Amscot Stockbroking
Core Spreads
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Overview
Amscot Stockbroking was founded in 1853 and is headquartered in Austrailia, while Core Spreads was established in 2014 and is based in London. Amscot Stockbroking holds licences including Ministry of Economic Affairs and Communications (Estonia), while Core Spreads is regulated by Financial Conduct Authority (FCA) among others. Amscot Stockbroking serves 10,000+ clients worldwide; Core Spreads has 10,000+. The minimum deposit is $500 at Amscot Stockbroking and $1 at Core Spreads.
| Feature | Amscot Stockbroking | Core Spreads |
|---|---|---|
| Min. Deposit | $500 | $1 |
| Regulation | Ministry of Economic Affairs and Communications (Estonia) | Financial Conduct Authority (FCA) |
| Founded | 1853 | 2014 |
| Country | Austrailia | London |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Amscot Stockbroking and Core Spreads, directly affecting your bottom line as a trader. Core Spreads has a lower barrier to entry with a minimum deposit of $1 (vs $500 at Amscot Stockbroking). Amscot Stockbroking charges withdrawal fees while Core Spreads does not, a notable advantage for frequent withdrawers. Core Spreads charges deposit fees; Amscot Stockbroking does not. Overall, Core Spreads scores higher on fees in our assessment.
| Feature | Amscot Stockbroking | Core Spreads |
|---|---|---|
| Min. Deposit | $500 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
Amscot Stockbroking offers MT5, cTrader, while Core Spreads supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Core Spreads edges ahead on platform breadth and functionality in our scoring.
| Feature | Amscot Stockbroking | Core Spreads |
|---|---|---|
| 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 Core Spreads compare. Core Spreads has a video library; Amscot Stockbroking does not. Core Spreads integrates third-party research tools (Autochartist); Amscot Stockbroking does not. Core Spreads scores higher overall in education and research.
| Feature | Amscot Stockbroking | Core Spreads |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| 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 Core Spreads supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Amscot Stockbroking | Core Spreads |
|---|---|---|
| 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 Core Spreads 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 | Core Spreads |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |