Amscot Stockbroking
Saxo Markets
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Overview
Amscot Stockbroking was founded in 1853 and is headquartered in Austrailia, while Saxo Markets was established in 2012 and is based in Denmark. Amscot Stockbroking holds licences including Ministry of Economic Affairs and Communications (Estonia), while Saxo Markets is regulated by Financial Conduct Authority (FCA) among others. Amscot Stockbroking serves 10,000+ clients worldwide; Saxo Markets has 10,000+. The minimum deposit is $500 at Amscot Stockbroking and $6500 at Saxo Markets.
| Feature | Amscot Stockbroking | Saxo Markets |
|---|---|---|
| Min. Deposit | $500 | $6500 |
| Regulation | Ministry of Economic Affairs and Communications (Estonia) | Financial Conduct Authority (FCA) |
| Founded | 1853 | 2012 |
| Country | Austrailia | Denmark |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Amscot Stockbroking and Saxo Markets, directly affecting your bottom line as a trader. Amscot Stockbroking has a lower barrier to entry with a minimum deposit of $500 (vs $6500 at Saxo Markets). Both brokers charge withdrawal fees. Saxo Markets applies inactivity fees on dormant accounts; Amscot Stockbroking does not. The two brokers are broadly comparable on fee structure.
| Feature | Amscot Stockbroking | Saxo Markets |
|---|---|---|
| Min. Deposit | $500 | $6500 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Amscot Stockbroking offers MT5, cTrader, while Saxo Markets supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Saxo Markets supports social and copy trading features, which Amscot Stockbroking does not offer. Saxo Markets edges ahead on platform breadth and functionality in our scoring.
| Feature | Amscot Stockbroking | Saxo Markets |
|---|---|---|
| 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 | Mac, 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 Saxo Markets compare. Saxo Markets has a video library; Amscot Stockbroking does not. Saxo Markets integrates third-party research tools (Autochartist); Amscot Stockbroking does not. Saxo Markets scores higher overall in education and research.
| Feature | Amscot Stockbroking | Saxo Markets |
|---|---|---|
| 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 Saxo Markets supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Amscot Stockbroking | Saxo Markets |
|---|---|---|
| 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 Saxo Markets 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 | Saxo Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |