Amscot Stockbroking
Startrader
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Overview
Amscot Stockbroking was founded in 1853 and is headquartered in Austrailia, while Startrader was established in 2011 and is based in Hong Kong. Amscot Stockbroking holds licences including Ministry of Economic Affairs and Communications (Estonia), while Startrader is regulated by Financial Conduct Authority (FCA) among others. Amscot Stockbroking serves 10,000+ clients worldwide; Startrader has 500,000 +. The minimum deposit is $500 at Amscot Stockbroking and $50 at Startrader.
| Feature | Amscot Stockbroking | Startrader |
|---|---|---|
| Min. Deposit | $500 | $50 |
| Regulation | Ministry of Economic Affairs and Communications (Estonia) | Financial Conduct Authority (FCA), Saint Vincent and Grenadines (SVG) and Financial Services Authority Seychelles (FSA) |
| Founded | 1853 | 2011 |
| Country | Austrailia | Hong Kong |
| Clients | 10,000+ | 500,000 + |
Fees
Fees are a critical factor when choosing between Amscot Stockbroking and Startrader, directly affecting your bottom line as a trader. Startrader has a lower barrier to entry with a minimum deposit of $50 (vs $500 at Amscot Stockbroking). Both brokers charge withdrawal fees. Overall, Startrader scores higher on fees in our assessment.
| Feature | Amscot Stockbroking | Startrader |
|---|---|---|
| Min. Deposit | $500 | $50 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | Yes |
Platforms
Amscot Stockbroking offers MT5, cTrader, while Startrader supports MT4, MT5, cTrader. Amscot Stockbroking offers a mobile trading app; mobile availability for Startrader is limited. Startrader 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 | Startrader |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | No |
| Android App | Yes | No |
| Trading Platforms | IRESSTrader,IRESSInvestor,netIRESS,XPLAN | MT4, MT5 and Web Trader |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Amscot Stockbroking and Startrader compare. Startrader runs regular live webinars; Amscot Stockbroking does not. Startrader has a video library; Amscot Stockbroking does not. Startrader publishes daily market commentary; Amscot Stockbroking does not. Startrader integrates third-party research tools (Trading Central, Autochartist); Amscot Stockbroking does not. Startrader maintains an archive of past webinars for on-demand viewing. Startrader scores higher overall in education and research.
| Feature | Amscot Stockbroking | Startrader |
|---|---|---|
| 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 Startrader supports 4 (bank transfer, credit/debit card, Skrill, Neteller). Startrader uniquely supports Skrill and Neteller among the two brokers. Startrader scores higher on deposit and withdrawal flexibility.
| Feature | Amscot Stockbroking | Startrader |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | Yes |
| 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 Startrader 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 | Startrader |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Chinese |