Boston Merchant Financial
eOption
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 eOption was established in 2008 and is based in USA. Boston Merchant Financial holds licences including Australian Securities and Investment Commission (ASIC), while eOption is regulated by Unregulated among others. Boston Merchant Financial serves 10,000+ clients worldwide; eOption has 10,000+. The minimum deposit is $50 at Boston Merchant Financial and $500 at eOption.
| Feature | Boston Merchant Financial | eOption |
|---|---|---|
| Min. Deposit | $50 | $500 |
| Regulation | Australian Securities and Investment Commission (ASIC) | Unregulated |
| Founded | 1988 | 2008 |
| Country | Dubai | USA |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Boston Merchant Financial and eOption, 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 eOption). eOption charges withdrawal fees while Boston Merchant Financial does not, giving Boston Merchant Financial an edge for frequent withdrawers. eOption charges deposit fees; Boston Merchant Financial does not. Overall, Boston Merchant Financial scores higher on fees in our assessment.
| Feature | Boston Merchant Financial | eOption |
|---|---|---|
| Min. Deposit | $50 | $500 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
Boston Merchant Financial offers MT5, cTrader, while eOption supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Boston Merchant Financial supports social and copy trading features, which eOption does not offer. eOption edges ahead on platform breadth and functionality in our scoring.
| Feature | Boston Merchant Financial | eOption |
|---|---|---|
| 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 | DealBook (Desktop, Mobile, iPhone, iPad, iPod touch, Web) |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Boston Merchant Financial and eOption compare. eOption has a video library; Boston Merchant Financial does not. eOption integrates third-party research tools (Autochartist); Boston Merchant Financial does not. eOption scores higher overall in education and research.
| Feature | Boston Merchant Financial | eOption |
|---|---|---|
| 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 eOption supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Boston Merchant Financial | eOption |
|---|---|---|
| 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 eOption 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 | eOption |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |