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Weltrade Fees and Spreads

WelTrade Fees and Spreads

 

 

 

Overall Rating

4.1/5

Rated #565 of 
Recommended FX Brokers

💰Minimum Deposit

USD 25

🌐 Regulators

IFSC

📱 Trading Desk

MetaTrader 4 

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Weltrade does not charge commission on four out of the five accounts with spreads from 0.0 pips.

Weltrade doesn’t charge any account or deposit fees, while withdrawal fees are charged. Weltrade also charges an inactive fee of $15 per month.

 

Finding a reputable list about Weltrade Fees and Spreads local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below is an in-depth Fees and Spreads review regarding this regulated Forex Company, which will assist traders and allow traders to invest in their currency.

 

Fees and Spreads

Weltrade’s spreads start from 0.0 pips on the Digital Account

The spread list that traders can expect from the variety of trading accounts is as follows:

  • Micro Account – spreads from 1.9 pips.
  • Premium Account – spreads from 1.9 pips.
  • Pro-Account – spreads from 0.5 pips.
  • ZuluTrade Account – spreads 2.9 pips.
  • Digital Account – spreads from 0.0 pips.

Four of the five Weltrade account types do not have commissions charged on trades. However, with the ZuluTrade Account, traders are charged 1.5 points per trade.

 

Additional Trading Fees

When factoring in costs, traders should also be aware of the $15 monthly inactivity fee charged to unused accounts after three months. Overnight fees, or swap fees, are also charged to positions held overnight.

The overnight fees that traders can expect will depend on whether they hold a long or a short position overnight, the financial instrument being held, and the account type the trader uses.

The fees for each of the financial instruments offered by Weltrade are clearly indicated on the website for each instrument and account type.

Swaps on some of the most popular instruments on the Pro Account include:

  • EUR/USD – -0.75 in a long position and 0.10 in a short position.
  • EUR/GBP – -0.20 in a long position and -0.15 in a short position.
  • XAG/USD – -0.50 in a long position and -0.75 in a short position.
  • XTI/USD – -20.00 in a long position and -5.00 in a short position.

Weltrade offers Muslim traders the option of converting any of the live trading accounts offered into that of an Islamic Account. In addition, Weltrade is not a spread betting broker, so spread betting fees will not apply.

 

Overall Rating

4.1/5

Rated #565 of 
Recommended FX Brokers

💰Minimum Deposit

USD 25

🌐 Regulators

IFSC

📱 Trading Desk

MetaTrader 4 

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Broker Fees

Weltrade does not charge any deposit fees, however, there are withdrawal fees charged on the following payment methods:

  • Debit/Credit Card – 1.2% + 3 USD for withdrawals in USD and 1.2% + 2.7 EUR for withdrawals in EUR.
  • Skrill and Qiwi – 1%
  • Neteller – 2% with a minimum of 1 USD.
  • Crypto-Wallets – 1% on BTC with a minimum of 0.0003 BTC, 1% on ETH with a minimum of 0.01 ETH, 1% on LTC with a minimum of 0.01 LTC, 1% on XRP, and 1% on EOS.
  • WebMoney – 0.8% maximum.
  • Perfect Money – 0.5%
  • FasaPay – 0.5% with a 0.01 USD minimum and 5 USD maximum.

There are no added broker fees indicated such as inactivity fees or currency conversion fees, however, these conditions may change from the time of writing according to the broker’s discretion. Therefore, traders must verify both trading and non-trading fees with the broker before registering a live trading account.

 

Pros and Cons

✔️PROS ❌ CONS
Commission-free trading offered Limited deposit currencies
Deposit fees not charged Spreads are not the tightest
Islamic account option offered Withdrawal fees charged
Low minimum deposits
Transparent fee schedule
Variety of trading accounts

 

You might also like: Weltrade Minimum Deposit

You might also like: Weltrade Demo Account

You might also like: Weltrade Sign up Bonus

You might also like: Weltrade Account types

You might also like: Weltrade Islamic Account

 

 

FAQ’s

 

How many instruments can I trade with Weltrade?

You can trade any of the following:

  • Forex
  • Metals
  • Commodities

 

Which platforms are supported by Weltrade?

MetaTrader 4 and MetaTrader 5.

 

Does Weltrade offer leverage?

Yes. Traders have access to leverage from 1:1 up to 1:1000 depending on the account type and financial instrument being traded.

 

What spreads can I expect with Weltrade?

Spreads start from 0.0 pips on the Digital Account.

 

Does Weltrade charge commission?

Yes. Commissions of 1.5 points are charged on the ZuluTrade Account.

 

Are there additional charges on the Islamic account?

No, not that can be discerned from the Weltrade website. Traders must, however, verify this with the broker.

 

Is Weltrade regulated?

No. Weltrade is not regulated.

 

Is Weltrade a recommended forex trading broker for experts and beginners?

Weltrade may cater to both beginners and experts, but the broker is unregulated and therefore not recommended for traders of any kind.

 

What is the overall rating out of 10 for Weltrade?

6/10.

 

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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