Ingot Brokers
WellsTrade
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Overview
Ingot Brokers was founded in 2004 and is headquartered in Australia, while WellsTrade was established in 2008 and is based in United States. Ingot Brokers holds licences including Australian Securities and Investment Commission (ASIC), while WellsTrade is regulated by Unregulated among others. Ingot Brokers serves 10,000+ clients worldwide; WellsTrade has 10,000+. The minimum deposit is $1000 at Ingot Brokers and $30 at WellsTrade.
| Feature | Ingot Brokers | WellsTrade |
|---|---|---|
| Min. Deposit | $1000 | $30 |
| Regulation | Australian Securities and Investment Commission (ASIC) | Unregulated |
| Founded | 2004 | 2008 |
| Country | Australia | United States |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Ingot Brokers and WellsTrade, directly affecting your bottom line as a trader. Ingot Brokers has a lower barrier to entry with a minimum deposit of $1000 (vs $30 at WellsTrade). Neither broker charges withdrawal fees. Ingot Brokers applies inactivity fees on dormant accounts; WellsTrade does not. Overall, WellsTrade scores higher on fees in our assessment.
| Feature | Ingot Brokers | WellsTrade |
|---|---|---|
| Min. Deposit | $1000 | $30 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
Ingot Brokers offers MT4, MT5, cTrader, while WellsTrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. The two brokers are closely matched on platform offering.
| Feature | Ingot Brokers | 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, 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 Ingot Brokers and WellsTrade compare. Ingot Brokers has a video library; WellsTrade does not. Ingot Brokers integrates third-party research tools (Autochartist); WellsTrade does not. Ingot Brokers scores higher overall in education and research.
| Feature | Ingot Brokers | WellsTrade |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Ingot Brokers accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while WellsTrade supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Ingot Brokers | WellsTrade |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | 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 Ingot Brokers and WellsTrade offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | Ingot Brokers | WellsTrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |