Weltrade Broker Review 2025: Read Before Trading

As of June 11, 2025, Weltrade, a broker operating out of Saint Vincent and the Grenadines, continues to draw attention from traders worldwide. With a presence spanning over 15 years and offerings that include MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, Weltrade positions itself as a seasoned player in the forex trading market. However, recent data raises questions about its reliability and trustworthiness. This review delves into the brokers licensing, operational performance, user feedback, and overall reputation to provide a balanced perspective for potential traders.

Licensing and Regulatory Status

Weltrades regulatory framework is a critical aspect of its credibility. The broker claims regulation in multiple jurisdictions, including South Africa, Belarus, and Belize. However, a closer examination reveals significant concerns:

• South Africa (FSCA): Weltrade SA (Pty) Ltd holds a Financial Service Corporate license (No. 50691), effective from May 13, 2021. However, this license has been marked as “Exceeded,” suggesting non-compliance with regulatory standards.
• Belarus (National Bank): The brokers license (No. 192727233), issued to SystemGates Limited on May 11, 2017, has been revoked, indicating a loss of authorization in this region.
• Belize (FSC): Similarly, the Retail Forex License (IFSC/60/350/TS/17) for Systemgates Capital Ltd has also been revoked, further casting doubt on its regulatory standing.

These revocations and the “Exceeded” status in South Africa suggest that Weltrade may no longer meet the necessary compliance requirements, a red flag for traders seeking a secure trading environment. The companys registered address in Saint Vincent and the Grenadines, a jurisdiction known for lax oversight, adds to the concerns about its regulatory oversight.

Operational Performance and Technical Insights

Weltrade offers trading through MT4 and MT5 platforms, with full licenses for both. The broker provides access to 2 MT4 servers and 2 MT5 servers, boasting an average execution speed of 206.61 ms. Detailed server performance includes:

• Weltrade-Real (MT5): 8 users, leverage options of 500/200/100/75, with a server IP of 23.***.141 and a ping of 2 ms.
• Weltrade-Live (MT4): 3 users, similar leverage options, server IP 51.***.32, and a ping of 2 ms.
• Weltrade-Demo (MT4): 2 users, leverage up to 500/200/100/50, server IP 178.***.213, with a higher ping of 161 ms.

Despite these technical specifications, the environmental performance raises concerns. Transaction speed averages 856.5 ms, rated as “Poor,” with the highest transaction speed at 16 ms (“Perfect”) and the lowest speed of opening positions at 1993 ms (“Poor”). The highest speed of closing positions is 16 ms (“Perfect”), but the overall grade of “D” and a ranking of 129 out of 130 test users indicate subpar performance. This sluggish execution could impact trading outcomes, especially for high-frequency traders.

User Experience and Feedback

User reviews provide a mixed but predominantly negative picture of Weltrade. The latest feedback from the provided images highlights several issues:

• Withdrawal Problems: Multiple users report difficulties withdrawing funds, with one stating, “I am unable to withdraw $52,000 from the platform,” citing delays and unfulfilled requests.
• Customer Support: Complaints include unresponsive support, with users noting, “Customer service is terrible, no response to my queries.”
• Platform Reliability: Some users experienced disconnections and slow execution, with one review mentioning, “The platform often lags, affecting my trades.”
• Positive Notes: A few users praise the educational resources and initial ease of account setup, with one saying, “Good for beginners with lots of learning materials.”

The overall sentiment leans toward caution, with a “Danger” rating from surveys and a low score of 2.50 out of 10. The presence of 13 complaints in the last three months further underscores potential issues with service delivery.

Company Background and Physical Presence

Weltrade, operated by Systemgates Ltd, has been in operation for 15-20 years, positioning itself as a veteran in the forex market. The companys website (https://www.weltrade.com) and customer service email (info@weltrade.com, +442034116458) are listed, but a field survey conducted on June 11, 2025, in South Africa revealed no physical office at the registered address (46 Fairmount Avenue, Fairmount, Johannesburg). Investigators found the location to be a private residence, with no signage or indication of a brokerage operation. This lack of a verifiable physical presence aligns with the revoked licenses and suggests a potential operational disconnect.

Risk Assessment and Warnings

The combination of revoked licenses, poor transaction speeds, and negative user feedback warrants a strong cautionary stance. The brokers rating index shows a business score of 9.02, a risk control score of 0.00, and a software score of 8.87, yet the overall rating of 2.50 reflects significant weaknesses. A warning issued on June 11, 2025, advises traders to “stay away” due to the high number of complaints and regulatory issues. The occupied margin of $3,812,050 USD and 28,542 orders from 1,161 test users indicate active usage, but this does not mitigate the underlying risks.

Pros and Cons

• Pros:
• Long operational history (15-20 years).
• Full licenses for MT4 and MT5 platforms.
• Educational resources are available for beginners.
• Cons:
• Revoked licenses in multiple jurisdictions.
• Poor transaction speeds and environmental performance.
• Significant withdrawal and support issues were reported by users.
• No physical office at the registered address in South Africa.

Conclusion and Recommendation

Weltrades long tenure in the forex market is overshadowed by serious regulatory and operational red flags. The revocation of licenses in Belarus and Belize, coupled with an “Exceeded” status in South Africa, suggests a decline in compliance and oversight. The lack of a physical office, slow transaction speeds, and numerous user complaints about withdrawals and support further erode trust. While the broker may still attract traders with its platform offerings and educational content, the risks appear to outweigh the benefits as of mid-2025.

For traders considering Weltrade, thorough due diligence is essential. It is advisable to explore alternative brokers with stronger regulatory backing and proven reliability. The data suggests that Weltrade may not be a trustworthy option at this time, and potential users should proceed with caution or seek brokers with a more robust track record and current regulatory approval.

This review is based on the latest available information and user experiences as of June 11, 2025, and should be used for informational purposes only. Traders are encouraged to conduct their own research and consult with financial advisors before making investment decisions.

Interested in finding out more about Weltrade? Check out their detailed profile at https://www.wikifx.com/en/dealer/9161578493.html for the latest information!