Coinbase
WellsTrade
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Overview
Coinbase was founded in 1989 and is headquartered in United States, while WellsTrade was established in 2008 and is based in United States. Coinbase holds licences including Financial Conduct Authority (FCA), while WellsTrade is regulated by Unregulated among others. Coinbase serves 10,000+ clients worldwide; WellsTrade has 10,000+. The minimum deposit is $100 at Coinbase and $30 at WellsTrade.
| Feature | Coinbase | WellsTrade |
|---|---|---|
| Min. Deposit | $100 | $30 |
| Regulation | Financial Conduct Authority (FCA) | Unregulated |
| Founded | 1989 | 2008 |
| Country | United States | United States |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Coinbase and WellsTrade, directly affecting your bottom line as a trader. Coinbase has a lower barrier to entry with a minimum deposit of $100 (vs $30 at WellsTrade). Neither broker charges withdrawal fees. Overall, WellsTrade scores higher on fees in our assessment.
| Feature | Coinbase | WellsTrade |
|---|---|---|
| Min. Deposit | $100 | $30 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Coinbase offers MT4, MT5, cTrader, while WellsTrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Coinbase supports social and copy trading features, which WellsTrade does not offer. The two brokers are closely matched on platform offering.
| Feature | Coinbase | WellsTrade |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | iPhone/iPad,iOS, | iPhone,Tablet,Mac,Android,WEB |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Coinbase and WellsTrade compare. Coinbase has a video library; WellsTrade does not. Coinbase integrates third-party research tools (Autochartist); WellsTrade does not. Coinbase scores higher overall in education and research.
| Feature | Coinbase | 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. Coinbase 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 | Coinbase | 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 Coinbase 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 | Coinbase | WellsTrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |