The offshore forex broker Weltrade announced it has doubled the maximum leverage to 1:1000 for all trading accounts, except the ZuluTrade social trading accounts. Previously the maximum leverage for all accounts was 1:500.
According to the statement, the move was upon the high demand of the broker’s customers.
Weltrade offers five types of accounts – Micro, Premium, Pro, PAMM, and ZuluTrade. The minimum required deposit is $25. Here are the full trading conditions:
The leverage rate is used to calculate the maximum sum the clients can borrow from the brokers, calculated on the basis of their deposit. Usually leverages of 1:1000 and above are considered high and riskier. In most countries there is no limit on the leverage and recently Exness was the first forex broker to offer unlimited leverage, but under certain conditions. In some countries there are limitations on the leverage that can be offered to the clients. In the US it is 1:50 and in Japan – 1:25.
Weltrade is regulated by the Belize International Financial Services Commission (IFSC) since December 2015. Weltrade is a trading name of Systemgates Capital and was established in 2006 as SystemForex.
The broker has more than 100 000 clients in nearly 20 countries, mostly Russia, the former USSR and Asian countries.