Offshore forex broker Weltrade said on Friday it has made available an option to trade with a volume of 1,000 lots for clients with Micro accounts.
In early May this year, the broker increased the volume of a single order to a maximum 100 lots across all trading accounts.
Weltrade’s Micro account is a type of cent account. In such accounts, all financial parameters, including deposits, profits and losses, are measured in cents. Otherwise, these accounts are handled the same way as a standard trading account. Cent accounts are good for beginner investors as they allow transactions with small amounts of money.
Micro accounts can be opened in US cents and Euro cents. For this type of account, Weltrade requires a minimum deposit of $25 and a minimum order of at least 0.01 lots. It offers a fixed spread from 2.0 pips and market execution of orders.
In addition to Micro accounts, the broker also offers several other types – Premium, Pro, ZuluTrade and PAMM accounts for trading in forex, precious metals and contracts for difference (CFDs). Following are more details about the trading conditions of the accounts:
This has not been the only enhancement of trading conditions. 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, the Commonwealth of Independent States (CIS) (former Soviet countries) and some Asian countries.