Blitzbrokers
Boston Merchant Financial
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Overview
Blitzbrokers was founded in 1982 and is headquartered in Hong Kong, while Boston Merchant Financial was established in 1988 and is based in Dubai. Blitzbrokers holds licences including Securities and Futures Commission (SFC), while Boston Merchant Financial is regulated by Australian Securities and Investment Commission (ASIC) among others. Blitzbrokers serves 10,000+ clients worldwide; Boston Merchant Financial has 10,000+. The minimum deposit is $1 at Blitzbrokers and $50 at Boston Merchant Financial.
| Feature | Blitzbrokers | Boston Merchant Financial |
|---|---|---|
| Min. Deposit | $1 | $50 |
| Regulation | Securities and Futures Commission (SFC) | Australian Securities and Investment Commission (ASIC) |
| Founded | 1982 | 1988 |
| Country | Hong Kong | Dubai |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Blitzbrokers and Boston Merchant Financial, directly affecting your bottom line as a trader. Blitzbrokers has a lower barrier to entry with a minimum deposit of $1 (vs $50 at Boston Merchant Financial). Neither broker charges withdrawal fees. The two brokers are broadly comparable on fee structure.
| Feature | Blitzbrokers | Boston Merchant Financial |
|---|---|---|
| Min. Deposit | $1 | $50 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Blitzbrokers offers 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. The two brokers are closely matched on platform offering.
| Feature | Blitzbrokers | 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 | Desktop,WEB,Android | 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 Blitzbrokers and Boston Merchant Financial compare. Blitzbrokers has a video library; Boston Merchant Financial does not. Blitzbrokers integrates third-party research tools (Autochartist); Boston Merchant Financial does not. Blitzbrokers scores higher overall in education and research.
| Feature | Blitzbrokers | 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. Blitzbrokers 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 | Blitzbrokers | 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 Blitzbrokers 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 | Blitzbrokers | Boston Merchant Financial |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |