MTrading vs WelTrade - Fees Review included
Which broker is better MTrading or WelTrade? Our expert assessment conducted according to TU’s own methodology showed that MTrading is one of the top brokers in the financial market with the TU Overall Score of 3.04 out of 10. WelTrade is one of the top brokers in the financial market with the TU Overall Score of 6.63 out of 10. Find out more about TU Overall Score.
| Feature | MTrading | WelTrade |
|---|---|---|
Overall |
3.5 |
4.2 |
1 |
3.5 |
|
3.8 |
4.1 |
|
3.6 |
3.8 |
|
Investment Instruments |
3.5 |
4.4 |
Platforms and Charting Tools |
3.6 |
4.5 |
Deposit and Withdrawal |
4 |
5 |
Research |
3.5 |
4 |
Education |
3.5 |
3.8 |
Support |
4.1 |
4.6 |
Bonuses |
4.2 |
4.3 |
|
|
|
MTrading vs WelTrade: Pros and Cons
“MTrading” broker is the company that presents its brokerage services in the field of online-trading, giving a possibility to deal with currencies, precious metals, securities, etc. “MTrading” company offers to use up-to-date and advanced software, which will allow you to carry out an efficient trading on the financial markets regardless of your experience.
Weltrade is an international broker. It has been in operation since 2006 and has offices in 18 countries that serve over 100,000 traders worldwide. The Company provides a full range of active trading services and also supports auto-trading. Weltrade has repeatedly proven its responsibility and professionalism. According to the 2019 Asia Forex Expo, the company received the “Best Foreign Broker” award; and in 2017, it was awarded the “Broker with the Best Client Support” title. In 2015, the Weltrade broker won the "Best Affiliate Program” nomination.
| MTrading | WelTrade | |
|---|---|---|
| Overall Pros | Low minimum deposit requirements | beneficial trading conditions |
| Demo account is free and available | a wide range of financial instruments for trading: currency pairs, indices, stocks, goods, cryptocurrencies | |
| Copy trading avaible | ability to open different types of accounts, depending on clients’ goals and expertise | |
| individual account for cryptocurrency trading | ||
| several services for successful traders’ transactions, such as copying; ZuluTrade & MQL5, as well as access to robots and ready indices | ||
| regular promotions and contests for traders | ||
| Overall Cons | Not regulated | no PAMM investments |
| No cent accounts | withdrawals can take up to 30 minutes |
MTrading vs WelTrade: Safety and Regulation
| Regulated By: | MTrading | WelTrade |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
No |
CySec (Cyprus, EU) |
No |
No |
ASIC (Australia) |
No |
No |
Other Regulators |
No |
Commission on International Financial Services (jurisdiction - Belize) |
MTrading vs WelTrade: Trading Conditions
| Trading Conditions | MTrading | WelTrade |
|---|---|---|
Minimum Deposit |
$1 |
$25 |
Trading Platforms |
MetaTrader 4, MT4 Multiterminal, MT4 Supreme Edition, MT4 Web Trader |
MetaTrader 4, MetaTrader 5, MetaTrader 4 MultiTerminal, WebTrader |
Max Leverage (Futures) |
1-1000 |
1-1000 |
Supported Markets |
Forex, Stocks, Commodities, Indices |
Forex, metals, CFD shares, indices, goods, cryptocurrencies |
Trading assets |
100+ |
200+ |
Trading Accounts |
Demo, M.Premium, M.Pro |
Demo, Micro, Premium, Pro, ZuluTrade, and Crypto |
Base Account Currencies |
EUR, USD, RUB |
USD, EUR |
MTrading vs WelTrade: Fees
Forex Trading Fees
| Fee | MTrading | WelTrade |
|---|---|---|
Standard Account EURUSD Average Spread |
1.2 pips |
1.4 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
Not supported |
Not supported |
ECN Account EUR Average Spread |
Not supported |
Not supported |
CFD Trading Fees
| Fee | MTrading | WelTrade |
|---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread |
Non-Trading Fees
| Fee | MTrading | WelTrade |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
Visa/Mastercard - 1,5%; Perfect Money - 1%; Wire transfer/Skrill/Neteller - 0% |
No |
Withdrawal Fee |
Visa/Mastercard - 1,5%; Perfect Money - 1%; Wire transfer - 0%; Skrill/Neteller - 3% |
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% |
Inactivity Fee |
No |
$15 per month after 3 months of inactivity |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
MTrading vs WelTrade: Trading Assets
| Asset Name | MTrading | WelTrade |
|---|---|---|
Overall |
100+ |
200+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes |
Cryptocurrencies |
No |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes |
ETFs |
No |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
MTrading or WelTrade: Investment Programs
| Asset Name | MTrading | WelTrade |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
Yes |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: WelTrade or MTrading
| MTrading | WelTrade | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
No |
Yes |
cTrader |
No |
No |
Appropriate platform |
No |
No |
Others |
No |
Webtrader |
|
|
|
MTrading vs WelTrade: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | MTrading | WelTrade |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
No |
Yes |
MTrading vs WelTrade: Research
| Research Type | MTrading | WelTrade |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
No |
No |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
No |
E-Mail Reports |
No |
No |
MTrading vs WelTrade: Education
| Education Type | MTrading | WelTrade |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
No |
Videos |
No |
Yes |
Cent account |
No |
No |
WelTrade vs MTrading: Support
| Support Features | MTrading | WelTrade |
|---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
No |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
MTrading vs WelTrade: Forex Bonuses and Promo
| Promo | MTrading | WelTrade |
|---|---|---|
Forex Bonus |
Welcome Bonus 30$, Deposit Bonus up to 200%. |
No |
Affiliate Program |
Yes |
For each invited trader, the client can receive $10 |
Other Promos |
Bonus of 100% with each replenishment of the trade account with the amount of USD/EUR 200. |
|
|
|
|
Top 5 Reviews on WelTrade
-
Comment
I started collaborating with the broker Weltrade when I became interested in cryptocurrency. Here, speculative trading was offered on the MT4 platform. Of course, with such trading, there was no actual purchase of cryptocurrency, but speculations, especially with margin trading, attracted me. Later on, I started trading with regular currency pairs as well. I consider Weltrade to be a decent company.
-
Comment
Weltrade cannot be trusted. They tell beautiful stories and offer favorable conditions. But in fact, weltrade does everything to ensure that your money stays with them forever. I traded here for four months and lost my entire deposit due to technical glitches. Nobody returned my money.
-
Comment
Tried trading with Weltrade, and honestly, I didn't like it. I'm not going to stay on a platform where the order execution speed is very slow. Even two seconds for order processing is too much, and with Weltrade, orders are processed in 30 seconds or more. This is crucial for me. I don't see the point. Besides, I can't say I'm thrilled with the conditions. This broker is not my choice!
-
Comment
Weltrade has good conditions only in words. But in fact, they are ordinary scammers who register accounts in a company with offshore jurisdiction. And then they don’t even hide their mockery when you try to threaten them with claims to regulators. The Weltrade platform may not start for several hours during the day. And then there are huge gaps. And that's okay for them.
-
Comment
Initially, Weltrade was a fraudulent structure. Maybe they withdrew money for someone so that they would have something to refer to. But for the most part, these scammers deceived those who wanted to earn and simply took their money. Experienced traders did not trade with Weltrade, but novice traders fell into the trap of scammers.
Top 5 Reviews on MTrading
-
Comment
Without a doubt, MTrading is reliable. I opened an account there a long time ago and during all this time there was no reason to change the broker. The main thing is that I have withdrawn my profits more than once to different payment systems; depending on the system, withdrawals take from two hours to two days. There are no special complaints regarding trading. There are, however, gaps and slippages. Well, where would we be without them? But I didn’t notice any manipulations on the part of MTrading.
-
Comment
MTrading is one of the oldest brokers and it has a high rating on various platforms. Therefore, many people leave positive reviews of this company. What I personally want to say about MTrading is that its conditions are the same as with others, reliability is also an important aspect for work. I am satisfied with the withdrawal process, because all funds are withdrawn on time and in full.
-
Comment
I tried trading with MTrading twice. The first time, I lost money, but I assumed it was due to my mistakes. However, when I tried trading here again a year later, I realized that the issue was not with me but with the company. The MTrading platform is very slow, making it impossible to open trades quickly. Moreover, the gaps that appear every day can wipe out all trades.
-
Comment
Collaborating with MTrading has caused significant issues. I don't believe this company is focused on providing quality brokerage services. After transferring my funds here, the platform stopped working altogether after three months of trading. I waited for another two months, wrote emails to MTrading's support, but there was no result. Now I've received a message that MTrading has fixed the platform, and trading is possible again. However, I no longer wish to deal with this broker.
-
Comment
Mtrading isn’t licensed by any regulator. Therefore, no one can give you a guarantee that there will be no problems with trading and finance. And there are a lot of problems. I opened an account with Mtrading three months ago and have already lost $250. The broker's trading platform works very slowly and Internet connection often disappears. Therefore, it is impossible to trade profitably. And since the company does not have a regulator, there is no one to complain to.
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FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
Mikhail’s motto: Learn something new and share your experience – never stop!