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WELTRADE
Regulators: SVG FSA
https://www.weltrade.com/
Dear Investor,
Weltrade claims to be registered in both Saint Vincent and the Grenadines and Saint Lucia. Upon our investigation of the registries of the Financial Services Authority (FSA) of Saint Vincent and the Grenadines and the Saint Lucia International Financial Centre (IFC), we found matching entries in both. However, even though the registration can be confirmed, it is important to note that this registration only grants International Business Company (IBC) status, which does not constitute a valid financial license. Neither the SVG FSA nor the IFC regulates or licenses forex trading activities.
Weltrade also claims that its representative company, Weltrade SA (Pty) Ltd, is regulated and authorized by the Financial Sector Conduct Authority (FSCA) in South Africa. While we did find a matching entity in the FSCA’s public register, please note that the FSCA does not publicly disclose the domain names of its licensees, which makes it difficult for us to conduct further verification. Furthermore, the FSCA is considered an offshore regulator with relatively lax oversight and limited investor protection, which may pose potential risks to investors.
Based on these findings, we recommend that you exercise caution when dealing with this broker to avoid potential risks.
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FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.
The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.


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