Boston Merchant Financial
Forex.com
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Overview
Boston Merchant Financial was founded in 1988 and is headquartered in Dubai, while Forex.com was established in 2001 and is based in United States. Boston Merchant Financial holds licences including Australian Securities and Investment Commission (ASIC), while Forex.com is regulated by Financial Conduct Authority (FCA) among others. Boston Merchant Financial serves 10,000+ clients worldwide; Forex.com has 150,000+. The minimum deposit is $50 at Boston Merchant Financial and Typical at Forex.com.
| Feature | Boston Merchant Financial | Forex.com |
|---|---|---|
| Min. Deposit | $50 | Typical |
| Regulation | Australian Securities and Investment Commission (ASIC) | Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA) |
| Founded | 1988 | 2001 |
| Country | Dubai | United States |
| Clients | 10,000+ | 150,000+ |
Fees
Fees are a critical factor when choosing between Boston Merchant Financial and Forex.com, directly affecting your bottom line as a trader. Boston Merchant Financial has a lower barrier to entry with a minimum deposit of $50 (vs Typical at Forex.com). Forex.com charges withdrawal fees while Boston Merchant Financial does not, giving Boston Merchant Financial an edge for frequent withdrawers. Forex.com applies inactivity fees on dormant accounts; Boston Merchant Financial does not. Forex.com charges deposit fees; Boston Merchant Financial does not. Overall, Boston Merchant Financial scores higher on fees in our assessment.
| Feature | Boston Merchant Financial | Forex.com |
|---|---|---|
| Min. Deposit | $50 | Typical |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Boston Merchant Financial offers MT5, cTrader, while Forex.com supports MT4, 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. Forex.com edges ahead on platform breadth and functionality in our scoring.
| Feature | Boston Merchant Financial | Forex.com |
|---|---|---|
| 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, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and 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 Forex.com compare. Forex.com runs regular live webinars; Boston Merchant Financial does not. Forex.com has a video library; Boston Merchant Financial does not. Forex.com publishes daily market commentary; Boston Merchant Financial does not. Forex.com integrates third-party research tools (Trading Central); Boston Merchant Financial does not. Forex.com maintains an archive of past webinars for on-demand viewing. Forex.com scores higher overall in education and research.
| Feature | Boston Merchant Financial | Forex.com |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | No |
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 Forex.com supports 3 (bank transfer, credit/debit card, PayPal). Forex.com uniquely supports PayPal among the two brokers. Forex.com scores higher on deposit and withdrawal flexibility.
| Feature | Boston Merchant Financial | Forex.com |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| 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 Forex.com offer live chat support. Both provide phone support. Email support is available at both brokers. Boston Merchant Financial supports 2 languages and Forex.com supports 3, giving Forex.com broader global reach. Both brokers are comparable on support quality.
| Feature | Boston Merchant Financial | Forex.com |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Chinese, Arabic |