Startrader vs WellsTrade, 2024 Update
Read our In-Depth Startrader vs WellsTrade Review - 2024 Update
Our review comparing Startrader and WellsTrade has been refreshed to reflect any changes for 2024 from industry experts boasting considerable financial experience in CFDs, Forex, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of Startrader vs WellsTrade does not apply to all countries as follows:
Startrader Excluded Countries
United States of America,
WellsTrade Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare Startrader vs WellsTrade
Each trading platforms will have some ups and downs, so any comprehensive Startrader and WellsTrade review would not be complete without adopting an objective perspective.
Assess Startrader and WellsTrade to understand how these platforms compare to each prior to you create an account. Performing a comprehensive comparison helps to bring aspects in perspective in order that you remain aware of what to expect.
So you are looking for a reputable broker and are choosing between Startrader or WellsTrade. Who should you choose?
This Startrader vs WellsTrade comparison contains the latest information so you can easily compare WellsTrade against Startrader.
If you're a new entrant in the world of trading and brokerages, so many nuances will be perplexing for you. Getting into the area of trading demands expert assessing skills and thorough knowledge. You will acquire adept at all of the concepts of broker since you keep trading. For starters, you have to choose the right broker who'll be transparent with you constantly.
Within this fast-paced world of stock markets and trading, you'll need advice to make correct decisions. A professionally lead investment plan has the potential to create hefty returns. Startrader and WellsTrade are just two such platforms which will take you along with your investment into great heights. It's important that you compare Startrader vs WellsTrade before you trust them with your cash.
Our Startrader vs WellsTrade comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust Startrader and WellsTrade side by side.
Our entire Startrader vs WellsTrade Review covers everything you need to learn about trading using either Startrader or WellsTrade. A good broker can multiply your first investments and give you favorable profits. If you want to earn profits, you must trade with a broker service that contrasts with your investing goals.
There is no sure-fire way to guarantee profits; thus, you should carefully assess your agent before you choose them. It's a frequent misconception that all brokers will be exactly the same, but that is not true. Wrong judgment, initially, can put your investments at risk.
Startrader and WellsTrade are both brokers that have paved their way successfully to the brokerage world. In this review, we have attempted to collate some of the vital aspects of both Startrader and WellsTrade. This review will allow you to know whether either WellsTrade or Startrader is a fantastic match for your own investments or not. We have attempted to breakdown all of the features and fees for your advantage.
Benefits of Startrader and WellsTrade Compared
Startrader has a minimum deposit of $50 while WellsTrade has a $30 minimum deposit.
Why smaller minimum deposits are good and how Startrader and WellsTrade compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
Startrader has around 170 financial instruments while WellsTrade allows you to trade around 170 financial instruments available.
The more instruments you can trade on the Startrader and WellsTrade platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you should never want to miss out on a trading opportunity due to the limitations of Startrader or WellsTrade.
Startrader and WellsTrade Contact Details
Being able to contact your broker easily is vital. Startrader and WellsTrade have the following contact details and social medias that you can use.
|+86 4001 201725
|Flat/Rm A, 12/F, ZJ300, 300 Lockhart Road, Wan Chai, Hong Kong
|Startrader Twitter Account
|WellsTrade Twitter Account
|Startrader Facebook Page
|WellsTrade Facebook Page
|Startrader Instagram Account
|WellsTrade Instagram Account
|Startrader LinkedIn Page
|WellsTrade LinkedIn Page
|Startrader YouTube Channel
|WellsTrade YouTube Channel
|Find Out More
WellsTrade and Startrader Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
This part of comparing Startrader and WellsTrade will examine whether their mobile app meets all our requirements.
We rate overall the user-friendliness of both apps as Better than the average.
It is important that any trading app has user friendly capabilities especially with the
While most brokers are good at this, there are some poor ones. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?
Startrader vs WellsTrade - Awards
Startrader vs WellsTrade - Frequently Asked Questions
Startrader vs WellsTrade - Headquarters And Year Of Founding
Startrader was founded in 2011 and has its headquaters in Hong Kong.
WellsTrade was founded in 2008 and has its head office in United States.
What is the minimum deposit for WellsTrade or Startrader
The minimum deposit for Startrader is $50.
The minimum deposit for WellsTrade is $30.
Depending on your circumstances, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both Startrader and WellsTrade are a good option.
Startrader vs WellsTrade - Regulation And Licencing In More Detail
Startrader is regulated by Financial Conduct Authority (FCA), Saint Vincent and Grenadines (SVG) and Financial Services Authority Seychelles (FSA).
WellsTrade is regulated by Unregulated.
WellsTrade is unregulated but Startrader has a strong collection of rules for ensuring fair trading onto its platforms. For data encryption purposes, they supply industry-standard secure socket layer (SSL).
In accordance with their privacy regulation, client data is to not be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare Startrader vs WellsTrade Commission And Fees
Startrader and WellsTrade are online broker platforms, and most online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the companies of online brokerages are scaled better. That is, an online broker is not necessarily affected by the amount of customers they have.
However, this does not mean that online brokers don't charge any fees. They charge fees of varying rates for various services to earn money. There are primarily 3 different types of penalties for this objective.
The first kind of fees to look out for are trading charges. When you make an actual trade, like purchasing a stock or an ETF, you are charged trading charges. In these instances, you are paying a spread, financing speed, or even a commission. The kinds of trading charges and the rates vary from broker to broker.
Commissions could be fixed or dependent on the traded quantity. On the other hand, a spread denotes the difference between the buying and selling cost. Funding or overnight prices are people that are charged when you hold a leveraged position for more than daily.
Aside from trading charges, online brokers also bill non-trading fees. These are dependent on the actions you undertake in your accounts. They are charged for surgeries like depositing cash, not trading for lengthy periods, or withdrawals.
Generally, neither Startrader or WellsTrade charge high fees in comparison to other online brokers. For operations other agents fee for, they either do not charge a broker fee, or they charge a lesser sum. This can be beneficial for those who often trade, for example daily or weekly trading.
However, non-trading fees charged by Startrader and WellsTrade are relatively lower. As a result, you're billed more for non-trading actions on your trading accounts, such as deposits and withdrawal. These aren't about the sale and purchase of resources.
This Startrader vs WellsTrade review for 2024 breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees For Startrader And WellsTrade
What Languages Do Startrader And WellsTrade Support?
Being able to talk easily with your trading platform is a key part of comparing trading platforms to find the best broker. Not only for support but to be sure you understand everything on their website and inside their application as it is a key part of success when trading forex.
Below you will find all the languages that both Startrader and WellsTrade offer communication in.
How Many Clients Do Startrader and WellsTrade Have?
Both Startrader and WellsTrade are well known and trusted. It is important to work with a broker that is professional and one of the easiest ways of understanding this is by knowing how many clients they already work with.
Below you will find details of how many clients Startrader and WellsTrade are active on their platform
What Payment Methods Do Startrader and WellsTrade Accept?
Startrader and WellsTrade both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at Startrader and WellsTrade
What Can You Trade With Startrader and WellsTrade?
Startrader offers 170 trading instruments whilst WellsTrade offers 254.
Below you will find a full breakdown of what both Startrader and WellsTrade offer.
Startrader vs WellsTrade:
Table Of Contents
- Compare Startrader vs WellsTrade
- Benefits of Startrader and WellsTrade Compared
- WellsTrade and Startrader Mobile App Comparison
- Startrader vs WellsTrade - Awards
- Startrader vs WellsTrade - Frequently Asked Questions
- What is the minimum deposit for WellsTrade or Startrader
- Startrader vs WellsTrade - Regulation And Licencing In More Detail
- Compare Broker Fees For Startrader And WellsTrade
- What Languages Do Startrader And WellsTrade Support?
- How Many Clients Do Startrader and WellsTrade Have?
- What Payment Methods Do Startrader and WellsTrade Accept?
- What Can You Trade With Startrader and WellsTrade?