Global Broker Regulation Inquiry App
WikiFX
Broker
Rankings
Regulators

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)

999.5 Poor

MT4/5

Full License

Weltrade-Demo

United Kingdom
MT4
14

Influence

A

Influence index NO.1

South Africa 6.99
The WikiFX Score of this broker is reduced because of too many complaints!

Environment

Speed:D

Slippage:AA

Cost:C

Disconnected:AA

Rollover:D

MT4/5 Identification

MT4/5 Identification

Full License

14
Server Name
Weltrade-Demo MT4
Server Location United Kingdom

Influence

Influence

A

Influence index NO.1

South Africa 6.99
Surpassed 25.10% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

+62 812-2707-5533
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!
2025-07-25
  • The number of the complaints received by WikiFX have reached 15 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
+6281227075533
Company Website
Company address
Suite 305, Griffith Corporate Centre, PO BOX 1510, Beachmont, Kingstown, Saint Vincent and the Grenadines

FX3400147554

Verified

India

I made a withdrawal since Saturday but I still haven’t received the payment since then also the customer care is so poor they are not very effective

Exposure

Three days ago

FX2870464497

Unverified

Hong Kong

After submitting a withdrawal request, they didn't allow it. The customer service said it needed to be reviewed, but didn't give a reason. They've been dragging this on for half a year and still haven't allowed the withdrawal. I advise everyone to stay away from this scam platform!

Exposure

06-11

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

GeanC

Authenticated
Unverified

Colombia

this is a good option for synthetic index options. no complaints so far

Positive

10h

DANIIELO La D

Verified

United States

The broker I like is very versatile, it gives me the patterns for my entries and scenario.

Positive

Two days ago

FX3400147554

Verified

India

i just started using the broker and can’t wait to see how it turns out

Neutral

In a week

FX8484240512

Verified

Thailand

After trading for a few months, I feel it's quite stable.

Positive

07-14

FX4216954110

Verified

Thailand

Trading digital currencies can be done during weekends, which is more flexible than other platforms. Mobile applications may need to log in frequently to new systems, and sometimes fingerprint recognition systems may not work.

Neutral

07-07

FX1188004463

Unverified

Indonesia

weltrade, now very easy to access because there is an application, deposit and withdrawal are very easy and many choices. 4 years already using weltrade

Positive

06-25

FX1197444514

Unverified

Malaysia

During my time with Weltrade, I have never encountered any issues. Deposits and withdrawals have always been smooth and problem-free. From my experience with several brokers, I can say that Weltrade is among the best in terms of live trading data. I always refer to it for daily trading. Thank you, Weltrade 🌼😊

Positive

06-25

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

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

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

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

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

33
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
216.40
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

Users who viewed WELTRADE also viewed..

AvaTrade

9.50
Score
15-20 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
AvaTrade
AvaTrade
Score
9.50
15-20 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
Official website

GTCFX

8.84
Score
15-20 yearsRegulated in United KingdomMarket Maker (MM)MT4 Full License
GTCFX
GTCFX
Score
8.84
15-20 yearsRegulated in United KingdomMarket Maker (MM)MT4 Full License
Official website

TMGM

8.55
Score
10-15 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
TMGM
TMGM
Score
8.55
10-15 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
Official website

capital.com

8.93
Score
5-10 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
capital.com
capital.com
Score
8.93
5-10 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
Official website

Environment

Average transaction speed(ms)
999.5 Poor
The highest transaction speed(ms)
14 Perfect
The highest speed of opening positions(ms)
191 Good
The highest speed of closing position(ms)
14 Perfect
The lowest speed of opening positions(ms)
1991 Poor
The lowest speed of closing position(ms)
1989 Poor
18.18USD/Lot
34.08USD/Lot Good
Long: -8.07USD/Lot    Short: -3.78USD/Lot Poor
Long: -19.77USD/Lot    Short: -13.8USD/Lot Poor
Average slippage
-0.1 Great
Maximum transaction slippage
13 Good
Maximum positive slippage
-1 Good
Maximum negative slippage
13 Good
Average disconnection frequency (times/day)
0.1 Perfect
Average reconnection time (millisecond/per request)
18.6
Ranking: 110 / 123
Test user 1,205
Orders 32,937
Ocuppied margin $3,681,298 USD
Data Source
WikiFX Data provide
Updated: 2025-07-24 01:00:00
Sources
Language
Mkt. Analysis
Creatives

Website

Most visited countries/areas
Laos
weltrade.ph
172.66.43.170
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
View More

Genealogy

vip VIP is not activated.
Please visit the WikiFX App to be our VIP.
Open Now

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

User Reviews 33

All (33) Positive (13) Neutral (4) Exposure (16)
Scroll down to view more
Write a review
Exposure
Neutral
Positive

Content you want to comment

Please enter...

Submit now
Write a comment
33
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com