Amscot Stockbroking
Oinvest
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Overview
Amscot Stockbroking was founded in 1853 and is headquartered in Austrailia, while Oinvest was established in 2019 and is based in South Africa. Amscot Stockbroking holds licences including Ministry of Economic Affairs and Communications (Estonia), while Oinvest is regulated by Southern African Financial Sector Conduct Authority (FSCA) among others. Amscot Stockbroking serves 10,000+ clients worldwide; Oinvest has 10,000+. The minimum deposit is $500 at Amscot Stockbroking and $200 at Oinvest.
| Feature | Amscot Stockbroking | Oinvest |
|---|---|---|
| Min. Deposit | $500 | $200 |
| Regulation | Ministry of Economic Affairs and Communications (Estonia) | Southern African Financial Sector Conduct Authority (FSCA) |
| Founded | 1853 | 2019 |
| Country | Austrailia | South Africa |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Amscot Stockbroking and Oinvest, directly affecting your bottom line as a trader. Oinvest has a lower barrier to entry with a minimum deposit of $200 (vs $500 at Amscot Stockbroking). Amscot Stockbroking charges withdrawal fees while Oinvest does not, a notable advantage for frequent withdrawers. Oinvest applies inactivity fees on dormant accounts; Amscot Stockbroking does not. Overall, Oinvest scores higher on fees in our assessment.
| Feature | Amscot Stockbroking | Oinvest |
|---|---|---|
| Min. Deposit | $500 | $200 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | Yes |
Platforms
Amscot Stockbroking offers MT5, cTrader, while Oinvest supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Oinvest supports social and copy trading features, which Amscot Stockbroking does not offer. The two brokers are closely matched on platform offering.
| Feature | Amscot Stockbroking | Oinvest |
|---|---|---|
| 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, iOS, MacBook, iPhone |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Amscot Stockbroking and Oinvest compare. Oinvest has a video library; Amscot Stockbroking does not. Oinvest integrates third-party research tools (Autochartist); Amscot Stockbroking does not. Oinvest scores higher overall in education and research.
| Feature | Amscot Stockbroking | Oinvest |
|---|---|---|
| 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 Oinvest supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Amscot Stockbroking | Oinvest |
|---|---|---|
| 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 Oinvest 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 | Oinvest |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |