afx group
WellsTrade
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
afx group was founded in 2013 and is headquartered in Geneva, while WellsTrade was established in 2008 and is based in United States. afx group holds licences including Financial Conduct Authority (FCA), while WellsTrade is regulated by Unregulated among others. afx group serves 14,000,000+ clients worldwide; WellsTrade has 10,000+. The minimum deposit is $250 at afx group and $30 at WellsTrade.
| Feature | afx group | WellsTrade |
|---|---|---|
| Min. Deposit | $250 | $30 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F220 | Unregulated |
| Founded | 2013 | 2008 |
| Country | Geneva | United States |
| Clients | 14,000,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between afx group and WellsTrade, directly affecting your bottom line as a trader. afx group has a lower barrier to entry with a minimum deposit of $250 (vs $30 at WellsTrade). Neither broker charges withdrawal fees. Overall, WellsTrade scores higher on fees in our assessment.
| Feature | afx group | WellsTrade |
|---|---|---|
| Min. Deposit | $250 | $30 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
afx group offers MT4, MT5, cTrader, while WellsTrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. The two brokers are closely matched on platform offering.
| Feature | afx group | WellsTrade |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | iPhone,Tablet,Mac,Android,WEB |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how afx group and WellsTrade compare. afx group runs regular live webinars; WellsTrade does not. afx group has a video library; WellsTrade does not. afx group publishes daily market commentary; WellsTrade does not. afx group integrates third-party research tools (Trading Central); WellsTrade does not. afx group maintains an archive of past webinars for on-demand viewing. afx group scores higher overall in education and research.
| Feature | afx group | WellsTrade |
|---|---|---|
| Forex Education | No | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. afx group accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while WellsTrade supports 2 (bank transfer, credit/debit card). afx group uniquely supports PayPal and Skrill and Neteller among the two brokers. afx group scores higher on deposit and withdrawal flexibility.
| Feature | afx group | WellsTrade |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both afx group and WellsTrade offer live chat support. Both provide phone support. Email support is available at both brokers. afx group supports 8 languages and WellsTrade supports 2, giving afx group broader global reach. Both brokers are comparable on support quality.
| Feature | afx group | WellsTrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, and Chinese |