Amscot Stockbroking
EverFX
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Overview
Amscot Stockbroking was founded in 1853 and is headquartered in Austrailia, while EverFX was established in 2008 and is based in Cayman Islands. Amscot Stockbroking holds licences including Ministry of Economic Affairs and Communications (Estonia), while EverFX is regulated by Cayman Islands Monetary Authority (CIMA) among others. Amscot Stockbroking serves 10,000+ clients worldwide; EverFX has 10,000+. The minimum deposit is $500 at Amscot Stockbroking and $10000 at EverFX.
| Feature | Amscot Stockbroking | EverFX |
|---|---|---|
| Min. Deposit | $500 | $10000 |
| Regulation | Ministry of Economic Affairs and Communications (Estonia) | Cayman Islands Monetary Authority (CIMA) |
| Founded | 1853 | 2008 |
| Country | Austrailia | Cayman Islands |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Amscot Stockbroking and EverFX, directly affecting your bottom line as a trader. EverFX has a lower barrier to entry with a minimum deposit of $10000 (vs $500 at Amscot Stockbroking). Amscot Stockbroking charges withdrawal fees while EverFX does not, a notable advantage for frequent withdrawers. EverFX charges deposit fees; Amscot Stockbroking does not. The two brokers are broadly comparable on fee structure.
| Feature | Amscot Stockbroking | EverFX |
|---|---|---|
| Min. Deposit | $500 | $10000 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Amscot Stockbroking offers MT5, cTrader, while EverFX supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. EverFX supports social and copy trading features, which Amscot Stockbroking does not offer. EverFX edges ahead on platform breadth and functionality in our scoring.
| Feature | Amscot Stockbroking | EverFX |
|---|---|---|
| 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,iOS,MacBook,iPhone |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Amscot Stockbroking and EverFX compare. EverFX runs regular live webinars; Amscot Stockbroking does not. EverFX has a video library; Amscot Stockbroking does not. EverFX publishes daily market commentary; Amscot Stockbroking does not. EverFX integrates third-party research tools (Trading Central); Amscot Stockbroking does not. EverFX maintains an archive of past webinars for on-demand viewing. EverFX scores higher overall in education and research.
| Feature | Amscot Stockbroking | EverFX |
|---|---|---|
| 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 EverFX supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Amscot Stockbroking | EverFX |
|---|---|---|
| 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 EverFX 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 | EverFX |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |