afx group
Boston Merchant Financial
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Overview
afx group was founded in 2013 and is headquartered in Geneva, while Boston Merchant Financial was established in 1988 and is based in Dubai. afx group holds licences including Financial Conduct Authority (FCA), while Boston Merchant Financial is regulated by Australian Securities and Investment Commission (ASIC) among others. afx group serves 14,000,000+ clients worldwide; Boston Merchant Financial has 10,000+. The minimum deposit is $250 at afx group and $50 at Boston Merchant Financial.
| Feature | afx group | Boston Merchant Financial |
|---|---|---|
| Min. Deposit | $250 | $50 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F220 | Australian Securities and Investment Commission (ASIC) |
| Founded | 2013 | 1988 |
| Country | Geneva | Dubai |
| Clients | 14,000,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between afx group and Boston Merchant Financial, directly affecting your bottom line as a trader. afx group has a lower barrier to entry with a minimum deposit of $250 (vs $50 at Boston Merchant Financial). Neither broker charges withdrawal fees. Overall, Boston Merchant Financial scores higher on fees in our assessment.
| Feature | afx group | Boston Merchant Financial |
|---|---|---|
| Min. Deposit | $250 | $50 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
afx group 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 afx group does not offer. afx group edges ahead on platform breadth and functionality in our scoring.
| Feature | afx group | 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, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | 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 afx group and Boston Merchant Financial compare. afx group runs regular live webinars; Boston Merchant Financial does not. afx group has a video library; Boston Merchant Financial does not. afx group publishes daily market commentary; Boston Merchant Financial does not. afx group integrates third-party research tools (Trading Central); Boston Merchant Financial does not. afx group maintains an archive of past webinars for on-demand viewing. afx group scores higher overall in education and research.
| Feature | afx group | 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. afx group accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while Boston Merchant Financial supports 2 (bank transfer, credit/debit card). afx group uniquely supports PayPal and Skrill and Neteller among the two brokers. afx group scores higher on deposit and withdrawal flexibility.
| Feature | afx group | Boston Merchant Financial |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both afx group and Boston Merchant Financial offer live chat support. Both provide phone support. Email support is available at both brokers. afx group supports 8 languages and Boston Merchant Financial supports 2, giving afx group broader global reach. Both brokers are comparable on support quality.
| Feature | afx group | Boston Merchant Financial |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, and Chinese |