Amscot Stockbroking
ThinkMarkets
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Overview
Amscot Stockbroking was founded in 1853 and is headquartered in Austrailia, while ThinkMarkets was established in 2010 and is based in Australia & United Kingdom. Amscot Stockbroking holds licences including Ministry of Economic Affairs and Communications (Estonia), while ThinkMarkets is regulated by the Japanese Financial Services Agency (JFSA) with license no. 0250 among others. Amscot Stockbroking serves 10,000+ clients worldwide; ThinkMarkets has 475,000+. The minimum deposit is $500 at Amscot Stockbroking and $0 at ThinkMarkets.
| Feature | Amscot Stockbroking | ThinkMarkets |
|---|---|---|
| Min. Deposit | $500 | $0 |
| Regulation | Ministry of Economic Affairs and Communications (Estonia) | the Japanese Financial Services Agency (JFSA) with license no. 0250, the Cyprus Securities and Exchange Commission (CySEC) with license no. 215/13, the Financial Conduct Authority (FCA 629628) in the UK, the Australian Securities and Investments Commission (ASIC 424700), the Financial Sector Conduct Authority (FSCA) in South Africa and the Financial Services Authority (FSA SD060) Seychelles. TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority, FRN 629628. TF GLobal Markets (Aust) Limited is the holder of Australian Financial Services Licence number 424700. TF GLobal Markets (South Africa) (Pty) Ltd is an authorised financial services provider (FSP No 49835). TF Global Markets Int Limited is authorised and regulated by the Financial Services Authority, Firm Reference Number SD060 Seychelles |
| Founded | 1853 | 2010 |
| Country | Austrailia | Australia & United Kingdom |
| Clients | 10,000+ | 475,000+ |
Fees
Fees are a critical factor when choosing between Amscot Stockbroking and ThinkMarkets, directly affecting your bottom line as a trader. ThinkMarkets has a lower barrier to entry with a minimum deposit of $0 (vs $500 at Amscot Stockbroking). Amscot Stockbroking charges withdrawal fees while ThinkMarkets does not, a notable advantage for frequent withdrawers. ThinkMarkets applies inactivity fees on dormant accounts; Amscot Stockbroking does not. Overall, ThinkMarkets scores higher on fees in our assessment.
| Feature | Amscot Stockbroking | ThinkMarkets |
|---|---|---|
| Min. Deposit | $500 | $0 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | Yes |
Platforms
Amscot Stockbroking offers MT5, cTrader, while ThinkMarkets supports MT4, MT5, a proprietary platform. Amscot Stockbroking offers a mobile trading app; mobile availability for ThinkMarkets is limited. ThinkMarkets 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 | ThinkMarkets |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | No |
| Windows App | Yes | No |
| iOS App | Yes | No |
| Android App | Yes | No |
| Trading Platforms | IRESSTrader,IRESSInvestor,netIRESS,XPLAN | MT4, MT5 and ThinkTrader |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Amscot Stockbroking and ThinkMarkets compare. ThinkMarkets runs regular live webinars; Amscot Stockbroking does not. ThinkMarkets has a video library; Amscot Stockbroking does not. ThinkMarkets publishes daily market commentary; Amscot Stockbroking does not. ThinkMarkets integrates third-party research tools (Trading Central, Autochartist); Amscot Stockbroking does not. ThinkMarkets maintains an archive of past webinars for on-demand viewing. ThinkMarkets scores higher overall in education and research.
| Feature | Amscot Stockbroking | ThinkMarkets |
|---|---|---|
| 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 ThinkMarkets supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). ThinkMarkets uniquely supports PayPal and Skrill and Neteller among the two brokers. ThinkMarkets scores higher on deposit and withdrawal flexibility.
| Feature | Amscot Stockbroking | ThinkMarkets |
|---|---|---|
| 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 ThinkMarkets offer live chat support. Both provide phone support. Email support is available at both brokers. Amscot Stockbroking supports 2 languages and ThinkMarkets supports 13, giving ThinkMarkets broader global reach. Both brokers are comparable on support quality.
| Feature | Amscot Stockbroking | ThinkMarkets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Portuguese, Vietnamese, Chinese, Czech, Greek, Indonesian, Thai, Malay, Italian, Arabic, German, Spanish and Japanese |