Weltrade is a Kingstown, Saint Vincent and the Grenadines headquartered stock trading company. Since its inception in 2006, the company has strived to give its clients the best trading environment. Formerly known as SystemForex, Weltrade passed various stages of formation before assuming its current name.
Among the areas the company majors in when it comes to client experience, offering 24/7 trading and stocking a variety of trading instruments such as cryptocurrency units are some of them. At the moment, it’s on its path to becoming one of the leading trading firms, with a vast client base drawn from all corners of the world.
Is Weltrade A Trustable Broker?
When selecting a broker, you need to look at how trustworthy the broker is. Here, you look at the brokerage company’s licenses, as well as its reputation among traders. Weltrade is a legitimate broker and has the valid licenses in the territories where it has set up shop.
Regulations And Trustworthiness Of Weltrade
Presently, Weltrade only has a license from Belize. It is from the International Financial Services Commission, which is the official financial regulatory body in Belize. Though it is present in other countries such as Malaysia, Laos, Kazakhstan, Russia, and Belarus, it still does not have the licenses from these territories yet.
In keeping up with terms of the regulation, Weltrade has implemented some measures for the safety of clients’ funds and personal information. They include having a secure online trading platform with proper encryption. This prevents breaches such as hacking.
It also has segregated bank accounts to separate its funds from clients’ funds.
Registration And Promo Codes
To trade on Weltrade’s platform, you need to have an account. The registration process is straightforward. You start by clicking on the ‘registration’ icon on the top right part of the homepage. The action redirects you to another page where you fill an online form with your name, email, and phone number.
Once you confirm the details you entered and click on the submit key. You will receive a code on your email address. Key in the code to activate your account and you are ready to go.
Pros / Cons
- Available everywhere (except USA and Canda)
- Demo account available
- Amazing 100% deposit bonus
- Partner Code available
- 24/7 customer service
- Offshore broker firm
- Limited account base currencies
Weltrade has five account types which you pick depending on your experience or preference. There is the Micro account, which is suitable for beginner traders. The minimum deposit amount for this account type is $25, and it accepts the USD and euro as its base currencies.
There is the premium account for the more experienced traders. It is an excellent account for intermediate-level traders, and it requires a minimum deposit of $200. It also accepts the USD and the Euro as base currencies. The pro account is for professional traders who want a large trading volume. The minimum deposit is $500.
The ZuluTrade account is another account type on Weltrade’s platform, with an average of 0.7 seconds in execution speed. This account type requires a minimum deposit of $200. Finally, there is the crypto account if you want to trade on cryptocurrency units. Its minimum required deposit is 50 USD. The pro, the ZuluTrade and Crypto accounts only accept the United States dollar as the base currency.
Available Promotions at Weltrade
Weltrade runs the following promotions as reward schemes to its loyal clientele.
- Spinner Promotion, where you fund your account and get some spins. When you spin the wheel, you land a variety of bonuses.
- Trade2win promotion, where you stand a chance in winning weekly cash prices if you complete two lots of trade turnover during the week.
- Weltrade’s Astrocards promotion where you get a round upon funding your account with $50. For each Astrocards round, you stand a chance of winning up to $1000 in bonuses.
- iPhone 11 Pro Max promo where you stand a chance of winning the iPhone 11 Pro Max. Among the conditions to meet include signing up for an account, funding a total of $5000, and completing a trading volume of 250 lots.
- Weltrade also has the 100% bonus scheme. Upon depositing $200, you get a 100% credit bonus.
- Zero commission deposit, where you incur no charges when funding your account.
- For a touch of fun, while you look forward to rewards, Weltrade has the Cash Puzzle. Here you play a puzzle and complete 3 or 5 tasks and stand a chance of winning cash prizes.
The following are some the notable features that you will come across on Weltrade’s online trading platform
On Weltrade’s website, there is the auto-trading feature. It has a variety of tools that allow you to execute your trades automatically. They are effective tools for remote trading and will significantly boost your investment.
Below are some of the auto-trading tools that you will find on this online platform.
The MQL5 signals allow you to open or close trading positions automatically. Once your account is up and running, you download the MetaTrader 4 platform on your personal computer. You then activate the trading signals from your account.
Trading robots are the software that you use to open and close trading positions automatically. There are several trading robots that you may pick, depending on your preferred strategy.
ZuluTrade signals introduce you to Weltrade’s copy trading concept. Here, you can receive trading signals from professional traders worldwide and replicate them to your trading approach.
VPS- Virtual Hosting
The VPS feature allows you to replicate your trading platform. As such, you can trade automatically round the clock as you receive signals from top traders.
The Trading Calculator
The trading calculator is an excellent tool that you use for calculating the value of a pip. It takes into consideration the account type, tool, lot, and leverage to bring you your results. It also shows the volume of swaps and even margin limits for the many trading instruments.
The demo account is an excellent trading tool, more so when it comes to beginner traders. Demo account allows you to practice trading in a simulated environment where you cannot lose your funds.
The Economic Calendar
The economic calendar is a useful tool when it comes to trading analysis. It is particularly useful for fundamental analysis, as it lets you learn about forthcoming events that could impact prices.
Forex Trader Seminars
If you want to improve your trading skills, you can join in on Weltrade’s trader seminars. Here, you get to interact with experienced traders who take on the role of trainer at the workshops.
Weltrde On Mobile
Weltrade also has a mobile platform that we will look at later on in this article.
This online broker has some of the best trading platforms that enhance your trading experience.. Below are some of the trading platforms Weltrade has at your disposal.
The Web Platform
The platform is accessible on your browser and works with various browsers and operating systems. It is a simple platform whose main requirement is reliable internet access. You can select either the MetaTrader 4 or Meta trader 5 versions of the web trader.
The Windows Trader
The Windows trader platform is compatible with the Windows Operating system, and it is a downloadable program. You can pick either the MetaTrader 4 or 5 versions and benefit from features such as inbuilt indicators and other trading tools.
The Mobile Trader Platform
The mobile trader platform is one of the most convenient and allows you to trade anytime, anywhere, so long as you have your handset. It comes in either MetaTrader 4 or 5 versions. To use this platform, you need to download it from the respective app download platforms for both Android and IOS operating systems.
Weltrade has been a standard in the trading sector for almost ten years and continues to grow. Presently, it is available in 18 countries with nine regional offices. It has a presence in 5 continents as it continues to boost its client base.
Its online platform is one of the best, majoring on the versatility and convenience factors. This is evidenced by the various trading instruments and trading tools that guarantee you a fulfilling trading endeavor.
It has several awards to its name that show how the broker has a friendly reception in the financial sector. A notable award is the Best Foreign Broker at the 2019 Asia Forex Expo.
Frequently Asked Questions
How Many Account Types Does Weltrade Have?
Weltrade has five account types to pick from. These are the Micro, Premium, Pro, ZuluTrade, and Crypto accounts.
What Is The Minimum Initial Deposit Of Weltrade?
To begin trading, you need to fund your account with $200.
Is There A Demo Account On Weltrade’s Platform?
Yes, this broker has the demo account, which is a great training tool for beginner traders.
Weltrade is among the fastest growing online brokers, having an impressive client base. It has an excellent trading platform that is easy to sign up and is convenient for making your investments.
The visible downside of this broker is the lack of authorization in some of the territories it has a presence in. If it works out this issue, it can easily rank among the best brokers.