Amscot Stockbroking
WIT Invest
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Overview
Amscot Stockbroking was founded in 1853 and is headquartered in Austrailia, while WIT Invest was established in 2008 and is based in Saint Vincent and the Grenadines. Amscot Stockbroking holds licences including Ministry of Economic Affairs and Communications (Estonia), while WIT Invest is regulated by Unregulated among others. Amscot Stockbroking serves 10,000+ clients worldwide; WIT Invest has 10,000+. The minimum deposit is $500 at Amscot Stockbroking and $100 at WIT Invest.
| Feature | Amscot Stockbroking | WIT Invest |
|---|---|---|
| Min. Deposit | $500 | $100 |
| Regulation | Ministry of Economic Affairs and Communications (Estonia) | Unregulated |
| Founded | 1853 | 2008 |
| Country | Austrailia | Saint Vincent and the Grenadines |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Amscot Stockbroking and WIT Invest, directly affecting your bottom line as a trader. WIT Invest has a lower barrier to entry with a minimum deposit of $100 (vs $500 at Amscot Stockbroking). Amscot Stockbroking charges withdrawal fees while WIT Invest does not, a notable advantage for frequent withdrawers. WIT Invest charges deposit fees; Amscot Stockbroking does not. Overall, WIT Invest scores higher on fees in our assessment.
| Feature | Amscot Stockbroking | WIT Invest |
|---|---|---|
| Min. Deposit | $500 | $100 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Amscot Stockbroking offers MT5, cTrader, while WIT Invest supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. WIT Invest supports social and copy trading features, which Amscot Stockbroking does not offer. WIT Invest edges ahead on platform breadth and functionality in our scoring.
| Feature | Amscot Stockbroking | WIT Invest |
|---|---|---|
| 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 | Desktop, Tablet & Mobile apps,Mac |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Amscot Stockbroking and WIT Invest compare. WIT Invest runs regular live webinars; Amscot Stockbroking does not. WIT Invest has a video library; Amscot Stockbroking does not. WIT Invest publishes daily market commentary; Amscot Stockbroking does not. WIT Invest integrates third-party research tools (Trading Central); Amscot Stockbroking does not. WIT Invest maintains an archive of past webinars for on-demand viewing. WIT Invest scores higher overall in education and research.
| Feature | Amscot Stockbroking | WIT Invest |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| 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 WIT Invest supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Amscot Stockbroking | WIT Invest |
|---|---|---|
| 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 WIT Invest 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 | WIT Invest |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |