Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

WELTRADE Review Summary in 10 Points
Founded	2006
Registered Country/Region	Saint Vincent and the Grenadines
Regulation	FSCA (exceeded)
Market Instruments	forex, Index CFDs, commodities, stock CFDs, metals and digital currencies
Demo Account	Available
Leverage	1:1000
EUR/USD Spread	Floating from 0.5 pips
Trading Platforms	MT4, MT5
Minimum deposit	$1
Customer Support	24/7 live chat, phone, email

What is WELTRADE？

Established in 2006, WELTRADE, a trading name of Systemgates Capital Ltd, is allegedly an online CFDs broker incorporated in Saint Vincent and the Grenadines and regulated in Belarus that provides its clients with the worlds most widely-used MetaTrader4 and MetaTrader5 trading platforms, flexible leverage up to 1:1000, floating spreads on various tradable assets, a choice of four different live account types, as well as auto-trading service and 24/7 customer support service. As for regulation, WELTRADE holds an exceeded Financial Sector Conduct Authority (FSCA) license.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

WELTRADE has several advantages, such as a variety of trading instruments, flexible leverage options, and a range of account types suitable for traders at different levels. The broker also provides a range of trading platforms and tools, as well as 24/7 customer support.

However, the negative reviews from some customers regarding withdrawal issues and scams are concerning. Additionally, the lack of valid regulatory license may be a cause for caution. Traders should always exercise caution when selecting a broker and conduct thorough research before investing.

Pros	Cons
• Negative balance protection	• Exceeded FSCA license
• Multiple account types to choose from	• Negative reviews and reports of scams
• Flexible leverage options	• Clients from the USA, Canada, EU, Belarus and Russia are not accepted
• Low spreads with no commissions
• MT4 and MT5 supported
• Low minimum deposit ($1)
• Multiple deposit and withdrawal methods
• 24/7 customer support

WELTRADE Alternative Brokers

There are many alternative brokers to WELTRADE depending on the specific needs and preferences of the trader. Some popular options include:

• CMC Markets - A reliable broker with a long history and competitive pricing.

• FOREX TB - A broker with a wide range of trading instruments and a user-friendly platform.

• GMO - A well-known Japanese broker with with a strong focus on technology and innovation.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is WELTRADE Safe or Scam？

The fact that WELTRADE is regulated by Financial Sector Conduct Authority (FSCA) in South Africa is a positive point, but the negative reviews from clients are concerning. The negative reviews, including clients saying they are unable to withdraw and accusing WELTRADE of being a scam, cannot be ignored.

The fact that WELTRADE offers negative balance protection is a good thing, but it does not necessarily guarantee the safety of the investment. It is important to exercise caution when investing with any broker, and it is recommended to thoroughly research and gather information before making any investment decisions.

Market Instruments

WELTRADE offers a diverse range of market instruments to trade including Forex, metals, commodities, index CFDs, and CFDs for digital instruments such as Bitcoin, Litecoin, and Ethereum. The Forex instruments include a variety of major, minor, and exotic currency pairs, with competitive spreads and high leverage options available. The commodity markets available to trade include precious metals like gold and silver, as well as energy products such as oil and gas.

Furthermore, traders can also access a variety of CFDs on popular stock indices from around the world. WELTRADE's offering of digital instrument CFDs allows traders to participate in the growing cryptocurrency market with competitive conditions.

Accounts

WELTRADE's account types cater to traders of all levels, with the Micro account being suitable for beginners and the Premium account for advanced traders.

The Micro account has a minimum deposit requirement of $1, making it accessible for those who want to start with a small investment. The Pro account requires a minimum deposit of $100, and it is considered the best choice according to the broker's website. The Premium account requires a minimum deposit of $25,000 and offers additional features and benefits for advanced traders.

It is worth noting that traders should carefully consider their level of experience and investment goals when choosing an account type.

Account type	Micro	Pro	Premium
Minimum deposit	$1	$100	$25
Average speed of deal execution	from 0.9 second	from 0.5 second	from 0.8 second
Account currency	cents USD / cents EUR	USD	USD / EUR
Spread	Floatingfrom 1.5 pips	Floatingfrom 0.5 pips	Floatingfrom 1.5 pips
Minimum volume of one order	0.01 lots
Maximum volume of one order	1000 lots	100 lots	100 lots
Leverage	1:33 - 1:1000	1:1-1:1000	1:33 - 1:1000
Margin Call Level	100%
Stop Out Level	10%, 20% for digital instruments
Interest rate	/	5%	3.5%
Interest rate	No
Trading platform	MetaTrader 4 / MetaTrader 5
Automatic trading	Yes
Swap

Leverage

Traders holding different account types can enjoy different maximum leverage ratios. Clients on the Micro or Premium account can enjoy flexible leverage ranging from 1:33 to 1:1000, while the Pro account with the leverage of 1:1-1:1000. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

Spreads are influenced by what type of accounts traders are holding. WELTRADE reveals that the spread on the Micro and Premium accounts is floating from 1.5 pips, while the clients on the Pro account can experience floating spreads from 0.5 pips. All charging no commissions. It is important for traders to understand the different spread and commission structures before opening an account with WELTRADE.

Below is a comparison table about spreads and commissions charged by different brokers:

Broker	EUR/USD Spread	Commissions
WELTRADE	From 0.5 pips	None
CMC Markets	From 0.7 pips	None
FOREX TB	From 0.5 pips	None
GMO	From 0.8 pips	None

Note: Spreads can vary depending on market conditions and volatility.

Trading Platforms

When it comes to trading platforms available, WELTRADE gives a variety of trading platforms to suit different traders' needs. The popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms are available for download on iOS and Android devices, as well as on desktop and Mac OS. These platforms are well-known in the industry for their user-friendly interface, advanced charting tools, and the ability to support automated trading through the use of Expert Advisors.

In addition, WELTRADE also offers the Web Terminal platform, which is accessible through a web browser, allowing traders to trade from any device with an internet connection.

Overall, WELTRADE's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:

Broker	Trading Platforms
WELTRADE	MT4, MT5
CMC Markets	CMC Next Generation, MT4, MT5, Stockbroking platform
FOREX TB	MT4, MT5, WebTrader, MobileTrader
GMO	Z.com Trader, MT4, FXBook Mobile, Z.com Trader Mobile, FXBook Web

Note: This table is subject to change as brokers may add or remove trading platforms over time.

Trading Tools

In addition to its trading platforms, WELTRADE provides traders with some trading tools to assist with their trading decisions. One of these tools is the Trading Calculator, which enables traders to estimate their potential profits or losses on a trade before executing it.

The Economic Calendar is also available to traders, which shows upcoming economic events and releases and their expected impact on the markets. These tools can be useful for traders who want to keep up with the latest market news and make informed trading decisions.

Deposits & Withdrawals

WELTRADE accepts deposits and withdrawals with credit/debit cards, like Visa and MasterCard Skrill, Neteller, digital currencies, Perfect Money, Indonesia Local Bank, and Fasapay,making it convenient for traders from different countries. The minimum deposit amount depends on the terms of the payment system.

WELTRADE minimum deposit vs other brokers

	WELTRADE	Most other
Minimum Deposit	$1	$100

Deposits via Indonesia Local Bank can be processed in 24 hours, while other deposits are instant. All withdrawal requests are said to be processed within 30 minutes and the broker supports 24/7 withdrawals. More details can be found in the below screenshots.

However, it is important for traders to carefully review the terms and conditions of each payment method, as well as any potential fees or limitations that may apply. More details can be found in the below screenshots.

Customer Service

It is a good sign that WELTRADE offers multiple ways to get in touch with their customer support team, including 24/7 Live chat, phone, email, online messaging, or request a callback. The broker also has a presence on popular social media platforms, including Twitter, Facebook, Instagram and Line, which may be convenient for some traders. It should be noted that the broker is registered in Saint Vincent and the Grenadines, which is not a heavily regulated jurisdiction, so traders should exercise caution and do their due diligence before investing.

Overall, WELTRADE's customer service is considered reliable and responsive, with various options available for traders to seek assistance.

Pros	Cons
• 24/7 multi-channel support available	• Registered address is shady
• Active presence on social media platforms for easy communication
• Support for multiple languages

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

Education

WELTRADE offers a range of educational resources to help traders improve their knowledge and skills. The broker provides market news and analytics to keep clients updated on the latest market trends and developments. In addition, WELTRADE offers training and seminars to help traders learn the basics of trading, as well as more advanced strategies. The MetaTrader guide is also available for traders to learn how to use the trading platform effectively. These educational resources can help traders make better-informed trading decisions and improve their overall trading performance.

User Exposure on WikiFX

It is important to exercise caution when investing with any broker, and this includes WELTRADE. It is concerning to see reports of scams and issues with withdrawals from some users. Please be aware and exercise caution when investing. 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

Based on the information available, WELTRADE is a Forex and CFD broker offering a range of trading instruments, account types, and platforms. It has some attractive features such as competitive spreads, a wide range of payment methods, and negative balance protection.

However, there are also some concerns raised by clients regarding withdrawal issues and scams. Additionally, the broker is registered in Saint Vincent and the Grenadines, which is a less regulated jurisdiction compared to major financial centers. Traders should exercise caution and conduct their own research before investing with WELTRADE or any other broker.

Frequently Asked Questions (FAQs)

Q 1:	Is WELTRADE regulated？
A 1:	No. WELTRADE holds an exceeded Financial Sector Conduct Authority (FSCA) license.

Q 2:	At WELTRADE, are there any regional restrictions for traders？
A 2:	Yes. Not for residents of the USA, Canada, EU, Belarus and Russia and other not-supported (restricted) countries.

Q 3:	Does WELTRADE offer demo accounts？
A 3:	Yes.

Q 4:	Does WELTRADE offer the industry-standard MT4 & MT5？
A 4:	Yes. Both MT4 and MT5 are supportable.

Q 5:	What is the minimum deposit for WELTRADE？
A 5:	The minimum initial deposit to open an account is only $1.

Q 6:	Is WELTRADE a good broker for beginners？
A 6:	No. WELTRADE is not a good choice for beginners. Though it seems to offer competitive trading conditions, it lacks legitimate regulation.

Registered in	UK
Regulated by	CYSEC, CNMV and FCA
Year(s) of establishment	10-15 years
Trading instruments	Forex pairs, indices, commodities, stocks, ETFs
Minimum Initial Deposit	$0
Maximum Leverage	1:30
Minimum spread	0.35 pips onwards
Trading platform	x Station 5 and x Station Mobile trading platforms
Deposit and withdrawal method	bank transfers, credit cards and Skrill
Customer Service	Email/phone number/address
Fraud Complaints Exposure	Yes

It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.

Pros and cons of XTB

Pros:

• XTB is regulated by top-tier authorities such as CYSEC, CNMV and FCA, which ensures the safety of client funds and compliance with industry standards.

• Clients can enjoy commission-free trading with spreads as low as 0.25 pips, making it a cost-effective option for forex traders.

• The xStation 5 and xStation Mobile platforms provide a user-friendly and advanced trading experience, with multiple technical analysis tools and charting options.

• A wide range of educational resources is available, such as market news, sentiment indicators, and eBooks, making it ideal for beginner traders who want to improve their trading skills.

Cons:

• XTB only offers a standard account type, with no information provided about the minimum deposit required to open an account.

• The maximum leverage offered is only up to 1:30, which may not be ideal for high-risk traders who want to take larger positions in the market.

• Withdrawals of less than 100 USD, 80 EUR, 60 GBP or 12000 HUF will be charged a high fee, which can be a disadvantage for clients with smaller accounts.

• Customer support is not available 24/7 and is only offered in a limited number of languages.

What type of broker is XTB？

Advantages	Disadvantages
XTB offers tight spreads and fast execution due to its Market Making model.	As a counterparty to its clients' trades, XTB has a potential conflict of interest that may lead to decisions that are not in the best interest of its clients.

XTB is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, XTB acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of the leverage offered. However, this also means that XTB has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interests of their clients. It is important for traders to be aware of this dynamic when trading with XTB or any other MM broker.

General information and regulation of XTB

XTB is a UK registered online forex and CFD broker that is regulated by the FCA, CYSEC, and CNMV. The company offers trading in a range of financial instruments including forex pairs, indices, commodities, stocks, and ETFs. XTB provides its clients with advanced trading platforms, educational resources, and a variety of payment methods. The broker also offers competitive spreads with zero commissions and has a maximum leverage of 1:30.

In the following article, we will analyse the characteristics of this broker in all its dimensions, providing you with easy and well-organised information. If you are interested, read on.

Market instruments

Advantages	Disadvantages
Wide range of tradable assets	Limited selection of cryptocurrencies
Opportunity to diversify	Some instruments may have low liquidity
Access to multiple markets	Not all assets may be available in all regions

XTB offers a diverse range of instruments for traders to choose from, including forex pairs, indices, commodities, stocks, and ETFs. This presents a great opportunity for traders to diversify their portfolio and access multiple markets all within one platform. The wide selection of tradable assets ensures that there are plenty of options available for traders with varying strategies and preferences. However, it's important to note that some of the instruments may have low liquidity and there is a limited selection of cryptocurrencies available. Additionally, not all of the assets may be available in all regions, which could limit access for some traders. Overall, XTB's instrument dimension provides traders with a comprehensive selection of tradable assets, but it's important to research each asset's liquidity and availability before trading.

Spreads and commissions for trading with XTB

Advantages	Disadvantages
Zero commission
Competitive spreads starting from 0.25 pips
No hidden fees or additional charges

XTB offers a single account type with zero commission and competitive spreads starting from 0.25 pips, making it an attractive option for traders looking for low trading costs. There are no hidden fees or additional charges, providing transparency and ease of understanding for traders.

Trading accounts available in XTB

Advantages	Disadvantages
No commission	Only one account type
Low spreads	Minimum deposit not revealed
Wide range of trading instruments

XTB offers only one standard account type, which doesn't charge any commission and offers competitive spreads from 0.35 pips. This account type also provides access to a wide range of trading instruments, including forex pairs, indices, commodities, stocks, and ETFs. However, the minimum deposit requirement for this account type is not revealed, which can be a disadvantage for traders who are looking for transparency in terms of account funding. Additionally, the lack of account type options might not suit the needs of more advanced traders who require different trading conditions or access to additional features. Overall, the account type provided by XTB has its benefits in terms of low costs and diverse trading instruments, but it might not be suitable for all types of traders.

Trading platform(s) that XTB offers

Advantages	Disadvantages
Advanced charting tools	Limited platform options
Customizable interface	Limited mobile app features
Fast execution speed	No third-party platform support
One-click trading

X-Trade Brokers (XTB) provides its clients with two main trading platforms - xStation 5 and xStation Mobile. xStation 5 is a highly advanced platform with a customizable interface and advanced charting tools. The platform also offers fast execution speeds and one-click trading functionality. On the other hand, the xStation Mobile platform offers limited features compared to the desktop version. The mobile platform lacks advanced charting tools and other important features, limiting its functionality for traders who prefer to trade on-the-go. Additionally, XTB only offers its proprietary platforms and does not support any third-party trading platforms, which could be a disadvantage for some traders.

You can watch their video tutorial about this platform on their official YouTube channel.

Maximum leverage of XTB

Advantages	Disadvantages
Allows for greater market exposure with a smaller initial investment	High leverage can lead to substantial losses if not managed properly
Provides potential for higher returns	Trading with high leverage increases the risk of margin calls
Enables traders to diversify their portfolio	Not suitable for all types of traders, especially beginners
Allows for more flexibility in trading strategies	May require higher margin requirements and affect trading profitability

XTB offers a maximum leverage of up to 1:30 which is a standard leverage amount in the industry, especially in the European Union. The maximum leverage allows traders to increase their market exposure with a smaller initial investment and has the potential to generate higher returns. However, traders need to be aware that high leverage also carries a higher risk of substantial losses, and should only be used by experienced traders who have a good understanding of risk management strategies. Moreover, it may not be suitable for all types of traders, especially beginners who may find it difficult to manage the increased risk. Overall, the maximum leverage offered by XTB can be beneficial for traders who have experience in managing risk and are comfortable with high leverage trading.

Deposit and Withdrawal: methods and fees

Advantages	Disadvantages
Multiple deposit methods	High fee for withdrawals smaller than specified limit
No fees for deposits	Limited number of withdrawal methods
Fast deposit processing	Withdrawals may take up to 3 business days
Secure transactions	Minimum deposit amount not disclosed
No hidden charges

XTB offers a range of deposit methods including bank transfers, credit cards and Skrill. They do not charge any fees for deposits and process them quickly. However, withdrawals smaller than 100USD, 80 EUR, 60 GBP or 12000 HUF will be charged a high fee of around 20USD/16EUR/12GBP. The number of withdrawal methods is limited, and withdrawals may take up to 3 business days. XTB ensures secure transactions and does not have any hidden charges. However, the minimum deposit amount is not disclosed.

Educational resources in XTB

Advantages	Disadvantages
Wide range of educational resources including economic calendar, market news, articles, eBooks, and more	Some resources may be basic and not useful for experienced traders
Free to access	Limited interaction and personalization with educational resources
Provides opportunities for traders to improve their trading skills and knowledge	No structured or formal education programs offered
Regularly updated with the latest market news and analysis	No physical or in-person educational events or seminars offered
Offers a demo account for traders to practice their skills and strategies before trading with real money

XTB provides a wide range of educational resources for traders to improve their trading skills and knowledge. These resources include an economic calendar, market news, market sentiment, articles, eBooks, and more. These resources are free to access and provide opportunities for traders to improve their trading strategies and knowledge. The platform also offers a demo account for traders to practice their skills and strategies before trading with real money. While some resources may be basic and not useful for experienced traders, XTB regularly updates their resources with the latest market news and analysis. However, there are no structured or formal education programs or physical/in-person events or seminars offered, and there is limited interaction and personalization with educational resources.

Customer service of XTB

Advantages	Disadvantages
24/5 customer support	No 24/7 customer support
Multiple contact options
Dedicated account opening line	No live chat support
UK and Poland-based offices

XTB offers multiple customer support options, including 24/5 customer service through their UK and Poland-based offices. Clients can reach XTB's customer support team through various contact methods such as email, phone, and online messaging. Additionally, the company provides dedicated account opening lines for new clients. However, it is important to note that XTB does not offer 24/7 customer support, and phone support may be limited. Moreover, the company does not offer live chat support and email support may also be limited.

Conclusion

Overall, XTB is a well-regulated and reputable forex broker with several years of experience in the industry. The company offers a wide range of tradable assets, competitive spreads, and a user-friendly trading platform with advanced features. The educational resources provided by XTB are also a valuable asset for both novice and experienced traders. However, the limited account options and high withdrawal fees for small amounts may be a disadvantage for some traders. The customer support offered by XTB is efficient and available 24/5, and the company has a physical presence in several locations around the world. The maximum leverage offered by XTB is limited to 1:30, which may not be suitable for some high-risk traders. Overall, XTB is a solid choice for traders looking for a regulated and reliable forex broker.

Frequently asked questions about XTB

• What are the trading instruments available at XTB？

• Answer: XTB offers forex pairs, indices, commodities, stocks, and ETFs.

• What type of account is available at XTB？

• Answer: XTB only offers a standard account with a minimum deposit not revealed.

• What is the maximum leverage offered by XTB？

• Answer: XTB offers a maximum leverage of up to 1:30.

• What are the deposit and withdrawal methods available at XTB？

• Answer: XTB offers bank transfers, credit cards, and Skrill for deposits and withdrawals.

• What are the fees associated with withdrawals at XTB？

• Answer: Withdrawals smaller than 100 USD, 80 EUR, 60 GBP, or 12000 HUF will be charged a high fee of around 20 USD/16 EUR/12 GBP.

• What trading platforms are available at XTB？

• Answer: XTB offers the x Station 5 and x Station Mobile trading platforms.

• What educational resources are available at XTB？

• Answer: XTB provides a series of educational resources such as economic calendar, market news, market sentiment, articles, eBooks, and more.

• Is XTB regulated？

• Answer: XTB is under multiple regulation, including CYSEC, FCA, and CNMV.

• Does XTB offer a demo account？

• Answer: Yes, XTB offers demo accounts.

• Does XTB charges commission？

• Answer: No, XTB provides a commission-free trading.

• What is the minimum deposit for XTB？

• Answer: XTB requires $250 for clients t trade with it.

• What is the difference between a demo and a live trading account？

• Answer: A demo account is an account funded with virtual money that allows for risk-free trading while a live trading account requires actual capital.

• What is the overall rating for XTB ？

• Answer: The overall rating for XTB is 6.63/10 based on its Regulatory index, Risk Management index, Software index, Business index, License Index.