Weltrade SA (PTY) Ltd operates under South African regulation as a licensed intermediary. This means it facilitates onboarding, administration, and client interaction, but it does not hold, store, or custody your funds.
Learn more about what license Weltrade operates under here.
Who actually holds my funds?
Your trading funds are held by a product supplier, such as Weltrade Ltd or another authorised product supplier. This product supplier acts as the trading counterparty and is responsible for holding your funds in accordance with its own regulatory framework.
Weltrade SA (PTY) Ltd does not maintain your bank accounts and does not act as a depository. Its role is limited to intermediary and administrative services.
Does Weltrade SA (PTY) Ltd have access to my money?
No. Weltrade SA (PTY) Ltd does not have custody or control over your funds and cannot use your money for its own business operations. All fund movements are processed through the product supplier and approved payment service providers.
Will I have a sub-account, separate bank account, or segregated account?
You as a client do not receive an individual bank account in your own name under the South African FSP licence held by the entity. Your funds are held in dedicated accounts maintained by payment service providers used by the product supplier.
These arrangements are designed to ensure:
Your funds are kept separate from the company’s operational funds
Your money is not used for business expenses
Payments are processed only through authorised channels
However, segregation does not mean that funds are held by Weltrade SA (PTY) Ltd itself.
Important clarifications on fund safety
While arrangements are in place for the proper safekeeping of your funds, this does not eliminate:
Market risk
Counterparty risk
Insolvency risk of the product supplier
The level of protection applicable to your funds depends primarily on the regulatory and financial framework of the product supplier holding the funds.
Key takeaways
Weltrade SA (PTY) Ltd acts solely as an intermediary under South African regulation. Your funds are held by engaged product suppliers and payment service providers, not by Weltrade SA (PTY) Ltd itself.