Weltrade at a glance
International retail Forex and CFD broker offering margin trading across currencies, indices, commodities, precious metals, single stocks, digital assets, and proprietary synthetic indices on MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
Weltrade reports a founding year of 2006 and a head office in Victoria, Seychelles. It lists 2 regulators and 4 trading platforms.
BrokerBazaar verdict
Weltrade is a long-standing retail broker operating since 2006, offering MT4/MT5 trading, cent accounts, and high leverage up to 1:1000 alongside weekend synthetic indices. It is attractive for micro-balance traders and EA users, but carries significant counterparty risk due to offshore corporate registration without Tier-1 oversight.
Legal entities, regulation and licences
Weltrade operates through 2 legal entities, each supervised separately. Your account is with one specific entity, so the protections you receive depend on which one onboards you, not on the group's strongest licence. Overall, the group is supervised by no regulator we could map to a public register.
Licence check: Not independently checked. This broker has submitted its details. BrokerBazaar has not yet independently checked them. A company registration or general business licence is not permission to offer regulated brokerage services; only the register entries linked in the table count.
Countries accepted and restricted
Weltrade states that it accepts clients from Global, South Africa. Availability is decided per entity and can change without notice; residents of jurisdictions such as the USA, and often the EU and UK, are frequently excluded from offshore entities.
Trading products, platforms and account types
Instruments: Forex, Indices, Commodities, Metals, Cryptocurrencies, Synthetic Indices. Platforms: MetaTrader 4, MetaTrader 5, Weltrade App, Web Terminal. Account types: Cent Account, Pro Account, SyntX Account, Raw Spread Account, Islamic Swap-Free.
Best-for tags assigned by our team: High Leverage, Cent Accounts, Synthetic Indices, Low Minimum Deposit, MT4/MT5 Trading.
Minimum deposit, spreads, commissions and other charges
The minimum deposit is $1. Spreads start from 0.0 pips and commission is Commission on Pro account; spr…. Maximum leverage is Up to 1:1000, subject to the cap of the entity that holds your account.
Swap-free / Islamic account: not specified. Swap type: not specified. Headline spreads are usually quoted for the most expensive account tier's cheapest instrument; compare total cost for your typical trade.
Deposits and withdrawals
Deposit methods: Credit Card, Debit Card, Bank Wire, Cryptocurrencies, Skrill, Neteller. Withdrawal methods: Credit Card, Debit Card, Bank Wire, Cryptocurrencies, Skrill, Neteller.
Withdrawal speed and fees are set by the entity and payment provider. Withdrawal delays are the most common complaint category on BrokerBazaar across all brokers; keep identity documents current and withdraw to the same method you deposited with where required by anti-money-laundering rules.
Execution model, negative balance protection and client money
Negative balance protection: Not specified. Scalping allowed: Not specified. Algorithmic trading allowed: Not specified. News trading allowed: Not specified. Hedging: not specified.
Client-money rules follow the regulator of the entity that holds your account. Check that regulator's rules on its register.
Complaints and dispute process
Formal complaints: compliance@weltrade.com. Phone: +27 10 446 8056. Grievances must be submitted in writing to the compliance desk. South African residents serviced under the FSCA FSP licence may escalate unresolved disputes to the FAIS Ombud. International accounts registered under the Saint Lucia IBC operate under private commercial contract terms with no statutory investor compensation scheme.
If the broker does not resolve a complaint, escalate to the ombudsman or regulator of the entity that holds your account. BrokerBazaar's Dispute Support Desk can help you document and escalate a case.
Strengths and limitations
- Strength: Accessible $1 entry barrier on Cent, Micro, and proprietary SyntX account tiers
- Strength: High leverage ratios available up to 1:1000 on standard currency pairs
- Strength: Proprietary 24/7 synthetic indices (SyntX) allowing trading through weekends
- Strength: Full platform integration with both MetaTrader 4 and MetaTrader 5
- Limitation: Primary international onboarding entity in Saint Lucia is an unregulated IBC
- Limitation: FSCA registration covers Category I intermediary services but lacks an ODP licence
- Limitation: No statutory deposit insurance or investor compensation fund protection (e.g. FSCS or ICF)
- Limitation: Trustpilot rating is suspended due to platform guideline verification issues
Who this broker suits, and who it does not
Weltrade is most relevant to traders looking for: High Leverage, Cent Accounts, Synthetic Indices, Low Minimum Deposit, MT4/MT5 Trading.
It is less suitable for anyone who needs a strict-tier regulator in their own country of residence, for residents of restricted jurisdictions, and for beginners who have not yet understood leverage and margin. Nothing on this page is personal financial advice.
Weltrade change history
Every published fact change, with the previous value and the date it took effect. Each entry says whether the broker made the change itself or our editors checked it against an official source. Regulation and licence claims are always checked by an editor.
No fact changes recorded for Weltrade yet. Changes appear here as soon as the broker updates its profile or our editors confirm a change.
Frequently asked questions about Weltrade
Data sources. Broker submission, the regulator registers linked above, web-archive and domain records, and third-party traffic data. No independent licence check date is recorded yet. External ratings: Sitejabber 3.8/5; Trustpilot N/A/5; Google Play Store 4.6/5; WikiFX 3.58/10; Forex Peace Army 1.31/5.
Commercial disclosure. BrokerBazaar is independent and not owned by any broker. We may receive a referral fee if you open an account with Weltrade through our links; this never affects scores or verification. How we make money. Trading leveraged products carries a high risk of loss.