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Weltrade Review and Tutorial 2021

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Facts & Figures

Weltrade is an established online broker providing tight spreads & powerful tools.

Awards

• Best Foreign Broker 2019 – Asia Forex Expo
• Best Customer Service 2017 – Forex Choice
• Best Trade Executions 2015 – China FX Expo
• Best Customer Service Russia 2014 – Global Financial Market Review

Bonus None
Instruments Forex, CFDs, commodities, cryptocurrencies
Demo Account Yes
Min. Deposit $25
Pay Methods Cashu, EasyPay, Neteller, Perfect Money, Skrill, Visa
Min. Trade 0.01 lots
Regulated By None
MetaTrader 4 Yes
MetaTrader 5 Yes
cTrader No
ECN Account No
DMA Account No
Mobile Apps Yes
Auto Trading Yes
Social Trading Yes
Copy Trading No
Trade Signals Yes
Islamic Account Yes
CFD
FTSE Spread N/A
GBPUSD Spread 2.1
Oil Spread 7
Stocks Spread N/A
Leverage 1:1000
Forex

Weltrade provides leveraged trading in the highly-liquid FX market.

GBPUSD Spread 2.1
EURUSD Spread 1.5
EURGBP Spread 2.4
Assets 37
Cryptocurrency

Trade crypto-only pairs and crypto coins against fiat currencies.

Spread Floating from zero
Coins BCH, BTC, DSH, EOS, ETH, LTC, NEO, XMR, XRP, ZEC
Risk Warning – Your capital is at risk

Weltrade offers forex and commodity exchanging on a few live records, including their ZuluTrade and ECN alternatives. This agent review will visit the stage and give all you require, including guidelines, Bitcoin spreads, promotion codes, and least stores.

Weltrade Details

Weltrade was established in 2006 and is presently situated in 15 nations worldwide, with worldwide central command in Saint Vincent and the Grenadines. The specialist follows an STP model, offering liberal influence on five record types, just as a VPS administration, exchanging signals and rewards. 

Following 14 years in the forex market, the gathering has gotten 170,000 customers and is exceptionally well known in Asia, explicitly Thailand, Malaysia, Indonesia, Laos and Vietnam

Trading Platforms Review

MetaTrader 4

MT4 is an excellent stage with rich exchanging highlights intended for cutting-edge and computerized examination. Value following is made precise and straightforward, with more than 50 specialized instruments, in addition to various outline types and periods. Likewise, brokers can put orders from the Market Watch window and explore past market developments in the point-by-point History Center. 

MT4 can be downloaded onto Windows computers from the dealer’s site

MetaTrader 5

Proficient or prepared brokers will probably lean toward the MT5 terminal, working with significantly more force than MT4 and highlighting progressed apparatuses for top to bottom specialized investigation. Merchants appreciate more than 80 pre-stacked pointers and drawing instruments, just as 21 time spans. Also, clients can get to a financial schedule, Depth of Market view and exchanging robots. 

MT5 can be downloaded onto Windows computers from the intermediary’s site

MetaTrader WebTrader

The web terminal admins MetaTrader 4 and MetaTrader 5 for macOS clients or individuals who prefer not to download different programming. The web stage offers similar unwavering quality and speed as the work area adaptations, with every one of the high-level highlights required for both relaxed and full-time merchants.

Markets

There are 77 instruments on offer at Weltrade, including 37 currency pairs such as EUR/USD, 15 cryptocurrency pairs including Bitcoin, plus precious metals and oils. While the range of assets is relatively good, this review would have liked to see access to stocks and indices.

Spreads & Commissions

Spreads start at around 1.5 pips for EUR/USD with the starter Micro account, which reduces to 0.5 pips in the Pro account. Trading is commission-free at Weltrade unless you choose the ZuluTrade account, which charges 1.5 points per contract.

Traders should also be aware of swap fees charged when you carry over positions into the following day. These are tripled from Wednesday to Thursday.

Leverage

Depending on the Weltrade account you choose, maximum leverage of 1:1000 is possible. A lower limit of 1:500 is offered in the ZuluTrade account, while only 1:20 is possible in the Digital account. Traders should understand the risks when trading with high leverage.

Mobile Apps

Both MetaTrader 4 and MetaTrader 5 are available as mobile apps for iPhone (iOS) and Android (APK) users. The apps allow traders to easily transition from desktop to mobile investing, with access to essential trading features and account management tools.

ZuluTrade account holders can likewise download the application of the ZuluTrade signal. Clients can consequently execute chosen movements while in a hurry without expecting to screen the business sectors nonstop.

Payment Methods

To back accounts, Weltrade offers a lot of moment financing choices, including bank move, card installments, and e-wallets like Skrill and Neteller. You can likewise store it by digital forms of money. All techniques are without expense, aside from cryptos and bank moves, which may cause an organization or bank duty. The base store is $25, making the representative a practical alternative for some fledglings. 

Withdrawals are handled within 30 minutes, seven days per week. However, clearing times will rely upon the bank or installment processor. Withdrawal expenses range from 0.5% to 2%, yet a few free techniques, including Indonesian neighbourhood banks and Wallet One. 

Stores and withdrawals can be produced using inside the customs bureau.

Demo Account

Clients can open a preparation account stacked with $100,000 in virtual money to make ongoing exchanges and refine a procedure. Demo accounts at Weltrade don’t terminate, and there’s no financial danger implied, so clients can enjoy the brain’s harmony when perusing the stages. The intermediary additionally consistently runs demo account challenges, like the Hot 100 and Hot 200, with prizes available to anyone.

Bonuses & Promos

Weltrade has a different scope of dynamic arrangements and advancements, including prize draws for monetary compensations, on-store rewards, spinner and puzzle games, and surprisingly a chance to win an iPhone 11 Pro Max. The agent has additionally offered welcome no store rewards (NDB) and money refunds previously. 

Continuously check an advancement’s agreements before partaking.

Regulation

Weltrade, an exchanging name of Systemgates Ltd, is enrolled in Saint Vincent and the Grenadines, a well-known seaward dealer area. The company professes to be authorized. Anyway, restricted data is given around permitting conditions, which may raise trick concerns. 

Note that the Financial Service Authority in SVG won’t protect customer assets or compensation if the company becomes bankrupt.

Additional Features

There are a couple of valuable extra highlights at Weltrade, including the ZuluTrade signals administration, VPS virtual facilitating for duplicate exchange usefulness, and an advanced safe, which permits you to procure up to 12% per annum. There’s likewise a helpful exchanging mini-computer to ascertain pip esteems and edge necessities, in addition to a financial schedule.

Weltrade is a little light with regards to instructive assets, nonetheless. They do offer online workshops and preparing; however, these are just available with a membership.

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