Amscot Stockbroking
TopForex
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Overview
Amscot Stockbroking was founded in 1853 and is headquartered in Austrailia, while TopForex was established in 2009 and is based in Cyprus. Amscot Stockbroking holds licences including Ministry of Economic Affairs and Communications (Estonia), while TopForex is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Amscot Stockbroking serves 10,000+ clients worldwide; TopForex has 10,000+. The minimum deposit is $500 at Amscot Stockbroking and $100 at TopForex.
| Feature | Amscot Stockbroking | TopForex |
|---|---|---|
| Min. Deposit | $500 | $100 |
| Regulation | Ministry of Economic Affairs and Communications (Estonia) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 1853 | 2009 |
| Country | Austrailia | Cyprus |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Amscot Stockbroking and TopForex, directly affecting your bottom line as a trader. TopForex has a lower barrier to entry with a minimum deposit of $100 (vs $500 at Amscot Stockbroking). Both brokers charge withdrawal fees. Overall, TopForex scores higher on fees in our assessment.
| Feature | Amscot Stockbroking | TopForex |
|---|---|---|
| Min. Deposit | $500 | $100 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | Yes |
Platforms
Amscot Stockbroking offers MT5, cTrader, while TopForex supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. TopForex supports social and copy trading features, which Amscot Stockbroking does not offer. TopForex edges ahead on platform breadth and functionality in our scoring.
| Feature | Amscot Stockbroking | TopForex |
|---|---|---|
| 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, 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 TopForex compare. TopForex runs regular live webinars; Amscot Stockbroking does not. TopForex has a video library; Amscot Stockbroking does not. TopForex publishes daily market commentary; Amscot Stockbroking does not. TopForex integrates third-party research tools (Trading Central, Autochartist); Amscot Stockbroking does not. TopForex maintains an archive of past webinars for on-demand viewing. TopForex scores higher overall in education and research.
| Feature | Amscot Stockbroking | TopForex |
|---|---|---|
| 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 TopForex supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Amscot Stockbroking | TopForex |
|---|---|---|
| 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 TopForex 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 | TopForex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |