Do not invest more money than you can afford to lose.
Offshore forex broker Weltrade said on Thursday it has reduced the minimum deposit requirement for professional (Pro) trading accounts to $1,000.
The change is the result of the broker’s entering into agreements with its liquidity providers.
The broker offers Micro, Premium, Pro, ZuluTrade and PAMM accounts for trading with forex, precious metals and contracts for difference (CFDs).
Weltrade’s Pro accounts provide access to 35 currency pairs, gold, silver, platinum, palladium, two grades of oil, and CFD on stock indices, including S&P 500, Dow Jones and others.
While the rest can be opened in US dollars (USD), Euro (EUR) and Russian ruble (RUB), Pro accounts can only be opened in USD. The minimum required initial deposit ranges from $25 for micro accounts to $1,000 for Pro accounts. The minimum order size for all account types is 0.01 lot.
More data about the trading conditions for the different account types follows:
Weltrade is a trading name of Systemgates Capital. The broker was set up in 2006 as SystemForex and was rebranded in 2012. The company is based in Belize, where it received a forex broker license in December 2015 from the International Financial Services Commission (IFSC). It has four representative offices – in Russia, Ukraine, Belarus, and Thailand, as well as 126 regional partners in Europe Asia, Africa, and Latin America.
Weltrade has more than 100,000 clients in nearly 20 countries, including Russia, Commonwealth of Independent States (CIS) and Asian countries
Source: Weltrade
