XBTFX vs WelTrade - Fees Review included
Which broker is better XBTFX or WelTrade? Our expert assessment conducted according to TU’s own methodology showed that XBTFX is one of the top brokers in the financial market with the TU Overall Score of 7.52 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 | XBTFX | WelTrade |
|---|---|---|
Overall |
3.7 |
4.2 |
1.2 |
3.5 |
|
4.2 |
4.1 |
|
3.9 |
3.8 |
|
Investment Instruments |
4.6 |
4.4 |
Platforms and Charting Tools |
4.7 |
4.5 |
Deposit and Withdrawal |
4.5 |
5 |
Research |
3.8 |
4 |
Education |
3.5 |
3.8 |
Support |
4.1 |
4.6 |
Bonuses |
2.4 |
4.3 |
|
|
|
XBTFX vs WelTrade: Pros and Cons
Established in 2019, XBTFX has been following its core goal to bridge the gap between the cryptocurrency market and brokerage companies. At the same time, the company runs its business based on the principles of high transparency and accessibility. XBTFX is a Cryptocurrency-based Forex and CFD provider that gives customers access to leveraged trading on digital assets and traditional financial markets.
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.
| XBTFX | WelTrade | |
|---|---|---|
| Overall Pros | Crypto dposits | beneficial trading conditions |
| Big choice of supported crypto assets | a wide range of financial instruments for trading: currency pairs, indices, stocks, goods, cryptocurrencies | |
| Copy trading and MAM services for investors | 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 | unregulated broker | no PAMM investments |
| withdrawals can take up to 30 minutes |
XBTFX vs WelTrade: Safety and Regulation
| Regulated By: | XBTFX | WelTrade |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
No |
CySec (Cyprus, EU) |
No |
No |
ASIC (Australia) |
No |
No |
Other Regulators |
Not regulated |
Commission on International Financial Services (jurisdiction - Belize) |
XBTFX vs WelTrade: Trading Conditions
| Trading Conditions | XBTFX | WelTrade |
|---|---|---|
Minimum Deposit |
$1 |
$25 |
Trading Platforms |
MT4, MT5, Webtrader, Mobile platforms |
MetaTrader 4, MetaTrader 5, MetaTrader 4 MultiTerminal, WebTrader |
Max Leverage (Futures) |
1-500 |
1-1000 |
Supported Markets |
FX, Commodities, CFDs, CryptoCurrency, Share CFD, Commodities, Metals |
Forex, metals, CFD shares, indices, goods, cryptocurrencies |
Trading assets |
150+ |
200+ |
Trading Accounts |
Standard, ECN |
Demo, Micro, Premium, Pro, ZuluTrade, and Crypto |
Base Account Currencies |
BTC, ETH, XRP, USDT, USDC |
USD, EUR |
XBTFX vs WelTrade: Fees
Forex Trading Fees
| Fee | XBTFX | WelTrade |
|---|---|---|
Standard Account EURUSD Average Spread |
1 pip |
1.4 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
$3.5 per lot |
Not supported |
ECN Account EUR Average Spread |
0.2 pips |
Not supported |
CFD Trading Fees
| Fee | XBTFX | WelTrade |
|---|---|---|
CFD Trading Fee |
Crypto CFDs - 0.075% per deal, US Stock CFDs $0.10 per share, EU, ASIA, Russia stock CFDs - 0.45% |
Floating spread |
Non-Trading Fees
| Fee | XBTFX | WelTrade |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
No |
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.
XBTFX vs WelTrade: Trading Assets
| Asset Name | XBTFX | WelTrade |
|---|---|---|
Overall |
200+ |
200+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes |
Cryptocurrencies |
Yes |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes |
Yes |
ETFs |
No |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
XBTFX or WelTrade: Investment Programs
| Asset Name | XBTFX | WelTrade |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
Yes |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: WelTrade or XBTFX
| XBTFX | WelTrade | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
No |
Appropriate platform |
No |
No |
Others |
No |
Webtrader |
|
|
|
XBTFX vs WelTrade: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | XBTFX | WelTrade |
|---|---|---|
Bank Transfer |
No |
Yes |
Debit Card |
No |
Yes |
Electronic Wallets |
No |
Yes |
Crypto |
Yes |
Yes |
XBTFX vs WelTrade: Research
| Research Type | XBTFX | WelTrade |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
No |
No |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
No |
E-Mail Reports |
No |
No |
XBTFX vs WelTrade: Education
| Education Type | XBTFX | WelTrade |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
Yes |
Articles |
Yes |
No |
Videos |
No |
Yes |
Cent account |
No |
No |
WelTrade vs XBTFX: Support
| Support Features | XBTFX | WelTrade |
|---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
No |
|
Phone |
No |
Yes |
Online chat |
No |
Yes |
Other |
Twitter, Facebook, Reddit |
No |
XBTFX vs WelTrade: Forex Bonuses and Promo
| Promo | XBTFX | WelTrade |
|---|---|---|
Forex Bonus |
No |
No |
Affiliate Program |
Earn up to 30% of what your referrals pay in trading fees |
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 XBTFX
-
Comment
From the very beginning, XBTFX conditions suited me and I was satisfied with a minimum deposit. To achieve results, of course, you need more, but this is a good investment to start with for a novice trader. Then, when you become more experienced, you can increase it and get rich.
-
Comment
Good guys work at xbtfx and I often write to them in the chat. Everything is explained clearly, and I am satisfied with deposit and withdrawal methods. Fees are also good.
-
Comment
I would like to share my experience with XBTFX, which turned out to be a good choice. Among the positive aspects is that this broker allows scalping and also provides high leverage, which can be useful for experienced traders. The account opening process was incredibly fast and took only 3 minutes. I liked that the information on the XBTFX website is accessible, making it easy to interact with. All this made my work in the market easy and comfortable.
-
Comment
I have been trading with XBTFX since 2023, starting with small amounts. Now I am already trading with large amounts and I can wholeheartedly recommend this broker, because execution of orders is excellent and withdrawal of profits is very fast. The broker doesn't interfere with trading.
-
Comment
At XBTFX, there are attractive broker commission conditions, which is why I've been trading here for two years. There are no issues with the trading terminal. The broker offers the MT5 terminal, which works very quickly. Order processing happens in fractions of a second, so scalping strategies can be used without problems. Finally, I would like to mention that XBTFX processes profit withdrawals to a bank card within two days. I recommend it.
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!