SpreadCo
WellsTrade
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Overview
SpreadCo was founded in 2005 and is headquartered in London, while WellsTrade was established in 2008 and is based in United States. SpreadCo holds licences including Financial Conduct Authority (FCA), while WellsTrade is regulated by Unregulated among others. SpreadCo serves 10,000+ clients worldwide; WellsTrade has 10,000+. The minimum deposit is $100 at SpreadCo and $30 at WellsTrade.
| Feature | SpreadCo | WellsTrade |
|---|---|---|
| Min. Deposit | $100 | $30 |
| Regulation | Financial Conduct Authority (FCA) | Unregulated |
| Founded | 2005 | 2008 |
| Country | London | United States |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between SpreadCo and WellsTrade, directly affecting your bottom line as a trader. SpreadCo has a lower barrier to entry with a minimum deposit of $100 (vs $30 at WellsTrade). SpreadCo charges withdrawal fees while WellsTrade does not, a notable advantage for frequent withdrawers. SpreadCo charges deposit fees; WellsTrade does not. Overall, WellsTrade scores higher on fees in our assessment.
| Feature | SpreadCo | WellsTrade |
|---|---|---|
| Min. Deposit | $100 | $30 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
SpreadCo offers MT4, MT5, cTrader, while WellsTrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. SpreadCo supports social and copy trading features, which WellsTrade does not offer. The two brokers are closely matched on platform offering.
| Feature | SpreadCo | WellsTrade |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Web Trader, 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 SpreadCo and WellsTrade compare. SpreadCo has a video library; WellsTrade does not. SpreadCo integrates third-party research tools (Autochartist); WellsTrade does not. SpreadCo scores higher overall in education and research.
| Feature | SpreadCo | 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. SpreadCo 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 | SpreadCo | 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 SpreadCo 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 | SpreadCo | WellsTrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |