Bithumb
Boston Merchant Financial
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Overview
Bithumb was founded in 2009 and is headquartered in Hong Kong, while Boston Merchant Financial was established in 1988 and is based in Dubai. Bithumb holds licences including Unregulated, while Boston Merchant Financial is regulated by Australian Securities and Investment Commission (ASIC) among others. Bithumb serves 10,000+ clients worldwide; Boston Merchant Financial has 10,000+. The minimum deposit is $500 at Bithumb and $50 at Boston Merchant Financial.
| Feature | Bithumb | Boston Merchant Financial |
|---|---|---|
| Min. Deposit | $500 | $50 |
| Regulation | Unregulated | Australian Securities and Investment Commission (ASIC) |
| Founded | 2009 | 1988 |
| Country | Hong Kong | Dubai |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Bithumb 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 Bithumb). Neither broker charges withdrawal fees. Overall, Boston Merchant Financial scores higher on fees in our assessment.
| Feature | Bithumb | Boston Merchant Financial |
|---|---|---|
| Min. Deposit | $500 | $50 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Bithumb 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. Bithumb edges ahead on platform breadth and functionality in our scoring.
| Feature | Bithumb | 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 | iPhone/iPad,iOS,Mac | 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 Bithumb and Boston Merchant Financial compare. The two brokers are evenly matched on educational content.
| Feature | Bithumb | Boston Merchant Financial |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Bithumb 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 | Bithumb | 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 Bithumb 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 | Bithumb | Boston Merchant Financial |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |