Company Profile
| WeTrade Review Summary | |
| Founded | 2021 |
| Registered Country/Region | Hong Kong |
| Regulation | No regulation |
| Market Instruments | Forex, commodities, stocks, indices |
| Demo Account | ❌ |
| Leverage | 1:100-1:500 |
| Spread | 0.7% spreads |
| Trading Platform | WeTrade |
| Minimum Deposit | $2 |
| Customer Support | / |
| Regional Restrictions | US |
WeTrade Information
WeTrade is an unregulated broker, offering trading on forex, commodities, stocks and indices with leverage up to 1:500 and 0.7% spreads on WeTrade trading platform. The minimum deposit requirement is $2.
Pros and Cons
| Pros | Cons |
| Low minimum deposit requirement | No regulation |
| No demo accounts | |
| No MT4/MT5 platform | |
| No contact channels | |
| Commission fees charged |
Is WeTrade Legit?
No. WeTrade currently has no valid regulations. Please be aware of the risk! It offers segregated accounts.
What Can I Trade on WeTrade?
WeTrade offers trading on forex, commodities, stocks and indices.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Stocks | ✔ |
| Indices | ✔ |
| Cryptos | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Leverage
WeTrade offers leverage from 1:100 to 1:500. The use of leverage can both work in your favour and against you. Leverage magnifies the returns from favorable movements in a currency's exchange rate.
WeTrade Fees
WeTrade charges 0.7% spreads and 0.2% commission fees.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| WeTrade | ✔ | IOS, Android, desktop | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
WeTrade accepts payments via credit card, e-wallet, net banking and offline payment.
The minimum deposit amount is $2, and there is no fee. The minimum withdrawal amount is $5. A 3% fee will be charged. For the first withdrawal ,it will be processed the next working day. From the second withdrawal, it will be processed in a few minutes.
