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WELTRADE -

Score

2.51 /10
Danger

WELTRADE

Saint Lucia

15-20 years

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

Benchmark

C

Influence

A

Add brokers

Comparison

Quantity 40

Exposure

Open Account
Website

Score

Regulatory Index3.51

Business Index9.02

Risk Management Index0.00

Software Index8.93

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Danger

ID BAPPEBTI
2022-09-20
Bappebti Blocks 760 Website Domains, Reminds of the Risk of Transactions in Unlicensed PBK Entities
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Danger

MY SCM
2022-01-01
INVESTOR ALERT LIST
WELTRADE

Broker Information

More

Company Name

Weltrade Ltd

Company Abbreviation

WELTRADE

Platform registered country and region

Saint Lucia

Company website

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Company summary

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 6
Previous Detection : 2025-10-09
  • WikiFX has received a total of 38 user complaints against this broker, please be aware of the risks and do not be scammed!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Survey

Danger

WELTRADE

South Africa

WikiFX Verification

WELTRADE · Benchmark
Average transaction speed(ms)
889.3 Poor
The highest transaction speed(ms)
16 Perfect
The highest speed of opening positions(ms)
47 Perfect
The highest speed of closing position(ms)
16 Perfect
The lowest speed of opening positions(ms)
1999 Poor
The lowest speed of closing position(ms)
1999 Poor
Ranking： 110 / 125
Test user 1,265
Transactions 16,340
Ocuppied margin $3,841,834 USD
Data Source WikiFX Data provide
Updated: 2025-10-08 01:10:00

Exposure

40 pieces of exposure in total
Pyramid scheme complaint
Expose
Others

WELTRADE market delay

WELTRADE's market delay wiped out my investment of 95 million rupiah. Last Wednesday, after the Federal Reserve meeting, the USD/IDR exchange rate showed 15.280, but when I placed an order, a message appeared saying 'Price updated to 15.350'—a 70-pip difference, resulting in a loss of 4.2 million rupiah! Even worse, my stop-loss order at 15.300 was not triggered due to the delay, and by the time it was executed, the price had already reached 15.380. This 80-pip difference wiped out my account.

2025-08-28 20:34
Scam

วันนี้การเทรดของผมพั

วันนี้การเทรดของผมพังพินาศไปเลยเพราะระบบห่วยๆ ของทีมไทยของคุณ! ราคาอัพเดทช้ากว่าตลาดไปสิบนาที แถมการตั้งค่า Stop Loss ของผมก็ใช้การไม่ได้อีกต่างหาก กว่าจะเริ่มเทรดได้ สถานะก็พังไปแล้ว! ผมรีบติดต่อฝ่ายบริการลูกค้าชาวไทยของคุณทันทีเพื่อขอคำอธิบาย แต่พวกเขากลับอ้างว่า "ความผันผวนของตลาดโลกควบคุมไม่ได้" แถมยังถามอีกว่าอินเทอร์เน็ตผมไม่ดีด้วยซ้ำ ที่น่าขยะแขยงยิ่งกว่านั้นคือ มีคนหนึ่งมาเยาะเย้ยผมตรงๆ ว่า "ถ้าไม่เข้าใจการเทรดก็อย่าเล่น!" ทีมไทยของคุณไม่มีทักษะและทัศนคติเอาเสียเลย แม้แต่การซิงค์ข้อมูลพื้นฐานก็ยังทำไม่ได้ แถมยังกล้าคิดค่าธรรมเนียมอีก! นี่ไม่ใช่แค่บริการแย่ๆ แต่มันเป็นการหลอกลวงชัดๆ! ผมแนะนำให้นักลงทุนทุกคน: ใช้ชีวิตให้คุ้มค่าและอย่าไปยุ่งกับ WELTRADE โดยเฉพาะในส่วนที่ทีมไทยดูแล ไม่งั้นคุณจะล้มละลายเป็นรายต่อไป!

2025-08-30 19:18
Scam

WELTRADE， You are a real scam

WELTRADE, you are a true cancer in the financial world! Price updates were a full fifteen minutes behind the real-time market conditions, completely rendering all stop-loss settings useless. Causing financial lossesBy the time I could operate them, my position had already been liquidated! I immediately contacted your Indonesian customer service for an explanation, but they claimed that "global market fluctuations are uncontrollable" and even asked if there was a problem with my internet connection. Even more abominable, one of the representatives directly mocked me, saying, "If you don't understand trading, don't play!" Your platform makes money from data services, yet when problems arise, you completely shirk responsibility? This isn't just poor service; it's a blatant financial scam!

2025-08-30 21:15
Scam

Welltread sneaked in

Weltrade secretly tampered with my take-profit and stop-loss settings, causing me a loss of 68,000 rupees! Last Wednesday, I was trading in USD/INR and had set take-profit 74.50 and stop-loss 74.70. But when I checked my position that afternoon, the system showed that take-profit had changed to 74.30 and stop-loss to 74.80. As a result, when the price reached 74.48, I prematurely closed my position and lost 12,000 rupees. The next day, the price dropped to 74.75, and since I had set my stop-loss too high, I lost another 56,000 rupees—the exact amount I had earned from a small IT project! After filing a complaint with SEBI, I discovered that Weltrade's Indian 'Operation Center' was fake, located in a residential building in Gurugram. Now, I'm even struggling to pay my employees. WELTRADE is scamming people by manipulating their operating parameters. Do not trust them!

2025-08-28 22:15
Others

ความล่าช้าของข้อมูลต

ความล่าช้าของข้อมูลตลาดของ WELTRADE สร้างความเดือดร้อนให้กับผมอย่างมาก ผมกำลังเทรด USD/MYR และเห็นราคาแพลตฟอร์มแสดงอยู่ที่ 4.73 แต่ตลาดกลับขึ้นไปถึง 4.76 แล้ว ความล่าช้าเพียง 30 วินาทีทำให้ผมขาดทุน 3,600 บาทตอนที่ผมวางคำสั่งซื้อ ผมตั้งจุดตัดขาดทุนไว้ที่ 4.68 สำหรับ EUR/MYR แต่ความล่าช้าของข้อมูลของแพลตฟอร์มทำให้ไม่สามารถดำเนินการได้ ผมรอจนกว่าราคาจะลดลงเหลือ 4.75 ก่อนที่จะปิดสถานะ ส่งผลให้ Slippage 70 จุดและขาดทุน 84,000 บาท แอปเทรดบนมือถือของ WELTRADE มีช่องโหว่ด้านความปลอดภัยที่ร้ายแรง แอปนี้ขอสิทธิ์การเข้าถึงข้อมูลผู้ติดต่อ กล้อง และข้อมูลตำแหน่ง ซึ่งไม่เกี่ยวข้องกับการซื้อขายเลย โบรกเกอร์รายนี้ไม่น่าเชื่อถืออย่างยิ่ง ควรหลีกเลี่ยง

2025-08-28 13:26
Severe Slippage

On the night of the May

On the night of the May non-farm payroll data release, I traded the USD/IDR currency pair on WELTRADE, setting a take-profit point of 15,200. When the market hit 15,205, the platform delayed closing my position for 30 seconds, ultimately closing it at 15,080. My original profit of 1.2 million rupiah turned into a loss of 850,000 rupiah. This slippage only occurs during the early morning hours of Indonesian time (02:00-05:00 Jakarta time), when European and American markets are active but local regulatory complaint channels are closed. By July, my initial investment of 5 million rupiah had lost 2.3 million rupiah due to similar slippage. Yet, the platform continues to push "low spread trading" ads on LINE. I believe this is a scam.

2025-09-01 14:02
Scam

The bonus trap locks your money.

The bonus system traps your original deposit and the withdrawal requires a high condition. I was deceived by the '50% bonus' of WelTrade and deposited THB 200,000 for a THB 100,000 bonus. But when I wanted to withdraw THB 150,000 in December, I was told that I must trade '300 times the volume' to unlock it. From my typical trade, I would have to continuously trade 3,000 lots, which is impossible in the network environment of Thailand. What's worse, they secretly changed the terms, prioritizing account closing profits before the bonus. When I requested to cancel the bonus and only withdraw the principal, the customer service told me 'the account money is already linked to the bonus, and a forced withdrawal will incur a 50% penalty'. Now, my THB 280,000 in the account is seized. This platform is terrible, don't trust it at all.

2025-08-31 16:27
Scam

Last week, the customer

Last week, your Thai client who claimed to be the 'Head Data Analyst' contacted me on Facebook, boasting about 'internal data sources from the stock exchange' and the ability to accurately predict crude oil inventory data. I foolishly believed your lies and heavily traded crude oil based on your advice before the EIA data was released. The market crashed by 3.50 dollars! The most shocking part was that you manipulated the closing price! The market closed at 81.50, but your platform displayed a price of 80.80, forcing me to liquidate my long position! Afterward, I compared data from up to 8 different platforms and found that only your platform showed such a significant discrepancy in the closing price! After I got a margin call, your Thai customer service even shamelessly claimed, 'It's an automatic price settlement system,' and had the audacity to recommend I purchase their 'Supreme Data Service' for 12,000 baht per year, claiming I could access 'real settlement data'!

2025-08-31 18:56
Others

I deposited RM53,000

I deposited RM53,000 to trade, but every profitable trade was canceled due to a "system error," while losing trades remained active! Last week, I made a profit of RM15,000 on a USD/CAD short trade, but suddenly I couldn't log in. Later, I requested a withdrawal, leaving me with RM38,000, but the platform directly rejected it. "WELTRADE, you are garbage! You are scamming Malaysians! Your servers are down all the time! Especially during the evening trading hours (Malaysian time), the frequency of disconnections is ridiculously high. Because of your disconnections, my stop-loss wasn't triggered, and I lost $5,000 in one margin call. Stop screwing us over

2025-08-29 17:36
Unable to Withdraw

WELTRADE's withdrawal

WELTRADE's withdrawal issues have driven me crazy! I requested a $15,000 withdrawal in June 2025, but by August I had only received $3,800. "International taxes" were deducted from the remaining amount, and they couldn't provide any tax documentation. Customer service has been saying "it will arrive next week" for 12 weeks now! Even worse is their "account upgrade" scam. They tricked me into paying $5,000 to upgrade to a "VIP account," promising lower spreads and priority withdrawals. Instead, the spreads increased by 2 points, and withdrawals became even slower. Forty-three users on the Malaysian and Los Angeles forex forums have fallen victim to the same upgrade scam, collectively losing over $100,000. Don't trust this platform anymore.

2025-08-27 13:46
Unable to Withdraw

WELTRADE, you're a fucking

WELTRADE, you're a fucking scam! I've lost everything to your fake data, and now I can't even withdraw my last bit of capital! When I was trading forex, I always followed your platform's data closely to place orders, but every time I reached a critical profit and was supposed to close a position, your data would jump up and down like crazy! The international market clearly showed the USD/RM was stable at 4.72, but your platform suddenly soared to 4.80 without warning, forcing a stop-loss on my short position! I went to customer service to argue, and they brazenly said, "It's normal market fluctuations due to sudden market news"—a fluctuation of 0.08 pips? The most infuriating thing is the withdrawal issue! I submitted a withdrawal request 15 days ago, and I haven't seen a single cent! This is clearly a deliberate excuse to delay and withhold our funds!

2025-08-31 00:23
Scam

My withdrawal request

My withdrawal request hasn't been processed for three weeks, and customer service always gives the same excuse: "It's under review by the finance department." How did my original deposit arrive so quickly? Now I'm being harassed trying to get my money back! Your so-called "data-driven" risk control system is nothing but extortion! Every time I withdraw money, they inexplicably claim there's "unusual trading activity" in my account and require additional verification. Even after I provided my ID, bank statements, utility bills, and even a selfie, you still keep demanding more proof. Even more ridiculous, while you're withholding my withdrawals, you're constantly emailing me promotional deposit promotions! I clearly confirmed the use of hedging strategies when I opened my account, but now your risk control department is suddenly saying my Martingale strategy violates regulations and is freezing my account and imposing a fine? WELTRADE is a completely unregulated, dishonest platform!

2025-09-04 16:54
Scam

The Weltrade company

The Weltrade company had increased the spread for Gold, almost 1600 % from what it usually was and my account could not withstand. Moreover, Systemgates Ltd aka Weltrade is changing its registration every single year, from one offshore country to another. In 2016 it was Vanuatu, in 2017 it was Belize and in 2018 it is Saint Vincent and the Grenadines. I found out that Systemgates Ltd has no licence whatsoever to engage in forex trading since the Financial Services Authority does not issue a licence to a company engaging in forex. I have lost 56 000 USD and trying to get them back . The company refused to return the money after I lodged my complaint with it more than 10 times.

2025-08-28 16:48
Severe Slippage

They changed the name and

They changed their name and entered Thailand to deceive people! They have a long history of misconduct dating back to when they were still called SystemForex. WELTRADE's market delay caused my 95 million baht investment to disappear. WELTRADE deliberately prevented my Take Profit order from being executed. Last Wednesday, after the U.S. Federal Reserve meeting, I was watching the USD/IDR chart, which showed 15,280, but when I placed the order, it said 'price adjusted to 15,350,' a slippage delay of 70 points, resulting in a loss of 4.2 million baht. Even worse, my Stop Loss order set at 15,300 was not executed due to the delay, and by the time of trading, it had already risen to 15,380. An 80-point slippage wiped out my account. WELTRADE is an 18-year-old scammer.

2025-08-29 14:13
Others

As a Malaysian trader,

As a Malaysian trader, I'm extremely angry about WELTRADE's exploitative spread practices against Southeast Asian clients. The average spread on the platform's USD/MYR currency pair is a staggering 18 pips, compared to just 6-8 pips on other international platforms like Pepperstone. Worst of all, during the Malaysian stock market's opening hours (9:00-10:30 AM), spreads often suddenly widen to 25-30 pips, completely rendering my short-term trading strategies impossible to execute. My trading records show that I lost an additional 5,800 ringgit in March alone due to abnormal spreads. WELTRADE also charges Malaysian clients an additional "emerging market currency surcharge" of US$3 per lot traded, while spreads on platforms in Singapore and Australia during the same period are completely normal. This is systematic spread manipulation targeting Malaysian traders.

2025-08-28 13:32
Scam

WELTRADE your platform

WELTRADE, you garbage platform, all the money pits I've struggled to find in Thailand! Last Monday at 9.00, I was staring at the GBP/THB movement chart. The night before, I analyzed nearly a week's worth of trading data and decided to buy 5 lots at 32.15. It turned out that after placing the buy order, the platform directly displayed 'order submission failed.' I thought it was a network issue, so I tried three more times, but the page remained stuck! After 10 minutes, it returned to normal, but the price had already surged to 32.48. I ended up with 64,500 THB less. What's even more infuriating is that when I contacted customer service, they said, 'You were too slow and missed the best timing.' They even used 'data logs' as an excuse, claiming network delays when I submitted the order. At that time, I was using the fastest fiber optic in Bangkok, with internet speed tests showing 100 Mbps—how could there be delays? I've lost nearly 200,000 THB in the past half-month due to platform freezes and failed orders. WELTRADE, are you deliberately playing games and trying to swallow my money?!

2025-09-03 22:51
    Sources
    Data Source WikiFX Data provide
    Updated: 2025-10-09
    WELTRADE · 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
    MT4✔iOS, Android, Windows, MacOS, WebBeginners
    MT5✔iOS, Android, Huawei, Windows, MacOS, WebExperienced traders
    Weltrade App✔iOS, Android/
    MT4
    MT5
    Weltrade App

    Deposit and Withdrawal

    WELTRADE supports several funding methods:

    Payment MethodAccepted CurrenciesDeposit FeeWithdrawal FeeDeposit TimeWithdrawal Time
    VISA/MASTERCARD/UNIONPAYUSD❌4% + 2 USDInstantaneous30 min, 24/7
    Skrill1%
    NetellerUSD, EUR2% (min. $1.00)
    IDLBIDRSender's bank tariff❌Within 24 hours
    FasaPayUSD, IDR❌0.5% (min. $0.01, max. $5.00)Instantaneous
    Deposit
    Withdrawal

    News

    ExposureComplaints Against Weltrade | Traders Can’t Get Their Money Back

    Opening a trading account and watching your capital grow can feel exciting and full of promise until the moment you realise you cannot get your money back. That’s when the dream turns into a nightmare. Recent complaints submitted to WikiFX reveal an unsettling pattern seen at Weltrade where deposits vanish, withdrawals stall for days or even months, and support channels lead nowhere.

    WikiFX
    2025-08-15 16:48
    Complaints Against Weltrade | Traders Can’t Get Their Money Back

    ExposureWeltrade: The Broker With Revoked Licences and a Failing Score

    With revoked licences, misleading regulatory claims, and a dangerously low WikiScore, Weltrade may be exposing unsuspecting traders to far more risk than they realise. Here’s what every investor needs to know.

    WikiFX
    2025-06-11 18:34
    Weltrade: The Broker With Revoked Licences and a Failing Score

    ExposureWeltrade Broker Review 2025: Read Before Trading

    Explore the 2025 Weltrade broker review. Assess its licensing, performance, and user feedback to determine if it's a scam or trustworthy. Get insights now!

    WikiFX
    2025-06-11 16:53
    Weltrade Broker Review 2025: Read Before Trading

    NewsECB reveals it may have to bloom

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

    WikiFX
    2023-05-16 14:08
    ECB reveals it may have to bloom
    About More

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    FX1911792689
    0-3months
    Good platform and their dashboard is comfy to use. No problems with deposits and payouts. It takes 15-20 mins maybe.
    Good platform and their dashboard is comfy to use. No problems with deposits and payouts. It takes 15-20 mins maybe.
    Translate to English
    2025-09-17 19:33
    Reply
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    FX3021335694
    0-3months
    My withdrawal request hasn't been processed for three weeks, and customer service always gives the same excuse: "It's under review by the finance department." How did my original deposit arrive so quickly? Now I'm being harassed trying to get my money back! Your so-called "data-driven" risk control system is nothing but extortion! Every time I withdraw money, they inexplicably claim there's "unusual trading activity" in my account and require additional verification. Even after I provided my ID, bank statements, utility bills, and even a selfie, you still keep demanding more proof. Even more ridiculous, while you're withholding my withdrawals, you're constantly emailing me promotional deposit promotions! I clearly confirmed the use of hedging strategies when I opened my account, but now your risk control department is suddenly saying my Martingale strategy violates regulations and is freezing my account and imposing a fine? WELTRADE is a completely unregulated, dishonest platform!
    My withdrawal request hasn't been processed for three weeks, and customer service always gives the same excuse: "It's under review by the finance department." How did my original deposit arrive so quickly? Now I'm being harassed trying to get my money back! Your so-called "data-driven" risk control system is nothing but extortion! Every time I withdraw money, they inexplicably claim there's "unusual trading activity" in my account and require additional verification. Even after I provided my ID, bank statements, utility bills, and even a selfie, you still keep demanding more proof. Even more ridiculous, while you're withholding my withdrawals, you're constantly emailing me promotional deposit promotions! I clearly confirmed the use of hedging strategies when I opened my account, but now your risk control department is suddenly saying my Martingale strategy violates regulations and is freezing my account and imposing a fine? WELTRADE is a completely unregulated, dishonest platform!
    Translate to English
    2025-09-04 16:54
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