Welttrades, according to its own statements, is an emerging global market leader in financial trading. It primarily offers trading with crypto currencies. The website can be accessed at the URL https://welttrades.com/. Welttrades is an offer of a Game Capital Ads Limited. In this context, there is a warning message from the Austrian FMA.

Have you invested money in Welttrades and want to talk about your experiences? Or do you first want to learn more about this provider or online trading in general? Then you can seek the advice of a lawyer.

The law firm Herfurtner Rechtsanwälte has offices in Hamburg and Munich. It is consulted in questions of investor protection. Above that it is also active in the fields of business law, company law and capital markets law.

Would you like to arrange a meeting with one of our lawyers on the subject of Welttrades? Then please click here to go to our contact area.

Welttrades experiences

If you are thinking about investing your money on an online trading platform, you should find out about the provider in advance. It is helpful if you can fall back on Welttrades experience reports in this context.

If you search for Welttrades in a search engine, many results will be displayed. Most of the time, these lead to blogs or forums where Welttrades experiences are discussed or where you can find Welttrades feedback. The opinions about this broker are not without restrictions positive, often you will find articles about Welttrades in English language.

All in all, it is difficult to weigh up the validity of the published experiences with Welttrades. Because not always the articles that can be found online are written from a neutral perspective.

The information on the Welttrades website indicates that the operator is Game Capital Ads Limited. On 3 December 2019, the Financial Market Authority of Austria issued a warning notice regarding Game Capital Ads Limited. The provider is not permitted to conduct banking transactions in Austria that require approval under the website https://360smartfx.com.

In addition, on 23 December 2019, the Italian financial regulator CONSOB ordered the closure of the Welttrades website in Italy.

Headquarters and regulatory status

The website of the provider must also be included in the research. Although there is little impartial content on it, it is nevertheless advisable to check the location of the company and its regulatory status before making an investment.

An imprint, from which information about the company headquarters, the legal form and the management of Welttrades is given, does not exist on the website of Welttrades. In the footer you will find the reference to an address in St. Vincent and the Grenadines.

In the contact section of the Welttrades website, a telephone number with the country code of Great Britain (0044) is given. You can also use a form or two e-mail addresses to contact Welttrades customer service in writing.

Whether the provider of Welttrades is approved and supervised by a governmental control body in Europe at all cannot be proven. For there is no indication of authorisation by, for example, the German BaFin (Federal Financial Supervisory Authority) or the British FCA (Financial Conduct Authority).

It can therefore not be assumed beyond doubt that the operator of Welttrades has the necessary authorizations for business operations in Europe.

Welttrades website

On its own website, Welttrades describes itself as the best crypto-broker for successful returns in the header area. They offer clients a range of trading tools in different languages and provide a service for VIPs.

The site also offers attractive trading conditions, personal account managers and an innovative, fast trading platform. Welttrades finds various arguments for its own offer:

  • Leverage of up to 1:200
  • up to 30 % bonus
  • no fees on deposits
  • customer service seven days a week, around the clock

Offered technology at Welttrades

If you want to trade on the Internet, you need trading software, which is usually provided by the trading platform. This can be a self-developed technology, but also third-party software.

Welttrades offers customers different platforms for stationary and mobile trading, without specifying them in detail. The software is available for Windows computers and as a web platform as well as for mobile devices with iOS or Android operating systems.

Registration and different account models

In order to be able to trade on the Welttrades platform, registration as a customer is mandatory. As soon as you have created your Welttrades account, you can choose between several account types when choosing a trading account:

  • Standard account: Minimum deposit of 250 dollars
  • Classic account: Minimum deposit of $2,500, online chat function
  • Gold account: Minimum deposit of $20,000, online chat function, VIP manager
  • Premium account: Minimum deposit of $50,000, online chat function, VIP manager, personal telephone consultation

This section of the website does not provide further details about the deposit and withdrawal methods available on Welttrades. However, further down on the overview page you can see the logos of various payment service providers, including providers for bank transfers, credit card processing or e-wallet transactions.

Online trading is always accompanied by risks

Anyone interested in online trading should bear in mind that this type of investment differs in many details from the classic way via a credit institution or investment advisor.

Globalization has unmistakable effects on the financial sector. International markets are easily accessible, and on top of that, digitization makes access easier. As a result, more and more brokers – including those from abroad – are entering the market to attract investors to their services.

An investment with a provider outside the country’s borders can be disadvantageous if disputes arise in connection with the investment. This is due on the one hand to possible language barriers, and on the other hand to the distance that complicates direct contact.

This often involves Contracts for Difference (CFDs), trading with Crypto Currencies or Forex Trading. These are all, without exception, risky products in which one should not invest without prior advice, especially as an inexperienced investor.

Without external advice, it can happen that inexperienced investors in particular do not fully understand the risks or assess them incorrectly. If the investment then develops in the wrong direction, the online trading platform often encourages investors to add more money to make up for the deficits.

Often the success is not forthcoming and the investor has to write off the paid-in money, possibly even to the point of total loss.

Losses in online trading?

Have you lost capital on an online trading platform? Then you should refrain from making further deposits in the first step, even if the online trading provider demands them. On top of that, you should find out why the loss occurred and what are the prospects of recovering the lost capital.

If you are not getting anywhere with your request, you can seek investor protection in exchange with a legal advisor. The law office Herfurtner Rechtsanwaltsgesellschaft mbH examines the procedure and fathoms to what extent the investor can assert claims.

Would you like to discuss the matter with one of our lawyers? In this case you can contact us here.