Amscot Stockbroking
City Index
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Overview
Amscot Stockbroking was founded in 1853 and is headquartered in Austrailia, while City Index was established in 1983 and is based in UK. Amscot Stockbroking holds licences including Ministry of Economic Affairs and Communications (Estonia), while City Index is regulated by Financial Conduct Authority (FCA) among others. Amscot Stockbroking serves 10,000+ clients worldwide; City Index has 14,000+. The minimum deposit is $500 at Amscot Stockbroking and $25 at City Index.
| Feature | Amscot Stockbroking | City Index |
|---|---|---|
| Min. Deposit | $500 | $25 |
| Regulation | Ministry of Economic Affairs and Communications (Estonia) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS) |
| Founded | 1853 | 1983 |
| Country | Austrailia | UK |
| Clients | 10,000+ | 14,000+ |
Fees
Fees are a critical factor when choosing between Amscot Stockbroking and City Index, directly affecting your bottom line as a trader. City Index has a lower barrier to entry with a minimum deposit of $25 (vs $500 at Amscot Stockbroking). Both brokers charge withdrawal fees. City Index applies inactivity fees on dormant accounts; Amscot Stockbroking does not. City Index charges deposit fees; Amscot Stockbroking does not. Overall, City Index scores higher on fees in our assessment.
| Feature | Amscot Stockbroking | City Index |
|---|---|---|
| Min. Deposit | $500 | $25 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Amscot Stockbroking offers MT5, cTrader, while City Index supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. City Index supports social and copy trading features, which Amscot Stockbroking does not offer. City Index edges ahead on platform breadth and functionality in our scoring.
| Feature | Amscot Stockbroking | City Index |
|---|---|---|
| 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, 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 City Index compare. The two brokers are evenly matched on educational content.
| Feature | Amscot Stockbroking | City Index |
|---|---|---|
| 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 City Index supports 3 (bank transfer, credit/debit card, PayPal). City Index uniquely supports PayPal among the two brokers. City Index scores higher on deposit and withdrawal flexibility.
| Feature | Amscot Stockbroking | City Index |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| 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 City Index offer live chat support. Both provide phone support. Email support is available at both brokers. Amscot Stockbroking supports 2 languages and City Index supports 6, giving City Index broader global reach. Both brokers are comparable on support quality.
| Feature | Amscot Stockbroking | City Index |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, German, Arabic, Polish, and Chinese |