Wetrade International Cy Limited

Wetrade International Cy Limited, trading as WeTrade, is a Cyprus-based forex and CFD broker established in 2015. The company is registered in Cyprus and holds a CySEC (Cyprus Securities and Exchange Commission) investment firm licence, number 453/25, granted on 17 February 2025. This licence allows it to offer retail and professional trading services under the MiFID II framework, providing a degree of regulatory oversight for European clients.

The broker operates globally with offices in over 20 locations and serves a reported 500,000 active clients. Its official website, wetrade.com, offers multilingual support including English, Chinese, Korean, Spanish, and others, indicating a broad international client base.

Wetrade International Cy Limited is regulated by CySEC, which is a reputable European regulator under the MiFID II directive. The licence number 453/25 is active and allows both retail and wholesale client categories. This regulatory status imposes requirements such as client fund segregation, negative balance protection, and participation in the investor compensation fund (ICF) up to €20,000 for eligible clients.

It is important to note that WeTrade also has entities in other jurisdictions (e.g., SVG, Seychelles) that are not regulated by CySEC. Traders opting for those entities would not receive the same protections. Our assessment focuses on the CySEC-regulated entity.

WeTrade offers two main retail account types: STP and Standard, both with a $10 minimum deposit. The STP account has spreads from 1.8 pips on EURUSD with no commission, while the Standard account offers spreads from 1.0 pips also commission-free. Maximum leverage reaches 1:2000, which is exceptionally high and carries significant risk. The accounts support trading units from 0.01 to 100 lots and use market execution with a 20% stop-out level.

A third account type, ECN, appears on some third-party review sites but is not detailed on the broker's own account pages. This may be available on request or for professional clients. The broker also offers a professional client classification with adjusted conditions for experienced traders meeting certain criteria.

The broker exclusively provides MetaTrader 4 and MetaTrader 5, which are industry-standard platforms available for desktop, web, and mobile. MT5 offers enhanced features such as more timeframes and analytical tools. Over 120 instruments are listed, including 37 forex pairs, indices, metals, energies, stocks, and cryptocurrencies. This range provides reasonable diversification for CFD traders.

WeTrade also offers its proprietary WeTrade Social platform for copy trading and a rewards program. These features aim to enhance the trading experience but are separate from the core platform offerings.

The minimum deposit is $10, making the broker accessible to retail traders with small capital. Funding methods are not explicitly listed on the website's main pages but typically include bank transfers, credit/debit cards, and electronic wallets. Withdrawals are processed according to the broker's policy; specific details are covered in the legal documents.

Given the CySEC regulation, client funds should be held in segregated accounts. Traders are advised to verify deposit and withdrawal procedures through the client portal or customer support.

WeTrade targets both beginner and experienced traders, offering low minimum deposits and educational resources. The high leverage and wide instrument range may appeal to speculators, while the regulated status provides reassurance for risk-averse traders. However, the availability of different entities (e.g., offshore) may attract traders seeking higher leverage or fewer restrictions.

Overall, WeTrade positions itself as a full-service online broker with a focus on trust and accessibility. Its CySEC regulation is a key selling point for European clients, while its global reach allows it to serve markets worldwide.