Amscot Stockbroking
Direct FX
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 Direct FX was established in 2006 and is based in New Zealand. Amscot Stockbroking holds licences including Ministry of Economic Affairs and Communications (Estonia), while Direct FX is regulated by Unregulated among others. Amscot Stockbroking serves 10,000+ clients worldwide; Direct FX has 10,000+. The minimum deposit is $500 at Amscot Stockbroking and $1 at Direct FX.
| Feature | Amscot Stockbroking | Direct FX |
|---|---|---|
| Min. Deposit | $500 | $1 |
| Regulation | Ministry of Economic Affairs and Communications (Estonia) | Unregulated |
| Founded | 1853 | 2006 |
| Country | Austrailia | New Zealand |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Amscot Stockbroking and Direct FX, directly affecting your bottom line as a trader. Direct FX has a lower barrier to entry with a minimum deposit of $1 (vs $500 at Amscot Stockbroking). Amscot Stockbroking charges withdrawal fees while Direct FX does not, a notable advantage for frequent withdrawers. Direct FX charges deposit fees; Amscot Stockbroking does not. Overall, Direct FX scores higher on fees in our assessment.
| Feature | Amscot Stockbroking | Direct FX |
|---|---|---|
| Min. Deposit | $500 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Amscot Stockbroking offers MT5, cTrader, while Direct FX supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Direct FX supports social and copy trading features, which Amscot Stockbroking does not offer. Direct FX edges ahead on platform breadth and functionality in our scoring.
| Feature | Amscot Stockbroking | Direct FX |
|---|---|---|
| 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 | Not available |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Amscot Stockbroking and Direct FX compare. Direct FX runs regular live webinars; Amscot Stockbroking does not. Direct FX has a video library; Amscot Stockbroking does not. Direct FX publishes daily market commentary; Amscot Stockbroking does not. Direct FX integrates third-party research tools (Trading Central); Amscot Stockbroking does not. Direct FX maintains an archive of past webinars for on-demand viewing. Direct FX scores higher overall in education and research.
| Feature | Amscot Stockbroking | Direct FX |
|---|---|---|
| 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 Direct FX supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Amscot Stockbroking | Direct FX |
|---|---|---|
| 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 Direct FX 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 | Direct FX |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |