ATFX
Boston Merchant Financial
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Overview
ATFX was founded in 2014 and is headquartered in Cyprus, while Boston Merchant Financial was established in 1988 and is based in Dubai. ATFX holds licences including Cyprus Securities and Exchange Commission (CySEC), while Boston Merchant Financial is regulated by Australian Securities and Investment Commission (ASIC) among others. ATFX serves 10,000+ clients worldwide; Boston Merchant Financial has 10,000+. The minimum deposit is $100 at ATFX and $50 at Boston Merchant Financial.
| Feature | ATFX | Boston Merchant Financial |
|---|---|---|
| Min. Deposit | $100 | $50 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Australian Securities and Investment Commission (ASIC) |
| Founded | 2014 | 1988 |
| Country | Cyprus | Dubai |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between ATFX and Boston Merchant Financial, directly affecting your bottom line as a trader. ATFX has a lower barrier to entry with a minimum deposit of $100 (vs $50 at Boston Merchant Financial). Neither broker charges withdrawal fees. Overall, Boston Merchant Financial scores higher on fees in our assessment.
| Feature | ATFX | Boston Merchant Financial |
|---|---|---|
| Min. Deposit | $100 | $50 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
ATFX offers 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 ATFX does not offer. The two brokers are closely matched on platform offering.
| Feature | ATFX | Boston Merchant Financial |
|---|---|---|
| MT4 | No | No |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Mac, Web Trader, 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 ATFX and Boston Merchant Financial compare. ATFX runs regular live webinars; Boston Merchant Financial does not. ATFX has a video library; Boston Merchant Financial does not. ATFX publishes daily market commentary; Boston Merchant Financial does not. ATFX integrates third-party research tools (Trading Central); Boston Merchant Financial does not. ATFX maintains an archive of past webinars for on-demand viewing. ATFX scores higher overall in education and research.
| Feature | ATFX | 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. ATFX 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 | ATFX | 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 ATFX 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 | ATFX | Boston Merchant Financial |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |