Weltrade Review: Weltrade is known for forex and commodity trading on several live accounts, including their ZuluTrade and ECN option.
Weltrade Details
Weltrade is running since 2006 with branches which are situated in over 15 countries all around the world with their specialized services and trading. The broker follows an STP model, offering generous boosting on 5 account types, as well as a VPS service, trading signals, and bonuses.
They are performing tremendous analytics and real-time revenue performance over the market cap of various companies and provide the best-quality results with benefits over the outcome.
Trading Platforms Review
It has three types of platforms available
- MT4(Meta trader 4) : Impressive, fast, and user convenient
- MT5: For professional and technical analysis
- Meta Trader WebTrader: same reliability as speed as the desktop windows
Spreads & Commissions
You can grab the best commission over the spreads and making various beneficial reductions like 0.5 pipes on points with EUR and many other currencies. now crypto forex is also available in the market. Trading is useful because of commission-free at Weltrade unless you choose the ZuluTrade account, which charges 1.5 points per contract.
Leverage
Leverage on the Weltrade account you choose, maximum leverage of 1:1000 is possible.Traders should not only understand the risks when trading with high leverage but also be aware of the future consequences.
Payment Methods
To economical accounts, Weltrade offers plethora of instant funding options, including bank transfer, card payments, and e-wallets such as Skrill and Neteller. You can also add by cryptocurrencies. All methods are fee-free, except cryptos and bank transfer, which may incur a network or bank tariff. The minimum deposit for this is just $25, making the broker a viable option for many beginners.
Withdrawals are easily processed within 30 minutes, 7 days a week, but clearing times will depend on the bank or payment processor. Withdrawal fees range from 0.5% to 2%, but some methods are too free, including Indonesian local banks and Wallet One.
Deposits and withdrawals which can be made from within the client cabinet.
Demo Account
Users should open a training account loaded with $100,000 in virtual cash, to make real-time transactions and refine a strategy. Demo accounts availed Weltrade don’t close and there’s no monetary risk involved, so users can have peace of mind when browsing the platforms. The broker also usually runs demo account contests, such as the Hot 100 and Hot 200, with prizes up for grabs.
Bonuses & Promos
A trader can choose between buying and selling of currencies. They can also trade in numerous currencies simultaneously. A trader can open an account with Weltrade through its online trading account or via telephone. There is a one-time trading fee and no minimum balance required.
Regulation
Weltrade which is known as a trading name of System Gates Ltd, is registered in Saint Vincent and the Grenadines, a popular offshore broker location. The company claims to be licensed but, however limited information is provided around licensing conditions, which may raise scam concerns.
Weltrade Accounts
You can create various accounts on Weltrade like some of them is listed below with its minimum values and specification regarding how we can trade at how much amount of price we can consider and
- Micro (cent account) – $25 minimum deposit, floating spreads from 1.9 pips, designed for training purposes, leverage up to 1:1000
- Premium – $200 minimum deposit, floating spreads from 1.9 pips, 3.5% interest rate, leverage up to 1:1000
- Pro – $500 minimum deposit, floating ECN spreads from 0.5 pips, 5% interest rate, fastest execution, leverage up to 1:1000
- ZuluTrade – $200 minimum deposit, floating spreads from 2.9 pips, 1.5 points commission, leverage up to 1:500, MT4 only
- Digital – $50 minimum deposit, cryptocurrency trading only, leverage up to 1:20
Benefits
- Range of bonuses and promotions
- Commission-free trading
- Cryptocurrency account
- Good funding options
- ZuluTrade signals
Drawbacks
Weltrade could improve in the following areas:
- Indices and shares not offered
- Limited educational content
Conclusion
Hereby we can say that Weltrade provides an online Trading platform with all kinds of legal regulations included so you don’t need to bother about the security-related crisis or issues. And there is no chance of any scams or frauds related to funds.
