Amscot Stockbroking
Baker Young Stockbrokers
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Overview
Amscot Stockbroking was founded in 1853 and is headquartered in Austrailia, while Baker Young Stockbrokers was established in 2017 and is based in Australia. Amscot Stockbroking holds licences including Ministry of Economic Affairs and Communications (Estonia), while Baker Young Stockbrokers is regulated by Unregulated among others. Amscot Stockbroking serves 10,000+ clients worldwide; Baker Young Stockbrokers has 10,000+. The minimum deposit is $500 at Amscot Stockbroking and $200 at Baker Young Stockbrokers.
| Feature | Amscot Stockbroking | Baker Young Stockbrokers |
|---|---|---|
| Min. Deposit | $500 | $200 |
| Regulation | Ministry of Economic Affairs and Communications (Estonia) | Unregulated |
| Founded | 1853 | 2017 |
| Country | Austrailia | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Amscot Stockbroking and Baker Young Stockbrokers, directly affecting your bottom line as a trader. Baker Young Stockbrokers has a lower barrier to entry with a minimum deposit of $200 (vs $500 at Amscot Stockbroking). Both brokers charge withdrawal fees. Baker Young Stockbrokers charges deposit fees; Amscot Stockbroking does not. Overall, Baker Young Stockbrokers scores higher on fees in our assessment.
| Feature | Amscot Stockbroking | Baker Young Stockbrokers |
|---|---|---|
| Min. Deposit | $500 | $200 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Amscot Stockbroking offers MT5, cTrader, while Baker Young Stockbrokers supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Baker Young Stockbrokers supports social and copy trading features, which Amscot Stockbroking does not offer. Baker Young Stockbrokers edges ahead on platform breadth and functionality in our scoring.
| Feature | Amscot Stockbroking | Baker Young Stockbrokers |
|---|---|---|
| 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 | iPhone/iPad,iOS, |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Amscot Stockbroking and Baker Young Stockbrokers compare. The two brokers are evenly matched on educational content.
| Feature | Amscot Stockbroking | Baker Young Stockbrokers |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | No | No |
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 Baker Young Stockbrokers supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Amscot Stockbroking | Baker Young Stockbrokers |
|---|---|---|
| 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 Amscot Stockbroking and Baker Young Stockbrokers 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 | Amscot Stockbroking | Baker Young Stockbrokers |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |