Weltrade Review 2022
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| Weltrade is an established online broker providing tight spreads & powerful tools. | ||
Weltrade is a multiple award-winning broker that provides access to Forex, CFDs, commodities, cryptocurrencies. Traders that like the MetaTrader platforms can choose between both the MetaTrader4 and MetaTrader5 platforms at Weltrade.
In terms of features offered to traders, Weltrade has Demo Accounts, Social Trading, Signals and Auto Trading but is missing Islamic Accounts.
Cryptocurrency traders have a very decent number of coins to trade at Weltrade, 10 in fact: BCH, BTC, DSH, EOS, ETH, LTC, NEO, XMR, XRP and ZEC.
Please note that Weltrade is an unregulated broker. With no regulatory oversight a broker can offer higher leverage and other features that regulated brokers can not, but it also means that traders need to be more careful. Don't deposit large sums before you feel confident that the operator is trustworthy.
Weltrade Summary
Weltrade is an established online broker providing tight spreads & powerful tools.
Ratings
| Bonus | None |
|---|---|
| Instruments | Forex, CFDs, commodities, cryptocurrencies |
| Demo Account | ✓ |
| Min. Deposit | $25 |
| Min. Trade | 0.01 lots |
| Regulated By | |
| MetaTrader 4 | ✓ |
| MetaTrader 5 | ✓ |
| cTrader | ✗ |
| DMA Account | ✗ |
| ECN Account | ✗ |
| Mobile Apps | ✓ |
| Auto Trading | ✓ |
| Trade Signals | ✓ |
| Social Trading | ✓ |
| Copy Trading | ✗ |
| Islamic Account | ✗ |
CFD Trading
Diversify your trading portfolio with CFDs.
| Leverage | 1:1000 |
|---|---|
| FTSE Spread | N/A |
| GBPUSD Spread | 2.1 |
| Oil Spread | 7 |
| Stocks Spread | N/A |
Forex Trading
Weltrade provides leveraged trading in the highly-liquid FX market.
| GBPUSD Spread | 2.1 |
|---|---|
| EURUSD Spread | 1.5 |
| EURGBP Spread | 2.4 |
| Assets | 37 |
Cryptocurrency Trading
Trade crypto-only pairs and crypto coins against fiat currencies.
| Spread | Floating from zero |
|---|---|
| Coins | BCH, BTC, DSH, EOS, ETH, LTC, NEO, XMR, XRP, ZEC |
Payment Methods
Weltrade accepts the following payment methods:
- Neteller
- Skrill
- Visa
- Perfect Money
- EasyPay
- Cashu
Awards
Weltrade is a multiple award-winning broker, with 4 awards received so far.
- Best Foreign Broker 2019 - Asia Forex Expo
- Best Customer Service 2017 - Forex Choice
- Best Trade Executions 2015 - China FX Expo
- Best Customer Service Russia 2014 - Global Financial Market Review
FAQ
Is Weltrade Safe?
Yes, most likely, as we gave Weltrade a trust score of 40% in this review. The main negative factor in this score is that Weltrade is not FCA regulated. However, very careful traders might want to find an alternative in our top list of UK brokers.
Does Weltrade Accept PayPal?
No, Weltrade does not accept PayPal payments.
Is Weltrade Halal?
Probably not, as Weltrade does not offer an Islamic trading account as far as we know. For alternatives, please see the list of halal brokers.
What trading platforms does Weltrade support?
With Weltrade you can trade on 2 different platforms: MetaTrader 4 and MetaTrader 5.
Is Weltrade Regulated?
No, unfortunately Weltrade is unregulated as far as we know. Prudent traders will want to check out the list of FCA regulated brokers for alternatives.
Weltrade vs Other Brokers
If you want to compare Weltrade with other brokers, use the detailed comparisons below.
Weltrade vs |
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| Weltrade is an established online broker providing tight spreads & powerful tools. | ||