Amscot Stockbroking
Libertex
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Overview
Amscot Stockbroking was founded in 1853 and is headquartered in Austrailia, while Libertex was established in 2012 and is based in Cyprus. Amscot Stockbroking holds licences including Ministry of Economic Affairs and Communications (Estonia), while Libertex is regulated by Cyprus Securities and Exchange Commission (CySEC) with CIF Licence number 164/12 among others. Amscot Stockbroking serves 10,000+ clients worldwide; Libertex has 2,200,000+. The minimum deposit is $500 at Amscot Stockbroking and $117 at Libertex.
| Feature | Amscot Stockbroking | Libertex |
|---|---|---|
| Min. Deposit | $500 | $117 |
| Regulation | Ministry of Economic Affairs and Communications (Estonia) | Cyprus Securities and Exchange Commission (CySEC) with CIF Licence number 164/12 |
| Founded | 1853 | 2012 |
| Country | Austrailia | Cyprus |
| Clients | 10,000+ | 2,200,000+ |
Fees
Fees are a critical factor when choosing between Amscot Stockbroking and Libertex, directly affecting your bottom line as a trader. Libertex has a lower barrier to entry with a minimum deposit of $117 (vs $500 at Amscot Stockbroking). Amscot Stockbroking charges withdrawal fees while Libertex does not, a notable advantage for frequent withdrawers. Overall, Libertex scores higher on fees in our assessment.
| Feature | Amscot Stockbroking | Libertex |
|---|---|---|
| Min. Deposit | $500 | $117 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Amscot Stockbroking offers MT5, cTrader, while Libertex supports MT4, MT5, a proprietary platform. Both brokers provide mobile trading apps for iOS and Android. Libertex supports social and copy trading features, which Amscot Stockbroking does not offer. Libertex edges ahead on platform breadth and functionality in our scoring.
| Feature | Amscot Stockbroking | Libertex |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | No |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | IRESSTrader,IRESSInvestor,netIRESS,XPLAN | MT4, MT5, Duplitrade, Mobile Apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Amscot Stockbroking and Libertex compare. Libertex has a video library; Amscot Stockbroking does not. Libertex publishes daily market commentary; Amscot Stockbroking does not. Libertex integrates third-party research tools (Trading Central, Autochartist); Amscot Stockbroking does not. Libertex scores higher overall in education and research.
| Feature | Amscot Stockbroking | Libertex |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | No |
| 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 Libertex supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). Libertex uniquely supports PayPal and Skrill and Neteller among the two brokers. Libertex scores higher on deposit and withdrawal flexibility.
| Feature | Amscot Stockbroking | Libertex |
|---|---|---|
| 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 Libertex offer live chat support. Both provide phone support. Email support is available at both brokers. Amscot Stockbroking supports 2 languages and Libertex supports 9, giving Libertex broader global reach. Both brokers are comparable on support quality.
| Feature | Amscot Stockbroking | Libertex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, German, Italian, Dutch, Polish, Spanish, French, Portuguese, Chinese |