WELTRADE BROKER PROS AND CONS
We have used the service to test out the broker, trying to compare every aspect; Swap, Spread, Commission, Inquiries Service, Support, Deposit and Withdrawal, and all of the services of Weltrade Broker and figure out what is suitable for traders.
- Fast document processing, easy account opening
- ECN account with the lowest Spread.
- Fast deposits
- Support works quickly
- Lots of promotions
- Fixed-rate deposit and withdraw Fixed Rate Deposit 32 Withdraw 31 baht
- Deposit via SCB, there is a fee of 10 baht.
- The web page provides very little information.
- Do not show the regulators, causing a lack of credibility.
Weltrade credit bonus is credited to MT5 Micro, MT5 Premium, MT5 Digital trading accounts only.
1. NO DEPOSIT BONUS
Welcome Bonus: Up to $50 when depositing $50 or more into your MT4 and MT5 Micro accounts, available only one time and cannot be withdrawn. When transferring or withdrawing money, the bonus will be canceled.
2. Deposit Bonus
Deposit Bonus 100%: Up to $10,000 per account on a $200 deposit, which cannot be withdrawn. When the funds in the account are equal to the bonus funds, all orders will be closed.
Weltrade’s deposit bonuses and no-deposit bonuses are not always available as a fixed program. But in some periods, they will also offer a Welcome Bonus, which must be monitored regularly.
In addition, Weltrade initiates promotions for customers in addition to the bonus.
FREE VPS WELTRADE BROKER
Currently, weltrade does not offer a VPS service.
WELTRADE SPREAD AND SWAP INFORMATION
1. WELTRADE SPREAD
Our spread and swap cost calculations are already charged per 1 lot open order size of Standard account (100,000 USD per 1 lot), so the value shown is in USD.
Weltrade offers up to 5 account types: Micro Premium Pro Zulutrade Crypto account, in addition to Zulutrade account, is the Copy Trade account. To assess the broker’s spread and swap, we conduct a test of the spread check by including the commission cost. In order to compare the commission-free brokerage from all 4 types of accounts in real-time situations at different times, then averaged spread data is obtained as follows:
2. WELTRADE SWAP
The daily cost of holding a trader’s position when trading with Weltrade is charged when opening a 1 Lot Standard (100,000 Lot) order. It shows the daily cost of holding 1 Lot Standard account size as follows:
Spread and Swap comparisons of all brokers can be viewed to create a trading strategy. Build your own trading advantage here.
3. WELTRADE COMMISSION
OTHER WELTRADE INFORMATION
Weltrade Broker has been established in 2006 and has been in operation for a long time. Weltrade Broker has developed its own approach, such as the Copy Trade service from profitable traders opening accounts with Weltrade. Weltrade is another broker with business development.
Weltrade is financially registered with the country in which its office is located with the following information:
- National Bank of the Republic of Belarus, LLC SystemGates Limited.
WELTRADE ACCOUNT USAGE
Opening a Weltrade Broker account can be done through the Platform. However, there are support services available as well, which can be contacted through support.
1. Weltrade Forex Account Opening Documents
Documents required to open a trading account with Weltrade Broker include:
- Identity verification documents is ID card or passport.
- A copy of the house registration is recommended.
2. WELTRADE Account Types
There are several types of Weltrade Forex trading accounts with different pros and cons and features, designed to allow traders to choose according to their strategy and leverage up to 1:1000.
The table shows the account types of Weltrade Forex Account
WELTRADE Support Service
We conducted a test of communication with Support via chat and made an assessment according to the criteria; able to fix the problem, promptness of service, problem-solving intention, not just sending links to read to acquire answers. Therefore, we have reviewed the broker and found the following service problems:
- Live Chat requires a few basic information fillings.
- No need to talk through Chat Bot, getting to inquire to the staff directly.
- Incomplete answers and not to the point
- Incomplete answers to questions, providing minimal information.
- The staff sends the link for traders to read themselves.
- The staff does not answer questions directly.
“Overall, Weltrade’s Support provides good service, pertinently responding to inquiries and have a good control over their emotions.”