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WeTrade FX Review 2026

Logo WeTrade FX
Top Brokers Overview — United States
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3.5 /10
High risk
How we tested WeTrade FX

Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.

Learn more about our methodology and editorial policies.

WeTrade FX Pros & Cons

  • A variety of account types including, ECN (Electronic Communication Network), MAM (Multi Account Manager), and a wide range of trading instruments;
  • Proprietary social trading platform and the option to connect to the MQL4 (MetaQuotes Language 4) signals service;
  • Clearly defined procedures for registration and verification;
  • Round-the-clock multilingual client support;
  • A rapid and transparent deposit and withdrawal system without concealed fees;
  • A host of loyalty rewards, regular promotions, and bonus offers.
  • Elevated spreads within STP to smaller deposits;
  • The absence of Cent and Micro account options;
  • A relatively less comprehensive educational section catering to novice traders.

WeTrade is an international Forex broker offering STP (Straight-through-Processing) and ECN (Electronic Communication Network) accounts with high leverage and market order execution. Established in 2015, this broker maintains a global presence with numerous offices. Regulatory oversight comes from two financial commissions – the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) and theLabuan Financial Services Authority (FSA). Notably, WeTrade has garnered multiple accolades at local and international levels, including titles such as Best Trading Execution (2022), Best Local Consumer Service (2021), and The Most Praised Broker (2021).

TU Expert Verdict

Anton Kharitonov
Anton Kharitonov
Chief Analytics Officer

WeTrade FX carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.

WeTrade FX is an international Forex broker that provides access to trading 120 assets, including 50 Forex pairs and cryptocurrency CFDs, via STP and ECN accounts with leverage up to 1:2,000. The broker supports both manual and automated trading, features a proprietary social trading platform, and enables fast registration with KYC verification within one business day. Account options include Standard and ECN types, with a minimum deposit of $100, and users benefit from low spreads and no deposit, withdrawal, or inactivity fees. Client support is available in five languages around the clock.

However, a notable drawback is regulatory oversight is limited to SVG FSA and Labuan FSA, meaning there is no Tier-1 regulation or investor protection fund. Other disadvantages include the absence of cent and micro accounts, a restricted range of payment methods without cards or PayPal, and inconsistent client support. WeTrade FX may not be suitable for those seeking strong regulatory coverage, extensive payment flexibility, or comprehensive educational resources, but it can offer low fees and multiple account types for more experienced traders.

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EUR/USD 0.7 pips
IG Markets
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EUR/USD 0.6 pips

WeTrade FX User Reviews

Score:
The administration of the website shall not be liable for the accuracy of the reviews and does not have the technical ability to check the reviews for accuracy, as well as establish whether the authors of the reviews are indeed the customers of a specific company. To learn more about how the User Satisfaction score is calculated and how we apply the Customer Satisfaction Score (CSAT) methodology, please read the assessment criteria.
2 /10
3 total
  • 5-star
    0%
  • 4-star
    0%
  • 3-star
    0%
  • 2-star
    0%
  • 1-star
    100%
magyartaltos
2 years ago

Unfortunately, I fell victim to the scammers at WeTrade FX. They called me and persuaded me to open an account, offering to start trading with a capital of $5,000. In addition, WeTrade FX managers promised me support in all situations. I am not an experienced trader, so I needed help. But I received nothing from the company's managers. They simply blocked my account. And when I managed to log into my account, someone had opened orders on my behalf. And all the money disappeared in losses.

tickbones
2 years ago

I may not be a very experienced trader, and there's still much I don't know, but even to me, it's clear that there are problems with order execution here. What's also bad is that the support team at WeTrade FX cannot or does not want to handle the situation. In general, if you're looking for competent assistance from technical support, don't expect it here.

taskman9
2 years ago

wetrade fx is not a reputable company, despite hearing various reviews. I can definitely say that it's a kitchen broker, like many others, with the sole purpose of taking money from clients. I deposited $600 and quickly lost them, even though I am far from being a novice and know how to trade. The broker made an effort!

  • Commissions and Fees

    Score:
    We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria
    8 /10

    The trading and non-trading commissions of WeTrade FX have been analyzed and rated as having Low fees, with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.

    • Low Forex trading fees
    • Tight EUR/USD market spread
    • No inactivity fee
    • No deposit fee
    • No withdrawal fee
    • Complex fee structure

    Trading Fees and Spread

    Below, we evaluated and compared the trading commissions of WeTrade FX with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.

    Standard Account Spread

    For Standard accounts, WeTrade FX’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.

    WeTrade FX Standard spreads
    WeTrade FX OANDA FOREX.com
    EUR/USD min, pips 0.5 0.1 0.7
    EUR/USD max, pips 1.0 0.5 1.2
    GPB/USD min, pips 0.7 0.1 0.9
    GPB/USD max, pips 1.3 0.5 1.4

    RAW/ECN Account Commission And Spread

    The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.

    WeTrade FX RAW/ECN spreads
    WeTrade FX OANDA FOREX.com
    Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 3.00 3.5 5
    EUR/USD avg spread 0.10 0.15 0.2
    GBP/USD avg spread 0.10 0.2 0.4

    Non-Trading Fees

    We conducted a detailed analysis of the non-trading fees associated with WeTrade FX. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.

    WeTrade FX Non-Trading Fees
    WeTrade FX OANDA FOREX.com
    Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0
    Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0
    Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0
    Inactivity fee ($, per month) 0 0 15

  • Is WeTrade FX Safe?

    Score:
    We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria
    3.7 /10

    WeTrade FX has a safety score of 3.7/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.

    • Is regulated
    • Not tier-1 regulated
    WeTrade FX Regulators and Investor Protection
    SVG FSASVG FSA Full Name Financial Services Authority of St. Vincent and the Grenadines Country of regulation St. Vincent and the Grenadines Investor Protection Fund No specific fund Regulation Level Tier-3
    WeTrade FX Security Factors
    Foundation date 2022
    Negative balance protection
    No
    Verification (KYC)
    Yes

  • Account Types

    Score:
    We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.
    4.3 /10

    WeTrade FX offers the following account options: Demo, Standard, ECN/Raw spread, Swap Free.

    However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.

    • Standard account with balanced trading conditions
    • Demo account
    • Tight spread ECN account
    • No VIP account option
    • No Cent account
    WeTrade FX account types vs top competitors
    WeTrade FX Trading.com Plus500
    Standard
    Yes
    Yes
    Yes
    ECN/Raw spread
    Yes
    No
    No
    Demo
    Yes
    Yes
    Yes
    Cent
    No
    No
    No
    Micro
    No
    No
    No
    Swap Free
    Yes
    No
    No
    VIP
    No
    No
    No
    Managed
    No
    No
    No

    WeTrade FX accounts trading conditions

    WeTrade provides four different types of user accounts that vary in terms of minimum deposit amounts, spread ranges, and the presence or absence of additional trading fees. All accounts offer market execution, floating spreads, and leverage of up to 1:2,000.

    Account Types:

    Account Type Description
    STP Account Requires a deposit starting from $10, offers spreads beginning at 1.8 pips, and has no trading fee;
    VIP Account This account involves only the spread as a fee for trades, with a minimum spread value of 1 pip. The minimum deposit is $1,000;
    ECN Account This account features spreads from 0 pips and a fee of $7 per traded lot. The minimum deposit is $3,000;
    Affiliate Account This account has no trading fee and offers spreads starting from 2.3 pips. To initiate trading, a deposit of $10 or more is needed.

    In addition to opening a trading user account, WeTrade also provides the option of a demo account, which serves as an educational tool for practicing and testing trading conditions. WeTrade offers a variety of trading accounts suitable for different trading styles, catering to both experienced traders and newcomers in the realm of trading financial assets.

  • Deposit and Withdrawal

    Score:
    This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology
    3.8 /10

    WeTrade FX received a Low score for the efficiency and convenience of its deposit and withdrawal processes.

    WeTrade FX offers limited payment options and accessibility, which may impact its competitiveness.

    • No deposit fee
    • Minimum deposit below industry average
    • No withdrawal fee
    • USDT (Tether) supported
    • Wise not supported
    • BTC payments not accepted
    • Only major base currencies available

    What are WeTrade FX deposit and withdrawal options?

    WeTrade FX offers a limited selection of deposit and withdrawal methods, including Bank Wire, USDT. This limitation may restrict flexibility for users, making WeTrade FX less competitive for those seeking diverse payment options.

    WeTrade FX Deposit and Withdrawal Methods vs Competitors
    WeTrade FX Trading.com Plus500
    Bank Wire
    Yes
    Yes
    Yes
    Bank card
    No
    Yes
    Yes
    PayPal
    No
    No
    Yes
    Wise
    No
    No
    No
    BTC
    No
    No
    No

    What are WeTrade FX base account currencies?

    A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. WeTrade FX supports the following base account currencies: USD.

    What are WeTrade FX's minimum deposit and withdrawal amounts?

    The minimum deposit on WeTrade FX is $100, while the minimum withdrawal amount is $5. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact WeTrade FX’s support team.

  • Markets and Tradable Assets

    Score:
    The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria
    5.8 /10

    WeTrade FX offers a limited selection of trading assets compared to the market average. The platform supports 120 assets in total, including 50 Forex pairs.

    • Crypto trading
    • Indices trading
    • 50 supported currency pairs
    • Limited asset selection
    • Futures not available

    Supported markets vs top competitors

    We have compared the range of assets and markets supported by WeTrade FX with its competitors, making it easier for you to find the perfect fit.

    WeTrade FX Trading.com Plus500
    Currency pairs 50 69 60
    Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 120 69 2800
    Stocks
    Yes
    No
    Yes
    Commodity futures
    Yes
    No
    Yes
    Crypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada.
    Yes
    No
    Yes
    Stock indices
    Yes
    No
    Yes
    Options
    No
    No
    Yes

    Investment options

    We also explored the trading assets and products WeTrade FX offers for beginner traders and investors who prefer not to engage in active trading.

    WeTrade FX Trading.com Plus500
    Bonds
    No
    No
    No
    ETFs
    No
    No
    Yes
    Copy trading
    Yes
    No
    No
    PAMM investing
    Yes
    No
    No
    Managed accounts
    No
    No
    No

  • Trading Account Opening

    Score:
    We evaluated Trading Account Opening at WeTrade FX by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.
    10 /10

    We successfully registered an account with WeTrade FX in 7 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at WeTrade FX is $100. This is one of the most accessible and hassle-free onboarding procedures on the market.

    • Fully online account opening process
    • Low minimum deposit requirement
    • Quick KYC verification (1 business day or less)
    • Account setup process may feel less convenient for beginners
    WeTrade FX account opening
    WeTrade FX Trading.com Plus500
    Online Registration
    Yes
    Yes
    Yes
    Minimum deposit $100 $50 $100
    Mandatory KYC
    Yes
    Yes
    Yes
    Registration time (min) 7 20
    KYC time (days) 1 2 3

    Is WeTrade FX available in my country?

    If you are a citizen of United States, the broker accepts clients from your country.

    Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.

    Account opening details

    To access the user account on the WeTrade website, you need to create an account. The process of creating it follows these steps:

    • First, you need to initiate the registration process. To do this, click on "Register" on the main page of the official WeTrade website.

    • Provide personal information, phone number, and email. Password generation is a mandatory procedure. A confirmation code will be sent to your email, which needs to be entered in the registration form. To access the user account, use your email and the password.

    • WeTrade’s user account functions:

      • Verification of identity and place of residence — undergoing the KYC procedure.
      • Opening the primary trading account.

    Other available actions in the WeTrade’s user account include:

    • Opening additional user accounts and registering a demo account;
    • Downloading trading platforms (desktop, mobile Android/iOS apps), multi-platform;
    • Installing software for managing MAM accounts;
    • Information about active accounts — balance, capital size, volume (in lots), total deposit and withdrawal amount;
    • Contact menu for communication with technical support and legal documentation;
    • Interface language selection and profile customization.

  • Customer Support

    Score:
    We evaluated Customer Support at WeTrade FX by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria
    5 /10

    Customer support at WeTrade FX is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.

    During testing, response times were moderate, and communication depended on the complexity of the request. WeTrade FX provides basic support functionality but does not stand out in overall service performance.

    Information

    WeTrade's technical support operators speak five languages and work around the clock, including weekends.

    • Multilingual support 24/7
    • Prompt operator response in online chat
    • Slow response time via email
    • Support in popular messengers such as Telegram, WhatsApp, etc. is not available

    If you need to get in touch with a WeTrade representative, you can use the following methods:

    • Online chat on the website
    • Email address
    • Contact form in the contacts section
    • Facebook
    • Additionally, you can contact this broker through the LINE messenger. This broker's website provides a QR code for downloading the application, which enables instant messaging with a WeTrade representative.
    Contacts
    Foundation date 2022
    Registration address WeTrade International LLC, Euro House, Richmond Hill Road, Kingstown, St Vincent and Grenadine.
    Regulation SVG FSA, LFSA
    Official site https://www.wetradebroker.com/
    Contacts globalsupport@wetradefx.com

Best WeTrade FX Alternatives

Trading.com USA
Logo Trading.com USA
Trading.com USA
6.9 /10
Regulation Tier-1
EUR/USD 0.9 pips
Plus500
Logo Plus500
Plus500
6.7 /10
Regulation Tier-1
EUR/USD 0.5 pips
OANDA
Logo OANDA
OANDA
6.6 /10
Regulation Tier-1
EUR/USD 0.1 pips
FOREX.com
Logo FOREX.com
FOREX.com
6.5 /10
Regulation Tier-1
EUR/USD 0.7 pips
IG Markets
Logo IG Markets
IG Markets
6.4 /10
Regulation Tier-1
EUR/USD 0.6 pips

FAQs

How secure is trading with WeTrade FX in terms of regulation and safety?

WeTrade FX has a safety score of 3.7/10, which corresponds to a low security level in the reviewed methodology. It is regulated by the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA), a Tier-3 regulator with no specific investor compensation fund mentioned, and it does not provide negative balance protection. The broker was founded in 2022 and requires KYC verification, but the absence of Tier-1 regulation may be associated with higher regulatory risk compared with more strictly supervised jurisdictions.

What do reviews say about WeTrade FX commissions, spreads, and other trading fees?

The review notes that WeTrade FX has been assessed with a fees score of 8/10, indicating generally low trading and non-trading costs in this analysis. Standard account EUR/USD spreads typically range from 0.5 to 1.0 pips and GBP/USD from 0.7 to 1.3 pips, while ECN accounts show average spreads of 0.10 pips on both pairs with a $3 commission per lot. Non-trading fees are described as favorable, with no deposit, withdrawal, or inactivity fees specified for this broker in the section.

How do WeTrade FX account types compare in terms of trading conditions?

According to the review, WeTrade FX offers STP, VIP, ECN, and Affiliate accounts, all with market execution, floating spreads, and leverage up to 1:2,000. The STP and Affiliate accounts start from $10 with spreads from 1.8 and 2.3 pips respectively and no trading fee, the VIP account requires $1,000 with spreads from 1 pip and no extra fee, and the ECN account requires $3,000 with spreads from 0 pips plus a $7 fee per lot. A demo account is also available, while Cent, Micro, and managed accounts are not offered, and there is no separate VIP account option beyond the named structure in this section.

What deposit and withdrawal conditions do reviews highlight for WeTrade FX?

The review states that WeTrade FX supports a limited range of funding methods, primarily Bank Wire and USDT, and does not support bank cards or PayPal. The minimum deposit is indicated as $100 and the minimum withdrawal as $5, with no deposit or withdrawal fees mentioned, although the limited payment options are described as reducing flexibility and potentially increasing overall costs. It is also noted that specific minimums can vary by account type and payment method, and further details are not specified in the section.

What feedback is available about WeTrade FX customer support quality and contact options?

Based on available user reviews in the section, WeTrade FX customer support is described as providing basic functionality with moderate response times that can vary by channel and request complexity. Support is multilingual and available 24/7 via online chat, email, contact form, Facebook, and the LINE messenger, with chat responses characterized as prompt. At the same time, the review notes slower responses via email and the absence of support through popular messengers such as Telegram and WhatsApp.

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