Global Broker governance & inquiry App

Score

0123456789
.
0123456789
0123456789
/10
The WikiFX Score of this broker is reduced because of too many complaints!

WeTrade

United Kingdom|5-10 years| Benchmark AA|
Regulated in Malaysia|Straight Through Processing(STP)|MT4/5 full license|United Kingdom Appointed Representative(AR) Revoked|High potential risk|Offshore Regulatory|

https://www.wetradefx.com

Website

Rating Index

Benchmark

Benchmark

AA

Average transaction speed (ms)

477.8

MT4/5

Full License

WeTradeBroker-Live1

Hong Kong
MT4
21

Influence

B

Influence index NO.1

United States 8.05
The WikiFX Score of this broker is reduced because of too many complaints!

Benchmark

Speed:A

Slippage:AA

Cost:AA

Disconnected:C

Rollover:B

MT4/5 Identification

MT4/5 Identification

Full License

21
Server Name
WeTradeBroker-Live1 MT4
Server Location Hong Kong

Influence

Influence

B

Influence index NO.1

United States 8.05

Surpassed 74.77% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

chinasupport@wetrade.net
https://www.wetradefx.com
https://www.facebook.com/global.wetrade

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

More

Danger

MU FSC
2023-01-12

Danger

ID BAPPEBTI
2022-02-02
Ministry of Trade Blocks 1,222 Illegal Commodity Futures Trading Websites
WeTrade
CCC
NSFX

Danger

MY SCM
2022-01-01

Broker Information

More

Company Name

WeTrade International Limited

Company Abbreviation

WeTrade

Platform registered country and region

United Kingdom

Company website
Facebook
YouTube

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

WikiFX Risk Alerts 3
Previous Detection : 2024-02-25
  • The number of the complaints received by WikiFX have reached 7 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • United KingdomFCA (license number: 780894) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!

WikiFX Verification

WeTrade · Benchmark
Average transaction speed(ms)
477.8
The highest transaction speed(ms)
312 Poor
The highest speed of opening positions(ms)
312
The highest speed of closing position(ms)
375
The lowest speed of opening positions(ms)
1824
The lowest speed of closing position(ms)
1246 Good
Ranking: 42 / 125
Test user 384
Orders 3,098
Ocuppied margin $643,468 USD
Data Source WikiFX Data provide
Updated: 2024-02-23 01:02:SS

Users who viewed WeTrade also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

FXCM

9.46
Score
Above 20 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

GO MARKETS

8.97
Score
15-20 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

KCM Trade

7.73
Score
5-10 yearsStraight Through Processing(STP)MT4/5 full license
Official website
Pyramid scheme complaint
Expose
Others

The agent moved to the platform, and the phone was not answered, and the call was simply not returned. The loss of more than 8,000 yuan to more than 100 yuan, the real agent was cut, its a pig-butchering scam.

I met a man on the Internet who encouraged me to change platform. I deposited 5,000 US dollars, and after operation reached 8,000 yuan, I lost 6,000 yuan. When I reached 6,000 yuan, I lost 700 yuan a day. When I got back, I lost more than 700 yuan. Before saying that the agent helped me pay 4280 yuan. After that, I couldn’t contact anyone and they didn’t reply. Finally, I left a message in chat group, and he replied. Told me where the money came from and block me. My account number in Zhonghui is 7210919.

2023-07-02 13:35
Unable to withdraw

Need to upgrade to Gold VIP and taxes if u wanna withdraw.

When you make a deposit, the platform will tell you that you need to upgrade to a Gold VIP, and you can withdraw normally. When you have paid, you can withdraw it again. The platform will tell you that you need to activate and then say that you need to pay taxes where you are. If you don’t pay, you can’t withdraw the money and you will keep saying a word to you. Please pay within a fixed time, otherwise the account will become unmanaged. At that time, you need to pay a deposit to reflect it! When I finished paying everything, I estimated that there were 50,000 Canadian dollars, and I thought I could finally withdraw cash. The platform gave me another reason to say that my account has been identified by Asia Pacific Anti-Money Laundering and I am a suspect of money laundering. I have to pay a 30% deposit of the principal to confirm that I have no relationship with the money. No matter what you do, this money has never been paid out. This money comes and goes. I invested about 200,000 Canadian dollars!

2021-03-21 11:22

    Total Margin Trend

    • VPS Region
    • User
    • Products
    • Closing time
    • Dubai
    • 627***
    • XAUUSDc
    • 02-23 22:56:00
    • BeiJing
    • 415***
    • XAUUSDc
    • 02-23 18:30:00
    • Hongkong
    • 577***
    • XAUUSDc
    • 02-23 18:52:00

    Stop Out

    0.76%

    Stop Out Symbol Distribution

    6 months

    Sources

    WeTrade · Company Summary

    Company Summary

    Company profile

    Note: WeTrades official site - https://www.wetradefx.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

    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 & Regulation

    Feature Information
    Registered Country/Region United Kingdom
    Found 2015
    Regulation unregulated
    Market Instrument forex, indices, energies, precious metals
    Account Type STP, VIP, ECN and Affiliate
    Demo Account N/A
    Maximum Leverage 1:1000
    Spread Vary on the account type
    Commission Vary on the account type
    Trading Platform MT4
    Minimum Deposit $100
    Deposit & Withdrawal Method USDT, bank wire transfers

    WeTrade, a trading name of WeTrade International Limited, is a forex broker founded in 2015 and based in London, UK.

    As for regulation, WeTrade holds a revoked (United Kingdom) Financial Conduct Authority license and an offshore regulated (Saint Vincent and the Grenadines) Financial Services Authority license. That is why its regulatory status on WikiFX is listed as “Offshore Regulatory” and receives a relatively low score of 4.48/10. Please be aware of the risk.

    General Information & Regulation

    Note: The screenshot date is February 3, 2023. WikiFX gives dynamic scores, which will update in real-time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.

    Market Instruments

    The company offers a wide range of trading products, including forex, indices, energies, precious metals, four trading categories in total, and more than 60 kinds of trading products.

    Account Types

    WeTrade has set up four types of accounts for investors with various investment needs and strategies, including the STP (minimum deposit of $100), VIP (minimum deposit of $1000), ECN (minimum deposit of $3000), and Affiliate accounts (minimum deposit of $100).

    Leverage

    When it comes to trading leverage, the maximum leverage is up to 1:1000 for Forex trading, which sounds incredibly high. Inexperienced traders are advised not to use such high trading leverage in case of fund losses.

    Spreads

    Spreads vary depending on the different account types chosen. The minimum spread for the STP account is 1.8 pips for EUR/USD, with no trading commission. The minimum spread for the VIP account is 1.0 pips for EURUSD, with no trading commission. The minimum spread for the ECN account is 0, charging a commission of 7 USD per lot. The minimum spread for the Affiliate account is 2.3 pips for EURUSD, requiring no trading commission.

    Trading Platform

    WeTrade offers its clients the advanced and popular MT4 trading platform, MAM and Multi-Account Management Tool (MAM). MT4 comes with robust charting and data analysis functions, available for PC, iOS, and Android versions. The MAM and multi-account management tools are two types of multi-account management systems that allow traders to trade for multiple accounts simultaneously.

    Deposit & Withdrawal

    Deposit methods support USDT, wire transfer, no commission for USDT deposit, support any bank, and instant payment. For wire transfers, the bank will charge a fee, and the time of arrival is subject to the bank. Withdrawal methods are CUP and wire transfer. The bank will charge a fee for wire transfers, and the time of arrival will be determined by the bank.

    Customer Support

    The WeTrade customer support team can be contacted through email: globalsupport@wetradefx.com, chinasupport@wetrade.net, support@wetradefx.com. You can also follow this broker on social networks such as WeChat: wolovewetrade, Facebook, and YouTube.

    Pros & Cons

    Pros Cons
    • Wide range of trading assets and account types • No regulation
    • MT4 supported • Website inaccessible
    • Limited funding options

    Frequently Asked Questions (FAQs)

    Q 1: Is WeTrade regulated?
    A 1: No. WeTrade holds a revoked (United Kingdom) Financial Conduct Authority license and an offshore regulated (Saint Vincent and the Grenadines) Financial Services Authority license.
    Q 2: Does WeTrade offer the industry-standard MT4 & MT5?
    A 2: Yes. WeTrade supports MT4.
    Q 3: What is the minimum deposit for WeTrade
    A 3: The minimum initial deposit to open an account is $100.
    Q 4: Is WeTrade a good broker for beginners?
    A 4: No. WeTrade is not a good choice for beginners. Though it advertises very well, it lacks legitimate regulations.

    User Reviews

    Sort by content

    • Sort by content
    • Sort by time

    User comment

    6

    Comments

    Write a review

    董98129
    more than one year
    I used to have my best trading experience with WeTrade for 5 years, but I cannot open its official website now. I tried to contact my previous account manager, but I failed…
    2023-02-24 15:07
    Reply
    0
    0
    Ricci Leonardo
    more than one year
    What's going on? Why can't the site get in?! Could it be that there is a problem with my network again, or has this broker run offshore? So confusing, oh my Gosh!
    2023-02-13 16:29
    Reply
    0
    0
    不负
    more than one year
    Zhonghui's fees are quite transparent, there are no hidden fees, and there are a lot of educational resources and related support, which is very friendly to novices. The trading environment is not bad, and the account manager is quite professional.
    2022-12-14 14:52
    Reply
    0
    0
    ヾ杨杨
    more than one year
    I really don't want to remember my miserable experience, but I hope more people can read my review and stay away from this scammer. Do not trade with WeTrade! They're rigging the system behind your back to steal investors' money, and then excuse themselves by saying that it's all because the forex market itself is extremely risky.
    2022-11-27 10:56
    Reply
    0
    0
    A. 安于此生
    more than one year
    This broker is currently not subject to any legal regulation and the website is inaccessible. The overwhelming amount of complaints online makes me feel that this broker is probably a scammer. Still, be careful and never put your money in the hands of an unregulated broker.
    2022-11-24 12:05
    Reply
    0
    0
    FX1029549370
    more than one year
    They are big frauds! I’ve deposited $2,000 till now was not credited, they are completely scams. Anybody who has such experience? Maybe we can work together to raise complaint on them.
    2022-11-23 18:14
    Reply
    0
    0
    7
    TOP
    Select Country/District
    United States
    ※ The content of this website abides with local laws and regulations.
    You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
    consumer hotline:006531290538
    Official Email:support@wikifx.com;
    Mobile Phone Number:234 706 777 7762;61 449895363
    Telegram:+60 103342306
    Whatsapp:+852-6613 1970;+44-7517747077
    License or other information error corrections, please send the information to:qawikifx@gmail.com
    Cooperation:fxeyevip@gmail.com