WellsTrade
WIT Invest
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
WellsTrade was founded in 2008 and is headquartered in United States, while WIT Invest was established in 2008 and is based in Saint Vincent and the Grenadines. Both brokers are regulated by Unregulated, among other authorities. WellsTrade serves 10,000+ clients worldwide; WIT Invest has 10,000+. The minimum deposit is $30 at WellsTrade and $100 at WIT Invest.
| Feature | WellsTrade | WIT Invest |
|---|---|---|
| Min. Deposit | $30 | $100 |
| Regulation | Unregulated | Unregulated |
| Founded | 2008 | 2008 |
| Country | United States | Saint Vincent and the Grenadines |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between WellsTrade and WIT Invest, directly affecting your bottom line as a trader. WIT Invest has a lower barrier to entry with a minimum deposit of $100 (vs $30 at WellsTrade). Neither broker charges withdrawal fees. WIT Invest charges deposit fees; WellsTrade does not. Overall, WellsTrade scores higher on fees in our assessment.
| Feature | WellsTrade | WIT Invest |
|---|---|---|
| Min. Deposit | $30 | $100 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
WellsTrade offers MT4, MT5, cTrader, while WIT Invest supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. WIT Invest supports social and copy trading features, which WellsTrade does not offer. The two brokers are closely matched on platform offering.
| Feature | WellsTrade | WIT Invest |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | iPhone,Tablet,Mac,Android,WEB | Desktop, Tablet & Mobile apps,Mac |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how WellsTrade and WIT Invest compare. WIT Invest runs regular live webinars; WellsTrade does not. WIT Invest has a video library; WellsTrade does not. WIT Invest publishes daily market commentary; WellsTrade does not. WIT Invest integrates third-party research tools (Trading Central); WellsTrade does not. WIT Invest maintains an archive of past webinars for on-demand viewing. WIT Invest scores higher overall in education and research.
| Feature | WellsTrade | WIT Invest |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. WellsTrade accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while WIT Invest supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | WellsTrade | WIT Invest |
|---|---|---|
| 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 WellsTrade and WIT Invest 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 | WellsTrade | WIT Invest |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |