Bittrex
WellsTrade
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Overview
Bittrex was founded in 2010 and is headquartered in South Korea, while WellsTrade was established in 2008 and is based in United States. Bittrex holds licences including Securities and Exchange Commission (SEC), while WellsTrade is regulated by Unregulated among others. Bittrex serves 10,000+ clients worldwide; WellsTrade has 10,000+. The minimum deposit is $100 at Bittrex and $30 at WellsTrade.
| Feature | Bittrex | WellsTrade |
|---|---|---|
| Min. Deposit | $100 | $30 |
| Regulation | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) | Unregulated |
| Founded | 2010 | 2008 |
| Country | South Korea | United States |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Bittrex and WellsTrade, directly affecting your bottom line as a trader. Bittrex has a lower barrier to entry with a minimum deposit of $100 (vs $30 at WellsTrade). Neither broker charges withdrawal fees. Bittrex charges deposit fees; WellsTrade does not. Overall, WellsTrade scores higher on fees in our assessment.
| Feature | Bittrex | WellsTrade |
|---|---|---|
| Min. Deposit | $100 | $30 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | No | No |
Platforms
Bittrex 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 | Bittrex | WellsTrade |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MetaTrader 4, cTrader Platform | iPhone,Tablet,Mac,Android,WEB |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Bittrex and WellsTrade compare. Bittrex runs regular live webinars; WellsTrade does not. Bittrex has a video library; WellsTrade does not. Bittrex publishes daily market commentary; WellsTrade does not. Bittrex integrates third-party research tools (Trading Central, Autochartist); WellsTrade does not. Bittrex maintains an archive of past webinars for on-demand viewing. Bittrex scores higher overall in education and research.
| Feature | Bittrex | 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. Bittrex 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 | Bittrex | 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 Bittrex 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 | Bittrex | WellsTrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |