Amscot Stockbroking
IG
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Overview
Amscot Stockbroking was founded in 1853 and is headquartered in Austrailia, while IG was established in 1974 and is based in UK. Amscot Stockbroking holds licences including Ministry of Economic Affairs and Communications (Estonia), while IG is regulated by Financial Conduct Authority (FCA) among others. Amscot Stockbroking serves 10,000+ clients worldwide; IG has 178,500+. The minimum deposit is $500 at Amscot Stockbroking and $200 at IG.
| Feature | Amscot Stockbroking | IG |
|---|---|---|
| Min. Deposit | $500 | $200 |
| Regulation | Ministry of Economic Affairs and Communications (Estonia) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) |
| Founded | 1853 | 1974 |
| Country | Austrailia | UK |
| Clients | 10,000+ | 178,500+ |
Fees
Fees are a critical factor when choosing between Amscot Stockbroking and IG, directly affecting your bottom line as a trader. IG has a lower barrier to entry with a minimum deposit of $200 (vs $500 at Amscot Stockbroking). Amscot Stockbroking charges withdrawal fees while IG does not, a notable advantage for frequent withdrawers. Overall, IG scores higher on fees in our assessment.
| Feature | Amscot Stockbroking | IG |
|---|---|---|
| Min. Deposit | $500 | $200 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Amscot Stockbroking offers MT5, cTrader, while IG supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. IG supports social and copy trading features, which Amscot Stockbroking does not offer. IG edges ahead on platform breadth and functionality in our scoring.
| Feature | Amscot Stockbroking | IG |
|---|---|---|
| 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, Mac, Web Trader, L2 Dealer, 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 IG compare. IG runs regular live webinars; Amscot Stockbroking does not. IG has a video library; Amscot Stockbroking does not. IG publishes daily market commentary; Amscot Stockbroking does not. IG integrates third-party research tools (Trading Central); Amscot Stockbroking does not. IG maintains an archive of past webinars for on-demand viewing. IG scores higher overall in education and research.
| Feature | Amscot Stockbroking | IG |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| 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 IG supports 3 (bank transfer, credit/debit card, PayPal). IG uniquely supports PayPal among the two brokers. IG scores higher on deposit and withdrawal flexibility.
| Feature | Amscot Stockbroking | IG |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | No |
| Neteller | No | No |
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 IG offer live chat support. Both provide phone support. Email support is available at both brokers. Amscot Stockbroking supports 2 languages and IG supports 5, giving IG broader global reach. Both brokers are comparable on support quality.
| Feature | Amscot Stockbroking | IG |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, French, German, Spanish, and Portuguese |