Amscot Stockbroking
FreshForex
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Amscot Stockbroking was founded in 1853 and is headquartered in Austrailia, while FreshForex was established in 2004 and is based in Russia. Amscot Stockbroking holds licences including Ministry of Economic Affairs and Communications (Estonia), while FreshForex is regulated by SVGFSA 20623 IBC 2012 among others. Amscot Stockbroking serves 10,000+ clients worldwide; FreshForex has 710,000+. The minimum deposit is $500 at Amscot Stockbroking and $1 at FreshForex.
| Feature | Amscot Stockbroking | FreshForex |
|---|---|---|
| Min. Deposit | $500 | $1 |
| Regulation | Ministry of Economic Affairs and Communications (Estonia) | SVGFSA 20623 IBC 2012 |
| Founded | 1853 | 2004 |
| Country | Austrailia | Russia |
| Clients | 10,000+ | 710,000+ |
Fees
Fees are a critical factor when choosing between Amscot Stockbroking and FreshForex, directly affecting your bottom line as a trader. FreshForex has a lower barrier to entry with a minimum deposit of $1 (vs $500 at Amscot Stockbroking). Amscot Stockbroking charges withdrawal fees while FreshForex does not, a notable advantage for frequent withdrawers. Overall, FreshForex scores higher on fees in our assessment.
| Feature | Amscot Stockbroking | FreshForex |
|---|---|---|
| Min. Deposit | $500 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | Yes |
Platforms
Amscot Stockbroking offers MT5, cTrader, while FreshForex supports MT4, MT5, a proprietary platform. Amscot Stockbroking offers a mobile trading app; mobile availability for FreshForex is limited. FreshForex 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 | FreshForex |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | No |
| Windows App | Yes | Yes |
| iOS App | Yes | No |
| Android App | Yes | No |
| Trading Platforms | IRESSTrader,IRESSInvestor,netIRESS,XPLAN | MT4, MT5, Windows, MAC, Linux |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Amscot Stockbroking and FreshForex compare. FreshForex runs regular live webinars; Amscot Stockbroking does not. FreshForex has a video library; Amscot Stockbroking does not. FreshForex publishes daily market commentary; Amscot Stockbroking does not. FreshForex maintains an archive of past webinars for on-demand viewing. FreshForex scores higher overall in education and research.
| Feature | Amscot Stockbroking | FreshForex |
|---|---|---|
| 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 FreshForex supports 4 (bank transfer, credit/debit card, Skrill, Neteller). FreshForex uniquely supports Skrill and Neteller among the two brokers. FreshForex scores higher on deposit and withdrawal flexibility.
| Feature | Amscot Stockbroking | FreshForex |
|---|---|---|
| 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 FreshForex offer live chat support. Both provide phone support. Email support is available at both brokers. Amscot Stockbroking supports 2 languages and FreshForex supports 1, giving Amscot Stockbroking broader global reach. Both brokers are comparable on support quality.
| Feature | Amscot Stockbroking | FreshForex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English |