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:

LIGHT FX Information

LIGHT FX is a Japan-based broker founded in 2002, regulated by FSA. It offers Forex and Cryptocurrency trading.

Pros and Cons

Is LIGHT FX Legit?

LIGHT FX is regulatedby Financial Services Agency (FSA), under トレイダーズ証券株式会社, with license number 関東財務局長（金商）第123号.

WikiFX Field Survey

WikiFX field survey team visited LIGHT FX's address is Japan, and we found its office on site, which means the company operates with an physical office.

What Can I Trade on LIGHT FX?

Leverage

LIGHT FX offers leverage of up to 1:25, depending on the instrument and account type. Leverage allows traders to control larger positions with smaller capital, amplifying both potential profits and losses.

Trading Platform

Deposit and Withdrawal

LIGHT FX does not have a minimum deposit requirement, which is ideal for new investors and those without much capital to put down.

The withdrawal service is provided by LIGHT FX, having a minimum withdrawal amount for JPY 2000, with 3 business days of withdrawal time.