Weltrade is a long-running broker founded in 2006. It lacks Tier-1 regulatory oversight and holds only a mid-tier FSCA licence. Multiple sources caution about withdrawal delays and lack of regulatory transparency.
- Minimum Deposit: $25
- Trust Score: 35
- Tradeable Symbols (Total): 266
| Education | |
| Range of Investments | |
| Trading Fees | |
| Trading Platforms | |
| Research | |
| Mobile Trading |
Table of Contents
My top takeaways for Weltrade:
- Low $25 minimum deposit and supports MT4, MT5, and ZuluTrade copy trading.
- No Tier-1 regulatory authorisation; SVG registration is not a financial licence.
- Spreads start from 0.5 pips on Pro accounts.
- Multiple user complaints exist regarding withdrawal delays.
Weltrade Pros & Cons
Pros
- ✓Low minimum deposit from $25, accessible for beginner traders.
- ✓Supports MT4 and MT5 platforms with copy trading via ZuluTrade.
- ✓Competitive spreads from 0.5 pips on Pro accounts.
- ✓Fast withdrawals reported by many users, with 30+ deposit/withdrawal methods.
- ✓Proprietary WebTrader and Weltrade App available for mobile and web trading.
Cons
- ✗Lacks strong Tier-1 regulatory oversight (FCA, ASIC), raising safety concerns.
- ✗Some users report withdrawal delays, account freezes, and support issues.
- ✗Limited range of 37 forex pairs and ~266 total instruments compared to peers.
- ✗SVG registration is not a genuine financial licence; only FSCA provides oversight.
Trust Score
Weltrade has a Trust Score of 35 out of 99.
| Feature | |
|---|---|
| Year Founded | 2006 |
| Publicly Traded (Listed) | No |
| Bank | No |
| Trust Score | 35 |
| Tier-1 Licenses | 0 |
| Tier-2 Licenses | 1 |
| Tier-3 Licenses | 0 |
| Tier-4 Licenses | 1 |
Range of Investments
| Feature | |
|---|---|
| Tradeable Symbols (Total) | 266 |
| Forex Pairs (Total) | 37 |
| U.S. Stocks | No |
| Global Stocks | No |
| Copy Trading | Yes |
| Crypto (Underlying) | No |
| Crypto (CFDs) | Yes |
Fees
| Feature | |
|---|---|
| Minimum Deposit | $25 |
| Avg Spread EUR/USD | 1.50 |
| All-in Cost EUR/USD | N/A |
| PayPal | No |
| Skrill | No |
| Bank Wire | Yes |
Trading Platforms
| Feature | |
|---|---|
| Virtual Trading (Demo) | Yes |
| Web Platform | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | Yes |
| Mobile App | Yes |
Expert Take
Weltrade may appeal to beginners in underserved regions thanks to its low deposit, but the absence of Tier-1 regulation and multiple withdrawal complaints are significant red flags.
Weltrade Star Ratings
| Feature | Weltrade |
|---|---|
| Overall Rating | 3.2/5 |
| Trust Score | 35 |
| Education | 2.5/5 |
| Range of Investments | 2.5/5 |
| Trading Fees | 3.5/5 |
| Trading Platforms | 3.5/5 |
| Research | 2/5 |
| Mobile Trading | 3/5 |
