Opinions and information about the forex broker Weltrade
¿It's Weltrade a reliable broker? In this section we will talk about this broker, and we invite anyone who has experience with it, to leave a comment with their experience.
Weltrade (owned by Systemgates Capital Ltd.) is a broker with headquarters in Belize, and with offices in other cities such as Russia, Ukraine, Belarus and Thailand. Quite peculiar places for a broker that allows the Latin and Spanish market to operate, if you ask us. The broker offers its services since 2006.
The broker is regulated by IFSC (Belize regulator).
We will start by taking a look at the types of account that this broker offers us. In principle Weltrade offers us 5 types of account to operate. The first type is the Micro account, some characteristics of this type of account are $ 25 minimum initial deposit, 1.9 fixed margin, minimum order volume of 0.10 lots, and maximum of 1000, leverage of 1:33 - 1: 1000 . It is followed by the type of Premium account, with a minimum initial deposit of $ 200, margin, like the Micro account, set at 1.9, a minimum order volume of 0.01 lots, and a maximum of 100 and leverage of 1:33 - 1: 1000. This account is followed by the Pro account, with a minimum initial deposit of $ 1000, in this case, a fixed margin of 0.9, a minimum order volume of 0.01 lots, and a maximum of 100 and leverage of 1: 1 - 1: 1000. The next type of account is the ZuluTrade account, with a minimum initial deposit of $ 500, a fixed margin of 2.9, a minimum order volume of 0.01 lots, and a maximum of 100 and leverage of 1:33 - 1: 500. It is followed by the last type of account that Weltrade offers us, the PAMM account, with a minimum initial deposit of $ 200, in this case, a fixed margin of 1.9, a minimum order volume of 0.01 lots, and a maximum of 100 and a leverage of 1 : 33-1: 1000. It should be noted that none of the accounts has a commission, except for the ZuluTrade account with 1.5 points.
Now we will take a look at the resources and tools for traders that Weltrade offers on its website. They have the traditional economic calendar, trader's calculator. They also have other tools (such as financial analysis, educational videos and signals), but they are for traders who already have an account with them.
Weltrade broker features
Additional information about the company
Phone number: + 44-20-34116458 (Belize), +57 1 3810679 (Colombia)
Clarification: Note that Weltrade works in different countries, so the information provided may not apply to your country.
* Bonuses or promotions: 1) 100% bonus for recharges of more than 200 EUR / USD (in the trading account) 2) Double profit on fund recharges + without any commission 3) Forex contest with a prize of $ 5000
With the information we have so far, the comments and reviews of users and traders, not this opinion is not very clear yet, we suggest caution. Why? We have found ambiguous comments about the broker, both positive and negative, and it is an unregulated broker.
December 2019 update: the Spanish financial regulator CNMV has issued a warning against Weltrade.
December 2020 update: CONSOB, Italy's financial regulator, has reported Weltrade for fraudulent activities.
Do you know this broker? Do you think our opinion is not correct? Have you operated with him? Leave a comment with your experience.
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