Amscot Stockbroking
Forex EE
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Overview
Amscot Stockbroking was founded in 1853 and is headquartered in Austrailia, while Forex EE was established in 2008 and is based in Grenadines. Amscot Stockbroking holds licences including Ministry of Economic Affairs and Communications (Estonia), while Forex EE is regulated by Ministry of Economic Affairs in Estonia among others. Amscot Stockbroking serves 10,000+ clients worldwide; Forex EE has 10,000+. The minimum deposit is $500 at Amscot Stockbroking and $100 at Forex EE.
| Feature | Amscot Stockbroking | Forex EE |
|---|---|---|
| Min. Deposit | $500 | $100 |
| Regulation | Ministry of Economic Affairs and Communications (Estonia) | Ministry of Economic Affairs in Estonia |
| Founded | 1853 | 2008 |
| Country | Austrailia | Grenadines |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Amscot Stockbroking and Forex EE, directly affecting your bottom line as a trader. Forex EE has a lower barrier to entry with a minimum deposit of $100 (vs $500 at Amscot Stockbroking). Both brokers charge withdrawal fees. Overall, Forex EE scores higher on fees in our assessment.
| Feature | Amscot Stockbroking | Forex EE |
|---|---|---|
| Min. Deposit | $500 | $100 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Amscot Stockbroking offers MT5, cTrader, while Forex EE supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. The two brokers are closely matched on platform offering.
| Feature | Amscot Stockbroking | Forex EE |
|---|---|---|
| MT4 | No | No |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | IRESSTrader,IRESSInvestor,netIRESS,XPLAN | MetaTrader 4 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Amscot Stockbroking and Forex EE compare. Forex EE has a video library; Amscot Stockbroking does not. Forex EE integrates third-party research tools (Autochartist); Amscot Stockbroking does not. Forex EE scores higher overall in education and research.
| Feature | Amscot Stockbroking | Forex EE |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| 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 EE supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Amscot Stockbroking | Forex EE |
|---|---|---|
| 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 EE 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 EE |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |