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Verify with the source.Wherever possible, information is matched against official registers and primary sources.
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Know the type of information.We classify user complaints, company statements and official records separately.
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BROKERWeltrade

Forex and CFD brand that says it has operated since 2006; CFD services are provided by the unlicensed Weltrade Ltd, registered in Saint Lucia, while group company Weltrade SA (PTY) Ltd holds an FSCA licence as an intermediary only.

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BROKERGrand Capital

Seychelles-registered forex and CFD brand that says it has operated since 2006; according to an archived copy of the register, the Comoros (MISA) licence it claims expired on 9 December 2025, and the Seychelles FSA has issued a warning that the company has never been authorised in Seychelles.

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HOW IT WORKS

See the level of evidence
on every institution profile.

Instead of ratings, we show the data, its source and its verification status.

  1. 01Data
  2. 02Source
  3. 03Verification
A

Sample Financial Institution

Broker · United Kingdom

Last checked: 23.09.2026
REGULATIONOfficial record verified

The licence number and scope are matched directly against the regulator’s source.

● Official source
USER FEEDBACKRecurring topics

Topics such as withdrawals, support and trading conditions are grouped by period.

● Verified platform record
COMPANY STATEMENTData disclosed by the company

The company’s own statements are shown separately from independent verification.

● Statement
← Home

Weltrade

Broker · International

About the company

Legal company nameWeltrade Ltd · Weltrade SA (PTY) Ltd · Danoa Enterprises Ltd
Year founded2006
Headquarters / registered countryGros-Islet, Saint Lucia
Websitewww.weltrade.com
Last checked08.10.2026

According to its official website, Weltrade is a forex and CFD brand founded in June 2006 as SystemForex and renamed Weltrade in March 2012. The client agreement on weltrade.com is with Weltrade Ltd, incorporated in Saint Lucia on 27 February 2023 under number 2023-00055 and registered in Gros-Islet (formerly Systemgates LTD); the site does not state any regulatory licence for this company, so the company serving international clients is unlicensed. Group company Weltrade SA (PTY) Ltd is licensed by South Africa's Financial Sector Conduct Authority (FSCA) for intermediary services in derivative instruments (FSP 50691); its South African client agreement says it is not a CFD provider and only refers clients to Weltrade Ltd. Some payment methods are processed by Danoa Enterprises Ltd in Limassol. Residents of the US, Canada, the UK, EU member states, Russia, Belarus, India, Iran and North Korea are not served. The company offers CFDs only on forex, metals, commodities, indices, stocks, cryptocurrencies and SyntX synthetic indices through Micro, Cent, Universe, Pro, SyntX, Raw Spread and ZuluTrade accounts on MetaTrader 5, MetaTrader 4 (ZuluTrade account), Weltrade Terminal, the mobile app and WebTrader; copy trading is also available. The minimum deposit is 1 USD on Micro, Cent, Universe and SyntX accounts and depends on the payment system; it is 10 USD on Pro, 100 USD on Raw Spread and 200 USD on ZuluTrade. Leverage is up to 1:2000, and up to 1:10000 on SyntX products. This information is the company's own statement.

Account Details

ACCOUNT TYPESMicro · Cent · Universe · Pro · SyntX · Raw Spread · ZuluTrade · Demo
MIN. DEPOSIT1 USD (depends on the payment system)
PLATFORMSMetaTrader 5 · MetaTrader 4 · Weltrade Terminal · Weltrade App · WebTrader
PRODUCTSForex · Metals · Commodities · Indices · Stocks · Cryptocurrencies · SyntX synthetic indices
LEVERAGEUp to 1:2000

Licences and regulation

FSCA (South Africa)

Licence no.FSP 50691
Licence holderWeltrade SA (PTY) Ltd
ScopeAuthorised in the FSCA register since 13 May 2021, Category I (shares and derivative instruments), company no 2019/334947/07. The site describes it as an intermediary licence; the company is not a CFD provider and refers South African clients to the unlicensed Weltrade Ltd.
StatusVerified

User complaints

User reports found online are classified by topic. The charts show how reports are distributed; the reports are compiled from records on platforms that verify users and screen out fake reviews.

Period reviewed: February 2020 – October 2026

  • Withdrawal / payment: 80
  • Account / trading conditions: 44
  • Identity verification: 8
  • Bonus / promotion: 7
  • Other: 5
  • Customer support: 2

No. 57 for most complaints among 205 institutions.

RANK BY TOPIC — Withdrawal / payment: 15. · Account / trading conditions: 58. · Identity verification: 28. · Bonus / promotion: 28. · Other: 77. · Customer support: 97.

SOURCES REVIEWED

The complaint distribution is based on the 1-star reviews on Weltrade's Trustpilot page (108) and WikiFX (38) records as of 8 October 2026; one person's reviews count once, and records about fake sites and third parties using the Weltrade name are left out. Across the complaints, deposits not credited and delayed or rejected withdrawals stand out, along with allegations of cancelled profits, slippage and price manipulation, and identity documents rejected again and again.

Sources and verification history

Official company sourcesweltrade.com — homepage and footer, Company/About, account types, payment systems, Client Agreement (international and South Africa, via the site API), Saint Lucia certificate of name change · weltrade.com/za — account table
Regulator recordsFSCA — Weltrade SA (PTY) Ltd, FSP 50691, Authorized 13 May 2021 (fsca.co.za)
Company registerThe site gives Saint Lucia company no 2023-00055 (incorporated 27 Feb 2023) for Weltrade Ltd, 2019/334947/07 (South Africa) for Weltrade SA (PTY) Ltd and HE489250 (Cyprus) for Danoa Enterprises Ltd
User feedback sourcesTrustpilot · Şikayetvar · WikiFX
Last verified08.10.2026

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