Blitzbrokers
WellsTrade
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Overview
Blitzbrokers was founded in 1982 and is headquartered in Hong Kong, while WellsTrade was established in 2008 and is based in United States. Blitzbrokers holds licences including Securities and Futures Commission (SFC), while WellsTrade is regulated by Unregulated among others. Blitzbrokers serves 10,000+ clients worldwide; WellsTrade has 10,000+. The minimum deposit is $1 at Blitzbrokers and $30 at WellsTrade.
| Feature | Blitzbrokers | WellsTrade |
|---|---|---|
| Min. Deposit | $1 | $30 |
| Regulation | Securities and Futures Commission (SFC) | Unregulated |
| Founded | 1982 | 2008 |
| Country | Hong Kong | United States |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Blitzbrokers and WellsTrade, directly affecting your bottom line as a trader. Blitzbrokers has a lower barrier to entry with a minimum deposit of $1 (vs $30 at WellsTrade). Neither broker charges withdrawal fees. The two brokers are broadly comparable on fee structure.
| Feature | Blitzbrokers | WellsTrade |
|---|---|---|
| Min. Deposit | $1 | $30 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Blitzbrokers offers MT5, cTrader, while WellsTrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Blitzbrokers supports social and copy trading features, which WellsTrade does not offer. WellsTrade edges ahead on platform breadth and functionality in our scoring.
| Feature | Blitzbrokers | WellsTrade |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Desktop,WEB,Android | iPhone,Tablet,Mac,Android,WEB |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Blitzbrokers and WellsTrade compare. Blitzbrokers has a video library; WellsTrade does not. Blitzbrokers integrates third-party research tools (Autochartist); WellsTrade does not. Blitzbrokers scores higher overall in education and research.
| Feature | Blitzbrokers | 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. Blitzbrokers 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 | Blitzbrokers | 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 Blitzbrokers 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 | Blitzbrokers | WellsTrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |