Argonaut Securities
WellsTrade
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Overview
Argonaut Securities was founded in 2009 and is headquartered in Australia, while WellsTrade was established in 2008 and is based in United States. Argonaut Securities holds licences including Australian Securities Exchange (ASX), while WellsTrade is regulated by Unregulated among others. Argonaut Securities serves 10,000+ clients worldwide; WellsTrade has 10,000+. The minimum deposit is $1 at Argonaut Securities and $30 at WellsTrade.
| Feature | Argonaut Securities | WellsTrade |
|---|---|---|
| Min. Deposit | $1 | $30 |
| Regulation | Australian Securities Exchange (ASX), Australian Securities and Investment Commission (ASIC), Securities and Futures Ordinance (SFO), Securities and Futures Commission (SFC) | Unregulated |
| Founded | 2009 | 2008 |
| Country | Australia | United States |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Argonaut Securities and WellsTrade, directly affecting your bottom line as a trader. Argonaut Securities has a lower barrier to entry with a minimum deposit of $1 (vs $30 at WellsTrade). Neither broker charges withdrawal fees. Argonaut Securities charges deposit fees; WellsTrade does not. The two brokers are broadly comparable on fee structure.
| Feature | Argonaut Securities | WellsTrade |
|---|---|---|
| Min. Deposit | $1 | $30 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | No | No |
Platforms
Argonaut Securities offers MT4, MT5, cTrader, while WellsTrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Argonaut Securities supports social and copy trading features, which WellsTrade does not offer. The two brokers are closely matched on platform offering.
| Feature | Argonaut Securities | WellsTrade |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Android,WEB,Desktop,iPhone,Mac | iPhone,Tablet,Mac,Android,WEB |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Argonaut Securities and WellsTrade compare. Argonaut Securities runs regular live webinars; WellsTrade does not. Argonaut Securities has a video library; WellsTrade does not. Argonaut Securities publishes daily market commentary; WellsTrade does not. Argonaut Securities integrates third-party research tools (Trading Central, Autochartist); WellsTrade does not. Argonaut Securities maintains an archive of past webinars for on-demand viewing. Argonaut Securities scores higher overall in education and research.
| Feature | Argonaut Securities | WellsTrade |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Argonaut Securities accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while WellsTrade supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Argonaut Securities | WellsTrade |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | 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. Both Argonaut Securities and WellsTrade offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | Argonaut Securities | WellsTrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |