Amscot Stockbroking
Ingot Brokers
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Overview
Amscot Stockbroking was founded in 1853 and is headquartered in Austrailia, while Ingot Brokers was established in 2004 and is based in Australia. Amscot Stockbroking holds licences including Ministry of Economic Affairs and Communications (Estonia), while Ingot Brokers is regulated by Australian Securities and Investment Commission (ASIC) among others. Amscot Stockbroking serves 10,000+ clients worldwide; Ingot Brokers has 10,000+. The minimum deposit is $500 at Amscot Stockbroking and $1000 at Ingot Brokers.
| Feature | Amscot Stockbroking | Ingot Brokers |
|---|---|---|
| Min. Deposit | $500 | $1000 |
| Regulation | Ministry of Economic Affairs and Communications (Estonia) | Australian Securities and Investment Commission (ASIC) |
| Founded | 1853 | 2004 |
| Country | Austrailia | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Amscot Stockbroking and Ingot Brokers, directly affecting your bottom line as a trader. Ingot Brokers has a lower barrier to entry with a minimum deposit of $1000 (vs $500 at Amscot Stockbroking). Amscot Stockbroking charges withdrawal fees while Ingot Brokers does not, a notable advantage for frequent withdrawers. Ingot Brokers applies inactivity fees on dormant accounts; Amscot Stockbroking does not. The two brokers are broadly comparable on fee structure.
| Feature | Amscot Stockbroking | Ingot Brokers |
|---|---|---|
| Min. Deposit | $500 | $1000 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | Yes |
Platforms
Amscot Stockbroking offers MT5, cTrader, while Ingot Brokers supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Ingot Brokers edges ahead on platform breadth and functionality in our scoring.
| Feature | Amscot Stockbroking | Ingot Brokers |
|---|---|---|
| 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, 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 Ingot Brokers compare. Ingot Brokers has a video library; Amscot Stockbroking does not. Ingot Brokers integrates third-party research tools (Autochartist); Amscot Stockbroking does not. Ingot Brokers scores higher overall in education and research.
| Feature | Amscot Stockbroking | Ingot Brokers |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| 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 Ingot Brokers supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Amscot Stockbroking | Ingot Brokers |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| 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 Ingot Brokers offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | Amscot Stockbroking | Ingot Brokers |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |