Amscot Stockbroking
Commonwealth Securities
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Overview
Amscot Stockbroking was founded in 1853 and is headquartered in Austrailia, while Commonwealth Securities was established in 1999 and is based in Australia. Amscot Stockbroking holds licences including Ministry of Economic Affairs and Communications (Estonia), while Commonwealth Securities is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Amscot Stockbroking serves 10,000+ clients worldwide; Commonwealth Securities has 10,000+. The minimum deposit is $500 at Amscot Stockbroking and $5000 at Commonwealth Securities.
| Feature | Amscot Stockbroking | Commonwealth Securities |
|---|---|---|
| Min. Deposit | $500 | $5000 |
| Regulation | Ministry of Economic Affairs and Communications (Estonia) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 1853 | 1999 |
| Country | Austrailia | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Amscot Stockbroking and Commonwealth Securities, directly affecting your bottom line as a trader. Amscot Stockbroking has a lower barrier to entry with a minimum deposit of $500 (vs $5000 at Commonwealth Securities). Amscot Stockbroking charges withdrawal fees while Commonwealth Securities does not, a notable advantage for frequent withdrawers. Commonwealth Securities charges deposit fees; Amscot Stockbroking does not. The two brokers are broadly comparable on fee structure.
| Feature | Amscot Stockbroking | Commonwealth Securities |
|---|---|---|
| Min. Deposit | $500 | $5000 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
Amscot Stockbroking offers MT5, cTrader, while Commonwealth Securities supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Commonwealth Securities supports social and copy trading features, which Amscot Stockbroking does not offer. Commonwealth Securities edges ahead on platform breadth and functionality in our scoring.
| Feature | Amscot Stockbroking | Commonwealth Securities |
|---|---|---|
| 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 - desktop, iOS and Android versions available. |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Amscot Stockbroking and Commonwealth Securities compare. Commonwealth Securities runs regular live webinars; Amscot Stockbroking does not. Commonwealth Securities has a video library; Amscot Stockbroking does not. Commonwealth Securities publishes daily market commentary; Amscot Stockbroking does not. Commonwealth Securities integrates third-party research tools (Trading Central); Amscot Stockbroking does not. Commonwealth Securities maintains an archive of past webinars for on-demand viewing. Commonwealth Securities scores higher overall in education and research.
| Feature | Amscot Stockbroking | Commonwealth Securities |
|---|---|---|
| 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 Commonwealth Securities supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Amscot Stockbroking | Commonwealth Securities |
|---|---|---|
| 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 Commonwealth Securities 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 | Commonwealth Securities |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |