Amscot Stockbroking
Robinhood
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Overview
Amscot Stockbroking was founded in 1853 and is headquartered in Austrailia, while Robinhood was established in 2013 and is based in USA. Amscot Stockbroking holds licences including Ministry of Economic Affairs and Communications (Estonia), while Robinhood is regulated by Financial Conduct Authority (FCA) among others. Amscot Stockbroking serves 10,000+ clients worldwide; Robinhood has 10,000,000+. The minimum deposit is $500 at Amscot Stockbroking and $0 at Robinhood.
| Feature | Amscot Stockbroking | Robinhood |
|---|---|---|
| Min. Deposit | $500 | $0 |
| Regulation | Ministry of Economic Affairs and Communications (Estonia) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) |
| Founded | 1853 | 2013 |
| Country | Austrailia | USA |
| Clients | 10,000+ | 10,000,000+ |
Fees
Fees are a critical factor when choosing between Amscot Stockbroking and Robinhood, directly affecting your bottom line as a trader. Robinhood has a lower barrier to entry with a minimum deposit of $0 (vs $500 at Amscot Stockbroking). Amscot Stockbroking charges withdrawal fees while Robinhood does not, a notable advantage for frequent withdrawers. Robinhood charges deposit fees; Amscot Stockbroking does not. Overall, Robinhood scores higher on fees in our assessment.
| Feature | Amscot Stockbroking | Robinhood |
|---|---|---|
| Min. Deposit | $500 | $0 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Amscot Stockbroking offers MT5, cTrader, while Robinhood supports a proprietary platform. Both brokers provide mobile trading apps for iOS and Android. Robinhood supports social and copy trading features, which Amscot Stockbroking does not offer. Amscot Stockbroking edges ahead on platform breadth and functionality in our scoring.
| Feature | Amscot Stockbroking | Robinhood |
|---|---|---|
| MT4 | No | No |
| MT5 | Yes | No |
| cTrader | Yes | No |
| 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 Robinhood compare. Robinhood runs regular live webinars; Amscot Stockbroking does not. Robinhood has a video library; Amscot Stockbroking does not. Robinhood publishes daily market commentary; Amscot Stockbroking does not. Robinhood integrates third-party research tools (Trading Central, Autochartist); Amscot Stockbroking does not. Robinhood maintains an archive of past webinars for on-demand viewing. Robinhood scores higher overall in education and research.
| Feature | Amscot Stockbroking | Robinhood |
|---|---|---|
| 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 Robinhood supports 1 (bank transfer). Amscot Stockbroking uniquely supports credit/debit card among the two brokers. Amscot Stockbroking scores higher on deposit and withdrawal flexibility.
| Feature | Amscot Stockbroking | Robinhood |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | No |
| 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 Robinhood offer live chat support. Amscot Stockbroking offers phone support; Robinhood does not. Email support is available at both brokers. Amscot Stockbroking supports 2 languages and Robinhood supports 13, giving Robinhood broader global reach. Amscot Stockbroking scores higher overall on customer support in our assessment.
| Feature | Amscot Stockbroking | Robinhood |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | No |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, Romana, Turkce |