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WellsTrade Guide – Read our In-Depth WellsTrade Review

This WellsTrade review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

Please note that due to regulations, the content in this WellsTrade review does not apply to US users.

This WellsTrade review contains the latest information about WellsTrade.

If you are a new entrant in the realm of trading and brokerage, so many facts will be perplexing for you. Getting into the world of trading demands expert analyzing skills and comprehensive understanding. You'll acquire adept at all of the concepts of brokerage as you keep trading. For starters, you need to select the ideal agent who will be transparent with you always.

In this fast-paced universe of stock markets and trading, you'll need guidance to make proper decisions. A professionally lead investment plan will create hefty returns. WellsTrade is one such platform which will take you along with your investment to great heights. It's crucial to know about WellsTrade until you trust them with your money.

WellsTrade review

Our full WellsTrade Review covers everything you will need to learn about trading using WellsTrade. A fantastic broker can multiply your initial investments and provide you positive profits. If you would like to earn profits, you should trade with a brokerage service that aligns with your investment objectives.

There's absolutely no sure-fire way to guarantee profits; therefore, you should carefully analyze your broker before you choose them. It's a frequent misconception that all agents will be exactly the same, but that is not true. Wrong judgment, in the beginning, can put your investments in danger.

WellsTrade is a broker that has paved its way successfully into the brokerage world. In this review, we've attempted to collate a number of the important aspects of WellsTrade. This review can allow you to understand whether WellsTrade is a fantastic match for your own investments or not. We have attempted to breakdown all of the features and charges for your convenience.

WellsTrade Review, Table Of Contents

Who are WellsTrade?

WellsTrade is a foreign exchange broker headquartered in United States and provides a variety of instruments for trading. Since its beginning in 2008, WellsTrade has emerged as a top player in the field of online brokerage. WellsTrade has a highly competitive and full-featured trading site that is focused on currency, indices, metals, stocks and commodities.

Over the past 13 years, WellsTrade has grown into one of the leading online brokers.

After establishing in 2008, their client base is becoming as big as 10,000+ clients.

WellsTrade is a favorite of many dealers.. Our WellsTrade review found that they are an superb choice for automated trading solutions. It is most appropriate for investors who are searching for an assortment of assets. Social and automated trading options are the heart at WellsTrade.

Technology plays a significant role in WellsTrade. WellsTrade offers trading on iPhone,Tablet,Mac,Android,WEB. WellsTrade is fair, transparent, and a well-regulated broker by the Unregulated. Their outstanding array of resources will be beneficial for the majority of traders. Third-party partnerships also provide in-house research.

The educational section at WellsTrade is very insightful for new dealers since it allows them to get a closer look in the financial markets. WellsTrade caters to all types of traders and are a must-have broker for almost any well-diversified approach to online trading.

Benefits of doing online trading with WellsTrade?

Trading with WellsTrade includes many benefits. These benefits are what sets WellsTrade ahead of all other online agents. You need to check all of the benefits listed so that you have a better understanding of WellsTrade.

The broker goes to great lengths to comprehend what traders need. Consequently, the support price is low, fast, and convenient. The broker also provides a variety of programs for all kinds of traders. WellsTrade ensures that the individual needs of all online traders are completely met.

WellsTrade also includes excellent trading conditions that are readily available to just an elite group of institutional clients. The tight spreads and quick executions are a great advantage for the traders. The technology adopted by WellsTrade is of the maximum caliber, making sure that it's fast, reliable, and effective.

WellsTrade admits the importance of owning a quick order execution. A fast implementation enables users to exchange without worrying about slippage safely. It is going to also aid the dealers to grab the utmost profitable opportunities.

Automated trading is another major aspect of WellsTrade. A new dealer can learn from industry experts utilizing the automatic trading alternative. The tight spread begins from as low as 0.0 pips, even though they are available for just razor balances.

WellsTrade has over 254 trading tools to support all kinds of traders. These tools are lively and suitable for both new and experienced traders. The traders can set aside all their concerns when trading using WellsTrade.

WellsTrade overview

Year Founded: 2008

Regulated By: Unregulated

Hedquarters: United States

Minimum Deposit: $30

Number Of Clients: 10,000+

Your capital is at risk

If you feel that WellsTrade is not right for you then at the bottom of this WellsTrade review you wil find a lot of alternatives to WellsTrade.

Everything you should know about trading with WellsTrade

WellsTrade is a dynamic platform that offers various procedures of trading. These tools cover the financial markets substantially. The Majority of the brokerage platforms provide fewer procedures than WellsTrade

If you want to exchange with WellsTrade, you will require a minimum deposit of $30. This deposit is compulsory if you want to start trading using WellsTrade. This 2021 WellsTrade review will guide you clearly about trading with them.

WellsTrade is as versatile as any other broker platform. WellsTrade is great for traders that want a manageable assortment of low-cost services. The platforms provided by WellsTrade are third party, white-label offerings. All traders can pick out of iPhone,Tablet,Mac,Android,WEB.

Along with everything, WellsTrade has multiple benefits to new and verteran traders and should be investigated. There is no minimum time over which a trade has to be kept available. The brokers offer premium customer service that rewards clients with benefits.

Many unethical brokers try to pressurise users into bigger financing for superior services. WellsTrade, on the other hand, is much more concentrated on trading volume. Dealers can expect trading conditions to be reasonable, honest and transparent. The more lots traded by the user, the more benefits will come along.

WellsTrade accounts are available globally and provides quality service everywhere they have customers. There are a few countries where WellsTrade accounts are not available. Traders in the following countries cannot open or use a WellsTrade account:

Is WellsTrade Safe To Trade With?

Launched in 2006, WellsTrade has been operating for 13 years, they have a head office in United States.

WellsTrade is regulated by Unregulated. These figures have rules that mandate that trading platforms have steps in place to keep investor's resources secured. This usually means that WellsTrade users do not need to be worried about their money as it's segregated and safely kept in established banks. SSL encryption simplifies each user's private information as well.

You are able to make use of a choice for Two Factor Authentications (2FA) with WellsTrade for increased safety. An SMS for the confirmation code will be sent to a phone. You will be asked to enter this code to log in to your accounts.

Another concern with fiscal brokers with respect to safety might be manipulation of trading. This is highly disadvantageous for consumers on those platforms. However, this is more prevalent in the case of Market Maker brokers who compete with users on the stage.

Pro's & Con's Of Trading With WellsTrade

Every online trading platform has a few ups and downs, and no WellsTrade review would be complete without having a balanced approach. This WellsTrade review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.

WellsTrade Pro's

  • WellsTrade is trusted by 10,000+ clients
  • WellsTrade doesn't charge inactivity fees
  • WellsTrade doesn't charge deposit fees
  • WellsTrade doesn't charge CFD fees
  • WellsTrade offer trading on iPhone,Tablet,Mac,Android,WEB
  • WellsTrade offer 254 trading instruments
  • WellsTrade can communicate in

WellsTrade Con's

  • WellsTrade does not offer Negative Balance Protection
  • WellsTrade does not offer Guaranteed Stop Loss
  • WellsTrade charge withdrawal fees
  • WellsTrade doesn't trade major forex pairs
  • WellsTrade doesn't trade minor forex pairs
  • WellsTrade doesn't trade exotic forex pairs
  • WellsTrade doesn't offer trading on cryptocurrencies

WellsTrade Review - Compare Brokers Similar To WellsTrade

WellsTrade Charles Schwab Robinhood
Rating 4/5 4/5 4/5 4/5
Minimum Deposit $30 $25 $0 $Typical
Year Founded 2008 2010 2013 1999
Headquarters United States United States USA United States
Regulated By Unregulated Commodity Futures Trading Commission (CFTC) Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA)
Clients 10,000+ 10,000+ 10,000,000+ 150,000+
Find Out More
Risk Warning Your capital is at risk Your capital is at risk Your capital is at risk 73% of retail investor accounts lose money when trading CFDs with this provider

WellsTrade Review - Regulation And Licencing In More Detail

WellsTrade is regulated by Unregulated.

WellsTrade, as a company, has a strong set of rules for ensuring honest trading on its own platform. For data encryption purposes, it supplies an industry-standard secure socket layer (SSL).

In accordance with the company's privacy regulations, client information is never to be shared with any other institutions or individuals. This includes credit history and other financial details.

WellsTrade Review - Awards

    At the time of writing this WellsTrade review, they had not received any awards.

WellsTrade Review - Minimum Deposit Required

The minimum deposit that you need to get started on WellsTrade is $30. This is a decent amount for those just starting out. You can create more complex residue as you go along. However, ensure that you understand how to make the most of your cash before investing in larger amounts.

WellsTrade Review - Commission And Fees Explained

WellsTrade is an online broker platform, and many online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the companies of online brokerages are scaled better. That is, an internet broker isn't necessarily affected by the number of customers they have.

However, this doesn't necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for various services to make money. There are mainly three types of penalties for this purpose.

The first sort of charges to look out for are trading charges. Whenever you make an actual trade, like buying a stock or an ETF, you are billed trading fees. In these instances, you're spending a spread, financing speed, or a commission. The kinds of trading charges and the rates differ from broker to broker.

Commissions could be fixed or dependent on the traded volume. On the flip side, a spread denotes the gap between the buying and selling cost. Funding or overnight prices are people that are billed when you maintain a leveraged position for more than daily.

Apart from trading charges, online brokers also bill non-trading fees. These are dependent on the actions you undertake on your account. They're billed for operations like depositing money, not investing for lengthy periods, or withdrawals.

In general, WellsTrade doesn't charge high fees in comparison to other online agents. For operations other brokers charge for, they do not charge a brokerage fee, or they charge a smaller amount. This can be beneficial for people who regularly trade, for example daily or weekly trading.

However, non-trading fees charged by WellsTrade are relatively greater. As a result, you're charged more for non-trading activities in your trading accounts, such as deposits and withdrawal. These aren't about the sale and purchase of assets.

This WellsTrade review breaks down each of the applicable non-trading charges for you in detail.

Compare broker fees against WellsTrade

WellsTrade Charles Schwab Robinhood
Minimum Deposit $30 $25 $0 $Typical
Withdrawal Fees variable $2.50 No 0.3
Inactivity Fees No 0.7
Deposit Fees No 0.3
CFD Fees No 0.8

WellsTrade Review - Withdrawal Fees Explained

WellsTrade charges a withdrawal fee if you make a bank transfer. Each time you transfer money into your bank account, these withdrawal charges become important.

Withdrawal of cash is possible at any moment from your WellsTrade account. It's possible to withdraw up sums to the amount of your account balance, keeping aside the margin used. 1 thing to remember is that you don't always need to have any money in your account.

Moreover, the withdrawn money will be transferred directly to the accounts you use to make deposits. Thus, if you used a credit card for deposits, the withdrawn money is going to be sent to the card. WellsTrade will ask you to provide other withdrawal methods in case your details have changed since your deposit.

There is a minimum withdrawal amount. In case you are withdrawing money in various currencies from USD, a conversion fee is also important. The conversion fee will depend on the money you are choosing to draw in.

WellsTrade Review - Inactivity Fees Explained

Understanding whether you will be charged inactivity fees is one of those buzzing questions that run through your mind while open an account with WellsTrade. An inactivity fee is an amount charged to registered dealers who haven't participated in purchasing or selling for a while. The period considered inactive is decided by the agent.

The inactivity fee also differs from one agent to another and isn't standardized. If a dealers account doesn't have a buying or selling transaction, it's maintained by the agent as an inactivity fee. The traders need to pay this commission under terms and conditions they had consented while registering.

WellsTrade doesn't charge inactivity fees so you are free to utilize your account as needed

Even if no fees are implied by WellsTrade, it is better that you close the account if you're inactive. Inactivity fees aren't only charged by brokerage firms but also many financial services.

For additional trading platforms, the inactivity fee depends upon the type of account you've chosen. The inactivity fee is exposed to many circumstances and should be disclosed clearly by the agent beforehand.

WellsTrade Review - Deposit Fees Explained

When you move money in your trading account by your bank account, a deposit fee can be billed by the broker. Most agents don't charge too much money for this particular operation.

WellsTrade doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed

Depositing cash on the WellsTrade trading platform is simple. You simply have to finish a single-user profile survey to begin depositing money into your trading account. You'll need to provide an identity proof and proof of residency to deposit large sums.

WellsTrade Review - Compare Broker Deposit Methods

WellsTrade Charles Schwab Robinhood
Minimum Deposit $30 $25 $0 $Typical
Credit Card No Yes
PayPal No Yes
Neteller No No
Skrill No No
Payoneer No No

What Can You trade With WellsTrade?

Note: WellsTrade offers many different trading instruments due to regulatory restrictions in a few countries. Trading instruments offered can be different depending on the country of residence of the client.

WellsTrade has a wide variety of over 254 instruments available for you to trade with.

If trading currency pairs is of interest to you then WellsTrade offer over currency pairs.

Compare WellsTrade, Charles Schwab, Robinhood & below.

WellsTrade Charles Schwab Robinhood
Platforms iPhone, Tablet, Mac, Android, WEB Android, WEB, Desktop, iPhone, Mac Web Trader, Tablet & Mobile apps MT4, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps
Instruments Available 254 70 5000 4500
Forex & Crypto
Forex Pairs Available 0 80
Offers Major Forex Pairs? No No No Yes
Offers Minor Forex Pairs? No No No Yes
Offers Exotic Forex Pairs? No No No Yes
Offers Cryptocurrencies? No No Yes Yes
Commodity CFD's
Commodities Offered 0 0 14 12
Trade Metals? No No No Yes
Trade Energies? No No No Yes
Trade Agricultural? No No No Yes
Indiced & Stock CFDs
Stocks Offered 0 14 12
Trade UK Shares? No No Yes Yes
Trade US Shares? No No Yes Yes
Trade German Shares? No No Yes Yes
Trade Japanese Shares? No No Yes Yes

Your capital is at risk

Your capital is at risk

Your capital is at risk

73% of retail investor accounts lose money when trading CFDs with this provider

Alternatives To WellsTrade

If, after reading this WellsTrade review, WellsTrade doesn't meet your requirements check out these WellsTrade alternatives.

We have scoured the web to find the best alternatives to WellsTrade. Click the links below to find out more.

Frequently Asked Questions about WellsTrade

Can I try WellsTrade before I buy?

Yes, you can most definitely try WellsTrade before you buy. WellsTrade provides demo accounts for the ease of inexperienced traders. You can use this feature to build your faith in the system as well as yourself and your trading strategies.

If you register for a demonstration account on WellsTrade, you may set out with a decent amount of virtual money. It is to establish a sense of security and confidence in you before you choose to spend your own money.

With this digital WellsTradedemo account, you can experiment at all, to whatever length you wish. You can even open positions, examine different trading strategies, and much more.

WellsTrade specifies on its official site which you are able to exchange real time stocks in a demo account.

Is WellsTrade safe?

It is possible to drop all your worries since we believe that WellsTrade is completely safe to use. It's in compliance with all the rules of Unregulated.

Even so, WellsTrade does not provide assured stop-loss protection.

Why does WellsTrade ask for my passport?

The reason that WellsTrade asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, WellsTrade has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, WellsTrade must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.

How can I start trading with WellsTrade?

The process to start trading withWellsTrade is perhaps simple enough to be a cakewalk. You need to begin by signing up on the WellsTrade website. It will require you to fill in details pertaining to the credibility and security of your account.

Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with WellsTrade is $30. You should have a good hold over the nuances of online trading before you set out and trade with real money.

If you are confident of your knowledge and understanding, you can open an account with WellsTrade.

The best way to kickstart your trading career with WellsTrade is to open a demo account facility before risking any real money

What funding methods do WellsTrade accept?

There are a number of methods to fund your accounts with WellsTrade. The process is effortless and quick, with different payment methods in your fingertips.

You can use debit or credit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing money. You must bear in mind that PayPal is not available in all place. The currencies WellsTrade

Is my money safe with WellsTrade?

Yes, your cash is safe and protected with WellsTrade. As you know, WellsTrade works with proper conformation to. It has established plenty of steps to protect all of its investors.

WellsTrade safeguards its customers' personal and sensitive data under SSL encryption. Your funds will be retained highly secure in top-tier banks.

If you wish to further protect your account, you can empower Two-Step Verification also. It takes an SMS confirmation that you access your account.

Is WellsTrade trading good?

Yes, trading through WellsTrade is a nice and decent experience indeed. It's an excellent and intuitive platform with helpful features for your simplicity. Moreover, you can even obtain access to a vast collection of educational tools and assistive substance to kickstart your trading expertise.

If you remain skeptical, you can open a eToro demo account and assess the trustworthiness of the platform on your own.

Which Countries does WellsTrade support?

WellsTrade operates around the world. However, due to regulations there are some countries that WellsTrade can't accept clients from

Is WellsTrade legit?

WellsTrade is a legit company headquarted in United States since 2008. They are regulated by Unregulated. WellsTrade is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.

Is WellsTrade a good broker?

WellsTrade is an excellent broker, and its users may vouch for it. The highlight of this platform is its fast order execution on trades.

You'll find the clean layout of this platform along with the admirable features a pleasure to work with.

Is WellsTrade a trustworthy broker?

Yes, WellsTrade is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.

What is the minimum deposit for WellsTrade?

The minimum deposit to open a live account with WellsTrade is $30

How long do WellsTrade withdrawals take?

Normally, withdrawal of money from WellsTrade is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from WellsTrade to show in your bank account.

Are WellsTrade regulated?

WellsTrade are regulated by Unregulated

Is WellsTrade a market leading broker?

WellsTrade is currently one of the business leaders. It supports over 10,000+ registered users and over 13 years of experience on its record. They are among the world's top trading platforms and a prominent figure in the Fintech revolution.

It simplifies this standing to its incredible platform and broad selection of resources plus tools so you may put money into capital markets.

Is WellsTrade a con?

No, WellsTrade is not a con. They are regulated by Unregulated and must adhere to their rules. Thus, it is safe to say that WellsTrade is not a scam.

Can you make money with WellsTrade?

Through WellsTrade, many traders earn a great deal of money. However, typically, through continual trading, you can make between 2% - 10% profit a month.

This may seem like a little number, but over the entire year, this adds to a substantial amount of gains. Even though WellsTrade provide you all the tools to earn money, they can't guarantee you will gain.

Does WellsTrade have fees?

Yes. To begin trading using WellsTrade, you have to deposit $30. Particular commissions while trading also apply. Any processing fees from your bank will need to be incurred by you.

When was WellsTrade founded?

WellsTrade was founded in 2008 in United States. WellsTrade is regulated by Unregulated.

How many people use WellsTrade?

WellsTrade is a globally recognised broker with 10,000+ clients.

Where is the WellsTrade head office?

WellsTrade has its head office in United States

Does WellsTrade offer negative balance protection?

No. WellsTrade doesn't provide negative balance protection. If your balance is unfavorable, WellsTrade indicates you contact customer services. For this, you can fix any imbalances within your account.

Does WellsTrade offer guaranteed stop loss?

WellsTrade regrettably, does not provide guaranteed stop loss. WellsTrade gives an opportunity for its dealers to close their trade in their given price. Aside from that, WellsTrade does not offer guaranteed stop loss.

Does WellsTrade allow scalping?

Yes, WellsTrade do allow scalping. Many traders across the world choose WellsTrade for their services that are trading. They offer trading on iPhone,Tablet,Mac,Android,WEB which allow this.

Does WellsTrade allow hedging?

Yes, WellsTrade does allow hedging.

Can you trade energies with WellsTrade?

No, unfortunately you cannot trade energy stock with WellsTrade

Can you trade agricultural shares with WellsTrade?

No, unfortunately you cannot trade agricultural stock with WellsTrade

Can you trade cryptocurrency with WellsTrade?

No, unfortunately you cannot trade cryptocurrency with WellsTrade

Can you trade metals with WellsTrade?

No, unfortunately you cannot trade metals with WellsTrade

Can you trade UK Shares with WellsTrade?

No, unfortunately you cannot trade UK shares with WellsTrade

Can you trade US Shares with WellsTrade?

No, unfortunately you cannot trade US shares with WellsTrade

Can you trade Japanese Shares with WellsTrade?

No, unfortunately you cannot trade Japanese shares with WellsTrade

Can you trade German Shares with WellsTrade?

No, unfortunately you cannot trade German shares with WellsTrade

Does WellsTrade accept bank transfers?

No, WellsTrade does not accept bank transfers.

Does WellsTrade accept credit cards?

No, WellsTrade does not accept credit cards.

Does WellsTrade accept PayPal?

No, WellsTrade does not accept PayPal.

Does WellsTrade accept Skrill?

No, WellsTrade does not accept Skrill.

Does WellsTrade accept Payoneer?

No, WellsTrade does not accept Payoneer.

Does WellsTrade accept Neteller?

No, WellsTrade does not accept Neteller.

Does WellsTrade offer Live Chat customer support?

No, WellsTrade does not offer customer support through live chat.

Does WellsTrade offer phone customer support?

No, WellsTrade does not offer customer support over the telephone.

Does WellsTrade offer email customer support?

No, WellsTrade does not offer customer support through email.

What languages can WellsTrade communicate in?

WellsTrade has the ability to communicate and support customers who speak:

Does WellsTrade have a wikipedia page?

No, WellsTrade does not have an official wikipedia page.

Does WellsTrade offer demo accounts?

Yes, WellsTrade offers demo accounts so you can learn their systems before risking any real money.