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Weltrade

Rating: 3.5 / 5
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Weltrade, founded in 2006, caters to 600K+ traders from 180 countries and features 30-minute withdrawals. It offers the core MT4/MT5 trading platforms, fully supports algorithmic and copy trading, maintains a high-paying partnership program, and generous bonuses and incentives. The low trading fees at Weltrade prompted my comprehensive review to determine whether traders get a competitive trading environment. Should you open and fund a trading account at Weltrade?

Weltrade Website Screenshot

Broker Details

Headquarters
Saint Vincent and the Grenadines
Established
2006
Min Deposit
$1
Execution
Market Maker
Regulators
FSCA

Trading Conditions

Retail Loss Rate
Undisclosed
Min Raw Spreads
Not applicable
Min Standard Spreads
0.5 pips
Min Forex Commission
Commission-free
Trading Hours
CryptocurrenciesMonday 00:00 - Sunday 24:00
ForexMonday 00:00 - Friday 23:59
CommoditiesMonday 01:00 - Friday 23:59
European EquitiesNot applicable - Not applicable
US EquitiesMonday 16:31 - Friday 22:57

Accounts & Funding

Funding Methods
7
Deposit Fees
No
Withdrawal Fee
Yes

Platform & Features

Trading Platforms
Other, MetaTrader 4, MetaTrader 5, Proprietary platform, Web-based
Regulators Detailed
Financial Sector Conduct Authority
Country: South Africa
License: 50691
Financial Services Authority
Country: St. Vincent and the Grenadines
License: Unregulated but duly registered
Global Financial Services Authority
Country: Marshall Islands
License: Unregulated but duly registered

Pros

  • Fast withdrawal processing times of 30 minutes and cryptocurrency support
  • Generous bonuses and incentives rewarding active traders
  • Low minimum deposits, high leverage, and a Micro account for beginners
  • Low trading costs in a commission-free pricing environment

Cons

  • Limited asset selection

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