WELTRADE Fees and Minimum Deposit - TU Expert review
Assessing the size of the fees is the second most important factor for choosing a broker after reliability. The lower the fees, the more diverse their structure, the more beneficial it is to trade with the broker. Minimum deposit is another important factor that may tip the scale in favor of a certain broker. This is particularly important for novice traders, who cannot afford to invest a lot at the beginning. Traders Union analysts have prepared an analysis of WELTRADE fees and also assessed the size of its minimum deposit.
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 $25;
•no PAMM investments;
•withdrawals can take up to 30 minutes.
Key types of fees on Forex
A broker is an intermediary between a trader and an exchange. Therefore, brokers charge fees for their services. The fees may have different structure.
There are the following fees in the Forex market:
-
Spread – the difference between the buy and the sell price of an asset.
-
Commission per lot.
-
Commission per trade.
Broker fees may differ depending on the trading account type. For example, on some accounts spread is used as a trading fee, and on others – commission per lot.
WELTRADE Commissions and Fees
Weltrade was verified by the Traders Union specialists for trade and non-trade commissions. In the category of the trading commission, the broker spread was considered, and as a non-trading commission, an additional withdrawal fee was considered. The commission fee is from 0.5% to 2.5%, depending on the replenishment method.
| Account type | Spread (minimum value) | Withdrawal commission |
| Micro | From 1,9$ | Yes |
| Premium | From 19$ | Yes |
| Pro | From 5$ | Yes |
| ZuluTrade | From 29$ | Yes |
| Crypto | From 0 pips | Yes |
Why is it important to assess minimum deposit?
It is important for beginners and traders with limited financial capabilities to assess the minimum deposit of the broker. Different brokers offer different levels. Some companies focus on working with professional traders and their entry threshold is usually in the thousands or tens thousands of US dollars. Brokers that work with beginners offer low minimum deposit. It could be $500 or $100, or even $1.
In addition minimum deposit may differ depending on the account type. This is also an important factor to analyze. If a broker offers a low entry threshold, traders can get better conditions and still not spend too much money on funding their account.
WELTRADE Minimum deposit
How to Start Making Profits — Guide for Traders
Weltrade offers to open a few types of accounts depending on the trader’s needs and qualifications. They difference among them are the sizes of their minimum deposit, spread, and leverage.
Types of accounts:
You can get information about the broker's capabilities and platform functionality by using its free demo account, before opening the main account.
Brokers similar to WELTRADE
When analyzing WELTRADE, it is important to compare it with other similar companies. Before you choose a broker, it is important to compare its trading conditions with competitors. Traders Union analysts have prepared a comparison of the minimum deposit and other trading conditions of WELTRADE and other brokers.
Comparison of WELTRADE with other Brokers
| WELTRADE | RoboForex | Pocket Option | Exness | Eightcap | Deriv | |
|---|---|---|---|---|---|---|
|
Trading platform |
MT4, Mobile Trading |
MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader |
Pocket Option, MT5, MT4 |
Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 |
MT4, MT5 |
Deriv bot, Deriv MT5, Derivix, Deriv Trader, SmartTrader |
|
Min deposit |
$25 |
$10 |
$5 |
$10 |
$100 |
$1 |
|
Leverage |
From 1:33 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:30 |
From 1:1 |
|
Trust management |
No |
No |
No |
No |
No |
No |
|
Accrual of % on the balance |
5.00%% |
No |
No |
No |
No |
1.00%% |
|
Spread |
From 0.5 points |
From 0 points |
From 1.2 point |
From 1 point |
From 0 points |
From 0 points |
|
Level of margin call / stop out |
No |
No |
No |
No |
No |
No |
|
Execution of orders |
Market Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution |
|
No deposit bonus |
No |
No |
No |
No |
No |
No |
|
Cent accounts |
Yes |
Yes |
No |
No |
No |
No |
Expert Opinion
When comparing FTMO to similar prop firms, its conditions seem generally competitive and a balanced offering. With reasonable fees, enough leverage for many styles and an achievable cost starting from €155, it presents a solid choice for prop traders to evaluate further. There are also no added commissions on top of the spread which keeps trading costs low.
Some traders may find the testing requirements to be on the strict side, but this ensures people have proven themselves capable of managing risk before gaining access to larger funded accounts.
Overall, for those interested in prop trading and wanting the guidance of a funded program, FTMO offers a decent option to consider. Just be prepared to treat the challenge period like the job interview that it is.
Conclusion
Analysis of WELTRADE shows that the broker has a rather high minimum deposit. It could pose a problem for traders, who are only starting their path in trading. Nevertheless, the fees are low. Therefore, the broker will be a good choice for professional traders.
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FAQs
Can the minimum deposit differ depending on the trading account type?
Yes. Brokers often encourage clients to deposit large amounts to the account by offering better trading conditions.
What are non-trading fees?
Non-trading fees are the fees charged outside the trading process, for example deposit and withdrawal fee, inactivity fee, etc.
If the fees are low, how does a broker make money?
As a rule, brokers with low fees earn on the fees thanks to high trading volume and also non-trading fees.
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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.
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!
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.
Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.
Olga’s motto: Do well and you’ll be well!