Wikilix
Contract reading

What WELTRADE legally published, but does not want you to read

Every clause below is published by WELTRADE itself, on its own website, today. The finding is not that the text exists. It is the distance between what a client is shown and what a client agreed to. Read from its own documents on .

Contracting entity: Weltrade Ltd.

sole discretionwithdrawalsbonus lockcomplaint windowforum waivermarketing gapprofit voidingunilateral amendmentcounterpartydeemed acceptance

Weltrade Ltd. gives you three calendar days to complain about a trade, counted from the event, not from when you noticed it. If it decides you broke a rule, it can hand back only your original deposit and keep the profit. Its Risk Disclosure promises negative balance protection; clause 10.5 says that protection may not apply. The contract is English only, while the site sells in Indonesian, Thai, Vietnamese and Arabic.

Back to WELTRADE

Contract risk

Money at risk
8.0/10

Where this contract sitsHow far this contract goes, overall. Under 2 is nothing beyond the ordinary; 6 to 9 means several clauses put money you have already earned at risk; 9 and above reads as designed to make payout refusable.

0510
CriticalClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
6
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
17
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
8
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
5

How the 17 break downThe same flagged clauses, split by how much each one can cost you. Severity is our reading of the clause, not the broker's label.

Critical6
Warning9
Notice2

The numbers in this contractFigures taken from this broker's own clauses, so the labels differ from broker to broker. The four in the panel above are the same on every report.

2 of these 4 figures come from a clause we rate critical, which means it can take your money or your profit rather than only delay it.

Critical3 daysTime to complain. Jump to the clause this comes from.Three calendar days to complain about a tradeCritical$1000Profit at risk. Jump to the clause this comes from.Micro account results cancellable above $1,0004%Fee you were not shown. Jump to the clause this comes from.Deposits advertised at 0% carry a possible 4% deduction30 daysWithdrawal limit. Jump to the clause this comes from.Withdrawals holdable for 30 days, then cancelled

What the documents say

17 clauses worth knowing about, worst first, each quoted from WELTRADE's own files

01

You get three calendar days to complain about a trade. The clock starts on the day the problem happened, not the day you noticed it. Clause 21.2.2 says Weltrade rejects anything later unless it accepts your excuse.

Why this matters

A problem on Friday can expire before Monday. If you miss the three calendar days, Weltrade treats the matter as closed, and clause 21.5.2 makes its own decision final and binding.

Exhibit 1CriticalHarder than usual3 days

Complaints must be submitted within a reasonable time from the event giving rise to the complaint, which the Company deems to be no more than three (3) calendar days.
Clause 21.2.2 in Client Agreement
Read from the broker's site on Open the reference
Our own capture of weltrade.com, taken on Aug 29, 2026Three calendar days to complain about a trade (clause 21.2.2)Visit this page on the broker's siteDownload the full size image file

What it costsA trade that goes wrong on a Friday leaves you until Monday to file a complete complaint with evidence. Two of the three days fall on the weekend.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must accept a retail complaint for at least six months after the client becomes aware of the problem, and must give a written final response. Weltrade allows three calendar days from the event, and clause 21.3.1 says receipt of a complaint does not oblige it to investigate.

WELTRADE is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

02

If Weltrade closes your account over something it decides is a violation, clause 14.3.3 lets it hand back only the money you originally paid in. Every profit above that stays with Weltrade.

Why this matters

Two years of winning trades can be cut back to your original deposit. Clause 14.4.3 says that decision is final and not subject to appeal or dispute.

Exhibit 3CriticalHarder than usual

The Company may, at its discretion, return the Client’s initial deposit amount rather than the current balance if termination results from Client’s violations or fraudulent activity.
Clause 14.3.3 in Client Agreement
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC hold retail client money on trust and must return the client's full entitlement, not a figure the firm selects. This contract lets Weltrade choose the deposit figure instead of the balance.

WELTRADE is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 11Weltrade can keep the profit under clause 14.3.3, and clause 26.3.1 caps at $1,000 what you could recover by challenging it.
03

Weltrade sells the Micro account to beginners with a $1 starting deposit. Clause 10.8.4 says your trading results may be cancelled once that account's equity reaches USD 1,000.00.

Why this matters

Growing a small account past $1,000 is the whole point of a beginner account. That is the moment Weltrade can cancel what you made getting there.

Exhibit 4CriticalRarely seen$1000

Trading activity may be limited once Trading Account equity equals or exceeds USD 1,000.00 or equivalent.
Clause 10.8.4.a in Client Agreement
Read from the broker's site on Open the reference
Our own capture of weltrade.com, taken on Aug 29, 2026The claim, on Weltrade homepage, Micro account card, shown with a starting deposit of 1 USDVisit this page on the broker's siteDownload the full size image file

What it costsA Micro account funded with $1 that grows to $1,001 has crossed the threshold. Clause 10.8.4 lets Weltrade cancel the trading results that took it there.

Our readingA ceiling on how much one account type may earn, enforced by cancelling trading results rather than by moving the client, is unusual. The limit sits on the account Weltrade recommends to people learning the market.

04

Weltrade's Risk Disclosure tells you that you will not be liable for losses beyond the money you deposited. Clause 10.5 of the Client Agreement then says that protection may not apply, and that Weltrade decides who qualifies case by case.

In plain words

Negative balance protection is a limit that stops you owing more than you put in. Without it, one fast market move can leave you owing the broker money on top of your deposit.

Why this matters

You can be left owing Weltrade money after a sudden gap in the market. The promise you read before depositing is not the promise in the contract you accepted.

Exhibit 5CriticalHarder than usual

However, Negative Balance Protection may not apply in cases of prohibited trading practices, fraudulent activity, or violations of this Agreement. The Company reserves the right to determine eligibility on a case-by-case basis.
Clause 10.5 in Client Agreement
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus), ESMA (EU)

Firms licensed by the FCA or CySEC must give every retail client negative balance protection, and it cannot be withdrawn client by client. Weltrade states the protection in its Risk Disclosure and qualifies it in clause 10.5 of the agreement that governs.

WELTRADE is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

05

Weltrade sells in Indonesian, Thai, Vietnamese, Khmer, Lao and Arabic, but serves every legal document in English. Clause 28.8.2 says a translation has no legal effect, and clause 21.1.2 says you must complain in English.

Why this matters

You accept a contract you may not be able to read, then have to complain about it in English. Weltrade's own homepage promises support in your language, wherever you are in the world.

Exhibit 6CriticalHarder than usual

Any translation of this Agreement into other languages may be provided for convenience only and has no legal effect. In the event of any discrepancy, conflict, or inconsistency between the English version and any translated version, the English version shall prevail and control.
Clause 28.8.2 in Client Agreement
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must communicate with retail clients in a way that is clear, fair and not misleading, in a language the client understands. Weltrade markets in more than a dozen languages and gives legal effect to the English version alone.

WELTRADE is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 1The complaint must be in English and must arrive within three calendar days, so a reader who needs a translation loses most of the window getting one.

Three calendar days to object, and Weltrade decides if it listens

Clause 21.2.2 gives you three calendar days to complain about a trade, counted from the event rather than from when you noticed it. Clause 21.4 lets Weltrade refuse a complaint that mentions negative reviews or a regulator, and refuse one you have already taken to a regulator. Weltrade's own records are conclusive under clause 21.3.2, and clause 26.3.1 caps everything you could recover at USD 1,000.00.

Exit from disputes2 clauses flagged

Weltrade can reject your complaint if it contains what the contract calls threats to its reputation through negative reviews, social media, or regulatory complaints. Clause 21.4 also lets it reject a complaint once you have filed with a regulator about the same matter.

Why this matters

Telling Weltrade you plan to go to the regulator can end the complaint you already filed. Going to the regulator first closes the internal route as well, so both doors can shut on you.

Exhibit 2CriticalRarely seen

includes threats to harm Company reputation through negative reviews, social media, or regulatory complaints
Clause 21.4.b in Client Agreement
Read from the broker's site on Open the reference

Our readingComplaint policies normally treat a regulatory referral as the client's right and carry on regardless. This contract turns the referral itself into a ground for refusal, and the same reputation trigger reappears in the copy trading section as a reason to suspend an account.

  • Worse together with Exhibit 1The deadline is three calendar days, and the grounds for refusal include having gone to the regulator, so speed and escalation work against each other.

Whatever Weltrade does, clause 26.3.1 limits what you can recover to the lesser of three months of fees you paid or USD 1,000.00. The cap covers every claim in a twelve month period.

Why this matters

A large balance lost through a Weltrade error is still capped at $1,000. Because the contract takes the lesser figure, most clients are capped well below that.

Exhibit 11WarningHarder than usual$1000

One thousand United States Dollars (USD 1,000.00) or equivalent in other currencies.
Clause 26.3.1 in Client Agreement
Read from the broker's site on Open the reference

What it costsA client who paid $300 in spreads and commissions over three months can recover $300, not $1,000. The contract takes the lower of the two figures.

A 0% deposit page and a 4% clause in the promotion terms

Weltrade advertises 0% commission on deposits and states that it does not charge deposit commissions. Clause 2.5.3 of the Promotion Terms lets it deduct up to 4% of a deposit where it decides you re-deposited to regenerate a bonus, and clause 2.5.2 gives it sole discretion over what counts as a re-deposit. Clause 8.5.1 puts every processor, bank and intermediary charge on you.

Cost disclosure1 clause flagged

Weltrade's deposit page says it does not charge deposit commissions. Clause 2.5.3 of the Promotion Terms lets it take up to 4% of your deposit if it decides you re-deposited to regenerate a bonus.

Why this matters

Weltrade alone decides what counts as a re-deposit under clause 2.5.2. A 4% deduction on a $1,000 deposit is $40 gone before you place a trade.

Exhibit 7WarningHarder than usual4%

Payment processing fees (up to 4% of the re-deposited amount) may be deducted from subsequent deposits to recover the Company’s costs.
Clause 2.5.3.c in Promotion Terms and Conditions
Read from the broker's site on Open the reference

What it costsA $1,000 deposit treated as an abusive re-deposit reaches your account as $960. The $40 is a Weltrade deduction, not a bank charge.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must set out costs and charges to a retail client before they trade, gathered in one place. This charge sits in the Promotion Terms, not on the deposit page that advertises 0%.

WELTRADE is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Every withdrawal is a review Weltrade can extend to 30 days

Clause 12.3.1 sets a 5 business day target, and clause 12.3.2 lets Weltrade hold the request for up to 30 calendar days and cancel it automatically if your documents are late. Card payouts are capped at what you deposited by that card under clause 12.6.3, so profit has to leave by a route Weltrade approves. Clause 12.8.1 lets it refuse once cumulative profits pass USD 10,000.00.

Exit conditions1 clause flagged

Weltrade aims to process a withdrawal in 5 business days. Clause 12.3.2 lets it hold your request for up to 30 calendar days while it asks for documents, and cancel it automatically if you are late.

Why this matters

Card payouts are capped at what you deposited by that card, so your profit has to leave by another route Weltrade approves. Clause 12.8.1 also lets it refuse once your cumulative profits pass USD 10,000.00.

Exhibit 10WarningHarder than usual30 days

Hold withdrawal Orders for up to 30 calendar days from the date of Order creation if additional documentation or information is required. If the Client fails to provide the requested documentation or information within this period, the withdrawal Order will be automatically cancelled, and funds will be returned to the Client’s Trading Account or Safe.
Clause 12.3.2.b in Client Agreement
Read from the broker's site on Open the reference

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
On requestWeltrade takes the amount out of your balance straight away.12.2.3
5 business daysWeltrade aims to process a complete and authenticated request.12.3.1
Up to 30 calendar daysWeltrade can hold the request while it asks you for more documents.12.3.2
After 30 calendar daysThe request is cancelled automatically and the money returns to your account.12.3.2

Any withdrawal cancels the bonus, and the bonus moves your stop out

Clause 2.3.1 removes your whole bonus the moment you withdraw any amount or move money to the Safe wallet. Clause 2.4.2 keeps the turnover target out of the contract, publishing it in a Personal Area you reach only after registering. While a bonus sits on the account, clause 10.4.6 lets Weltrade change the margin level at which it closes your positions, without notice.

Bonus lock2 clauses flagged

Taking out any amount, even part of your own deposit, removes your whole bonus under clause 2.3.1. Moving money into the Safe wallet does the same thing.

Why this matters

You cannot take a small part of your money out and keep the bonus. Weltrade also keeps the turnover target out of the contract, in a Personal Area you only see after you register and deposit.

Exhibit 8WarningHarder than usual

Bonuses are automatically cancelled and removed in full upon:
Clause 2.3.1 in Promotion Terms and Conditions
Read from the broker's site on Open the reference

While a bonus sits on your account, clause 10.4.6 lets Weltrade change the margin level at which it force closes your positions. It can do that at its sole discretion and without telling you.

Why this matters

The point at which your trades get closed for you becomes a number you can no longer rely on. Clause 3.5.4 says Weltrade is not liable for losses caused by the change it made.

Exhibit 9WarningRarely seen

The Company reserves the right to amend the Stop Out level applicable to a Client’s Trading Account at its sole discretion and without prior notice to the Client if a bonus of any kind is credited to that Trading Account.
Clause 10.4.6 in Client Agreement
Read from the broker's site on Open the reference

Our readingA stop out level is the margin threshold at which a broker liquidates your open positions. Letting the broker move that threshold without notice, as the price of accepting a bonus, turns a risk control into a setting the firm adjusts.

  • Worse together with Exhibit 8Withdrawing to escape the moved stop out level cancels the bonus in full, so each clause closes off the other's exit.

Weltrade can rewrite the terms, and you stay bound after you leave

Clause 18.4.1 lets Weltrade change any term, fee or trading condition at its sole discretion, and clause 28.2.2 makes the change effective on publication. Continuing to use the account counts as acceptance, and closing it is your only alternative. Clause 25.1.1 binds you not to compete for twelve months after you leave, and clause 25.2.1 not to approach Weltrade's clients or staff for twenty-four months.

Standing obligations2 clauses flagged

Opening an account commits you not to compete with Weltrade for twelve months after you leave. It also commits you not to approach its clients or its staff for twenty-four months.

Why this matters

Encouraging other traders to move brokers can put you in breach for two years after you close your account. Weltrade can seek an injunction, its legal costs and punitive damages.

Exhibit 12WarningRarely seen

During the term of this Agreement and for a period of twelve (12) months following termination, the Client agrees not to, directly or indirectly, without the Company’s prior written consent:
Clause 25.1.1 in Client Agreement
Read from the broker's site on Open the reference

Our readingNon-competition and non-solicitation covenants are employment and business-sale devices. Pointing them at a retail trading client binds someone whose only role was to be a customer.

Weltrade can change any term, fee or trading condition whenever it likes, under clause 18.4.1. Carrying on using the account counts as your agreement to the change.

Why this matters

Amendments take effect when Weltrade publishes them, so a change can be live before you have seen it. Clause 28.2.4 says your only remedy if you disagree is to close the account.

Exhibit 13WarningHarder than usual

Continued use after amendments constitutes acceptance. Clients who do not accept amendments must close their Account and all linked Trading Accounts.
Clause 18.4.3 in Client Agreement
Read from the broker's site on Open the reference

The document check arrives when you ask for the money

Clause 5.1.2 requires enhanced verification before Weltrade processes a withdrawal, even for an account already verified at deposit. Card deposits above USD 2,000.00 trigger a further review under clause 5.5.3. Clause 5.3.3 lets Weltrade suspend access and freeze funds across every trading account and the Safe while it investigates, with no stated deadline.

Verification timing1 clause flagged

Weltrade requires enhanced verification before it processes a withdrawal, under clause 5.1.2, even if you were already verified when you deposited. Card deposits above USD 2,000.00 trigger a further review.

Why this matters

The document request arrives when you ask for your money, not when you pay it in. Clause 5.3.3 lets Weltrade freeze every account and your Safe while it investigates, with no deadline on the investigation.

Exhibit 17WarningHarder than usual$2000

Enhanced verification is required before processing withdrawal requests. The Client must be prepared to provide documentary evidence upon the Company’s request.
Clause 5.1.2 in Client Agreement
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC are expected to complete identity checks before a client starts trading, so verification is not used as a gate on payouts. Weltrade states that enhanced verification is required before processing withdrawal requests.

WELTRADE is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 10The verification reopens at withdrawal time, and the request it attaches to can be held 30 days and then cancelled.

Six inactivity thresholds, and a fee the contract does not state

Weltrade's dormancy chain runs from 7 days on a near-empty account to archiving at 365 days, with read only mode at 90 days and bonuses removed at 90 days under clause 2.3.2. A demo account is permanently deleted after 30 days without a login. Clause 9.4.1 allows inactivity fees on your Safe wallet but puts the amount in a fee schedule on the website rather than in the agreement.

In plain words

Dormancy means an account left unused.

Dormancy1 clause flagged

Leaving your account alone starts a chain that ends in archiving at 365 days, with read only mode and bonus removal at 90 days. Weltrade can also charge inactivity fees on the money in your Safe wallet.

Why this matters

The inactivity fee amount is not in the contract at all. Clause 9.4.1 points to a fee schedule on the website, so Weltrade can change what you pay without changing the agreement you accepted.

Exhibit 14WarningHarder than usual365 days

Funds held in the Safe may be subject to inactivity fees if the Client’s Account remains inactive for extended periods as defined in the Company’s fee schedule published on the Website.
Clause 9.4.1 in Client Agreement
Read from the broker's site on Open the reference

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
Balance $0.01 to $0.10, 7 daysWeltrade switches off trading services on the account.15.3.2.a
Balance $0.11 to $1.00, 14 daysWeltrade switches off trading services on the account.15.3.2.b
Demo account, 30 daysWeltrade can permanently delete the demo account and all its history, with no notice.15.6.3
Day 60An account under 1.00 USD with no activity is archived and free funds move to the Safe.15.1.1
Day 90Weltrade can switch the account to read only, and can remove any bonus without notice.15.2.1
Day 365An account with no activity at all is archived.15.1.1

The conflict policy exists for one country only

Weltrade publishes a conflict of interest policy on its South African shelf, scoped to the licensed intermediary rather than to the company you trade against. The Saint Lucia Client Agreement that governs your account contains no equivalent section and never says whether Weltrade takes the other side of your trades. Its definitions do record that the spread is a source of Company revenue.

Undisclosed interests1 clause flagged

Weltrade publishes a conflict of interest policy for South African clients only, and it covers the referral company rather than your broker. The Saint Lucia agreement that governs your trading has no equivalent section.

Why this matters

Nothing in your contract tells you whether Weltrade takes the other side of your trades or profits when you lose. The document that would answer that is published for one country and not for yours.

Exhibit 16NoticeHarder than usual

The Company as a FSP;
Clause 1.2 in Conflict of Interest Disclosure
Read from the broker's site on Open the reference

The advertised FSCA licence sits on the referral company

You contract with Weltrade Ltd. in Saint Lucia, which holds your funds and is the counterparty to your trades. The FSCA licence 50691 belongs to Weltrade SA (PTY) Ltd, whose own clause 1.5 says it is not a CFD provider, principal or counterparty, and does not receive, hold or process client funds. No compensation scheme is named for the Saint Lucia company.

In plain words

On a principal basis, as your counterparty, means the broker takes the other side of your trade itself. Your loss is then the firm’s gain, so it has an interest in how your trade ends.

Who holds the money1 clause flagged

You trade with Weltrade Ltd. in Saint Lucia, which holds your money. The FSCA licence Weltrade advertises belongs to Weltrade SA (PTY) Ltd, a separate South African company that says it is not a party to your trades.

Why this matters

A complaint to the FSCA reaches the company that referred you, not the one holding your balance. The documents name no compensation scheme behind the Saint Lucia company.

Exhibit 15NoticeStandard wording

WT SA is not a CFD provider, principal, or counterparty to any CFD trades or trading transactions whatsoever.
Clause 1.5.a in Weltrade SA (PTY) Ltd. Client Agreement
Read from the broker's site on Open the reference
Set against a regulated standard: FSCA (South Africa)

A firm licensed by the FSCA for intermediary services may introduce clients and advise on derivative products. That licence does not authorise it to hold client money or act as the counterparty, and Weltrade SA (PTY) Ltd states in its own agreement that it does neither.

WELTRADE is not licensed by this regulator, so this is a comparison of practice, not a finding of any breach.

Where the marketing and the contract disagree

A promise made in public, set against the clause that governs it

01

The Risk Disclosure states the protection without conditions, and the Client Agreement makes it discretionary and case by case.

Said in public, in English

While losses may exceed your initial position value due to leverage, our negative balance protection ensures that your total losses will not exceed the funds you have deposited in your Account. You will not be liable for losses beyond your deposited balance.

Risk Disclosure Statement, clause 2.3, on Weltrade's own legal page

In the contract · clause 10.5

However, Negative Balance Protection may not apply in cases of prohibited trading practices, fraudulent activity, or violations of this Agreement. The Company reserves the right to determine eligibility on a case-by-case basis.

02

Support is advertised in your language, but a complaint only counts if you write it in English.

Said in public, in English

Global Support, in Your Language. Have a question at any hour? Our multilingual customer care team is available 24/7 via live chat and email, wherever you are in the world.

Weltrade homepage, 24/7 Support panel

In the contract · clause 21.1.2

Complaints must be submitted in English. The Company may, at its sole discretion, accept complaints in other languages but may require English translation before review, which may significantly delay processing.

03

The deposit page promises no Weltrade commission, while the Promotion Terms allow a deduction of up to 4% from a deposit.

Said in public, in English

At Weltrade, we do not charge deposit commissions, allowing you to keep more of your funds for effective trading.

No Commission Deposits page, English

In the contract · clause 2.5.3.c

Payment processing fees (up to 4% of the re-deposited amount) may be deducted from subsequent deposits to recover the Company’s costs.

04

The Indonesian page promises no deposit commission, and the clause allowing a 4% deduction exists only in English.

Said in public, in Indonesian

Di Weltrade, Anda tidak dikenakan komisi deposit, mengizinkan Anda untuk menghemat lebih banyak dana untuk trading lebih efektif.

Word for word in English: At Weltrade, you are not charged a deposit commission, allowing you to save more funds for more effective trading.

Indonesian no-commission deposit page, titled Deposit Tanpa Komisi

In the contract · clause 2.5.3.c

Payment processing fees (up to 4% of the re-deposited amount) may be deducted from subsequent deposits to recover the Company’s costs.

05

The Micro account is sold as the place to start small and grow, and the contract lets Weltrade cancel its results once equity passes USD 1,000.00.

Said in public, in English

PERFECT YOUR STRATEGY. START SMALL AND TRADE WITH CONFIDENCE. IDEAL FOR LEARNING THE MARKETS WITH MINIMAL RISK.

Weltrade homepage, Micro account card, shown with a starting deposit of 1 USD

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of weltrade.com

In the contract · clause 10.8.4.b

Trading results may be cancelled if equity exceeds this threshold.

What changed quietly

This is our first reading of Weltrade, so there is nothing yet to compare it against.

  • REWRITTENClause · 2025-10-26 to 2026-08-29

    The Marshall Islands company that ran the back office was replaced by a Cyprus payment agent, and the South African FSCA licence holder was added to the same page.

    Danoa Enterprises LTD, sebuah perusahaan yang didirikan dan sah berdiri berdasarkan hukum Siprus (No. Pendaftaran HE489250), bertindak sebagai agen pembayaran. Alamat terdaftar: Vasili Michailidi, 9, 3026 Limassol, Siprus.

  • REWRITTENClause · 2025-10-26 to 2026-08-29

    The company named as owning the site changed from Systemgates Ltd to Weltrade Ltd.

    © 2006-2026 Weltrade Ltd. Hak cipta dilindungi.

  • REWRITTENClause · 2025-10-26 to 2026-08-29

    The United Kingdom, Iran and North Korea were added to the list of countries Weltrade does not serve.

    Layanan kami tidak tersedia bagi penduduk Amerika Serikat, Kanada, Inggris Raya, negara anggota Uni Eropa, Federasi Rusia, Belarus, India, Iran, Korea Utara, atau pihak yang dikenakan sanksi internasional (PBB/AS/UE/UK) atau pembatasan FATF, maupun di wilayah mana pun di mana layanan tersebut dilarang oleh hukum setempat yang berlaku.

  • REMOVEDClause · 2025-10-26 to 2026-08-29

    The AML policy linked in the footer in October 2025 is no longer published, while the agreement still puts extensive anti-money-laundering duties on you.

The documents this reading is based on

8 files, all published by WELTRADE. Each shows when we read it and a fingerprint of its wording.

WIKILIX keeps the copy of each file it read, and does not republish it: what is published is the fingerprint of its wording. Download the file yourself and hash its text, lowercased with runs of whitespace collapsed, and a matching fingerprint means the wording quoted above is still the wording WELTRADE publishes.

How this reading was done

Every clause above was read out of a document WELTRADE publishes itself

This reading was published on .

Documents
6 of 8downloaded from the broker's site, and 6 read in full
Pages opened
56pages walked to find those documents, footer links included
Older copies
1earlier versions downloaded
Marketing pages
11public pages set against what the contract says
Languages
EN vs IDthe language it advertises in, against the language it contracts in

Who the contract is with

Weltrade Ltd.

You contract with Weltrade Ltd., an International Business Company registered in Saint Lucia under number 2023-00055. That company holds your money, executes your trades and is the other side of them. The FSCA licence 50691 advertised for this brand belongs to Weltrade SA (PTY) Ltd, a separate South African company whose own agreement says it is not a CFD provider, principal or counterparty to any trade, and does not receive, hold or process client funds. Danoa Enterprises LTD in Cyprus acts as payment agent, and clause 1.7 lets Weltrade replace it at any time. The documents name no compensation scheme behind the Saint Lucia company.

Quotations are copied verbatim from the documents named above, with the clause number and the page each one came from. Where a clause is quoted in another language, the original is shown first and the English is a translation.

The plain-language parts, what a clause means for a client, how ordinary it is, and how it reads against a regulated standard, are WIKILIX's analysis and are labelled as such on every card. This is a reading of public documents, not legal advice and not an allegation of wrongdoing.

In fairness, and what we could not check

A reader who knows the edges of the work can trust the middle of it

Weltrade lets you cancel a bonus and clear its turnover obligation whenever you want, under clause 2.7.4, which frees your own money without an argument. Clause 12.8.2 pays out profit in proportion to the turnover you have already completed instead of voiding all of it. The South African agreement states in clause 1.5 that the FSCA-licensed company is not your trading counterparty and holds none of your money. Most brokers with that structure leave it vague. Every legal document sits on one public page with an effective date, free to read, with no PDF wall and no login.

The legal documents load into the page after it opens, so the download captured only the site navigation. We read the Client Agreement, the Risk Disclosure Statement and the Promotion Terms on Weltrade's own legal page at weltrade.com/legal/. Every quotation credited to those three comes from that page. We did not read the Partner Program Terms or the Privacy and Cookies Policy at all. We read only the opening sections of the South African client agreement and its conflict of interest policy. The conflict of interest address recorded for the international site returns a gone status, and the working copy sits on the South African page. No earlier copy of the Client Agreement exists anywhere, so we could not tell which of its clauses are new. The Indonesian pages at weltrade.land redirect to weltrade.name, a domain not on our record for this broker.

How to check any of this yourself

Every quote above links to the WELTRADE file it came from. This is what to do with it.

Open the three stepsFind the words in the source, work out the fingerprint, and read what a difference does and does not prove.

Open the source and search for the words

Every quote has a link under it. Open the file, or the web page, and search it for the words we quote. The clause number next to the quote tells you where to look.

If the words are not there any more, the source may have changed after we read it. That is worth knowing too. We keep the date we read it, and a code worked out from its wording, so the quote stays checkable.

What a fingerprint is

A fingerprint is a code worked out from what a source says. Change one word and the code changes completely. We keep two codes for every file we read, and the panel on each source shows both.

The first is the code of the exact file we downloaded. The second is the code of its wording alone, with capital letters lowered and runs of spaces collapsed. When the same words are saved as a new file, the first code changes and the second one stays the same.

Only the first code can be worked out on your own computer. Save the file, then run one of these, putting the name of the file you saved where the example is. The panel on each source prints the command with that source's real file name already in it.

macOS or Linux:
  shasum -a 256 the-file-you-saved.pdf

Windows:
  certutil -hashfile the-file-you-saved.pdf SHA256

The two codes are different from each other, and they are not meant to match. Comparing one against the other proves nothing.

What a difference means, and what it does not

A different file code on its own proves nothing. A PDF saved again with a new date inside it is a new file saying exactly the same thing.

A different wording code means the words themselves changed. That is the one that matters, and it is why we keep it.

Even then, a change is not proof of bad faith. Companies update their documents. What this report says is what the document said on the day we read it, and every quote carries that date.

A source that is a web page and not a file has no file to save, so only the code of its wording is shown.

How this report is made

Every clause quoted above comes from a document WELTRADE publishes on its own website, downloaded and hashed on the date shown, with the clause number and page recorded so any reader can check it. We do not allege anything the documents do not say, and we do not judge WELTRADE on anything other than its own published terms and its own public marketing. Where a clause has a qualifier that softens it, the report says so. Last read Aug 29, 2026.

If you represent WELTRADE and a clause has changed, been withdrawn, or is being read out of context, tell us and we will re-read the documents and update this page. Corrections from the broker are welcome and are published with the reading they change. Contact us.

This is a reading of a contract, not legal advice and not a ruling on WELTRADE. Whether its licence is real and current is a separate check on the broker profile.

Back to the WELTRADE profile