Weltrade
- Trust score
- 4/10
- Legal simplicity
- 5/10
- Min. deposit
- 25
- Regulations
Features
- Seminars and training
- Low minimum deposit
- Copy trading
- Islamic accounts
- Deposit bonus
- Interest on account balance
- Spread rebates
- Affiliate program
- Wide range of trading instruments
Pros
- High-speed trade execution
- Welcome bonus of $50 with promo code BONUS50
- Withdrawals processed within 30 minutes
- Execution under 1 second, no commission, no slippage, half-pip spreads
- Spin bonus and Astro Card bonus promotions
- Low-cost trading on US stocks
- 13 years in the market
- Regulated, with nine local offices across multiple countries, including China
- Pro account with no commission and half-pip spreads
- Leverage up to 1:1000 with negative balance protection
- BTCUSD trading with spreads from $20 and no commission
- Withdrawals within 30 minutes and no deposit fees
- No slippage, no freezing, fast execution
- Trading contest: trade 2 lots for a chance to win $500-3,000
Cons
- Some users report losing deposits and call the broker a scam.
Updated:
Weltrade, formerly SystemForex, was founded in Russia in 2006 and rebranded in 2012 after consolidating several companies to expand into Asian markets. The STP broker now serves traders across Russia, Ukraine, Belarus, Kazakhstan, Thailand, Indonesia, Vietnam, Colombia, and other countries. It offers leverage up to 1:2000, a $25 minimum deposit, and copy trading through ZuluTrade, and holds an IFSC license issued in Belize, an offshore jurisdiction with lighter regulatory oversight than tier-1 regulators.
Weltrade is an offshore STP broker offering a $25 minimum deposit, copy trading via ZuluTrade, Islamic accounts, and a wide range of trading instruments.
Company Overview
Weltrade, formerly known as SystemForex, is a brokerage founded in Russia in 2006. It rebranded to Weltrade in 2012 after consolidating several companies under one entity to expand into the Asian market. The broker operates on an STP (Straight Through Processing) model and serves traders in Russia, Ukraine, Belarus, Kazakhstan, Thailand, Indonesia, Vietnam, Colombia, and other countries.
Trading Conditions
- Minimum deposit of $25.
- Leverage up to 1:2000.
- Cent and swap-free (Islamic) accounts available.
- Support for automated trading advisors (Expert Advisors).
- Withdrawals available seven days a week.
- 35 currency pairs, 4 precious metals on spot, spot products, and 9 index CFDs.
- Copy trading through the ZuluTrade platform.
- VPS servers available for uninterrupted automated trading.
Bonuses and Promotions
- 100% bonus on deposits of $200 or more.
- "Safe" service paying 12% annual interest on the account balance.
- "Piggy" service refunding up to $2 per lot traded.
- Demo-account trading contests with prize pools of up to $5,000.
- Weltrade Club loyalty program.
Funding, Education and Support
- More than 30 funding methods, all commission-free.
- Video courses, workshops, webinars, and daily market analysis.
- 24/7 technical support.
- Affiliate program for additional income.
Regulation
Weltrade operates under the brand Weltrade Systemgates Capital Ltd and holds license IFSC/60/350/TS/15-16, issued by Belize's International Financial Services Commission in December 2015. Belize is an offshore jurisdiction with lighter regulatory oversight than tier-1 regulators.
Account Changes
Weltrade closed all PAMM accounts starting March 1, 2017, citing changes in company strategy and technical limitations.
