Amscot Stockbroking
fx global markets
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Overview
Amscot Stockbroking was founded in 1853 and is headquartered in Austrailia, while fx global markets was established in 2017 and is based in United States. Amscot Stockbroking holds licences including Ministry of Economic Affairs and Communications (Estonia), while fx global markets is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Amscot Stockbroking serves 10,000+ clients worldwide; fx global markets has 10,000+. The minimum deposit is $500 at Amscot Stockbroking and $250 at fx global markets.
| Feature | Amscot Stockbroking | fx global markets |
|---|---|---|
| Min. Deposit | $500 | $250 |
| Regulation | Ministry of Economic Affairs and Communications (Estonia) | Cyprus Securities and Exchange Commission (CySEC), with CIF license No. 242/14 |
| Founded | 1853 | 2017 |
| Country | Austrailia | United States |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Amscot Stockbroking and fx global markets, directly affecting your bottom line as a trader. fx global markets has a lower barrier to entry with a minimum deposit of $250 (vs $500 at Amscot Stockbroking). Both brokers charge withdrawal fees. fx global markets charges deposit fees; Amscot Stockbroking does not. The two brokers are broadly comparable on fee structure.
| Feature | Amscot Stockbroking | fx global markets |
|---|---|---|
| Min. Deposit | $500 | $250 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
Amscot Stockbroking offers MT5, cTrader, while fx global markets supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. fx global markets supports social and copy trading features, which Amscot Stockbroking does not offer. fx global markets edges ahead on platform breadth and functionality in our scoring.
| Feature | Amscot Stockbroking | fx global markets |
|---|---|---|
| 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, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Amscot Stockbroking and fx global markets compare. fx global markets runs regular live webinars; Amscot Stockbroking does not. fx global markets has a video library; Amscot Stockbroking does not. fx global markets publishes daily market commentary; Amscot Stockbroking does not. fx global markets integrates third-party research tools (Trading Central, Autochartist); Amscot Stockbroking does not. fx global markets maintains an archive of past webinars for on-demand viewing. fx global markets scores higher overall in education and research.
| Feature | Amscot Stockbroking | fx global markets |
|---|---|---|
| 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 fx global markets supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). fx global markets uniquely supports PayPal and Skrill and Neteller among the two brokers. fx global markets scores higher on deposit and withdrawal flexibility.
| Feature | Amscot Stockbroking | fx global markets |
|---|---|---|
| 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 fx global markets offer live chat support. Both provide phone support. Email support is available at both brokers. Amscot Stockbroking supports 2 languages and fx global markets supports 8, giving fx global markets broader global reach. Both brokers are comparable on support quality.
| Feature | Amscot Stockbroking | fx global markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |