Traders Trust
WellsTrade
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Overview
Traders Trust was founded in 1998 and is headquartered in Cyprus, while WellsTrade was established in 2008 and is based in United States. Traders Trust holds licences including Financial Conduct Authority (FCA), while WellsTrade is regulated by Unregulated among others. Traders Trust serves 10,000+ clients worldwide; WellsTrade has 10,000+. The minimum deposit is $100 at Traders Trust and $30 at WellsTrade.
| Feature | Traders Trust | WellsTrade |
|---|---|---|
| Min. Deposit | $100 | $30 |
| Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), The Federal Financial Supervisory Authority Bundesanstalt f├ó╦å┼í├é┬║r Finanzdienstleistungsaufsicht (BaFin), The National Securities Market Commission (CNMV), The Commissione Nazionale per le Societ├ó╦å┼í├óÔé¼┬á e la Borsa (CONSOB), Finansinspektionen (FI), Netherlands Authority for the Financial Markets (AFM), Financial Services Authority (FSA) | Unregulated |
| Founded | 1998 | 2008 |
| Country | Cyprus | United States |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Traders Trust and WellsTrade, directly affecting your bottom line as a trader. Traders Trust has a lower barrier to entry with a minimum deposit of $100 (vs $30 at WellsTrade). Neither broker charges withdrawal fees. Traders Trust applies inactivity fees on dormant accounts; WellsTrade does not. Overall, WellsTrade scores higher on fees in our assessment.
| Feature | Traders Trust | WellsTrade |
|---|---|---|
| Min. Deposit | $100 | $30 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Traders Trust offers MT4, MT5, cTrader, while WellsTrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Traders Trust supports social and copy trading features, which WellsTrade does not offer. The two brokers are closely matched on platform offering.
| Feature | Traders Trust | 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, 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 Traders Trust and WellsTrade compare. Traders Trust runs regular live webinars; WellsTrade does not. Traders Trust has a video library; WellsTrade does not. Traders Trust publishes daily market commentary; WellsTrade does not. Traders Trust integrates third-party research tools (Trading Central, Autochartist); WellsTrade does not. Traders Trust maintains an archive of past webinars for on-demand viewing. Traders Trust scores higher overall in education and research.
| Feature | Traders Trust | WellsTrade |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Traders Trust 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 | Traders Trust | 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 Traders Trust 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 | Traders Trust | WellsTrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |