WeTrade

kennis2244

1-2 años

What leverage does WeTrade offer?

WikiFX Respuesta

I found that WeTrade offers leverage from 1:100 to 1:500. This range can work in my favor for higher potential returns, but I also know that leverage increases both profits and risks. I would be cautious when using high leverage, as it can also lead to significant losses.

Broker Issues

WeTrade

Platform

Leverage

Account

Instruments

07-20

Estados Unidos

Allan777

1-2 años

Is WeTrade safe and legit?

WikiFX Respuesta

From my perspective, WeTrade’s unregulated status makes it less safe and legit in my eyes. While they offer segregated accounts, the absence of a regulatory body means there is less accountability. I would personally think twice before using this platform due to the risks involved.

Broker Issues

WeTrade

Regulation

07-12

Estados Unidos

Arnold Joseph

1-2 años

Is WeTrade regulated?

WikiFX Respuesta

I learned that WeTrade is not currently regulated, which raises some concerns for me. The lack of regulation means there is no formal oversight of the platform, which could make my funds less secure. As a trader, I would be cautious about using an unregulated broker like WeTrade.

Broker Issues

WeTrade

Regulation

07-02

Estados Unidos

Rojas

1-2 años

What are the pros and cons of WeTrade?

WikiFX Respuesta

In my view, the pros of WeTrade include the very low minimum deposit requirement of just $2, and it offers trading in a variety of instruments like forex, commodities, stocks, and indices. However, the cons include its unregulated status, no demo accounts, no support for MT4/MT5, and commission fees. As a trader, these are significant drawbacks for me.

Broker Issues

WeTrade

Regulation

06-09

Estados Unidos