Amscot Stockbroking
EagleFX
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Overview
Amscot Stockbroking was founded in 1853 and is headquartered in Austrailia, while EagleFX was established in 2019 and is based in Dominica. Amscot Stockbroking holds licences including Ministry of Economic Affairs and Communications (Estonia), while EagleFX is regulated by Unregulated among others. Amscot Stockbroking serves 10,000+ clients worldwide; EagleFX has 5,000+. The minimum deposit is $500 at Amscot Stockbroking and $10 at EagleFX.
| Feature | Amscot Stockbroking | EagleFX |
|---|---|---|
| Min. Deposit | $500 | $10 |
| Regulation | Ministry of Economic Affairs and Communications (Estonia) | Unregulated |
| Founded | 1853 | 2019 |
| Country | Austrailia | Dominica |
| Clients | 10,000+ | 5,000+ |
Fees
Fees are a critical factor when choosing between Amscot Stockbroking and EagleFX, directly affecting your bottom line as a trader. EagleFX has a lower barrier to entry with a minimum deposit of $10 (vs $500 at Amscot Stockbroking). Both brokers charge withdrawal fees. EagleFX applies inactivity fees on dormant accounts; Amscot Stockbroking does not. Overall, EagleFX scores higher on fees in our assessment.
| Feature | Amscot Stockbroking | EagleFX |
|---|---|---|
| Min. Deposit | $500 | $10 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Amscot Stockbroking offers MT5, cTrader, while EagleFX supports MT4, MT5, cTrader, a proprietary platform. Amscot Stockbroking offers a mobile trading app; mobile availability for EagleFX is limited. EagleFX supports social and copy trading features, which Amscot Stockbroking does not offer. The two brokers are closely matched on platform offering.
| Feature | Amscot Stockbroking | EagleFX |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | No |
| Android App | Yes | No |
| 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 EagleFX compare. The two brokers are evenly matched on educational content.
| Feature | Amscot Stockbroking | EagleFX |
|---|---|---|
| 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 EagleFX supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Amscot Stockbroking | EagleFX |
|---|---|---|
| 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 EagleFX 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 | EagleFX |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |