WELTRADE Information

WELTRADE was initially registered in Saint Vincent and the Grenadines and also now operates in dozens of countries worldwide. The broker offers a wide range of trading services in forex, metals, index CFDs, commodities, stock CFDs. It offers a demo account for you to get familiar with the platform and your trading strategy. Besides, four tiered live accounts are available to suit different levels of investors.

Traders can excute trades on the well-acclaimed MetaTrader 4 and 5 platforms, as well as the broker's self-developed Weltrade App. Trading tools such as trading/pip/profit/Fibonacci calculators, tradingview charts and economic calenders are available to enhance trading efficiencies.

Moreover, the broker offers a series of educational resources including webinars and seminars, MetaTrader guides, indicators, etc to help traders better understand the financial world and trading.

However, one fact that cannot be neglected is that although the broker claims to be regulated by the NBRB, FSC, and FSCA, none of them is normal.

Pros and Cons

Is WELTRADE Legit?

No. WELTRADE currently has no valid regulations. It only holds revoked NBRB and FSC licenses, and an exceeded FSCA license. Please be aware of the risk!

Regulated Country	Regulator	Current Status	Regulated Entity	License Type	License No.
	National Bank of the Republic of Belarus (NBRB)	Revoked	LLC SystemGates Limited	Retail Forex License	192727233
	Financial Services Commission (FSC)	Revoked	Systemgates Capital Ltd.	Retail Forex License	IFSC/60/350/TS/17
	Financial Sector Conduct Authority (FSCA)	Exceeded	WELTRADE SA (PTY) LTD	Financial Service Corporate	50691

What Can I Trade on WELTRADE?

Account Type

WELTRADE not only offers a demo account for you to simulating real trading with virtual funds before tapping into real trading, but also four tiered live accounts with different traidng conditions to suite various levels of investors and different products:

Leverage

WELTRADE offers leverage up to 10000x, which is not normal among most brokerage companies. Usually leverage not only signifies profits, but also losses, thus it's strongly recommended that you should deal with leverage with this broker in extreme caution.

Trading Platform

WELTRADE claims to use the world renowned MetaTrader 4 and 5 platforms, which are well-recognized by its advanced charting tools and robust functionalities.

You can reach the platforms on web, or download app from Windows, mobiles phones and Mac.

Besides, the company also developed its own trading platform WELTRADE App, downloadble from both iOS and Android devices.

Deposit and Withdrawal

WELTRADE supports several funding methods:

General Information

What is E-Global?

E-Global Trade & Finance Luxembourg S.A. was granted its PSF license to act as a broker to customer trades in financial instruments in 2016. The Luxembourg entity was the logical extension of the Groups business to Europe with products such as Forex4you, Trade4you and Share4you.

Pros & Cons

Global offers a wide range of market instruments, providing potential opportunities for investors. The availability of copy trading and mobile trading may be appealing to those seeking convenience and alternative trading options.

However, there are concerns regarding E-Global's regulatory status, with reports indicating an unregulated and suspicious clone license. Limited information on the website further raise doubts about the credibility and reliability of E-Global as a financial service provider.

Is E-Global Safe or Scam?

E-Global's license from the British Virgin Islands Financial Services Commission (FSC, License No. SIBA/L/12/1027) raises suspicions of being a clone or unauthorized entity. Additionally, the report of a scam and the lack of sufficient information on their website are red flags. Therefore, it is advisable to exercise caution and consider E-Global as potentially unsafe. It is crucial to conduct thorough research and due diligence before engaging with any unregulated or suspicious financial entity to protect your investments and personal information.

Market Instruments

E-Global presents itself as a platform that offers real estate and investments on global markets.

Copy trading & Mobile trading

Global states on their website that they offer copy trading and mobile trading services to their clients. Copy trading typically allows investors to automatically replicate the trades and strategies of experienced traders, enabling them to potentially benefit from their expertise. However, since E-Global does not provide further details about their copy trading service, it is important for potential users to seek more information directly from the company.

Mobile trading, on the other hand, suggests that E-Global provides a platform or app that allows clients to access and manage their trading accounts using their mobile devices. This can offer convenience and flexibility for traders who prefer to monitor and execute trades on the go.

Customer Service

E-Global provides customer service through phone: +352 26 374 964 and email: info@eglobal-group.com, allowing clients to reach out for assistance or inquiries. Additionally, the company address: 53 Boulevard Royal, 2449 Luxembourg – Eich, Luxembourg – Luxemburg listed in Luxembourg provides a physical location for clients to visit or send correspondence if needed.

Note: These pros and cons are subjective and may vary depending on the individual's experience with E-Global's customer service.

User Exposure on WikiFX

On our website, you can see that a report of scam. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

Conclusion

In conclusion, E-Global raises significant concerns regarding its regulatory status, with reports suggesting it operates with an unregulated and suspicious clone license. The limited information available on its website, particularly regarding market instruments and trading platforms, adds to the lack of transparency and raises doubts about the company's credibility. Additionally, the absence of clear details on copy trading and mobile trading further hampers its reputation. It is advisable for traders to exercise caution and explore alternative regulated options in the market.

Frequently Asked Questions (FAQs)