Desk file · 2026 edition · record confidence: medium
Weltrade
We opened the file on Weltrade the way we open every file: register first, marketing never. Trading since , run out of Rodney Bay, Gros-Islet, Saint Lucia (registered office), and carrying 2 licence entries on the public record, 0 of them tier-1.
What the two desk scores say
Both are out of 10 and both are computed, not felt.
| Cost score | Priced off the spread basis below, not off a headline rate card. | not verified |
|---|---|---|
| Safety score | Weighted on licence tier and on how many of the entries we could re-read at source. | not verified |
| Cost per 10 lots | Ten round-turn EUR/USD lots priced at the spread basis, commission excluded. | $not verified |
Spread basis. . Nothing on this page is a live quote; a spread printed on a Tuesday afternoon is not the spread you get thirty seconds after a non-farm payroll release.
Licence entries, one row per entity
Every row links to the document we read it from.
| Regulator | Licence no. | Jurisdiction | Tier | Licensed entity | Source |
|---|---|---|---|---|---|
| None — Saint Lucia company registration only | Saint Lucia | T3 | Weltrade Ltd (Saint Lucia IBC reg. 2023-00055) | weltrade.com | |
| FSCA | FSP 50691 | South Africa | T2 | Weltrade SA (PTY) Ltd (reg. 2019/334947/07) | weltrade.com |
Which entity actually holds your money is decided at signup, by the country on your application — not by the strongest licence in this table. Read the client agreement you are handed, then match the entity name against the row above.
What we were able to confirm
Confirmed at source
- Weltrade's legal page states that Weltrade Ltd is an International Business Company incorporated in Saint Lucia under registration number 2023-00055; this is a company registration and not financial-services supervision.
- The South African group company, Weltrade SA (PTY) Ltd, is listed as holding FSCA Financial Services Provider Intermediary Licence No. 50691 for derivative instruments.
- Weltrade's legal page names Danoa Enterprises LTD, a Cyprus company (HE489250), as its payment agent.
- Weltrade's support documentation states the minimum deposit for a Pro account is $10.
- The brand's site states it has offered forex and CFD trading for over 18 years.
Not verified
The following could not be traced to a primary source at the time of filing. We publish the gap rather than a number that would look tidier:
- founded
- spreadEurusd
- segregatedFunds
- negativeBalanceProtection
- publiclyListed
- FSCA FSP 50691 status not independently checked on the FSCA register
- negative balance protection
| Founded | |
| Head office | Rodney Bay, Gros-Islet, Saint Lucia (registered office) |
| Minimum deposit | $10 |
| Leverage cap | up to 1:1000 advertised on MT4 accounts |
| EUR/USD | not verified pips |
| Tier-1 entries | 0 |
| Record confidence | medium |
Platforms and account types on file
Platforms
Account types
Markets
Other records open on the desk
CFDs are complex instruments with a high risk of losing money rapidly due to leverage. A desk file is a record of what the public register said on the day we read it, not a recommendation to open an account.