AB Forex
WellsTrade
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Overview
AB Forex was founded in 2003 and is headquartered in STOCKHOLM, while WellsTrade was established in 2008 and is based in United States. Both brokers are regulated by Unregulated, among other authorities. AB Forex serves 10,000+ clients worldwide; WellsTrade has 10,000+. The minimum deposit is $100 at AB Forex and $30 at WellsTrade.
| Feature | AB Forex | WellsTrade |
|---|---|---|
| Min. Deposit | $100 | $30 |
| Regulation | Unregulated | Unregulated |
| Founded | 2003 | 2008 |
| Country | STOCKHOLM | United States |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between AB Forex and WellsTrade, directly affecting your bottom line as a trader. AB Forex has a lower barrier to entry with a minimum deposit of $100 (vs $30 at WellsTrade). AB Forex charges withdrawal fees while WellsTrade does not, a notable advantage for frequent withdrawers. AB Forex applies inactivity fees on dormant accounts; WellsTrade does not. AB Forex charges deposit fees; WellsTrade does not. Overall, WellsTrade scores higher on fees in our assessment.
| Feature | AB Forex | WellsTrade |
|---|---|---|
| Min. Deposit | $100 | $30 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
WellsTrade edges ahead on platform breadth and functionality in our scoring.
| Feature | AB Forex | WellsTrade |
|---|---|---|
| MT4 | No | Yes |
| MT5 | No | Yes |
| cTrader | No | Yes |
| Windows App | No | Yes |
| iOS App | No | Yes |
| Android App | No | Yes |
| Trading Platforms | DealBook├é┬¼├âÔÇá 360 (Desktop, Mobile, iPhone, iPad, iPod touch, Web) | iPhone,Tablet,Mac,Android,WEB |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how AB Forex and WellsTrade compare. The two brokers are evenly matched on educational content.
| Feature | AB Forex | WellsTrade |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. WellsTrade uniquely supports bank transfer and credit/debit card among the two brokers. WellsTrade scores higher on deposit and withdrawal flexibility.
| Feature | AB Forex | WellsTrade |
|---|---|---|
| Bank Transfer | No | Yes |
| Credit Card | No | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. WellsTrade offers live chat; AB Forex does not, making WellsTrade easier to reach in real time. WellsTrade offers phone support; AB Forex does not. WellsTrade offers email support; no email support was found for AB Forex. Both brokers offer support in 2 languages. WellsTrade scores higher overall on customer support in our assessment.
| Feature | AB Forex | WellsTrade |
|---|---|---|
| Live Chat | No | Yes |
| Phone Support | No | Yes |
| Email Support | No | Yes |
| Languages | English, and Chinese | English, and Chinese |