Corner Trader
WellsTrade
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Overview
Corner Trader was founded in 1879 and is headquartered in Switzerland, while WellsTrade was established in 2008 and is based in United States. Both brokers are regulated by Unregulated, among other authorities. Corner Trader serves 10,000+ clients worldwide; WellsTrade has 10,000+. The minimum deposit is $250 at Corner Trader and $30 at WellsTrade.
| Feature | Corner Trader | WellsTrade |
|---|---|---|
| Min. Deposit | $250 | $30 |
| Regulation | Unregulated | Unregulated |
| Founded | 1879 | 2008 |
| Country | Switzerland | United States |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Corner Trader and WellsTrade, directly affecting your bottom line as a trader. Corner Trader has a lower barrier to entry with a minimum deposit of $250 (vs $30 at WellsTrade). Corner Trader charges withdrawal fees while WellsTrade does not, a notable advantage for frequent withdrawers. Corner Trader applies inactivity fees on dormant accounts; WellsTrade does not. Overall, WellsTrade scores higher on fees in our assessment.
| Feature | Corner Trader | WellsTrade |
|---|---|---|
| Min. Deposit | $250 | $30 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Corner Trader 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 | Corner Trader | 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,Desktop,iPhone/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 Corner Trader and WellsTrade compare. The two brokers are evenly matched on educational content.
| Feature | Corner Trader | WellsTrade |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Corner Trader 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 | Corner Trader | 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 Corner Trader 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 | Corner Trader | WellsTrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |