FreshForex
WellsTrade
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Overview
FreshForex was founded in 2004 and is headquartered in Russia, while WellsTrade was established in 2008 and is based in United States. FreshForex holds licences including SVGFSA 20623 IBC 2012, while WellsTrade is regulated by Unregulated among others. FreshForex serves 710,000+ clients worldwide; WellsTrade has 10,000+. The minimum deposit is $1 at FreshForex and $30 at WellsTrade.
| Feature | FreshForex | WellsTrade |
|---|---|---|
| Min. Deposit | $1 | $30 |
| Regulation | SVGFSA 20623 IBC 2012 | Unregulated |
| Founded | 2004 | 2008 |
| Country | Russia | United States |
| Clients | 710,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between FreshForex and WellsTrade, directly affecting your bottom line as a trader. FreshForex 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 | FreshForex | WellsTrade |
|---|---|---|
| Min. Deposit | $1 | $30 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
FreshForex offers MT4, MT5, a proprietary platform, while WellsTrade supports MT4, MT5, cTrader. FreshForex supports social and copy trading features, which WellsTrade does not offer. WellsTrade edges ahead on platform breadth and functionality in our scoring.
| Feature | FreshForex | WellsTrade |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | No | Yes |
| Windows App | Yes | Yes |
| iOS App | No | Yes |
| Android App | No | Yes |
| Trading Platforms | MT4, MT5, Windows, MAC, Linux | iPhone,Tablet,Mac,Android,WEB |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how FreshForex and WellsTrade compare. FreshForex runs regular live webinars; WellsTrade does not. FreshForex has a video library; WellsTrade does not. FreshForex publishes daily market commentary; WellsTrade does not. FreshForex maintains an archive of past webinars for on-demand viewing. FreshForex scores higher overall in education and research.
| Feature | FreshForex | WellsTrade |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | 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. FreshForex accepts 4 of the tracked payment methods (bank transfer, credit/debit card, Skrill, Neteller), while WellsTrade supports 2 (bank transfer, credit/debit card). FreshForex uniquely supports Skrill and Neteller among the two brokers. FreshForex scores higher on deposit and withdrawal flexibility.
| Feature | FreshForex | WellsTrade |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | Yes | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both FreshForex and WellsTrade offer live chat support. Both provide phone support. Email support is available at both brokers. FreshForex supports 1 language and WellsTrade supports 2, giving WellsTrade broader global reach. Both brokers are comparable on support quality.
| Feature | FreshForex | WellsTrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English | English, and Chinese |