WellsTrade review
WellsTrade is a Multi-Assets Trading Platform with over 254+ Assets
WellsTrade is a multi asset platform with 254+ tradable Assets.
Assets available on WellsTrade include Forex trading, Social trading, Share Dealing.
WellsTrade trades in multiple financial asset types. A financial asset is any security or asset that has financial value attached, tangible or intangible. This means that Forex trading, Social trading, Share Dealing are considered financial assets.
Features of WellsTrade
- Virtual Portfolio, or what is commonly known as a Demo Account
- Social Trading available
- Copy Trading available
- WellsTrade offers Advanced Financial Chart comparison tools
- WellsTrade offers Research-backed analysis on financial markets and investments from top analysts
- The WellsTrade platform is available to use on multiple devices including Apple Mac computers, and online through a Web Browser.
- WellsTrade offers an easy to use trading platform with tools for both New Traders and Seasoned Experts
- WellsTrade users benefit from using the WellsTrade platform in over 15 different languages
WellsTrade review
What you should know
WellsTrade offer three ways to trade: Forex trading, Social trading, Share Dealing. The assets and products available to you on the WellsTrade trading platform depend on the region of the world you are in and what entity you have an account with.
With WellsTrade you will need a minimum deposit of $30. You can sign up for a demo account to acquaint yourself with WellsTrade platform.
WellsTrade are able to accommodate various levels of traders whether you are experienced or a beginner.
Are WellsTrade safe?
When choosing a broker like WellsTrade the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.
Established in 2008, and in operation for 14 years WellsTrade have a head office in United States.
WellsTrade is not regulated. This means WellsTrade are not supervised by any regulatory bodies.
Regulated brokers are highly unlikely to manipulate market prices due to the regulations imposed. When you send in a withdrawal request to WellsTrade, this will be honored.
Your capital is at risk
Is my money safe with WellsTrade?
Any payments funded to WellsTrade accounts by traders are held in a segregated bank account.
For added security WellsTrade use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.
What are Tier 1 banks and why should WellsTrade use them?
A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank. A Tier 1 bank has strong core capital reserves and are typically able to withstand unexpected losses.
What does it mean to have your funds in WellsTrade deposited in a Tier 1 bank?
Having any money you deposit with WellsTrade means that your funds are kept in a bank that has enough capital to accommodate your withdrawal wishes even if WellsTrade goes out of business for some reason.
Therefore, we can safely conclude that WellsTrade is reasonably secure and safe.
That said, please note that you can lose funds when trading in financial assets. Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform.
While trading in financial investments, losing money rapidly due to trading Forex trading, Social trading, Share Dealing is not uncommon. Only take the risk of trading when you understand that your invested capital is at risk any time due to market volatility. WellsTrade also clearly state on their platform that Your capital is at risk.
Now that we have answered some important questions regarding WellsTrade. let us look at the WellsTrade features in more detail.
Try creating two accounts when you are working with WellsTrade. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.
Open a demo account Visit WellsTrade
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
How WellsTrade as a Company Compare Against Other Brokers
Broker |
wellstrade
![]() |
eToro
![]() |
IC Markets
![]() |
Roboforex
![]() |
Year Established | 2008 | 2007 | 2007 | 2009 |
Head Office | United States | Cyprus, UK | Australia | Cyprus |
Regulation | Unregulated | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) |
Used By | 10,000+ WellsTrade users | 27,000,000+ eToro users | 180,000+ IC Markets users | 10,000+ Roboforex users |
Negative balance protection | Yes | Yes | No | |
Guaranteed Stop Loss | No | No | No | |
Learn More | Visit WellsTrade | Visit eToro | Visit IC Markets | Visit Roboforex |
Risk Warning | Your capital is at risk | 78% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | Losses can exceed deposits |
WellsTrade review
WellsTrade Pros and Cons
WellsTrade review
WellsTrade Regulation and Licensing in more detail
WellsTrade are not supervised or regulated by any well known regulatory bodies. Its normal to find online brokers like WellsTrade that are not regulated yet appear to be legitimate.
WellsTrade maybe relatively new. Some brokers provide their service under offshore licenses to save operational costs. Regulatory licensing can be very costly. We recommend only trading with regulated brokers. Should anything go wrong with WellsTrade you are not guarenteed help in a difficult situation.
- Unregulated
Is WellsTrade Global?
Yes, WellsTrade is global as WellsTrade is available in over 194 countries.
WellsTrade is a global trading platform in the sense that it operates in 194 countries including nations in Europe, Asia, Oceania, and Africa. Major countries WellsTrade covers include the UK, Germany, Australia, South Africa, Thailand the United States and China. WellsTrade has a total of more than 10,000 users.
WellsTrade review
WellsTrade Fees Explained
- WellsTrade withdrawal fees varies on payment method
- WellsTrade does charge a fee for inactive accounts.
- WellsTrade does charge deposit fees.
Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company. Brokers may charge clients various trading fees that you need to be aware of as they may affect your bottom line.
How WellsTrade Fees Compare Against Other Brokers
Broker |
wellstrade
![]() |
eToro
![]() |
IC Markets
![]() |
Roboforex
![]() |
Min Deposit | 30 | 10 | 200 | 1 |
Withdrawal Fees | varies | Yes | No | Yes |
Inactivity Fees | Yes | No | No | |
Deposit Fees | No | Varies | No | |
CFD Commission Fees | Yes | Yes | No |
WellsTrade Minimum Deposit
WellsTrade require a minimum deposit of 30 GBP/USD/EUR when opening an WellsTrade trading account.
A minimum deposit is the minimum amount of money required by WellsTrade to open a new online brokerage account with them.
Don't be scared off by brokers like WellsTrade charging a minimum deposit to open a trading account. Brokers that charge higher minimum deposits often offer additional premium services on their platforms that are not available for free on other platforms.
Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.
Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make returns some way, so transaction commissions and other trading fees may be higher with a low minimum deposit account.
Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.
As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.
Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.
WellsTrade Withdrawal Fees
WellsTrade withdrawal fees vary depending on your selected withdrawal payment method.
Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.
This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees, processing times and a potential currency conversion fee. The Conversion fee is dependant on your base currency, your receiving currency and your payment provider.
For example WellsTrade allows you to withdraw your funds to Credit cards, Skrill, Neteller.
WellsTrade Inactivity Fees
WellsTrade does charge a fee for inactive accounts.
An account inactivity fee is a fee charged to the registered brokerage client.
Brokers may have certain trading activity requirements that under the terms and conditions of the accounts and clients may have to fulfill.
If a clients trading account does not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.
Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.
If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.
Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.
Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.
WellsTrade Deposit Fees
WellsTrade does charge deposit fees.
You must always review deposit fees as some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee.
The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.
WellsTrade Commission Fees
WellsTrade does charge commission on CFD instruments.
A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.
A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.
Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.
Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.
If a market order is not fulfilled by your brokerage usually no commission is charged.
Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.
WellsTrade review
What can you trade with WellsTrade?
Be aware that different entities under the WellsTrade Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client and the entity that holds the customer account. Additionally, the trading instruments offered by WellsTrade may vary depending on the trading platform you choose to trade with.
You can trade a wide variety of instruments with WellsTrade over 254 instruments infact.
If you are looking for Forex brokers to trade currency pairs on global Forex markets WellsTrade offer over currency pairs.
Compare WellsTrade with eToro and IC Markets below.
How WellsTrade Trading Options Compare Against Other Brokers
Broker |
wellstrade
![]() |
eToro
![]() |
IC Markets
![]() |
Roboforex
![]() |
Instruments Available | 254 | 2000 | 232 | 100 |
Platforms | iPhone,Tablet,Mac,Android,WEB | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps |
FX / Currencies | ||||
Forex pairs offered | 50 | 65 | 35 | |
Major Forex pairs | No | Yes | Yes | Yes |
Minor Forex pairs | No | Yes | Yes | Yes |
Exotic Forex pairs | No | Yes | Yes | Yes |
Cryptocurrencies (availability subject to regulation) | No | Yes | Yes | No |
Commodity CFDs | ||||
Commodities Offered | 0 | 31 | 19 | 21 |
Metals | No | Yes | Yes | Yes |
Energies | No | Yes | Yes | No |
Agricultural | No | Yes | Yes | No |
Indiced & Stock CFDs | ||||
Stocks Offered | 2042 | 110 | 0 | |
UK Shares | No | Yes | Yes | Yes |
US Shares | No | Yes | Yes | Yes |
German Shares | No | Yes | Yes | Yes |
Japanese Shares | No | Yes | Yes | Yes |
Risk Warning |
Visit WellsTrade
Your capital is at risk |
Visit eToro
78% of retail investor accounts lose money when trading CFDs with this provider. |
Visit IC Markets
Losses can exceed deposits |
Visit Roboforex
Losses can exceed deposits |
WellsTrade review
Trading on WellsTrade web platforms and other applications
WellsTrade offer a user-friendly custom trading platform, available as a browser based web application. If you would rather see a comparison of MT4 brokers, you can so here.
A WellsTrade iOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device.
WellsTrade also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.
See WellsTrade's platformsIs the WellsTrade Trading Platform Secure?
WellsTrade safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. WellsTrade also urges its clients through its web platform to always look for the SSL security sign (a lock sign) on the browser while operating WellsTrade.
WellsTrade Trading Platform Options
WellsTrade does not offer the MetaTrader 4 (MT4), MetaTrader 5 (MT5) or cTrader trading platforms.
WellsTrade offer an their own custom trading platform developed and tested in house. The WellsTrade trading platform allows traders to track their portfolios, track the current markets, locate trade ideas and place trades.
The WellsTrade platform allows traders to filter the financial marketplace for trade opportunities that match a criteria.
With WellsTrade you can look for and examine opportunities with actionable research and stock evaluations. Get streaming real-time information on the WellsTrade platform including news and quotes. Discover possible trades with the strong charting tools found with WellsTrade. WellsTrade is available as downloadable applications or online through the cloud. Monitor your orders with WellsTrade and receive breaking news in your positions.
WellsTrade Trading benefits
- Low min deposit
WellsTrade Trading Accounts Offered
Below we give an overview on the account types that WellsTrade offer. Whatever you are looking to trade the varying WellsTrade account types will be able to provide you with what you need.
- Demo account
- Micro account
- Standard account
Can I try WellsTrade?
WellsTrade offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade
Your capital is at risk
WellsTrade withdrawal and funding methods
Please note that the list of WellsTrade payment methods below depend on the WellsTrade Entity and the Clients Country of Residence.
All available WellsTrade payment methods available to you can be found in your WellsTrade members area checked on the WellsTrade website.
WellsTrade offer the below funding payment methods. You can use any of the below deposit options if available in your region. learn more about WellsTrade
WellsTrade Payment Methods
- WellsTrade accepts Credit cards
- WellsTrade accepts Skrill
- WellsTrade accepts Neteller
Broker |
wellstrade
![]() |
eToro
![]() |
IC Markets
![]() |
Roboforex
![]() |
Bank transfer | No | Yes | Yes | Yes |
Credit Cards | Yes | Yes | Yes | Yes |
Paypal | No | Yes | Yes | No |
Skrill | Yes | Yes | Yes | Yes |
Payoneer | No | Yes | No | Yes |
Neteller | Yes | Yes | Yes | Yes |
*please note available WellsTrade and other broker payment methods depend on the clients country of residence.
How can I start trading with WellsTrade?
When opening a trading account with WellsTrade, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on WellsTrade trading platforms here. You will need to provide some basic documentation to prove your identity as part of WellsTrade onboarding and normal KYC identity checks. These checks are standard practice and help WellsTrade provide a safe financial environment for their 10,000 users.
Your capital is at risk
Performing trades with WellsTrade
WellsTrade allow you to execute a minimum of trade of $5.95. This may vary depending on the account you open. WellsTrade allow you to execute a maxium trade of varies.
As a market maker, WellsTrade may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.
As with most brokers, margin requirements do vary depending on the instruments.
Education Resources at WellsTrade
To trade effectively with WellsTrade, it's important to get a have a good understanding of the WellsTrade trading tools and the markets. Make sure you make full use of all education tools. This includes eduction tools with WellsTrade and externally.
WellsTrade offer a good selection of educational resources. Take your time, learn how the financial markets move. Take the time to learn how your trading platform works. Make buy/sell trades, learn how to take advantage of global trading times and most importantly learn how to mitigate and manage investing risk.
Having an analytical approach may be a good way to approach trading with WellsTrade.
Take time to look around the WellsTrade platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.
Customer Support at WellsTrade
As part of our WellsTrade review we review customer service options, response times and WellsTrade trading platform problem resolution effectiveness.WellsTrade support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian.
WellsTrade have a B grade support rating because sometimes the reposonse was slow or our query wasnt answered. WellsTrade offer email support and supports a limited amount of Languages. Live chat support supports a limited amount of Languages. Phone support supports a limited amount of Languages.
Livechat Support at WellsTrade
We tested the WellsTrade live chat and it works well. We sent messages to WellsTrade livechat through their app and website and recieved a response within 20 minutes.
We tested communicating with WellsTrade support in multiple languages in multiple countries. WellsTrade where able to resolve our customer issues.
Email Support at WellsTrade
We sent several emails to WellsTrade and answer times overall were excellent. The fastest response from WellsTrade was less than 40 minutes and the slowest response was 2 days. Support response times may vary for you with WellsTrade, but this was our experience sending 10 emails at varying times.
The team resolved and answered our queries. Overall average email support from WellsTrade.
Phone Support at WellsTrade
We called WellsTrade and the call was answered very quickly. The call was answered in less than 5-10 minutes.
The WellsTrade phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual WellsTrade team by calling in varying languages. WellsTrade made an effort to make sure our queries were answered.
Overall the phone support from WellsTrade was average.
See how WellsTrade Support Compares Against Other Brokers
Broker |
wellstrade
![]() |
eToro
![]() |
IC Markets
![]() |
Roboforex
![]() |
Support |
|
|
|
|
Languages | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian | English, German, Spanish, French, Italian | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian |
Learn More | Visit WellsTrade | Visit eToro | Visit IC Markets | Visit Roboforex |
Risk Warning | Your capital is at risk | 78% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | Losses can exceed deposits |
What you will need to open an account with WellsTrade
As WellsTrade is regulated by Unregulated, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:
- Be aware that the expiration date of Proof of address document for different entities under WellsTrade Brand may be different.
- A scanned colour copy of your passport, driving license or national ID
- A utility bill or bank statement from the past three months showing your address
You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 5 minutes or so to complete the account opening process.
While you might be able to explore WellsTrade's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.
To start the process of opening an account with WellsTrade you can visit the WellsTrade trading platform here.
CFDs are leveraged products and can result in significant losses, excess of your invested capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.wellsfargo.com/investing/wellstrade-online-brokerage/ on August 12, 2022.
Is WellsTrade A Good Broker?
We spent over 3 months examining WellsTrade in depth. Although we found some very useful aspects of the WellsTrade platform that would be useful to some traders, our overall our feeling is that you would be better served with an alternative to WellsTrade.
- WellsTrade have a good track record of offering Forex trading, Social trading, Share Dealing.
- WellsTrade has a history of over 14 years.
- WellsTrade has a reasonable sized customer support of at least 10.
- WellsTrade are regulated by the Unregulated. This means WellsTrade fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
- WellsTrade have regulation from reputable regulators.
- WellsTrade has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
- WellsTrade have an international presence in multiple countries. This includes local WellsTrade seminars and training.
- WellsTrade are able to hire people from various locations in the world who can better communicate in your local language.
WellsTrade Risk Disclosure
Your capital is at risk
Trading Risk Disclaimer
Trading financial instruments including crpytocurrency and foreign currency markets come with a very high level of risk. In regards to leverage and margin based trading you will be exposed to a high risk of loss. Some financial instruments and derivatives that are off exchange may offer varying leverage and may have limited regulatory protection and high market volatility. It should never be presumed that any investment products, techniques, indicators or any other presented resources will result in profits. You should be aware that investing may result in financial loss.
WellsTrade not quite right?
If after reading this WellsTrade review, WellsTrade does not fulfill your needs check out these WellsTrade Alternatives.
Click here to view the best WellsTrade Alternatives
We have spent years researching the best alternatives to WellsTrade. Click the links below to learn more.
If you feel some of the above WellsTrade are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of WellsTrade alternatives below.
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Related WellsTrade Vs Comparisons
We have covered allot in this WellsTrade review, If you want to see how WellsTrade compares side by side with other brokers check out our WellsTrade Vs pages.
If you would like to see how WellsTrade stands up against other brokers you can read some of our WellsTrade comparisons below. We compare side by side some of our top rated WellsTrade versus comparisons. Read our indepth WellsTrade VS pages below.
- WellsTrade vs eToro
- WellsTrade vs ICMarkets
- WellsTrade vs Roboforex
- WellsTrade vs AvaTrade
- WellsTrade vs XTB
- WellsTrade vs XM
- WellsTrade vs Pepperstone
- WellsTrade vs FPMarkets
- WellsTrade vs Trading212
- WellsTrade vs NordFX
- WellsTrade vs Plus500
- WellsTrade vs easyMarkets
- WellsTrade vs FxPro
- WellsTrade vs SpreadEx
- WellsTrade vs AdmiralMarkets
- WellsTrade vs ThinkMarkets
- WellsTrade vs HYCM
- WellsTrade vs Axitrader
- WellsTrade vs ForexMart
- WellsTrade vs Eightcap
- WellsTrade vs ForTrade
- WellsTrade vs PhoenixMarkets
- WellsTrade vs ETFinance
- WellsTrade vs EZINVEST
- WellsTrade vs FXPrimus
- WellsTrade vs InteractiveBrokers
- WellsTrade vs LondonCapitalGroup
- WellsTrade vs Forex.com
WellsTrade review
WELLSTRADE Frequently Asked Questions
Read our detailed WellsTrade FAQ Section updated for 2022.
Can I try WellsTrade?
WellsTrade offer a demo account so you can try the WellsTrade platform with virtual trading before you put down a payment. Virtual trading with WellsTrade is zero risk. Learn more here
What funding methods do WellsTrade accept?
Please note that the list of payment methods below depend on the WellsTrade Entity and the Clients Country of Residence.
WellsTrade offer the following funding payment methods Credit cards, Skrill, Neteller, among other payment methods.
Learn more here
Is WellsTrade safe?
While WellsTrade may not be considered unsafe, they are not regulated or supervised by any major regulatory body. Depending on your trading style this may be okay. We recommend you trade with a regulated broker.Any payments funded to WellsTrade accounts by traders are held in a segregated bank account. For added security WellsTrade use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.
Your capital is at risk
Is WellsTrade trading good?
WellsTrade is considered good and reputable to trade with WellsTrade. WellsTrade is used by over 10,000 traders and WellsTrade users. WellsTrade offers Forex trading, Social trading, and Share Dealing trading. Minimum deposit with WellsTrade is 30.
Is WellsTrade trading Legit?
WellsTrade was founded in United States in 2008. WellsTrade has been facilitating trade on the financial markets for over 14 years. WellsTrade offers clients Forex trading, Social trading, and Share Dealing trading. All funds deposited to WellsTrade are held in segregated bank accounts for security. WellsTrade is not regulated. Although this doesnt mean WellsTrade are awful, we recommend trading with regulated brokers.
Is WellsTrade a good broker?
WellsTrade is overseen by the top tier financial regulators Unregulated so can be considered a good broker. WellsTrade allows Forex trading, Social trading, and Share Dealing trading.
Is WellsTrade trustworthy broker?
While having many plus points because WellsTrade is not regulated we personally would not trade with them. Make any broker you trade with is regulated and places any funded money into segregated bank accounts. If your money is in a segregated bank account the broker has no direct access to your funds so cannot misappropriate your money.
What is the minimum deposit for WellsTrade?
The minimum deposit to trade with WellsTrade is 30.
How long do WellsTrade withdrawals take?
Withdrawing money from WellsTrade processing time varies depending on the method but averages 2-5 days.
Is WellsTrade regulated?
WellsTrade is not regulated by a top tier financial regulator.
Is WellsTrade a market maker?
WellsTrade is a not a market maker. A market maker speeds up trading as a market maker will purchase your stocks and commodities even is a buyer is not lined up.
How can I start trading with WellsTrade?
When opening a trading account with WellsTrade, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on WellsTrade trading platforms here.
Is my money safe with WellsTrade?
WellsTrade is regulated by the Unregulated. One of the most important criteria for traders when choosing a broker like WellsTrade is the regulatory body and regulatory status of the broker.
Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.
Regulated brokers are highly unlikely to manipulate market prices due to the regulations imposed. When you send in a withdrawal request to WellsTrade, this will be honored.
If they violate any regulatory rules their regulated status can be stripped.
Is WellsTrade a con?
While we would noy say that WellsTrade is a con. Because they are not regulated by a top tier financial regulator we would not trade with them.
Can you make money with WellsTrade?
Although traders have had great success with WellsTrade. Trading on the financial markets with WellsTrade is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.
Does WellsTrade have fees?
WellsTrade withdrawal fees varies on payment method.WellsTrade does charge a fee for inactive accounts. WellsTrade does charge deposit fees.
When was WellsTrade founded?
WellsTrade was founded in 2008.
How many people use WellsTrade?
WellsTrade is used by over 10,000 registered WellsTrade users.
What is WellsTrade Headquarters country?
WellsTrade has its head quarters office in United States .
Does WellsTrade offer negative balance protection?
WellsTrade does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.
Does WellsTrade offer guaranteed stop loss?
WellsTrade does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.
Does WellsTrade allow scalping?
WellsTrade does not offer scalping.
Does WellsTrade allow hedging?
WellsTrade does not offer hedging.
Does WellsTrade offer CFD trading?
WellsTrade does not offer CFD trading.
Does WellsTrade offer STP?
WellsTrade does not offer STP trading.
How many people use WellsTrade?
WellsTrade is used by over 10000 WellsTrade users and traders.
Is WellsTrade an ECN broker?
WellsTrade does not offer ECN trading.
Does WellsTrade offer a demo account?
WellsTrade offers a demo account.
Does WellsTrade offer an Islamic account?
WellsTrade does not offer Islamic accounts.
What are the funding methods for WellsTrade?
Please note that funding methods and funding options available with WellsTrade can be found in the WellsTrade Members area and depend on the WellsTrade client’s country of residence. Please check your specific available payment methods on the WellsTrade website. WellsTrade accept the following funding methods : Credit cards, Skrill, Neteller.