EagleFX
WellsTrade
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Overview
EagleFX was founded in 2019 and is headquartered in Dominica, while WellsTrade was established in 2008 and is based in United States. Both brokers are regulated by Unregulated, among other authorities. EagleFX serves 5,000+ clients worldwide; WellsTrade has 10,000+. The minimum deposit is $10 at EagleFX and $30 at WellsTrade.
| Feature | EagleFX | WellsTrade |
|---|---|---|
| Min. Deposit | $10 | $30 |
| Regulation | Unregulated | Unregulated |
| Founded | 2019 | 2008 |
| Country | Dominica | United States |
| Clients | 5,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between EagleFX and WellsTrade, directly affecting your bottom line as a trader. EagleFX has a lower barrier to entry with a minimum deposit of $10 (vs $30 at WellsTrade). EagleFX charges withdrawal fees while WellsTrade does not, a notable advantage for frequent withdrawers. EagleFX applies inactivity fees on dormant accounts; WellsTrade does not. The two brokers are broadly comparable on fee structure.
| Feature | EagleFX | WellsTrade |
|---|---|---|
| Min. Deposit | $10 | $30 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
EagleFX offers MT4, MT5, cTrader, a proprietary platform, while WellsTrade supports MT4, MT5, cTrader. EagleFX supports social and copy trading features, which WellsTrade does not offer. WellsTrade edges ahead on platform breadth and functionality in our scoring.
| Feature | EagleFX | WellsTrade |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | No | Yes |
| Android App | No | Yes |
| Trading Platforms | MT4, 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 EagleFX and WellsTrade compare. The two brokers are evenly matched on educational content.
| Feature | EagleFX | 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. EagleFX 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 | EagleFX | 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 EagleFX 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 | EagleFX | WellsTrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |