General Information & Regulation
WeTrade was Founded in 2015 and based in London, UK, and is an online Forex trader. WeTrade International Ltd. is incorporated in Saint Vincent and the Grenadines under registration number 25198 IBC 2018 with a registered address at First Floor, St. Vincent Bank Ltd Building, James Street, Kingstown by the Registrar of International Business Companies, granted by the Financial Services Authority of Saint Vincent and the Grenadines to carry on the business of dealing in securities as a Principal.
Market Instruments
The company offers a wide range of trading products, including forex, indices, energies, precious metals, four trading categories in total, more than 60 kinds of trading products.
Minimum Deposit
WeTrade has set up four types of accounts for investors with various investment needs and strategies, including the STP (minimum deposit of $100), VIP (minimum deposit of $3000), ECN (minimum deposit of $8000), and Affiliate accounts(minimum deposit of $100).
WeTrade Leverage
When it comes to the trading leverage, the maximum leverage is up to 1:1000 for Forex trading,which sounds incredibly high. Inexperienced traders are advised not to use such high trading leverage in case of fund losses.
Spreads & Commissions
Spreads vary depending on different account types chosen. The minimum spread for the STP account is 1.8 pips for EUR/USD, with no trading commission. The minimum spread for the VIP account is 1.0 pips for EURUSD, with no trading commission. The minimum spread for the ECN account is 0, charging a commission of 7 USD per lot. The minimum spread for the Affiliate account is 2.3 pips for EURUSD, requiring no trading commission.
Trading Platform
WeTrade offers its clients the advanced and popular MT4 trading platform, MAM and Multi-Account Management Tool (MAM). MT4 comes with robust charting and data analysis functions, available for PC, iOS, and Android versions. The MAM and multi-account management tools are two types of multi-account management systems that allow traders to trade for multiple accounts simultaneously.
Deposit & Withdrawal
Deposit methods support USDT, wire transfer, no commission for USDT deposit, support any bank, and instant payment. For wire transfers, the bank will charge a fee, and the time of arrival is subject to the bank. Withdrawal methods are CUP and wire transfer. The bank will charge a fee for wire transfers, and the time of arrival will be determined by the bank.
Customer Support
The Wetrade customer support team can be available 24/7 through several contact methods including email, Facebook, Line and Sina. There is also a“ FQA” section for common answers.
