huobi
WellsTrade
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Overview
huobi was founded in 2013 and is headquartered in China, while WellsTrade was established in 2008 and is based in United States. huobi holds licences including Financial Conduct Authority (FCA), while WellsTrade is regulated by Unregulated among others. huobi serves 10,000+ clients worldwide; WellsTrade has 10,000+. The minimum deposit is $250 at huobi and $30 at WellsTrade.
| Feature | huobi | WellsTrade |
|---|---|---|
| Min. Deposit | $250 | $30 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F257 | Unregulated |
| Founded | 2013 | 2008 |
| Country | China | United States |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between huobi and WellsTrade, directly affecting your bottom line as a trader. huobi 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 | huobi | WellsTrade |
|---|---|---|
| Min. Deposit | $250 | $30 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
huobi offers MT4, MT5, cTrader, a proprietary platform, while WellsTrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. huobi supports social and copy trading features, which WellsTrade does not offer. huobi edges ahead on platform breadth and functionality in our scoring.
| Feature | huobi | 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 huobi and WellsTrade compare. huobi runs regular live webinars; WellsTrade does not. huobi has a video library; WellsTrade does not. huobi publishes daily market commentary; WellsTrade does not. huobi integrates third-party research tools (Trading Central, Autochartist); WellsTrade does not. huobi maintains an archive of past webinars for on-demand viewing. huobi scores higher overall in education and research.
| Feature | huobi | 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. huobi accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while WellsTrade supports 2 (bank transfer, credit/debit card). huobi uniquely supports PayPal and Skrill and Neteller among the two brokers. huobi scores higher on deposit and withdrawal flexibility.
| Feature | huobi | 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 huobi and WellsTrade offer live chat support. Both provide phone support. Email support is available at both brokers. huobi supports 8 languages and WellsTrade supports 2, giving huobi broader global reach. Both brokers are comparable on support quality.
| Feature | huobi | 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 |