Weltrade Review
Overall, Weltrade is very competitive regarding its trading fees and spreads. Weltrade is a multi-regulated forex broker headquartered in South Africa. SVG FSA and the FSCA regulate Weltrade. Weltrade has a Trust Score of 89% out of 100.
- Kayla Duvenage
Jump to:
Regulation and Safety of Funds
Account Types and Features
Account Registration
Trading Platforms
Range of Markets
Fees
Deposits and Withdrawals
Education and Research
Affiliate Program
Final Verdict
Pros and Cons
FAQ
Overall Rating
- 4.7/5
Min Deposit
–
Regulators
–
Trading Desk
–
Crypto
Yes
Total Pairs
–
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Weltrade Review – 26 key points quick overview:
- ✅ Summary
- ✅ Weltrade Geographic Reach and Limitations
- ✅ Weltrade At a Glance
- Weltrade Regulation and Safety of Funds
- Weltrade Awards and Recognition
- Weltrade Account Types and Features
- Weltrade MAM / PAMM Features
- Social Trading with Weltrade
- Broker Comparison
- Weltrade Trading Platforms
- Weltrade Investment Programs
- Broker Comparison for Range of Markets
- Weltrade Trading and Non-Trading Fees
- Weltrade Deposits and Withdrawals
- How to Deposit Funds with Weltrade
- Weltrade Fund Withdrawal Process
- Weltrade Education and Research
- Weltrade Bonuses and Promotions
- How to open an Affiliate Account with Weltrade
- Weltrade Affiliate Program Features
- Weltrade Customer Support
- Weltrade Corporate Social Responsibility
- Additional Features of Weltrade
- Our Final Verdict on Weltrade
- Weltrade Alternatives
- FAQ
Summary
👉 Overall, Weltrade is considered low risk, with an overall Trust Score of 89 out of 100. Weltrade is licensed by zero Tier-1 Regulator (high trust), one Tier-2 Regulator (average trust), and one Tier-3 Regulator (low trust). Weltrade offers six retail trading accounts: a Micro Account, Universe Account, Premium Account, Pro Account, Digital Account, and ZuluTrade Account.
👉 Investor Warning: Foreign currency trading on margin is associated with an elevated risk and may not be appropriate for all Rwandan investors. Before engaging in foreign currency or Contract for Difference (CFD) trading, you must evaluate your investing goals, expertise, appetite for risk, and willingness to be exposed to risk. In addition, you should not start investing capital that you cannot afford to lose because you could incur a loss of part or your entire original investment.
Overall
👉 Weltrade accepts Rwandan clients and has an average spread from 0.0 pips with commissions of 1.5 points on the ZuluTrade CopyTrading Account. In addition, Weltrade has a maximum leverage ratio of up to 1:1000, and a demo and Islamic account are available.
👉 Weltrade Terminal, MetaTrader 4, and MetaTrader 5 platforms are supported. Weltrade is headquartered in Saint Vincent and the Grenadines and regulated by SVG FSA and FSCA.
Analysis of Weltrade’s Main Features
| ➡️ Order Execution | 4/5 |
| ➡️ Commissions and Fees | 4/5 |
| ➡️ Range of Markets | 4/5 |
| ➡️ Variety of Markets | 3/5 |
| ➡️ Withdrawal Speed | 4/5 |
| ➡️ Customer Support | 5/5 |
| ➡️ Trading Platform | 4/5 |
| ➡️ Education | 1/5 |
| ➡️ Research | 2/5 |
| ➡️ Regulation | 3/5 |
| ➡️ Mobile Trading | 4/5 |
| ➡️ Trust Score | 89% |
Top 3 Weltrade User Reviews
➡️ On Forex Peace Army, Weltrade has 11 reviews with an overall rating of 1.5/5.
➡️ On Myfxbook, Weltrade has 70 votes and an overall rating of 3.7/5.
➡️ On Trustpilot, Weltrade has 21 reviews and an overall rating of 3.8/5.
👉 Murvig –” Different sources give different reviews about Forex and what I see here is that the majority of reviews are positive. Choosing my broker I would prefer Weltrade. I think it’s a well-trusted company with a good reputation.” (quoted verbatim – forex-up)
👉 9hobi4 –” spreads are pretty terrible, some being 4-5 times more than other brokers. also if you did decide to use them, be very careful of their so called “bonus” schemes, my account got emptied by one when I closed a trade because the “bonus” does not count towards your actual balance (total joke) its just like changing your leverage without you knowing.” (Quoted verbatim from Forex Peace Army)
👉 “I participated in the trading competition and i won one of the positions, and I found that they excluded me for no reason, and when I found out with technical support, they finished the conversation and sent them a lot of messages, but they never answered me.” – Ahmed1119 – February 2021 (quoted verbatim from Forex Peace Army)
Latest Existing/Previous Customer Comments on Weltrade for 2025
👉 Benlamin Rakov – “Bonuses are written off when you make an internal transfer.” (Quoted verbatim from Trustpilot)
👉 Armanavatar – “Weltrade manipulates the spread so as accounts could not withstand. In my case it was 1600 percent increase equaling to 2.42 USD spread. Insane” (Quoted verbatim from Forex Peace Army)
👉 Lemanad – “They offer quite favorable conditions… I’ve no idea about the way their platform works, but I’m gonna open an account.” (quoted verbatim – forex-up)
👉 “Best broker with dma/stp model no commission for deposit and 30 minutes withdrawal . 1:1000 leverage. Recently they added USA stocks with no commission” – Satish – March 2025 (quoted verbatim from Reviews-broker.com)
Detailed Summary of Weltrade
👉 Weltrade is a foreign exchange (Forex) and contracts for difference (CFD) broker that has been operating in the internet trading industry for more than 15 years and has won several awards.
👉 The ZuluTrade platform connection enables clients to mimic the trades of experienced investors, decreasing the amount of work that must be done. This feature appeals to both beginning and expert investors.
👉 At the same time, customers are encouraged to keep coming back with regular incentive offers such as prizes and demo contests.
👉 Weltrade was established in 2006 by a worldwide team of specialists in the field of financial technology and has since expanded to accommodate more than 600,000 clients worldwide.
👉 The broker is a subsidiary of Systemgates Ltd. Its main office may be found on the island nation of Saint Vincent and the Grenadines in the Caribbean.
Advantages that Weltrade has over competitors
➡️ One of the key advantages of employing Weltrade is the availability of customer assistance and research services around-the-clock.
➡️ Typically, traditional brokerage firms impose greater transaction fees than Weltrade.
➡️ In trading, time is important, and. In comparison, typical brokers require appointments to commence a deal, but Weltrade makes the procedure far more expedient.
➡️ Users in Rwanda can easily monitor the performance of their assets in real-time.
➡️ Weltrade provides stock quotes and trade data, allowing users to watch the success of their investments conveniently.
Who will Benefit from Trading with Weltrade?
👉 Weltrade is the perfect broker for both novice traders and more experienced ones. Weltrade can meet the diverse requirements of all sorts of traders with its trading solutions.
Trading with Weltrade Pros and Cons
| ✔️ Pros | ❌ Cons |
| One of Weltrade’s benefits is the ability to trade a range of assets around-the-clock. | The spreads in bitcoin trading are substantial. |
| An intuitive website and mobile application. | No mutual funds are available for investing. |
| Instruments for training and chart reading to facilitate fundamental and technical analysis. | Due to the inherent high risk, this platform is often inappropriate for inexperienced traders. |
| Community-based features that promote learning from other platform users and connecting with them. |
Weltrade Geographic Reach and Limitations
👉 Weltrade currently has the largest market share in these countries:
➡️ Thailand – 37.8%
➡️ United Arab Emirates – 21.4%
➡️ Russian Federation – 7.1%
➡️ Ukraine – 5.5%
➡️ Malaysia – 4.2%
Weltrade Current Expansion Focus
➡️ Europe
➡️ Asia
Countries not accepted by Weltrade
➡️ United States
➡️ Canada
➡️ Belarus
➡️ Russia
Popularity among traders who choose Weltrade
👉 Even though Weltrade is not a prominent broker in Rwanda, the broker is considered among the top 70 brokers for the region.
Weltrade At a Glance
| 🏙 Headquartered | Saint Vincent and the Grenadines |
| 🏛 Global Offices | Saint Vincent and the Grenadines |
| 💻 Local Market Regulator in Rwanda | The National Bank of Rwanda (BNR) |
| 💸 Foreign Direct Investment in Rwanda | 99.92 USD Million in 2020 |
| 🔄 Foreign Exchange Reserves in Rwanda | 1,806 million US dollars in 2020 |
| 🏛 Local office in Kigali? | No |
| 👨⚖️ Governor of SEC in Rwanda | None, John Rwangombwa is the Governor of the National Bank of Rwanda |
| ✔️ Accepts Rwandan Traders? | Yes |
| 🗓 Year Founded | 2006 |
| ☎️ Rwandan Traders Office Contact Number | None |
| 📲 Social Media Platforms | |
| ⚖️ Regulation | SVG FSA, FSCA |
| 1️⃣ Tier-1 Licenses | None |
| 2️⃣ Tier-2 Licenses | • Financial Sector Conduct Authority (FSCA) |
| 3️⃣ Tier-3 Licenses | • Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) |
| 🪪 License Number | • Saint Vincent – 24513 • South Africa – 50691 |
| ⚖️ BNR Regulation | None |
| 🏛 Global Restrictions | United States, Canada, Russia, Belarus |
| ☪️ Islamic Account | No |
| 💻 Demo Account | Yes |
| 🛍 Retail Investor Accounts | 6 |
| ✔️ PAMM Accounts | None |
| 💵 Liquidity Providers | Unknown |
| 💰 Affiliate Program | Yes |
| ➡️ Order Execution | Instant, Market |
| 📊 Starting spread | 0.0 pips |
| 💸 Minimum Commission per Trade | 1.5 points |
| 💵 Decimal Pricing | 5th decimal pricing after the comma |
| 📞 Margin Call | 20% – 40% |
| 🛑 Stop-Out | 10% – 20% |
| 📉 Minimum Trade Size | 0.01 lots |
| 📈 Maximum Trade Size | 150 lots |
| 💰 Crypto trading offered? | Yes |
| ✔️ Offers an RWF Account? | No |
| 👥 Dedicated Rwandan Traders Account Manager? | No |
| 📊 Maximum Leverage | 1:1000 |
| 📈 Leverage Restrictions for Rwanda? | None |
| 💵 Minimum Deposit (RWF) | 1,000 RWF / 1 USD |
| ✔️ Rwandan franc Deposits Allowed? | Yes |
| 📊 Active Rwandan Traders Trader Stats | 50,000+ |
| 👥 Active Rwandan Traders-based Weltrade customers | Unknown |
| 🔄 Rwanda Daily Forex Turnover | Unknown, the overall trading volume of over $6.6 trillion |
| 💰 Deposit and Withdrawal Options | • Credit/Debit Card • Skrill • Neteller • Crypto • Perfect Money • Indonesian Local Bank • Fasapay |
| 📉 Minimum Withdrawal Time | 30 minutes |
| 📈 Maximum Estimated Withdrawal Time | Several days |
| 💰 Instant Deposits and Instant Withdrawals? | Yes, Deposits |
| 🤝 Segregated Accounts with Rwandan Traders Banks? | No |
| 💻 Trading Platforms | • Weltrade terminal • MetaTrader 4 • MetaTrader 5 |
| 💵 Tradable Assets | • Forex • Share CFDs • Indices • Cryptocurrency • Metals • Energies |
| 💸 Offers USD/RWF currency pair? | No |
| 📊 USD/RWF Average Spread | N/A |
| ✅ Offers Rwandan Traders Stocks and CFDs | No |
| 📖 Languages supported on the Website | Multilingual |
| 📘 Customer Support Languages | Multilingual |
| 🗣 Copy Trading Support | Yes |
| ⏰ Customer Service Hours | 24/7 |
| 📞 Rwandan Traders-based customer support? | No |
| 💰 Bonuses and Promotions for Rwandan Traders | No |
| 📚 Education for Rwanda beginner traders | Yes |
| 📱 Proprietary trading software | No |
| 🏅 Most Successful Rwandan Trader | Unknown |
| ✔️ Is Weltrade a safe broker for Rwandan Traders? | Yes |
| 🎖 Rating for Weltrade Rwanda | 8/10 |
| 🥇 Trust score for Weltrade Rwanda | 89% |
| 👉 Open An Account | 👉 Open Account |
Weltrade Regulation and Safety of Funds
Weltrade Regulation in Rwanda
👉 The local market regulators in Rwanda are as follows:
➡️ The National Bank of Rwanda (BNR)
👉 While Weltrade is regulated globally, the broker does not yet have local regulations or licenses in Rwanda. However, Weltrade is a popular and trustworthy broker that accommodates Rwandan traders.
Weltrade Global Regulations
👉 Weltrade is a wholly-owned subsidiary of Systemgates Ltd., a Saint Vincent and the Grenadines-based corporation that complies with all applicable laws and regulations.
👉 Considering this, the following criteria apply to both Systemgates and Weltrade:
➡️ Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) license number 24513 for Systemgates Ltd.
➡️ South African Financial Sector Conduct Authority (FSCA) license number 50691 for Weltrade SA (PTY) Ltd.
How Weltrade Protects Traders and Client Funds
👉 Weltrade’s strict financial procedures protect consumers’ funds. Regulations restrict the risk a financial institution, such as Weltrade, could take with its investors’ money and aid in preventing financial fraud.
👉 Regulators in the financial sector monitor the banking industry, financial markets, and the public. This is because the economy, businesses, and consumers rely on a stable financial system. Weltrade financial regulation prioritizes financial system safety, security, and consumer protection.
Security while Trading
➡️ Weltrade is a safe place to trade. Traders may feel secure with Weltrade since their information is secured and safeguarded by the platform’s 2FA and SSL encryption.
➡️ Weltrade protects your personal and financial data when trading on the site with innovative encryption and masking technology.
➡️ Weltrade trading accounts have extra protection in the form of rate capping on suspicious account behaviours like multiple unsuccessful login attempts.
➡️ Weltrade has a trained crew that monitors and protects its trading infrastructure around the clock. Furthermore, before delivering sensitive data, the Weltrade trading platform always employs transport layer security (TLS) and SSL encryption.
Pros and Cons Regulation and Safety of Funds
| ✔️ Pros | ❌ Cons |
| Tier-2 and Tier-3 regulation is present | There is a lack of Tier-1 regulations |
| Weltrade automatically applies for negative account protection | Weltrade does not publish any reports or audits on its operations |
| SSL and TLS are used, and Weltrade’s team monitors the trading infrastructure | Investor protection is not available for eligible clients |
| Client funds are kept separate from company funds |
Weltrade Awards and Recognition
👉 In 2021, Weltrade was acknowledged as one of Asia’s most dependable Forex brokers. In addition, the Competition Committee has lauded Weltrade for its unparalleled service in the Asian region.
👉 The ability of Weltrade’s foreign team members to communicate with and understand the cultural norms and values of the company’s Asian clients is crucial to the company’s success in the area. It is just one of the several accolades Weltrade has earned.
➡️ In 2019, Weltrade won the title of Best Foreign Broker at the Asia Forex Expo.
➡️ Weltrade received the 2017 Best Customer Service Award from Forex Choice.
➡️ Weltrade got the “Best Trade Executions 2015” award at the China FX Expo.
➡️ In 2014, Weltrade received the “Best Customer Service” award from the Global Financial Market Review.
Weltrade Account Types and Features
👉 Rwandans can choose from these Weltrade accounts:
➡️ Micro Account – ideal for beginners.
➡️ Universe Account – Comprehensive account ideal for most traders.
➡️ Premium Account – Ideal for more advanced traders who want competitive spreads.
➡️ Pro Account – Ideal for experienced traders who want the best trading conditions.
➡️ Digital Account – Ideal for cryptocurrency traders.
➡️ ZuluTrade Account – Ideal for copy and social traders.
| 💻 Live Account | 💰 Minimum Dep. | 📊 Average Spread | 💸 Commissions | 💵 Average Trading Cost |
| ➡️ Micro | 1,000 RWF / 1 USD | 1.5 pips | None | 15 USD |
| ➡️ Universe | 1,000 RWF / 1 USD | 0.5 pips | None | 5 USD |
| ➡️ Premium | 26,600 RWF / 25 USD | 1.5 pips | None | 15 USD |
| ➡️ Pro | 100,000 RWF / 100 USD | 0.5 pips | None | 5 USD |
| ➡️ Digital | 53,200 RWF / 50 USD | 2 pips | None | 0.2 USD |
| ➡️ ZuluTrade | 210, 000 RWF / 200 USD | 2.9 pips | 1.5 pips | 44 USD |
Weltrade Live Trading Account Details
Micro Account
👉 Micro accounts, which need a minimum deposit of only 13 RWF (or the equivalent in Euro/US cents), are a great way for novice traders to get their feet wet with minimal risk.
👉 A Rwandan trader must open a tiny account to comprehend the market and order processing. This account offers the following advantages to traders:
| Account Feature | Information |
| 💰 Account Currency | USD or EUR cents |
| 📊 Average trade execution | 0.9 seconds |
| 💰 Minimum Deposit | 1,000 RWF ($1) |
| 📈 Average Spread | Variable, from 1.5 pips |
| ✔️ Trade Execution Type | Market Execution |
| 📊 Commissions charged | No, only the spread |
| 📈 Quote | 5th decimal pricing |
| 💸 Maximum lots per order | 1,000 cent lots |
| 💵 Maximum open orders | 100 lots |
| 💰 Maximum pending orders | 100 lots |
| 📊 Maximum Leverage Ratio | 1:33 to 1:1000 |
| 📞 Margin Call Percentage | 20% |
| 🛑 Stop-Out Level | 10% |
| 📱 Trading Platform Available | MetaTrader 4 and MetaTrader 5 |
| 💻 Access to Auto Trading? | Yes |
| ☪️ Swap-Free Available? | Yes |
| 🔧 Instruments Available on this Account | • Forex • Metals |
Universe Account
👉 The Universe Account is, as its name suggests, a flexible trading account that caters to a broad spectrum of investors by providing them with favourable trading conditions, access to various markets, and a suite of powerful trading tools via the Weltrade interface.
👉 Rwandans who use this account will have access to the following unique features:
| Account Feature | Information |
| 💰 Account Currency | USD |
| 📊 Average trade execution | 0.4 seconds |
| 💰 Minimum Deposit | 1,000 RWF ($1) |
| 📈 Average Spread | Variable, from 1.5 pips |
| ✔️ Trade Execution Type | Market Execution |
| 📊 Commissions charged | No, only the spread |
| 📈 Quote | 5th decimal pricing |
| 💸 Maximum lots per order | 100 lots |
| 💵 Maximum open orders | 100 lots |
| 💰 Maximum pending orders | 100 lots |
| 📊 Maximum Leverage Ratio | 1:1 to 1:1000 |
| 📞 Margin Call Percentage | 20% |
| 🛑 Stop-Out Level | 10% |
| 📱 Trading Platform Available | Weltrade Terminal |
| 💻 Access to Auto Trading? | No |
| ☪️ Swap-Free Available? | Yes |
| 🔧 Instruments Available on this Account | • Forex • Metals • Commodities • Cryptocurrencies |
Premium Account
👉 The Weltrade Premium Account is intended for experienced traders who want tighter spreads and faster trade execution than the standard account. Rwandan retailers that utilize this account will have access to the following extra features:
| Account Feature | Information |
| 💰 Account Currency | USD |
| 📊 Average trade execution | From 0.8 seconds |
| 💰 Minimum Deposit | 26,600 RWF ($25) |
| 📈 Average Spread | Variable, from 1.5 pips |
| ✔️ Trade Execution Type | Market Execution |
| 📊 Commissions charged | No, only the spread |
| 📈 Quote | 5th decimal pricing |
| 💸 Maximum lots per order | 100 lots |
| 💵 Maximum open orders | 150 lots |
| 💰 Maximum pending orders | 100 lots |
| 📊 Maximum Leverage Ratio | 1:33 to 1:1000 |
| 📞 Margin Call Percentage | 20% |
| 🛑 Stop-Out Level | 10% |
| 📱 Trading Platform Available | MetaTrader 4 and MetaTrader 5 |
| 💻 Access to Auto Trading? | Yes |
| ☪️ Swap-Free Available? | Yes |
| 🔧 Instruments Available on this Account | • Forex • Metals • Commodities • Cryptocurrencies |
Pro Account
👉 Traders already familiar with the market and know precisely what they want from a broker would profit from a Pro Account.
👉 This commission-free account offers speedy transaction execution and tight spreads. This account will be especially useful for MetaTrader 4 and MetaTrader 5 traders.
| Account Feature | Information |
| 💰 Account Currency | USD |
| 📊 Average trade execution | From 0.5 seconds |
| 💰 Minimum Deposit | 100,000 RWF ($100) |
| 📈 Average Spread | Variable, from 1.5 pips |
| ✔️ Trade Execution Type | Market Execution |
| 📊 Commissions charged | No, only the spread |
| 📈 Quote | 5th decimal pricing |
| 💸 Maximum lots per order | 100 lots |
| 💵 Maximum open orders | 150 lots |
| 💰 Maximum pending orders | 100 lots |
| 📊 Maximum Leverage Ratio | 1:1to 1:1000 |
| 📞 Margin Call Percentage | 20% |
| 🛑 Stop-Out Level | 10% |
| 📱 Trading Platform Available | MetaTrader 4 and MetaTrader 5 |
| 💻 Access to Auto Trading? | Yes |
| ☪️ Swap-Free Available? | Yes |
| 🔧 Instruments Available on this Account | • Forex • Metals • Commodities • Stock CFDs • Index CFDs |
Digital Account
👉 The Digital Account offered by Weltrade makes it possible to trade cryptocurrencies such as Bitcoin, Ethereum, and others. Rwandan crypto traders can make the most of the benefits of this account type, which include the following:
| Account Feature | Information |
| 💰 Account Currency | USD |
| 📊 Average trade execution | From 0.7 seconds |
| 💰 Minimum Deposit | 53,200 RWF ($50) |
| 📈 Average Spread | Variable, from 0.0 pips |
| ✔️ Trade Execution Type | Market Execution |
| 📊 Commissions charged | No, only the spread |
| 📈 Quote | 5th decimal pricing |
| 💸 Maximum lots per order | 100 lots |
| 💵 Maximum open orders | 100 lots |
| 💰 Maximum pending orders | 100 lots |
| 📊 Maximum Leverage Ratio | 1:3 – 1:100 |
| 📞 Margin Call Percentage | 40% |
| 🛑 Stop-Out Level | 20% |
| 📱 Trading Platform Available | MetaTrader 4 and MetaTrader 5 |
| 💻 Access to Auto Trading? | Yes |
| ☪️ Swap-Free Available? | Yes |
| 🔧 Instruments Available on this Account | 39 Cryptocurrencies |
ZuluTrade Account
👉 The ZuluTrade Account is the social and copy trading account offered by Weltrade. Using this account, Rwandans receive access to various signal providers where they can increase their assets’ value by mimicking great traders’ strategies.
| Account Feature | Information |
| 💰 Account Currency | USD |
| 📊 Average trade execution | From 0.7 seconds |
| 💰 Minimum Deposit | 210,000 RWF ($200) |
| 📈 Average Spread | Variable, from 2.9 pips |
| ✔️ Trade Execution Type | Market Execution |
| 📊 Commissions charged | 1.5 pips |
| 📈 Quote | 5th decimal pricing |
| 💸 Maximum lots per order | 100 lots |
| 💵 Maximum open orders | 100 lots |
| 💰 Maximum pending orders | 100 lots |
| 📊 Maximum Leverage Ratio | 1:33 to 1:1000 |
| 📞 Margin Call Percentage | 40% |
| 🛑 Stop-Out Level | 20% |
| 📱 Trading Platform Available | MetaTrader 4 |
| 💻 Access to Auto Trading? | Yes |
| ☪️ Swap-Free Available? | Yes |
| 🔧 Instruments Available on this Account | • Forex • Metals • Commodities |
Weltrade Demo Account
👉 Weltrade offers demo accounts, where traders may practice their skills with simulated funds and real-time market data and conditions.
👉 Among the many advantages of utilizing a Weltrade demo account for training is the opportunity to gain experience with the system’s inner workings.
👉 With a Weltrade trial account, you may experiment with and become used to the platform’s many market charts, trading indicators, and strategies.
Weltrade Islamic Account
👉 Islamic Accounts are popular among Muslim traders who adhere to Sharia Law because they save them the obligation to pay overnight fees.
👉 In addition, Weltrade provides the choice to switch to a Swap-Free Account for each of the provided trading accounts. Converting a live trading account to an Islamic Account is free of charge for practicing Muslims.
Weltrade Professional Account
👉 For experienced investors, Weltrade provides the Premium Account and the Pro Account. The benefits offered to Rwandans using these accounts include the following list:
➡️ A deal typically takes between 0.5 and 0.8 seconds to execute.
➡️ Major instrument spreads begin at 0.5 points (pips).
➡️ There are zero commission fees.
➡️ There is market execution and pricing.
➡️ Rwandans can access leverage up to 1:1000.
➡️ There is a minimum needed margin of 20%, with a stop-loss level of 10%.
➡️ There is no maximum restriction on the amount of money that can be maintained in the account.
Weltrade Spread Betting Account
👉 Traders from the EU and the UK cannot open accounts offered by Weltrade.
Weltrade Base Account Currencies
👉 The base currency of your account is the one in which your balance is kept. Currency serves as a unit of account for buying and selling. The “base currency” refers to the currency in which the records of a certain investment are maintained.
👉 The first currency in a currency pair is the “base currency.” In contrast, the second currency is known as the “quote currency” in the foreign exchange market.
👉 To give two examples, Weltrade supports the US dollar (USD) and the euro (EUR) as account base currencies.
👉 It is in your best interest to have your trading account at Weltrade and the bank account you use for withdrawals and deposits in the same currency. If your bank charges you a fee when you make a withdrawal or convert money, Weltrade has no control over it.
Weltrade Basic Order Types
👉 Any Rwandan trader who opens an account with Weltrade may know that their trades will be executed according to the broker’s STP guidelines. Therefore, here is a summary of the normal execution timeframes that traders might expect:
➡️ Micro Account – from 0.9 seconds
➡️ Universe Account – from 0.4 seconds
➡️ Premium Account – from 0.8 seconds
➡️ Pro Account – from 0.5 seconds
➡️ Digital Account – from 0.7 seconds
➡️ ZuluTrade Account – from 0.7 seconds
Pros and Cons Weltrade Account Types and Features
| ✔️ Pros | ❌ Cons |
| Weltrade has competitive trading conditions | ECN accounts and execution are not given |
| The broker charges floating spreads | The execution speeds on trades are slower than competitors |
| Rwandans can easily view the spread list on Weltrade’s website | |
| Weltrade does not have any hidden fees |
Weltrade MAM / PAMM Features
👉 Weltrade does not offer Percentage Allocation Money Management (PAMM) or Multi-Account Manager (MAM) Accounts.
Social Trading with Weltrade
👉 Through Weltrade social trading, users can easily mimic the trades of the platform’s most successful traders. Rwandans can also communicate with other traders in a Meta-like setting thanks to Weltrade’s social trading capabilities.
👉 The main concept is connecting with other traders on the Weltrade platform and discussing potential investments.
Broker Comparison
| 🥇 Weltrade | 🥈 Windsor Brokers | 🥉 InstaForex | |
| ⚖️ Regulation | SVG FSA, FSCA | FSC, CySEC, JSC, FSA, CMA | FCA, BVI FSC, CySEC, FSA SVG |
| 💻 Trading Platform | • Weltrade Terminal • MetaTrader 4 • MetaTrader 5 | • MetaTrader 4 • Windsor Brokers App | • MetaTrader 4 • MetaTrader 5 • WebIFX • InstaForex Multi-Terminal • InstaForex WebTrader • InstaTick Trader • InstaForex MobileTrader |
| 💵 Withdrawal Fee | Yes | Yes | Yes |
| ✔️ Demo Account | Yes | Yes | Yes |
| 💰 Min Deposit | 1,000 RWF ($1) | 100,000 RWF ($100) | 1,000 RWF ($1) |
| 📊 Leverage | 1:1000 | • 1:400 Botswana • 1:500 Other regions | 1:1000 |
| 📈 Spread | From 0.0 pips | Variable, from 0.0 pips | 0.0 pips |
| 💸 Commissions | 1.5 pips | $8 Round Turn | 0.03% to 0.07% |
| 🛑 Margin Call/Stop-Out | • 20% – 40% • 10% – 20% | 100%/20% | 30%/10% |
| 📲 Order Execution | Market | Market, Instant | Instant |
| ✔️ No-Deposit Bonus | No | Yes | Yes |
| ✅ Cent Accounts | Yes | No | Yes |
| 💻 Account Types | • Micro Account • Universe Account • Premium Account • Pro Account • Digital Account • ZuluTrade Account | • MT4 Zero Account • MT4 Prime Account • VIP ZERO | • Insta.Standard Trading Account • Insta.Eurica Trading Account • Cent.Standard Trading Account • Cent.Eurica Trading Account |
| ⚖️ BNR Regulation | No | Yes | No |
| 💵 RWF Deposits | No | No | Yes |
| ✔️ Rwandan franc Account | No | No | No |
| 📞 Customer Service Hours | 24/7 | 24/5 | 24/5 |
| 🛍 Retail Investor Accounts | 6 | 3 | 4 |
| ☪️ Islamic Account | No | Yes | Yes |
| 📉 Minimum Trade Size | 0.01 pips | 0.01 lots | 0.01 lots |
| 📈 Maximum Trade Size | 150 lots | 50 lots | 100 lots |
| 📊 Minimum Withdrawal Time | 30 Minutes | Instant | Instant |
| ⏱ Maximum Estimated Withdrawal Time | Several Days | Maximum 5 to 7 working days | Up to 6 working days |
| ✔️ Instant Deposits and Instant Withdrawals? | Yes | Yes | Yes |
Weltrade Trading Platforms
👉 Weltrade offers Rwandan Traders a choice between these trading platforms:
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ Weltrade Terminal
Desktop Platforms
➡️ MetaTrader 4
➡️ MetaTrader 5
MetaTrader 4
👉 Foreign exchange brokers like Weltrade can license MT4 and make it available to their customers. In addition, it is a free forex trading platform that enables various advanced trading tactics, such as algorithmic trading on mobile devices and extensive trend analysis features.
👉 MT4 is an excellent platform to employ if you want to automate your trading. Rwandans can anticipate a user-friendly interface, sophisticated technical analysis, and customizable trading approaches.
MetaTrader 5
👉 MetaTrader 5 is a free trading platform that facilitates technical analysis and trade execution in the foreign exchange and currency markets. MetaTrader 5 may be used to trade foreign exchange, contracts for difference (CFDs), stocks, and futures.
👉 It is a platform for trading several assets and powerful tools for analysing them in detail. It also facilitates the exchange of foreign currency, stocks, and futures.
👉 MT5 offers many advantages since it is a comprehensive trading platform with high-quality analytical tools, a modern interface, and the capacity to monitor many charts simultaneously, often reserved for the most advanced financial organizations.
WebTrader Platforms
➡️ MetaTrader 4 and 5
➡️ Weltrade Terminal
MetaTrader 4 and 5
👉 MetaTrader 4 and MetaTrader 5 are available online for those who would rather not download the trading platforms.
👉 Web-based platforms are just as quick and trustworthy as their desktop equivalents in performance. Also, it has every extra function that any trader could need, no matter how unskilled.
Weltrade Terminal
👉 It is possible to place transactions on Weltrade, which is a web-based trading platform. Weltrade will act as the intermediary in this financial transaction by facilitating transactions and monitoring open positions.
👉 Weltrade is a web-based FX trading platform where users may initiate and cancel trades without downloading any additional software.
👉 Traders may check the status of their open and closed positions, see the Bid-Ask spread, and place Stop Loss and Take Profit orders all from their web browser.
Trading App
👉 MetaTrader4 (MT4) and MetaTrader 5 (MT5) are available for download in Rwanda and can be used on any iOS, Android, or Windows mobile device.
👉 By linking the mobile app to the same account as the desktop software, traders can enjoy a synchronized trading experience regardless of location.
👉 A trader may still adjust orders, figure profits and losses, and trade directly from the charts. However, customers need to know that there are limitations compared to trading platforms on personal computers.
Pros and Cons Weltrade Trading Platforms
| ✔️ Pros | ❌ Cons |
| MT4 and MT5 are offered on desktop, mobile, and internet browsers | There is no desktop app for the Weltrade terminal |
| Weltrade’s platform does not need additional downloads, and traders can use it from anywhere in the world |
Weltrade Investment Programs
👉 Neither PAMM nor MAM solutions are available through Weltrade. Weltrade offers more than just ZuluTrade’s social and copy trading services.
👉 Having prior knowledge or training to use the ZuluTrade MQL5 platform is unnecessary. In addition, the built-in duplication feature means you may avoid manually entering duplicate transactions.
👉 Investors use copying services to imitate a selected expert trader’s trades automatically. The investor will also pay the broker a commission equal to a share of profits from the deal.
Which Markets can You Trade with Weltrade?
👉 Rwandan Traders can expect the following range of markets from Weltrade:
➡️ Forex
➡️ Share CFDs
➡️ Indices
➡️ Cryptocurrency
➡️ Metals
➡️ Energies
Financial Instruments and Leverage offered by Weltrade
| 🔨 Instrument | ✔️ Number of Assets Offered | 📈 Maximum Leverage Offered |
| ➡️ Forex | 37 | 1:1000 |
| ➡️ Precious Metals | 214 | 1:33 |
| ➡️ Indices | 14 | 1:100 |
| ➡️ Share CFDs | 39 | 1:2 |
| ➡️ Differentials | 4 | 1:100 |
| ➡️ Futures | 2 | 1:100 |
Broker Comparison for Range of Markets
| 🥇 Weltrade | 🥈 Windsor Brokers | 🥉 InstaForex | |
| ➡️️ Forex | Yes | Yes | Yes |
| ➡️️ Precious Metals | Yes | Yes | Yes |
| ➡️️ ETFs | No | Yes | No |
| ➡️️ CFDs | Yes | Yes | Yes |
| ➡️️ Indices | Yes | Yes | Yes |
| ➡️️ Stocks | Yes | Yes | Yes |
| ➡️️ Cryptocurrency | Yes | Yes | No |
| ➡️️ Options | No | No | No |
| ➡️️ Energies | Yes | Yes | Yes |
| ➡️️ Bonds | No | No | Yes |
Weltrade Trading and Non-Trading Fees
Spreads
👉 Spreads for Rwandans trading on Weltrade will change based on several factors, such as the trading account type, the financial instrument being traded, and the current market conditions. Standard EUR/USD spreads for the various account types are as follows:
➡️ Micro Account – from 1.5 pips
➡️ Universe Account – from 0.0 pips (typical 0.5 pips)
➡️ Premium Account – from 1.5 pips
➡️ Pro Account – from 0.5 pips
➡️ Digital Account – from 0.0 pips (typical 2 pips)
➡️ ZuluTrade Account – from 2.9 pips
Commissions
👉 Weltrade offers the Micro, Universe, Premium, Pro, and Digital Account without charging any commissions. Therefore, these accounts have marked-up spreads to cover Weltrade’s broker fee. The ZuluTrade Account, however, has commissions from 1.5 pips.
Overnight Fees, Rollovers, or Swaps
👉 When Rwandan traders keep a position open for longer than 24 hours, they can either receive or pay overnight fees, depending on their position (long or short).
👉 These fees are determined by the financial instrument, the time the position is held open, and the position size.
👉 Weltrade offers a transparent overnight fee schedule on the official website. First, however, Rwandans can familiarize themselves with the overnight fees of EUR/USD and BTC/USD, two of the most popular instruments on the market, to get an idea of what they can expect.
| 💻 Account Type | 🔧 Instrument | 📈 Swap Long (Buy) | 📊 Swap Short (Sell) |
| Micro Account | EUR/USD | -0.75 pips | 0.10 pips |
| Universe Account | EUR/USD | -0.006% | 0.00084% |
| Premium Account | EUR/USD | -0.75 pips | 0.10 pips |
| Pro Account | EUR/USD | -0.75 pips | 0.10 pips |
| ZuluTrade Account | EUR/USD | -0.75 pips | 0.10 pips |
| Digital Account | BTC/USD | -20% | -20% |
Deposit and Withdrawal Fees
👉 When a trader from Rwanda finances their account to begin trading, they will not incur any costs from Weltrade. It is important to note that withdrawals are subject to certain charges. Here is a rundown of what you might expect to pay:
➡️ Debit/Credit Card
➡️ 2% plus 3 USD
➡️ 2% plus 3 EUR
➡️ 9% and a minimum of 50 RUB
➡️ Skrill – 1%
➡️ Neteller – 2% with a minimum of 1 USD
➡️ Crypto
➡️ BTC – 1%, minimum 0.0003 BTC
➡️ ETH – 1%, minimum 0.01 ETH
➡️ LTC – 1%, minimum 0.01 LTC
➡️ USDT (TRC-20) – 1%, minimum 0.01 USDT
➡️ Perfect Money – 0.5%
➡️ Fasapay – 0.5%, minimum 0.01 USD and maximum 5 USD
Inactivity Fees
👉 Inactivity fees will apply to a trading account if it is left unattended with no trading activity for three months. The inactivity fee charged by Weltrade is $15, which will be deducted monthly until the account balance reaches zero. Once this happens, the account will be terminated automatically.
Currency Conversion Fees
👉 When deposits and withdrawals are made in currencies other than the supported base currency of a trading account, traders incur currency conversion fees.
Weltrade Deposits and Withdrawals
Weltrade offers the following deposit and withdrawal methods:
➡️ Credit/Debit Card
➡️ Skrill
➡️ Neteller
➡️ Crypto
➡️ Perfect Money
➡️ Indonesian Local Bank
➡️ Fasapay
Broker Comparison: Deposit and Withdrawals
| 🥇 Weltrade | 🥈 Windsor Brokers | 🥉 InstaForex | |
| Minimum Withdrawal Time | 30 Minutes | Instant | Instant |
| Maximum Estimated Withdrawal Time | Several Days | Maximum 5 to 7 working days | Up to 6 working days |
| Instant Deposits and Instant Withdrawals? | Yes | Yes | Yes |
Weltrade Deposit Currencies, Deposit and Withdrawal Processing Times
| 💰 Payment Method | 💵 Accepted Currencies | 💰 Deposit Processing | 💵 Withdrawal Processing |
| Credit/Debit Card | USD, RUB, EUR | Instant | 30 minutes |
| Skrill | USD | Instant | 30 minutes |
| Neteller | USD, EUR, RUB | Instant | 30 minutes |
| Crypto | BTC, ETH, LTC, USDT TRC-20 | Instant | 30 minutes |
| Perfect Money | USD, EUR | Instant | 30 minutes |
| Indonesian Local Bank | IDR | 24 hours | 30 minutes |
| Fasapay | USD, IDR | Instant | 30 minutes |
How to Deposit Funds with Weltrade
👉 To deposit funds to an account with Weltrade, Rwandan Traders can follow these steps:
➡️ When logged into the client site, traders can fund their accounts by clicking “Deposit” in the drop-down menu.
➡️ Traders have various options for funding their accounts and may select the one that works best for them.
➡️ Once Rwandans have decided on a currency and entered the minimum amount, they wish to deposit, the transaction may be finalized.
➡️ Traders can take any further steps necessary to verify and complete their deposits.
Weltrade Fund Withdrawal Process
👉 To withdraw funds from an account with Weltrade, Rwandan Traders can follow these steps:
➡️ Traders can access their funds by logging into their account.
➡️ Investors can find the appropriate option in the “funds” or “accounts” menu.
➡️ To start withdrawing money from your Weltrade account to your bank account, use the “withdraw funds” button.
➡️ Getting money from your Weltrade account is simple and takes the firm no more than 30 minutes to process a request.
Weltrade Education and Research
Education
👉 More brokers are making resources like articles, videos, webinars, and courses available to their clients to help them become better traders.
👉 For instance, Weltrade’s account users may attend live or on-demand seminars that demystify the nuances of various financial markets. Account holders can attend these lectures whenever they would like.
👉 Weltrade provides the following educational resources:
➡️ Training
➡️ Seminars
Research and Trading Tool Comparison
| 🥇 Weltrade | 🥈 Windsor Brokers | 🥉 InstaForex | |
| Economic Calendar | Yes | Yes | Yes |
| VPS | No | No | No |
| AutoChartist | No | No | No |
| Trading View | No | No | No |
| Trading Central | No | No | No |
| Market Analysis | Yes | Yes | Yes |
| News Feed | Yes | Yes | Yes |
| Blog | Yes | Yes | Yes |
👉 And unlike many of its rivals, Weltrade does not provide its traders with a free VPS (VPS). Additional Research and Trading Tools made available by Weltrade to Rwandan traders include:
➡️ Economic Calendar
➡️ Trading Calculator
Weltrade Bonuses and Promotions
➡️ Demo Trading Contest where Rwandans can earn $20,000.
➡️ Introducing Brokers (IB) contest with prizes up to $25,000.
➡️ Trading Contest to win an iPhone 13 Pro Max.
➡️ Astro Cards and Spinner Games.
➡️ 100% credit bonus for MT5 accounts.
How to open an Affiliate Account with Weltrade
👉 To register an Affiliate Account, Rwandan Traders can follow these steps:
➡️ Weltrade’s affiliate program requires an IB account, which may be opened by visiting the website’s “Partners” page.
➡️ Share your unique affiliate link with your connections via email or social media.
➡️ Utilize the data and tools provided by Weltrade to monitor your affiliates’ development while remaining certain that you will be compensated fairly.
Weltrade Affiliate Program Features
👉 Affiliate traders stand to gain more by taking part in the scheme. When it comes to a partner’s monthly take-home pay, the amount they earn is based on the firm’s monthly revenue. The system reviews the partner’s sales data every month and adjusts their standing appropriately.
👉 With Weltrade’s three tiers of affiliate commission, Rwandan partners could reap some of the following financial rewards:
➡️ Standard – up to 65% of earnings per client.
➡️ Professional – up to 75% earnings per client.
➡️ Expert – 85% earnings per client.
Weltrade Customer Support
👉 Customers who have already begun utilizing the Weltrade service and have questions about how it works can contact multilingual customer support for help.
👉 Traders with queries regarding Weltrade’s offer can contact any customer support office or use the email address. Alternatively, traders can contact Weltrade using the live chat function provided.
| Customer Support | Weltrade’s Customer Support |
| ⏰ Operating Hours | 24/7 |
| 🗣 Support Languages | Multilingual |
| 🗯 Live Chat | Yes |
| 📧 Email Address | Yes |
| 📞 Telephonic Support | Yes |
| ✔️ Local Support in Rwanda? | No |
| 🥇 Overall quality of Weltrade Support | 3/5 |
Weltrade Corporate Social Responsibility
👉 Weltrade does not currently address its CSR on the official website.
Additional Features of Weltrade
👉 Weltrade does not offer any additional features that have not been covered in this comprehensive broker review.
Financial Reports
👉 Financial Reports for Weltrade are not publically available on the official website.
Weltrade Future Vision
👉 Igor Galkin, Weltrade’s current CEO, claims the broker makes every effort to provide its customers with a wide range of trading opportunities, clear and concise conditions, and a secure trading environment.
Weltrade Risk Warning and Disclaimer for Rwandans
👉 Traders need to be aware that there is a considerable risk of loss. As a result, people must assess their financial situation before starting a business. The trader’s losses on investments or transactions are not Weltrade’s responsibility.
👉 Foreign currency and margin trading have inherent risks, including adverse political, economic, and natural catastrophe situations. Therefore, traders must admit that speculative trading is difficult, regardless of degree or expertise.
Our Final Verdict on Weltrade
👉 Weltrade is working hard to strengthen its direct relationship with its customers, as seen by its various accolades for its customer service.
👉 Clients have access to many innovative trading tools and statistics when they use the MT4 and MT5 platforms, giving them limitless chances for growth.
👉 In addition, Weltrade has a wide variety of account kinds, all of which have acceptable required initial deposits and can be accessed using MetaTrader.
👉 Even if there is not a huge selection of assets to choose from and not a lot of training material, demo contests and other prizes are available could be enough to draw in novice traders.
Weltrade Alternatives
➡️ CM Trading – CM Trading has more than 1 million clients and is a well-regulated broker with a choice between flexible retail accounts, negative balance protection, and some of the best trading software, education, and advanced trading tools.
➡️ Axi – Axi is a Metatrader-only broker that offers some of the best next-gen plugins for the popular platform. Axi also provides ECN trade execution with low trading and non-trading fees and the benefit that a minimum deposit is not required.
➡️ XM – Traders who register an account with XM will benefit from low and competitive spreads, powerful trading platforms, and some of the best educational materials and advanced trading tools.
FAQ
Is Weltrade regulated?
Weltrade is overseen by the Tier-2 regulator FSCA and the Tier-3 regulator SVG FSA.
Is Weltrade Safe or a Scam?
Weltrade is regulated, provides client fund protection, and has a trust score of 89%, making it a secure broker.
Does Weltrade have a no-deposit bonus?
Weltrade does not currently offer a no-deposit bonus.
Does Weltrade have Volatility 75?
Weltrade does not currently offer Volatility 75 or VIX as a tradable instrument.
Which trading instruments does Weltrade offer?
Weltrade offers forex, share CFDs, commodities, indices, and cryptocurrencies.
How long does it take before I receive my withdrawal from Weltrade?
Withdrawals are processed 24/7 within 30 minutes. However, it could take longer for your funds to reach your bank account, based on the payment method you used and your bank’s internal processes.
Does Weltrade have Nasdaq?
Weltrade offers Nasdaq under the “NDXUSD” listing, with spreads that start from 2 pips.
Conclusion
Our Review Methodology
👉 For each of our broker evaluations, we investigate, evaluate, analyze, and compare what we feel to be the most crucial criteria to consider when selecting a broker.
👉 This evaluation comprises positives, disadvantages, and an overall score based on our findings. We want to assist you in locating the ideal broker for your requirements.
👉 Our broker review should not be considered financial advice. However, Rwandan traders are urged to seek professional financial advice before making any investment or trading decisions.
👉 Now it is your turn to participate:
➡️ Do you have any prior experience with Weltrade?
➡️ What was the determining factor in your decision to engage with Weltrade?
➡️ Was it because of the minimum deposit, regulation, retail trading accounts, or other factors?
➡️ Have you experienced issues with Weltrade, such as difficulty withdrawing funds, inability to verify regulations, irresponsive customer support, etc.?
👉 Regardless, please share your thoughts in the comments below.
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