Review of Weltrade
Weltrade has three basic account types: Micro, Premium, and Pro. All are externally commissions and provide leverage of up to 1: 500, as well as micro-parts for trading.
Weltrader has partnered with Zulutrade - one of the oldest and most popular social media platforms - to provide its clients with the ability to track the signals of professional traders to control their accounts automatically.
Operating since 2006, Weltrade (previously, SystemForex) is a foreign broker offering to trade in currency pairs, various CFDs, and precious metals through the popular MetaTrader 4. Currently, the broker provides its services to clients from 18 countries, serving offices in Russia, Ukraine, Belarus, and Thailand.
System gates Capital Ltd., which owns the Weltrade brand. It has registration in Saint Vincent and the Grenadines, but does not have any licenses and does not have to meet any minimum capital requirements or segregate client funds, for instance.
How Weltrade Operates:
We advise you to choose a forex broker if you are planning to invest a big amount. Amount such as in the United Kingdom, Cyprus, USA. However, here the regulations are strict. There are compensation schemes that will protect your money if your broker becomes insolvent.
The minimum amount required to set up an account at Weltrade is $ 25. However, this is a low starting amount. It is reasonable given the liberal regulation. For comparison, ForexBrokerInc, previously registered in Belize, requires $ 100 from customers, and LiteForex only $ 10.
This platform allows both fixed and variable spreads, and all account types, except for ZuluTrade, are free of commission. Fixed spreads amount to 2 pips per EUR / USD, which is medium, and variables are tight, starting from 0.5 pips to EUR / USD. This constant spread is mediocre on the forex market. For comparison, ForexBrokerInc provides spread on average 0.7 pips on EUR / USD + 1 pip commission.
Best Forex Brokers By Countries - 2023
Top Rated Online Best Forex Brokers 2023
Thankyou for helping out, excellent info .