WellsTrade
Xtrade
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Overview
WellsTrade was founded in 2008 and is headquartered in United States, while Xtrade was established in 2003 and is based in Australia. WellsTrade holds licences including Unregulated, while Xtrade is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. WellsTrade serves 10,000+ clients worldwide; Xtrade has 10,000+. The minimum deposit is $30 at WellsTrade and $1 at Xtrade.
| Feature | WellsTrade | Xtrade |
|---|---|---|
| Min. Deposit | $30 | $1 |
| Regulation | Unregulated | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2008 | 2003 |
| Country | United States | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between WellsTrade and Xtrade, directly affecting your bottom line as a trader. Xtrade has a lower barrier to entry with a minimum deposit of $1 (vs $30 at WellsTrade). Neither broker charges withdrawal fees. Xtrade charges deposit fees; WellsTrade does not. The two brokers are broadly comparable on fee structure.
| Feature | WellsTrade | Xtrade |
|---|---|---|
| Min. Deposit | $30 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
WellsTrade offers MT4, MT5, cTrader, while Xtrade 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 | Xtrade |
|---|---|---|
| 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 | Not available |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how WellsTrade and Xtrade compare. The two brokers are evenly matched on educational content.
| Feature | WellsTrade | Xtrade |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | No |
| Weekly Webinars | No | 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. WellsTrade uniquely supports bank transfer and credit/debit card among the two brokers. WellsTrade scores higher on deposit and withdrawal flexibility.
| Feature | WellsTrade | Xtrade |
|---|---|---|
| Bank Transfer | Yes | Not available |
| Credit Card | Yes | Not available |
| PayPal | No | Not available |
| Skrill | No | Not available |
| Neteller | No | Not available |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both WellsTrade and Xtrade offer live chat support. Both provide phone support. Email support is available at both brokers. WellsTrade offers multilingual support. Both brokers are comparable on support quality.
| Feature | WellsTrade | Xtrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | Not available |