AvaTrade
Boston Merchant Financial
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
AvaTrade was founded in 2006 and is headquartered in The British Virgin Islands, while Boston Merchant Financial was established in 1988 and is based in Dubai. AvaTrade holds licences including Central Bank of Ireland, while Boston Merchant Financial is regulated by Australian Securities and Investment Commission (ASIC) among others. AvaTrade serves 200,000+ clients worldwide; Boston Merchant Financial has 10,000+. The minimum deposit is $250 at AvaTrade and $50 at Boston Merchant Financial.
| Feature | AvaTrade | Boston Merchant Financial |
|---|---|---|
| Min. Deposit | $250 | $50 |
| Regulation | Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI) | Australian Securities and Investment Commission (ASIC) |
| Founded | 2006 | 1988 |
| Country | The British Virgin Islands | Dubai |
| Clients | 200,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between AvaTrade and Boston Merchant Financial, directly affecting your bottom line as a trader. AvaTrade 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 | AvaTrade | Boston Merchant Financial |
|---|---|---|
| Min. Deposit | $250 | $50 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
AvaTrade offers MT4, MT5, cTrader, while Boston Merchant Financial supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. AvaTrade edges ahead on platform breadth and functionality in our scoring.
| Feature | AvaTrade | 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, Mac, Mirror Trader, ZuluTrade, 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 AvaTrade and Boston Merchant Financial compare. AvaTrade has a video library; Boston Merchant Financial does not. AvaTrade integrates third-party research tools (Autochartist); Boston Merchant Financial does not. AvaTrade scores higher overall in education and research.
| Feature | AvaTrade | Boston Merchant Financial |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. AvaTrade accepts 4 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Neteller), while Boston Merchant Financial supports 2 (bank transfer, credit/debit card). AvaTrade uniquely supports PayPal and Neteller among the two brokers. AvaTrade scores higher on deposit and withdrawal flexibility.
| Feature | AvaTrade | Boston Merchant Financial |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | No | 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 AvaTrade and Boston Merchant Financial offer live chat support. Both provide phone support. Email support is available at both brokers. AvaTrade supports 6 languages and Boston Merchant Financial supports 2, giving AvaTrade broader global reach. Both brokers are comparable on support quality.
| Feature | AvaTrade | Boston Merchant Financial |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Italian, German, French, Greek, and Hebrew | English, and Chinese |