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Rankings
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Score

0 1 2 3 4 5 6 7 8 9
.
0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10
The WikiFX Score of this broker is reduced because of too many complaints!

WELTRADE

Saint Vincent and the Grenadines | 15-20 years | Environment D |
Regulated in South Africa | Financial Service Corporate | MT4 Full License | Regional Brokers | Belize Retail Forex License Revoked | Suspicious Overrun | High potential risk

http://www.weltrade.com

Website

Rating Index

Environment

Environment

D

Average transaction speed (ms)

856.5 Poor

MT4/5

Full License

Weltrade-Demo

United Kingdom
MT4
12

Influence

A

Influence index NO.1

Colombia 7.66
The WikiFX Score of this broker is reduced because of too many complaints!

Environment

Speed:D

Slippage:D

Cost:C

Disconnected:A

Rollover:D

MT4/5 Identification

MT4/5 Identification

Full License

12
Server Name
Weltrade-Demo MT4
Server Location United Kingdom

Influence

Influence

A

Influence index NO.1

Colombia 7.66
Surpassed 25.00% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

+44 20-34116458
info@weltrade.com
http://www.weltrade.com
Suite 305, Griffith Corporate Centre, PO BOX 1510, Beachmont, Kingstown, Saint Vincent and the Grenadines
Keywords 10
15-20 years
Regulated in South Africa
Financial Service Corporate
MT4 Full License
MT5 Full License
Regional Brokers
Belize Retail Forex License Revoked
Belarus Retail Forex License Revoked
Suspicious Overrun
High potential risk
Warning: Low score, please stay away!
2025-06-08
  • The number of the complaints received by WikiFX have reached 13 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
6

Basic Information

Registered Region
Saint Vincent and the Grenadines
Operating Period
15-20 years
Company Name
Systemgates Ltd
Abbreviation
WELTRADE
Company employee
--
Customer Service Email Address
info@weltrade.com
Contact Number
+442034116458
Company Website
Company address
Suite 305, Griffith Corporate Centre, PO BOX 1510, Beachmont, Kingstown, Saint Vincent and the Grenadines

Atiik_nrhfz

Unverified

Indonesia

I have known this broker since 2018 and have been actively trading there. So far, everything has been fine. However, recently in 2025, there have been some changes compared to previous years, where several issues have frequently occurred, including: 1. Withdrawals are often delayed and sometimes even canceled. 2. When trading during major news events, the server often becomes unstable, even though the internet connection is very good. 3. The customer service that used to be responsive now tends to ignore customer complaints.

Exposure

03-08

FX9600937202

Unverified

Indonesia

when the market was normal I entered the Hang Seng Index position but I was surprised because the price was far above the quote price in the market... then I quickly liquidated it but again the liquid price was not on the chart and instead made my equity minus

Exposure

03-07

InvestorFx

Authenticated
Verified

Thailand

I am writing this letter to request your assistance in mediating a withdrawal dispute that has been delayed and lacks communication from WELTRADE SA (PTY) LTD Broker for 15 days. The details are provided in the attached evidence, and if you require any additional documents, please feel free to contact me immediately.

Exposure

02-20

Ekaterina Kirichenko

Unverified

Argentina

Was a surprise that I can withdraw in 5 min Also liked the app

Positive

04-29

FX3820888853

Unverified

Uruguay

I have been trading with Weltrade for a while now and I am really happy.😀 It is a broker with almost 19 years of experience, which gives a lot of confidence. I have never had any problems with withdrawals, the trades are executed quickly and the spreads are quite low. I like that they offer many instruments to trade, including Forex, cryptocurrencies, metals, and even synthetic indices❤️❤️❤️❤️. In addition, their copy trading platform is very easy to use, ideal if you want to follow more experienced traders. Another positive point is their customer support, they always respond quickly and with a good attitude. They also have interesting promotions that are really worth it. Overall, Weltrade seems to me a very serious and transparent broker. I recommend it if you are looking for a safe place to trade and of course withdraw money! 🤑

Positive

04-29

HiveFx

Unverified

Thailand

Brokers like to increase the spread and stop level randomly.

Neutral

03-09

tintapudar

Unverified

Singapore

Not Without Reason, I Give This Slogan to WELTRADE, because this Broker is suitable for beginners and professionals. They are very transparent in handling questions and issues, from deposits to withdrawals, because their Customer Service team is always online 24/7. Trading here spoils clients, because Weltrade has low spreads and fast order execution, as well as a data verification process that only takes seconds. Two important things that, in my opinion, add value here, first, they have proven to pay my withdrawal/profit, second, they have proven to provide prize money from one of the trading competitions I participated in. I recommend to any trader/investor reading my review, to make Weltrade a good investment place in the future. GOD Save Good Traders

Positive

03-05

achmad1012

Unverified

Malaysia

Best broker👬

Positive

02-09

FX1562791659

Unverified

Indonesia

Broker Weltrade has deceived millions of clients from Indonesia and cheated hundreds of affiliates (IB) in Indonesia. Broker Weltrade has blocked my affiliate account and refused to pay my substantial affiliate commissions. Anyone who is associated with Weltrade, AVOID THIS BROKER IMMEDIATELY, YOU WILL REGRET IT, BELIEVE ME..

Exposure

2024-12-18

Dellry

Unverified

South Korea

WELTRADE, let me tell you, their spreads are killer low and their customer support is on point! They're always there to lend a helping hand and make trading a breeze. If you're on the hunt for a great broker,

Positive

2024-07-22

Komandan Pokemon

Unverified

Indonesia

PLEASE IMMEDIATELY BLOCK THE WEBSITE PLATFORM OF THE WELTRADE BROKER, THIS BROKER HAS DECEIVED HUNDREDS OF THOUSANDS OF CLIENTS FROM INDONESIA, THEY DON'T PAY PROFITS AND TAKE CLIENT DEPOSIT FUNDS UNDER THE GUESS OF VARIOUS PROMOTIONS, THEY REALLY DON'T PAY MY PROFITS AND DELETE THE AMOUNT OF $5190 AND DO NOT REFUND MY DEPOSIT IS $950!!!! PLEASE FOR ANY TRADER WHO READS THIS REVIEW IMMEDIATELY STAY AWAY FROM FRAUDULENT BROKER AND BIG ROBBER "WELTRADE"..

Exposure

2024-05-23

TYUIK

Unverified

Argentina

It's not profitable for trading cryptocurrency on it, the adjustment of swap rates as well as expanding the spread are very frequently done, trading on bitcoin used to have $500 spread, but as the recent rises of bitcoin pushed up the spread to $900+ as well, MATIC token is the worst case. It used to be some $0.004 spread back in 2022, and it's now $0.014 with very expensive swaps to maintain the trading position.

Neutral

2024-04-19

ROKIFX

Unverified

Indonesia

Got an Eid gift from Weltrade Thank God I can still trade at any broker I like Thanks for the decision WELTRADE You taught me to be more careful in choosing a broker Rebate 2000lot canceled Withdrawal of 2000$ more not paid iPhone canceled My incident like this could happen to anyone and at any time all the hue brokers cannot be contested. I accept the decision with grace. Hopefully it can be a lesson for myself and other traders. Don't put your eggs in one basket. If they're all broken, they're all broken. Don't put your funds in one broker. Open accounts in many broker One time this incident happens to you then you still have funds at another broker wasallam Please note that the company management has decided to cancel the following withdrawal request: W14257972-260324172404 W14257972-290324040341 This order has been canceled because the profits obtained violate the company's terms and conditions, as well as due to overestimation of trade turnover. Additionally, prizes received from Wellbox promotions were obtained illegally. As a result, trading proceeds of 2295.58 USD have been deducted from your trading account 14257972 31.12. The Company reserves the right in its sole discretion to refuse a Client's participation in a WelBox promotion, deactivate a promotion for any client, suspend a Client's participation in a promotion, refuse to credit the cash amount of a claimed WelBox Prize, or in any other case. a way to limit the Client's participation in the promotion if trading manipulation or violation of trading conditions is detected, multiple registrations under the same partner or reference, trading activity aimed solely at fulfilling the main conditions, or calls to existing clients to register new accounts , or in other cases. In cases like this, the Company does not need to provide an explanation. Jik

Exposure

2024-04-10

ROKIFX

Unverified

Indonesia

The affiliate program and all referrals have been disconnected from your profile; - the Welbox Iphone Prize rejected; - Welbox promotions are blocked for your profile. the iPhone prize was canceled, the referral partner was all issued even though he had traded more than 1,800 lots, withdrawn more than $2,000 and several other withdrawals had not been received for several days.

Exposure

2024-03-31

Prabhakar

Unverified

India

My 1100usd withdrawal pending money deducted from account not sending to my litcoin wallet they offer 30min withdrawal but already 1 day no response chat support ignore me telling they send a mail . No response I feel I got scammed My ID- 912928

Exposure

2023-10-20

Akash4251

Unverified

India

they rejected the withdrawal

Exposure

2023-03-30

Alprian

Unverified

Indonesia

Withdraw canceled with this broker Dont use this Broker They are SCAMMER

Exposure

2023-03-30

FX1865283510

Unverified

Indonesia

Initially, I was lured in with an Iphone prize, I had to complete 600 lots. In the end I accepted the challenge with a deposit of 2000 $ with an additional bonus for margin resistance of 4000 $ (only for resistance cannot be withdrawn) In total I completed trades of almost 300 lots with a total profit of 3400 $ more. Accusations against me were 3 1 price manipulation 2 cheating on the market3 creating a fake profile, these accusations don't make sense in my opinion because before registering, I also carried out the KYC process and various other conditions. That was just an excuse for the company not to pay my profits. $ and the winnings so far 3400$ were canceled unilaterally. Likewise my lots were reset to 0. I urge you to be careful with this fraudulent broker.

Exposure

2023-03-12

FX1289289812

Unverified

India

WELTRADE’s trading platform is easy to use and they offer competitive spreads. Their trading signals are not bad. Anyway, I am quite satisfied with this broker.

Positive

2023-02-27

raimuha

Unverified

Bulgaria

Great Broker. I don't understand why so low rate??? Work with them 9 years - never had a problems with funds. Support very helpful - without serious issues. Trading smooth, even if compare with TOP Brokers - charts never had a problem. I strongly recommend!

Positive

2022-12-17

Maybe.

Unverified

Ecuador

So far my experience with weltrade has been good. I have access to multiple assets and platforms, as well as many educational resources. Their leverage is also high, 1:1000, but I am still a beginner as I never use such high leverage. I am still learning and the advisers at weltrade have helped me a lot. I hope you keep winning!

Positive

2022-11-21

dung89801

Unverified

Vietnam

I have invested 1500$ in weltrade exchange (https://www.weltrade.com/), according to the floor's invitation about the bonus program: trading bonus is 3015$, deposit bonus is 1500$. I traded and got more than 3500$ profit. At the same time, completing the terms of the bonus program, I withdraw the money. However, after withdrawing more than $3000, the exchange locked the account with the allegation of proof of fake identity registration. This is very unreasonable because as soon as I opened my account, I passed KYC by submitting my identity card and of course approved by weltrade. After that, the floor also asked me to provide other documents such as invoices, portraits holding ID cards ... and all were approved by weltrade floor. I also passed the verification VIDEO call from weltrade via Skype. I absolutely do not violate the things that the exchange stated in the notice. I have sent an email to commit my account, my documents are real and genuine, as well as asking for proof, but have not received a response. Please consider my complaint.

Exposure

2022-08-30

dung89801

Unverified

Vietnam

I have invested $1500$ in weltrade exchange (https://www.weltrade.com/), according to the invitation of the exchange about the bonus program: trading bonus is 3015$, deposit bonus is 1500$. I traded and got more than 3500$ profit. Also fulfill the terms of the bonus program. However, after withdrawing more than $3000, the exchange locked the account with the allegation of proof of fake identity registration. This makes no sense because as soon as I opened my account, I passed KYC by submitting my identity card and of course approved by weltrade. After that, the floor requested and I also provided other documents such as invoices, portraits holding ID cards... and all were approved by weltrade. I also passed the verification VIDEO call from weltrade via Skype. I absolutely do not violate the things that the exchange stated in the notice. I have sent an email to confirm my account, my documents are real and genuine, as well as requesting proof, but have not received a response.

Exposure

2022-08-10

24
Account
Related Software
Environment
Marketing Strategy
Biz Area
Website
Genealogy
Relevant Enterprises
Employees
Company Summary
Disclosure
News
Comment
Related Software
Full License MT4
Full License MT5
2
MT4 Servers
2
MT5 Servers
206.61
velocityIcon
Average execution speed/ms

Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong

Meta Trader 4
Perfect
Meta Trader 5
Perfect

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Environment

Average transaction speed(ms)
856.5 Poor
The highest transaction speed(ms)
16 Perfect
The highest speed of opening positions(ms)
16 Perfect
The highest speed of closing position(ms)
16 Perfect
The lowest speed of opening positions(ms)
1993 Poor
The lowest speed of closing position(ms)
1993 Poor
21.79USD/Lot Poor
33.91USD/Lot Good
Long: -8.03USD/Lot    Short: -3.77USD/Lot Poor
Long: -21.18USD/Lot    Short: -14.77USD/Lot Poor
Average slippage
-0.1 Great
Maximum transaction slippage
28 Poor
Maximum positive slippage
-1 Good
Maximum negative slippage
28 Poor
Average disconnection frequency (times/day)
0.1 Perfect
Average reconnection time (millisecond/per request)
95.2
Ranking: 129 / 130
Test user 1,161
Orders 28,542
Ocuppied margin $3,812,050 USD
Data Source
WikiFX Data provide
Updated: 2025-06-06 01:00:00
Sources
Language
Mkt. Analysis
Creatives

Website

Most visited countries/areas
Laos
weltrade.center
172.67.171.97
weltrade.online
104.21.80.1
weltrade.group
172.66.43.54
weltrade.site
172.67.214.46
weltrade.in
172.67.140.184
weltrade.business
172.66.43.23
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Genealogy

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Relevant Enterprises

SYSTEMGATES LTD.(Cambodia)
Active
Cambodia
Registration No.
00046412
Established
2019-08-20
SYSTEMGATES CAPITAL LTD.(Belize)
Inactive
Belize
Registration No.
RA000693_146462
Established
--

Company Summary

WELTRADE Review Summary
Founded2006
Registered Country/RegionSaint Vincent and the Grenadines
RegulationNBRB/FSC (Revoked), FSCA (Exceeded)
Market InstrumentsForex, metals, index CFDs, commodities, stock CFDs
Demo Account
SpreadFloating from 1.5 pips (Micro account)
LeverageUp to 10000x
Trading PlatformMT4, MT5, Weltrade App
Minimum DepositUSD 1
Customer SupportLive chat, FAQ
Social platforms: Facebook, LinkedIn, Instagram
Email: info@weltrade.com
Registered Address: Unit Suite 305, Griffith Corporate Centre, PO BOX 1510, Beachmont, Kingstown, Saint Vincent and the Grenadines
Email and registered offices in other countries: https://www.weltrade.com/customersupport/
Restricted RegionsUSA, Canada, EU, Belarus and Russia

WELTRADE Information

WELTRADE was initially registered in Saint Vincent and the Grenadines and also now operates in dozens of countries worldwide. The broker offers a wide range of trading services in forex, metals, index CFDs, commodities, stock CFDs. It offers a demo account for you to get familiar with the platform and your trading strategy. Besides, four tiered live accounts are available to suit different levels of investors.

Traders can excute trades on the well-acclaimed MetaTrader 4 and 5 platforms, as well as the broker's self-developed Weltrade App. Trading tools such as trading/pip/profit/Fibonacci calculators, tradingview charts and economic calenders are available to enhance trading efficiencies.

Moreover, the broker offers a series of educational resources including webinars and seminars, MetaTrader guides, indicators, etc to help traders better understand the financial world and trading.

However, one fact that cannot be neglected is that although the broker claims to be regulated by the NBRB, FSC, and FSCA, none of them is normal.

WELTRADE's homepage

Pros and Cons

ProsCons
Demo accountsRevoked NBRB and FSC license
MT4 and MT5 platformsExceeded FSCA license
Multiple trading toolsAbnormal high leverage levels
Affordable minimum deposit
Promotion programs
No trading commissions
Rich educational resources

Is WELTRADE Legit?

No. WELTRADE currently has no valid regulations. It only holds revoked NBRB and FSC licenses, and an exceeded FSCA license. Please be aware of the risk!

Regulated CountryRegulatorCurrent StatusRegulated EntityLicense TypeLicense No.
Belarus
National Bank of the Republic of Belarus (NBRB)RevokedLLC SystemGates LimitedRetail Forex License192727233
Belize
Financial Services Commission (FSC)RevokedSystemgates Capital Ltd.Retail Forex LicenseIFSC/60/350/TS/17
South Africa
Financial Sector Conduct Authority (FSCA)ExceededWELTRADE SA (PTY) LTDFinancial Service Corporate50691
Revoked NBRB license
Revoked FSC license

Exceeded FSCA license

What Can I Trade on WELTRADE?

Trading InstrumentsSupported
Forex
Metals
Index CFDs
Commodities
Stock CFDs
Cryptocurrencies
Bonds
Options
ETFs

Account Type

WELTRADE not only offers a demo account for you to simulating real trading with virtual funds before tapping into real trading, but also four tiered live accounts with different traidng conditions to suite various levels of investors and different products:

Account TypeMinimum DepositAccepted CurrenciesSpreadCommission
MicroUSD 1Cents USD, cents EURFloating from 1.5 pips
ProUSD 100USDFloating from 0.5 pips
PremiumUSD 25USD, EURFloating from 1.5 pips
SyntXUSD 1USDFloating
Account comparison

Leverage

WELTRADE offers leverage up to 10000x, which is not normal among most brokerage companies. Usually leverage not only signifies profits, but also losses, thus it's strongly recommended that you should deal with leverage with this broker in extreme caution.

Account TypeMaximum Leverage
Micro1:1000
Pro
Premium
SyntX1:10000

Trading Platform

WELTRADE claims to use the world renowned MetaTrader 4 and 5 platforms, which are well-recognized by its advanced charting tools and robust functionalities.

You can reach the platforms on web, or download app from Windows, mobiles phones and Mac.

Besides, the company also developed its own trading platform WELTRADE App, downloadble from both iOS and Android devices.

Trading PlatformSupportedAvailable DevicesSuitable for
MT4iOS, Android, Windows, MacOS, WebBeginners
MT5iOS, Android, Huawei, Windows, MacOS, WebExperienced traders
Weltrade AppiOS, Android/
MT4
MT5
Weltrade App

Deposit and Withdrawal

WELTRADE supports several funding methods:

Payment MethodAccepted CurrenciesDeposit FeeWithdrawal FeeDeposit TimeWithdrawal Time
VISA/MASTERCARD/UNIONPAYUSD4% + 2 USDInstantaneous30 min, 24/7
Skrill1%
NetellerUSD, EUR2% (min. $1.00)
IDLBIDRSender's bank tariffWithin 24 hours
FasaPayUSD, IDR0.5% (min. $0.01, max. $5.00)Instantaneous
Deposit
Withdrawal

Keywords

  • 15-20 years
  • Regulated in South Africa
  • Financial Service Corporate
  • MT4 Full License
  • MT5 Full License
  • Regional Brokers
  • Belize Retail Forex License Revoked
  • Belarus Retail Forex License Revoked
  • Suspicious Overrun
  • High potential risk

News

WELTRADE Review 2025: A Scam Forex Broker to Avoid?

Exposure WELTRADE Review 2025: A Scam Forex Broker to Avoid?

WELTRADE review 2025 exposes a risky forex broker with a 2.50 WikiFX score, unverified FSCA regulation, and no South Africa office. Users report withdrawal delays, high spreads (43.0 pips BTC/USD), and declining trust on social media. Beware of this potential scam despite its $25 minimum deposit.

2025-05-22 16:38

WELTRADE's transformation from Reliable to a Problematic Broker

Exposure WELTRADE's transformation from Reliable to a Problematic Broker

There has been a rising number of complaints about WELTRADE and the traders’ concerns about its transformation from a reliable to a not-so-reliable and scammy broker. Since 2025, its operations and security have been in question, with over 14 traders accusing it of fraud.

2025-05-14 01:55

India's most complaint brokers in October 2023

Exposure India's most complaint brokers in October 2023

Wikifx is your trusted forex partner who alerts you on a regular basis, warns you about fraudulent brokers, shares the latest forex news, and provides you with broker Reviews.

2023-11-02 15:40

ECB reveals it may have to bloom

News ECB reveals it may have to bloom

The European Central Bank says a rate hike may take longer than expected.

2023-05-16 14:08

Weltrade Announces the Annual WPC2022 Competition

News Weltrade Announces the Annual WPC2022 Competition

This year's competition for WPC2022 begins on October 3, 2022, and concludes on December 25, 2022. On December 29, 2022, the winners will be revealed.

2022-10-31 12:31

Weltrade Launches the Annual WPC2022 Contest

News Weltrade Launches the Annual WPC2022 Contest

This year’s contest starts on October 3, 2022, and ends on December 25, 2022. Winners will be announced on December 29, 2022.

2022-10-27 09:49

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