Boston Merchant Financial
Chase Bank
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Overview
Boston Merchant Financial was founded in 1988 and is headquartered in Dubai, while Chase Bank was established in 1975 and is based in United States. Both brokers are regulated by Australian Securities and Investment Commission (ASIC), among other authorities. Boston Merchant Financial serves 10,000+ clients worldwide; Chase Bank has 10,000+. The minimum deposit is $50 at Boston Merchant Financial and $100 at Chase Bank.
| Feature | Boston Merchant Financial | Chase Bank |
|---|---|---|
| Min. Deposit | $50 | $100 |
| Regulation | Australian Securities and Investment Commission (ASIC) | Australian Securities and Investment Commission (ASIC) |
| Founded | 1988 | 1975 |
| Country | Dubai | United States |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Boston Merchant Financial and Chase Bank, directly affecting your bottom line as a trader. Chase Bank 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 | Boston Merchant Financial | Chase Bank |
|---|---|---|
| Min. Deposit | $50 | $100 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Boston Merchant Financial offers MT5, cTrader, while Chase Bank supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Boston Merchant Financial supports social and copy trading features, which Chase Bank does not offer. Chase Bank edges ahead on platform breadth and functionality in our scoring.
| Feature | Boston Merchant Financial | Chase Bank |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Web Trader, Tablet & Mobile apps | Desktop,Android,iPhone/iPad,Mac |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Boston Merchant Financial and Chase Bank compare. Chase Bank runs regular live webinars; Boston Merchant Financial does not. Chase Bank has a video library; Boston Merchant Financial does not. Chase Bank publishes daily market commentary; Boston Merchant Financial does not. Chase Bank integrates third-party research tools (Trading Central, Autochartist); Boston Merchant Financial does not. Chase Bank maintains an archive of past webinars for on-demand viewing. Chase Bank scores higher overall in education and research.
| Feature | Boston Merchant Financial | Chase Bank |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Boston Merchant Financial accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Chase Bank supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Boston Merchant Financial | Chase Bank |
|---|---|---|
| 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 Boston Merchant Financial and Chase Bank 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 | Boston Merchant Financial | Chase Bank |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |