Fidelity
WellsTrade
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Overview
Fidelity was founded in 2008 and is headquartered in USA, while WellsTrade was established in 2008 and is based in United States. Fidelity holds licences including Financial Conduct Authority (FCA), while WellsTrade is regulated by Unregulated among others. Fidelity serves 10,000+ clients worldwide; WellsTrade has 10,000+. The minimum deposit is $100 at Fidelity and $30 at WellsTrade.
| Feature | Fidelity | WellsTrade |
|---|---|---|
| Min. Deposit | $100 | $30 |
| Regulation | Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC) | Unregulated |
| Founded | 2008 | 2008 |
| Country | USA | United States |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Fidelity and WellsTrade, directly affecting your bottom line as a trader. Fidelity has a lower barrier to entry with a minimum deposit of $100 (vs $30 at WellsTrade). Neither broker charges withdrawal fees. Fidelity applies inactivity fees on dormant accounts; WellsTrade does not. Overall, WellsTrade scores higher on fees in our assessment.
| Feature | Fidelity | WellsTrade |
|---|---|---|
| Min. Deposit | $100 | $30 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
Fidelity offers MT5, cTrader, while WellsTrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Fidelity supports social and copy trading features, which WellsTrade does not offer. WellsTrade edges ahead on platform breadth and functionality in our scoring.
| Feature | Fidelity | WellsTrade |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | iPad, iPhone, Android, Windows Phone 8 device, Website, Trader Pro | iPhone,Tablet,Mac,Android,WEB |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Fidelity and WellsTrade compare. Fidelity runs regular live webinars; WellsTrade does not. Fidelity has a video library; WellsTrade does not. Fidelity publishes daily market commentary; WellsTrade does not. Fidelity integrates third-party research tools (Trading Central); WellsTrade does not. Fidelity maintains an archive of past webinars for on-demand viewing. Fidelity scores higher overall in education and research.
| Feature | Fidelity | 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. Fidelity 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 | Fidelity | 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 Fidelity 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 | Fidelity | WellsTrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |