Is WeTrade a scam?
Wikilix independent safety report
Yes. We assess WeTrade (wetrade.one) as a scam, and we assess the risk of fraud as high: the regulator it said licensed it has publicly stated it never did, and the operation went dark in February 20…
Risk scorecard · each area scored 0 (clean) to 10 (worst)
Broker Summary
What Wikilix has recorded about WeTrade: its history, the licences it holds, its trading conditions and its fees.
WeTrade Broker Overview
WeTrade is a forex and CFD trading brand operated by We Mobile Co., Ltd, a company registered in Hong Kong and recorded as dating from 2021. It holds no confirmed financial services licence. Its website at www.wetrade.one does not resolve at the time of this review, so its current terms cannot be read from the operator itself.
The last known conditions are a maximum leverage of 1:500 and a minimum deposit of 2 USD, with funding by bank transfer, card, e-wallet, cryptocurrency and local online payment rails. No trading platform is recorded for the brand.
WeTrade Regulation and License
No licence from any financial regulator is known for WeTrade or for We Mobile Co., Ltd, and WIKILIX lists the brand as unregulated. No regulator, no licence number and no jurisdiction of supervision is established for it.
A dedicated licence check of this broker is outstanding at WIKILIX. A regulator, a number and a status will be named only if that check confirms one on the authority's own register.
Is WeTrade Regulated?
No. WeTrade has no confirmed financial regulation. For a client that means there is no authority to escalate a complaint to, no licensing conditions governing how deposits are held, and no statutory compensation scheme standing behind an account balance.
We Mobile Co., Ltd
We Mobile Co., Ltd is the legal company recorded behind the WeTrade brand, registered in Hong Kong. No company registration number is known for it, and its corporate record has not been checked against the Hong Kong Companies Registry. A company registration, where one is confirmed, shows only that a company exists. It is not financial regulation, and it does not authorise a business to hold client deposits or to offer leveraged trading.
Is WeTrade Safe?
WeTrade cannot be shown to be safe on the current evidence. There is no licence from any financial authority, no trading platform is recorded, and the brand's own domain is not resolving, which leaves no published terms to read and no figure on this page that can be checked against the operator. A domain that stops resolving is not by itself proof that a business has closed, but it removes the one source a client could otherwise rely on.
WeTrade Leverage
The maximum leverage recorded for WeTrade is 1:500. No instrument specific or jurisdiction specific caps below that figure are known.
WeTrade Deposits and Withdrawals
The funding rails recorded for WeTrade are bank transfer, credit and debit card, e-wallet, cryptocurrency and local online payment systems. Card deposits are recorded as carrying a fee of 1.49% to 3.5%, bank transfers as settling in one to four business days and taking up to seven for withdrawals, and card and e-wallet movements as instant to intraday. SEPA bank transfers and some of the online payment options are recorded as open to clients in the European Union only, and withdrawals are generally expected back to the method used for the deposit.
These figures come from earlier research and could not be re-confirmed for this review, because the site that published them is not resolving. Treat each of them as unverified at today's date.
WeTrade Pros and Cons
- A low recorded entry threshold, at a minimum deposit of 2 USD.
- Several funding rails recorded, including cards, e-wallets and cryptocurrency.
- No licence from any financial regulator, and no supervision of any kind established.
- No trading platform recorded for the brand.
- No published company registration number for the operating company.
- A domain that does not resolve, leaving the recorded funding terms and conditions unverifiable.
WeTrade Review and Assessment
WeTrade presents a low entry point and high leverage behind a Hong Kong company with no demonstrable regulatory standing. The key question before funding an account is not what the conditions are but whether anything makes them enforceable. Nothing does: no financial authority supervises the brand, and its own website does not currently show the terms it trades on. An outstanding licence check may change part of that assessment, and the review will be updated if it does.
Regulatory Licenses
We have not confirmed any regulation for WeTrade. Money deposited with an unregulated broker is protected only by the company itself.
Trading with an unregulated broker puts your deposit at risk.
No regulation
We have not confirmed any regulation for WeTrade. An unregulated broker is not supervised by a financial authority, and money you deposit is protected only by the company itself.
What this means for you
- No compensation scheme covers your funds.
- No regulator to escalate a complaint to.
- No audit of how client money is held.
Funding Methods
5 ways to fund an account. 3 credit instantly. The costliest way in is Credit Card (Visa, MasterCard, Amex) at 1.49%.
| Method | Deposit fee | Withdrawal fee | Min deposit | Withdrawal min / max | Processing |
|---|---|---|---|---|---|
Bank TransferBank TransferMaximum deposits can be unlimited; withdrawals often require same method as deposit to comply with AML. | Not recorded | Not recorded | USD 100 | USD 100Not recorded | Up to 1 day |
Credit Card (Visa, MasterCard, Amex)Credit CardDeposit fees range from 1.49% to 3.5%; maximum deposit example €2,500 (~$2,750). Withdrawals usually must be to the same card. | 1.49% | Not recorded | USD 100 | USD 100USD 2,750 | Instant |
E-wallets (Skrill, Neteller, PayPal, WebMoney)E-WalletMaximum deposits can be up to €50,000 (~$55,000); withdrawal fees may apply depending on provider. | Not recorded | Not recorded | USD 100 | USD 100USD 55,000 | Instant |
Cryptocurrency (Bitcoin, Ethereum, others)CryptocurrencyFees depend on blockchain network fees; no specific limits stated. | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | Not recorded |
Online Payment Systems (local payment gateways, peer-to-peer services)OtherSome online payments limited to EU citizens; fees up to 3.5% may apply. | Not recorded | Not recorded | USD 100 | USD 100USD 55,000 | Instant |
Global Domains
4 domains on record. 3 active.
Corporate Network
One legal entity behind the WeTrade brand.
- We Mobile Co., LtdActiveHong KongRegistration N/AEstablished Jan 1, 2021
Company Registration
WeTrade names We Mobile Co., Ltd as the operating company. We could not confirm that registration on the registry.
- Legal entity
- We Mobile Co., Ltd
- Jurisdiction
- Hong Kong
- Registry
- Hong Kong Companies Registry
Brokers worth comparing
One other broker on the record shares what WeTrade offers — its country, regulator, account types or platforms — set beside it on the same measures.
WeTrade
This recordHong Kong · since 2021· We Mobile Co., LtdWikilix score 20.0RegulationNo RegulationMax leverage1:500PlatformsNot recordedLicencesNot recordedHafoo Securities
Hong Kong · since 2005Wikilix score 37.0RegulationExceededHKGXMax leverage1:300PlatformsNot recordedLicences1
Frequently Asked Questions
Common questions about WeTrade
WeTrade cannot be shown to be safe on the available evidence. There is no licence from any financial authority, no trading platform is recorded, no registration number identifies the operating company, and the brand's own domain is not resolving.
That is an absence of the safeguards a client would normally rely on rather than a finding of wrongdoing, but it leaves no regulator to complain to and no operator website through which to pursue funds.
No trading platform is confirmed for WeTrade. WIKILIX holds no platform record for the brand, and with its website not resolving there is no current source that establishes what it runs.
No. The brand's website at www.wetrade.one is not resolving at the time of this review, so none of its trading terms, account details or contact information can be read from the operator.
A domain that stops resolving is not by itself proof that a business has closed, but it does mean every figure on this page comes from earlier research rather than from the operator today.
WeTrade is operated by We Mobile Co., Ltd, a company recorded as registered in Hong Kong and dating from 2021. No company registration number is known for it, so the entity behind the brand cannot currently be matched to a specific corporate record.
A company registration, where one is confirmed, shows only that a company exists. It is not financial regulation.
No. WIKILIX holds no financial regulator licence for WeTrade or for its operating company, We Mobile Co., Ltd, and the brand is recorded as unregulated. No regulator, licence number or jurisdiction of supervision is established for it.
A dedicated licence check of the brand is still outstanding, and this page will name an authority only if that check confirms one on the regulator's own register.
Comments
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