WelTrade.com Review
1.452 •
12 REVIEWS
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 |
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Maximum Leverage: | 1000:1 |
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Minimum to Open Live: | $25 |
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Established: | 2006 |
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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 |
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Web Trading: | β Yes |
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Mobile Trading: | β Yes |
ECN: | β Yes |
Currencies: | (35+) |
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Cryptocurrencies: | (15+) Bitcoin, Litecoin, Ethereum |
CFD: | (5+) Gold, Silver, Other Precious Metals, Oil, Other Commodities |
Trading Conditions |
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EAs/Robots: | β Yes |
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News Trading: | β Yes |
Scalping: | β Yes |
ZuluTrade: | β Yes |
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Deposit Methods: | VISA, MasterCard, Bitcoin, Ether/Ethereum, FasaPay, Litecoin, Local Bank Transfers, Neteller, Other Crypto Currencies, PerfectMoney, Qiwi, Skrill, WalletOne, WebMoney |
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Withdrawal Methods: | VISA, MasterCard, Bitcoin, Ether/Ethereum, FasaPay, Litecoin, Local Bank Transfers, Neteller, Other Crypto Currencies, PerfectMoney, Qiwi, Skrill, WalletOne, WebMoney |
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1.452 •
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 .
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.
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
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
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
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
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.
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.
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.
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