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Switzerland|1-2 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|


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+41 912087655
Werftestrasse 4, 6005, Luzern, Switzerland


No valid regulatory information, please be aware of the risk!

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Previous Detection : 2024-03-04
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Wellstrader · Company Summary

Wellstrader Review Summary in 10 Points
Founded 1974
Registered Country/Region Switzerland
Regulation Unregulated
Market Instruments Spread betting, CFDs, Shares, ETFs, Foreign exchange on margin
Demo Account Not Available
Leverage Not disclosed
EUR/USD Spread Not disclosed
Trading Platforms WebTrader
Minimum Deposit USD 500
Customer Support Email, Address, Phone, Contact us form

What is Wellstrader?

Wellstrader, a brokerage firm based in Switzerland, extends a variety of market instruments to its clients, including Spread Betting, CFDs, Shares, ETFs, and Foreign Exchange on margin. However, it is crucial to underscore that the brokerage presently runs without any valid regulatory supervision which might raise concerns when trading.

Wellstrader's home page

In the ensuing analysis, we will methodically assess the attributes of this broker from a variety of perspectives in order to deliver in-depth and systematic information. If this topic appeals to you, we suggest you to continue reading. Upon completion of this review, a brief summary will be provided, giving you a quick overview of the broker's distinct characteristics.

Pros & Cons

Pros Cons
• Wide range of trading instruments across multiple asset classes • Unregulated
• Stop-loss applied • Limited info on leverage/spreads/commissions
• Multiple account types • No MT4/5 platforms
• Relatively high minimum deposit

Wellstrader presents a mix of advantages and disadvantages for potential traders.

On the positive side, the brokerage offers a broad spectrum of trading instruments spanning various asset classes, providing traders with ample diversification opportunities. The application of stop-loss adds a risk management tool to help protect investments. Additionally, Wellstrader provides multiple account types to cater to different trading preferences.

However, there are notable drawbacks to consider, including the lack of regulatory oversight, which may raise concerns about the safety of funds. Limited information on critical trading parameters like leverage, spreads, and commissions can make it challenging for traders to make informed decisions. The absence of the popular MT4 and MT5 trading platforms may disappoint those accustomed to these industry-standard tools. Furthermore, the relatively high minimum deposit requirement could be a barrier for traders with limited capital.

Thus, individuals interested in Wellstrader should weigh these pros and cons carefully when evaluating the brokerage for their trading needs.

Is Wellstrader Safe or Scam?

When considering the safety of a brokerage like Wellstrader or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:

  • Regulatory sight: At present, Wellstrader is functioning without any legitimate regulatory supervision, which is a critical aspect to consider. Prospective clients are highly recommended to conduct an exhaustive inquiry and to deliberate on the potential risks partnered with associating with such a brokerage.

  • User feedback: Evaluating the comments and experiences shared by previous clients of the brokerage may elicit useful insights into their dealings with the firm. It's crucial to acquire this information from trustworthy websites and online discussion forums.

  • Security measures: Wellstrader places a high premium on security, employing measures like stop-loss to mitigate trading risks, and maintaining segregated accounts for enhanced financial safety. Its anti-money laundering policies further underscore its commitment to adhere to legal standards and maintain the integrity of transactions.

In the end, the choice to trade with Wellstrader is a personal judgement. You are encouraged to meticulously consider the potential risks and benefits before coming to a conclusive decision.

Market Instruments

The broker, Wellstrader, purveys an extensive range of market instruments to cater to a wide array of trading requirements.

They provide Spread Betting, a financial product that allows traders to speculate on the direction of price movements.

Similarly, they also offer Contract for Difference (CFDs), allowing clients to speculate on financial markets without owning the underlying asset.

Their range extends to direct investment options like Shares and Exchange-Traded Funds (ETFs), facilitating direct participation in market equity and diverse sectors.

Lastly, they feature Foreign Exchange on Margin, permitting clients to engage in forex trading with a fraction of the position size as margin.

This assortment of instruments ensures that clients have plenty of options to align with their strategies and risk tolerance.

Account Types

Wellstrader offers a diverse range of account types to cater to the unique financial needs and trading preferences of its clients.

Starting with the Micro Account, traders can begin their journey with a minimum deposit of $500, making it an option for those looking to dip their toes into the world of trading.

The Standard Account, with a minimum deposit of $5,000, offers more extensive features and capabilities, ideal for those seeking a balanced trading experience.

For the more discerning trader, Wellstrader offers the VIP Account, requiring a minimum deposit of $100,000. This account type grants access to premium services, enhanced trading tools, and personalized support.

Finally, the elite traders can opt for the prestigious PLATINUM ELITE Account, which mandates a minimum deposit of $250,000. This top-tier account provides a wealth of exclusive benefits, including priority access to market insights, lower fees, and a dedicated account manager.

Account Types

Trading Platforms

The broker's platform, WebTrader, is a versatile and accessible trading solution that caters to the modern trader's needs across various devices and operating systems.

Whether you prefer the convenience of trading from your web browser, the familiarity of a Windows application, or the mobility offered by iOS and Android devices, WebTrader has you covered.

Its web-based interface ensures seamless access from any browser, eliminating the need for downloads or installations. The Windows application provides a feature-rich desktop trading experience for those who prefer a dedicated platform. Additionally, the mobile apps for iOS and Android devices enable traders to stay connected and make informed decisions on the go.

Trading Platforms

Trading Tools

Wellstrader provides traders with a valuable trading tool in the form of an economic calendar. This tool is an essential resource for traders of all levels, as it offers a comprehensive and up-to-date schedule of important economic events, announcements, and indicators from around the world.

With the economic calendar, traders can anticipate and track events such as interest rate decisions, employment reports, GDP releases, and more, which can significantly impact financial markets.

By staying informed about these events and their potential market impact, traders can make well-informed decisions, adjust their trading strategies, and manage risk effectively.

Wellstrader's economic calendar is a crucial component of its platform, helping traders navigate the dynamic and ever-changing world of financial markets with confidence.

economic calendar

Deposits & Withdrawals

Wellstrader offers a variety of deposit and withdrawal methods to accommodate its clients.

Deposits can be made via Bank/Wire Transfer, legitimate crypto wallets, or Credit/Debit cards, with a minimum deposit amount of $250 USD for cards. Once a deposit is confirmed, it may take up to 5 business days for Bank/Wire Transfer funds to appear in the trading account.

Withdrawals must be performed using the same bank account or Credit/Debit card used for deposits and are generally processed within 4-7 business days.

The broker may charge commissions on each payment and inactivity accounts, interested traders should reach Wellstrader directly for details.

Payment Options

Customer Service

Wellstrader provides multiple avenues for customer support, ensuring accessibility and convenience. Clients can reach out via email, address, phone, or a user-friendly “Contact Us” form.


Phone: +41245087285.

Headquarter: Werftestrasse 4, 6005, Luzern, Switzerland.

contact details


Wellstrader, a Switzerland-based brokerage, offers a wide array of market instruments encompassing Spread betting, CFDs, Shares, ETFs, and Foreign exchange on margin.

However, it's important to note that the company currently lacks validated regulatory oversight, which may raise concerns regarding its trustworthiness. Potential traders should exercise caution, conducting thorough due diligence on Wellstrader's credibility. Considering alternative regulated brokerages with transparency, security, and accountability is recommended for a safer trading experience for interested traders.

Frequently Asked Questions (FAQs)

Q 1: Is Wellstrader regulated?
A 1: No. It has been verified that this broker is currently under no valid regulation.
Q 2: What kind of trading instruments does Wellstrader offer?
A 2: Wellstrader is an Switzerland-based brokerage firm offers Spread betting, CFDs, Shares, ETFs, Foreign exchange on margin as market instruments to traders.
Q 3: Is Wellstrader a good broker for beginners?
A3: No. It is not a good choice for beginners because of its unregulated condition.
Q 4: Does Wellstrader offer the industry leading MT4 & MT5?
A 4: No.
Q 5: Does Wellstrader offer a demo account?
A 5: No.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

Broker Information

Company Name


Company Abbreviation


Regulatory Status

No Regulation

Platform registered country and region


Company website
Phone of the company
  • +41 912087655









Company address
  • Werftestrasse 4, 6005, Luzern, Switzerland









Customer Service Email Address

Company Summary

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