WellsTrade is a brokerage service of the U.S. banking giant Wells Fargo Bank. It is expensive to invest in or trade stocks and ETFs with WellsTrade: at $8.95 per trade the rate is higher than the average among online brokerage firms. The pricing, however, drops to a reasonable $6.95 per trade for those who are willing to hold $25,000 in PMA package bank accounts or to have $50,000+ brokerage balance and open PMA checking account too. Mutual funds are not cheap at $35 per transaction. The company has shortened extended hours trading, and charges huge commissions on penny stock trades.
WellsTrade is offering its account holders a full range of banking services through its parent company Wells Fargo bank. The firm provides very good selection of independent, third party investment research from a few sources.
Unlike most other brokerage firms, WellsTrade charges $25 annual minimum account balance fee if account value is less than $5,000. The company has very high margin rates and suffers from slow-to-respond customer service. Its trading tools are archaic and slow compared to the competition.
For investors with large portfolios ($100,000+), Wells Fargo has a private advisory group. This enables them to gain the benefits and attention given to clients at large brokerage houses, while retaining the benefits found in the banking environment. The clients are offered additional perks and special pricing on services beyond their investments.
|Trading Platforms||WellsTrade Website, Mobile Trading|
|Phone:||1-800-869-3557, 1-800-956-4442, 1-800-877-4833|
|Address:||San Francisco, California, United States|
Won’t work for me. Keep getting error after I put in my zip code.  John   2016/10/11 20:25
Wife and I both opened online and both received the bonus already.  Ken   2016/10/11 20:25
did you have to file what they call a w-9 form? it says they cannot pay the bonus until you do in the fineprint? i have a social security # which i provided in the application is that enough? Also, how long did it take to get the bonus from when you opened the account? Last question Ken, thank you in advance, had you ever opened a checking account with WF before? I had an account like 5 years ago & just opened one this month for the bonus, never had the bonus before, just wondering how soon I should expect it already made the 10 combined payments/purchasesKen 2016/10/11 20:25
No w-9 form, I don’t even know what that is. Opened on Jan 12, received bonus Jan 29th. This is the first checking account with Wells Fargo for both of us.Ken 2016/10/11 20:25
thank you again for replying & infoKen 2016/10/11 20:25
Wells Fargo site said I could do credit card funding up to $500. I did $500 but after signing up for online banking I found that the account only got funded with $50. (I know I didn’t type $50 instead of $500). Oh, well. Still meets the Opening minimum opening deposit requirements for the bonus I was just wanting more credit card reward points.  DoeBoy   2016/10/11 20:28
Same old error after I click on their link to open the everyday checking account.DoeBoy 2016/10/11 20:28
Please update the stated expiration of 12/22/2015.  Ken   2016/10/11 20:28
Not available nationwide. I entered my zip code and they “weren’t able to locate it”. They should at least give you an “I’m sorry.”  john_mccann   2016/10/11 20:32
Link leads to error. I called and you need a code.  john_mccann   2016/10/11 20:32
I saw this offer too, but my friend couldn’t access it. May be targeted. It goes to this link http://www.wellsfargo.com/jump/checking/100-offer. You can get the offer from that pg directly  yipps   2016/10/11 20:32
Must be targeted. Same link,same error message. Thanks for tryin’.yipps 2016/10/11 20:32
It does take me to their page to open the account. When I click on the ‘get started’ that’s where the error occurs.yipps 2016/10/11 20:32
The URLs in the button is https://www.wellsfargo.com/wf/product/apply?prodSet=APP2K&prodCode=CHK-RC&mktoffer=HPP100&destination=DMOC&account_type=CHK. Took me into the appyipps 2016/10/11 20:32
Nope.yipps 2016/10/11 20:32
says it is expiredyipps 2016/10/11 20:32
where can we get the $100 or $200 coupon code? thanks.  Larry   2016/10/11 20:32
Bonus offer for Wells Fargo Bank now is $200 to open an account. You must be a brand new customer. Cannot have any current Wells Fargo checking or savings accounts. Only requirement is to use your debit card 10 times in first 30 days OR $500 direct deposit. Either one and in 30 days they will deposit $200 in to your account. You just have to fund the account with $50 @ opening to activate the account code.  Ronald   2016/10/11 20:32
Wells Fargo Wells Trade blocked my access to my online brokerage account just after I used my account first time to purchase stocks. They provided irrelevant and invalid reasons for restricting my online access to brokerage account and asked me to complete and sign new application forms which have some new arbitration clauses added that require me to give up my right to sue them in case of any disputes. This is vey unfair !!! My online access to the brokerage account was restricted in a manner that could result in significant financial loss. I am now being forced to either have my brokerage account closed and have my assets liquidated OR complete & sign their new application forms with the arbitration clause added.  New-investor   2016/12/28 17:36
I have a fairly large portfolio with WF, so I do not pay an annual maintenance fee. However, I was surprised that I was charged a 3% commission on 2 recent stock trades. A year ago I paid 2%, which I already thought was very high. I don't understand why this particular site says there is a $33.95 fee for a "broker-assisted commission. If anyone can explain, I'd appreciate it.  Myla   2017/2/10 15:11