info@comparebrokers.org +44 207 994 644

WellsTrade Guide – Read our In-Depth WellsTrade Review

This WellsTrade review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

Please note that due to regulations, the content in this WellsTrade review does not apply to US users.

This WellsTrade review contains the most recent information about WellsTrade.

If you are a new entrant in the realm of trading and broker, so many facts will be perplexing for you. Getting into the area of trading demands expert analyzing skills and comprehensive understanding. You will acquire adept at all the concepts of broker since you continue trading. For starters, you have to select the right agent who will be clear with you constantly.

Within this fast-paced universe of stock markets and trading, you'll need guidance to make correct decisions. A professionally lead investment plan will create hefty returns. WellsTrade is one such stage that will take you and your investment into great heights. It's crucial to know about WellsTrade before you trust them with your money.

WellsTrade review

Our entire WellsTrade Review covers everything you will need to know about trading using WellsTrade. A fantastic broker can multiply your initial investments and provide you favorable profits. If you want to make profits, you must trade with a brokerage service that aligns with your investing goals.

There's absolutely no sure-fire way to ensure profits; therefore, you must carefully assess your agent before you select them. It's a frequent misconception that all brokers are exactly the same, but that's not true. Wrong judgment, initially, can set your investments in danger.

WellsTrade is a broker which has paved its way successfully to the broker world. In this review, we've attempted to collate a number of the vital facets of WellsTrade. This review can help you to understand whether WellsTrade is a fantastic match for your investments or not. We have tried to breakdown all the features and fees for your convenience.

WellsTrade Review, Table Of Contents

Who are WellsTrade?

WellsTrade is a foreign exchange broker headquartered in United States and provides a range of instruments for online trading. Since its inception in 2008, WellsTrade has emerged as a top player in the field of online broker. WellsTrade includes a highly competitive and full-featured trading site that is focused on currency, indices, metals, stocks and commodities.

Over the past 13 years, WellsTrade has grown into one of the leading online brokers.

After establishing in 2008, their customer base has become as large as 10,000+ clients.

WellsTrade is the favorite of many dealers.. Our WellsTrade review discovered that they're an excellent choice for automated trading options. They're most appropriate for investors who are looking for an assortment of assets. Social and automated trading options are the core at WellsTrade.

Technology plays a substantial role at WellsTrade. WellsTrade offers trading on iPhone,Tablet,Mac,Android,WEB. WellsTrade is fair, transparent, and also a well-regulated broker by the Unregulated. Their outstanding variety of resources will be beneficial for most traders. Third-party partnerships also supply in-house research.

The trader resource department at WellsTrade is quite enlightening for new dealers as it allows them to get a closer look in the financial markets. WellsTrade caters to all types of traders and are a must-have broker for almost any well-diversified approach to trading.

Benefits of doing online trading with WellsTrade?

Trading with WellsTrade comes with numerous advantages. These benefits are what sets WellsTrade apart from the rest of the online agents. You need to check all the benefits listed so that you have a better comprehension of WellsTrade.

The agent goes to great lengths to understand what dealers need. As a result, the service price is low, fast, and convenient. The agent also provides a number of platforms for all types of traders. WellsTrade helps to ensure that the individual needs of all traders are duly met.

WellsTrade also features excellent trading conditions which are available to just an elite class of institutional clients. The tight spreads and quick executions are a great advantage for those traders. The technology adopted by WellsTrade is among the maximum caliber, ensuring that it is fast, reliable, and efficient.

WellsTrade acknowledges the importance of owning a quick order execution. A fast implementation will allow users to exchange without worrying about slippage safely. It will also aid the dealers to grab the utmost profitable opportunities.

Automated trading is another important facet of WellsTrade. A new dealer can learn from business experts utilizing the automatic trading alternative. The tight spread starts from as low as 0.0 pips, though they are offered for just razor balances.

WellsTrade has over 254 trading tools to support all types of traders. These tools are lively and suitable for both new and experienced traders. The dealers can set aside all their concerns when trading with WellsTrade.

WellsTrade overview

Year Founded: 2008

Regulated By: Unregulated

Hedquarters: United States

Minimum Deposit: $30

Number Of Clients: 10,000+

Your capital is at risk

If you feel that WellsTrade is not right for you then at the bottom of this WellsTrade review you wil find a lot of alternatives to WellsTrade.

Everything you should know about trading using WellsTrade

WellsTrade is a dynamic platform that provides various procedures of trading online. These tools cover the financial markets substantially. The Majority of the brokerage platforms provide fewer methods than WellsTrade

If you wish to exchange with WellsTrade, you will require a minimum deposit of $30. This deposit is required if you want to start trading using WellsTrade. This 2021 WellsTrade review will direct you safely about trading with them.

WellsTrade is as versatile as any other brokerage platform. WellsTrade is great for traders who want a manageable selection of low-cost services. The platforms provided by WellsTrade are third party, white-label offerings. All traders can pick from iPhone,Tablet,Mac,Android,WEB.

Together with everything, WellsTrade has multiple benefits to new and verteran traders and should be investigated. There is no minimum time over which a transaction must be kept open. The agents offer premium customer service that rewards clients with advantages.

Many unethical brokers try to pressurise customers into bigger funding for premium services. WellsTrade, on the other hand, is much more concentrated on trading volume. Traders can expect trading conditions to be reasonable, honest and transparent. The more lots traded by the user, the more advantages will become available.

WellsTrade accounts are available all over the world and provides quality service everywhere they have clients. There are some select few countries where WellsTrade accounts are not available. Traders in the following countries cannot open or use a WellsTrade account:

Is WellsTrade Safe To Trade With?

Established in 2008, WellsTrade has been operating for 13 years, they have a head office in United States.

WellsTrade is regulated by Unregulated. These bodies have rules that mandate that trading platforms have measures in place to maintain investor's resources procured. This usually means that WellsTrade users don't need to worry about their money as it's segregated and safely stored in banks that are established. SSL encryption secures every user's personal information as well.

You can make use of a choice for 2 Factor Authentications (2FA) with WellsTrade for heightened safety. An SMS for the confirmation code will be sent to a phone. You'll be asked to enter this code to log into your account.

Another concern with fiscal brokers is in regards to safety may be manipulation of trading. This is highly disadvantageous for consumers on these platforms. However, this is more prevalent in the case of Market Maker agents who compete with customers on the platform.

Pro's & Con's Of Trading With WellsTrade

Every online trading platform will have some ups and downs, and no WellsTrade review would be complete without showing both sides. This WellsTrade review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.

WellsTrade Pro's

  • WellsTrade is trusted by 10,000+ clients
  • WellsTrade doesn't charge inactivity fees
  • WellsTrade doesn't charge deposit fees
  • WellsTrade doesn't charge CFD fees
  • WellsTrade offer trading on iPhone,Tablet,Mac,Android,WEB
  • WellsTrade offer 254 trading instruments
  • WellsTrade can communicate in

WellsTrade Con's

  • WellsTrade does not offer Negative Balance Protection
  • WellsTrade does not offer Guaranteed Stop Loss
  • WellsTrade charge withdrawal fees
  • WellsTrade doesn't trade major forex pairs
  • WellsTrade doesn't trade minor forex pairs
  • WellsTrade doesn't trade exotic forex pairs
  • WellsTrade doesn't offer trading on cryptocurrencies

WellsTrade Review - Compare Brokers Similar To WellsTrade

WellsTrade VTB 24 Bank Degiro Bailieu
Rating 4/5 4/5 4/5 4/5
Minimum Deposit $30 $100 $0 $10000
Year Founded 2008 2008 1934 2012
Headquarters United States Russia Netherlands Australia
Regulated By Unregulated Unregulated Financial Conduct Authority (FCA), The Netherlands Authority for the Financial Markets (AFM), The Dutch Central Bank (DNB) Australian Securities and Investment Commission (ASIC)
Clients 10,000+ 10,000+ 600,000+ 10,000+
Find Out More
Risk Warning Your capital is at risk Your capital is at risk Your capital is at risk Your capital is at risk

WellsTrade Review - Regulation And Licencing In More Detail

WellsTrade is regulated by Unregulated.

WellsTrade, as a business, has a strong collection of rules for ensuring honest trading on its own platform. For information encryption purposes, it provides an industry-standard secure socket layer (SSL).

As per the company's privacy regulations, customer data is never to be shared with any other institutions or individuals. This includes credit history and other financial details.

WellsTrade Review - Awards

    At the time of writing this WellsTrade review, they had not received any awards.

WellsTrade Review - Minimum Deposit Required

The minimum deposit you must deposit to begin on WellsTrade is $30. This is an adequate amount for people just starting out. You can make more complex residue as you cooperate. But, ensure you understand how to make the most of your money before investing larger sums.

WellsTrade Review - Commission And Fees Explained

WellsTrade is an online brokerage platform, and most online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the companies of online brokerages are scaled better. In other words, an online broker isn't necessarily influenced by the amount of customers they have.

But this does not mean that online brokers do not charge any fees. They charge prices of varying rates for various services to make money. There are primarily three different types of penalties for this purpose.

The first kind of charges to keep an eye out for are trading charges. Whenever you make an actual trade, like purchasing a stock or an ETF, you are billed trading charges. In such cases, you're paying a spread, funding rate, or a commission. The sorts of trading fees and the prices differ from broker to broker.

Commissions could be fixed or dependent on the traded volume. On the other hand, a spread refers to the gap between the buying and selling cost. Financing or overnight prices are those who are charged when you maintain a leveraged position for more than a day.

Apart from trading charges, online brokers also bill non-trading fees. These are determined by the actions you undertake in your account. They're charged for operations like depositing cash, not trading for lengthy periods, or withdrawals.

Generally, WellsTrade does not charge high fees in comparison to other online brokers. For operations other agents fee for, they do not charge a brokerage fee, or they charge a lesser sum. This is beneficial for those who regularly trade, such as weekly or daily trading.

However, non-trading fees charged by WellsTrade are comparatively higher. Consequently, you are charged more for non-trading activities on your trading accounts, like withdrawal and deposits. These are not about the purchase and sale of assets.

This WellsTrade review breaks down every one of the relevant non-trading charges for you in detail.

Compare broker fees against WellsTrade

WellsTrade VTB 24 Bank Degiro Bailieu
Minimum Deposit $30 $100 $0 $10000
Withdrawal Fees variable variable variable variable
Inactivity Fees No
Deposit Fees No
CFD Fees

WellsTrade Review - Withdrawal Fees Explained

WellsTrade charges a withdrawal fee when you make a bank transfer. Every time you transfer money back into your bank accounts, these withdrawal charges become applicable.

Withdrawal of cash is possible at any time from your WellsTrade account. You can withdraw up sums to the sum of your account balance, keeping aside the perimeter used. 1 thing to keep in mind is that you don't always have to have any money in your account.

Moreover, the withdrawn money will be moved directly to the accounts you use to create deposits. Therefore, in the event that you used a credit card for deposits, the withdrawn cash is going to be sent into the card. WellsTrade will ask you to provide other withdrawal methods in case your details have changed since your deposit.

There is a minimum withdrawal amount. In case you are withdrawing money in various currencies from USD, a conversion fee is also applicable. The conversion fee will be dependent on the money you're opting to withdraw in.

WellsTrade Review - Inactivity Fees Explained

Understanding whether you will be charged inactivity fees is only one of those buzzing questions which run through your mind while open an account with WellsTrade. An inactivity fee is an amount charged to registered traders who have not participated in purchasing or selling for some time. The period regarded as inactive is determined by the agent.

The inactivity fee also differs from one agent to another and isn't generalized. If a traders account doesn't have a purchasing or selling trade, it's maintained by the broker as an inactivity fee. The traders have to pay this fee under conditions and terms that they had consented while registering.

WellsTrade doesn't charge inactivity fees so you are free to pop in and out of your account as needed

Even if no fees have been indicated by WellsTrade, it is best for you to close the account if you're inactive. Inactivity fees are not just charged by brokerage firms but also many financial services.

For other trading platforms, the inactivity fee depends upon the type of account you have chosen. The inactivity fee is exposed to many circumstances and needs to be disclosed clearly by the agent beforehand.

WellsTrade Review - Deposit Fees Explained

When you transfer money into your trading account from the bank account, a deposit fee can be charged by the broker. Most brokers do not charge an excessive amount of money for this particular operation.

WellsTrade doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed

Depositing money on the WellsTrade trading platform is simple. You simply have to complete a single-user profile questionnaire to start depositing money into your trading account. You'll have to give an identity evidence and evidence of residency to deposit large amounts.

WellsTrade Review - Compare Broker Deposit Methods

WellsTrade VTB 24 Bank Degiro Bailieu
Minimum Deposit $30 $100 $0 $10000
Credit Card
PayPal
Neteller
Skrill
Payoneer

What Can You trade With WellsTrade?

Note: WellsTrade offers many different trading instruments due to regulatory restrictions in a few countries. Trading instruments offered can differ depending on the country of residence of the client.

WellsTrade has a wide variety of over 254 instruments available for you to trade with.

If trading currency pairs is of interest to you then WellsTrade offer over currency pairs.

Compare WellsTrade, VTB 24 Bank, Degiro & Bailieu below.

WellsTrade VTB 24 Bank Degiro Bailieu
Platforms iPhone, Tablet, Mac, Android, WEB Desktop, Tablet & Mobile apps, Mac MetaTrader 4 Android Apps, iPhone/iPad, Desktop
Instruments Available 254 252 84 42
Forex & Crypto
Forex Pairs Available 0
Offers Major Forex Pairs? No Yes No No
Offers Minor Forex Pairs? No No No No
Offers Exotic Forex Pairs? No No No No
Offers Cryptocurrencies? No No No No
Commodity CFD's
Commodities Offered 0 0 0 0
Trade Metals? No Yes Yes No
Trade Energies? No Yes Yes No
Trade Agricultural? No Yes Yes No
Indiced & Stock CFDs
Stocks Offered 0 0 0
Trade UK Shares? No Yes Yes No
Trade US Shares? No No Yes No
Trade German Shares? No No Yes No
Trade Japanese Shares? No No Yes No


Your capital is at risk


Your capital is at risk


Your capital is at risk


Your capital is at risk

Alternatives To WellsTrade

If, after reading this WellsTrade review, WellsTrade does not meet your needs check out these WellsTrade alternatives.

We've scoured the internet to find the best alternatives to WellsTrade. Click the hyperlinks below to find out more.

Frequently Asked Questions about WellsTrade

Can I try WellsTrade before I buy?

Yes, you can most certainly try WellsTrade before you buy. WellsTrade offers demo accounts for the convenience of new traders. You can use this feature to build your faith in the system and yourself and your trading strategies.

If you sign up for a demo account on WellsTrade, you may set out using a decent amount of virtual currency. It is to establish a sense of safety and confidence in you until you choose to spend your own money.

With this digital WellsTradedemo account, you are able to experiment in any way, to whatever length you wish. You can also open positions, examine different trading strategies, and much more.

WellsTrade specifies on its official website that you are able to trade real time stocks with your demo account.

Is WellsTrade safe?

It is possible to drop all of your worries because we believe that WellsTrade is perfectly safe to use. It's in compliance with all the principles of Unregulated.

Nevertheless, WellsTrade does not provide assured stop-loss protection.

Why does WellsTrade ask for my passport?

The reason that WellsTrade asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, WellsTrade has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, WellsTrade must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.

How can I start trading with WellsTrade?

The process to start trading withWellsTrade is perhaps simple enough to be a cakewalk. You need to begin by signing up on the WellsTrade website. It will require you to fill in details pertaining to the credibility and security of your account.

Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with WellsTrade is $30. You should have a good hold over the nuances of online trading before you set out and trade with real money.

If you are confident of your knowledge and understanding, you can open an account with WellsTrade.

The best way to kickstart your trading career with WellsTrade is to open a demo account facility before risking any real money

What funding methods do WellsTrade accept?

There are a number of methods to finance your accounts with WellsTrade. The process is effortless and quick, with different payment methods in your fingertips.

You can use credit or debit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing funds. You must keep in mind that PayPal isn't available in all country. The currencies WellsTrade

Is my money safe with WellsTrade?

Yes, your cash is safe and secure with WellsTrade. As you already know, WellsTrade works with proper conformation to. It has established lots of measures to protect all of its investors.

WellsTrade safeguards its clients' private and sensitive information under SSL encryption. Your funds will be retained highly secure in top-tier banks.

If you want to further protect your account, it is possible to enable Two-Step Verification also. It requires an SMS confirmation for you to get your accounts.

Is WellsTrade trading good?

Yes, trading through WellsTrade is a pleasant and good experience indeed. It is a great and intuitive platform with helpful features for your simplicity. Moreover, you can also gain access to a vast collection of educational tools and assistive material to kickstart your trading expertise.

If you remain skeptical, you can start a eToro demo account and assess the credibility of the platform on your own.

Which Countries does WellsTrade support?

WellsTrade operates around the world. However, due to regulations there are some countries that WellsTrade does not accept clients from

Is WellsTrade legit?

WellsTrade is a legit company headquarted in United States since 2008. They are regulated by Unregulated. WellsTrade is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.

Is WellsTrade a good broker?

WellsTrade is an excellent agent, and its own users can vouch for this. The highlight of this platform is its quick order execution on trades.

You'll discover the clean design of this platform along with the commendable features that a pleasure to work with.

Is WellsTrade a trustworthy broker?

Yes, WellsTrade is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.

What is the minimum deposit for WellsTrade?

The minimum deposit to open a live account with WellsTrade is $30

How long do WellsTrade withdrawals take?

Normally, withdrawal of money from WellsTrade is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from WellsTrade to show in your bank account.

Are WellsTrade regulated?

WellsTrade are regulated by Unregulated

Is WellsTrade a market leading broker?

WellsTrade is indisputably among the business leaders. It supports over 10,000+ registered customers and over 13 years of experience on its own record. They are one of the world's leading trading platforms and a prominent figure in the Fintech revolution.

It simplifies this status to its unbelievable platform and broad selection of resources plus tools so you may invest in capital markets.

Is WellsTrade a con?

No, WellsTrade is not a con. They are regulated by Unregulated and must adhere to their rules. Thus, it is safe to say that WellsTrade is not a scam.

Can you make money with WellsTrade?

Through WellsTrade, several traders earn a great deal of money. However, on average, through continual trading, you can make between 2% - 10% profit a month.

This may seem to be a little number, but over the entire year, this adds to a significant number of gains. While WellsTrade supply you all of the tools to earn money, they can't guarantee you will profit.

Does WellsTrade have fees?

Yes. To begin trading using WellsTrade, you need to deposit $30. Certain commissions while trading additionally applies. Any processing fees from your bank will have to be incurred by you.

When was WellsTrade founded?

WellsTrade was founded in 2008 in United States. WellsTrade is regulated by Unregulated.

How many people use WellsTrade?

WellsTrade is a worldwide recognised broker with 10,000+ clients.

Where is the WellsTrade head office?

WellsTrade has its head office in United States

Does WellsTrade offer negative balance protection?

No. WellsTrade does not provide negative balance protection. If your balance is unfavorable, WellsTrade indicates you contact customer services. For this, you can correct any imbalances in your own account.

Does WellsTrade offer guaranteed stop loss?

WellsTrade unfortunately, doesn't provide guaranteed stop loss. WellsTrade gives an opportunity to its traders to close their trade at their given price. Apart from that, WellsTrade does not offer guaranteed stop loss.

Does WellsTrade allow scalping?

Yes, WellsTrade do permit scalping. Several traders throughout the world choose WellsTrade due to their services that are trading. They offer trading on iPhone,Tablet,Mac,Android,WEB which let this.

Does WellsTrade allow hedging?

Yes, WellsTrade does allow hedging.

Can you trade energies with WellsTrade?

No, unfortunately you cannot trade energy stock with WellsTrade

Can you trade agricultural shares with WellsTrade?

No, unfortunately you cannot trade agricultural stock with WellsTrade

Can you trade cryptocurrency with WellsTrade?

No, unfortunately you cannot trade cryptocurrency with WellsTrade

Can you trade metals with WellsTrade?

No, unfortunately you cannot trade metals with WellsTrade

Can you trade UK Shares with WellsTrade?

No, unfortunately you cannot trade UK shares with WellsTrade

Can you trade US Shares with WellsTrade?

No, unfortunately you cannot trade US shares with WellsTrade

Can you trade Japanese Shares with WellsTrade?

No, unfortunately you cannot trade Japanese shares with WellsTrade

Can you trade German Shares with WellsTrade?

No, unfortunately you cannot trade German shares with WellsTrade

Does WellsTrade accept bank transfers?

No, WellsTrade does not accept bank transfers.

Does WellsTrade accept credit cards?

No, WellsTrade does not accept credit cards.

Does WellsTrade accept PayPal?

No, WellsTrade does not accept PayPal.

Does WellsTrade accept Skrill?

No, WellsTrade does not accept Skrill.

Does WellsTrade accept Payoneer?

No, WellsTrade does not accept Payoneer.

Does WellsTrade accept Neteller?

No, WellsTrade does not accept Neteller.

Does WellsTrade offer Live Chat customer support?

No, WellsTrade does not offer customer support through live chat.

Does WellsTrade offer phone customer support?

No, WellsTrade does not offer customer support over the telephone.

Does WellsTrade offer email customer support?

No, WellsTrade does not offer customer support through email.

What languages can WellsTrade communicate in?

WellsTrade has the ability to communicate and support customers who speak:

Does WellsTrade have a wikipedia page?

No, WellsTrade does not have an official wikipedia page.

Does WellsTrade offer demo accounts?

Yes, WellsTrade offers demo accounts so you can learn their systems before risking any real money.