WellsTrade Guide – Read our In-Depth WellsTrade Review
WellsTrade Rating: 1.73 / 10
Our proprietary rating algorithm takes all of our datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones.
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 users in BR, KR, IR, IQ, SY, JP, US
If you're a new entrant in the realm of trading and broker, so many facts will be perplexing for you. Getting into the area of trading requires expert assessing skills and thorough understanding. You will get adept at all the concepts of broker as you keep trading. For starters, you have to select the ideal agent who'll be clear with you always.
Within this fast-paced world of stock markets and trading, you will need advice to make proper decisions. A professionally direct investment program will generate hefty returns. WellsTrade is one such platform which will take you and your investment to great heights. It's important that you understand about WellsTrade until you trust them with your cash.
WellsTrade Review – Quick Overview
WellsTrade Telephone Number:
WellsTrade Email Address:
Number Of Clients:
10,000+ WellsTrade users and traders
WellsTrade Facebook Likes:
WellsTrade Twitter Followers:
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Your capital is at risk
|WellsTrade Telephone Number:|
|WellsTrade Email Address:|
|Number Of Clients:||10,000+ WellsTrade users and traders|
|WellsTrade Facebook Likes:||0|
|WellsTrade Twitter Followers:||0|
|WellsTrade Instagram Followers:||0|
Your capital is at risk
Our entire WellsTrade Review covers everything you will need to know about trading with WellsTrade. A good broker can multiply your first investments and give you favourable profits. If you would like to earn profits, you must trade with a broker service that contrasts with your investment objectives.
There is no sure-fire way to guarantee profits; thus, you must carefully analyze your broker before you choose them. It is a frequent misconception that all brokers are exactly the same, but that is not true. Wrong judgment, initially, can put your investments in danger.
WellsTrade is a broker which has paved its way successfully into the brokerage world. Within this review, we've attempted to collate some of the important aspects of WellsTrade. This review will help you to know whether WellsTrade is a good fit for your investments or not. We've attempted to breakdown all the qualities and fees for your convenience.
WellsTrade Review, Table Of Contents
- Who are WellsTrade?
- Benefits Of Trading With WellsTrade
- Everything you should know about trading with WellsTrade
- Is WellsTrade Safe To Trade With?
- WellsTrade Risk Disclaimer
- Pro's & Con's Of Trading With WellsTrade
- Compare Brokers Similar To WellsTrade
- Regulation And Licencing In More Detail
- WellsTrade Awards
- Minimum Deposit Required For A Live Account With WellsTrade
- WellsTrade Commission And Fees Explained
- Compare broker fees against WellsTrade
- WellsTrade Withdrawal Fees Explained
- WellsTrade Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With WellsTrade?
- Alternatives To WellsTrade
- Frequently Asked Questions About WellsTrade
Who are WellsTrade?
WellsTrade is a foreign exchange broker headquartered in United States and provides a variety of tools for trading. Since its start in 2008, WellsTrade has emerged as a leading player in the industry of online broker. WellsTrade has a highly competitive and full-featured trading website that is focused on currency, indices, metals, sharesand commodities.
Over the past 13 years, WellsTrade has grown into one of the leading online brokers.
After establishing in 2008, their consumer base is becoming as big as 10,000+ clients.
WellsTrade is a favourite of many traders because of its negative balance protection. Our WellsTrade review found that they're an superb choice for automated trading solutions. They're most appropriate for investors that are searching for an assortment of assets. Social and automated trading options are the core at WellsTrade.
Technology plays a substantial role at WellsTrade. WellsTrade features trading on iPhone,Tablet,Mac,Android,WEB. WellsTrade is honest, 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 traders since it permits 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.
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 ought to know about trading with WellsTrade
WellsTrade is a dynamic platform that offers various methods of trading. These instruments cover the monetary markets substantially. The Majority of the brokerage platforms offer less procedures than WellsTrade
If you wish to exchange with WellsTrade, you'll require a minimum deposit of $30. This deposit is mandatory if you want to begin trading using WellsTrade. This 2021 WellsTrade review will guide you safely about trading with them.
WellsTrade is as versatile as any other brokerage platform. WellsTrade is excellent for traders that want a manageable selection of low-cost services. The programs supplied by WellsTrade are third party, white-label offerings. All traders may pick out of iPhone,Tablet,Mac,Android,WEB.
Along with everything, WellsTrade has multiple benefits to new and verteran traders and should be investigated. There's no minimum time on which a trade has to be kept available. The agents offer premium client service which rewards customers with benefits.
Many unethical brokers try to pressurise customers into bigger financing for superior services. WellsTrade, on the other hand, is much more focused on trading volume. Dealers can expect trading conditions to be just, honest and transparent. The more lots traded by the consumer, the more benefits will become available.
WellsTrade accounts are available all over the world and provides outstanding service everywhere they have clients. There are a few countries where WellsTrade accounts are not available. Traders in the following countries cannot open or use a WellsTrade account:
BR, KR, IR, IQ, SY, JP, US
Is WellsTrade Safe To Trade With?
Established in 2008, WellsTrade has been in operation for 13 years, they are headquarted in United States.
WellsTrade is regulated by Unregulated. These bodies have rules that ensure that trading platforms have steps in place to maintain investor's resources procured. This usually means that WellsTrade users don't need to worry about their money since it is segregated and safely stored in banks that are established. SSL encryption simplifies each user's private information as well.
You can make use of an option for 2 Factor Authentications (2FA) with WellsTrade for heightened security. An SMS for the verification code will be sent to your mobile phone. You will be asked to input this code to log in to your account.
Another concern with financial brokers is in regards to security may be manipulation of trading. This is highly disadvantageous to users on those platforms. However, this is more prevalent in the example of Market Maker agents who compete with users on the stage.
WellsTrade Risk Disclaimer
Your capital is at risk
Pro's & Con's Of Trading With WellsTrade
Every online trading platform has some ups and downs, and no WellsTrade review would be complete without having a balanced approach. 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 is trusted by 10,000+ clients
- WellsTrade offers Negative Balance Protection
- WellsTrade offers Guaranteed Stop Loss
- WellsTrade has low minimum deposit requirements
- WellsTrade doesn't charge withdrawal fees
- 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 English, and Chinese
- 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 doesn't offer social trading
- WellsTrade doesn't offer copy trading
- WellsTrade doesn't offer trailing stop
WellsTrade Review - Compare Brokers Similar To WellsTrade
|Rating||1.73 / 10||6.22 / 10||4.65 / 10||4.71 / 10|
|Regulated By||Unregulated||Financial Conduct Authority (FCA), Financial Services Authority (FSA), Securities and Futures Commission (SFC)||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA)||Cyprus Securities and Exchange Commission (CySEC)|
|Find Out More|
|Risk Warning||Your capital is at risk||Your capital is at risk||CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.9% of retail investor accounts lose money when trading CFDs with this provider.||Losses can exceed deposits|
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 fair trading onto its own platform. For information encryption purposes, it provides an industry-standard secure socket layer (SSL).
In accordance with the organization's privacy regulations, customer data is to not be shared with any other institutions or individuals. This includes credit history and other financial information.
WellsTrade Review - AwardsAt the time of writing this WellsTrade review, and despite WellsTrade’s impressive offering, the company has surprisingly not garnered any other awards to date.
WellsTrade Trading Platforms
WellsTrade are a professional trading platform that has been trading for over 13 years. They offer a large range of options in their customer accounts.
Below we take the main parts of any great brokerage and compare WellsTrade with z.com, AxiTrader, and OptionWeb
WellsTrade Review - Minimum Deposit Required
The minimum deposit you must deposit to get started on WellsTrade is $30. This is an adequate amount for those just starting out. You can make more advanced deposits as you go along. However, make certain that you know how to make the most of your money before investing larger sums.
WellsTrade Review - Commission And Fees Explained
WellsTrade is an online broker 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 number of clients they have.
However, this does not mean that online brokers do not charge any fees. They charge prices of varying rates for various services to earn money. There are primarily three types of penalties for this objective.
The first sort of fees to look out for are trading charges. Whenever you make an actual trade, like purchasing a stock or an ETF, you're billed trading charges. In such cases, you're spending a spread, funding speed, or a commission. The sorts of trading fees and the rates vary from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the other hand, a spread denotes the gap between the buying and selling cost. Financing or overnight prices are people who are billed when you hold a leveraged position for more than daily.
Apart from trading fees, online agents also charge non-trading fees. These are determined by the activities you undertake on your accounts. They are charged for things like depositing money, not investing for lengthy periods, or withdrawals.
Generally, WellsTrade doesn't charge high fees compared to other online agents. For operations other agents charge for, they do not charge a brokerage fee, or they charge a smaller sum. This can be beneficial for people who often trade, for example daily or weekly trading.
But, non-trading fees charged by WellsTrade are comparatively lower. Consequently, you are charged more for non-trading activities in your trading accounts, such as deposits and withdrawal. These are not about the purchase and sale of resources.
This WellsTrade review breaks down every one of the applicable non-trading charges for you in detail.
Compare broker fees against WellsTrade
WellsTrade Review - Withdrawal Fees ExplainedWellsTrade doesn't charge withdrawal fees
Withdrawal of cash is possible at any time from your WellsTrade account. You can withdraw sums up to the amount of your account balance, keeping aside the perimeter utilized. One thing to keep in mind is that you don't necessarily need to have any money in your accounts.
Moreover, the withdrawn money will be transferred directly to the account you use to create deposits. Therefore, in the event that you used a credit card for deposits, then the withdrawn money is going to be sent to the card. WellsTrade will ask you to provide other withdrawal methods if 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 important. The conversion fee will be dependent on the currency you're choosing to withdraw in.
WellsTrade Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is only one of the buzzing questions that run through your mind when 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 considered inactive is decided by the agent.
The inactivity fee also differs from 1 broker to another and isn't generalized. If a traders account doesn't have a buying or selling trade, it is claimed by the broker as an inactivity charge. The traders need to pay this fee under conditions and terms that they had agreed while registering.
WellsTrade doesn't charge inactivity fees so you are free to use your account as needed
Even if no charges have been indicated by WellsTrade, it's best that you close the account if you are inactive. Inactivity fees aren't only charged by broker firms but also many financial services.
For other trading platforms, the inactivity fee depends on the sort of account you've chosen. The inactivity fee is subjected to many circumstances and needs to be disclosed clearly by the broker beforehand.
WellsTrade Review - Deposit Fees Explained
When you move money into your trading account by your bank account, a deposit fee can be charged by the broker. Most agents 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 cash on the WellsTrade trading platform is easy. You just need to complete a single-user profile survey to begin depositing money into your trading account. You'll have to give an identity proof and evidence of residency to deposit substantial amounts.
WellsTrade Review - Compare Broker Deposit Methods
What Can You Trade With WellsTrade?
Note: WellsTrade provides a lot of different trading instruments due to regulatory restrictions in many countries. Trading instruments offered can differ based 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 forex pairs is of interest to you then WellsTrade offer over forex pairs.
Compare WellsTrade, z.com, AxiTrader & OptionWeb below.
Reviewing The WellsTrade Mobile App
Note: WellsTrade's mobile app has a lot of functionality and is being developed all the time. The table below was accurate at the time of writing this WellsTrade review.
Understand the capabilities of the mobile apps of WellsTrade, z.com, AxiTrader & OptionWeb below.
Alternatives To WellsTrade
If, after studying this WellsTrade review, they don't quite meet your requirements check out these WellsTrade alternatives.
We've scoured the internet to find the best alternatives to WellsTrade. Click the links 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 provides demo accounts for the convenience of new traders. You can use this feature to build your faith in the system as well as yourself and your trading strategies.
If you sign up to get a demonstration account on WellsTrade, you will set out using a decent amount of virtual currency. It is to establish a sense of security and confidence in you until you decide to spend your own money.
With this virtual WellsTradedemo account, you can experiment at all, to whatever period you desire. You can even start positions, test different trading approaches, and more.
WellsTrade specifies on its official website which you are able to trade real time stocks with your demo account.
Is WellsTrade safe?
It is possible to drop all your worries because we believe that WellsTrade is totally safe to use. It is in compliance with all the principles of Unregulated.
To its credit, WellsTrade does 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 account 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 multiple methods to fund your accounts with WellsTrade. The process is effortless and quick, with different payment methods in your fingertips.
You can use debit or credit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing funds. You must bear in mind that PayPal isn't available in all place. The currencies WellsTrade
Is my money safe with WellsTrade?
Yes, your money is safe and secure with WellsTrade. As you know, WellsTrade operates with good conformation to. It's established lots of steps to guard all of its investors.
WellsTrade safeguards its customers' personal and sensitive information under SSL encryption. Your capital will be kept highly secure in top-tier banks.
If you want to further safeguard your account, it is possible to enable Two-Step Verification as well. It takes an SMS affirmation that you get your accounts.
Is WellsTrade trading good?
Yes, trading through WellsTrade is a pleasant and decent experience indeed. It's a great and intuitive platform with useful features for your simplicity. Moreover, you could also obtain access to a vast collection of educational resources and assistive substance to kickstart your trading expertise.
If you remain skeptical, it is possible to open a eToro demo account and assess the trustworthiness of the platform for yourself.
Which Countries does WellsTrade support?
WellsTrade operates across the globe. However, due to regulations there are some countries that WellsTrade can't accept clients from BR, KR, IR, IQ, SY, JP, US
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 a great agent, and its own users may vouch for it. The highlight of the platform is its quick order execution on trades.
You will find the clean layout of the 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 has over 10,000+ registered users and over 13 years of experience on its record. They're among the world's leading trading platforms and a dominant figure in the Fintech revolution.
It simplifies this standing to its incredible platform and wide range of resources plus tools so that you can 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?
Using WellsTrade, several traders make a lot of money. But on average, through consistent trading, you can create between 2% - 10% profit a month.
This can look to be a little number, but within the year, this adds to a substantial number of gains. While WellsTrade provide you all the tools to make money, they cannot guarantee you will gain.
Does WellsTrade have fees?
Yes. To start trading with WellsTrade, you need to deposit $30. Certain commissions while trading also applies. Any processing fees from your bank might need 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 globally recognised agent with 10,000+ customers.
Where is the WellsTrade head office?
WellsTrade has its head office in United States
Does WellsTrade offer negative balance protection?
Yes, WellsTrade has Negative Balance Protection. It's especially offered while the market volatility keeps customers from allowing their account go in the red. In a situation like this, WellsTrade provides the ability to reset a customers account balance to zero.
You are able to go through the important terms and conditions on WellsTrade's site to understand their policies.
Does WellsTrade offer guaranteed stop loss?
Yes, WellsTrade provide a guaranteed Stop Loss order.
If there's absolutely no free margin left with the customer, WellsTrade will cease your own positions. If the losses in the stopped out location exceeds your account balance, you might experience a negative account balance.
Does WellsTrade allow scalping?Yes, WellsTrade do permit scalping. Many traders across the world select 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?
Yes, WellsTrade accepts bank transfers for depositing money.
Does WellsTrade accept credit cards?
Yes, WellsTrade accepts credit cards for depositing money.
Does WellsTrade accept PayPal?
No, WellsTrade does not accept PayPal.
Does WellsTrade accept Skrill?
No, WellsTrade does not accept Skrill.
Does WellsTrade accept Payoneer?
Yes, WellsTrade accepts Payoneer for depositing money.
Does WellsTrade accept Neteller?
No, WellsTrade does not accept Neteller.
Does WellsTrade offer Live Chat customer support?
Yes, WellsTrade offers customer support through live chat.
Does WellsTrade offer phone customer support?
Yes, WellsTrade offers customer support over the telephone.
Does WellsTrade offer email customer support?
Yes, WellsTrade offers customer support through email.
What languages can WellsTrade communicate in?
WellsTrade has the ability to communicate and support customers who speak: English, and Chinese
Does WellsTrade have a wikipedia page?
No, WellsTrade does not have an official wikipedia page.
Does WellsTrade offer demo accounts?
Yes, WellsTrade offers virtual portfolio accounts so you can learn their systems before risking any real capital. Inexperienced traders can open a virtual portfolio account in order to better understand the areas of Forex trading and test out some of the company’s features before getting a live account.