Welt Schatz (welt-schatz.net) has been flagged by Australian Securities and Investments Commission for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
If you are reading this considering Welt Schatz (welt-schatz.net) - run. I wish I had read more negative reviews through a podcast recommendation. I thought the positive ones were real. Maybe some are. My experience over for over three years has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: High security standards|Excellent charting|Risk management tools
Cons: No live chat on mobile
After for about five months with Welt Schatz (welt-schatz.net), I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Two-factor authentication|Automated trading options|Dedicated account manager|Detailed reporting
Cons: Inactivity fee applies after 12 months
The spread at Welt Schatz (welt-schatz.net) is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after a family member had a good experience and initially thought the platform was good - until I started trading seriously.
Pros: Helpful community forum|Dividend tracking
Cons: Live chat only during business hours
I had a dispute with Welt Schatz (welt-schatz.net) and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Educational resources|API access
Cons: Inactivity fee applies after 12 months
I referred a friend to Welt Schatz (welt-schatz.net) through word of mouth in my investment club. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Tax reports included|Automated trading options
Cons: Search feature is basic|Some tools only available on higher tiers
The platform itself is okay, but the customer service at Welt Schatz (welt-schatz.net) is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Quick verification|Demo account available
Cons: Charting tools need more indicators
Opened my account with Welt Schatz (welt-schatz.net) after reading several online reviews and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Educational resources|Economic calendar
Cons: None so far|Withdrawal takes 1-2 business days
The mobile app from Welt Schatz (welt-schatz.net) 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: Market news feed|Low minimum deposit|Risk management tools
Cons: Email notifications too frequent|Charting tools need more indicators
I joined Welt Schatz (welt-schatz.net) from a review site like this one 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: Excellent charting|Risk management tools|Fast execution|Low minimum deposit
Cons: Onboarding videos are outdated|Currency conversion fee exists
After for about three months with Welt Schatz (welt-schatz.net) 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: Fast support response|Social trading features|Easy to use platform
Cons: Charting tools need more indicators|Minor UI glitches occasionally