Offshore forex broker Weltrade said on Monday it has increased the volume of a single order to a maximum 100 lots. The change applies for all account types available with the broker.
Prior to the change, which was the result of many client requests, the broker offered a maximum order size of 10 lots for Micro, Premium, and ZuluTrade accounts, 20 lots for Pro accounts, and 50 lots for PAMM accounts.
The broker offers Micro, Premium, Pro, ZuluTrade and PAMM accounts for trading in forex, precious metals and contracts for difference (CFDs). 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.
The broker has been consistently improving the trading conditions it offers. Recently, Weltrade doubled the maximum leverage to 1,000:1 for all account types, except for ZuluTrade accounts. Prior to that, it reduced the minimum deposit requirement for Pro accounts to $1,000.
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