Forex broker Weltrade said on Friday it has increased the maximum order size for Micro accounts to 1,000 lots.
A couple of months ago, the broker set an order size of a maximum 100 lots for all accounts. Prior to that the maximum was 10 lots for Micro, Premium, and ZuluTrade accounts, 20 lots for Pro accounts, and 50 lots for PAMM accounts.
Weltrade offers Micro, Premium, Pro, Zulutrade and PAMM accounts for trading with forex, precious metals and contracts for difference (CFDs). It uses the MetaTrader 4 (MT4) trading platforms, which is the industry leader in the forex industry. Micro accounts are a type of cent account which operate entirely in cents. Weltrade’s cent accounts can be opened in either US cents or Euro cents.
Following are details about the updated trading conditions for the different accounts that Weltrade offers:
Weltrade, set up in 2006 in Russia as SystemForex, was rebranded in 2012. The broker is owned by Russia’s Systemgates Capital. It is currently based in Belize and has representative offices in Russia, Ukraine, Belarus, and Thailand, as well as 126 regional partners across Europe, Asia, Latin America, and Africa. It is active in 18 countries, including Russia, Commonwealth of Independent States (CIS) and Asian countries.