WelTrade.com Review

1.435 • 12 REVIEWS
Updated: Dec 17, 2023
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WelTrade is an online forex broker. Wel Trade offers the MetaTrader 4, MetaTrader 5, and MT Mobile currency trading top platforms. WelTrade.com over 35 forex currency pairs, commodities, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options.
Prior sites of this company include WelTrade.in.  Related sites include WelTrade.cc, WelTrade.market.

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 1000:1
Minimum to Open Live: $25
Established: 2006
Address: Suite 305, Griffith Corporate Centre, PO BOX 1510, Beachmont, Kingstown, Saint Vincent And Grenadines
Contact: info@weltrade.com, +44-20-34116458
Regional offices:
Regulators:
Prohibited countries:
Trading platforms: MT4, MT5
Web Trading: βœ… Yes
Mobile Trading: βœ… Yes
ECN: βœ… Yes

Trading Instruments

Currencies: (35+)
Cryptocurrencies: (15+) Bitcoin, Litecoin, Ethereum
CFD: (5+) Gold, Silver, Other Precious Metals, Oil, Other Commodities

Trading Conditions

EAs/Robots: βœ… Yes
News Trading: βœ… Yes
Scalping: βœ… Yes

Managed Accounts & Social Trading

ZuluTrade: βœ… Yes
Deposit Methods: VISA, MasterCard, Bitcoin, Ether/Ethereum, FasaPay, Litecoin, Local Bank Transfers, Neteller, Other Crypto Currencies, PerfectMoney, Qiwi, Skrill, WalletOne, WebMoney
Withdrawal Methods: VISA, MasterCard, Bitcoin, Ether/Ethereum, FasaPay, Litecoin, Local Bank Transfers, Neteller, Other Crypto Currencies, PerfectMoney, Qiwi, Skrill, WalletOne, WebMoney
* Please check broker website for more information
1.435 • 12 REVIEWS

Recent User Reviews of WelTrade.com

P
psk1988
Bijapur , India,
Oct 20, 2023,
Registered user

Not processing withdrawal

Service use: Live Length of use: 0-3 Months
Weltrade.com ( weltrade.in ) not processing my 1100usd withdrawal
W26122786-191023112649
My Account ID- 912928 fully verified account pending since 1 day actually there standard time for withdrawal is 30min only .
A
Ahmed1119
al mehala, Egypt,
Feb 9, 2021,
Registered user

scam company

Service use: Other Length of use: 0-3 Months
I participated in the trading competition and i won one of the positions, and I found that they excluded me for no reason, and when I found out with technical support, they finished the conversation and sent them a lot of messages, but they never answered me.
J
Joe259134
Jakarta, Indonesia,
Jan 5, 2021,
Registered user

Scam broker

Service use: Live Length of use: 0-3 Months
Not paid profit.not five solution.realy dissapointed with this broker.i hope nobody one use this broker.
1 trader has found this review helpful
D
DianWeltrade
Indonesia, Indonesia,
Jan 5, 2021,
Registered user

Scam

Service use: Live Length of use: 3-6 Months
ATTENTION I DIDNT RECCOMEND THIS BROKER TO ANYONE THIS ONE IS NOT BROKER THIS IS GROUP OF SCAMMER IVE BEEN LOVEMAKING DONE USE WELTRADE IN INDONESIA , they didnt pay my profit after 4 month trade the reason said is complicated but for sure i didnt break any rules here , do not try this lovemaking scammer weltrade
1 trader has found this review helpful
D
Durval
Alagoas, Brazil,
Jul 22, 2020,
Registered user

Good broker

Service use: Live Length of use: 3-6 Months
I have been using Weltrade for a few months now and have been doing well with this broker. I made some deposits and withdrawals in XRP for cryptocurrency exchanges and I had no problems. I think that to get better, it would be interesting to have stocks and indexes. Support responds fast.. It's good for now
W
Wellson
Indonesia, Indonesia,
Apr 23, 2020,
Registered user

Bad Broker Cheating

Service use: Live Length of use: over 1 Year
I don't recommend this broker to anyone. they cheated on my account! scammmm
1 trader has found this review helpful
S
scottbarton
United Kingdom,
Apr 19, 2019,
Registered user

scandal rubbish

The one star is a negative one - 1

Terrible they say they have lowered there spread.....
what they don't tell you is 30-60 mins before session closes they will increase over 5x more than their average (which is already bad btw)
you might think i'm just crying because i lost money...that's not the case

I will give you example :
GBPUSD average spread through day is about 50
as market approach close time this increased to a massive 250 ??
and i'm not talking just a spike either it was around 200 for about 30-60 mins.

they also like to turn their server of 2 mins before market is supposed to close...so if you are insane and do use this broker just make sure you close trades a good 1-2 hours before 2 market closes

If you ask them they will give you the usual "market conditions caused it" nonsense

Put their tick charts next to any other brokers and see for yourself not going to name other brokers but average spread among 4-5 other brokers was about 40 - 60 at the same time theirs was 250 ....Scam scandal rubbish
2 traders have found this review helpful
9
9hobi4
United Kingdom,
Mar 4, 2019,
Registered user

this broker wants you broke

spreads are pretty terrible, some being 4-5 times more than other brokers.

also if you did decide to use them, be very careful of their so called "bonus" schemes,
my account got emptied by one when I closed a trade because the "bonus" does not count towards your actual balance (total joke) its just like changing your leverage without you knowing.
R
risingzombi
Orjansted, Aruba,
Jan 5, 2019,
Registered user

2 Thumbs up for Weltrade so far....

Weltrade is a partner with hitbtc so I open an Crypto account with them. So far I like how their Price Quote feeds. It seems it's a ECN or bots quotes and re quoting which is great for advance market players!
A
armanavatar
Almaty, Kazakhstan,
Sep 14, 2018,
Registered user

Weltrade manipulates the spread

Weltrade manipulates the spread so as accounts could not withstand. In my case it was 1600 percent increase equaling to 2.42 USD spread. Insane

Weltrade (Systemgates Ltd) registered in St Vincent and the Grenadines, have no licence to trade and have stolen USD 56000 from my accounts. Total scam.
2 traders have found this review helpful