Amscot Stockbroking
Traders Trust
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Overview
Amscot Stockbroking was founded in 1853 and is headquartered in Austrailia, while Traders Trust was established in 1998 and is based in Cyprus. Amscot Stockbroking holds licences including Ministry of Economic Affairs and Communications (Estonia), while Traders Trust is regulated by Financial Conduct Authority (FCA) among others. Amscot Stockbroking serves 10,000+ clients worldwide; Traders Trust has 10,000+. The minimum deposit is $500 at Amscot Stockbroking and $100 at Traders Trust.
| Feature | Amscot Stockbroking | Traders Trust |
|---|---|---|
| Min. Deposit | $500 | $100 |
| Regulation | Ministry of Economic Affairs and Communications (Estonia) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), The Federal Financial Supervisory Authority Bundesanstalt f├ó╦å┼í├é┬║r Finanzdienstleistungsaufsicht (BaFin), The National Securities Market Commission (CNMV), The Commissione Nazionale per le Societ├ó╦å┼í├óÔé¼┬á e la Borsa (CONSOB), Finansinspektionen (FI), Netherlands Authority for the Financial Markets (AFM), Financial Services Authority (FSA) |
| Founded | 1853 | 1998 |
| Country | Austrailia | Cyprus |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Amscot Stockbroking and Traders Trust, directly affecting your bottom line as a trader. Traders Trust has a lower barrier to entry with a minimum deposit of $100 (vs $500 at Amscot Stockbroking). Amscot Stockbroking charges withdrawal fees while Traders Trust does not, a notable advantage for frequent withdrawers. Traders Trust applies inactivity fees on dormant accounts; Amscot Stockbroking does not. Overall, Traders Trust scores higher on fees in our assessment.
| Feature | Amscot Stockbroking | Traders Trust |
|---|---|---|
| Min. Deposit | $500 | $100 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Amscot Stockbroking offers MT5, cTrader, while Traders Trust supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Traders Trust supports social and copy trading features, which Amscot Stockbroking does not offer. Traders Trust edges ahead on platform breadth and functionality in our scoring.
| Feature | Amscot Stockbroking | Traders Trust |
|---|---|---|
| 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 Traders Trust compare. Traders Trust runs regular live webinars; Amscot Stockbroking does not. Traders Trust has a video library; Amscot Stockbroking does not. Traders Trust publishes daily market commentary; Amscot Stockbroking does not. Traders Trust integrates third-party research tools (Trading Central, Autochartist); Amscot Stockbroking does not. Traders Trust maintains an archive of past webinars for on-demand viewing. Traders Trust scores higher overall in education and research.
| Feature | Amscot Stockbroking | Traders Trust |
|---|---|---|
| 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 Traders Trust supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Amscot Stockbroking | Traders Trust |
|---|---|---|
| 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 Traders Trust 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 | Traders Trust |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |