Amscot Stockbroking
Plus500
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Overview
Amscot Stockbroking was founded in 1853 and is headquartered in Austrailia, while Plus500 was established in 2008 and is based in Israel. Amscot Stockbroking holds licences including Ministry of Economic Affairs and Communications (Estonia), while Plus500 is regulated by Plus500UK Ltd authorized & regulated by the FCA (#509909) among others. Amscot Stockbroking serves 10,000+ clients worldwide; Plus500 has 1,000,000+. The minimum deposit is $500 at Amscot Stockbroking and $100 at Plus500.
| Feature | Amscot Stockbroking | Plus500 |
|---|---|---|
| Min. Deposit | $500 | $100 |
| Regulation | Ministry of Economic Affairs and Communications (Estonia) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 |
| Founded | 1853 | 2008 |
| Country | Austrailia | Israel |
| Clients | 10,000+ | 1,000,000+ |
Fees
Fees are a critical factor when choosing between Amscot Stockbroking and Plus500, directly affecting your bottom line as a trader. Plus500 has a lower barrier to entry with a minimum deposit of $100 (vs $500 at Amscot Stockbroking). Amscot Stockbroking charges withdrawal fees while Plus500 does not, a notable advantage for frequent withdrawers. Plus500 applies inactivity fees on dormant accounts; Amscot Stockbroking does not. Overall, Plus500 scores higher on fees in our assessment.
| Feature | Amscot Stockbroking | Plus500 |
|---|---|---|
| Min. Deposit | $500 | $100 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Amscot Stockbroking offers MT5, cTrader, while Plus500 supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Plus500 supports social and copy trading features, which Amscot Stockbroking does not offer. Plus500 edges ahead on platform breadth and functionality in our scoring.
| Feature | Amscot Stockbroking | Plus500 |
|---|---|---|
| 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 | Web Trader, 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 Plus500 compare. Plus500 runs regular live webinars; Amscot Stockbroking does not. Plus500 has a video library; Amscot Stockbroking does not. Plus500 publishes daily market commentary; Amscot Stockbroking does not. Plus500 integrates third-party research tools (Trading Central, Autochartist); Amscot Stockbroking does not. Plus500 maintains an archive of past webinars for on-demand viewing. Plus500 scores higher overall in education and research.
| Feature | Amscot Stockbroking | Plus500 |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| 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 Plus500 supports 4 (bank transfer, credit/debit card, PayPal, Skrill). Plus500 uniquely supports PayPal and Skrill among the two brokers. Plus500 scores higher on deposit and withdrawal flexibility.
| Feature | Amscot Stockbroking | Plus500 |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| 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 Plus500 offer live chat support. Both provide phone support. Email support is available at both brokers. Amscot Stockbroking supports 2 languages and Plus500 supports 15, giving Plus500 broader global reach. Both brokers are comparable on support quality.
| Feature | Amscot Stockbroking | Plus500 |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, French, Italian, Spanish, Portuguese, German, Dutch, Polish, Arabic, Hebrew, Danish, Norwegian, Czech, Slovak, Bulgarian and Chinese |