Amscot Stockbroking
Charter Prime
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Amscot Stockbroking was founded in 1853 and is headquartered in Austrailia, while Charter Prime was established in 2012 and is based in Australia. Amscot Stockbroking holds licences including Ministry of Economic Affairs and Communications (Estonia), while Charter Prime is regulated by Financial Conduct Authority (FCA) among others. Amscot Stockbroking serves 10,000+ clients worldwide; Charter Prime has 10,000+. The minimum deposit is $500 at Amscot Stockbroking and $200 at Charter Prime.
| Feature | Amscot Stockbroking | Charter Prime |
|---|---|---|
| Min. Deposit | $500 | $200 |
| Regulation | Ministry of Economic Affairs and Communications (Estonia) | Financial Conduct Authority (FCA) |
| Founded | 1853 | 2012 |
| Country | Austrailia | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Amscot Stockbroking and Charter Prime, directly affecting your bottom line as a trader. Charter Prime has a lower barrier to entry with a minimum deposit of $200 (vs $500 at Amscot Stockbroking). Amscot Stockbroking charges withdrawal fees while Charter Prime does not, a notable advantage for frequent withdrawers. Charter Prime charges deposit fees; Amscot Stockbroking does not. Overall, Charter Prime scores higher on fees in our assessment.
| Feature | Amscot Stockbroking | Charter Prime |
|---|---|---|
| Min. Deposit | $500 | $200 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Amscot Stockbroking offers MT5, cTrader, while Charter Prime supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Charter Prime supports social and copy trading features, which Amscot Stockbroking does not offer. Charter Prime edges ahead on platform breadth and functionality in our scoring.
| Feature | Amscot Stockbroking | Charter Prime |
|---|---|---|
| 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 | MetaTrader 4 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Amscot Stockbroking and Charter Prime compare. Charter Prime runs regular live webinars; Amscot Stockbroking does not. Charter Prime has a video library; Amscot Stockbroking does not. Charter Prime publishes daily market commentary; Amscot Stockbroking does not. Charter Prime integrates third-party research tools (Trading Central, Autochartist); Amscot Stockbroking does not. Charter Prime maintains an archive of past webinars for on-demand viewing. Charter Prime scores higher overall in education and research.
| Feature | Amscot Stockbroking | Charter Prime |
|---|---|---|
| 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 Charter Prime supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Amscot Stockbroking | Charter Prime |
|---|---|---|
| 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 Charter Prime 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 | Charter Prime |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |