Boston Merchant Financial
ETX Capital
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Overview
Boston Merchant Financial was founded in 1988 and is headquartered in Dubai, while ETX Capital was established in 2002 and is based in UK. Boston Merchant Financial holds licences including Australian Securities and Investment Commission (ASIC), while ETX Capital is regulated by Financial Conduct Authority (FCA) among others. Boston Merchant Financial serves 10,000+ clients worldwide; ETX Capital has 10,000+. The minimum deposit is $50 at Boston Merchant Financial and $100 at ETX Capital.
| Feature | Boston Merchant Financial | ETX Capital |
|---|---|---|
| Min. Deposit | $50 | $100 |
| Regulation | Australian Securities and Investment Commission (ASIC) | Financial Conduct Authority (FCA) |
| Founded | 1988 | 2002 |
| Country | Dubai | UK |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Boston Merchant Financial and ETX Capital, directly affecting your bottom line as a trader. ETX Capital 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 | ETX Capital |
|---|---|---|
| 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 ETX Capital supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Boston Merchant Financial supports social and copy trading features, which ETX Capital does not offer. ETX Capital edges ahead on platform breadth and functionality in our scoring.
| Feature | Boston Merchant Financial | ETX Capital |
|---|---|---|
| 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 | MT4, Mac, Mirror Trader, Binary, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Boston Merchant Financial and ETX Capital compare. ETX Capital runs regular live webinars; Boston Merchant Financial does not. ETX Capital has a video library; Boston Merchant Financial does not. ETX Capital publishes daily market commentary; Boston Merchant Financial does not. ETX Capital integrates third-party research tools (Trading Central, Autochartist); Boston Merchant Financial does not. ETX Capital maintains an archive of past webinars for on-demand viewing. ETX Capital scores higher overall in education and research.
| Feature | Boston Merchant Financial | ETX Capital |
|---|---|---|
| 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 ETX Capital supports 3 (bank transfer, credit/debit card, Neteller). ETX Capital uniquely supports Neteller among the two brokers. ETX Capital scores higher on deposit and withdrawal flexibility.
| Feature | Boston Merchant Financial | ETX Capital |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | Yes |
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 ETX Capital offer live chat support. Both provide phone support. Email support is available at both brokers. Boston Merchant Financial supports 2 languages and ETX Capital supports 7, giving ETX Capital broader global reach. Both brokers are comparable on support quality.
| Feature | Boston Merchant Financial | ETX Capital |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, French, Spanish, German, Polish, Czech, Greek and Mandarin |