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 6.7 out of 10. WelTrade is one of the top brokers in the financial market with the TU Overall Score of 7.02 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
| XBTFX | WelTrade | |
|---|---|---|
Max. Regulation Level |
Tier-3 |
Tier-2 |
Investor protection |
No |
No |
FCA UK Regulation |
No |
No |
FINRA (U.S) |
No |
No |
BaFin (Germany) |
No |
No |
ASIC (Australia) |
No |
No |
CFTC (U.S) |
No |
No |
MAS |
No |
No |
FSCA SA |
No |
Yes |
BVI FSC |
No |
No |
VFSC |
No |
No |
FSA (Seychelles) |
Yes |
No |
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
| XBTFX | WelTrade | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,8 |
0,5 |
Standard acc. spread EUR/USD, max pips |
1,0 |
0,9 |
ECN Commission |
3,5 |
|
ECN Spread EUR/USD |
0,1 |
|
Deposit fee, % |
No |
No |
Withdrawal fee, % |
No |
0,5-2 |
Withdrawal fee, USD |
No |
3 |
Inactivity fee, $ |
50 |
No |
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
| XBTFX | WelTrade | |
|---|---|---|
Bank Wire |
Yes |
Yes |
Bank Card |
No |
No |
Neteller |
Yes |
Yes |
BTC |
Yes |
Yes |
Wise |
No |
No |
Payoneer |
No |
No |
USDT |
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 came across WELTRADE while looking for a broker with a wide range of trading instruments — they truly offer over 50 currency pairs, plus metals, crypto, CFDs on stocks, and commodities. The minimum deposit for a Micro account is just $1, so I decided to test the platform with minimal risk. After three weeks of trading, I managed to earn a little over $30 on the EUR/USD pair. I really liked the floating spread, which ranges from 0.2 to 2.9 pips — even during news releases, the widening isn’t as extreme as I’ve seen with previous brokers.
-
Comment
I was attracted by the possibility to compensate part of the costs through MOFT rebate. On Micro and Premium accounts the rebate reaches 0.45-0.48 USD per lot, on Pro - 0.07-0.33 USD. For those who open 10 or more trades per day, the savings are tangible. Example: 15 trades per day with 1 lot and a spread of 2 points can return up to $12 only for a day. A real way to reduce costs when trading frequently.
-
Comment
I participated in the WELTRADE affiliate program — it offers three tiers: Standard, Professional, and Expert, with commission based on trading volume. The terms are transparent: from 5% per referred client, plus access to banners, landing pages, and detailed stats. I also liked that partners earn from the activity of second- and third-level clients. For those focused on client acquisition, there are real monetization tools available.
-
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.
Top 5 Reviews on XBTFX
-
Comment
When looking into XBTFX, I was drawn to the availability of PAMM accounts and copy trading features — this is important for those seeking passive income. I noticed that the company offers over 200 CFDs on currency pairs, stocks, cryptocurrencies, and metals. The minimum lot size is 0.01, and spreads on the ECN account start from 0.01 pips. Another advantage is that support is available 24/7 via call center and email, which is rare among similar brokers. The main downside is that the broker is regulated only by the FSA Seychelles, not a Tier-1 regulator.
-
Comment
I chose the broker XBTFX primarily because of the very low entry threshold — the minimum deposit is only $10, which allowed me to test trading without significant risks. As a beginner, I found it convenient to use the free demo account and the ability to work on MetaTrader 4, 5, and cTrader platforms. It’s great that the minimum spread on the EUR/USD pair starts from 0.1 pips. The downside is that all deposits and withdrawals are done through cryptocurrency wallets, with no fiat support.
-
Comment
For me, XBTFX is really the best company. Everything good that traders say about it is confirmed in practice. The broker offers excellent conditions for Forex trading: competitive spreads, fast order execution and high-quality support. I am especially pleased with the wide range of instruments and convenient platform, which allows you to focus on trading rather than on technical details. A worthy broker, which is pleasant to work with for both beginners and experienced traders. I am completely satisfied with the cooperation and I am sure that here you can achieve your goals.
-
Comment
The xbtfx company really impresses with its accessibility and simplicity. Even if you are new to the world of trading, it won't be difficult to master the platform. The interface is intuitive, allowing you to get right down to business. However, as in any type of trading, mastering the functionality alone is not enough - it is important to study the market and develop your strategy. In this respect, the company's consultants have been of great help to me. They are always ready to give useful advice and guide me in the right direction. At first my trades were not profitable, but over time I was able to develop my system and learn to predict trends. I am now making regular profits and I am sure that the right guidance and persistence played a key role in this process
-
Comment
If you are looking for a reliable broker for forex trading, xbtfx can be a great option. They offer minimal spreads, fast order execution and professional support that is always ready to help. To be honest, there is almost no need for support service - the platform is designed in such a way that even a beginner can easily understand it. The trading conditions are especially pleasing. Low spreads and stable execution of trades remain at the highest level even in periods of increased volatility, for example, during the news release. This allows traders to be sure that their strategies will work without unnecessary technical interference
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.