Belize
The Company. Security of Funds
In operation since 2006 Weltrade (formerly, SystemForex) is an offshore broker that offers the trading of currency pairs and different CFDs and precious metals via the renowned MetaTrader 4. The broker currently provides its services to customers in 18 countries and has locations within Russia, Ukraine, Belarus and Thailand.
Systemgates Capital Ltd., which is the owner of the brand name Weltrade can be registered with St. Vincent and the Grenadines however, it doesn’t have any licenses and doesn’t need to meet any regulations regarding the minimum amount of capital, or separation of clients money, for instance.
If you are planning to invest a substantial quantity of funds, we’d recommend you choose a broker for forex that is that is licensed by the UK, Cyprus, US for example which have strict regulations and compensation plans are in place which protect your funds in the event that the broker fails to pay its bills.
Trading Conditions
Minimum Initial Deposit
The minimum amount required to establish an account at Weltrade is $25. It is which is a small amount at first that is reasonable given the wide-ranging regulations. As a contrast, ForexBrokerInc, previously located in Belize is a company that requires 100 dollars from customers for its initial account and LiteForex is just $10.
Average Spreads & Commissions
The broker has fixed and variable spreads and all types of accounts with the exception of the ZuluTrade one are fee-free. Fixed spreads are 2 pips for EUR/USD, which is the average. floating spreads are tense, and starting at 0.5 pip on EUR/USD. A fixed spread is thought of as to be average in the forex market. As a contrast, ForexBrokerInc provides spreads that average 0,7 pip on EUR/USD and 1 pip of commission.
You can find live spreads from 15 top brokerages here.
Maximum Leverage
The leverage rates for Weltrade are extremely high and can reach 1:1000. By contrast, ForexBrokerInc offers leverage up to 1:500. You can search here for additional forex brokers with leverage that is equal or greater than 1:500..
However, many countries have limits on leverage that are significantly smaller, such as 1:50 in the USA as well as 1:25 for Japan. The reason is that dealing on margin is a possibility of massive losses over and above the initial investment, and this is the reason why traders must be cautious when dealing with high leverage levels.
Trading Platforms
Weltrade provides each of MetaQuotes’ platforms, MetaTrader 4, and MetaTrader 5.
MetaTrader 4. (MT4) is still the most popular choice for experienced traders. The platform has everything traders need with a range available technical indicators built into the program advanced charting software as well as a broad range of Expert Advisors (EAs) and an extensive EA back-testing capabilities. Traders can download pre-designed strategies or develop their own strategies for trading and then let the program complete the job. VPS services is available to allow customers to trade 24 hours all day, every day of the week, even when their computers aren’t working.
MetaTrader 5 also offers innovative capabilities: Multicurrency Strategy Tester “market depth” function, built-in MQL5 storewith integrated store, fresh kinds of pending orders and also a faster execution speed.
Customers of WelTrade who want to use auto trading, but prefer ZuluTrade are able to check out the trading signals of Metatrader – another option to replicate the trading signals of successful traders.
Furthermore This broker also offers MetaTrader 4 MultiTerminal which is useful for those managing the accounts of investors and traders who manage multiple accounts at the same time.
Bonuses & Promotions
As of the date of this review’s creation at the time of writing, this broker has these promotions
100percent Welcome Bonus upon first deposit of over 200 USD/EUR.
The iPhone 6S is free iPhone 6S for clients with minimum deposits of $5000 and 450 lot of trading volume.
Methods of Payment
Customers of Weltrade are provided with a variety of payment options such as credit and debit card (Visa, MasterCard), bank wire transfer, as well as the following electronic wallets: Skrill, Neteller, QIWI, Yandex, CashU, FasaPay, Perfect Money Den’gi OKPAY easyPay liqpay.com, QIWI, monetaRU.
All options for deposit are provided absolutely free with this broker.
Conclusion
Weltrade has no regulation and is an illegal offshore broker that substantially reduces its credibility. To summarize the information above details, here are the benefits and disadvantages of this broker:
| Weltrade Summary | |
|---|---|
| Weltrade Details | Information |
| Regulators | IFSC |
| Country |  Seychelles |
| Base Currencies | USD |
| Type Of Brokers | ECN, STP |
| Trading Platform | Desktop, Mobile, MT4, MT5 |
| Established Year | 2006 |
| Website Language | English, Deutsch, Italian, Türkçe |
| US Clients | |
| Weltrade Spreads | |
|---|---|
| Option | Information |
| Minimum Spreads | 2.0 |
| Commission | |
| Fixed Spreads | |
| Weltrade Payment & Withdrawal Option | |
|---|---|
| Option | Information |
| Acc Funding Methods |  Skrill,  Wire transfer,  WebMoney,  Visa Card,  Master Card |
| Acc Withdrawal Methods | Skrill, Wire transfer, WebMoney, Visa Card, Master Card |
| Weltrade Suitable For | |
|---|---|
| Option | Information |
| Publicly Traded | |
| Beginners | |
| Day Trading | |
| Weekly Trading | |
| Professionals | |
| Swing Trading | |
| Weltrade Trading Account Options | |
|---|---|
| Option | Information |
| Maximum Leverage | 1:500 |
| Mini Account | |
| VIP Accounts | |
| Segregated Accounts | |
| Free Demo Accounts | |
| Managed Accounts | |
| Pro Account | |
| Minimum Deposit | $25 |
| Islamic Account | |
| Weltrade Trading Services | |
|---|---|
| Option | Information |
| Hedging | |
| News Trading | |
| Scalping | |
| Automated Trading | |
| Indices | |
| Commodities | |
| Forex instruments | |
| CFDs | |
| ETFs | |
| Stocks | |
| Bonds | |
| Cryptocurrencey | |
| Trading Signals | |
| Educational Service | |
| Copy Tradings | |
| Weltrade Contact & Support | |
|---|---|
| Option | Information |
| Telephone No | +442034116458 |
| info@weltrade.com | |
| 24 Hours Support | |
| Support During Weekends | |
| Address | Seychelles, Salamat House, Block "B", Suite 748, La Poudriere Lane, Victoria, Mahe |
