Amscot Stockbroking
BCS Forex
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Overview
Amscot Stockbroking was founded in 1853 and is headquartered in Austrailia, while BCS Forex was established in 2016 and is based in Cyprus. Amscot Stockbroking holds licences including Ministry of Economic Affairs and Communications (Estonia), while BCS Forex is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Amscot Stockbroking serves 10,000+ clients worldwide; BCS Forex has 10,000+. The minimum deposit is $500 at Amscot Stockbroking and $100 at BCS Forex.
| Feature | Amscot Stockbroking | BCS Forex |
|---|---|---|
| Min. Deposit | $500 | $100 |
| Regulation | Ministry of Economic Affairs and Communications (Estonia) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 1853 | 2016 |
| Country | Austrailia | Cyprus |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Amscot Stockbroking and BCS Forex, directly affecting your bottom line as a trader. BCS Forex has a lower barrier to entry with a minimum deposit of $100 (vs $500 at Amscot Stockbroking). Both brokers charge withdrawal fees. BCS Forex applies inactivity fees on dormant accounts; Amscot Stockbroking does not. Overall, BCS Forex scores higher on fees in our assessment.
| Feature | Amscot Stockbroking | BCS Forex |
|---|---|---|
| Min. Deposit | $500 | $100 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Amscot Stockbroking offers MT5, cTrader, while BCS Forex supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. BCS Forex edges ahead on platform breadth and functionality in our scoring.
| Feature | Amscot Stockbroking | BCS Forex |
|---|---|---|
| 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,Desktop,iPhone/iOS |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Amscot Stockbroking and BCS Forex compare. BCS Forex runs regular live webinars; Amscot Stockbroking does not. BCS Forex has a video library; Amscot Stockbroking does not. BCS Forex publishes daily market commentary; Amscot Stockbroking does not. BCS Forex integrates third-party research tools (Trading Central, Autochartist); Amscot Stockbroking does not. BCS Forex maintains an archive of past webinars for on-demand viewing. BCS Forex scores higher overall in education and research.
| Feature | Amscot Stockbroking | BCS Forex |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| 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 BCS Forex supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Amscot Stockbroking | BCS Forex |
|---|---|---|
| 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 BCS Forex 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 | BCS Forex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |