WETRADE

WeTrade Review: Is WeTrade a Good Broker?

Broker overview and general information

WeTrade is a broker founded in 2015 with the goal of building trust and confidence among global investors. In 2016, WeTrade began to expand its services to investors in mainland China, and was awarded the "Most Potential Forex Broker" and "Most Trusted Broker" the following year. It also launched the WeTrade Rewards Mall, a rewards point system. In 2018, it allowed an investor to redeem a Tesla Model X as a major prize, reflecting the broker's seriousness and reliable service. In 2019, it expanded its market to Southeast Asia, and entered the Japanese market the following year.

Broker Licensing and Regulation

• Labuan Financial Services Authority (FSA) No. MB/22/0100

• FINANCIAL SERVICES AUTHORITY St Vincent & The Grenadines (FSA) No.MB/22/0100
  

Examples of awards received by WeTrade

• Best Loyalty Program Broker - Forex Expo Dubai 2024

• Best Forex Trading Broker - FastBull 2024

• Best Trading Liquidity - FastBull 2024'

• Broker of the Year - MINDANAO TRADERS EXPO 2023

• Best ECN/STP Broker - Forex-Awards

• Best Trading Experience - TradingLive

Broker Products and Services

Trading products

Brokers offer a wide range of investment products to suit all needs, covering Forex, stocks, indices, metals, energies and cryptocurrencies.

• Trade Forex: Trade Forex on a variety of currency pairs. Choose from over 37 popular pairs worldwide.

• Stocks: Trade and make profit from the fluctuation of stock prices in all types of businesses, focusing mainly on stocks from the Hong Kong and US markets.

• Indices: Trade over 10 popular global indices.

• Metals: Trade precious metals, pair gold and silver with spreads as low as 1 pip.

• Energy: Access to global energy trading, including crude oil and natural gas. Profit from price fluctuations in global markets.

• Cryptocurrency: Trade Cryptocurrency, an asset that has no market opening/closing time, allowing investors to make profits at any time.
  

Trading Platform

WeTrade is a broker that allows you to invest through 5 main platforms: MetaTrader 4, WeTrade Social, WeTrade App, MultiTerminal and MAM.

• MetaTrader 4 is a popular trading platform known for its ease of use and stability. It offers a wide range of technical analysis tools, including multiple chart types, indicators and automated trading via Expert Advisors (EAs), making it suitable for both novice and professional traders. It also supports trading in multiple assets, including Forex, Indices and Commodities.

• WeTrade Social is a platform that focuses on connecting a global community of traders, allowing traders to follow and copy strategies from professional traders in real time (Copy Trading), allowing inexperienced traders to make profits following expert traders and also providing a channel for learning from other traders.

• WeTrade App is a trading application designed for easy use on mobile phones. It provides a full range of trading and market analysis tools, allowing investors to trade anywhere, anytime. It supports a wide range of assets, including real-time alerts so that you don't miss any investment opportunities.

• MultiTerminal is a platform that allows money managers or professional investors to manage multiple trading accounts simultaneously. It has a function to distribute trading orders to multiple accounts simultaneously, saving time and increasing the efficiency of investment portfolio management.

• MAM (Multi-Account Manager) MAM is a platform designed for money managers who need to manage multiple accounts simultaneously, with flexible adjustment of capital and profit distribution according to specified proportions. It is suitable for investors who want experts to manage their investment portfolios.
  
  
  
  

WeTrade Review: Account Types

Brokers divide their trader accounts into three types: STP accounts, Standard accounts, and ECN accounts.

STP Account

• Maximum leverage 1:2000

• Minimum deposit 20 USD

• Commission 0$

• Spread starts at 1.8 pips

• Stop Out 20%

• Minimum trade size 0.01 lot

• Maximum trade lots per order 100

Standard Account

• Maximum leverage 1:2000

• Minimum deposit 20 USD

• Commission 0$

• Spread starts at 1.0 pips

• Stop Out 20%

• Minimum trade size 0.01 lot

• Maximum trade lots per order 100

ECN Account

• Maximum leverage 1:2000

• Minimum deposit 1000 USD

• Commission $7

• Spread starts at 0 pips

• Stop Out 20%

• Minimum trade size 0.01 lot

• Maximum trade lots per order 100
  
  
  

Deposit and Withdrawal Review

Brokers offer a wide variety of deposit and withdrawal channels to choose from, meeting the needs of customers from many countries as follows:

Supported deposit/withdrawal channels

• USDT

• BankWire

• Local Deposit

• UnionPay
  
  
  

WeTrade Bonuses and Promotions

The broker offers a variety of promotions such as WeTrade Honours, WeTrade Rewards, which allow investors to collect points to redeem for various prizes, as well as online campaigns at different times such as Cashback, WeTrade Social, and various prediction campaigns.

Support and Customer Service

For foreign investors or Thai investors who want to invest, you can contact customer service 24 hours a day through this channel.

• E-mail:[email protected] 

• Website:https://www.wetradebroker.com/ 

• Facebook:https://www.facebook.com/global.wetrade 

• Instagram:https://www.instagram.com/wetrade.global/ 

• YouTube :https://www.youtube.com/@wetradeglobal

• Linkedin :https://www.linkedin.com/company/wetrade-official/

• TikTok:https://www.tiktok.com/@wetrade.global 

• Supported languages:English, Chinese, Spanish, Japanese, Thai, Vietnamese, Indonesian, Portuguese

  
  
  

Summary of WeTrade Broker Review: Is It Good?

WeTrade is a forex broker that stands out for its low minimum deposit and high leverage. It is suitable for beginner traders and those who want to try trading with a small capital. It also offers a wide range of assets such as forex, crude oil, indices, and cryptocurrencies.

However, the broker still lacks a license from a highly credible regulatory body, which may affect confidence in the safety of funds. There are also reports of withdrawal problems and high fees compared to other brokers. In conclusion, WeTrade may be suitable for beginners who want to try trading with a small amount of capital, but for those who emphasize reliability and solid service, they should consider carefully before deciding to invest.

Frequently Asked Questions about WeTrade

Q: Is WeTrade licensed and regulated?

• WeTrade is authorized and regulated by the Financial Services Authority of Saint Vincent and the Grenadines (SVG FSA) and the Labuan Financial Services Authority (FSA).
  
  

Q: How many account types does WeTrade have and what are the trading conditions?

• There are 3 account types: Standard, STP and ECN. The Standard and STP accounts have a minimum deposit of $20, while the ECN account has a minimum deposit of $1,000. The maximum leverage is 1:2000 and the spread starts at 0.0 pips for the ECN account.
  
  

Q: Does WeTrade have any problems with withdrawals?

• Some users have reported issues with withdrawals, such as delays or inability to withdraw. However, user experiences may vary, so it’s best to check more information before deciding to use the service.

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WeTrade Review Compare spreads, fees, trading platforms, deposit and withdrawal conditions and more with real user reviews to help you decide on the broker that suits your needs.