In 2007, a new brokerage company entered the market under the name WELTRADE . At the moment, this firm has many years of experience and serves traders from different countries. At the same time, on the network you can find not only positive, but also negative comments about her. Today we propose to consider different opinions and determine whether Weltrade is a bona fide broker.
How does WELTRADE serve customers?
On the official website of WELTRADE you can find information about 24/7 customer service. Consultants provide assistance within 24 hours, including weekends and holidays. Payment of earnings is carried out in 30 minutes, which is very convenient for a modern trader.
Among the tools, the broker offers an economic calendar and a trader’s calculator. A speculator can use a demo account to test new techniques and determine their professional level.
WELTRADE offers several trading accounts for the client’s choice:
- Micro – allows you to start from $ 25. The tariff is intended for inexperienced traders who wish to test themselves in real market trading. Speed of execution of transactions from 0.9 seconds. Spreads from 1.9 pips, and the minimum position volume is 0.01 lot. margin trades with leverage up to 1: 1000.
- Premium – created for skilled exchange gamblers. It is activated with a $ 200 top-up. Operations are performed at a speed of about 0.8 seconds.
- Pro – designed for professional traders who have large start-up capital. The minimum deposit is 500 USD. The speed of transactions is from 0.5 seconds. Floating spreads from 0.5 pips.
- ZuluTrade – the minimum entry threshold is $ 200. Orders are displayed on the interbank floor within 0.7 seconds. Floating spreads from 2.9 pips are provided. Leverage up to a ratio of 1: 500.
- Crypto – tariff for crypto investors. Only 50 American units are required to start. Transactions are completed in 0.7 seconds. In some cases, there is no spread at all. Leverage up to 1:20.
Automatic trading is available to all clients. Swap is present, its size depends on the selected financial instrument. Trades are carried out on standard platforms Metatrader 4 and 5 versions.
Is WELTRADE an honest company?
The website says that the activities of the brokerage firm are controlled by Belizean law and comply with the norms of the local supervisory authority – the IFSC Commission. If the client has any complaints, he can contact the regulator to resolve this issue. At the same time, there is no detailed information on licensing or any supporting documents on the intermediary’s web resource. This raises questions about the existence of oversight by government agencies.
To determine a bona fide organization, you need to read the comments about it. The 21st century provides ample opportunities for an international trader or investor. On third-party sites, you can find a huge number of reviews about WELTRADE. Understanding how a company operates, a novice speculator will draw his own conclusion about it.
Traders talk about the absence of commission charges and the good work of managers. Employees of the firm help solve complex issues and provide valuable tips for newcomers. Some users have been cooperating with the broker for several years and are satisfied with the quality of service. They indicate acceptable trading conditions, a comfortable website, and high-quality technical support. Withdrawals are carried out fairly quickly.
Negative comments include allegations of fraud and refusal to pay wages. There are account locks and vague communication with technical support. Traders are faced with a freeze of the deposit if all the requirements are met, which raises doubts about the honesty of the company. Market traders are unhappy with the lack of an official license from a trusted regulator. Dealers complain about the refusal to withdraw funds and account blocking.
