Forex broker Weltrade increases max leverage to 1,000:1

Forex broker Weltrade increases max leverage to 1,000:1

- in All News, Forex Brokers
Weltrade

Offshore forex broker Weltrade said on Friday it has made available leverage of up to 1,000:1 for all trading account types it offers, except for ZuluTrade accounts. Previously, the broker offered a leverage rate of 500:1 for all accounts.

The move is in response to the high demand of the broker’s clients, the company noted.

Weltrade offers five types of trading accounts – Micro, Premium, Pro, PAMM, and ZuluTrade. Details on their conditions, including leverage rates, follow:

Weltrade accounts new

Leverage is a type of virtual borrowing that traders can get from brokers. It allows investors to operate with higher amounts and to increase their profit. High leverage means higher buying power and presents wider trading opportunities, but it also presents higher risk.

The leverage rate indicates the maximum amount traders can borrow for each currency unit they deposit. For instance, if a broker trades with a deposit of $100 on a leverage of 1,000:1, they can execute orders for $100,000 instead of $100.

Usually, leverage of about 1,000:1 or up is considered quite high. Recently, the number of forex brokers that offer leverage on the higher end has been increasing. Just two forex brokers offer leverage as high as 3,000:1 – FxGlory and FBS, the former of which announced the news last week.

Also last week, Cyprus-regulated Exness became the first forex broker to offer an unlimited leverage. The no-limit rule applies for the period Mondays -Thursdays for all types of trading accounts the broker offers, while on Fridays and weekends the maximum leverage will be 2,000:1.

While in most legislations there are no limitations to the maximum leverage brokers can offer to clients, in some countries there are certain restrictions. In the US, for instance, the leverage cap is 50:1, while in Poland it is 100:1. In Japan, the maximum leverage rate forex brokers are allowed to offer to individual customers is 25:1.

Meanwhile, in Turkey trading accounts with balance of less than TRY 20,000 cannot offer leverage rates of more than 50:1 for trading of gold and popular currency pairs such as the EUR/USD, USD/TRY, and EUR/TRY, and the maximum leverage for other pairs is 25:1. Leverage for popular pairs traded via accounts with more than TRY 20,000 is set at a maximum 100:1, while for other currency pairs the cap is 50:1.

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

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