Weltrade Broker Review 2025: Is It Trustworthy?

Weltrade has gained popularity among Zimbabwean traders in the last couple of years mainly due to its synthetic indices available for trading 24/7.

In this review, I will cover everything you need to know about this Weltrade broker, including account types, deposit and withdrawal methods, trading conditions, and its suitability for Zimbabwe traders. 

The aim is to help you make an informed decision as to whether this broker fits your trading goals.

Weltrade at a glance

🔍 Broker's Name	Weltrade
🌐 Website	www.weltrade.com
📅 Year Founded	2006
⚖ Regulating Authorities	IFSC
💳Minimum deposit	$1
🎮 Demo Account	✔ Yes
🏢 Institutional Accounts	✔ Yes
🔁 Copytrading	✔ Yes
☪ Islamic Accounts (Swap-free)	✔ Yes
🏋️‍♂️ Maximum Leverage	1:1 000
💳 Deposit & Withdrawal Options	E-wallets like Volet, Skrill, Neteller, Fasapay, WebMoney. Crypto Binance pay
🪙 Spreads	from 0.5 pips (depending on account type)
💻 OS Compatibility	Mac, Windows, Linux, Web, Mobile Android, iPhone, iPad, Weltrade App
📈 Tradable assets offered	Forex, Metals, Cryptocurrencies, Indices, Commodities, Synthetic indices
🗣 Customer Service Hours	24/7
🚀Open an account	👉 Click Here

What is Weltrade?

Weltrade is an international CFD broker that was founded in 2006. The broker is known for 30-minute withdrawals, a variety of trading instruments, synthetic indices, tight spreads, copy trading and a user-friendly platform. 

Weltrade is owned and operated by Systemgates Ltd., registered and based in Saint Vincent and the Grenadines.

Is Weltrade Regulated?

Yes, Weltrade is regulated by the International Financial Services Commission (IFSC) of Belize. This is an offshore regulation.

Weltrade Account Types

Weltrade offers four account types to cater to the needs of different traders. These are:

• Micro
• Pro
• Premium
• SyntX

Let's look at each account type in detail.

Micro Account

🔍 Account Features	🧾Weltrade Micro Account
🏋🏽‍♀️Leverage	1:1000
💹 Trading Instruments	XAUUSD & XAGUSD
🪙 Spread	Floating from 1.5
💰 Minimum deposit	$1
☪️ Swap Free	Yes ✅
💻 Platforms	MetaTrader 4, MetaTrader 5
🧾 Open Micro Account	👉 Click Here

The Weltrade micro account is meant for beginners with a minimum deposit of just $1. It has a maximum equity of $1000 and it is denominated in cents.

The account has only two instruments XAUUSD & XAGUSD for trading. It is meant to be a bridge between demo and live trading.

It also offers copy trading and swap free accounts.

Weltrade Pro Account

🔍 Account Features	🧾Weltrade Pro Account
🏋🏽‍♀️Leverage	1:1000
💹 Trading Instruments	Forex, Metals, Commodities, Stocks, Indices
🪙 Spread	Floating from 0.5
💰 Minimum deposit	$100
☪️ Swap Free	Yes ✅
💻 Platforms	MetaTrader 4, MetaTrader 5
🧾 Open Pro Account	👉 Click Here

The Pro account is meant for more experienced traders seeking a wider range of trading instruments and unlimited maximum equity.

It has a minimum deposit of $100 which may make it hard to access for beginners. it has lower spreads than the Micro account and faster execution speeds.

Weltrade Premium Account

🔍 Account Features	🧾Weltrade Premium Account
🏋🏽‍♀️Leverage	1:1000
💹 Trading Instruments	Forex, Metals, Commodities, Stocks, Indices
🪙 Spread	Floating from 1.5
💰 Minimum deposit	$25
☪️ Swap Free	Yes ✅
💻 Platforms	MetaTrader 4, MetaTrader 5
🧾 Open Micro Account	👉 Click Here

The Weltrade premium account is more suited for advanced traders. The account has two base currency options i.e USD & EUR. It has a minimum deposit of $25.

It has all the trading instruments available on Weltrade and supports MT4 and MT5.

Weltrade SyntX Account

🔍 Account Features	🧾Weltrade SyntX Account
🏋🏽‍♀️Leverage	1:10 000
💹 Trading Instruments	SyntXes (unique Synthetic indices)
🪙 Spread	Floating
💰 Minimum deposit	$1
☪️ Swap Free	No ❌
💻 Platforms	MetaTrader 5
🧾 Open Micro Account	👉 Click Here

The Weltrade SyntX account is by far the most popular amongst Zimbabwean traders. This account gives access to 24/7 trading on synthetic indices provided by the broker. (Synthetic indices have been popularised in Zimbabwe by Deriv.)

The account is only available on MT5 and has a low minimum deposit of just $1.

Unfortunately, the account does not offer swap-free trading although copy trading is available. The account also has a very high maximum leverage of up to 1:10,000.

How To Open A Weltrade Account

Opening a trading account on Weltrade is straightforward. Simply follow the steps below.

1. Visit the Weltrade Website

Click here to visit the Weltrade website. Then click on the button that says ‘Try Weltrade‘ or ‘Registration‘.

2. Register Your Account

You can register your account using Facebook, Gmail or your Email and password.

Click on ”Create Account” once done.

3. Verify Your Email

Click on the email sent by Weltrade to to verify your email and activate your account.

You may also be asked to enter your phone number to verify it.

4. Choose Account type

By default, Weltrade will create a pro account for you. If you want to change this you press on the green ‘Open Account” button and then choose the account type you want.

5. Verify Your Account

While you can trade without verifying your account, I would advise you to verify as soon as possible to remove any restrictions.

Verify your account by uploading your ID and proof of residence. The verification process on Weltrade is very fast and once verified all limits will be removed.

Synthetic Indices Available On Weltrade

Synthetic indices on Weltrade are trading instruments designed to copy the movement of real-world markets but they are not affected by fundamentals like NFP reports.

These synthetic indices move as a result of algorithms that have been programmed.

Weltrade offers 5 different types of synthetic indices namely:

• FX Vol
• SFX
• Pain X
• Gain X
• Flip X

Under each type of synthetic index, we have different specific instruments that behave in different ways. Let's look at these instruments in detail below and compare them to Deriv synthetic indices.

FX Vol Synthetic Indices

These are trading instruments that move with a constant velocity. They are similar to Deriv's Volatility indices. The following are the specific indices and their movements

• FX Vol 20
• FX Vol 40
• FX Vol 60
• FX Vol 80
• FX Vol 99

These move with a constant volatility as noted by the number. E.g FX Vol 20 has a fixed volatility of 20% while FX Vol 99 has a fixed volatility of 99%.

This means that FX Vol 20% has the least volatility while FX Vol 99 is the most volatile index.

The higher the volatility level, the higher the rate of price change in that asset over time.

SFX Vol Indices On Weltrade

These are similar to Jump Indices on Deriv.

The five SFX Vol indices are designed to simulate markets with constant volatilities of 20%, 40%, 60%, 80%, and 99%.

On average, these synthetic indices have an equal probability of an up or down jump movement every 30 minutes. The average jump size is around 30 times the normal price movement.

Pain X Indices On Weltrade

These are similar to Crash Indices on Deriv.

They act like a rising market that has a massive price drop after an average number of ticks. The number in the name of the index shows the average number of ticks that are needed before the price crash.

Below is a list of the Pain X Indices

• Pain X 400
• Pain X 600
• Pain X 800
• Pain X 999
• Pain X 1200

So the Pain X index has a price crash after every 400 ticks on average.

Gain X Indices On Weltrade

These behave just like Boom Indices on Deriv

They are the opposite of Pain Indices. They represent a falling market that has a price jumb after an average number of ticks. The following indices are available.

• Gain X 400
• Gain X 600
• Gain X 800
• Gain X 999
• Gain X 1200

Flip X Indices on Weltrade

These are just like Step Indices on Deriv.

They are indices with a 50% chance to change direction. The five available Flix indices are from Flip X 1 to 5.

The number shows the random step multiplier. Flip X5, for example, has a random step multiplier up to x5.

Weltrade Deposit & Withdrawal Methods

Deposit and withdrawal options are a big issue for Zimbabwean traders since we don't have access to some of the popular methods like Skrill. Fortunately, Weltrade broker has attractive options. These include

• BancAbc, Steward, Stanbic Visa
• Crypto like Bitcoin, Ethereum, LTC

How long does it take to withdraw from Weltrade?

This is one of the major advantages of Weltrade broker. Withdrawals are automated and take only 30 minutes.

Weltrade First Deposit Bonus

Weltrade offers a first deposit bonus of %100 (up to $500). This is meant to boost your trading capital but it comes with certain conditions.

• You cannot withdraw the deposit but you can withdraw profits made as long as the spread obligations are met
• It is only available on your first deposit
• The bonus is available on all account types
• You need to deposit $25 or more

Weltrade Support

Weltrade broker has 24/7 support that makes it easy for traders to et help on the issues they may be facing.

You can reach them via email and live chat on their website. You can also request a call.

Weltrade Education

The broker hosts online webinars to help new traders get started. They also have in-person seminars in Harare and Bulawayo regularly.

However, they do not have an online academy, and their overall education section is rather limited.

If you are a newbie looking for a broker with comprehensive education, I suggest brokers like:

• HFM
• XM
• Deriv

Conclusion on Weltrade: Is It Suitable For Zimbabwean Traders?

Weltrade is best suited for traders who want 24/7 trading with a decent level of trading experience. The low minimum deposit needed to trade synthetic indices makes this a very attractive broker for Zimbabweans.

Another strong point is the 30-minute withdrawals and the variety of payment methods available to Zimbabweans.

However, the brokers' offshore regulation is rather weak, and this should be taken into account.

The broker also has limited educational facilities and this will be a major disadvantage for newbies.