I have been trading digital coins for some time now, and a lot of things that you need to understand, I have understood them with experience. I always wanted to be in a position where I could help others with their trading journey. Suffice to say, I am proud of my progress and I think I can guide you in the right direction if you are someone looking to trade cryptocurrencies.
You have to know a lot of things before you can trade on any online trading platform. On the surface, they all seem the same. However, I can tell you from what I have learned so far that they are not the same at all.
They have their differences, and while some offer you great convenience, others can turn into inconvenience as well. As a new trader, you have to make sure that you pick the right one. In my opinion, you should opt for a trading platform that gives you the power of trading in your hands. What is power of trading?
This power makes you feel that you can trade the way you want. It gives you the strength to decide how much money you can make on your trades. You don’t feel bound and shackled when you have this power in your hand. I don’t think any other trading platform can help you gain this power more than Weltex.
I will tell you everything that you need to know about this company, which will help you pick it for your trading career. Of course, I leave it to you even if you don’t want to sign up with it. The information I am providing is there for you to just make the right decision that you think will be in your best interest. So, here we go.
|Trading Platform||Mobile, Desktop, Tablet|
|Fees and Commissions||Minimum|
|Customer Support||Phone and email (Regular Work Hours)|
|Account Types||Basic, Bronze, Silver, Gold, Platinum, Black|
|1-on-1 Trading Trainer||Yes|
|Deposits||Credit Cards, Debit Cards, Bank Wire Transfer|
|Spreads||Fixed and variable|
|Minimum Deposit||250 EUR|
Focused Cryptocurrency Trading
With Weltex, you will be trading digital currencies only. I can tell you about hundreds of other platforms where you can trade digital coins in addition to other conventional assets. Yes, those platforms can be very attractive based on the fact that you can trade a lot of different assets in many financial markets. The problem with those platforms is that they can be very distracting.
If you are like me, you want to focus all your energies on trading digital currencies. You really can’t do that on those trading platforms. When these different types of assets keep coming in your way as you use those platforms, you finally succumb to the temptation and trade them.
You end up making a loss and this prevents you from trading the primary asset you that you always wanted to trade i.e. cryptocurrencies. I think, if you are only interested in digital currencies, you should only focus on trading platform that give you access to digital coins.
You should look for some place where you can trade your favourite cryptocurrencies without any distractions. That’s where I always give Weltex the props for its efforts. It has created a trading platform on which you only trade digital currencies. These digital assets are for you to trade without anything else pulling your attraction.
You get all the tools and indicators based on cryptocurrency trading. Since you are only trading digital assets, you should not be provided with any unnecessary help on any other assets. This is the reason I love the trading platform from Weltex. You can trade on an advanced trading platform and pick the assets that you think are best for your trading style.
Trade Many Digital Assets
Now, just because you will be trading only in the cryptocurrency market does not mean you will be limited with the assets. It is a pity that so many traders around the world are not able to diversify their portfolios only because they have chosen the wrong brokers. When you choose the wrong broker, you end up trading only a few assets that are made available to you.
That’s not a good sign at all. Trader is just another word to define the investor in you. When you invest in trading, you want to diversify your portfolio just like any other investor in the world. You should not be limited with your choices by the company you have signed up with.
Now, each crypto coin in the cryptocurrency market has its own value in its own space. You have Bitcoin as the biggest digital currency out there. Since day one of the launch of this digital coin, no other digital currency has been able to beat it. From the current conditions, it is clear that no other currency can beat it in many years to come.
Then you have Ethereum, the second best in the market and this coin too has been in the market at that position for many years. If no other cryptocurrency has been able to beat Bitcoin, it has not be able to beat Ethereum either. Other than the two big ones, you have many other cryptocurrency that have come in the market with very vast missions. They are here to make money transfer easy, as is the case with Ripple.
Other currencies are taking over the discrepancies of the cryptocurrencies. You can take the example of Litecoin if you are looking to trade something lighter. The good news is that you will have access to all these cryptocurrencies that I have just mentioned to you. That’s what’s going to make you fall in love with this trading platform. As a new trader in the cryptocurrency market, you have full opportunity to diversify your portfolio as you want.
Keep Your Funds and Money Safe
You can never feel in control of your trading unless you are sure about your security. When you sign up with an online trading platform, your security lies in the security of your money and info. Here, it is important to mention that you are going to provide a lot of details to the broker when you sign up.
At the time of signup, you have to prove your identity by providing your identification number in addition to the picture of the government-issued identification card. Furthermore, you have to provide your banking details in the similar manner when you are depositing funds in your account.
That’s where it really hits you that you should have some sort of security measures in place to protect your information. You have to be sure that it is not your responsibility to protect your information once it has left your computer. Once you have entered your information on the website of the broker, it is the trading platform that has to ensure the security of the information.
This is the reason you will feel comfortable providing your personal and banking details to Weltex. All your information will be properly encrypted and you will find comfort in the fact that the website has proper SSL certificates installed on it as well. The money that you deposit in your trading account will go into segregated funds.
These funds are maintained by your trading services provider to keep your money safe. It is the standard of the industry, and if your firm is providing you with this feature, you can be sure that it really cares about your security. You will see it mentioned on the website of the trading services provider that they protect your money through funds segregation.
Only Ethical Trading Allowed
It might come to you as a surprise but there are people who don’t want to use the online trading platforms for trading. These people are usually involved in money laundering. They want to use the online trading platforms and accounts for laundering the money that they have taken from innocent people in their countries.
They hide all this money in these accounts away from the eyes of their governments. Once the government changes, they introduce this money back into the system and prove it to be white money. Yes, they can use online trading platforms for hiding the money for years.
What they do is that they deposit money in their trading accounts through different ways. They even use dummy or fake accounts that are not in their names to deposit funds in these online trading accounts. This helps them avoid exposing themselves while still maintaining their accounts with online trading brokerages.
If the online brokerage is ethical, it does not allow them to open their illegal accounts. To do that, the company needs to have proper AML policies in place. AML stands for Anti Money Laundering, which means no money laundering activities are allowed on the website. The person who is providing the banking details has to use the same details for withdrawing the money as well.
At the same time, they have to provide the proof of their banking documents in the form of pictures. As for KYC policy, it requires the person to identify themselves through identification information. This information, too, has to be sent to the trading platform in the form of pictures.
When you combine these two policies and implement them strictly, you have a perfect setup for preventing money launderers and illegal entities from signing up on the trading platform. That’s what Weltex is doing to make its trading platform only available for ethical traders.
Deposit Money with Ease
Money deposits should not be a problem for you when you are trading. As a trader, you should know that you will be trading a lot and depositing frequently in your account is something you will be doing a lot. In that case, you want to be sure that your trading account is easily accessible to you.
At the same time, you should be able to deposit money without going through any suspicious methods. I have to tell you here that you will only be using the safe methods of depositing money in your account when you are with Weltex. That’s what always gave me the confidence when I signed up with this broker.
Firstly, you can use your credit or debit card to replenish your online trading account. What I believe is that you will not even have to replenish the account many times when you are with this company. The trading conditions are so great that you will be able to make profits on your trades and trade with the money that you earn.
You have huge leverages on your trades in addition to very tight spreads. This means, most of the money you make on this platform will belong to you eventually. You will not spend it in paying huge fees, service charges, and commissions to the company you have signed up with.
You can use your debit or credit card for funding your account. It should not take more than a few minutes for the amount to show up in your online trading account when you use this method. However, if you go with the bank wire transfer, you will have to wait for some time. You might have to wait for days before your money shows up in your online trading account. The good thing about this process is it is considered one of the safest in the world.
I have to mention here that you can deposit only a small amount of 250 units in your account. This unit can be any currency that the broker is accepting at that time. You can always call the customer support to know which currencies you can use to deposit funds in your online trading account.
The Six Amazing Trading Accounts
That’s where things start to make sense. Of course, before you sign up with the online trading service, you have to make sure that you will be getting everything that you had wanted. Once you are convinced that you have found the right people, you will have to pick the right trading account. That’s where things can get pretty tricky.
I can tell you that based on my experience. When you go with an account, you either have to pay a large amount of money to the company or you end up with features that make no sense. I am glad that you found this review because through this, you will be able to look at the intelligently designed trading accounts from Weltex.
The company has given you six different options. You can sign up with an account that fits your budget and offers you the features that make sense to you. If you are on a budget, I highly recommend you going with the basic account. You just need an amount of 1000 EUR for this account, and you will get access to live support.
Furthermore, you will be inside the education center where you will find everything that is required for trading like a professional. You will also receive daily market reviews with this basic accounts. These market reviews tell you about the sentiment of traders in the market. You can base your decisions on these sentiments. You can know which direction other traders are going before you decide yours.
You will be surprised to know that even though you are starting a basic account with a small amount of only 1000 EUR, you will still have access to price alerts. These price alerts help you know the best times when you should be trading an asset.
You also have bronze and silver accounts. I think these accounts are more suitable for you if you have been trading for a year or more. They are more suitable for traders who have only set their foot on the advanced trading ladder. However, if you think you have become a complete advanced trader, you should go with either gold or platinum account. The black account is there too.
It is means for traders who think they have reached the level of pro with their trading. The range of markets increases as you move up in these accounts. You also get personalized trading and Islamic account options as you choose advanced and professional accounts.
Training You Can Respect
I am using the word respect here after putting a lot of time in online trading education. When I signed up with brokers a few years back, I was surprised unpleasantly from what they offered me. I thought I was getting access to some books that were written by experts.
I thought I would get to talk to some experts who can teach me some valuable lessons in trading. However, that was not the case. The ebooks and videos from those companies contained only generic matter on trading. In addition to that, there was no way for me to get in touch with an expert to learn what trading was. I could not even have thought about learning advanced trading methods.
There was no one to help me. I later realized that they had these options available only for those who were ready to spend hundreds of thousands of dollars. But what about me? I was also a serious trader who really passionately followed cryptocurrency trading? I got nothing from those training centers and educational materials.
The best training materials, courses, and setups have been provided to me by Weltex. I think this broker really understands what trading is all about and how traders can learn it without getting annoyed. Firstly, you can access the training material as soon as you sign up, even if you have picked only a basic account.
Secondly, you will be able to access premier events if you sign up with the right account. You have a lot of information available right on the website. For example, the cryptocurrency trading glossary and introductions to digital currencies are there right on the website. You also have ebooks to train you on trading.
The basic material is there for you to get a know-how of online trading. Additionally, you have in-depth courses within the education center to teach you the core of trading. Once you know that, you will be able to trade like no other.
Okay, I have to say that the customer support from this company might not be the best in the industry. However, I can also claim that it is not the worst. The customer support from Weltex is quite professional in nature. You can raise whatever concern you have without any hesitation.
You have the email addresses and phone numbers available right on the website. You can use these resources to get in touch with people who can guide you in the right direction. You also have an online form that you can fill out with your query and send to the company.
The best part is that you have a very detailed FAQs section on the website. This might be one of the best FAQs sections I have witnessed with dozens over dozens of questions answered only for your help. To personalize your experience of being with the company, you also have the website available in multiple languages.
Referrals with Bonuses
I have seen a lot of online companies asking you to bring in your friends. They want you to introduce your friends to their trading platforms. But what if you ask for a return or reward for all your efforts? You get nothing. However, that is not the case when you sign up with Weltex and refer your friends to this broker.
This company will provide you with some great bonuses for bringing in serious traders. Starting from $400 to more than $1000, you can make that money by just bringing in your friends to this platform.
So, you can see that all the power that you need as a trader is in your hands. If you want more money, you can get it by simply bringing in new friends to this platform. You are getting a modern, advanced, and fast trading platform for all your trading needs. The trading conditions are great with big leverages, low margins, and tight spreads. The protection of money and information is there.
What is it that you think you will miss when you are with Weltex? Sure, you can go ahead and research more before you take the final step.