WeTrade offers CFDs on 6 asset classes, including Forex and Crypto, with leverage options of up to 1:2000. Commission-free trading on STP and Standard accounts requires a minimum deposit of $10. The broker offers up to $25,000 in cash prizes to its VIP clients.
WeTrade: An Introduction to the Company and Its Regulatory Status
WeTrade was established in 2015 and has its headquarters in Kingstown, Saint Vincent and the Grenadines. The company started serving Chinese clients in 2016.
The brand operates through two legal entities with different licenses in multiple jurisdictions, including:
- WeTrade International LLC: Regulated by the Financial Services Authority of Saint Vincent and the Grenadines (FSA SVG) with company No. 1945 LLC 2022
- WeTrade Capital Limited: Regulated by the Labuan Financial Services Authority (FSA) with license No. MB/22/0100
WeTrade Table of Specifications
The Forex broker has partnered with top-tier liquidity providers, including J.P. Morgan, Deutsche Bank, and UBS, to provide robust trading conditions. Let’s take a quick look at WeTrade’s offerings.
Broker | WeTrade |
Account Types | STP, Standard, ECN, Islamic |
Regulating Authorities | FSA SVG, Labuan FSA |
Based Currencies | USD |
Minimum Deposit | $10 |
Deposit Methods | USDT, Bank Wire, Local deposit |
Withdrawal Methods | UnionPay, Bank wire |
Minimum Order | 0.01 lots |
Maximum Leverage | 1:2000 |
Investment Options | Copy Trading, MAM Accounts |
Trading Platforms & Apps | MT4, WeTrade App |
Markets | Forex, Metals, Energies, Stocks, Indices, and Crypto |
Spread | Variable based on the account type |
Commission | STP and Standard $0 ECN $7 |
Orders Execution | Market |
Margin Call / Stop Out | N/A / 20% |
Trading Features | Social Trading, MAM Solutions, VPS Trading, Commission-Free Accounts |
Affiliate Program | Yes |
Bonus & Promotions | TradeElite Rewards, UEFA Champions League Guessing Campaign, Rewards Mall, Swap-Free Campaign, Trading Blitz Race |
Islamic Account | Yes |
PAMM Account | No |
Customer Support Ways | Live Chat, Email |
Customer Support Hours | N/A |
WeTrade Broker Account Types
The company primarily offers 3 account types, including Standard, STP, and ECN. It also added an Islamic option to its offerings in 2023.
Features | STP | Standard | ECN |
Max Leverage | 1:2000 | 1:2000 | 1:2000 |
Base Currency | USD | USD | USD |
Min Deposit | $10 | $10 | $1000 |
Stop Out | 20% | 20% | 20% |
Limit & Stop Loss Level | +1 Pip | +1 Pip | +1 Pip |
Min Trade Size | 0.01 Lots | 0.01 Lots | 0.01 Lots |
Max Lots per Order | 100 | 100 | 100 |
The Swap-free (Islamic) option is available on all account types. However, the initial deposit to open an Islamic account is $100.
Advantages and Disadvantages
One of the upsides in this WeTrade review is the broker’s international partnerships.
The company is a partner of UNICEF and sponsors the “Phantom Global Racing”.
Pros | Cons |
Multiple global awards | Geo-restrictions |
Various promotions, including the Reward Mall | Off-shore regulation |
High leverage options (1:2000) | Limited asset offerings (120+) |
Low spreads from 0.0 pips | High entry barrier for ECN accounts ($1000) |
Account Opening and KYC on WeTrade
The broker has implemented an age restriction; clients must be above 18 years old. For a tutorial on WeTrade FX registration, check out the following sections.
#1 Start the Registration from the WeTrade Homepage
Navigate to the official website and initiate the sign-up process by selecting “Register”. This leads you to the dedicated registration form.
#2 Enter Personal Information and Verify Your Phone
Fill out the form with your country, email, mobile number, and a secure password (including symbols and capital letters is recommended). Next, click “Generate PIN” to receive a phone verification code. Submit the code, agree to the platform’s terms, and click “Register”.
#3 Activate the Trading Account
Once registered, activate your account and access your user dashboard. Your trading profile is now ready, and you can move on to identity verification before placing any trades.
#4 Pass the KYC
Choose “Activate Your WeTrade Account” and click “Upload Now” to start the verification process. Then, please provide your residential address and upload a valid ID certificate, such as a driver's license, Passport, or Other Government-Issued Identification.
WeTrade App and Platforms
The broker has developed a proprietary mobile application for Android and iOS users and provides access to the robust MetaTrader 4 platform.
MetaTrader 4 (MT4)
WeTrade App
- Android Version (Not available on Google Play Store)
- WeTrade iOS
The company also supports the MetaQuotes MultiTerminal platform, which is designed to manage multiple accounts from one place.
WeTrade Broker Fees Explained
The company provides commission-free trading through STP and Standard accounts with higher spreads.
Account Type | Spreads from (pips) | Commission |
STP | 1.8 | $0 |
Standard | 1.0 | $0 |
ECN | 0.0 | $7 |
Islamic | 0.0 | Based on the initial account type |
Transactions on WeTrade are charge-free and incur no handling fees.
Withdrawal and Deposit
The lack of support for e-wallet payments is a disappointment in this WeTrade review. However, the broker offers UnionPay and Bank Wire methods for withdrawals. WeTrade deposit options:
- USDT (Tether)
- Bank Wire
- Local Deposit
WeTrade Social Trading and MAM Solution
The company has developed a dedicated copy trading platform named WeTrade Social. It also offers MAM solutions for money managers and their clients.
- Social Trading: 540 strategies with profits of up to 22818%
- MAM: Two allocation methods, such as equal distribution or percentage-based
WeTrade Markets
The broker provides a wide range of trading instruments (120+) across 6 asset classes, including:
- Forex Market: 37 Major and minor currency pairs
- Metals: Gold and silver with a 1:1000 leverage
- Energies: BRENT, WTI, and Natural Gas with leverage options of up to 1:100
- Stocks: CFDs on HK and US stocks with a 1:10 leverage
- Indices: CFDs on 10 index choices, including D40, NASUSD, 225JPY, H33HKD, and US Dollar Index
- Cryptocurrencies: 10 popular digital assets, including Bitcoin, Ethereum, and Binance Coin, with a 1:50 leverage
WeTrade Promotions
The broker introduced the “Rewards Mall”, a loyalty program, in 2018. The wide range of promotional offerings is one of the upsides in this WeTrade review.
- Rewards Mall: One point for each traded lot on Forex, Metals, and Energies
- UEFA Champions League Guessing Campaign: Reward Points as prizes for correctly guessing the outcomes of UEFA matches
- WeTrade Social: A $2 cashback for every lot traded by your followers
- Trading Blitz Race 2025: 3-month demo trading competition with a $5,000 monthly prize
- Swap-Free Campaign: Trading Forex and Metals without swaps for 7 days and half prices for the next 7 days
- VIP Program: Up to $25,000 in cash rewards, Diamond MT4 account number, rewards coupon up to 93%, and 12% additional points
How to Reach WeTrade Broker Support?
The company lacks a dedicated call center. It only offers a live chat feature and email for inquiries.
- Email: globalsupport@wetradefx.com
- Live Chat: Available on the official website
The online user reviews praise the customer support team for their prompt and helpful responses and services.
Geo-Restrictions
Due to regulatory requirements, the broker fails to provide services in certain jurisdictions, including:
- United States of America
- Canada
- Haiti
- Iran
- Suriname
- Democratic Republic of Korea
- Puerto Rico
- Occupied Area of Cyprus
- Syria
- Cuba
- Japan
- Russia
- Belarus
- Sudan
Always check the broker's terms and conditions or contact customer support to confirm availability in your region.
User Experience
There are not many WeTrade reviews on rating platforms. However, the few submitted comments paint a positive image of the broker and its services.
Google Reviews | 5 out of 5 based on 18 ratings |
4.5 out of 5 based on 14 reviews |
All the online reviews from the two platforms mentioned are 5-star (the highest rating). It's worth noting that the brokerage company claimed the profile on the mentioed website.
Educational Offerings
The broker has partnered with Jasper Lawler to provide weekly market insights and technical analysis. It also offers various learning materials and tools through its website's “Learn to Trade” and “Trading Central” sections.
- Learn to Trade: Candlestick Patterns, Videos, and Terminology
- Trading Central: Economic Calendar, MT4 Indicators, Analyst Views, and Web TV
WeTrade Compared to Other Brokers
Here's a comprehensive comparison between the reviewed broker and some other players in the industry:
Parameter | WeTrade Broker | Errante Broker | FBS Broker | Alpari Broker |
Regulation | FSA SVG, Labuan FSA | CySEC, FSA | FSC, CySEC | MISA |
Minimum Spread | 0.0 Pips | From 0.0 pips | From 0.0 Pips | From 0.0 Pips |
Commission | From Zero | From $0.0 | From $0.0 | From $0.0 |
Minimum Deposit | $10 | $50 | $5 | $50 |
Maximum Leverage | 1:2000 | 1:1000 | 1:3000 | 1:3000 |
Trading Platforms | MT4, WeTrade App | Metatrader 4, Metatrader 5, cTrader, Mobile App | MT4, MT5, Mobile App | MetaTrade 4, MetaTrade 5, Mobile App, Web Trader |
Account Types | STP, Standard, ECN, Islamic | Standard, Premium, VIP, Tailor Made | Standard | Standard, ECN, Pro ECN, Demo |
Islamic Account | Yes | Yes | Yes | Yes |
Number of Tradable Assets | 120+ | 150+ | 550+ | 120+ |
| Trade Execution | Market | Market | Market | Market |
Conclusion and Final Words
WeTrade offers access to 120+ trading instruments through the MT4 platform and WeTrade app, with spreads starting at 0.0 pips. It accepts USDT (deposit) and UnionPay (withdrawal) transactions. The broker has a Trustpilot score of 4.5 out of 5.