Welt Schatz (welt-schatz.com) has been flagged by ASIC (Australia) for "Unlicensed". Addresses: 110 Bishopsgate London EC2N 4AY Floor E United Kingdom This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.welt-schatz.com.
The mobile app from Welt Schatz (welt-schatz.com) is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Automated trading options|Quick verification|Demo account available|Portfolio tracking tools
Cons: Slow to add new assets|No live chat on mobile
Do not be fooled by the professional-looking website. Behind the scenes, Welt Schatz (welt-schatz.com) is disorganized and incompetent. I found them based on a colleague's recommendation and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Copy trading available|Low minimum deposit|Transparent fees|Personal attention
Cons: Research section could be deeper
After for roughly four months with Welt Schatz (welt-schatz.com) I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Regular platform improvements|Social trading features|Instant funding
Cons: Spreads widen during volatile periods|Cannot customize dashboard fully
I requested my data from Welt Schatz (welt-schatz.com) under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Comprehensive tools|Competitive fees
Cons: Limited demo account features
Welt Schatz (welt-schatz.com) offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Educational resources|Easy withdrawals|Excellent charting
Cons: Mobile app could be improved
I am in a dispute with Welt Schatz (welt-schatz.com) over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Multi-currency support|Excellent charting|Automated trading options
Cons: Wait times can be long during peak hours|No dark mode on mobile
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Welt Schatz (welt-schatz.com) recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Good mobile app|Clean UI|High security standards
Cons: Withdrawal takes 1-2 business days
Customer support at Welt Schatz (welt-schatz.com) seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Professional team|Market news feed
Cons: Help articles are sometimes vague
The only good thing about Welt Schatz (welt-schatz.com) is that they remind you why regulation matters. I found them after a trusted YouTuber reviewed them. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Regular updates|Economic calendar|Competitive fees|Intuitive for beginners
Cons: Desktop app not available on Linux|Website design could be more modern
I joined Welt Schatz (welt-schatz.com) after a trusted YouTuber reviewed them and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Two-factor authentication|Good mobile app
Cons: Limited demo account features|Wish they had more educational resources