Weltrade Review: Is It Safe or a Risky Investment Choice?
Are you looking for a mind-blowing trading partner? Is Weltrade a broker you can trust? To help you learn more, this comprehensive Weltrade review is made just for you.
In this article, we dive into the world of Weltrade, an offshore broker that offers both MT4 and MT5 trading platforms. Join us as we reveal the details about Weltrade’s legitimacy, account types, bonuses, and much more that you need to be aware of. Stay tuned!
|Weltrade, owned by Systemgates Capital Ltd
|Regulated by FSCA
|Warnings from Financial Regulators:
|No official warnings
|SVG, Suite 305, Griffith Corporate Centre, PO BOX 1510, Beachmont, Kingstown
|MT4 & MT5
|The majority of clients are from
|Email, phone, chat, and contact form – 24/7
Weltrade Regulation and Security
So, is Weltrade legit or not? Weltrade, previously known as SystemForex, has been in operation since 2006 as an offshore broker. The company is owned by Systemgates Capital Ltd., registered in St. Vincent and the Grenadines. Yet, it’s wise to note that they hold only one license – Weltrade SA (PTY) LTD, authorized by FSCA (South Africa) with FSP no 50691.
For those who seek bigger investments, we recommend opting for brokers regulated in stricter jurisdictions such as the UK, Cyprus, or the US. These regions provide frameworks and payment schemes that protect your funds in case of broker insolvency.
Tier 1 regulated brokers stick to rigid requirements. Note that they guarantee client fund protection, transparent reporting, negative balance protection, and more. Trading with such brokers offers a higher level of security for your investments.
Weltrade Markets: Trading Assets
We’ve gathered information about Weltrade’s offered assets. This broker provides mixed trading instruments, including:
- Forex pairs
- Precious metals like Gold and Silver
- Index CFDs
Trading Platforms: Weltrade MT4 and MT5
Is there a Weltrade MT4 platform support? What about the Weltrade MT5? The Weltrade broker offers the MetaTrader 4 and MetaTrader 5 platforms. As we all know, these platforms are widely favored in the FX market today.
We know that they have advanced charting tools, numerous indicators, back-testing, and the option to use Expert Advisors (EAs). So, this might be a solid offering after all.
Remember: Stay safe with your money by not using unregulated brokers like IMMFX.
Trading Environment at Weltrade
Weltrade Forex broker has a low minimum initial deposit requirement of just $1. This aligns with their more relaxed regulatory status. The broker offers both fixed and variable spreads, with floating spreads starting from 0.5 pips on the same currency pair.
Leverage ratios offered by Weltrade can go as high as 1:1000. Still, we must say this is significantly higher than some stricter jurisdictions like the USA (1:50) and Japan (1:25). High leverage, while potentially profitable, also poses higher risks and should be used cautiously. Remember that!
Weltrade Account Types
Weltrade offers various account types for traders. They are:
- Micro Account: Minimum deposit of $1, with limited trading options.
- Pro Account: Requires a minimum deposit of $100.
- Premium Account: Minimum deposit of $25.
Keep in mind that trading conditions may differ depending on the payment system terms.
Weltrade No Deposit Bonus & More
So, is there a Weltrade no-deposit bonus? Not really. But there are many other solid benefits. Weltrade offers various bonuses, including the following:
- Welbox Quests
- No-Commission Deposit,
- World Partner Contest – The most active WELTRADE partners become lucky prize owners,
- ASTROCARDS – For every deposit of $100 or more into your trading account, you’ll receive free ASTROCARDS rounds.,
- SPINNER – Get a bonus of up to 3333%, and
- credit bonuses on MT5 accounts.
While bonuses can be nice, it’s crucial to be aware of the terms and conditions that come with them. Sometimes, they are not so pleasant.
Weltrade Withdrawal Policy
Clients of Weltrade can pick from a variety of payment methods. To be more specific, they say that they offer 30+ payment methods.
Namely, some of these include cards, bank transfers, and e-wallets like Skrill, Neteller, QIWI, and more. While this provides flexibility, it’s smart to prioritize Tier 1 regulated brokers with transparent and popular payment options. Some of these options are PayPal, Google Pay, crypto assets, Advcash, and Skrill.
Note: Make sure to avoid unregulated brokers like Finflow X. Keep your finances safe and enjoy your trading experience.
Trader Reviews on Trustpilot
Weltrade has a solid Trustpilot rating of 4.2 stars, which is quite good for an offshore broker. This rating truly means that many traders have had a positive experience with Weltrade.
Yet, if you want to play it extra safe, consider going for brokers with even higher ratings, ideally 4.5 stars or more. These brokers normally have stricter regulations and a strong reputation, offering safer trading.
So, while Weltrade’s 4.2-star rating is a good sign, it’s always wise to weigh your options. Make sure you choose a broker that aligns with your risk tolerance and preferences, after all.
Offshore Brokerage Accounts: Benefits and Considerations
Offshore brokers operate in tax-friendly places. Did you know that? An offshore brokerage account is simply an account opened in a foreign country. These accounts offer benefits like asset protection, international investment options, and possible tax advantages.
Yes, some offshore brokers follow rules from their host country’s regulators and can serve clients from around the world. Yet, it’s crucial to choose a reliable offshore broker because not all of them are regulated equally. You can manage an offshore account either by yourself or with the help of a broker you authorize to handle it for you.
Note: Make sure to protect your funds by avoiding brokers such as LeoTradez. Stay safe while trading.
Can I Make Money From Online Trading?
We offer free consultations to help you make smart decisions and choose a reliable trading partner. Besides, our new AI Analysis Bot streamlines research efforts, allowing you to make quicker and smarter trading choices. Trading can be profitable, but it’s crucial to approach it with the right knowledge and tools.
Weltrade is an offshore broker that offers various account types and platforms. While it may appeal to some traders, it’s nice to weigh the risks associated with offshore brokers and prioritize the security of your assets. Choosing brokers with Tier 1 regulations provides a higher level of safety and transparency. This is a crucial thing to remember.
Is Weltrade Regulated?
Yes. Still, Weltrade is not regulated by Tier 1 authorities, operating as an offshore broker.
What Are The Weltrade Platforms?
Weltrade offers the MetaTrader 4 and MetaTrader 5 trading platforms.
How much is Weltrade’s Withdrawal Fee?
Weltrade's withdrawal fees vary depending on the chosen payment method.