Advanced Global Markets
Boston Merchant Financial
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Overview
Advanced Global Markets was founded in 1992 and is headquartered in Cyprus, while Boston Merchant Financial was established in 1988 and is based in Dubai. Advanced Global Markets holds licences including Cyprus Securities and Exchange Commission (CySEC), while Boston Merchant Financial is regulated by Australian Securities and Investment Commission (ASIC) among others. Advanced Global Markets serves 10,000+ clients worldwide; Boston Merchant Financial has 10,000+. The minimum deposit is $500 at Advanced Global Markets and $50 at Boston Merchant Financial.
| Feature | Advanced Global Markets | Boston Merchant Financial |
|---|---|---|
| Min. Deposit | $500 | $50 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Australian Securities and Investment Commission (ASIC) |
| Founded | 1992 | 1988 |
| Country | Cyprus | Dubai |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Advanced Global Markets and Boston Merchant Financial, directly affecting your bottom line as a trader. Boston Merchant Financial has a lower barrier to entry with a minimum deposit of $50 (vs $500 at Advanced Global Markets). Advanced Global Markets charges withdrawal fees while Boston Merchant Financial does not, a notable advantage for frequent withdrawers. Advanced Global Markets charges deposit fees; Boston Merchant Financial does not. Overall, Boston Merchant Financial scores higher on fees in our assessment.
| Feature | Advanced Global Markets | Boston Merchant Financial |
|---|---|---|
| Min. Deposit | $500 | $50 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
Advanced Global Markets offers MT4, MT5, cTrader, while Boston Merchant Financial supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Boston Merchant Financial supports social and copy trading features, which Advanced Global Markets does not offer. Advanced Global Markets edges ahead on platform breadth and functionality in our scoring.
| Feature | Advanced Global Markets | Boston Merchant Financial |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4 | MT4, Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Advanced Global Markets and Boston Merchant Financial compare. Advanced Global Markets runs regular live webinars; Boston Merchant Financial does not. Advanced Global Markets has a video library; Boston Merchant Financial does not. Advanced Global Markets publishes daily market commentary; Boston Merchant Financial does not. Advanced Global Markets integrates third-party research tools (Trading Central); Boston Merchant Financial does not. Advanced Global Markets maintains an archive of past webinars for on-demand viewing. Advanced Global Markets scores higher overall in education and research.
| Feature | Advanced Global Markets | Boston Merchant Financial |
|---|---|---|
| Forex Education | No | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Advanced Global Markets accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Boston Merchant Financial supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Advanced Global Markets | Boston Merchant Financial |
|---|---|---|
| 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 Advanced Global Markets and Boston Merchant Financial 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 | Advanced Global Markets | Boston Merchant Financial |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |