers to do so in EVERY FOREX BROKERAGE who is offering shoulders like 1:200 or 1:500 or 1:1000 or 1:2000. That's how the business is! Forex business is supported by liquidity providers. And it's a must to do so!
And if you are really 18 years :) experienced trader, then I'm sure you would not bother yourself with such questions.. You would know them. Or you are just leaving an impression that you just felt from the moon and wondering why world is round.. Just check something before you write something. Weltrade is actually really good company with one of the fastest execution speeds in the market what matters for me and my costumers I'm recommending this to.

No one IB know what what you talking about is not it. So I speak with OWNER, SHAREHOLDER or stuff. It's better.

You accept money from Ukrainian CITIZENZ. In accordance with Ukrainian Law Ukrainian citizen HAVE OBTAIN LICENSE
from National Bank of Ukraine TO BE ABLE LEGALLY SEND MONEY outside of Ukraine to your foreign account. So you work illegal BECAUSE NO ONE HAVE SUCH license.

You clime yourself as licensed in Ukraine Company AND ACCEPT DEPOSITS OUTSIDE UKRAINE IN FOREIGN BANK. Have you license from National Bank of Ukraine ? Please provide number.

Of course YOU HAVE NOT such License ? Why ? Because account oppened for Seychelles Company with the same name!!! Offshore company WITHOUT ANY REGULATION !!!!

So you you are CROOK because you stealing taxes from Ukrainian Government and provide for traders accounts of Company without any regulation. How we can trust you.

You will receive answer for your other climes too.

Your stuff clime this is not ukrainian company - this is Seychelles Company.

Here is extract from dialogue:

Наша компанія зареєстрована в Республіці Сейшельскі Острови: Salamat House, La Poudriere Lane, Victoria, Mahe, Seychelles.

Anybody can translate stuff answer from Ukrainian. Where is license for this company ??? We are dealing with crooks gentlemen !!!
 
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Oh my god.. I will not be bothered by this post. Why dont you make the same analysis for other forex companies? Ask their owners whats happening, check their registrations, and send this directly to the company support in email or in chat and ask them this. Im steeling money from everything, from NASA, From Federal Government, From all banks in India and even from the stones on the moon and marsiens and inhabitatans of outer galactics.. :) You talk complete nonsense, I thought I can help wit locating information on the website, but now I see I even should not be bothered by this stuff.. So company is registered in sheicheles, but operating from Ukraine and got licence in Ukraine? Where is a problem for that? "We are dealing with crooks gentlemen !!!", said psycho who is talking totaly non related forex information on the forex forum.. :) to choose a company whith which you trade is 100% in your hands. To believe one or another company is 100% in your hands. What is not in your hands - how that company will treat you. And all this pointless conversation is so ackward to compare forex companies if you have not even traded with any of them. So talk personaly: execution speed. Withdrawal. Service quality. What are you talking about?! NONSENSE. Have this company anyhow cheated you personaly, your friend, your neighbor? Me personally not. I know that they are in the market 6 years, Ive been trading with them 2 years as well as with others, like forex4you, etoro, nordfx. And I HAVE BEEN THEIR COSTUMER! And I can tell you - there is no big difference between them! They are the same! Dude, where does forex company need to be registered to call them not steelers? How can forex company steel money at all?! If you lost some money - thats completely other thing! Thats why it is forex. It is like a casino! You can win and you can loose. But if you loose money in casino you cant tell that they stole it from you. And if you lost money in the forex its because you didnt guessed the predictions of almost unpredictable market. So before accusing any of forex company in steeling money from you or from anything else, you should really know what forex is before and then write this bullstuff over here..
Just one more last thing - each argument you said showed to be wrong. So whats your busines? Why do you blackmale this particular company? I've sugested this company to many of my traders, hundreds of them, and I never heard such a bullying towards it. Where's your issue? Real? Personal or imaginerry bullying just from boredness? Because everything you wrote here you can say it about any forex company and everything from this all doesnt make any sense for a trader to choose a right forex company to trade with.
 
Chinese proverb

Chinese proverb say:"Any stupid guy can ask more questions than clever guy able to answer".
Why you DO NOT ANSWER MY DIRECT QUESTIONS only substitute ANSWERS with ADDITIONAL QUESTION ???
Only because YOU HAVE NOTHING TO SAY. It's true.

My comments inserted inside your answer with +++



Oh my god.. I will not be bothered by this post. Why dont you make the same analysis for other forex companies?

+++ I made it in my previous post and TOLD ALMOST 100% CIS Based companies works UNDER POOR REGULATION system etc. Read my previous posts in this thread. Trader must to know it before send money. Is not it ?


Ask their owners whats happening, check their registrations, and send this directly to the company support in email or in chat and ask them this.

+++ All this previously done.

Im steeling money from everything, from NASA, From Federal Government, From all banks in India and even from the stones on the moon and marsiens and inhabitatans of outer galactics.. :)

+++ To be arrested and placed in prison is 100% enough you are making STEALING MONEY FROM UKRAINIAN government by SUBSTITUTION high tax Ukrainian Company account where you have pay totally 60%++ taxes from you income with OFFSHORE ACCOUNT where you have pay only RENOVATION ANNUAL FEE several 100 backs independently of turnover. Also you FOOLING traders because POSITIONING HIMSELF AS UKRAINIAN LICENSED AND REGULATED COMPANY, BUT ACCEPTING MONEY to account WITHOUT ANY REGULATIONS. How many years of Prison you get in accordance with Ukrainian and, for example, US Law ??? Ask your Lawyer !!!!


You talk complete nonsense, I thought I can help wit locating information on the website, but now I see I even should not be bothered by this stuff.. So company is registered in sheicheles, but operating from Ukraine and got licence in Ukraine? Where is a problem for that?

+++ Read above where problem. If company in such easy way IS CAPABLE steal taxes from the Government what can expect from such Company PRIVATE PERSON - ordinary trader ???? !!!!!

"We are dealing with crooks gentlemen !!!", said psycho who is talking totaly non related forex information on the forex forum.. :) to choose a company whith which you trade is 100% in your hands. To believe one or another company is 100% in your hands. What is not in your hands - how that company will treat you. And all this pointless conversation is so ackward to compare forex companies if you have not even traded with any of them. So talk personaly: execution speed. Withdrawal. Service quality. What are you talking about?!

+++ Taxes OF FOREX COMPANY is part of Forex service and FOREX RELATED INFORMATION because you are registered not on Moon. If we add these three components as:

- Company which stealing taxes
- Company which using Dealing Desk and MT4 - complete package to trade against traders
- Company ADVERTISEMENT CREATED TO ATTRACT ONLY NON- PROFESSIONAL Clients which have not any ELEMENTARY
knowledge of Forex (!!!!!!!!)

Please add all these components together and you will OBTAIN REAL FACE OF YOUR COMPANY.

I think these answers are enough to have FULL CLARITY WHO YOU ARE.


NONSENSE. Have this company anyhow cheated you personaly, your friend, your neighbor? Me personally not. I know that they are in the market 6 years, Ive been trading with them 2 years as well as with others, like forex4you, etoro, nordfx. And I HAVE BEEN THEIR COSTUMER! And I can tell you - there is no big difference between them! They are the same! Dude, where does forex company need to be registered to call them not steelers? How can forex company steel money at all?! If you lost some money - thats completely other thing! Thats why it is forex. It is like a casino! You can win and you can loose. But if you loose money in casino you cant tell that they stole it from you. And if you lost money in the forex its because you didnt guessed the predictions of almost unpredictable market. So before accusing any of forex company in steeling money from you or from anything else, you should really know what forex is before and then write this bullstuff over here..
Just one more last thing - each argument you said showed to be wrong. So whats your busines? Why do you blackmale this particular company? I've sugested this company to many of my traders, hundreds of them, and I never heard such a bullying towards it. Where's your issue? Real? Personal or imaginerry bullying just from boredness? Because everything you wrote here you can say it about any forex company and everything from this all doesnt make any sense for a trader to choose a right forex company to trade with.
 
Chinese proverb say:"Any stupid guy can ask more questions than clever guy able to answer".
Why you DO NOT ANSWER MY DIRECT QUESTIONS only substitute ANSWERS with ADDITIONAL QUESTION ???
Only because YOU HAVE NOTHING TO SAY. It's true.

My comments inserted inside your answer with +++

Good that you tried. I can assure you I did not felt bothered even to read it.. :) there is a saying: dogs bark but the caravan moves forward. Have a good day sir and wish you luck to find some better forex company! :) or.. Just dont do forex at all if everyone is steeling everything from you. I! Trully saying - didnt read what you wrote, only first words of your first sentence something about chinese proverb and ++ - made me full impression of the continued nonsense you wrote before.. :) just not feeling anyhow touched by lies and stupidnes you are writing here.. 0 interest and 0 feelings. But by the size of your post I see you tried a lot to continue your campaign of nonsense.. :)
 
As far as I remember, Forex trading is not allowed in India or at least not allowed for business.

May be they have made some changes in their policies. So be careful if you want to trade with them.
 
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