Boston Merchant Financial
Forex EE
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Overview
Boston Merchant Financial was founded in 1988 and is headquartered in Dubai, while Forex EE was established in 2008 and is based in Grenadines. Boston Merchant Financial holds licences including Australian Securities and Investment Commission (ASIC), while Forex EE is regulated by Ministry of Economic Affairs in Estonia among others. Boston Merchant Financial serves 10,000+ clients worldwide; Forex EE has 10,000+. The minimum deposit is $50 at Boston Merchant Financial and $100 at Forex EE.
| Feature | Boston Merchant Financial | Forex EE |
|---|---|---|
| Min. Deposit | $50 | $100 |
| Regulation | Australian Securities and Investment Commission (ASIC) | Ministry of Economic Affairs in Estonia |
| Founded | 1988 | 2008 |
| Country | Dubai | Grenadines |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Boston Merchant Financial and Forex EE, directly affecting your bottom line as a trader. Forex EE has a lower barrier to entry with a minimum deposit of $100 (vs $50 at Boston Merchant Financial). Forex EE charges withdrawal fees while Boston Merchant Financial does not, giving Boston Merchant Financial an edge for frequent withdrawers. Overall, Boston Merchant Financial scores higher on fees in our assessment.
| Feature | Boston Merchant Financial | Forex EE |
|---|---|---|
| Min. Deposit | $50 | $100 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Boston Merchant Financial offers MT5, cTrader, while Forex EE supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Boston Merchant Financial supports social and copy trading features, which Forex EE does not offer. The two brokers are closely matched on platform offering.
| Feature | Boston Merchant Financial | Forex EE |
|---|---|---|
| MT4 | No | No |
| 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 | MetaTrader 4 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Boston Merchant Financial and Forex EE compare. Forex EE has a video library; Boston Merchant Financial does not. Forex EE integrates third-party research tools (Autochartist); Boston Merchant Financial does not. Forex EE scores higher overall in education and research.
| Feature | Boston Merchant Financial | Forex EE |
|---|---|---|
| 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 Forex EE supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Boston Merchant Financial | Forex EE |
|---|---|---|
| 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 Forex EE 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 | Forex EE |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |