Amscot Stockbroking
Zacks Trade
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Overview
Amscot Stockbroking was founded in 1853 and is headquartered in Austrailia, while Zacks Trade was established in 2008 and is based in United States. Amscot Stockbroking holds licences including Ministry of Economic Affairs and Communications (Estonia), while Zacks Trade is regulated by Unregulated among others. Amscot Stockbroking serves 10,000+ clients worldwide; Zacks Trade has 10,000+. The minimum deposit is $500 at Amscot Stockbroking and $2500 at Zacks Trade.
| Feature | Amscot Stockbroking | Zacks Trade |
|---|---|---|
| Min. Deposit | $500 | $2500 |
| Regulation | Ministry of Economic Affairs and Communications (Estonia) | Unregulated |
| Founded | 1853 | 2008 |
| Country | Austrailia | United States |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Amscot Stockbroking and Zacks Trade, directly affecting your bottom line as a trader. Zacks Trade has a lower barrier to entry with a minimum deposit of $2500 (vs $500 at Amscot Stockbroking). Amscot Stockbroking charges withdrawal fees while Zacks Trade does not, a notable advantage for frequent withdrawers. Zacks Trade charges deposit fees; Amscot Stockbroking does not. The two brokers are broadly comparable on fee structure.
| Feature | Amscot Stockbroking | Zacks Trade |
|---|---|---|
| Min. Deposit | $500 | $2500 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Amscot Stockbroking offers MT5, cTrader, while Zacks Trade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Zacks Trade edges ahead on platform breadth and functionality in our scoring.
| Feature | Amscot Stockbroking | Zacks Trade |
|---|---|---|
| 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 | Android,iPhone/iPad,Tablet |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Amscot Stockbroking and Zacks Trade compare. Zacks Trade runs regular live webinars; Amscot Stockbroking does not. Zacks Trade has a video library; Amscot Stockbroking does not. Zacks Trade publishes daily market commentary; Amscot Stockbroking does not. Zacks Trade integrates third-party research tools (Trading Central, Autochartist); Amscot Stockbroking does not. Zacks Trade maintains an archive of past webinars for on-demand viewing. Zacks Trade scores higher overall in education and research.
| Feature | Amscot Stockbroking | Zacks Trade |
|---|---|---|
| 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 Zacks Trade supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Amscot Stockbroking | Zacks Trade |
|---|---|---|
| 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 Zacks Trade 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 | Zacks Trade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |