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Score

0123456789
.
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/10
The WikiFX Score of this broker is reduced because of too many complaints!

WeTrade

United Kingdom|5-10 years| Benchmark B|
Regulated in Malaysia|Straight Through Processing(STP)|MT5 Full License|High potential risk|Offshore Regulated|

https://www.wetradefx.com

Website

Rating Index

Benchmark

Benchmark

B

Average transaction speed (ms)

451

MT4/5

Full License

WeTrade-Demo

China
MT4
28

Influence

B

Influence index NO.1

United States 8.05
The WikiFX Score of this broker is reduced because of too many complaints!

Benchmark

Speed:A

Slippage:AAA

Cost:B

Disconnected:AAA

Rollover:C

MT4/5 Identification

MT4/5 Identification

Full License

28
Server Name
WeTrade-Demo MT4
Server Location China

Influence

Influence

B

Influence index NO.1

United States 8.05
Surpassed 52.60% brokers
Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

chinasupport@wetrade.net
https://www.wetradefx.com
20-22 Wenlock Road London N1 7GU UNITED KINGDOM
https://www.facebook.com/global.wetrade
VPS Standard
*No restriction on the broker account

Single Core

1G

40G

1M*ADSL

WikiFX Risk Alerts
2024-12-25
  • The number of the complaints received by WikiFX have reached 9 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
2

Basic information

Registered region
United Kingdom
Operating period
5-10 years
Company Name
WeTrade International Limited
Abbreviation
WeTrade
Company employee
--
Customer Service Email Address
globalsupport@wetradefx.com
Company address
20-22 Wenlock Road London N1 7GU UNITED KINGDOM
Keywords 10
5-10 years
Regulated in Malaysia
Regulated in Saint Vincent and the Grenadines
Straight Through Processing(STP)
Business Registration
MT5 Full License
White label MT4
Self-developed
High potential risk
Offshore Regulated

Sky9548

Vietnam

More than 200 US dollars was deducted as a handling fee for withdrawing money. It's so disgusting. Deduct for deposits and withdrawals.

Exposure

03-25

Sky9548

Vietnam

There is a handling fee of US$50 for deposits, USDT to USD is 1:1, and a 1% deduction for withdrawals, and then the exchange rate is 4%. $430 was deducted. The withdrawal is $9149. I contacted customer service and they said they couldn't see it.

Exposure

03-21

icn31

Spain

I CANNOT WITHDRAW MY MONEY I FOUND IN A VIDEO PUBLISHED IN MICROSOFT NEWS A FAMOUS MAN EARNING A LOT OF MONEY AND I DECIDE TO REGISTER AT THE BEGINNING I INCOME ABOUT 250 EUROS AND LATER ABOUT 1000 MORE ALWAYS HARASSING ME IN CALLS SO THAT I ENTER MORE MONEY I DECIDE TO WITHDRAW AND IT IS IMPOSSIBLE TELLS ME IF I WANT TO WITHDRAW I HAVE TO MAKE A TRANSFER TO THEM IN THE CONCEPT OF INTEREST AND COMMISSIONS OF ABOUT 3,500 EUROS. DOING A LITTLE RESEARCH THERE ARE MORE PEOPLE THE SAME AND IT IS A SCAM AND I DON'T DO IT AND ON SOME OCCASIONS THEY MAKE WITHDRAWAL OF MY BANK CARDS. I DECIDE TO REPORT THE CASE. AND MY BANK CANNOT GIVE ME A REFUND OF MY TRANSFERS BECAUSE ACCORDING TO THEM I DID IT ON MY OWN ACCOUNT AND NOBODY FORCED ME TO DO IT

Exposure

2023-11-26

黑皮二哥

Taiwan

I met a man on the Internet who encouraged me to change platform. I deposited 5,000 US dollars, and after operation reached 8,000 yuan, I lost 6,000 yuan. When I reached 6,000 yuan, I lost 700 yuan a day. When I got back, I lost more than 700 yuan. Before saying that the agent helped me pay 4280 yuan. After that, I couldn’t contact anyone and they didn’t reply. Finally, I left a message in chat group, and he replied. Told me where the money came from and block me. My account number in Zhonghui is 7210919.

Exposure

2023-11-10

Ye YUN

Greece

If the account is frozen, do I need to deposit funds to unfreeze it? After all the money has been deposited, they all ran away and can’t be contacted. These are the chat records of the platform.

Exposure

2022-12-28

Syed Mohammad Rizwan

India

I have deposited 250 dollars on 8-september 2022 but not credited yet to my trading account. Zero support from customer care.. seems it's a fraud broker.

Exposure

2022-09-11

Vanessa789

Taiwan

When you open an account from the fraudulent platform Poipex, the account opening platform of WeTrade pops out. When you look at the license application of the two companies, you will understand.

Exposure

2022-08-07

FX4137271032

Japan

When you make a deposit, the platform will tell you that you need to upgrade to a Gold VIP, and you can withdraw normally. When you have paid, you can withdraw it again. The platform will tell you that you need to activate and then say that you need to pay taxes where you are. If you don’t pay, you can’t withdraw the money and you will keep saying a word to you. Please pay within a fixed time, otherwise the account will become unmanaged. At that time, you need to pay a deposit to reflect it! When I finished paying everything, I estimated that there were 50,000 Canadian dollars, and I thought I could finally withdraw cash. The platform gave me another reason to say that my account has been identified by Asia Pacific Anti-Money Laundering and I am a suspect of money laundering. I have to pay a 30% deposit of the principal to confirm that I have no relationship with the money. No matter what you do, this money has never been paid out. This money comes and goes. I invested about 200,000 Canadian dollars!

Exposure

2021-03-21

禅81704

Malaysia

It’s normal on other platforms.

Exposure

2021-01-07

jewhdi

New Zealand

High Fees and Commission rates. You are technically forced to make 3 trades per quarter to avoid any fees - which is ok for me, maybe not for some. £8 per trade is high, although maybe lower than other sites.

Neutral

05-17

董98129

India

I used to have my best trading experience with WeTrade for 5 years, but I cannot open its official website now. I tried to contact my previous account manager, but I failed…

Neutral

2023-02-24

Dellry

Peru

WeTrade is fantastic! Their spreads are tight and competitive, and their customer support is second to none. They're always quick to respond and help you out with any issues you may have. If you're looking for a reliable and supportive broker, WeTrade is definitely worth considering.

Positive

07-22

不负

Vietnam

Zhonghui's fees are quite transparent, there are no hidden fees, and there are a lot of educational resources and related support, which is very friendly to novices. The trading environment is not bad, and the account manager is quite professional.

Positive

2022-12-14

29
Account Information
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Benchmark
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Marketing Strategy
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Company Summary
Disclosure
News
Review
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Meta Trader 5
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Benchmark

Average transaction speed(ms)
451
The highest transaction speed(ms)
266
The highest speed of opening positions(ms)
297
The highest speed of closing position(ms)
266
The lowest speed of opening positions(ms)
890 Great
The lowest speed of closing position(ms)
956 Good
18.95USD/Lot
31.96USD/Lot Good
Long: -7.64USD/Lot    Short: 0.36USD/Lot Poor
Long: -36.1USD/Lot    Short: 13.75USD/Lot Poor
Average slippage
-2.1 Good
Maximum transaction slippage
17
Maximum positive slippage
5 Poor
Maximum negative slippage
17 Good
Average disconnection frequency (times/day)
0.4 Perfect
Average reconnection time (millisecond/per request)
19.5
Ranking: 87 / 125
Test user 415
Orders 3,887
Ocuppied margin $665,958 USD
Data Source
WikiFX Data provide
Updated: 2024-12-24 01:00:00

Total Margin Trend

VPS Region User Products Closing time
London 656*** GBPUSD.pro 12-24 22:20:27
Dubai 873*** USDCAD.pro 12-24 16:24:09
Tokyo 707*** GBPUSD.pro 12-24 19:01:45

Stop Out

0.70%

Stop Out Symbol Distribution

6 months

Sources
Language
Mkt. Analysis
Creatives

Website

  • wetradevn.com

    Server Location

    United States

    Website Domain Name

    wetradevn.com

    Server IP

    172.67.193.129

  • wetradechina.net

  • forexwetrade.com

Company Summary

Company Summary

Company profile

Note: WeTrades official site - https://www.wetradefx.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

Feature Information
Registered Country/Region United Kingdom
Found 2015
Regulation unregulated
Market Instrument forex, indices, energies, precious metals
Account Type STP, VIP, ECN and Affiliate
Demo Account N/A
Maximum Leverage 1:1000
Spread Vary on the account type
Commission Vary on the account type
Trading Platform MT4
Minimum Deposit $100
Deposit & Withdrawal Method USDT, bank wire transfers

WeTrade, a trading name of WeTrade International Limited, is a forex broker founded in 2015 and based in London, UK.

As for regulation, WeTrade holds a revoked (United Kingdom) Financial Conduct Authority license and an offshore regulated (Saint Vincent and the Grenadines) Financial Services Authority license. That is why its regulatory status on WikiFX is listed as “Offshore Regulatory” and receives a relatively low score of 4.48/10. Please be aware of the risk.

General Information & Regulation

Note: The screenshot date is February 3, 2023. WikiFX gives dynamic scores, which will update in real-time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.

Market Instruments

The company offers a wide range of trading products, including forex, indices, energies, precious metals, four trading categories in total, and more than 60 kinds of trading products.

Account Types

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 $1000), ECN (minimum deposit of $3000), and Affiliate accounts (minimum deposit of $100).

Leverage

When it comes to 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

Spreads vary depending on the 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 contacted through email: globalsupport@wetradefx.com, chinasupport@wetrade.net, support@wetradefx.com. You can also follow this broker on social networks such as WeChat: wolovewetrade, Facebook, and YouTube.

Pros & Cons

Pros Cons
• Wide range of trading assets and account types • No regulation
• MT4 supported • Website inaccessible
• Limited funding options

Frequently Asked Questions (FAQs)

Q 1: Is WeTrade regulated?
A 1: No. WeTrade holds a revoked (United Kingdom) Financial Conduct Authority license and an offshore regulated (Saint Vincent and the Grenadines) Financial Services Authority license.
Q 2: Does WeTrade offer the industry-standard MT4 & MT5?
A 2: Yes. WeTrade supports MT4.
Q 3: What is the minimum deposit for WeTrade
A 3: The minimum initial deposit to open an account is $100.
Q 4: Is WeTrade a good broker for beginners?
A 4: No. WeTrade is not a good choice for beginners. Though it advertises very well, it lacks legitimate regulations.

Keywords

  • 5-10 years
  • Regulated in Malaysia
  • Regulated in Saint Vincent and the Grenadines
  • Straight Through Processing(STP)
  • Business Registration
  • MT5 Full License
  • White label MT4
  • Self-developed
  • High potential risk
  • Offshore Regulated

Review 29

All(13) Latest Positive(2) Neutral(2) Exposure(9)
icn31

1-2 years

Spain

Exposure
WEBTRADER
I CANNOT WITHDRAW MY MONEY I FOUND IN A VIDEO PUBLISHED IN MICROSOFT NEWS A FAMOUS MAN EARNING A LOT OF MONEY AND I DECIDE TO REGISTER AT THE BEGINNING I INCOME ABOUT 250 EUROS AND LATER ABOUT 1000 MORE ALWAYS HARASSING ME IN CALLS SO THAT I ENTER MORE MONEY I DECIDE TO WITHDRAW AND IT IS IMPOSSIBLE TELLS ME IF I WANT TO WITHDRAW I HAVE TO MAKE A TRANSFER TO THEM IN THE CONCEPT OF INTEREST AND COMMISSIONS OF ABOUT 3,500 EUROS. DOING A LITTLE RESEARCH THERE ARE MORE PEOPLE THE SAME AND IT IS A SCAM AND I DON'T DO IT AND ON SOME OCCASIONS THEY MAKE WITHDRAWAL OF MY BANK CARDS. I DECIDE TO REPORT THE CASE. AND MY BANK CANNOT GIVE ME A REFUND OF MY TRANSFERS BECAUSE ACCORDING TO THEM I DID IT ON MY OWN ACCOUNT AND NOBODY FORCED ME TO DO IT
2023-11-26
Replied
Reply from official WeTrade
Reply: Dear customer, hello, you have encountered a fake WeTrade platform. Currently, there are many fake WeTrade platforms or websites. Please be cautious when choosing an official platform for trading. WeTrade is one of the world's leading foreign exchange brokers, established in 2015, dedicated to providing traders with high-quality financial services and trading experience. Welcome to visit the official website for more information.

Original

回复内容: 尊敬的客户,您好,您遇到了假冒的WeTrade平台。目前存在许多假冒的WeTrade的平台或网站,交易时请谨慎选择正规官方平台。 WeTrade 是全球领先的外汇经纪商之一,创建于2015年,致力于为交易者提供优质的金融服务和交易体验。欢迎进入官网了解更多。

黑皮二哥

3-5 years

Taiwan

Exposure
The agent moved to the platform, and the phone was not answered, and the call was simply not returned. The loss of more than 8,000 yuan to more than 100 yuan, the real agent was cut, its a pig-butchering scam.
I met a man on the Internet who encouraged me to change platform. I deposited 5,000 US dollars, and after operation reached 8,000 yuan, I lost 6,000 yuan. When I reached 6,000 yuan, I lost 700 yuan a day. When I got back, I lost more than 700 yuan. Before saying that the agent helped me pay 4280 yuan. After that, I couldn’t contact anyone and they didn’t reply. Finally, I left a message in chat group, and he replied. Told me where the money came from and block me. My account number in Zhonghui is 7210919.
2023-11-10
Replied
Reply from official WeTrade
Reply: Dear customer, hello, you have encountered a fake WeTrade platform. Currently, there are many fake WeTrade platforms or websites. Please be cautious when choosing an official platform for trading. WeTrade is one of the world's leading foreign exchange brokers, established in 2015, dedicated to providing traders with high-quality financial services and trading experience. Welcome to visit the official website for more information.

Original

回复内容: 尊敬的客户,您好,您遇到了假冒的WeTrade平台。目前存在许多假冒的WeTrade的平台或网站,交易时请谨慎选择正规官方平台。 WeTrade 是全球领先的外汇经纪商之一,创建于2015年,致力于为交易者提供优质的金融服务和交易体验。欢迎进入官网了解更多。

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