Amscot Stockbroking
Etrade
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Overview
Amscot Stockbroking was founded in 1853 and is headquartered in Austrailia, while Etrade was established in 2012 and is based in United States. Amscot Stockbroking holds licences including Ministry of Economic Affairs and Communications (Estonia), while Etrade is regulated by Securities and Exchange Commission (SEC) among others. Amscot Stockbroking serves 10,000+ clients worldwide; Etrade has 10,000+. The minimum deposit is $500 at Amscot Stockbroking and $100 at Etrade.
| Feature | Amscot Stockbroking | Etrade |
|---|---|---|
| Min. Deposit | $500 | $100 |
| Regulation | Ministry of Economic Affairs and Communications (Estonia) | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) |
| Founded | 1853 | 2012 |
| Country | Austrailia | United States |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Amscot Stockbroking and Etrade, directly affecting your bottom line as a trader. Etrade has a lower barrier to entry with a minimum deposit of $100 (vs $500 at Amscot Stockbroking). Amscot Stockbroking charges withdrawal fees while Etrade does not, a notable advantage for frequent withdrawers. Overall, Etrade scores higher on fees in our assessment.
| Feature | Amscot Stockbroking | Etrade |
|---|---|---|
| Min. Deposit | $500 | $100 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Amscot Stockbroking offers MT5, cTrader, while Etrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Etrade supports social and copy trading features, which Amscot Stockbroking does not offer. Etrade edges ahead on platform breadth and functionality in our scoring.
| Feature | Amscot Stockbroking | Etrade |
|---|---|---|
| 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 | cTrader, SocialTrading, webPlatform, DesktopPlatform, Proprietary . |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Amscot Stockbroking and Etrade compare. Etrade runs regular live webinars; Amscot Stockbroking does not. Etrade has a video library; Amscot Stockbroking does not. Etrade publishes daily market commentary; Amscot Stockbroking does not. Etrade integrates third-party research tools (Trading Central); Amscot Stockbroking does not. Etrade maintains an archive of past webinars for on-demand viewing. Etrade scores higher overall in education and research.
| Feature | Amscot Stockbroking | Etrade |
|---|---|---|
| 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 Etrade supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Amscot Stockbroking | Etrade |
|---|---|---|
| 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 Etrade 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 | Etrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |