IC Markets vs Amscot Stockbroking, Who's The Best?
IC Markets Rating
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Amscot Stockbroking Rating
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Losses can exceed deposits |
Your capital is at risk |
IC Markets vs Amscot Stockbroking Guide |
Read our In-Depth IC Markets vs Amscot Stockbroking Review - 2024 Update
This comprehensive analysis of IC Markets and Amscot Stockbroking has been updated for 2024 by knowledgeable insiders with considerable expertise across Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of IC Markets vs Amscot Stockbroking does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
Amscot Stockbroking Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IC Markets vs Amscot Stockbroking
Each trading platforms has a few ups and downs, and any comprehensive analysis of IC Markets vs Amscot Stockbroking cannnot be complete without having a balanced approach.
Compare Amscot Stockbroking and IC Markets to get a better understanding of just how these platforms stack up to each before you decide to create an account. A side-by-side comparison will put things into perspective in order that you're cognizant of what you should anticipate.
So you are looking for an online trading platform and are choosing between IC Markets or Amscot Stockbroking. Who is better in 2024?
This IC Markets vs Amscot Stockbroking comparison contains the most recent information so you can easily compare Amscot Stockbroking against IC Markets.
If you're a new entrant in the realm of trading and brokers, so many nuances will be perplexing for you. Getting into the world of trading demands expert assessing skills and comprehensive knowledge. You'll get adept at all the concepts of brokerage as you keep trading. For starters, you need to choose the right broker who'll be transparent with you constantly.
Within this fast-paced universe of stock markets and trading, you'll need guidance to make correct decisions. A professionally direct investment program has the potential to create hefty returns. IC Markets and Amscot Stockbroking are two such companies which will take you along with your investment to great heights. It is crucial to compare IC Markets vs Amscot Stockbroking until you trust them with your cash.
Our IC Markets vs Amscot Stockbroking comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and Amscot Stockbroking side by side.
Our full IC Markets vs Amscot Stockbroking Review covers all you need to know about trading using either IC Markets or Amscot Stockbroking. A fantastic agent can multiply your first investments and provide you positive profits. If you want to make profits, you should trade with a brokerage service that contrasts with your investing goals.
There is no sure-fire way to ensure profits; therefore, you must carefully analyze your broker before you choose them. It is a frequent misconception that all agents will be the same, but that is not correct. Wrong judgment, in the beginning, can set your investments at risk.
IC Markets and Amscot Stockbroking are both brokers that have forged their way successfully into the brokerage world. In this review, we've tried to collate a number of the vital facets of both IC Markets and Amscot Stockbroking. This review can allow you to understand whether either Amscot Stockbroking or IC Markets is a good match for your own investments or not. We have tried to breakdown all the features and fees for your advantage.
Benefits of IC Markets and Amscot Stockbroking Compared
IC Markets has a minimum deposit of $200 while Amscot Stockbroking offers a $500 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and Amscot Stockbroking compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
IC Markets has around 232 financial instruments while Amscot Stockbroking has around 232 available.
The more instruments you can trade on the IC Markets and Amscot Stockbroking platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you should never want to miss out on a trading opportunity due to the limitations of IC Markets or Amscot Stockbroking.
IC Markets and Amscot Stockbroking Contact Details
Being able to contact your broker easily is important. IC Markets and Amscot Stockbroking have the following contact details and social medias that you can use.
Broker | IC Markets | Amscot Stockbroking |
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Telephone Number | +248 467 19 76 | |
support@icmarkets.com | ||
Address | Level 4, 50 Carrington Street, Sydney NSW 2000 | |
IC Markets Twitter Account | Amscot Stockbroking Twitter Account | |
IC Markets Facebook Page | Amscot Stockbroking Facebook Page | |
IC Markets Instagram Account | Amscot Stockbroking Instagram Account | |
IC Markets LinkedIn Page | Amscot Stockbroking LinkedIn Page | |
YouTube | IC Markets YouTube Channel | Amscot Stockbroking YouTube Channel |
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Amscot Stockbroking and IC Markets Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
This part of comparing IC Markets and Amscot Stockbroking will examine whether their mobile app meets all our requirements.
We rate overall the user-friendliness of both apps as Better than the average.
It is important that any trading app has user friendly capabilities especially with the
Search Functions
While most brokers are good at this, there are some poor ones. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?
IC Markets vs Amscot Stockbroking - Awards
Broker | IC Markets | Amscot Stockbroking |
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Awards |
IC Markets have won a lot of industry awards over the time they have been operating as a financial broker. We list the most recognised awards for IC Markets below.
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At the time of writing this Amscot Stockbroking review, and despite Amscot Stockbroking’s impressive offering, the company has surprisingly not garnered any awards to date. |
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IC Markets vs Amscot Stockbroking - Frequently Asked Questions
IC Markets vs Amscot Stockbroking - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its headquaters in Australia.
Amscot Stockbroking was founded in 1853 and has its headquaters in Austrailia.
What is the minimum deposit for Amscot Stockbroking or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for Amscot Stockbroking is $500.
Depending on your circumstances, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both IC Markets and Amscot Stockbroking are a good choice.
IC Markets vs Amscot Stockbroking - Regulation And Licencing In More Detail
IC Markets is regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC).
Amscot Stockbroking is regulated by Ministry of Economic Affairs and Communications (Estonia).
Both IC Markets and Amscot Stockbroking have a strong set of rules for ensuring honest trading onto their own platforms. For information encryption purposes, they supply industry-standard secure socket layers (SSL).
As per their own privacy regulations, client information is never to be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare IC Markets vs Amscot Stockbroking Commission And Fees
IC Markets and Amscot Stockbroking are online broker platforms, and many online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the businesses of online brokerages are scaled much better. That is, an internet broker is not necessarily influenced by the number of clients they have.
However, this doesn't necessarily mean that online brokers do not charge any fees. They charge prices of varying rates for various services to make money. There are mainly three different types of fees for this purpose.
The first sort of fees to look out for are trading fees. Whenever you make an actual trade, like purchasing a stock or an ETF, you are billed trading charges. In such instances, you are paying a spread, funding rate, or a commission. The sorts of trading charges and the prices differ from broker to broker.
Commissions could be fixed or determined by the traded volume. On the flip side, a spread denotes the difference between the buying and selling price. Financing or overnight rates are those that are charged when you maintain a leveraged position for more than daily.
Aside from trading fees, online agents also bill non-trading fees. These are dependent on the activities you undertake in your accounts. They are billed for surgeries like depositing cash, not trading for lengthy periods, or withdrawals.
In general, neither IC Markets or Amscot Stockbroking charge high fees in comparison to other online brokers. For operations other brokers fee for, they either do not charge a brokerage fee, or they charge a lesser amount. This is beneficial for those who often trade, for example daily or weekly trading.
But, non-trading fees charged by IC Markets and Amscot Stockbroking are relatively competitive. Consequently, you are charged more for non-trading actions in your trading accounts, such as deposits and withdrawal. These are not related to the purchase and sale of resources.
This IC Markets vs Amscot Stockbroking review for 2024 breaks down every one of the relevant non-trading fees for you in detail.
Compare Broker Fees For IC Markets And Amscot Stockbroking
What Languages Do IC Markets And Amscot Stockbroking Support?
Being able to chat completely with your online platform is a key way of comparing brokers to find the best trading partner. Not only for support but to ensure you understand everything on their website and inside their application as it is a key part of success when trading online.
Below you can find the languages that both IC Markets and Amscot Stockbroking support.
How Many Clients Do IC Markets and Amscot Stockbroking Have?
Both IC Markets and Amscot Stockbroking are well established with their client base. It is really important to work with an online broker that is reputable and one of the easiest ways of understanding this is by knowing how many customers they already work with.
Below you will find details of how many users IC Markets and Amscot Stockbroking are working with
Broker | IC Markets | Amscot Stockbroking |
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Clients / Users | 60,000+ | 10,000+ |
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What Payment Methods Do IC Markets and Amscot Stockbroking Accept?
IC Markets and Amscot Stockbroking both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at IC Markets and Amscot Stockbroking
What Can You Trade With IC Markets and Amscot Stockbroking?
IC Markets offers 232 trading instruments and Amscot Stockbroking offers 35.
Below you will find a full breakdown of what both IC Markets and Amscot Stockbroking offer.
IC Markets Review
IC Markets vs Amscot Stockbroking:
Table Of Contents
- Compare IC Markets vs Amscot Stockbroking
- Benefits of IC Markets and Amscot Stockbroking Compared
- Amscot Stockbroking and IC Markets Mobile App Comparison
- IC Markets vs Amscot Stockbroking - Awards
- IC Markets vs Amscot Stockbroking - Frequently Asked Questions
- What is the minimum deposit for Amscot Stockbroking or IC Markets
- IC Markets vs Amscot Stockbroking - Regulation And Licencing In More Detail
- Compare Broker Fees For IC Markets And Amscot Stockbroking
- What Languages Do IC Markets And Amscot Stockbroking Support?
- How Many Clients Do IC Markets and Amscot Stockbroking Have?
- What Payment Methods Do IC Markets and Amscot Stockbroking Accept?
- What Can You Trade With IC Markets and Amscot Stockbroking?