Amscot Stockbroking Review 2020

Amscot Stockbroking General Fees

• Amscot Stockbroking withdrawal fees varies on payment method
• Amscot Stockbroking does charge inactivity fees
• Amscot Stockbroking does charge deposit fees

Broker	amscotstockbroking	XTB	eToro	Pepperstone
Min Deposit	500	0	200	200
Withdrawl Fees	varies	varies	Yes	No
Inactivity Fees		No	Yes	Yes
Deposit Fees		No	No	No
CFD Commission Fees		Yes	No	Yes

Amscot Stockbroking Commissions

• Amscot Stockbroking does charge commission on CFD instruments.

Trading on Amscot Stockbroking web platforms and other applications

Amscot Stockbroking offer a user-friendly custom trading platform, available as both a downloadable program or as a browser based WebTrader. If you are looking for a MetaTrader broker, see our comparison of MT4 brokers here.

Amscot Stockbroking also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

Amscot Stockbroking Trading benefits :

Amscot Stockbroking Trading Accounts Offered :

• Zero spread account

Can I try Amscot Stockbroking before I buy?

Amscot Stockbroking offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

Amscot Stockbroking withdrawl and funding methods.

Amscot Stockbroking offer the below funding payment methods. learn more about Amscot Stockbroking

Broker	amscotstockbroking	XTB	eToro	Pepperstone
Bank transfer	No	Yes	Yes	Yes
Credit Cards	No	Yes	Yes	Yes
Paypal	No	Yes	Yes	Yes
Skrill	No	Yes	Yes	Yes
Payoneer	No	Yes	Yes	Yes
Neteller	No	Yes	Yes	Yes

How can I start trading with Amscot Stockbroking?

When opening a trading account with Amscot Stockbroking, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Amscot Stockbroking trading platforms here.

Performing trades with Amscot Stockbroking

Amscot Stockbroking allow you to execute a minimum of trade of varies. This may vary depending on the account you open. Amscot Stockbroking allow you to execute a maxium trade of varies.

As a market maker, Amscot Stockbroking may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments.

Amscot Stockbroking Leverage and Amscot Stockbroking CFDs Explained

let's take a look at some of the basics of using Amscot Stockbroking leverage.

Amscot Stockbroking offer CFD are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

Amscot Stockbroking leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the Amscot Stockbroking trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The Amscot Stockbroking leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

Amscot Stockbroking CFDs are typically used for short to medium term trades. For example Amscot Stockbroking intraday trading.

Education resources at Amscot Stockbroking

To trade effectively with Amscot Stockbroking, it's important to get a have a good understanding of the XTB trading tools and the markets.

Amscot Stockbroking offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with Amscot Stockbroking.

Take time to look around the Amscot Stockbroking platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at Amscot Stockbroking

Amscot Stockbroking support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

Amscot Stockbroking have a D grade support rating because because sometimes the response was slow or our query wasnt answered. Amscot Stockbroking less customer support features compared to other brokers like live chat, phone and email support. email support and supports a limited amount of Languages. Phone support supports a limited amount of Languages.

Livechat Support at Amscot Stockbroking

Amscot Stockbroking does not offer LiveChat Support.

Email Support at Amscot Stockbroking

We sent several emails to Amscot Stockbroking and answer times overall were excellent. The fastest response from Amscot Stockbroking was 4 hours and the slowest response was 5 days. Sometimes there was no response. Support response times may vary for you with Amscot Stockbroking, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall average email support from Amscot Stockbroking.

Phone Support at Amscot Stockbroking

We called Amscot Stockbroking and the call was answered very quickly. The call was answered in less than 5-10 minutes.

The Amscot Stockbroking phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual Amscot Stockbroking team by calling in varying languages. Amscot Stockbroking made an effort to make sure our queries were answered.

Overall the phone support from Amscot Stockbroking was okay.

See how Amscot Stockbroking Support Compares Against Other Brokers

Broker	amscotstockbroking	XTB	eToro	Pepperstone
Support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support
Languages	English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian	English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish	English, German, Spanish, French, and Italian	English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic
Learn More	Visit Amscot Stockbroking	Visit XTB	Visit eToro	Visit Pepperstone
Risk Warning	Your capital is at risk	Your capital is at risk	65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.	CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

What you will need to open an account with Amscot Stockbroking

As Amscot Stockbroking is regulated by Ministry of Economic Affairs and Communications (Estonia), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

• A scanned colour copy of your passport, driving license or national ID
• A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore Amscot Stockbroking's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Amscot Stockbroking you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.amscot.com.au on 12th August 2018.

Amscot Stockbroking review written by Andrew Blumer and Mark Hansen