Nadex
WellsTrade
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Overview
Nadex was founded in 2008 and is headquartered in USA, while WellsTrade was established in 2008 and is based in United States. Both brokers are regulated by Unregulated, among other authorities. Nadex serves 10,000+ clients worldwide; WellsTrade has 10,000+. The minimum deposit is $250 at Nadex and $30 at WellsTrade.
| Feature | Nadex | WellsTrade |
|---|---|---|
| Min. Deposit | $250 | $30 |
| Regulation | Unregulated | Unregulated |
| Founded | 2008 | 2008 |
| Country | USA | United States |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Nadex and WellsTrade, directly affecting your bottom line as a trader. Nadex has a lower barrier to entry with a minimum deposit of $250 (vs $30 at WellsTrade). Neither broker charges withdrawal fees. Nadex applies inactivity fees on dormant accounts; WellsTrade does not. Overall, WellsTrade scores higher on fees in our assessment.
| Feature | Nadex | WellsTrade |
|---|---|---|
| Min. Deposit | $250 | $30 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
Nadex offers MT5, cTrader, while WellsTrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Nadex supports social and copy trading features, which WellsTrade does not offer. WellsTrade edges ahead on platform breadth and functionality in our scoring.
| Feature | Nadex | WellsTrade |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Web,iPad,mac,Desktop,iPhoneiOS | iPhone,Tablet,Mac,Android,WEB |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Nadex and WellsTrade compare. The two brokers are evenly matched on educational content.
| Feature | Nadex | WellsTrade |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Nadex 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 | Nadex | 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 Nadex 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 | Nadex | WellsTrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |