IG
WellsTrade
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Overview
IG was founded in 1974 and is headquartered in UK, while WellsTrade was established in 2008 and is based in United States. IG holds licences including Financial Conduct Authority (FCA), while WellsTrade is regulated by Unregulated among others. IG serves 178,500+ clients worldwide; WellsTrade has 10,000+. The minimum deposit is $200 at IG and $30 at WellsTrade.
| Feature | IG | WellsTrade |
|---|---|---|
| Min. Deposit | $200 | $30 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) | Unregulated |
| Founded | 1974 | 2008 |
| Country | UK | United States |
| Clients | 178,500+ | 10,000+ |
Fees
Fees are a critical factor when choosing between IG and WellsTrade, directly affecting your bottom line as a trader. IG has a lower barrier to entry with a minimum deposit of $200 (vs $30 at WellsTrade). Neither broker charges withdrawal fees. Overall, WellsTrade scores higher on fees in our assessment.
| Feature | IG | WellsTrade |
|---|---|---|
| Min. Deposit | $200 | $30 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
IG offers MT4, MT5, cTrader, while WellsTrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. IG supports social and copy trading features, which WellsTrade does not offer. The two brokers are closely matched on platform offering.
| Feature | IG | 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, Mac, Web Trader, L2 Dealer, 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 IG and WellsTrade compare. IG runs regular live webinars; WellsTrade does not. IG has a video library; WellsTrade does not. IG publishes daily market commentary; WellsTrade does not. IG integrates third-party research tools (Trading Central); WellsTrade does not. IG maintains an archive of past webinars for on-demand viewing. IG scores higher overall in education and research.
| Feature | IG | 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. IG accepts 3 of the tracked payment methods (bank transfer, credit/debit card, PayPal), while WellsTrade supports 2 (bank transfer, credit/debit card). IG uniquely supports PayPal among the two brokers. IG scores higher on deposit and withdrawal flexibility.
| Feature | IG | WellsTrade |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | 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 IG and WellsTrade offer live chat support. Both provide phone support. Email support is available at both brokers. IG supports 5 languages and WellsTrade supports 2, giving IG broader global reach. Both brokers are comparable on support quality.
| Feature | IG | WellsTrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, French, German, Spanish, and Portuguese | English, and Chinese |