WellsTrade
World Forex Review
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Overview
WellsTrade was founded in 2008 and is headquartered in United States, while World Forex Review was established in 2008 and is based in Vanuatu. WellsTrade holds licences including Unregulated, while World Forex Review is regulated by Vanuatu Financial Services Commission (VFSC) among others. WellsTrade serves 10,000+ clients worldwide; World Forex Review has 10,000+. The minimum deposit is $30 at WellsTrade and $100 at World Forex Review.
| Feature | WellsTrade | World Forex Review |
|---|---|---|
| Min. Deposit | $30 | $100 |
| Regulation | Unregulated | Vanuatu Financial Services Commission (VFSC) |
| Founded | 2008 | 2008 |
| Country | United States | Vanuatu |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between WellsTrade and World Forex Review, directly affecting your bottom line as a trader. World Forex Review has a lower barrier to entry with a minimum deposit of $100 (vs $30 at WellsTrade). World Forex Review charges withdrawal fees while WellsTrade does not, giving WellsTrade an edge for frequent withdrawers. World Forex Review charges deposit fees; WellsTrade does not. Overall, WellsTrade scores higher on fees in our assessment.
| Feature | WellsTrade | World Forex Review |
|---|---|---|
| Min. Deposit | $30 | $100 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
WellsTrade offers MT4, MT5, cTrader, while World Forex Review supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. The two brokers are closely matched on platform offering.
| Feature | WellsTrade | World Forex Review |
|---|---|---|
| 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 | Android Apps,iPhone/iPad,Desktop |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how WellsTrade and World Forex Review compare. World Forex Review runs regular live webinars; WellsTrade does not. World Forex Review has a video library; WellsTrade does not. World Forex Review publishes daily market commentary; WellsTrade does not. World Forex Review integrates third-party research tools (Trading Central, Autochartist); WellsTrade does not. World Forex Review maintains an archive of past webinars for on-demand viewing. World Forex Review scores higher overall in education and research.
| Feature | WellsTrade | World Forex Review |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | Yes |
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 World Forex Review supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | WellsTrade | World Forex Review |
|---|---|---|
| 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 World Forex Review 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 | World Forex Review |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |