Amscot Stockbroking
AvaTrade
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Overview
Amscot Stockbroking was founded in 1853 and is headquartered in Austrailia, while AvaTrade was established in 2006 and is based in The British Virgin Islands. Amscot Stockbroking holds licences including Ministry of Economic Affairs and Communications (Estonia), while AvaTrade is regulated by Central Bank of Ireland among others. Amscot Stockbroking serves 10,000+ clients worldwide; AvaTrade has 200,000+. The minimum deposit is $500 at Amscot Stockbroking and $250 at AvaTrade.
| Feature | Amscot Stockbroking | AvaTrade |
|---|---|---|
| Min. Deposit | $500 | $250 |
| Regulation | Ministry of Economic Affairs and Communications (Estonia) | Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI) |
| Founded | 1853 | 2006 |
| Country | Austrailia | The British Virgin Islands |
| Clients | 10,000+ | 200,000+ |
Fees
Fees are a critical factor when choosing between Amscot Stockbroking and AvaTrade, directly affecting your bottom line as a trader. AvaTrade has a lower barrier to entry with a minimum deposit of $250 (vs $500 at Amscot Stockbroking). Amscot Stockbroking charges withdrawal fees while AvaTrade does not, a notable advantage for frequent withdrawers. Overall, AvaTrade scores higher on fees in our assessment.
| Feature | Amscot Stockbroking | AvaTrade |
|---|---|---|
| Min. Deposit | $500 | $250 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Amscot Stockbroking offers MT5, cTrader, while AvaTrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. AvaTrade supports social and copy trading features, which Amscot Stockbroking does not offer. AvaTrade edges ahead on platform breadth and functionality in our scoring.
| Feature | Amscot Stockbroking | AvaTrade |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | IRESSTrader,IRESSInvestor,netIRESS,XPLAN | MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Amscot Stockbroking and AvaTrade compare. AvaTrade has a video library; Amscot Stockbroking does not. AvaTrade integrates third-party research tools (Autochartist); Amscot Stockbroking does not. AvaTrade scores higher overall in education and research.
| Feature | Amscot Stockbroking | AvaTrade |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Amscot Stockbroking accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while AvaTrade supports 4 (bank transfer, credit/debit card, PayPal, Neteller). AvaTrade uniquely supports PayPal and Neteller among the two brokers. AvaTrade scores higher on deposit and withdrawal flexibility.
| Feature | Amscot Stockbroking | AvaTrade |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | No |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Amscot Stockbroking and AvaTrade offer live chat support. Both provide phone support. Email support is available at both brokers. Amscot Stockbroking supports 2 languages and AvaTrade supports 6, giving AvaTrade broader global reach. Both brokers are comparable on support quality.
| Feature | Amscot Stockbroking | AvaTrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Italian, German, French, Greek, and Hebrew |