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Weltrade , STARTRADER Broker Comparison
Do you want to know which is the better broker between Weltrade and STARTRADER ?
In the table below, you can compare the features of Weltrade , STARTRADER side by side to determine the best fit for your needs.
- Rating
- Basic Information
- Trading Env.
- Account Info
- Related News
- Relevant Exposures
- Rating
- Basic Information
- Trading Env.
- Account Info
- Related News
- Relevant Exposures
2 / 3 forex brokers comparison in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Basic Information
Est. Date
Regulatory License
MT4
MT5
Crypto
Deposit/Withdrawal Methods
Trading Env.
Trading Environment Rating
Execution Speed
Trading Speed Rating
Average Execution Speed
Minimum Execution Latency
Minimum Open Latency
Minimum Close Latency
Maximum Execution Latency
Maximum Open Latency
Maximum Close Latency
Slippage
Slippage Rating
Average Slippage
Max Slippage
Maximum Positive Slippage
Maximum Negative Slippage
Trading Cost
Trading Cost Rating
- Average Trading Cost
- (EURUSD)
- Average Trading Cost
- (XAUUSD)
Swap
Swap Rating
- Average Trading Cost
- (EURUSD)
- Average Trading Cost
- (XAUUSD)
Disconnection Instances
Disconnection Rating
Avg. Disconnection Frequency (/day)
Avg. Reconnection Time
Account Info
Accounts
Account Name
Trading Instruments
Minimum Deposit
Maximum Leverage
Typical Spread
Stop-Out Level
Spread Types
Minimum Trade Size
Crypto
Lock Position
Scalping
EA Trading
2.41
Regulated
Under guarantee
20+ years
NBRB,FSCA
Skrill,VISA/MASTERCARD/UNIONOPAY,Neteller,FASAPAY
D
D
962.5
83
85
83
1997
1994
1997
C
EURUSD: -0.4
XAUUSD: -303.2
24
-1
24
B
5.6 USD/Lot
29.37 USD/Lot
B
Long: -4.66
Short: -2.17
Long: -157.6
Short: -39.35
AA
0.1
106.6
Pro,Micro,SyntX
Forex, Metals, Commodities, Stocks, Indices
10 USD
1:1000
from 0.5
10.00
Floating
0.01
--
8.56
Regulated
Under guarantee
--
--
10-15 years
ASIC,FSCA,FSA
Neteller,STICPAY,Debit Card,Local Deposits,Bank Wire,CryptoPay,PerfectMoney,Credit Card,SEPA,Skrill
AA
B
499.9
2
2
3
1987
1987
1987
AAA
13
-1
13
A
5.07 USD/Lot
18.74 USD/Lot
A
Long: -6.92
Short: 3.13
Long: -86.15
Short: 28.12
C
0.1
266.6
STANDARD,ECN
60+ currency pairs, 700+ stocks, 20+ commodities, 25+ indices
10-50USD
1:1000
from 1.0
0.00
--
0.01
--
Weltrade 、 STARTRADER BrokerRelated News
Weltrade BrokerRelevant Exposures
Which broker is more reliable?
To evaluate a broker's reliability and trustworthiness, consider the following four factors:
1.Forex broker introduction。
2.Do weltrade and iv-markets have lower transaction costs?
3.Which broker is safer?
4.Which broker offers the best trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Forex broker introduction
weltrade
| WELTRADE Review Summary | |
| Founded | 2006 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | NBRB/FSC (Revoked), FSCA (Exceeded) |
| Market Instruments | Forex, metals, index CFDs, commodities, stock CFDs |
| Demo Account | ✅ |
| Spread | Floating from 1.5 pips (Micro account) |
| Leverage | Up to 10000x |
| Trading Platform | MT4, MT5, Weltrade App |
| Minimum Deposit | USD 1 |
| Customer Support | Live chat, FAQ |
| Social platforms: Facebook, LinkedIn, Instagram | |
| Email: info@weltrade.com | |
| Registered Address: Unit Suite 305, Griffith Corporate Centre, PO BOX 1510, Beachmont, Kingstown, Saint Vincent and the Grenadines | |
| Email and registered offices in other countries: https://www.weltrade.com/customersupport/ | |
| Restricted Regions | USA, Canada, EU, Belarus and Russia |
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
| Pros | Cons |
| Demo accounts | Revoked NBRB and FSC license |
| MT4 and MT5 platforms | Exceeded FSCA license |
| Multiple trading tools | Abnormal high leverage levels |
| Affordable minimum deposit | |
| Promotion programs | |
| No trading commissions | |
| Rich educational resources |
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?
| Trading Instruments | Supported |
| Forex | ✔ |
| Metals | ✔ |
| Index CFDs | ✔ |
| Commodities | ✔ |
| Stock CFDs | ✔ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
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:
| Account Type | Minimum Deposit | Accepted Currencies | Spread | Commission |
| Micro | USD 1 | Cents USD, cents EUR | Floating from 1.5 pips | ❌ |
| Pro | USD 100 | USD | Floating from 0.5 pips | |
| Premium | USD 25 | USD, EUR | Floating from 1.5 pips | |
| SyntX | USD 1 | USD | Floating |
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.
| Account Type | Maximum Leverage |
| Micro | 1:1000 |
| Pro | |
| Premium | |
| SyntX | 1:10000 |
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.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | iOS, Android, Windows, MacOS, Web | Beginners |
| MT5 | ✔ | iOS, Android, Huawei, Windows, MacOS, Web | Experienced traders |
| Weltrade App | ✔ | iOS, Android | / |
Deposit and Withdrawal
WELTRADE supports several funding methods:
| Payment Method | Accepted Currencies | Deposit Fee | Withdrawal Fee | Deposit Time | Withdrawal Time |
| VISA/MASTERCARD/UNIONPAY | USD | ❌ | 4% + 2 USD | Instantaneous | 30 min, 24/7 |
| Skrill | 1% | ||||
| Neteller | USD, EUR | 2% (min. $1.00) | |||
| IDLB | IDR | Sender's bank tariff | ❌ | Within 24 hours | |
| FasaPay | USD, IDR | ❌ | 0.5% (min. $0.01, max. $5.00) | Instantaneous |
iv-markets
| STARTRADER Review Summary | |
| Founded | 1997 |
| Registered Country/Region | Australia |
| Regulation | ASIC |
| Market Instruments | Forex, shares, indices, metals, commodities, and ETF |
| Account Type | STP Account, ECN Account |
| Demo Account | ✔ |
| Leverage | Up to 1:500 |
| Spread | Start from 0.0 pips |
| Minimum trading set | 0.01 lots |
| Trading Platform | MT4, MT5, Web Trader, STARTRADER APP, copy trade |
| Payment Method | Visa/Mastercard, E-Wallet, International Bank Wire Transfer |
| Customer Support | Phone: +61 2 9925 4396 |
| Email: info@startrader.com | |
| Physical Address: Suite 201, 2nd Floor, The Catalyst, 40 Silicon Avenue, Ebene Cybercity, Mauritius | |
STARTRADER Information
STARTRADER, founded in 1997, is a brokerage registered in Australia. The trading instruments it provides cover more than 50 types of forex , more than 70 types of shares, indices, metals, commodities, and ETF.
Pros and Cons
| Pros | Cons |
| Regulated | No clear information on the minimum deposit for each accounts |
| Wide range of trading instruments | No Islamic account |
| Generous leverage up to 1:500 | |
| MT4 and MT5 supported | |
| Copy trading available | |
| Demo account available |
Is STARTRADER Legit?
STARTRADER is regulated by ASIC. Its current status is regulated.
| Regulated Country | Regulated Authority | Regulated Entity | License Number | Current Status |
| Australia | ASIC | STARTRADER PRIME GLOBAL PTY LTD | 000421210 | Regulated |
What Can I Trade on STARTRADER?
STARTRADER offers traders more than 1000 types of instruments - more than 50 types of forex , more than 70 types of shares, indices, metals, and commodities.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Stocks | ✔ |
| Metals | ✔ |
| Indices | ✔ |
| ETF | ✔ |
| Futures | ❌ |
| Options | ❌ |
Account Types
STARTRADER offers 2 different types of accounts to traders - Standard Account, ECN Account.
| Account Type | Standard Account | ECN Account |
| Spreads | As low as 1.3 pips | As low as 0.0 pips |
| Commission | No | Yes, $7/lot |
| Minimum Volume per Trade | 0.01 lots | 0.01 lots |
| Account Currency Type | AUD, CAD, EUR, GBP, USD, NZD | AUD, CAD, EUR, GBP, USD, NZD |
| Payment Methods | Visa/Mastercard, E-Wallet, International Bank Wire Transfer | Visa/Mastercard, E-Wallet, International Bank Wire Transfer |
| Demo Account | ✔ | ✔ |
Trading Platform
STARTRADER's trading platforms are MT4, MT5, Web Trader, STARTRADER APP, which support traders on PC, Mac, iPhone and Android.
| Trading Platform | Supported | Available Devices |
| MT4 Margin WebTrader | ✔ | Web, Mobile |
| MT5 | ✔ | Web, Mobile |
| Web Trader | ✔ | Web |
| STARTRADER APP | ✔ | Mobile |
| Copy Trade | ✔ |
Deposit and Withdrawal
The broker supports Visa, Mastercard, E-Wallet, Bank Wire, China Union Pay, Dragonpay, Help2Pay, Payment Asia and tether.
Copy Trading
STARTRADER's copytrading offers an opportunity to follow good traders and monitor the markets.
Do weltrade and iv-markets have lower transaction costs?
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive weltrade and iv-markets are, we first considered common fees for standard accounts. On weltrade, the average spread for the EUR/USD currency pair is from 0.5 pips, while on iv-markets the spread is from 1.0.
Which broker between weltrade, iv-markets is safer?
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
weltrade is regulated by NBRB,FSCA. iv-markets is regulated by ASIC,FSCA,FSA.
Which broker between weltrade, iv-markets provides better trading platform?
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
weltrade provides the Pro,Micro,SyntX platform with products like Forex, Metals, Commodities, Stocks, Indices; iv-markets offers the STANDARD,ECN platform featuring assets including 60+ currency pairs, 700+ stocks, 20+ commodities, 25+ indices.
