Weltrade

If a broker has been working for a long time, customer comments about him are sure to appear. There are different reviews about Weltrade, but there is too much negativity online, which indicates the broker’s illegal actions.

One of the traders working on the trading platform says that he lost $46,000 there. The man asked company employees to provide him with a license, but they refused, saying that the document was being updated. And the proof of their good work is a large number of clients. He believes that the company is acting outside the law and manipulating the trading process. The user’s account was then blocked.

Another investor wrote a complaint against the broker. It says that they have been trading on the site for several years, but recently the company has been refusing to pay money. The broker has closed all financial transactions. Technical support responds that payments in the region where the client is registered are closed and it is unknown when they will resume. He has $10,000 frozen in his account.

The trader says that it is difficult to trade with Weltrade. He says the company closed his account and did not allow him to withdraw his money. They explained to him that this was due to sanctions. He will be able to return his capital only after the sanctions are lifted.

Refusal to withdraw money does not look good on the company. This is how kitchen brokers operate, to which this trading platform belongs.

Terms of cooperation

To start working, the client needs to register. Personal information, contact phone number, email are entered into the form, and a strong password is created. After creating your Weltrade personal account, you need to upload scanned documents to undergo verification. Without this step, it is impossible to withdraw earnings from the platform.

After these procedures, the trader needs to decide on a trading platform. There are several on their website: MetaTrader 4, MetaTrader 5, Webtrader, ZuluTrade, applications for iPhone and Android. To improve the quality of trading, you can use advisors. Separately, it should be said that ZuluTrade is designed for automated trading. It is used by beginners and those who do not have enough time to trade.

The site gives bonuses and also provides free services such as eToken Pass. For those who want to earn passively, there is a program that allows you to earn 5% per year on investments from the invested amount. The company regularly holds competitions and tournaments with prizes up to $20,000. The broker has a three-level affiliate program, with generous cash prizes for invited participants.

The broker promises reliable protection for client accounts. Due to the fact that the company monitors security, customers’ money and their personal information are completely safe. Trading instruments on the site include Forex, metals, indices, CFDs, energies, stocks, and currency pairs. PAMM accounts used to be available, but then they were closed. There are 4 types of accounts on the site: Micro, Premium, Pro, ZuluTrade. Deposit: $25, $200, $1000.

On the site you can withdraw money to debit and credit cards, electronic wallets, and bank accounts. The broker promises quick withdrawal of money. But the website does not indicate what commission is charged for withdrawal. However, there is a commission for transactions, although it is low when compared with other brokers. Active traders can expect a return of 2% spread.

The broker offers new traders to undergo training using the materials provided on the website. There are a lot of videos and printed information there. The company regularly conducts webinars and seminars. The site has a section with analytics and news that are updated daily. Those beginners who doubt their abilities can copy the transactions of successful traders.