FxPro
WellsTrade
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Overview
FxPro was founded in 2006 and is headquartered in UK, while WellsTrade was established in 2008 and is based in United States. FxPro holds licences including Financial Conduct Authority (FCA), while WellsTrade is regulated by Unregulated among others. FxPro serves 10,000+ clients worldwide; WellsTrade has 10,000+. The minimum deposit is $100 at FxPro and $30 at WellsTrade.
| Feature | FxPro | WellsTrade |
|---|---|---|
| Min. Deposit | $100 | $30 |
| Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of The Bahamas (SCB), Dubai Financial Services Authority (DFSA) | Unregulated |
| Founded | 2006 | 2008 |
| Country | UK | United States |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between FxPro and WellsTrade, directly affecting your bottom line as a trader. FxPro has a lower barrier to entry with a minimum deposit of $100 (vs $30 at WellsTrade). Neither broker charges withdrawal fees. FxPro applies inactivity fees on dormant accounts; WellsTrade does not. Overall, WellsTrade scores higher on fees in our assessment.
| Feature | FxPro | WellsTrade |
|---|---|---|
| Min. Deposit | $100 | $30 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
FxPro offers MT4, MT5, cTrader, while WellsTrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. FxPro supports social and copy trading features, which WellsTrade does not offer. The two brokers are closely matched on platform offering.
| Feature | FxPro | 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, 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 FxPro and WellsTrade compare. FxPro runs regular live webinars; WellsTrade does not. FxPro has a video library; WellsTrade does not. FxPro publishes daily market commentary; WellsTrade does not. FxPro integrates third-party research tools (Trading Central); WellsTrade does not. FxPro maintains an archive of past webinars for on-demand viewing. FxPro scores higher overall in education and research.
| Feature | FxPro | 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. FxPro accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while WellsTrade supports 2 (bank transfer, credit/debit card). FxPro uniquely supports PayPal and Skrill and Neteller among the two brokers. FxPro scores higher on deposit and withdrawal flexibility.
| Feature | FxPro | 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 FxPro and WellsTrade offer live chat support. Both provide phone support. Email support is available at both brokers. FxPro supports 15 languages and WellsTrade supports 2, giving FxPro broader global reach. Both brokers are comparable on support quality.
| Feature | FxPro | WellsTrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | Arabic, Chinese, English, French, German, Hungarian, Indonesian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, and Vietnamese | English, and Chinese |