Amscot Stockbroking
lmfx
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Overview
Amscot Stockbroking was founded in 1853 and is headquartered in Austrailia, while lmfx was established in 2016 and is based in Anguilla. Amscot Stockbroking holds licences including Ministry of Economic Affairs and Communications (Estonia), while lmfx is regulated by Financial Conduct Authority (FCA) among others. Amscot Stockbroking serves 10,000+ clients worldwide; lmfx has 10,000+. The minimum deposit is $500 at Amscot Stockbroking and $250 at lmfx.
| Feature | Amscot Stockbroking | lmfx |
|---|---|---|
| Min. Deposit | $500 | $250 |
| Regulation | Ministry of Economic Affairs and Communications (Estonia) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F271 |
| Founded | 1853 | 2016 |
| Country | Austrailia | Anguilla |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Amscot Stockbroking and lmfx, directly affecting your bottom line as a trader. lmfx has a lower barrier to entry with a minimum deposit of $250 (vs $500 at Amscot Stockbroking). Amscot Stockbroking charges withdrawal fees while lmfx does not, a notable advantage for frequent withdrawers. Overall, lmfx scores higher on fees in our assessment.
| Feature | Amscot Stockbroking | lmfx |
|---|---|---|
| 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 lmfx supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. The two brokers are closely matched on platform offering.
| Feature | Amscot Stockbroking | lmfx |
|---|---|---|
| MT4 | No | No |
| 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 lmfx compare. lmfx runs regular live webinars; Amscot Stockbroking does not. lmfx has a video library; Amscot Stockbroking does not. lmfx publishes daily market commentary; Amscot Stockbroking does not. lmfx integrates third-party research tools (Trading Central); Amscot Stockbroking does not. lmfx maintains an archive of past webinars for on-demand viewing. lmfx scores higher overall in education and research.
| Feature | Amscot Stockbroking | lmfx |
|---|---|---|
| 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 lmfx supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). lmfx uniquely supports PayPal and Skrill and Neteller among the two brokers. lmfx scores higher on deposit and withdrawal flexibility.
| Feature | Amscot Stockbroking | lmfx |
|---|---|---|
| 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 lmfx offer live chat support. Both provide phone support. Email support is available at both brokers. Amscot Stockbroking supports 2 languages and lmfx supports 8, giving lmfx broader global reach. Both brokers are comparable on support quality.
| Feature | Amscot Stockbroking | lmfx |
|---|---|---|
| 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 |