Forex EE
WellsTrade
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Overview
Forex EE was founded in 2008 and is headquartered in Grenadines, while WellsTrade was established in 2008 and is based in United States. Forex EE holds licences including Ministry of Economic Affairs in Estonia, while WellsTrade is regulated by Unregulated among others. Forex EE serves 10,000+ clients worldwide; WellsTrade has 10,000+. The minimum deposit is $100 at Forex EE and $30 at WellsTrade.
| Feature | Forex EE | WellsTrade |
|---|---|---|
| Min. Deposit | $100 | $30 |
| Regulation | Ministry of Economic Affairs in Estonia | Unregulated |
| Founded | 2008 | 2008 |
| Country | Grenadines | United States |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Forex EE and WellsTrade, directly affecting your bottom line as a trader. Forex EE has a lower barrier to entry with a minimum deposit of $100 (vs $30 at WellsTrade). Forex EE charges withdrawal fees while WellsTrade does not, a notable advantage for frequent withdrawers. Overall, WellsTrade scores higher on fees in our assessment.
| Feature | Forex EE | WellsTrade |
|---|---|---|
| Min. Deposit | $100 | $30 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Forex EE offers MT5, cTrader, while WellsTrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. WellsTrade edges ahead on platform breadth and functionality in our scoring.
| Feature | Forex EE | WellsTrade |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MetaTrader 4 | 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 EE and WellsTrade compare. Forex EE has a video library; WellsTrade does not. Forex EE integrates third-party research tools (Autochartist); WellsTrade does not. Forex EE scores higher overall in education and research.
| Feature | Forex EE | WellsTrade |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Forex EE 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 | Forex EE | 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 Forex EE 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 | Forex EE | WellsTrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |