Roboforex
WellsTrade
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Overview
Roboforex was founded in 2009 and is headquartered in Belize, while WellsTrade was established in 2008 and is based in United States. Roboforex holds licences including RoboForex Ltd is a financial brokerage company regulated by the FSC, while WellsTrade is regulated by Unregulated among others. Roboforex serves 10,000+ clients worldwide; WellsTrade has 10,000+. The minimum deposit is $1 at Roboforex and $30 at WellsTrade.
| Feature | Roboforex | WellsTrade |
|---|---|---|
| Min. Deposit | $1 | $30 |
| Regulation | RoboForex Ltd is a financial brokerage company regulated by the FSC, license No. 000138/437, reg. number 128.572. Address: 2118 Guava Street, Belama Phase 1, Belize City, Belize. | Unregulated |
| Founded | 2009 | 2008 |
| Country | Belize | United States |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Roboforex and WellsTrade, directly affecting your bottom line as a trader. Roboforex has a lower barrier to entry with a minimum deposit of $1 (vs $30 at WellsTrade). Roboforex charges withdrawal fees while WellsTrade does not, a notable advantage for frequent withdrawers. The two brokers are broadly comparable on fee structure.
| Feature | Roboforex | WellsTrade |
|---|---|---|
| Min. Deposit | $1 | $30 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Roboforex offers MT4, MT5, cTrader, a proprietary platform, while WellsTrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Roboforex supports social and copy trading features, which WellsTrade does not offer. Roboforex edges ahead on platform breadth and functionality in our scoring.
| Feature | Roboforex | 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, 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 Roboforex and WellsTrade compare. Roboforex runs regular live webinars; WellsTrade does not. Roboforex has a video library; WellsTrade does not. Roboforex publishes daily market commentary; WellsTrade does not. Roboforex integrates third-party research tools (Trading Central); WellsTrade does not. Roboforex maintains an archive of past webinars for on-demand viewing. Roboforex scores higher overall in education and research.
| Feature | Roboforex | 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. Roboforex accepts 3 of the tracked payment methods (bank transfer, credit/debit card, Neteller), while WellsTrade supports 2 (bank transfer, credit/debit card). Roboforex uniquely supports Neteller among the two brokers. Roboforex scores higher on deposit and withdrawal flexibility.
| Feature | Roboforex | WellsTrade |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | 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 Roboforex and WellsTrade offer live chat support. Both provide phone support. Email support is available at both brokers. Roboforex supports 13 languages and WellsTrade supports 2, giving Roboforex broader global reach. Both brokers are comparable on support quality.
| Feature | Roboforex | WellsTrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian | English, and Chinese |