Trust me when I tell you that the most difficult period for you as a trader would be to start. Once you have stepped in, you can make things work for yourself. However, before you even start trading, there are several hurdles that you have to jump over to be in the trading world. Unfortunately, these hurdles are not inherent to trading, but created by the platforms that provide you with trading services. My Weltex review is about this company because I think it makes your start as a trader tremendously easy.
I could give you dozens of reasons why this platform is much easier for you to start with, but at the moment, I will keep the count limited to only three. I am sure you will agree with these reasons because every feature I talk about is going to directly impact your trading experience.
An Easily Affordable Starting Amount
As I said earlier, it is usually the trading platforms that cause hurdles in your way. The first way for them to do that is by asking you for a lot of money before you even start a trading account. The trading account that is suitable for you if you are new to trading is the standard account. You can start this trading account with just $10,000. I think that is an amount even a student can arrange after saving some pocket money for a few months. The good thing is that you don’t have to put all your savings on the line to start a trading account.
Now, if you move on to the next account on the list, which is called the Bronze account, you will have to submit only $25,000. After that, you have the silver account and you can start that one with just $50,000. You can see that despite going so high on the list of accounts, you don’t have to put all your savings on the line to start an account with Weltex.
Small Spreads and Big Leverages
It’s not a great feeling when you lose your money while trading. That’s what happens when the trading platform charges you while trading and even when you are depositing funds in your account. Wise traders are always quick to notice the spreads first before they sign up with any trading platform. In fact, one of the things you will love about this Weltex review is that you don’t have to spend a lot of money in the name of spreads. The spreads are tight on this platform, being as low as 0.1 on certain assets. Keep in mind that these spreads are not constant or fixed.
In addition to that, you will have the opportunity to trade on this platform because of big leverages. The minimum leverage you will get with this company is 1:200. Go higher on these accounts and you can enjoy leverages of 1:300 and even 1:400.
Adherence to KYC and AML
Do you know a trading platform without any adherence to KYC and AML is not a safe platform? That’s something many new traders completely ignore when they sign up with these companies. With adherence to KYC, the company obtains your personal details before you sign up, making sure that no one else signs up with your stolen information. The adherence to AML is in place to keep the platform safe from money launderers. Money launderers always use fake account details that don’t belong to them, but with AML in place, they can’t sign up with the company with those fake details.
So, do you think you are ready to take your first step into the world of trading? Is there something still keeping you from doing that? I am sure the features from Weltex will give you some peace of mind as a new trader. You don’t have to pay a lot in spreads and you also have the ability to trade big with huge leverage ratios.