Amscot Stockbroking
ForexVox
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Overview
Amscot Stockbroking was founded in 1853 and is headquartered in Austrailia, while ForexVox was established in 2019 and is based in UK. Amscot Stockbroking holds licences including Ministry of Economic Affairs and Communications (Estonia), while ForexVox is regulated by Financial Conduct Authority (FCA) in the United Kingdom among others. Amscot Stockbroking serves 10,000+ clients worldwide; ForexVox has 10,000+. The minimum deposit is $500 at Amscot Stockbroking and $0 at ForexVox.
| Feature | Amscot Stockbroking | ForexVox |
|---|---|---|
| Min. Deposit | $500 | $0 |
| Regulation | Ministry of Economic Affairs and Communications (Estonia) | Financial Conduct Authority (FCA) in the United Kingdom, FCA Register no: 586541, Financial Services Authority in Seychelles No: SD028 |
| Founded | 1853 | 2019 |
| Country | Austrailia | UK |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Amscot Stockbroking and ForexVox, directly affecting your bottom line as a trader. ForexVox has a lower barrier to entry with a minimum deposit of $0 (vs $500 at Amscot Stockbroking). Both brokers charge withdrawal fees. Overall, ForexVox scores higher on fees in our assessment.
| Feature | Amscot Stockbroking | ForexVox |
|---|---|---|
| Min. Deposit | $500 | $0 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Amscot Stockbroking offers MT5, cTrader, while ForexVox supports MT4, MT5. Both brokers provide mobile trading apps for iOS and Android. ForexVox supports social and copy trading features, which Amscot Stockbroking does not offer. Amscot Stockbroking edges ahead on platform breadth and functionality in our scoring.
| Feature | Amscot Stockbroking | ForexVox |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | No |
| Windows App | Yes | Yes |
| iOS App | Yes | No |
| Android App | Yes | Yes |
| Trading Platforms | IRESSTrader,IRESSInvestor,netIRESS,XPLAN | MT4, MT5 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Amscot Stockbroking and ForexVox compare. ForexVox runs regular live webinars; Amscot Stockbroking does not. ForexVox has a video library; Amscot Stockbroking does not. ForexVox publishes daily market commentary; Amscot Stockbroking does not. ForexVox scores higher overall in education and research.
| Feature | Amscot Stockbroking | ForexVox |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | No |
| 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 ForexVox supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). ForexVox uniquely supports PayPal and Skrill and Neteller among the two brokers. ForexVox scores higher on deposit and withdrawal flexibility.
| Feature | Amscot Stockbroking | ForexVox |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| 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 ForexVox offer live chat support. Both provide phone support. Email support is available at both brokers. Amscot Stockbroking supports 2 languages and ForexVox supports 4, giving ForexVox broader global reach. Both brokers are comparable on support quality.
| Feature | Amscot Stockbroking | ForexVox |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Russian, Indonesian, Malaysian |