Alfa Forex
Amscot Stockbroking
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Alfa Forex was founded in 2011 and is headquartered in Cyprus, while Amscot Stockbroking was established in 1853 and is based in Austrailia. Alfa Forex holds licences including Securities and Exchange Commission (SEC), while Amscot Stockbroking is regulated by Ministry of Economic Affairs and Communications (Estonia) among others. Alfa Forex serves 10,000+ clients worldwide; Amscot Stockbroking has 10,000+. The minimum deposit is $0 at Alfa Forex and $500 at Amscot Stockbroking.
| Feature | Alfa Forex | Amscot Stockbroking |
|---|---|---|
| Min. Deposit | $0 | $500 |
| Regulation | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) | Ministry of Economic Affairs and Communications (Estonia) |
| Founded | 2011 | 1853 |
| Country | Cyprus | Austrailia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Alfa Forex and Amscot Stockbroking, directly affecting your bottom line as a trader. Alfa Forex has a lower barrier to entry with a minimum deposit of $0 (vs $500 at Amscot Stockbroking). Both brokers charge withdrawal fees. Alfa Forex applies inactivity fees on dormant accounts; Amscot Stockbroking does not. Overall, Alfa Forex scores higher on fees in our assessment.
| Feature | Alfa Forex | Amscot Stockbroking |
|---|---|---|
| Min. Deposit | $0 | $500 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Alfa Forex offers MT4, MT5, cTrader, while Amscot Stockbroking supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Alfa Forex supports social and copy trading features, which Amscot Stockbroking does not offer. Alfa Forex edges ahead on platform breadth and functionality in our scoring.
| Feature | Alfa Forex | 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 | IRESSTrader,IRESSInvestor,netIRESS,XPLAN |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Alfa Forex and Amscot Stockbroking compare. Alfa Forex has a video library; Amscot Stockbroking does not. Alfa Forex integrates third-party research tools (Autochartist); Amscot Stockbroking does not. Alfa Forex scores higher overall in education and research.
| Feature | Alfa Forex | Amscot Stockbroking |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Alfa Forex accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Amscot Stockbroking supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Alfa Forex | Amscot Stockbroking |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Alfa Forex and Amscot Stockbroking offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | Alfa Forex | Amscot Stockbroking |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |