Amscot Stockbroking
Roboforex
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Overview
Amscot Stockbroking was founded in 1853 and is headquartered in Austrailia, while Roboforex was established in 2009 and is based in Belize. Amscot Stockbroking holds licences including Ministry of Economic Affairs and Communications (Estonia), while Roboforex is regulated by RoboForex Ltd is a financial brokerage company regulated by the FSC among others. Amscot Stockbroking serves 10,000+ clients worldwide; Roboforex has 10,000+. The minimum deposit is $500 at Amscot Stockbroking and $1 at Roboforex.
| Feature | Amscot Stockbroking | Roboforex |
|---|---|---|
| Min. Deposit | $500 | $1 |
| Regulation | Ministry of Economic Affairs and Communications (Estonia) | RoboForex Ltd is a financial brokerage company regulated by the FSC, license No. 000138/437, reg. number 128.572. Address: 2118 Guava Street, Belama Phase 1, Belize City, Belize. |
| Founded | 1853 | 2009 |
| Country | Austrailia | Belize |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Amscot Stockbroking and Roboforex, directly affecting your bottom line as a trader. Roboforex has a lower barrier to entry with a minimum deposit of $1 (vs $500 at Amscot Stockbroking). Both brokers charge withdrawal fees. Overall, Roboforex scores higher on fees in our assessment.
| Feature | Amscot Stockbroking | Roboforex |
|---|---|---|
| Min. Deposit | $500 | $1 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Amscot Stockbroking offers MT5, cTrader, while Roboforex supports MT4, MT5, cTrader, a proprietary platform. Both brokers provide mobile trading apps for iOS and Android. Roboforex supports social and copy trading features, which Amscot Stockbroking does not offer. Roboforex edges ahead on platform breadth and functionality in our scoring.
| Feature | Amscot Stockbroking | Roboforex |
|---|---|---|
| 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 | MT4, MT5, Mac, 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 Roboforex compare. Roboforex runs regular live webinars; Amscot Stockbroking does not. Roboforex has a video library; Amscot Stockbroking does not. Roboforex publishes daily market commentary; Amscot Stockbroking does not. Roboforex integrates third-party research tools (Trading Central); Amscot Stockbroking does not. Roboforex maintains an archive of past webinars for on-demand viewing. Roboforex scores higher overall in education and research.
| Feature | Amscot Stockbroking | Roboforex |
|---|---|---|
| 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 Roboforex supports 3 (bank transfer, credit/debit card, Neteller). Roboforex uniquely supports Neteller among the two brokers. Roboforex scores higher on deposit and withdrawal flexibility.
| Feature | Amscot Stockbroking | Roboforex |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| 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 Roboforex offer live chat support. Both provide phone support. Email support is available at both brokers. Amscot Stockbroking supports 2 languages and Roboforex supports 13, giving Roboforex broader global reach. Both brokers are comparable on support quality.
| Feature | Amscot Stockbroking | Roboforex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian |