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Weltrade group includes 2 related companies.
Weltrade LC - located in Saint Lucia, regulated by the Financial Services Regulatory Authority (FSRA).
Weltrade MH - located in the Marshall Islands, but not regulated by any government agency.
Weltrade group accepts clients from all over the world, excluding USA, Canada, European Union, Russia, Belarus, India and some other countries that are subject to Financial Action Task Force (FATF) or United Nations (UN) sanctions.
Forex broker offers the following underlying assets for trading.
| 30+ Currency Pairs | Based on major and minor world currencies. |
| 14 Indice CFDs | Based on baskets of different blue-chip stocks. |
| 4 Metal CFDs | Based on Gold, Silver, Platinum, Palladium. |
| 2 Energy CFDs | Based on Crude Oil (WTI, Brent). |
| 40+ Stock CFDs | Based on shares of top-rated US companies. |
The broker also offers specific synthetic indices (SyntX) – mathematically and algorithmically generated indices simulating real-world market behavior.
Weltrade is a long-standing forex and CFD broker that has been active since 2006. The broker offers an expansive selection of markets, trading platforms, and account types aimed at traders of all experience levels. The broker is also known for offering exceptionally high trading leverage, with up to 1:10,000 in leverage available for some clients on selected instruments.
In terms of its corporate structure and regulatory situation, Weltrade today operates as an entirely offshore forex broker with entities registered in Saint Lucia and the Marshall Islands. In Saint Lucia, the broker's activities comply with regulations from the Financial Services Regulatory Authority (FSRA). In the Marshall Islands, on the other hand, the broker is not regulated by any government agencies, which is in line with standard practice in that nation.
It's worth noting that Weltrade states on its website that it does not accept clients from the European Union (EU) and a number of other countries. However, it is unclear if the EU ban is really enforced in practice, or if it is simply a compliance statement by the broker.
Weltrade offers trading in a broad selection of markets, including currencies, indices, precious metals, oil, natural gas, and stocks. Among these, the stock offering is particularly strong, with more than 40 of the most popular US-listed stocks to choose from. Other asset classes such as crypto or bonds are unfortunately not available from this broker.
Weltrade's platform support includes MetaTrader 4 (MT4) and MetaTrader 5 (MT5), both of which are industry standards. These platforms offer robust charting, support for automated trading through so-called Expert Advisors (EAs), and extensive customization. MT4 is widely used by retail forex traders globally, but its successor MT5 has also gained significant popularity in recent years. As usual, these platforms can be used as a standard downloadable platform for Windows and Mac computers, or as a web platform for use on any kind of computer with a web browser and internet connection.
Like nearly all forex brokers, Weltrade offers different types of trading accounts to ensure each client can get the one that is most suited for their needs:
– Micro Account, with a minimum deposit of $1, spreads from 1.5 pips, and max leverage of 1:1000
– Pro Account, with a minimum deposit of $10, spreads from 0.5 pips, and max leverage of 1:1000
– SyntX Account, with a minimum deposit of $1, spreads from 0 pips and max leverage of 1:10,000
None of the account types charge commissions fees for trading, which means that all of the broker's money is made from spreads and potentially other fees. It's also worth noting that all of the account types give access to the brokers full range of trading instruments and platforms.
Funding and withdrawals with Weltrade cover a mix of traditional and more modern options. Clients can deposit and withdraw funds via Visa or MasterCard, and e-wallet options like Skrill, Neteller and FasaPay. Withdrawal times and fees vary depending on the chosen method, with the broker only promising on its website that withdrawals will be processed “in a timely manner.”
Overall, Weltrade presents a broad and flexible trading offering marked by a long track record in the brokerage industry. The spreads and other user fees are fairly low compared to most other brokers, which could make this an interesting candidate to consider for many traders. We like that the broker supports both the MT4 and MT5 platforms, which are already familiar for many traders, but we wonder why more funding options, including crypto funding and bank transfer, are not available.
