Amscot Stockbroking
Forex.com
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Overview
Amscot Stockbroking was founded in 1853 and is headquartered in Austrailia, while Forex.com was established in 2001 and is based in United States. Amscot Stockbroking holds licences including Ministry of Economic Affairs and Communications (Estonia), while Forex.com is regulated by Financial Conduct Authority (FCA) among others. Amscot Stockbroking serves 10,000+ clients worldwide; Forex.com has 150,000+. The minimum deposit is $500 at Amscot Stockbroking and Typical at Forex.com.
| Feature | Amscot Stockbroking | Forex.com |
|---|---|---|
| Min. Deposit | $500 | Typical |
| Regulation | Ministry of Economic Affairs and Communications (Estonia) | Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA) |
| Founded | 1853 | 2001 |
| Country | Austrailia | United States |
| Clients | 10,000+ | 150,000+ |
Fees
Fees are a critical factor when choosing between Amscot Stockbroking and Forex.com, directly affecting your bottom line as a trader. Amscot Stockbroking has a lower barrier to entry with a minimum deposit of $500 (vs Typical at Forex.com). Both brokers charge withdrawal fees. Forex.com applies inactivity fees on dormant accounts; Amscot Stockbroking does not. Forex.com charges deposit fees; Amscot Stockbroking does not. The two brokers are broadly comparable on fee structure.
| Feature | Amscot Stockbroking | Forex.com |
|---|---|---|
| Min. Deposit | $500 | Typical |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Amscot Stockbroking offers MT5, cTrader, while Forex.com supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Forex.com supports social and copy trading features, which Amscot Stockbroking does not offer. Forex.com edges ahead on platform breadth and functionality in our scoring.
| Feature | Amscot Stockbroking | Forex.com |
|---|---|---|
| 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, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Amscot Stockbroking and Forex.com compare. Forex.com runs regular live webinars; Amscot Stockbroking does not. Forex.com has a video library; Amscot Stockbroking does not. Forex.com publishes daily market commentary; Amscot Stockbroking does not. Forex.com integrates third-party research tools (Trading Central); Amscot Stockbroking does not. Forex.com maintains an archive of past webinars for on-demand viewing. Forex.com scores higher overall in education and research.
| Feature | Amscot Stockbroking | Forex.com |
|---|---|---|
| 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 Forex.com supports 3 (bank transfer, credit/debit card, PayPal). Forex.com uniquely supports PayPal among the two brokers. Forex.com scores higher on deposit and withdrawal flexibility.
| Feature | Amscot Stockbroking | Forex.com |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| 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.com offer live chat support. Both provide phone support. Email support is available at both brokers. Amscot Stockbroking supports 2 languages and Forex.com supports 3, giving Forex.com broader global reach. Both brokers are comparable on support quality.
| Feature | Amscot Stockbroking | Forex.com |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Chinese, Arabic |