Amscot Stockbroking
Forex Club
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Overview
Amscot Stockbroking was founded in 1853 and is headquartered in Austrailia, while Forex Club was established in 2008 and is based in Russia. Amscot Stockbroking holds licences including Ministry of Economic Affairs and Communications (Estonia), while Forex Club is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Amscot Stockbroking serves 10,000+ clients worldwide; Forex Club has 10,000+. The minimum deposit is $500 at Amscot Stockbroking and $100 at Forex Club.
| Feature | Amscot Stockbroking | Forex Club |
|---|---|---|
| Min. Deposit | $500 | $100 |
| Regulation | Ministry of Economic Affairs and Communications (Estonia) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 1853 | 2008 |
| Country | Austrailia | Russia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Amscot Stockbroking and Forex Club, directly affecting your bottom line as a trader. Forex Club has a lower barrier to entry with a minimum deposit of $100 (vs $500 at Amscot Stockbroking). Amscot Stockbroking charges withdrawal fees while Forex Club does not, a notable advantage for frequent withdrawers. Overall, Forex Club scores higher on fees in our assessment.
| Feature | Amscot Stockbroking | Forex Club |
|---|---|---|
| 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 Forex Club supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Forex Club supports social and copy trading features, which Amscot Stockbroking does not offer. Forex Club edges ahead on platform breadth and functionality in our scoring.
| Feature | Amscot Stockbroking | Forex Club |
|---|---|---|
| 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,WEB,desktop |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Amscot Stockbroking and Forex Club compare. Forex Club runs regular live webinars; Amscot Stockbroking does not. Forex Club has a video library; Amscot Stockbroking does not. Forex Club publishes daily market commentary; Amscot Stockbroking does not. Forex Club integrates third-party research tools (Trading Central, Autochartist); Amscot Stockbroking does not. Forex Club maintains an archive of past webinars for on-demand viewing. Forex Club scores higher overall in education and research.
| Feature | Amscot Stockbroking | Forex Club |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | Yes |
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 Forex Club supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Amscot Stockbroking | Forex Club |
|---|---|---|
| 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 Forex Club 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 | Forex Club |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |