Robert J. Williams
Reviewed by:
Sikirty Chatterjee
Regulated by FSCA South Africa | High leverage up to 1:1000 | Supports MT4 & MT5 | Low minimum deposit $25
Founded in 2006, Weltrade is headquartered in Riga, Latvia, with additional registered entities in Saint Vincent and the Grenadines, Saint Lucia, and South Africa . It has grown to serve over 1,000,000 registered traders across more than 40 countries . Weltrade has earned industry recognition, notably being awarded “Best Forex Broker LatAm 2024” . The broker supports popular platforms including MT4 and MT5 and offers a minimum deposit starting from just $1 to $200 depending on the account type .
🏦 Headquarters: Riga, Latvia (also registered in Saint Vincent & the Grenadines, Saint Lucia, and South Africa)
📅 Founded: 2006
📜 Regulation: FSCA (South Africa) License FSP No. 50691; FSA in SVG; Saint Lucia entity
🏦 Supported Countries: Clients from 40+ countries; restricted in the USA, Canada, EU, Belarus, Russia
💻 Platforms: MT4, MT5, WebTrader
💵 Min Deposit: From $1 for SyntX synthetic indices; $25 for standard accounts; up to $200 depending on account type
Company Background
Weltrade began in 2006 under the name SystemForex and rebranded to its current name in 2012 . Its mission is to deliver transparent, secure, and accessible trading globally. Over nearly two decades, it has launched legal entities in multiple jurisdictions, built a network of over 40,000 partners, and registered more than 1 million clients . Recognized with multiple awards—such as “Broker of the Year – LATAM 2024”—Weltrade maintains a strong presence in emerging markets while serving a global clientele .
Weltrade operates under a Tier‑2 regulatory framework. It is authorized by the South African FSCA (Financial Sector Conduct Authority), license number FCP 50691, which ensures segregation of client funds, periodic financial audits, and adherence to local conduct rules . Additionally, it holds a license from the SVG FSA (St. Vincent & Grenadines), a Tier‑3 regulatory jurisdiction with minimal oversight . Tier‑2 regulation offers reasonable client protection and operational transparency, though it doesn’t reach the level of top-tier bodies like ASIC or FCA.
Summary
Weltrade offers a mid-level regulatory structure anchored by FSCA oversight, providing credible safeguards such as fund segregation and negative balance protection. Its additional SVG and Saint Lucia licenses expand its global footprint, though their lighter regulatory regimes mean protection varies by jurisdiction.
Weltrade offers a diverse selection of tradable instruments, including Forex (over 37 major, minor, and exotic currency pairs), Commodities (such as oil and natural gas), Metals (including gold and silver), Indices, and Crypto CFDs (covering around 15 cryptocurrency assets). Additionally, synthetic indices (SyntX) are available for 24/7 trading .
Traders can access a broad range of asset classes: Forex majors/minors/exotics, commodities (e.g., XTIUSD), metals (XAUUSD, XAGUSD), global indices, cryptocurrencies, and proprietary synthetic indices offering diverse trading strategies .
The broker provides highly competitive floating spreads—starting as low as 0.0 points on premium accounts—but typical average spreads on majors are around 0.5 pips. During high-impact news events, spreads may widen .
Weltrade operates mostly on a no-commission model, embedding costs within the spread. This structure applies across Forex, metals, commodities, indices, and crypto CFDs. Synthetic indices may follow a similar model .
Offering up to 1:1000 leverage on general trading instruments allows substantial position sizing with limited capital. The SyntX product line amplifies this by offering exceptionally high leverage of up to 1:10,000, targeting experienced traders .
| 🧾 Account Type | 💰 Min Deposit | 📉 Spread | 💸 Commission | 💻 Platform |
|---|---|---|---|---|
| Micro | $25 | From 1.5 pips | None | MT4, MT5 |
| Premium | $25 | From 1.5 pips | None | MT4, MT5 |
| Pro | $500 | From 0.5 pips | None | MT4, MT5 |
| SyntX (Synthetic) | $1 | Floating | None | MT5 |
Additionally, you can subscribe to MQL5 signals via MT4/MT5 platforms by registering, authorizing your account, and activating signals for automated trading .
“Ideal for traders seeking high-leverage options, fast withdrawals, and flexible account types — especially those comfortable with Tier‑2 regulation.”
You require Tier‑1 oversight (ASIC/FCA).
You want extensive educational materials and research tools in-platform.
You prefer trading stock CFDs, given the limited asset range compared to larger brokers.
Bottom Line:
Weltrade delivers a compelling package for experienced and intermediate traders—offering exceptional leverage (up to 1:10,000 on synthetic indices), speedy execution and withdrawals, and a broad array of flexible account types. While its Tier‑2 regulation under FSCA provides solid protection, it may not satisfy those seeking the highest regulatory standards. Beginners should supplement their trading with external educational resources due to lighter in-platform support. On balance, Weltrade is a strong, specialized option for high-risk, high-reward traders.
2025 BROKERINSPECT
There are no reviews yet.