WeTrade Review — Overview
WeTrade is a forex & CFD broker based in Cyprus, established in 2015. On Trust Broker Hub it holds a Trust Score of 3.3 out of 10, which we rate as Poor — above the industry average of 3.3/10. High-risk profile — proceed only with caution and small amounts.
WeTrade's licence comes from an offshore jurisdiction (CYSEC). Offshore regulation is far lighter than tier-1 oversight from bodies like the FCA (UK) or ASIC (Australia): there is usually no compensation scheme, and recovering funds can be difficult if the broker runs into trouble. Treat it with extra caution and verify the licence on the regulator's own register.
WeTrade provides access to Foreign exchange, precious metals, energy, indices. Its detailed trading conditions — minimum deposit, spreads and maximum leverage — are not publicly disclosed, which lowers transparency. No complaints are currently on record. Overall, WeTrade carries a high-risk profile. Only consider it with money you can afford to lose, and verify everything independently first.
Trust score breakdown
How is this calculated?Trust Score history
WeTrade currently scores 3.3/10. The trend line will build here as the Trust Score is re-evaluated over time.
Pros
- Holds a CYSEC licence
- No unresolved complaints on record
- Listed in our verified broker directory
Cons
- Offshore-only regulation with weaker investor protection
- Trading conditions and fees not publicly disclosed
- Always verify the licence directly before depositing
Regulation
Offshore (tier-3) regulators typically have lower capital requirements and no compensation scheme. Funds may not be protected if the broker fails.
Trading conditions
| Instruments | Foreign exchange, precious metals, energy, indices, stocks |
| Minimum deposit | Not disclosed |
| Maximum leverage | Not disclosed |
| Typical spread | Not disclosed |
| Platforms | Not disclosed |
| Demo account | Not disclosed |
We mark unverified fields as “Not disclosed” rather than estimate them.
Our verdict on WeTrade
High-risk profile
WeTrade is regulated under a mid-tier authority (CYSEC). Based in Cyprus, it has been operating for about 11 years. We have no complaints on record against it. Weighing regulation, track record and complaint history, our Trust Score is 3.3/10 — a high-risk profile.
- Holds a recognised mid-tier licence (CYSEC)
- Long 11-year operating track record
- No complaints on record with us
- Always confirm the licensed entity covers traders in your country
This is Trust Broker Hub's data-driven editorial assessment — not a user review. It is generated automatically from regulation, licensing, company age and complaint records, and updates as those change.
User reviews
WeTrade — Questions & Answers
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