Weltrade
3.00 (260 Reviews)
Contact
29 Valerie Crescent, Fairland, Johannesburg, 2170, South Africa
Regulatory & Licensing Information:
-
- Regulatory Authority: Financial Sector Conduct Authority (FSCA) of South Africa
- License Number: 50691
- Status: Active
Verification:
- Broker's Claims: Weltrade asserts that it is authorized and regulated by the FSCA in South Africa, ensuring compliance with regional financial standards.
- Verified Information: Independent reviews confirm Weltrade's regulatory status with the FSCA. However, the FSCA is considered a Tier-2 regulator, which may not provide the same level of oversight as top-tier regulatory authorities.
Regulatory Warnings:
- Issuing Body: None
- Date of Warning: Not applicable
- Details: There are no known regulatory warnings against Weltrade.
Client Feedback
Weltrade has received mixed reviews within the trading community. Some clients appreciate the broker's fast withdrawal processing times and responsive customer support, while others have raised concerns about the limited asset selection and the broker's regulatory status
Tags:
Forex Broker
Account & Cost
| Trading Platforms | MT4,MT5 |
|---|---|
| Minimum Deposit | $1 |
| Deposit Options | Bank Wire, Credit/Debit Card, Cryptocurrency, Local Transfers |
| Withdrawal Options | Bank Wire, Credit/Debit Card, Cryptocurrency, Local Transfers |
| Max Leverage | Up to 1:1000 |
| Minimum Trade Volume | 0.01 |
| Margin Call Level | 20% |
| Stop Out Level | 10% |
| Commission | NA |
| Spread Type | Variable, starting from 1.9 pips |
| Account Currencies | USC |
| Trading Instruments | Forex, Metals |
| Special Promotions | NA |
| Additional Features | NA |
| Customer Support | Available 24/7 via email, live chat, and phone |
| Islamic | ✔ |
| EA | ✔ |
| Hedging | ✔ |
| Scalping | ✔ |
| NBP | ✔ |
| Trading Platforms | MT4,MT5 |
|---|---|
| Minimum Deposit | $200 |
| Deposit Options | Bank Wire, Credit/Debit Card, Cryptocurrency, Local Transfers |
| Withdrawal Options | Bank Wire, Credit/Debit Card, Cryptocurrency, Local Transfers |
| Max Leverage | Up to 1:1000 |
| Minimum Trade Volume | 0.01 |
| Margin Call Level | 10% |
| Stop Out Level | 10% |
| Commission | NA |
| Spread Type | Floating, starting from 1.9 pips |
| Account Currencies | USD, EUR |
| Trading Instruments | Forex, Metals, Commodities |
| Special Promotions | NA |
| Additional Features | NA |
| Customer Support | Support: Available 24/7 via email, live chat, and phone |
| Islamic | ✔ |
| EA | ✔ |
| Hedging | ✔ |
| Scalping | ✔ |
| NBP | ✔ |
| Trading Platforms | MT4,MT5 |
|---|---|
| Minimum Deposit | $500 |
| Deposit Options | Bank Wire, Credit/Debit Card, Cryptocurrency, Local Transfers |
| Withdrawal Options | Bank Wire, Credit/Debit Card, Cryptocurrency, Local Transfers |
| Max Leverage | Up to 1:1000 |
| Minimum Trade Volume | 0.01 |
| Margin Call Level | 20% |
| Stop Out Level | 10% |
| Commission | NA |
| Spread Type | Variable, starting from 0.5 pips |
| Account Currencies | USD |
| Trading Instruments | Forex, Metals, Commodities |
| Special Promotions | NA |
| Additional Features | NA |
| Customer Support | Forex, Metals, Commodities |
| Islamic | ✔ |
| EA | ✔ |
| Hedging | ✔ |
| Scalping | ✔ |
| NBP | ✔ |
| Trading Platforms | Zulutrade |
|---|---|
| Minimum Deposit | $200 |
| Deposit Options | Bank Wire, Credit/Debit Card, Cryptocurrency, Local Transfers |
| Withdrawal Options | Bank Wire, Credit/Debit Card, Cryptocurrency, Local Transfers |
| Max Leverage | Up to 1:500 |
| Minimum Trade Volume | 0.01 |
| Margin Call Level | 20% |
| Stop Out Level | 10% |
| Commission | $3 per lot |
| Spread Type | Floating, starting from 1.5 pips |
| Account Currencies | USD,EUR |
| Trading Instruments | Forex, Metals |
| Special Promotions | NA |
| Additional Features | Access to copy trading; suitable for traders who prefer automated strategies |
| Customer Support | Available 24/7 via email, live chat, and phone |
| Islamic | ✔ |
| EA | ✔ |
| Hedging | ✔ |
| Scalping | ✔ |
| NBP | ✔ |
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