selftrade
WellsTrade
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Overview
selftrade was founded in 2013 and is headquartered in Australia, while WellsTrade was established in 2008 and is based in United States. selftrade holds licences including Financial Conduct Authority (FCA), while WellsTrade is regulated by Unregulated among others. selftrade serves 14,000,000+ clients worldwide; WellsTrade has 10,000+. The minimum deposit is $250 at selftrade and $30 at WellsTrade.
| Feature | selftrade | 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-F304 | Unregulated |
| Founded | 2013 | 2008 |
| Country | Australia | United States |
| Clients | 14,000,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between selftrade and WellsTrade, directly affecting your bottom line as a trader. selftrade has a lower barrier to entry with a minimum deposit of $250 (vs $30 at WellsTrade). selftrade charges withdrawal fees while WellsTrade does not, a notable advantage for frequent withdrawers. selftrade charges deposit fees; WellsTrade does not. Overall, WellsTrade scores higher on fees in our assessment.
| Feature | selftrade | WellsTrade |
|---|---|---|
| Min. Deposit | $250 | $30 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
selftrade offers MT4, MT5, cTrader, while WellsTrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. selftrade supports social and copy trading features, which WellsTrade does not offer. The two brokers are closely matched on platform offering.
| Feature | selftrade | 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 selftrade and WellsTrade compare. selftrade has a video library; WellsTrade does not. selftrade integrates third-party research tools (Autochartist); WellsTrade does not. selftrade scores higher overall in education and research.
| Feature | selftrade | 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. selftrade accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while WellsTrade supports 2 (bank transfer, credit/debit card). selftrade uniquely supports PayPal and Skrill and Neteller among the two brokers. selftrade scores higher on deposit and withdrawal flexibility.
| Feature | selftrade | 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 selftrade and WellsTrade offer live chat support. Both provide phone support. Email support is available at both brokers. selftrade supports 8 languages and WellsTrade supports 2, giving selftrade broader global reach. Both brokers are comparable on support quality.
| Feature | selftrade | 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 |