Basic Information
Registered Region 
Hong Kong
Hong KongOperating Period
2-5 years
Company Name
We Mobile Co., Ltd
Company Website
Global Broker Regulation Inquiry App
WikiFX
No Regulation
Score
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/10
WeTrade
Hong Kong
|
2-5 years
|
Suspicious Regulatory License
|
Suspicious Scope of Business
|
High potential risk
https://www.wetrade.one/#/
Website
Rating Index
Contact
https://www.wetrade.one/#/
LicensesNo valid regulatory information, please be aware of the risk!
Warning: Low score, please stay away!
- It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
2
Website
Genealogy
Relevant Enterprises
Company Summary
Wiki Q&A
Comment
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Official website
Website
wetrade.one
147.139.41.254Server LocationICP registration--Most visited countries/areas--Domain Effective Date--Website--Company--
Genealogy
VIP is not activated.Open Now
Relevant Enterprises
WE GLOBAL INVESTMENT CO., LIMITED(Hong Kong)
Deregistered
Hong Kong
Registration No. 0868501
Established
Related sources Website Announcement
Company Summary
| WeTrade Review Summary | |
| Founded | 2021 |
| Registered Country/Region | Hong Kong |
| Regulation | No regulation |
| Market Instruments | Forex, commodities, stocks, indices |
| Demo Account | ❌ |
| Leverage | 1:100-1:500 |
| Spread | 0.7% spreads |
| Trading Platform | WeTrade |
| Minimum Deposit | $2 |
| Customer Support | / |
| Regional Restrictions | US |
WeTrade Information
WeTrade is an unregulated broker, offering trading on forex, commodities, stocks and indices with leverage up to 1:500 and 0.7% spreads on WeTrade trading platform. The minimum deposit requirement is $2.
Pros and Cons
| Pros | Cons |
| Low minimum deposit requirement | No regulation |
| No demo accounts | |
| No MT4/MT5 platform | |
| No contact channels | |
| Commission fees charged |
Is WeTrade Legit?
No. WeTrade currently has no valid regulations. Please be aware of the risk! It offers segregated accounts.
What Can I Trade on WeTrade?
WeTrade offers trading on forex, commodities, stocks and indices.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Stocks | ✔ |
| Indices | ✔ |
| Cryptos | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Leverage
WeTrade offers leverage from 1:100 to 1:500. The use of leverage can both work in your favour and against you. Leverage magnifies the returns from favorable movements in a currency's exchange rate.
WeTrade Fees
WeTrade charges 0.7% spreads and 0.2% commission fees.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| WeTrade | ✔ | IOS, Android, desktop | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
WeTrade accepts payments via credit card, e-wallet, net banking and offline payment.
The minimum deposit amount is $2, and there is no fee. The minimum withdrawal amount is $5. A 3% fee will be charged. For the first withdrawal ,it will be processed the next working day. From the second withdrawal, it will be processed in a few minutes.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
Wiki Q&A
kennis2244 
1-2 years
What leverage does WeTrade offer?
I found that WeTrade offers leverage from 1:100 to 1:500. This range can work in my favor for higher potential returns, but I also know that leverage increases both profits and risks. I would be cautious when using high leverage, as it can also lead to significant losses.
Broker Issues
Account
Instruments
Platform
Leverage
07-20
United States
Allan777
1-2 years
Is WeTrade safe and legit?
From my perspective, WeTrade’s unregulated status makes it less safe and legit in my eyes. While they offer segregated accounts, the absence of a regulatory body means there is less accountability. I would personally think twice before using this platform due to the risks involved.
Broker Issues
Regulation
07-12
United States
Arnold Joseph
1-2 years
Is WeTrade regulated?
I learned that WeTrade is not currently regulated, which raises some concerns for me. The lack of regulation means there is no formal oversight of the platform, which could make my funds less secure. As a trader, I would be cautious about using an unregulated broker like WeTrade.
Broker Issues
Regulation
07-02
United States
Rojas
1-2 years
What are the pros and cons of WeTrade?
In my view, the pros of WeTrade include the very low minimum deposit requirement of just $2, and it offers trading in a variety of instruments like forex, commodities, stocks, and indices. However, the cons include its unregulated status, no demo accounts, no support for MT4/MT5, and commission fees. As a trader, these are significant drawbacks for me.
Broker Issues
Regulation
06-09
United States
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