Forex.com
WellsTrade
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Overview
Forex.com was founded in 2001 and is headquartered in United States, while WellsTrade was established in 2008 and is based in United States. Forex.com holds licences including Financial Conduct Authority (FCA), while WellsTrade is regulated by Unregulated among others. Forex.com serves 150,000+ clients worldwide; WellsTrade has 10,000+. The minimum deposit is Typical at Forex.com and $30 at WellsTrade.
| Feature | Forex.com | WellsTrade |
|---|---|---|
| Min. Deposit | Typical | $30 |
| Regulation | Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA) | Unregulated |
| Founded | 2001 | 2008 |
| Country | United States | United States |
| Clients | 150,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Forex.com and WellsTrade, directly affecting your bottom line as a trader. WellsTrade has a lower barrier to entry with a minimum deposit of $30 (vs Typical at Forex.com). Forex.com charges withdrawal fees while WellsTrade does not, a notable advantage for frequent withdrawers. Forex.com applies inactivity fees on dormant accounts; WellsTrade does not. Forex.com charges deposit fees; WellsTrade does not. Overall, WellsTrade scores higher on fees in our assessment.
| Feature | Forex.com | WellsTrade |
|---|---|---|
| Min. Deposit | Typical | $30 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
Forex.com offers MT4, MT5, cTrader, while WellsTrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Forex.com supports social and copy trading features, which WellsTrade does not offer. The two brokers are closely matched on platform offering.
| Feature | Forex.com | 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, WebTrader, Advantage Trader Pro, TradingView, Tablet and 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 Forex.com and WellsTrade compare. Forex.com runs regular live webinars; WellsTrade does not. Forex.com has a video library; WellsTrade does not. Forex.com publishes daily market commentary; WellsTrade does not. Forex.com integrates third-party research tools (Trading Central); WellsTrade does not. Forex.com maintains an archive of past webinars for on-demand viewing. Forex.com scores higher overall in education and research.
| Feature | Forex.com | 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. Forex.com accepts 3 of the tracked payment methods (bank transfer, credit/debit card, PayPal), while WellsTrade supports 2 (bank transfer, credit/debit card). Forex.com uniquely supports PayPal among the two brokers. Forex.com scores higher on deposit and withdrawal flexibility.
| Feature | Forex.com | WellsTrade |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | 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 Forex.com and WellsTrade offer live chat support. Both provide phone support. Email support is available at both brokers. Forex.com supports 3 languages and WellsTrade supports 2, giving Forex.com broader global reach. Both brokers are comparable on support quality.
| Feature | Forex.com | WellsTrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Chinese, Arabic | English, and Chinese |