Boston Merchant Financial
City Of Investment
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Boston Merchant Financial was founded in 1988 and is headquartered in Dubai, while City Of Investment was established in 2009 and is based in United Kingdom. Boston Merchant Financial holds licences including Australian Securities and Investment Commission (ASIC), while City Of Investment is regulated by Financial Markets Authority (FMA) among others. Boston Merchant Financial serves 10,000+ clients worldwide; City Of Investment has 10,000+. The minimum deposit is $50 at Boston Merchant Financial and $3000 at City Of Investment.
| Feature | Boston Merchant Financial | City Of Investment |
|---|---|---|
| Min. Deposit | $50 | $3000 |
| Regulation | Australian Securities and Investment Commission (ASIC) | Financial Markets Authority (FMA) |
| Founded | 1988 | 2009 |
| Country | Dubai | United Kingdom |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Boston Merchant Financial and City Of Investment, directly affecting your bottom line as a trader. City Of Investment has a lower barrier to entry with a minimum deposit of $3000 (vs $50 at Boston Merchant Financial). City Of Investment charges withdrawal fees while Boston Merchant Financial does not, giving Boston Merchant Financial an edge for frequent withdrawers. City Of Investment applies inactivity fees on dormant accounts; Boston Merchant Financial does not. City Of Investment charges deposit fees; Boston Merchant Financial does not. Overall, Boston Merchant Financial scores higher on fees in our assessment.
| Feature | Boston Merchant Financial | City Of Investment |
|---|---|---|
| Min. Deposit | $50 | $3000 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Boston Merchant Financial offers MT5, cTrader, while City Of Investment supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Boston Merchant Financial supports social and copy trading features, which City Of Investment does not offer. City Of Investment edges ahead on platform breadth and functionality in our scoring.
| Feature | Boston Merchant Financial | City Of Investment |
|---|---|---|
| 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 | Android Apps,iPhone/iPad,Desktop |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Boston Merchant Financial and City Of Investment compare. City Of Investment has a video library; Boston Merchant Financial does not. City Of Investment integrates third-party research tools (Autochartist); Boston Merchant Financial does not. City Of Investment scores higher overall in education and research.
| Feature | Boston Merchant Financial | City Of Investment |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| 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 City Of Investment supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Boston Merchant Financial | City Of Investment |
|---|---|---|
| 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 City Of Investment 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 | City Of Investment |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |