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2.67
/ 5
FX Scouts does NOT recommend Weltrade due to insufficient regulation. We suggest you continue your search using our approved brokers list.
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review. Please read our advertising disclosure. By using this website, you agree to our Terms of Service.
We consider that Weltrade has insufficient regulation and oversight to be considered a trusted broker. With offices only on the island of St. Vincent and the Grenadines, where rules are known for being weak and ineffective, it is better to look for a broker which is regulated by more responsible entities like the FCA, the FSCA, ASIC or CySEC.
As an MT4 broker, Weltrade is guaranteed to give you a connection to the market, but with a lack of education and withdrawal processing times and fees beyond what should be considered acceptable, it is best to find a different broker.
| 🏦 Min. Deposit | USD 25 |
| 🛡️ Regulated By | FSA-St-Vincent |
| 💵 Trading Cost | USD 15 |
| ⚖️ Max. Leverage | 1000:1 |
| 💹 Copy Trading | Yes |
| 🖥️ Platforms | MT4, MT5 |
| 💱 Instruments | Commodities, Cryptocurrencies, Forex, Stock CFDs, Indices, Metals |
We suggest that you find an alternative regulated broker governed by processes designed to protect your funds.
FX Scouts does NOT recommend Weltrade due to insufficient regulation. We suggest you continue your search using our approved brokers list.
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