Amscot Stockbroking
ForexMart
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Overview
Amscot Stockbroking was founded in 1853 and is headquartered in Austrailia, while ForexMart was established in 2015 and is based in Cyprus. Amscot Stockbroking holds licences including Ministry of Economic Affairs and Communications (Estonia), while ForexMart is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Amscot Stockbroking serves 10,000+ clients worldwide; ForexMart has 10,000+. The minimum deposit is $500 at Amscot Stockbroking and $1 at ForexMart.
| Feature | Amscot Stockbroking | ForexMart |
|---|---|---|
| Min. Deposit | $500 | $1 |
| Regulation | Ministry of Economic Affairs and Communications (Estonia) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 1853 | 2015 |
| Country | Austrailia | Cyprus |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Amscot Stockbroking and ForexMart, directly affecting your bottom line as a trader. ForexMart has a lower barrier to entry with a minimum deposit of $1 (vs $500 at Amscot Stockbroking). Both brokers charge withdrawal fees. ForexMart charges deposit fees; Amscot Stockbroking does not. Overall, ForexMart scores higher on fees in our assessment.
| Feature | Amscot Stockbroking | ForexMart |
|---|---|---|
| Min. Deposit | $500 | $1 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Amscot Stockbroking offers MT5, cTrader, while ForexMart supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. ForexMart supports social and copy trading features, which Amscot Stockbroking does not offer. ForexMart edges ahead on platform breadth and functionality in our scoring.
| Feature | Amscot Stockbroking | ForexMart |
|---|---|---|
| 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 ForexMart compare. ForexMart runs regular live webinars; Amscot Stockbroking does not. ForexMart has a video library; Amscot Stockbroking does not. ForexMart publishes daily market commentary; Amscot Stockbroking does not. ForexMart integrates third-party research tools (Trading Central, Autochartist); Amscot Stockbroking does not. ForexMart maintains an archive of past webinars for on-demand viewing. ForexMart scores higher overall in education and research.
| Feature | Amscot Stockbroking | ForexMart |
|---|---|---|
| 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 ForexMart supports 4 (bank transfer, credit/debit card, Skrill, Neteller). ForexMart uniquely supports Skrill and Neteller among the two brokers. ForexMart scores higher on deposit and withdrawal flexibility.
| Feature | Amscot Stockbroking | ForexMart |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | Yes |
| Neteller | No | Yes |
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 ForexMart offer live chat support. Both provide phone support. Email support is available at both brokers. Amscot Stockbroking supports 2 languages and ForexMart supports 15, giving ForexMart broader global reach. Both brokers are comparable on support quality.
| Feature | Amscot Stockbroking | ForexMart |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian |