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Weltrade is a fast-growing international broker. It offers to copy trades of professionals and thus provides passive income and a wide range of services for active traders.

Social trading platforms like ZuluTrade and MQL5 are available at Weltrade.

zulutrade
mql5

This is a thorough review of copy trading through Weltrade. Learn how to start copying professional traders, trading terms and copying fees, and all the pros and cons of this type of investing.

What is copy trading?

Copying trades allows novice traders on the financial markets to copy professional traders’ strategies in automatic or manual mode.

 What is copy trading?

Professional traders connected to the platform for social trading develop strategies, make deals and tweak models. Novice traders can follow the professionals and copy their trades. Upon subscription, trades on the signal provider's account will be replicated on the investor's account in the proportion and for the amount specified.

Copy trading solves several problems for novice traders, such as it:

Allows you to enter the financial market and start investing on entry-level;

Provides potential earnings at the professional level;

Provides a low entry threshold.

The main copy trading disadvantage is that great results from traders in the past don’t guarantee the replication of the results in the future. Therefore, there is also a risk of investment loss.

Weltrade copy trading pros and cons

Pros
  • Cooperation with major social trading platform providers
  • You can start at MQL5 with any amount
Cons
  • The ZuluTrade account has excessive spreads. From 2.9 pips for EUR/USD
  • The broker’s offshore jurisdiction

How to start with Weltrade copy trading?

Weltrade is classified as a social trading platform broker. Weltrade cooperates with top copy trading providers such as ZuluTrade and MQL5. Today let’s consider the functionality of ZuluTrade in more detail since Weltrade has allocated an individual account for copying trades on Weltrade’s platform.

zulutrade

You can start working with the social trading platform ZuluTrade via the Weltrade broker in five easy steps:

Registration on broker’s website

Opening a ZuluTrade account and funding it with at least $200.

ZuluTrade Account Types ZuluTrade Account Types

Getting an email from ZuluTrade with login credentials.

Enter your account number and trading password in the "Settings" section of your ZuluTrade personal account to connect to the system for copying trades.

Choose the best signal providers and start copying trades on ZuluTrade.

Trade copying with ZuluTrade using a demo account

Test the search for managing traders (aka signal providers) for copying trades for free in demo mode upon registration on the ZuluTrade website. You will get a virtual $100,000. If you like the platform, you go back to the Weltrade website and open a live account to work with ZuluTrade.

Review of the ZuluTrade network

 Review of the ZuluTrade network

ZuluTrade today is among the largest social and copy trading platforms in the world. It offers copy access to over 1000 signal providers and works with 34 of the world's top brokers. Moreover, it is highly reliable as it is regulated in the EU, the USA, and Japan.

Platforms for copy trading
ZuluTrade and MQL5
Regulation
Greece and EU (HCMC), USA (CFTC), Japan (KFB)
Terminals
MT4, MT5, ZTP
The number of brokers offered
34
Top brokers
AvaTrade, Weltrade, IC Markets, TickMill, EverFx, WelTrade, Axi, InstaForex, FX Open, AAAFx, Oanda, Swissquote
The minimum investment for copying trades
Is indicated by the broker and ranges from $50 to $1,000. Combos service - from $2,000
Commission for using the service
Profit-Sharing Plan: $30 monthly subscription + 25% share of profits

Classic Plan - depends on the broker chosen. On average, $20 per standard lot in a currency pair
Brokerage commission
Execution fees are charged according to your broker's terms
Types of accounts
Profit-Sharing, Classic
Network scale
Over 1,000 strategy providers
Markets
The list of markets depends on the broker chosen

How to find the right trader to copy on ZuluTrade

There are several ways to search for traders to copy on the ZuluTrade social trading platform.
1

Use ZuluTrade’s list of recommendations.

Signal providers are organized according to various parameters, such as the number of subscribers, the fastest profitability growth, the largest amount of capital under his management, specific strategies, etc. All of them are in the Top Traders section.

ZuluTrade rating ZuluTrade rating
2

In the second case,

you can use filters and search for traders to copy on your own according to various criteria, such as performance, risks, experience, etc. This method is perfect for more experienced investors. However, the filter doesn’t always produce the desired result.

ZuluTrade Filter ZuluTrade Filter

How to start copying trades via Weltrade

It's easy enough to start copying trades from top traders on ZuluTrade to your Weltrade account. After you have found a signals provider, just subscribe to him by clicking on the Follow button in the trader's profile on ZuluTrade. In the pop-up window specify what to copy from this participant.

Weltrade's minimum investment for the ZuluTrade account is $200; however, managers usually set higher amounts to get started. Also, the minimum amount depends on the trading leverage amount you are using.

ZuluTrade Copy Trading Review - Settings ZuluTrade Copy Trading Review - Settings

You can copy trades of several traders at the same time. This helps to diversify the portfolio and increases the chances of getting income, however, you will need more money.

We also recommend that you study the ZuluGuard function to protect your capital. The system will automatically stop copying if the trader goes into a big loss. You can also stop copying signals manually, and increase or decrease the investment in your personal account at ZuluTrade.

The ZuluTrade account from Weltrade

There is a special account provided on the ZuluTrade account with Weltrade to copy trades. The account terms are worse than on other types of broker accounts. Thus, the minimum spread is from 2.9 pips, while on the Pro account it is only from 0.5 pips. Only the MT4 terminal is available for work, and the maximum leverage is limited to 1 to 500. The rest of the terms are similar to similar types of accounts.

ZuluTrade copy trading account from Weltrade ZuluTrade copy trading account from Weltrade

MQL5 from Weltrade

Also, note that you can work with the popular platform for social trading MQL5 through the Weltrade broker on general terms. In this case, the broker doesn’t charge any extra fees. Let's analyze its main characteristics.

MQL5 Pros
  • Universal platform for trade copying on MT4 and MT5
  • Attractive design, good usability
  • A large number of materials for analysis
  • Convenient filters
MQL5 Cons
  • The traders' commission is charged as a subscription fee, not as a percentage of profits
  • Weak platform’s control of signal providers
  • No regulation

Provider’s main features

Regulation
No
Terminals
MT4, MT5
Number of brokers-partners
Most brokers that work with MT4 and MT5
Top brokers
AvaTrade, XM, IC Markets, Pepperstone, Weltrade
The minimum investment for copying
From $1. Set by broker and trader-signal provider
Commission for using the service
No
Commissions of traders
From $1 to $1000 per month Average - $50
Network size
1,050 signal providers

Can I make money by copying traders on Weltrade?

Yes, it is possible to make money on copying traders via Weltrade. For this, the broker has several suitable conditions:

Collaboration with two leading trade copying providers that use social trading platforms

A wide range of trading assets.

Remember that the impressive financial results of traders in the past don’t guarantee the replication of the results today or in the future. There may be losses when copying trades on Weltrade.

How much does Weltrade copy trading cost?

Weltrade charges a fee for copy trading on ZuluTrade through increased spreads. The commission on the ZuluTrade account from Weltrade is one of the highest in the Forex market, which can significantly affect your bottom line.

Moreover, investors should take into account the fees charged by the ZuluTrade platform itself. They depend on the trading plan.

Profit-Sharing plan:

$30 monthly subscription
+
$25 share of profits

Classic Plan - depends on the broker chosen. On average, $20 per standard lot in a currency pair.

Copy of trading in MQL5 from Weltrade is executed on general terms. Extra payments are not provided. However, the subscription to the most popular signal providers in MQL5 is paid and is $50 per month on average, although in some cases it can reach $1,000 per month.

Is Weltrade copy trading safe?

Weltrade is registered in an offshore zone, in Saint Vincent and the Grenadines, therefore it is not controlled by any of the most reputable regulators. Nevertheless, the broker has a long history of operation on the market and has earned good reviews on average.

If you want to work with a broker regulated in the EU, UK, and Australia, we recommend that you check the leaders of our brokers for social trading ratings, such as eToro, AvaTrade, XM, and FXTM.

Summary

The Weltrade broker offers access to two platforms for social trading, with an emphasis on the ZuluTrade platform. There is even a special account for this auto trading system. However, we cannot consider Weltrade as one of the best brokers for copying trades because trading terms on a special account are unfavorable. These are both excessive spreads and a fairly small number of trading instruments from which to select.

Alternatively, you can subscribe to signals of the MQL5 platform and work on a general basis. Or search for a broker with the best trading conditions?

Expert review

Certainly, you can make money by copying trades. This service is very popular among clients of leading brokers currently. Weltrade is trailing far behind, so it offers clients to copy traders on two leading platforms that are known for their list of excellent experienced strategy providers.

However, you should understand that copy trading is an investment environment in which everything depends on the trading terms of the broker. Yes, certainly you can be in luck if the signal provider is very profitable and the profitability covers all costs. But usually, we are talking about such profitability at which the size of the spread is of great importance.

Antony Robertson
Antony Robertson, Traders Union Financial Analyst

Weltrade copy trading reviews

I’ve been copying signals from MQL5 to my Weltrade account for over a year. During this time, I managed to figure out how to choose the appropriate suppliers, when it is worth fixing profits. I have no complaints about the broker's trading terms at all. I did not notice any slippages. I think the spreads are average for the market. There were no problems with withdrawals here.

John Jackson, investor, London

I do not recommend opening a ZuluTrade account from Weltrade. First, these are extortionate spreads! Even if a trader is trading with profit, you can copy trades to the red, since there is a markup of at least 1.5 pips, and sometimes even 3 pips. Second, don't dream that $200 will be enough for you to get started. It's worth starting with at least $500, and better with $1,000 on ZuluTrade. Then you can search for a more or less decent signal provider.

Max Norman, novice trader, Berlin

I’ve been working with Weltrade for the fourth month already. A month and a half ago I decided to try copying signals in MQL5. It turned out that it was very easy and it was easier to understand the platform. I copy signals from three traders and have already managed to earn +13% in my capital.

Gray Branson, business trainer, Birmingham

FAQ

What is the minimum deposit to copy trades via Weltrade?

The minimum deposit for the ZuluTrade account type is $200. There is no minimum threshold for copying trades in MQL5, however, in practice, you cannot start without having at least $200- $500 available.

What terminals can I use to copy trades on Weltrade?

Use the MT4 terminal to work with ZuluTrade. Both MT4 and MT5 are suitable for working with MQL5.

Does Weltrade charge extra fees for copying trades?

Yes, because the spread is higher than typical and averages 2.9 pips when working with ZuluTrade. There are no extra fees when working with MSQL5.

When should you stop copying a trader?

It is better to refuse to cooperate with a trader if he regularly trades in the red. We recommend using the ZuluGuard service from ZuluTrade and setting the maximum trading drawdown size for better risk control.

Team that worked on the article

Andrey Mastykin
Author, Financial Expert at Traders Union

Knows about
Trading strategies, technical analysis, Forex, stock market, long-term investing

Andrey Mastykin is an experienced author, editor, and content strategist who has been with Traders Union since 2020. As an editor, he is meticulous about fact-checking and ensuring the accuracy of all information published on the Traders Union platform. Andrey focuses on educating readers about the potential rewards and risks involved in trading financial markets.

He firmly believes that passive investing is a more suitable strategy for most individuals. Andrey's conservative approach and focus on risk management resonate with many readers, making him a trusted source of financial information.

Experience
Andrey's passion for finance began in 2009, and he has since accumulated extensive experience in trading and investing across various asset classes, including stocks, Forex, and cryptocurrencies.

He has spent over 15 years managing his own capital and working with financial portals, financial institutions, and IT companies, as a financial writer and analyst, further refining his investment expertise.

He is the author of several training courses on investing and trading in financial markets. Led multiple FX/Stocks/Crypto webinar educational presentations. Authored hundreds of articles on the global economy, stock, cryptocurrency, and Forex markets, along with trading strategies. He has also penned hundreds of professional reviews of financial firms.

Throughout his journey, Andrey has been heavily influenced by the works of renowned authors and investors like Benjamin Graham, Ray Dalio, Robert Shiller, and Nassim Taleb.

Olga Shendetskaya
Author and editor at Traders Union

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!