fxdd
WellsTrade
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Overview
fxdd was founded in 2010 and is headquartered in Belize, while WellsTrade was established in 2008 and is based in United States. fxdd holds licences including Malta Financial Services Authority MFSA IS/48817. Financial Services Commission, while WellsTrade is regulated by Unregulated among others. fxdd serves 14,000,000+ clients worldwide; WellsTrade has 10,000+. The minimum deposit is $250 at fxdd and $30 at WellsTrade.
| Feature | fxdd | WellsTrade |
|---|---|---|
| Min. Deposit | $250 | $30 |
| Regulation | Malta Financial Services Authority MFSA IS/48817. Financial Services Commission, Mauritius. License Number C117017252 | Unregulated |
| Founded | 2010 | 2008 |
| Country | Belize | United States |
| Clients | 14,000,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between fxdd and WellsTrade, directly affecting your bottom line as a trader. fxdd has a lower barrier to entry with a minimum deposit of $250 (vs $30 at WellsTrade). Neither broker charges withdrawal fees. Overall, WellsTrade scores higher on fees in our assessment.
| Feature | fxdd | WellsTrade |
|---|---|---|
| Min. Deposit | $250 | $30 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
fxdd offers MT4, MT5, cTrader, while WellsTrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. fxdd supports social and copy trading features, which WellsTrade does not offer. The two brokers are closely matched on platform offering.
| Feature | fxdd | 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, ZuluTrade, Web Trader, cTrader, 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 fxdd and WellsTrade compare. fxdd runs regular live webinars; WellsTrade does not. fxdd has a video library; WellsTrade does not. fxdd publishes daily market commentary; WellsTrade does not. fxdd integrates third-party research tools (Trading Central, Autochartist); WellsTrade does not. fxdd maintains an archive of past webinars for on-demand viewing. fxdd scores higher overall in education and research.
| Feature | fxdd | WellsTrade |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. fxdd accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while WellsTrade supports 2 (bank transfer, credit/debit card). fxdd uniquely supports PayPal and Skrill and Neteller among the two brokers. fxdd scores higher on deposit and withdrawal flexibility.
| Feature | fxdd | WellsTrade |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | 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 fxdd and WellsTrade offer live chat support. Both provide phone support. Email support is available at both brokers. fxdd supports 8 languages and WellsTrade supports 2, giving fxdd broader global reach. Both brokers are comparable on support quality.
| Feature | fxdd | WellsTrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, and Chinese |