Binary.com
Boston Merchant Financial
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Binary.com was founded in 2014 and is headquartered in United States, while Boston Merchant Financial was established in 1988 and is based in Dubai. Binary.com holds licences including Unregulated, while Boston Merchant Financial is regulated by Australian Securities and Investment Commission (ASIC) among others. Binary.com serves 10,000+ clients worldwide; Boston Merchant Financial has 10,000+. The minimum deposit is $250 at Binary.com and $50 at Boston Merchant Financial.
| Feature | Binary.com | Boston Merchant Financial |
|---|---|---|
| Min. Deposit | $250 | $50 |
| Regulation | Unregulated | Australian Securities and Investment Commission (ASIC) |
| Founded | 2014 | 1988 |
| Country | United States | Dubai |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Binary.com and Boston Merchant Financial, directly affecting your bottom line as a trader. Binary.com has a lower barrier to entry with a minimum deposit of $250 (vs $50 at Boston Merchant Financial). Binary.com charges withdrawal fees while Boston Merchant Financial does not, a notable advantage for frequent withdrawers. Binary.com applies inactivity fees on dormant accounts; Boston Merchant Financial does not. Binary.com charges deposit fees; Boston Merchant Financial does not. Overall, Boston Merchant Financial scores higher on fees in our assessment.
| Feature | Binary.com | Boston Merchant Financial |
|---|---|---|
| Min. Deposit | $250 | $50 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
Binary.com 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. Binary.com edges ahead on platform breadth and functionality in our scoring.
| Feature | Binary.com | 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,iOS,MacBook,iPhone | 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 Binary.com and Boston Merchant Financial compare. Binary.com has a video library; Boston Merchant Financial does not. Binary.com integrates third-party research tools (Autochartist); Boston Merchant Financial does not. Binary.com scores higher overall in education and research.
| Feature | Binary.com | 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. Binary.com 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 | Binary.com | 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 Binary.com 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 | Binary.com | Boston Merchant Financial |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |