WeTrade (also known as WeTrade FX) is an international Forex and CFD broker established in 2015, originally registered in Saint Vincent and the Grenadines, with additional regulation through Labuan FSA (Malaysia).
🔹 Regulation & Safety
WeTrade operates under licenses from SVG FSA and Labuan FSA but lacks Tier-1 licenses (such as FCA, ASIC, or CFTC). It has moderate safety ratings from regulatory review sources, approximately 3.7–4.8 out of 10. The broker previously had a UK FCA license, which was later revoked.
🔹 Account Types & Trading Conditions
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Account types: Standard (STP), ECN, VIP, Islamic, Social/Affiliate, MAM.
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Minimum deposit: from $10–$100, depending on account type.
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Leverage: up to 1:2000 (typical leverage ranges from 1:500–1:2000).
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Spreads & commissions: Standard accounts usually offer no commission with spreads from 1.8 pips (EUR/USD), while ECN accounts feature spreads from 0.0 pips with a commission of approximately $7 per lot.
WeTrade offers over 60–120 instruments, including:
- Forex (major and minor pairs)
- Metals (gold, silver)
- Energy (oil, gas)
- Stock CFDs
- Indices
- Cryptocurrencies
Trading platforms provided include:
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MetaTrader 4 (desktop and mobile apps)
- Proprietary social trading platform supporting copy trading, MAM accounts, and optional VPS services.
WeTrade frequently offers promotional programs such as:
- Cashback ($2 per lot for strategy providers)
- Trading contests with cash prizes (e.g., monthly "Blitz Race" with $5,000 prizes)
- VIP rewards up to $25,000
- Swap-free promotions
- Affiliate bonuses
✅ Pros & ⚠️ Cons
Pros:
- Low initial deposit (starting from $10)
- High leverage (up to 1:2000)
- Variety of account types (ECN, VIP, Islamic, MAM)
- Active promotional and reward programs
- Support for social and copy-trading
Cons / Risks:
- Lacks top-tier regulation (offshore jurisdiction)
- Moderate to low safety rating (3.7–4.8/10)
- Reports of poor customer support and inconsistent order execution
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