Boston Merchant Financial
FP Markets
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Overview
Boston Merchant Financial was founded in 1988 and is headquartered in Dubai, while FP Markets was established in 2005 and is based in Australia. Both brokers are regulated by Australian Securities and Investment Commission (ASIC), among other authorities. Boston Merchant Financial serves 10,000+ clients worldwide; FP Markets has 10,000+. The minimum deposit is $50 at Boston Merchant Financial and $100 at FP Markets.
| Feature | Boston Merchant Financial | FP Markets |
|---|---|---|
| Min. Deposit | $50 | $100 |
| Regulation | Australian Securities and Investment Commission (ASIC) | Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 1988 | 2005 |
| Country | Dubai | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Boston Merchant Financial and FP Markets, directly affecting your bottom line as a trader. FP Markets has a lower barrier to entry with a minimum deposit of $100 (vs $50 at Boston Merchant Financial). Neither broker charges withdrawal fees. FP Markets charges deposit fees; Boston Merchant Financial does not. Overall, Boston Merchant Financial scores higher on fees in our assessment.
| Feature | Boston Merchant Financial | FP Markets |
|---|---|---|
| Min. Deposit | $50 | $100 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Boston Merchant Financial offers MT5, cTrader, while FP Markets 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. FP Markets edges ahead on platform breadth and functionality in our scoring.
| Feature | Boston Merchant Financial | FP Markets |
|---|---|---|
| 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, IRESS, Mac, Web Trader, 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 FP Markets compare. FP Markets runs regular live webinars; Boston Merchant Financial does not. FP Markets has a video library; Boston Merchant Financial does not. FP Markets publishes daily market commentary; Boston Merchant Financial does not. FP Markets integrates third-party research tools (Trading Central); Boston Merchant Financial does not. FP Markets maintains an archive of past webinars for on-demand viewing. FP Markets scores higher overall in education and research.
| Feature | Boston Merchant Financial | FP Markets |
|---|---|---|
| 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 FP Markets supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). FP Markets uniquely supports PayPal and Skrill and Neteller among the two brokers. FP Markets scores higher on deposit and withdrawal flexibility.
| Feature | Boston Merchant Financial | FP Markets |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| 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 FP Markets offer live chat support. Both provide phone support. Email support is available at both brokers. Boston Merchant Financial offers multilingual support. Both brokers are comparable on support quality.
| Feature | Boston Merchant Financial | FP Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | Not available |