WELTRADE Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of WELTRADE trading signals. You will learn what kinds of trading signals WELTRADE offers and what the conditions for using them are.
Short introduction of WELTRADE
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.
| 💰 Account currency: | USD — for Pro, ZuluTrade, Crypto; USD, EUR — for Micro and Premium |
| 🚀 Minimum deposit: | 25 USD (Micro), 200 USD (Premium, Pro), 50 USD (Crypto), 500 USD (Pro) |
| ⚖️ Leverage: | 1:33 — 1:1000 (Micro, Premium, ZuluTrade), 1:1 — 1:1000 (Pro), 1:3 — 1:20 (Crypto) |
| 💱 Spread: | Floating — from 0 to 2.9 pips |
| 🔧 Instruments: | Forex tools, metals, CFD shares, indices, goods, cryptocurrencies |
| 💹 Margin Call / Stop Out: | from 20% / from 10% |
WELTRADE Pros and Cons
👍 Advantages of trading with WELTRADE:
•beneficial trading conditions;
•a wide range of financial instruments for trading: currency pairs, indices, stocks, goods, cryptocurrencies;
•ability to open different types of accounts, depending on clients’ goals and expertise;
•individual account for cryptocurrency trading;
•several methods to deposit and withdraw funds from trading accounts;
•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.
👎 Disadvantages of WELTRADE:
•the minimum deposit is $25;
•no PAMM investments;
•withdrawals can take up to 30 minutes.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
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Copy trading.
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Email alerts.
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Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
WELTRADE Trading Signals
Weltrade was verified by the Traders Union specialists for trade and non-trade commissions. In the category of the trading commission, the broker spread was considered, and as a non-trading commission, an additional withdrawal fee was considered. The commission fee is from 0.5% to 2.5%, depending on the replenishment method.
| Account type | Spread (minimum value) | Withdrawal commission |
| Micro | From 1,9$ | Yes |
| Premium | From 19$ | Yes |
| Pro | From 5$ | Yes |
| ZuluTrade | From 29$ | Yes |
| Crypto | From 0 pips | Yes |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that WELTRADE does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.
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FAQs
Can trading signals depend on the account type?
Yes. As a rule, they are provided for certain account types, but may also be available for the standard account.
Can trading signals be provided for free?
Brokers may offer free and paid trading signals.
For what assets can trading signals be provided?
Brokers may provide trading signals for any asset, for example Forex, stocks, cryptocurrencies, etc.
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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.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.