Uphold
WellsTrade
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Overview
Uphold was founded in 2013 and is headquartered in United States, while WellsTrade was established in 2008 and is based in United States. Uphold holds licences including FCA and FINCEN: Uphold Europe Limited, while WellsTrade is regulated by Unregulated among others. Uphold serves 4,000,000+ clients worldwide; WellsTrade has 10,000+. The minimum deposit is $1 at Uphold and $30 at WellsTrade.
| Feature | Uphold | WellsTrade |
|---|---|---|
| Min. Deposit | $1 | $30 |
| Regulation | FCA and FINCEN: Uphold Europe Limited, Reg No. 09281410. Uphold HQ Inc. NMLS ID No. 1269875 | Unregulated |
| Founded | 2013 | 2008 |
| Country | United States | United States |
| Clients | 4,000,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Uphold and WellsTrade, directly affecting your bottom line as a trader. Uphold has a lower barrier to entry with a minimum deposit of $1 (vs $30 at WellsTrade). Neither broker charges withdrawal fees. The two brokers are broadly comparable on fee structure.
| Feature | Uphold | WellsTrade |
|---|---|---|
| Min. Deposit | $1 | $30 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Uphold offers a proprietary platform, while WellsTrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. WellsTrade edges ahead on platform breadth and functionality in our scoring.
| Feature | Uphold | WellsTrade |
|---|---|---|
| MT4 | No | Yes |
| MT5 | No | Yes |
| cTrader | No | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Web, Desktop & 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 Uphold and WellsTrade compare. Uphold runs regular live webinars; WellsTrade does not. Uphold has a video library; WellsTrade does not. Uphold maintains an archive of past webinars for on-demand viewing. Uphold scores higher overall in education and research.
| Feature | Uphold | WellsTrade |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | No |
| Weekly Webinars | Yes | 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. Uphold 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 | Uphold | 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 Uphold and WellsTrade offer live chat support. WellsTrade offers phone support; Uphold does not. Email support is available at both brokers. Uphold supports 1 language and WellsTrade supports 2, giving WellsTrade broader global reach. WellsTrade scores higher overall on customer support in our assessment.
| Feature | Uphold | WellsTrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | No | Yes |
| Email Support | Yes | Yes |
| Languages | English | English, and Chinese |