Amscot Stockbroking
Ducascopy Bank
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Overview
Amscot Stockbroking was founded in 1853 and is headquartered in Austrailia, while Ducascopy Bank was established in 1998 and is based in Switzerland. Amscot Stockbroking holds licences including Ministry of Economic Affairs and Communications (Estonia), while Ducascopy Bank is regulated by Financial Industry Regulatory Authority (FINRA) among others. Amscot Stockbroking serves 10,000+ clients worldwide; Ducascopy Bank has 10,000+. The minimum deposit is $500 at Amscot Stockbroking and $5000 at Ducascopy Bank.
| Feature | Amscot Stockbroking | Ducascopy Bank |
|---|---|---|
| Min. Deposit | $500 | $5000 |
| Regulation | Ministry of Economic Affairs and Communications (Estonia) | Financial Industry Regulatory Authority (FINRA), Financial Services Authority (FSA) |
| Founded | 1853 | 1998 |
| Country | Austrailia | Switzerland |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Amscot Stockbroking and Ducascopy Bank, 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 Ducascopy Bank). Both brokers charge withdrawal fees. The two brokers are broadly comparable on fee structure.
| Feature | Amscot Stockbroking | Ducascopy Bank |
|---|---|---|
| Min. Deposit | $500 | $5000 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Amscot Stockbroking offers MT5, cTrader, while Ducascopy Bank supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Ducascopy Bank supports social and copy trading features, which Amscot Stockbroking does not offer. The two brokers are closely matched on platform offering.
| Feature | Amscot Stockbroking | Ducascopy Bank |
|---|---|---|
| MT4 | No | No |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | IRESSTrader,IRESSInvestor,netIRESS,XPLAN | JForex, MT4 (via Bridge), ZuluTrade, WebTrader, Binary 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 Ducascopy Bank compare. Ducascopy Bank runs regular live webinars; Amscot Stockbroking does not. Ducascopy Bank has a video library; Amscot Stockbroking does not. Ducascopy Bank publishes daily market commentary; Amscot Stockbroking does not. Ducascopy Bank integrates third-party research tools (Trading Central); Amscot Stockbroking does not. Ducascopy Bank maintains an archive of past webinars for on-demand viewing. Ducascopy Bank scores higher overall in education and research.
| Feature | Amscot Stockbroking | Ducascopy Bank |
|---|---|---|
| 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 Ducascopy Bank supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Amscot Stockbroking | Ducascopy Bank |
|---|---|---|
| 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 Ducascopy Bank 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 | Ducascopy Bank |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |