Weltrade Review

Weltrade Account Types and Features

👉 Weltrade offers its traders a total of 6 account types, namely:

➡️ Micro Account

➡️ Universe Account

➡️ Premium Account

➡️ Pro Account

➡️ Digital Account

➡️ ZuluTrade Account

👉 The ideal option for most investors is the Pro account, which offers the greatest trading conditions and can be opened with a deposit of only $100.

Weltrade Live Trading Account Details

Micro Account

👉 The initial account type provided by Weltrade is the Micro account type, with micro lot position sizes. For example, clients may open a Micro account for 120 KES and trade commission-free with variable spreads beginning at 1.5 pips.

👉 The Micro account provides access to the currency and metals markets and the MetaTrader 4 and 5 platforms. The features of this account can be summarized as follows:

Universe Account

👉 The Universe account provides consumers access to the FX, commodities, energy, and cryptocurrency markets through the Weltrade terminal. A minimum deposit of 120 KES is required to open this account.

👉 Floating spreads begin at 0 pip for crypto assets and 0.5 pip for currency pairings, and leverage ranges from 1:1 to 1:1000. The features on this account can be summarized as follows:

Premium Account

👉 A slightly higher minimum deposit of 3,000 KES is required for customers to register a Premium account for usage with MT4 and MT5.

👉 All markets except cryptocurrency CFDs are supported, and floating spreads begin at 1.5 pips. As with the Micro account, minimum leverage of 1:33 and a maximum margin of 1:1,000 are needed. The features of this account can be summarized as follows:

Pro Account

👉 The Pro account offers the most competitive trading conditions on Weltrade. Floating spreads begin at 0.5 pips on this MetaTrader-centric variation, which supports all assets outside cryptocurrencies.

👉 This account can only be opened with a USD base currency and has a minimum opening deposit of 12,000 KES. The features of this account can be summarized as follows:

Digital Account

👉 The broker’s last account type is the Digital version, which is crypto-exclusive and has floating spreads beginning at 0 pips.

👉 The margin call and stop-out limits are double those of other accounts, at 40% and 20%, respectively. In addition, a 6,000 KES minimum deposit is required to create the account.

👉 Through the MT4, and MT4 terminals, leverage ranging from 1:3 to 1:100 is permitted, and speculating is authorized. The features of this account can be summarized as follows:

ZuluTrade Account

👉 The last account type is the ZuluTrade account, which enables users to imitate the positions of successful traders. This is the only option with a commission price of 1.5 pips in addition to market values.

👉 This account requires a minimum deposit of 24,200 KES, and leverage between 1:33 and 1:500 is offered. The features of this account can be summarized as follows:

Weltrade Demo Account

👉 Weltrade provides demo accounts, and there is presently no time limit indicated, indicating that they are available indefinitely, making them excellent for algorithmic traders to debug solutions and assess new methods.

👉 In addition, beginners can easily get familiar with the trading platform using this account. The MT4/MT5 trading platforms include a demo register.

👉 Kenyan traders are encouraged to utilize comparable deposit amounts and leverage levels for the trial account as they would for their main account.

👉 Beginners may use a sample account to test account features and investigate copy trading signal sources or EAs. However, they should be wary of using a demo account as an effort to simulate a live trading environment.

👉 It generates unreasonable trade expectations, and the lack of trading psychology diminishes the simulation’s utility in most cases. On the other hand, demo accounts are excellent for learning the fundamentals and familiarizing oneself with a broker’s platform and user interface.

Weltrade Islamic Account

👉 Weltrade can provide a swap-free Islamic variation of any account to traders who cannot pay interest due to their religious beliefs.

Weltrade Professional Account

👉 Experienced Kenyan traders may sign up for a Premium or Pro Account on Weltrade. Many of the following benefits are available to Kenyans who use these accounts:

➡️ Trades are executed in as little as 0.5 seconds and as much as 0.8 seconds, respectively.

➡️ For the most popular instruments, spreads start at 0.5 pips.

➡️ Zero commission fees.

➡️ Trades are executed at the market price.

➡️ Maximum leverage of 1:1000 on all major currency pairings.

➡️ There is no limit on the amount of money you can have in your account.

➡️ You can expect to be notified of a margin call with a 20% margin requirement and a 10% stop loss.

Weltrade Spread Betting Account

👉 Weltrade does not provide a spread betting account to EU/UK traders.

Weltrade Base Account Currencies

👉 Weltrade offers only two base currencies, EUR, and USD, unlike rival brokers. But multiple base currencies are used for different trading accounts. For instance, only US dollars are accepted for payment on the Pro, Zulutrade, and Digital accounts.

👉 Additionally, Kenyan traders who use Weltrade will be at a disadvantage since using Weltrade would result in currency conversion fees for deposits and withdrawals.

Weltrade Basic Order Types

👉 Regardless of the account type traders in Kenya choose, Weltrade employs market execution for all orders. The following are the typical trade execution speeds that Kenyans can anticipate:

➡️ Micro Account – from 0.9 seconds

➡️ Universe Account – from 0.4 seconds

➡️ Premium Account – from 0.8 seconds

➡️ Pro Account – from 0.5 seconds

➡️ Digital Account – from 0.7 seconds

➡️ ZuluTrade Account – from 0.7 seconds

Pros and Cons Weltrade Account Types and Features