WellsTrade
XGLOBAL Markets
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 XGLOBAL Markets was established in 2008 and is based in Cyprus. WellsTrade holds licences including Unregulated, while XGLOBAL Markets is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. WellsTrade serves 10,000+ clients worldwide; XGLOBAL Markets has 10,000+. The minimum deposit is $30 at WellsTrade and $500 at XGLOBAL Markets.
| Feature | WellsTrade | XGLOBAL Markets |
|---|---|---|
| Min. Deposit | $30 | $500 |
| Regulation | Unregulated | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2008 | 2008 |
| Country | United States | Cyprus |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between WellsTrade and XGLOBAL Markets, directly affecting your bottom line as a trader. WellsTrade has a lower barrier to entry with a minimum deposit of $30 (vs $500 at XGLOBAL Markets). XGLOBAL Markets charges withdrawal fees while WellsTrade does not, giving WellsTrade an edge for frequent withdrawers. XGLOBAL Markets charges deposit fees; WellsTrade does not. Overall, WellsTrade scores higher on fees in our assessment.
| Feature | WellsTrade | XGLOBAL Markets |
|---|---|---|
| Min. Deposit | $30 | $500 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
WellsTrade offers MT4, MT5, cTrader, while XGLOBAL Markets 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 | XGLOBAL Markets |
|---|---|---|
| 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,iOS,Android |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how WellsTrade and XGLOBAL Markets compare. XGLOBAL Markets has a video library; WellsTrade does not. XGLOBAL Markets integrates third-party research tools (Autochartist); WellsTrade does not. XGLOBAL Markets scores higher overall in education and research.
| Feature | WellsTrade | XGLOBAL Markets |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| 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 XGLOBAL Markets supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | WellsTrade | XGLOBAL Markets |
|---|---|---|
| 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 XGLOBAL Markets 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 | XGLOBAL Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |