afx group
Amscot Stockbroking
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Overview
afx group was founded in 2013 and is headquartered in Geneva, while Amscot Stockbroking was established in 1853 and is based in Austrailia. afx group holds licences including Financial Conduct Authority (FCA), while Amscot Stockbroking is regulated by Ministry of Economic Affairs and Communications (Estonia) among others. afx group serves 14,000,000+ clients worldwide; Amscot Stockbroking has 10,000+. The minimum deposit is $250 at afx group and $500 at Amscot Stockbroking.
| Feature | afx group | Amscot Stockbroking |
|---|---|---|
| Min. Deposit | $250 | $500 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F220 | Ministry of Economic Affairs and Communications (Estonia) |
| Founded | 2013 | 1853 |
| Country | Geneva | Austrailia |
| Clients | 14,000,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between afx group and Amscot Stockbroking, directly affecting your bottom line as a trader. afx group has a lower barrier to entry with a minimum deposit of $250 (vs $500 at Amscot Stockbroking). Amscot Stockbroking charges withdrawal fees while afx group does not, giving afx group an edge for frequent withdrawers. Overall, afx group scores higher on fees in our assessment.
| Feature | afx group | Amscot Stockbroking |
|---|---|---|
| Min. Deposit | $250 | $500 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
afx group offers MT4, MT5, cTrader, while Amscot Stockbroking supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. afx group edges ahead on platform breadth and functionality in our scoring.
| Feature | afx group | Amscot Stockbroking |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | IRESSTrader,IRESSInvestor,netIRESS,XPLAN |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how afx group and Amscot Stockbroking compare. afx group runs regular live webinars; Amscot Stockbroking does not. afx group has a video library; Amscot Stockbroking does not. afx group publishes daily market commentary; Amscot Stockbroking does not. afx group integrates third-party research tools (Trading Central); Amscot Stockbroking does not. afx group maintains an archive of past webinars for on-demand viewing. afx group scores higher overall in education and research.
| Feature | afx group | Amscot Stockbroking |
|---|---|---|
| Forex Education | No | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. afx group accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while Amscot Stockbroking supports 2 (bank transfer, credit/debit card). afx group uniquely supports PayPal and Skrill and Neteller among the two brokers. afx group scores higher on deposit and withdrawal flexibility.
| Feature | afx group | Amscot Stockbroking |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both afx group and Amscot Stockbroking offer live chat support. Both provide phone support. Email support is available at both brokers. afx group supports 8 languages and Amscot Stockbroking supports 2, giving afx group broader global reach. Both brokers are comparable on support quality.
| Feature | afx group | Amscot Stockbroking |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, and Chinese |