Weltrade Review

Alyaziah Hayat | February 10, 2020

Weltrade is an unregulated trading brokerage that is located offshore in St Vincent and the Grenadines. They provide traders across the globe with a limited choice of trading instruments via the popular MetaTrader platforms that are compatible on desktop, web and mobile devices (iOS & Android). The broker does have some flexible account types and a variety of payment options. However, the trading brokers review team did not find them to have the lowest spreads and would only ever trade with a regulated broker.

Broker Pros / Cons
  • Variety of trading account types
  • ZuluTrade social trading platform
  • 24/7 global support
  • Selection of deposit/withdrawal options
  • Offshore brokerage firm
  • Unregulated broker
  • Not the tightest spreads
  • Limited trading instruments
  • No stock trading
  • Limited account base currencies


Weltrade is a brokerage firm that provides a global clientele base with online trading of forex currency pairs, gold, oil and cryptocurrencies. The broker consists of a team of 65 professionals with extensive international experience in finance and Internet technologies, with 9 official representative offices. They claim to serve over 100,000 satisfied traders from 18 countries.

Weltrade Broker Timeline

Weltrade Broker Timeline

Weltrade operate an STP execution model with competitive spreads, minimal requotes and trade execution speeds from 0.5 seconds. There are around 77 trading instruments to choose from with leverage of up to 1:1000 available.

Weltrade Broker Features

Weltrade Broker Features

Weltrade have won some brokerage industry awards including the best foreign broker at the Asia Forex Expo 2019 international exhibition and the best trade executions at the international exhibition Shanghai Forex Expo 2015.

Weltrade Broker Awards

Weltrade Broker Awards


Weltrade is an offshore broker located in Saint Vincent and the Grenadines. They are not regulated by any authority which is a huge red flag for many experts and professionals who would only ever trade with a regulated broker that can give investors some protections should something go wrong. For this reason, you may with to explore alternative options that are regulated from our best trading brokers list.

Weltrade do not provide brokerage services for residents of the USA and Canada.


MetaTrader Platforms

Weltrade MetaTrader Platforms

Weltrade MetaTrader Platforms

Weltrade supply traders with a choice of the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, developed by Russian software company MetaQuotes. The MetaTrader 4/5 terminals deliver a well-equipped trader’s workplace that allows users to trade in the financial markets (Forex, CFD and Futures). They provide the necessary tools and resources to analyse price dynamics of financial instruments, make trade transactions, create and use automated trading programs, and much more.

Some of the key MetaTrader platform features are:

  • Fully customisable user-friendly interface
  • Rich trading functionality with multiple order types
  • Real time bid/ask price quotes displayed in the market watch window
  • Multiple chart types including bars, lines and candlesticks
  • Multiple chart timeframes from 1 minute to 1 month
  • Technical and fundamental market analysis
  • Over 80 built-in technical indicators and analytical tools
  • Copy trading solutions
  • MQL community to share tools and ideas with other traders
  • Automated trading via expert advisors (EAs)
  • Strategy tester to back test EAs over historical data
  • MetaEditor to create your own customised indicators, scripts and EAs
  • For PCs, smartphones, and tablets or online web platform

MetaTrader 4

MT4 is a multi-asset platform that allows trading Cryptocurrencies, Forex, stocks, futures and CFDs. It offers superior tools for comprehensive price analysis, use of algorithmic trading applications (trading robots also known as expert advisors) and copy trading. MetaTrader 4 has impressive analytical capabilities with more than 50 built-in indicators and tools.

Weltrade also provide the MetaTrader 4 MultiTerminal which is mostly helpful for those who manage investor accounts and for traders working with multiple accounts simultaneously.

MetaTrader 5

MetaTrader 5 is a multi-asset platform offering outstanding trading possibilities and technical analysis tools, as well as enabling the use of automated trading systems, robots and copy trading. It is similar to MT4 in many ways but has advanced features and functionalities, including more indicators, timeframes, order types and depth of market level 2 pricing.

Mobile Apps

The MetaTrader 4 and MetaTrader 5 mobile trading applications allow you to enjoy the majority of the functions of the desktop platforms and trade whilst on the go using any mobile device and tablets running on iOS or Android.

Web Trader

The MetaTrader 4/5 web platforms allow you to trade Forex from any browser and operating system (Windows, Mac, Linux) without needing to install any additional software. You can launch the web platform directly in your web browser and start trading online in just a couple of clicks.


MQL5 signals

MQL5 trading signals offer automatic execution on your account. You can choose a signal provider you are interested in and subscribe to them in a few clicks. Accounts of traders are monitored daily and provided with a detailed statistics and trading history. Signals are provided by MQL5 Ltd and you will need to register with them in order to receive them. Weltrade do provide some video tutorials to help explain how these signals work and how to subscribe to them. It must be strongly emphasised that there is absolutely zero guarantee of the results when copying trading signals and you should be well aware of all the significant risks involved with trading online.

ZuluTrade Signals

Weltrade integrate the ZuluTrade service where users can receive trade signals from traders from all over the world. There is no need for you to interfere in the trading process, orders will be executed automatically on your trading accounts when you choose to copy another trader. There are no guarantees on the future performance of copying other traders. You can read our detailed ZuluTrade review for more information.

  • Open, close, and modify trade positions.
  • Automatically execute your selected trading systems’ signals without monitoring the markets 24-hours a day.
  • Utilize multiple strategies and exchange models from over 8700 systems including a wide array of EAs.
  • Diversify risk among multiple currency pairs and strategies.
  • Control your risk by using the Margin Call-0-meter.
  • Adjust the trade size you want your Trader to trade.
  • Manually close orders opened by Traders.
  • Manually adjust stops and limits.

Trading Robots & Indicators

The MetaTrader market offers thousands of trading robots, indicators, scripts, and other applications for trading. You can test some of these applications for free or subscribe to paid options.

VPS Virtual Hosting

The virtual private server hosting service allows creating a copy of your trading platform on a remote server. This can be used to run your trading strategies and copy trades from signal providers on a virtual platform 24 hours a day. Virtual hosting is provided by MQL5 Ltd and to use the service you need to register with them separately.

Trading Calculator

This tool can help you to calculate the value of a pip, the volume of swaps as well as the margin requirements for various trading instruments.

Economic Calendar

The broker has an economic calendar on their website where you can see the dates/times of the latest news releases that can have an impact on various global markets. The news releases display the previous, forecasted and actual result of the release. An economic calendar is often used as part of a trading strategies fundamental analysis.

Weltrade Economic Calendar

Weltrade Economic Calendar


Unfortunately, the broker does not have any dedicated trader’s academy and thus educational materials are very limited compared to some other brokers. The trading brokers review team would have like to have seen some tutorial videos, trading guides, webinars, etc. There is a section for seminars but there are currently no events scheduled.

Forex Trading Seminars

Weltrade seminars can help you to consolidate your skills and increase your knowledge of the Forex market. The broker has speakers who are experienced traders that are ready to share their market knowledge and experience. Each lesson includes a lively discussion of the most relevant topics and detailed answers from professionals to the questions from the audience.


Weltrade have around 77 trading instruments to choose trade online which is actually a very limited selection when compared to many other trading brokers, some of whom offer thousands of trading instruments as you can see on our best trading brokers list. They also do not offer stock trading which is disappointing. Weltrade offer the following asset classes:

  • Forex
  • Commodities
  • Cryptocurrencies


Weltrade have a choice of different account types to cater to individual trader needs. The minimum deposit starts from just $25 whilst leverage of up to 1:1000 is available. Spreads are variable and start from 0 pips on the Crypto account or 0.5 pips on the pro account. All accounts are commission free apart from the ZuluTrade social trading account and Crypto account. The Weltrade account types are as follows:

Micro Account

  • Minimum $25 deposit
  • Execution speeds from 0.9 seconds
  • Variable spreads from 1.9 pips
  • Market execution
  • Leverage from 1:33 – 1:1000

Premium Account

  • Minimum $200 deposit
  • Execution speeds from 0.8 seconds
  • Variable spreads from 1.9 pips
  • Market execution
  • Leverage from 1:33 – 1:1000

Pro Account

  • Minimum $500 deposit
  • Execution speeds from 0.5 seconds
  • Variable spreads from 0.5 pips
  • Market execution
  • Leverage from 1:1 – 1:1000

ZuluTrade Account

  • Minimum $200 deposit
  • Execution speeds from 0.7 seconds
  • Variable spreads from 2.9 pips
  • Market execution
  • Leverage from 1:33 – 1:500

Crypto Account

  • Minimum $50 deposit
  • Execution speeds from 0.7 seconds
  • Variable spreads from 0 pips
  • Market execution
  • Leverage from 1:3 – 1:20

Demo Account

Weltrade can provide you with a demo trading account if you would like to try out the brokers platforms and practice your trading strategies with $5,000,000 in virtual funds before trading on a real live account.

Islamic Account

Swap-free trading accounts are available only for Islamic regions. These are Muslim friendly accounts that comply with Sharia law.

Weltrade Account Types

Weltrade Account Types


Weltrade customer support is available 24/7, 365 days a year. They can be reached via telephone, email and online chat. The broker states that they provide traders with 24-hour high-quality service and take an individual approach to each client. Direct communication is their top priority. They aim to always listen to customers and try to improve their trading services where possible. There are multi-lingual support teams located across the globe.

Weltrade Support

Weltrade Support


Weltrade have a variety of convenient methods for depositing and withdrawing funds from your trading account. This includes bank wire, credit/debit card, cryptocurrency and online payment systems such as Skrill, Neteller, Perfect Money, WebMoney, Qiwi Wallet and Fasapay. Please note that some methods may only be available to specific countries and not all are available for both deposit and withdrawal.

Some fees may be charged when using certain payment methods. Withdrawal requests are processed within the same day or next if outside working hours. The withdrawal time can vary depending on the payment provider and method. Bank transfers may take a few business days to clear whilst some methods can be instant.

Some payment systems may have transaction limits, restrictions, and requirements which are indicated on their respective websites. You may need to verify your account to remove limits on particular methods in some countries. Weltrade strictly does not accept third-party payments. All funds deposited into your trading account must be under the same name as your Weltrade trading account.

Accounts can be opened USD, EUR. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.

Weltrade Funding Options

Weltrade Funding Options


You can open a trading account with Weltrade by completing the short online form on the brokers website. You will need to provide some personal information and documents as part of KYC procedures. This can be in the form of a passport, drivers licenses and utility bill no more than 3 months old. Once your account has been reviewed and approved by a member of the brokers account team, you will be able to download the trading platform, fund your account and start trading online when you feel ready to do so. It should be strongly emphasised that

Weltrade Account Application Form

Weltrade Account Application Form


Compare Broker (vs Our Top 3 Brokers)
Broker FeaturesAvaTradeIGIC Markets
CountryAustralia, Ireland, South Africa, Japan, British Virgin IslandsAustralia, UK, USA, Switzerland, UAE, Singapore, JapanAustralia, Seychelles, Bahamas, Cyprus
Min. DepositMin $250 DepositMin $100 DepositMin $200 Deposit
CommissionFrom $0From $0From $0
InstrumentsForex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, CFDs, ETFsForex, Commodities, Stocks, Shares, Indices, Cryptocurrencies, Metals, Energies, Options, Bonds, ETFs, CFDsForex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs
PlatformsMetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTrade, Web, MobileMetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX API, Web, MobileMetaTrader 4, MetaTrader 5, cTrader, Web, Mobile
TypeMarket Maker, STPSTP, ECN, DMAECN
FundingWire Transfer, Credit/Debit Card, Paypal, WebMoney, Neteller, SkrillWire Transfer, Credit/Debit Cards, PayPalWire Transfer, Credit Card, Debit Card, WebMoney, Neteller, PayPal, Skrill, FasaPay, UnionPay, Qiwi, Bpay, Poli
Visit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit Broker


Overall, Weltrade provides a reasonable online trading service with a variety of platforms, tools, account types and funding options. They do have some useful additional trading tools to assist traders but do not offer any comprehensive daily market analysis. Furthermore, the trading instruments are limited with no stock trading available. The biggest issue for us with this particular broker is the lack of regulation which means that investors do not get the same protection as they would from a regulated brokerage firm. For that reason alone, we would consider an alternative regulated broker.

Weltrade Logo

Min $25 Deposit

Weltrade is an unregulated trading broker that is located offshore. They provide traders across the globe with a limited choice of trading instruments via the MT4/MT5 platforms. There are flexible account types & payment options although spreads are not the lowest.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

About the Author

Alyaziah Hayat
I had previously been forex trading for about 2 years and I now mainly focus on writing forex-related content. I also deal with cryptocurrencies and other financial assets in this industry. I've dealt with several brokers, assets, EA robots, and everything that this industry has to offer.

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