Ascot Securities
WellsTrade
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Ascot Securities was founded in 1996 and is headquartered in Estonia, while WellsTrade was established in 2008 and is based in United States. Ascot Securities holds licences including Cyprus Securities and Exchange Commission (CySEC), while WellsTrade is regulated by Unregulated among others. Ascot Securities serves 10,000+ clients worldwide; WellsTrade has 10,000+. The minimum deposit is $25 at Ascot Securities and $30 at WellsTrade.
| Feature | Ascot Securities | WellsTrade |
|---|---|---|
| Min. Deposit | $25 | $30 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Unregulated |
| Founded | 1996 | 2008 |
| Country | Estonia | United States |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Ascot Securities and WellsTrade, directly affecting your bottom line as a trader. Ascot Securities has a lower barrier to entry with a minimum deposit of $25 (vs $30 at WellsTrade). Ascot Securities charges withdrawal fees while WellsTrade does not, a notable advantage for frequent withdrawers. Ascot Securities applies inactivity fees on dormant accounts; WellsTrade does not. Ascot Securities charges deposit fees; WellsTrade does not. Overall, WellsTrade scores higher on fees in our assessment.
| Feature | Ascot Securities | WellsTrade |
|---|---|---|
| Min. Deposit | $25 | $30 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
Ascot Securities offers MT4, MT5, cTrader, while WellsTrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Ascot Securities supports social and copy trading features, which WellsTrade does not offer. The two brokers are closely matched on platform offering.
| Feature | Ascot 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 | Desktop,Android,iPhone/iPad,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 Ascot Securities and WellsTrade compare. Ascot Securities has a video library; WellsTrade does not. Ascot Securities integrates third-party research tools (Autochartist); WellsTrade does not. Ascot Securities scores higher overall in education and research.
| Feature | Ascot Securities | WellsTrade |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Ascot 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 | Ascot 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 Ascot 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 | Ascot Securities | WellsTrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |