AvaTrade
WellsTrade
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Overview
AvaTrade was founded in 2006 and is headquartered in The British Virgin Islands, while WellsTrade was established in 2008 and is based in United States. AvaTrade holds licences including Central Bank of Ireland, while WellsTrade is regulated by Unregulated among others. AvaTrade serves 200,000+ clients worldwide; WellsTrade has 10,000+. The minimum deposit is $250 at AvaTrade and $30 at WellsTrade.
| Feature | AvaTrade | WellsTrade |
|---|---|---|
| Min. Deposit | $250 | $30 |
| Regulation | Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI) | Unregulated |
| Founded | 2006 | 2008 |
| Country | The British Virgin Islands | United States |
| Clients | 200,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between AvaTrade and WellsTrade, directly affecting your bottom line as a trader. AvaTrade 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 | AvaTrade | WellsTrade |
|---|---|---|
| Min. Deposit | $250 | $30 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
AvaTrade offers MT4, MT5, cTrader, while WellsTrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. AvaTrade supports social and copy trading features, which WellsTrade does not offer. The two brokers are closely matched on platform offering.
| Feature | AvaTrade | 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, Mac, Mirror Trader, ZuluTrade, Web Trader, 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 AvaTrade and WellsTrade compare. AvaTrade has a video library; WellsTrade does not. AvaTrade integrates third-party research tools (Autochartist); WellsTrade does not. AvaTrade scores higher overall in education and research.
| Feature | AvaTrade | 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. AvaTrade accepts 4 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Neteller), while WellsTrade supports 2 (bank transfer, credit/debit card). AvaTrade uniquely supports PayPal and Neteller among the two brokers. AvaTrade scores higher on deposit and withdrawal flexibility.
| Feature | AvaTrade | WellsTrade |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | No | 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 AvaTrade and WellsTrade offer live chat support. Both provide phone support. Email support is available at both brokers. AvaTrade supports 6 languages and WellsTrade supports 2, giving AvaTrade broader global reach. Both brokers are comparable on support quality.
| Feature | AvaTrade | WellsTrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Italian, German, French, Greek, and Hebrew | English, and Chinese |