Amscot Stockbroking
Virtual Brokers
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Amscot Stockbroking was founded in 1853 and is headquartered in Austrailia, while Virtual Brokers was established in 2008 and is based in Canada. Amscot Stockbroking holds licences including Ministry of Economic Affairs and Communications (Estonia), while Virtual Brokers is regulated by The Investment Industry Regulatory Organization of Canada (IIROC) among others. Amscot Stockbroking serves 10,000+ clients worldwide; Virtual Brokers has 10,000+. The minimum deposit is $500 at Amscot Stockbroking and $1000 at Virtual Brokers.
| Feature | Amscot Stockbroking | Virtual Brokers |
|---|---|---|
| Min. Deposit | $500 | $1000 |
| Regulation | Ministry of Economic Affairs and Communications (Estonia) | The Investment Industry Regulatory Organization of Canada (IIROC), Canadian Investor Protection Fund (CIPF) |
| Founded | 1853 | 2008 |
| Country | Austrailia | Canada |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Amscot Stockbroking and Virtual Brokers, directly affecting your bottom line as a trader. Virtual Brokers has a lower barrier to entry with a minimum deposit of $1000 (vs $500 at Amscot Stockbroking). Both brokers charge withdrawal fees. Virtual Brokers charges deposit fees; Amscot Stockbroking does not. The two brokers are broadly comparable on fee structure.
| Feature | Amscot Stockbroking | Virtual Brokers |
|---|---|---|
| Min. Deposit | $500 | $1000 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
Amscot Stockbroking offers MT5, cTrader, while Virtual Brokers supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Virtual Brokers supports social and copy trading features, which Amscot Stockbroking does not offer. Virtual Brokers edges ahead on platform breadth and functionality in our scoring.
| Feature | Amscot Stockbroking | Virtual Brokers |
|---|---|---|
| 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,Desktop,iPhone/iOS |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Amscot Stockbroking and Virtual Brokers compare. Virtual Brokers runs regular live webinars; Amscot Stockbroking does not. Virtual Brokers has a video library; Amscot Stockbroking does not. Virtual Brokers publishes daily market commentary; Amscot Stockbroking does not. Virtual Brokers integrates third-party research tools (Trading Central, Autochartist); Amscot Stockbroking does not. Virtual Brokers maintains an archive of past webinars for on-demand viewing. Virtual Brokers scores higher overall in education and research.
| Feature | Amscot Stockbroking | Virtual Brokers |
|---|---|---|
| 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 Virtual Brokers supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Amscot Stockbroking | Virtual Brokers |
|---|---|---|
| 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 Virtual Brokers 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 | Virtual Brokers |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |