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WellsTrade is an online trading broker owned by WellsFargo, a US-based multinational financial services company founded in 1852, which has since grown to become one of the world’s largest banks.
The broker offers a vast range of trading instruments across multiple asset classes including stocks, options, mutual funds, bonds, ETFs, and CDs. Traders who use Wells Fargo for their banking services would consider the broker as a worthy choice.
WellsTrade Platforms & Tools
WellsTrade investment and banking accounts can be accessed 24/7 on computers and mobile devices for convenient money management. Traders can check their account activity, balances, holdings, and performance; they can also stay informed using real-time quotes, charts, market news, screeners, and watchlists. The mobile app is useful for those who wish to place and manage trades while on the go from anywhere in the world, provided there is an internet connection.
The broker also provides clients with its proprietary and third-party trading tools such as Portfolio Tracker, Screener Tools, Industry Watch & Performance Ratings, Real-Time Market News, Economic Outlook & Intraday Reports, In-depth Market Insights & Commentary, and more.
WellsTrade Research & Education
WellsTrade supply clients of all experience levels with educational resources that educate and inform them on the factors that move the markets. They include investing basics, in-depth market insights and commentary, and investment ideas from Wells Fargo advisors & industry experts.
WellsTrade Trading Accounts
The broker offers traders the following account types:
- Standard Account: This is the general investing account for trading stocks, ETFs, Options, mutual funds, bonds, CDs, and more.
- Roth IRA and Traditional IRA: These are savings accounts that can be used for retirement planning. There is also an education savings account to plan for the future.
A WellsTrade account that is opened online comes with brokerage cash services that offer additional money-movement options such as online money transfers between your Wells Fargo accounts and mobile check deposits.
There is no minimum deposit required to open an account. Traders can conveniently manage, plan, select, and monitor their investment portfolio with trading tools and independent investment resources.
WellsTrade Account Funding
WellsTrade’s clients can make deposits and withdrawals online through the mobile platform using wire transfers. They can also transfer funds and securities from an existing brokerage account at another firm, mail in checks, or go into a Wells Fargo branch to transfer funds in person. The transaction fees and processing time may vary, depending on the payment method used.
WellsTrade Customer Service
The broker offers a knowledgeable customer support team that is available 24/7 to assist traders, but they can only be reached via telephone.
WellsTrade accounts are offered through Wells Fargo Clearing Services, LLC (WFCS) which is a member of the Financial Industry Regulatory Authority (FINRA) in the United States. FINRA is a non-governmental organization that regulates member brokerage firms and exchange markets.
WellsTrade Review Summary
WellsTrade is an online brokerage firm that has huge backing from Wells Fargo. They offer clients a range of trading instruments across different asset classes.
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