WellsTrade Alternatives: Pros & Cons for 2024
This alternatives to WellsTrade guide has been updated for 2024 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about the alternatives to WellsTrade to make sure you have as much information as possible to make an informed decision.
There are a lot of good alternatives to WellsTrade like Startrader, freetrade, and easyMarkets. They all provide the same, if not more, features to their clients. If you feel that WellsTrade is not quite right for you then it would be worth getting a demo account with a range of the top WellsTrade alternatives and ensuring that they are a better fit for you before moving any money around.
The most complete guide to WellsTrade alternatives on the internet
There's many reasons WellsTrade may not be a good fit for your trading needs. Whatever reason you are looking for a better WellsTrade alternative or WellsTrade competitor with similar services, we try to give you as much helpful information so you can make an informed decision. Below you can discover the top WellsTrade alternatives.
For each of our alternative to WellsTrade, we also highlight the key differences to WellsTrade and for each section show you the best alternatives. For every WellsTrade alternative online broker listed we also have detailed trading platform reviews and guides that you can easily click to view elsewhere on comparebrokers.org, all based on hundreds of datapoints collected and reviewed by experts. If you are unhappy with WellsTrade, discover some great alternative brokeragesbrokers|online trading platforms|brokerages.
Trading with a professional and dependable online broker is crucial to your trading success. All of the WellsTrade alternative brokers listed in this WellsTrade alternatives guide have good reputations and fit what you are looking for.
Alternatives With Lower Minimum Deposit
WellsTrade has a minimum desposit of $30, you should check how the minimum deposit requirements of WellsTrade compare with the minimum deposit requirements of WellsTrade competitors. Brokers offer lower minimum deposits to get traders to test them out, but having higher a minimum deposit isn’t necessarily a bad thing, it all comes down to your individual trading needs.
| Broker | Minimum Deposit | Find Out More |
|---|---|---|
|
WellsTrade |
$30 | |
| freetrade |
$0 | |
| easyMarkets |
$100 | |
| Uphold |
$1 | |
| instaforex |
$250 |
Alternatives Offering Demo Accounts
WellsTrade offers virtual portfolio accounts so you can learn their systems before risking any real money. Inexperienced traders can open a demo account in order to become better acquainted with the aspects of Forex trading and test out some of the company’s features before getting a live account.
Below we list some of the best alternatives to WellsTrade that have demo accounts.
| Broker | Offers Demo Account? | Find Out More |
|---|---|---|
|
WellsTrade |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
Yes |
|
Alternatives Offering Negative Balance Protection
WellsTrade offers negative balance protection. It is specially offered when the market volatility keeps clients from allowing their accounts go into the red. In a situation like this, WellsTrade offers the ability to reset a customers account balance to zero.
You should go through the important terms and conditions on WellsTrade's site to understand their policies.
Below we list some of the best alternatives to WellsTrade that has negative balance protection.
| Broker | Offers Negative Balance Protection? | Find Out More |
|---|---|---|
|
WellsTrade |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| Uphold |
Yes |
Alternatives Offering Guaranteed Stop Loss
WellsTrade provide a guaranteed Stop Loss facility.
When there is no free margin left together with the client, WellsTrade will stop your positions. When the losses in the stopped out location exceeds your account balance, you may encounter a negative account balance.
Below we list some of the top WellsTrade alternatives that has guaranteed stop loss available for their users.
| Broker | Offers Guaranteed Stop Loss? | Find Out More |
|---|---|---|
|
WellsTrade |
Yes | |
| easyMarkets |
Yes | |
| Uphold |
Yes | |
| instaforex |
Yes | |
| FreshForex |
Yes |
Alternatives Offering Scalping
WellsTrade do allow scalping. Many traders across the world choose WellsTrade for their scalping services. They offer trading on iPhone,Tablet,Mac,Android,WEB which let this.
Below we list some of the best alternatives to WellsTrade that offer scalping functionality to their clients.
| Broker | Offers Scalping? | Find Out More |
|---|---|---|
|
WellsTrade |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Hedging
WellsTrade do permit hedging. Many traders across the world select WellsTrade due to their hedging services. They offer trading on iPhone,Tablet,Mac,Android,WEB.
Below we detail some of the best alternatives to WellsTrade that allow hedging services to their customer base.
| Broker | Offers Hedging? | Find Out More |
|---|---|---|
|
WellsTrade |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Social Trading
Unfortunately, WellsTrade does not offer social trading.
Below we show some of the best WellsTrade alternatives that allow social trading capabilities.
| Broker | Offers Social Trading? | Find Out More |
|---|---|---|
|
WellsTrade |
No | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Copy Trading
Regretably, WellsTrade does not offer copy trading.
Below we list some of the best alternatives to WellsTrade that have copy trading to their clients
| Broker | Offers Copy Trading? | Find Out More |
|---|---|---|
|
WellsTrade |
No | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Compare WellsTrade To All Other Brokers