Exness
WellsTrade
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Exness was founded in 2008 and is headquartered in Cyprus, while WellsTrade was established in 2008 and is based in United States. Exness holds licences including Cyprus Securities and Exchange Commission (CySEC), while WellsTrade is regulated by Unregulated among others. Exness serves 10,000+ clients worldwide; WellsTrade has 10,000+. The minimum deposit is $1 at Exness and $30 at WellsTrade.
| Feature | Exness | WellsTrade |
|---|---|---|
| Min. Deposit | $1 | $30 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC), CRFIN, The Federal Financial Supervisory Authority Bundesanstalt f├ó╦å┼í├é┬║r Finanzdienstleistungsaufsicht (BaFin), Netherlands Authority for the Financial Markets (AFM), Banque de France, The National Securities Market Commission (CNMV), The Commissione Nazionale per le Societ├ó╦å┼í├óÔé¼┬á e la Borsa (CONSOB), Finansinspektionen (FI), Komisja Nadzoru Finansowego (KNF) | Unregulated |
| Founded | 2008 | 2008 |
| Country | Cyprus | United States |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Exness and WellsTrade, directly affecting your bottom line as a trader. Exness 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 | Exness | WellsTrade |
|---|---|---|
| Min. Deposit | $1 | $30 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Exness offers MT4, MT5, cTrader, while WellsTrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Exness supports social and copy trading features, which WellsTrade does not offer. The two brokers are closely matched on platform offering.
| Feature | Exness | 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, MT5, Mac, 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 Exness and WellsTrade compare. Exness runs regular live webinars; WellsTrade does not. Exness has a video library; WellsTrade does not. Exness publishes daily market commentary; WellsTrade does not. Exness integrates third-party research tools (Trading Central); WellsTrade does not. Exness maintains an archive of past webinars for on-demand viewing. Exness scores higher overall in education and research.
| Feature | Exness | WellsTrade |
|---|---|---|
| Forex Education | No | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Exness 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 | Exness | 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 Exness 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 | Exness | WellsTrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |