Weltrade

  • Name:Weltrade
  • Website:http://www.weltrade.com/
  • Location:Belarus China India Indonesia Russian Federation Thailand Ukraine
  • Found in:2006
  • Regulation Authority:NSSMC(Ukraine)
Editorial Rating:
2.83
Accept US Traders:
No

Weltrade.com

Weltrade was established in 2006 and is a trading brand of the established brokerage company Systemgates Ltd. Employing 65 FX trading professionals, Weltrade is now able to serve more than 100,000 customers hailing from 18 different countries around the world.

Thanks its global reach this Forex broker is now firmly set amongst the top 20 brokers in Europe and, despite not serving US customers, the site is available in multiple languages, including: Chinese, English, Russian, Thai and Ukrainian.

Because Weltrade has established itself as a reputable European broker with international appeal, this online FX broker is required to abide by certain safety measures. One of these is ensuring that all client funds are segregated away from the broker’s operating capital. Weltrade does this by locking each customer’s money away dedicated accounts at HSBC, Barclays and Citibank.

Weltrade.com’s Special FX:

Making money in the Forex world is great but physically getting your hands on it is even better. Weltrade.com knows this fact all too well which is why the site has implemented a 30 minute cashout policy.

Unlike some brokers who impose long waiting times for withdrawals, Weltrade guarantees to process every user’s requests within half-an-hour and to their desired payment method. Such methods include: credit/ debit cards, CashU, moneybookers, OKPay, W1 and wire transfer to name but a few.

Another unique feature of Weltrade’s online platform is a 5% annual interest rate. Each user is able to earn extra money on their balance simply by holding an account and trading at Weltrade. For example, a user with a balance of $10,000 could earn an extra $500 just by holding an account with this broker.

The final selling point of Weltrade is its My Safe option. Designed to be a secure electronic payment system, this feature allows traders to easily transfer money to and from the site as well as store it in a dedicated wallet. This added layer of efficiency and protection is something that will be of particular use to high volume traders.

The Essentials:

Depending on which account option a user wishes to use, Weltrade offers three trading platforms: MetaTrader 4, MetaTrader 4 and cTrader. Across all three of the accounts MetaTrader 4 is a constant, while cTrader is only available on Weltrade’s ECN (Electronic Communication Network) account.

Micro Account:
Minimum account size = $20
Minimum position size = 0.1 lot
Fixed spreads from 2 pips on major currency pairs.
Scalping and Expert Advisors are allowed.
Leverage = 1:500
Trading platforms offered: MetaTrader 4 and MetaTrader 5
Digits quoted after the comma = 4
Margin call level = 20%
Stop-out level = 5%
Minimum distance to stop/limit orders = 10 pips
Number of currency pairs available = 43

Premium Account:
Minimum account size = $200
Minimum position size = 0.1 lot
Fixed spreads from 2 pips on major currency pairs.
Scalping and Expert Advisors are allowed.
Leverage = 1:500
Trading platforms offered = MetaTrader 4 and MetaTrader 5
Digits quoted after the comma = 4
Margin call level = 20%
Stop-out level = 5%
Minimum distance to stop/limit orders = 10 pips
Number of currency pairs available = 43

ECN Account:
Minimum account size = $500
Minimum position size = 0.01 lot
Variable spreads from 2.2 pips with a minimum spread on major currency pairs from 0 pips.
Scalping and Expert Advisors are allowed.
Leverage = 1:500
Trading platforms offered = MetaTrader 4 and cTrader
Digits quoted after the comma = 4 or 5 (depending on the currency pair)
Margin call level = 100%
Stop-out level = 50%
Number of currency pairs available = 33

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