Amscot Stockbroking
td ameritrade
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Overview
Amscot Stockbroking was founded in 1853 and is headquartered in Austrailia, while td ameritrade was established in 2016 and is based in Malta. Amscot Stockbroking holds licences including Ministry of Economic Affairs and Communications (Estonia), while td ameritrade is regulated by Financial Conduct Authority (FCA) among others. Amscot Stockbroking serves 10,000+ clients worldwide; td ameritrade has 10,000+. The minimum deposit is $500 at Amscot Stockbroking and $250 at td ameritrade.
| Feature | Amscot Stockbroking | td ameritrade |
|---|---|---|
| Min. Deposit | $500 | $250 |
| Regulation | Ministry of Economic Affairs and Communications (Estonia) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F319 |
| Founded | 1853 | 2016 |
| Country | Austrailia | Malta |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Amscot Stockbroking and td ameritrade, directly affecting your bottom line as a trader. td ameritrade has a lower barrier to entry with a minimum deposit of $250 (vs $500 at Amscot Stockbroking). Amscot Stockbroking charges withdrawal fees while td ameritrade does not, a notable advantage for frequent withdrawers. Overall, td ameritrade scores higher on fees in our assessment.
| Feature | Amscot Stockbroking | td ameritrade |
|---|---|---|
| Min. Deposit | $500 | $250 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Amscot Stockbroking offers MT5, cTrader, while td ameritrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. td ameritrade edges ahead on platform breadth and functionality in our scoring.
| Feature | Amscot Stockbroking | td ameritrade |
|---|---|---|
| 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, ZuluTrade, 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 td ameritrade compare. The two brokers are evenly matched on educational content.
| Feature | Amscot Stockbroking | td ameritrade |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| 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 td ameritrade supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). td ameritrade uniquely supports PayPal and Skrill and Neteller among the two brokers. td ameritrade scores higher on deposit and withdrawal flexibility.
| Feature | Amscot Stockbroking | td ameritrade |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| 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 td ameritrade offer live chat support. Both provide phone support. Email support is available at both brokers. Amscot Stockbroking supports 2 languages and td ameritrade supports 8, giving td ameritrade broader global reach. Both brokers are comparable on support quality.
| Feature | Amscot Stockbroking | td ameritrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |