Amscot Stockbroking
Circle Markets
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Overview
Amscot Stockbroking was founded in 1853 and is headquartered in Austrailia, while Circle Markets was established in 2007 and is based in New Zealand. Amscot Stockbroking holds licences including Ministry of Economic Affairs and Communications (Estonia), while Circle Markets is regulated by Financial Industry Regulatory Authority (FINRA) among others. Amscot Stockbroking serves 10,000+ clients worldwide; Circle Markets has 10,000+. The minimum deposit is $500 at Amscot Stockbroking and $100 at Circle Markets.
| Feature | Amscot Stockbroking | Circle Markets |
|---|---|---|
| Min. Deposit | $500 | $100 |
| Regulation | Ministry of Economic Affairs and Communications (Estonia) | Financial Industry Regulatory Authority (FINRA) |
| Founded | 1853 | 2007 |
| Country | Austrailia | New Zealand |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Amscot Stockbroking and Circle Markets, directly affecting your bottom line as a trader. Circle Markets has a lower barrier to entry with a minimum deposit of $100 (vs $500 at Amscot Stockbroking). Both brokers charge withdrawal fees. Circle Markets charges deposit fees; Amscot Stockbroking does not. Overall, Circle Markets scores higher on fees in our assessment.
| Feature | Amscot Stockbroking | Circle Markets |
|---|---|---|
| Min. Deposit | $500 | $100 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
Amscot Stockbroking offers MT5, cTrader, while Circle Markets supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Circle Markets edges ahead on platform breadth and functionality in our scoring.
| Feature | Amscot Stockbroking | Circle Markets |
|---|---|---|
| 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 | Desktop, 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 Circle Markets compare. Circle Markets runs regular live webinars; Amscot Stockbroking does not. Circle Markets has a video library; Amscot Stockbroking does not. Circle Markets publishes daily market commentary; Amscot Stockbroking does not. Circle Markets integrates third-party research tools (Trading Central); Amscot Stockbroking does not. Circle Markets maintains an archive of past webinars for on-demand viewing. Circle Markets scores higher overall in education and research.
| Feature | Amscot Stockbroking | Circle Markets |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| 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 Circle Markets supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Amscot Stockbroking | Circle Markets |
|---|---|---|
| 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 Circle Markets 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 | Circle Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |