Weltrade is an online broker with direct communication as its top priority. It has many years of experience in the foreign exchange market and is currently not subject to any effective supervision.
The primary condition for judging whether a foreign exchange trading platform is safe is to see whether it is formally regulated. Weltrade is currently in an unregulated state and is a trading platform full of risks. Investors should avoid this platform.
Weltrade provides traders with popular financial trading tools, mainly including major currency pairs, minor currency pairs, gold, silver, and commodities.
Account & Leverage
The Weltrade platform provides five different types of trading accounts, namely Micro Account (minimum deposit of $25), Advanced Account (minimum deposit of $200), Professional Account (minimum deposit of $500), Zulu Trade/Zulu Trading Account (minimum deposit of $200) and digital accounts (minimum deposit of $50). The trading leverage is 1:33-1:1000 for Micro and Premium accounts, 1:1-1:1000 for Professional accounts, 1:33-1:500 for Zulu Trade/Zulu Trading accounts, and 1:500 for digital accounts The minimum leverage is 1:3-1:20.
Spread & Fees
Spreads start from 1.9 pips for Micro and Premium accounts, 0.5 pips for Pro accounts, 2.9 pips for Zulu Trade/Zulu Trading accounts and 0 pips for digital accounts. Zulu Trade/Zulu trading accounts need to pay 1.5 pips as a commission, other accounts do not charge trading commissions.
Weltrade provides traders with the market-leading MT4, MT4 desktop version, MT4 web terminal, MT4iOS version, MT4 Android version, MT5 desktop version, MT5iOS version, MT5 Android version to meet the extensive needs of users.
Weltrade supports a variety of deposit and withdrawal methods, including VISA/MASTERCARD, Skrill, NETELLER, DIGITAL, WebMoney, Perfect Money, FasaPay, Wallet One, and there is no handling fee for deposit. Traders need to pay 1.2% + 3 USD/2.7 EUR or 1.9% (min. 50 rubles) for withdrawals via VISA/MASTERCARD, 1% for withdrawals via Skrill, and 1% for withdrawals via NETELLER 2% handling fee, 0.8% handling fee for withdrawals through WebMoney, 0.5% handling fee for withdrawals through Perfect Money, 1% handling fee for withdrawals through QIWI, and 1% handling fee for withdrawals through FasaPay For gold, a 0.5% handling fee is required.