Amscot Stockbroking
fxcl markets
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 fxcl markets was established in 2006 and is based in Cayman Islands. Amscot Stockbroking holds licences including Ministry of Economic Affairs and Communications (Estonia), while fxcl markets is regulated by Financial Services Authority (FSA) number 1637 among others. Amscot Stockbroking serves 10,000+ clients worldwide; fxcl markets has 10,000+. The minimum deposit is $500 at Amscot Stockbroking and $250 at fxcl markets.
| Feature | Amscot Stockbroking | fxcl markets |
|---|---|---|
| Min. Deposit | $500 | $250 |
| Regulation | Ministry of Economic Affairs and Communications (Estonia) | Financial Services Authority (FSA) number 1637 |
| Founded | 1853 | 2006 |
| Country | Austrailia | Cayman Islands |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Amscot Stockbroking and fxcl markets, directly affecting your bottom line as a trader. fxcl markets has a lower barrier to entry with a minimum deposit of $250 (vs $500 at Amscot Stockbroking). Amscot Stockbroking charges withdrawal fees while fxcl markets does not, a notable advantage for frequent withdrawers. Overall, fxcl markets scores higher on fees in our assessment.
| Feature | Amscot Stockbroking | fxcl markets |
|---|---|---|
| Min. Deposit | $500 | $250 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Amscot Stockbroking offers MT5, cTrader, while fxcl markets supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. fxcl markets supports social and copy trading features, which Amscot Stockbroking does not offer. fxcl markets edges ahead on platform breadth and functionality in our scoring.
| Feature | Amscot Stockbroking | fxcl 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 fxcl markets compare. fxcl markets runs regular live webinars; Amscot Stockbroking does not. fxcl markets has a video library; Amscot Stockbroking does not. fxcl markets publishes daily market commentary; Amscot Stockbroking does not. fxcl markets integrates third-party research tools (Trading Central, Autochartist); Amscot Stockbroking does not. fxcl markets maintains an archive of past webinars for on-demand viewing. fxcl markets scores higher overall in education and research.
| Feature | Amscot Stockbroking | fxcl 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 fxcl markets supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). fxcl markets uniquely supports PayPal and Skrill and Neteller among the two brokers. fxcl markets scores higher on deposit and withdrawal flexibility.
| Feature | Amscot Stockbroking | fxcl 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 fxcl markets offer live chat support. Both provide phone support. Email support is available at both brokers. Amscot Stockbroking supports 2 languages and fxcl markets supports 8, giving fxcl markets broader global reach. Both brokers are comparable on support quality.
| Feature | Amscot Stockbroking | fxcl 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 |