TIER 2 · FSCA · Saint LuciaRBI ALERT LIST#36 of 66 international brokers

Weltrade review: the verdict.

Listed on the Reserve Bank of India Alert ListThe RBI lists Weltrade as not authorised to deal in forex or run a forex trading platform for Indian residents. Indian residents trading forex on unauthorised platforms can face action under FEMA. Source: RBI Alert List (RBI press release 2025-2026/1530, 19 Nov 2025; checked 24 Oct 2026).

Verdict score

7.0 / 10

Launch formula: 60% hard data, 40% outside ratings. Verified reviews from our traders replace outside ratings as they come in.

Regulation7.5

Best licence: Tier 2

Trading cost5.0

No published spread

Accessibility10.0

Min deposit $1

Platforms & payments6.3

4 platforms · 1 payment methods

Outside ratings7.1

Trustpilot 3.8 from 1,691

Weltrade vs top-rated peersPER YEAR

I trade standard lots of EUR/USD a month.

Trive$720

GO Markets$1,200

FP Markets$1,440

Zero Markets$1,440

Vantage$1,440

Cheapest vs most expensive here, per year$720

Regulation

Who licenses Weltrade.

Licences as Weltrade lists them. A tick means we found the entity on the regulator's own register.

Regulator	Tier	Entity	Licence no.	On register
FSCA	TIER 2	Weltrade SA (Pty) Ltd	—	Not yet checked
Saint Lucia (company registration)	—	Weltrade Ltd	2023-00055	Not yet checked

Accounts

Published EUR/USD costs.

Account	Spread	Commission	Cost / lot
Micro	—	—	—
Pro	—	—	—
Raw Spread	—	—	—
Cent	—	—	—
SyntX	—	—	—

Cost per standard lot = spread in pips × $10 + round-turn commission. Brokers publish “typical”, “average” or “from” spreads; “from” figures flatter the broker.

Key facts

The fine print.

Website

www.weltrade.com

Founded

Not published

Headquarters

Saint Lucia

Minimum deposit

Max leverage

Not published

EU/UK leverage cap

—

Platforms

MT4, MT5, TradingView, own app

Deposits & withdrawals

Cards

Islamic (swap-free) account

Not published

Copy trading

Yes

Withdrawal fees

Not published

Inactivity fee

Not published

Restricted countries

Not offered in United States, Canada, United Kingdom, EU member states, Russia, Belarus, India, Iran, North Korea, and sanctioned/FATF-restricted territories.

RBI Alert List (India)

LISTED as "Weltrade" · list of 19 Nov 2025 · checked 24 Oct 2026

Verified reviews

Traded with Weltrade? Prove it.

Verified reviews open soon. Reviews backed by a statement, a read-only MT4/MT5 login or a withdrawal receipt count up to 3× more, and every verified review enters the weekly 100 USDT draw.

Outside rating used for now: Trustpilot 3.8 from 1,691 reviews.

Compare Weltrade

Visit Weltrade

Sources · data as of 2026-10-24

accounts: www.weltrade.com/
platforms: www.weltrade.com/
hq country: www.weltrade.com/
regulators: www.weltrade.com/
trustpilot: www.trustpilot.com/review/weltrade.com
copy trading: www.weltrade.com/
min deposit usd: www.weltrade.com/
payment methods: www.weltrade.com/
restricted countries note: www.weltrade.com/

Research notes: IMPORTANT: Weltrade lists India as a restricted country. Global entity Weltrade Ltd is a Saint Lucia IBC with no financial licence shown; FSCA regulation applies to Weltrade SA (Pty) Ltd (South Africa site only, FSP number not confirmed - ZA page errored). Min deposit $1 (Micro/SyntX/Raw/Cent), $10 Pro. Leverage up to 1:10,000 is stated only for SyntX synthetic instruments, so forex max_leverage left null. Copyright '2006-2026' and 'over 18 years' suggest ~2006 founding but not explicit. Homepage mentions 30+ payment methods, only Visa/Mastercard named; account types, payment-systems and legal pages returned server errors.

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