Boston Merchant Financial
freetrade
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Overview
Boston Merchant Financial was founded in 1988 and is headquartered in Dubai, while freetrade was established in 2016 and is based in United Kingdom. Boston Merchant Financial holds licences including Australian Securities and Investment Commission (ASIC), while freetrade is regulated by Financial Conduct Authority. Registered in England and Wales (no. 09797821) among others. Boston Merchant Financial serves 10,000+ clients worldwide; freetrade has 890,000+. The minimum deposit is $50 at Boston Merchant Financial and $0 at freetrade.
| Feature | Boston Merchant Financial | freetrade |
|---|---|---|
| Min. Deposit | $50 | $0 |
| Regulation | Australian Securities and Investment Commission (ASIC) | Financial Conduct Authority. Registered in England and Wales (no. 09797821) |
| Founded | 1988 | 2016 |
| Country | Dubai | United Kingdom |
| Clients | 10,000+ | 890,000+ |
Fees
Fees are a critical factor when choosing between Boston Merchant Financial and freetrade, directly affecting your bottom line as a trader. freetrade has a lower barrier to entry with a minimum deposit of $0 (vs $50 at Boston Merchant Financial). Neither broker charges withdrawal fees. The two brokers are broadly comparable on fee structure.
| Feature | Boston Merchant Financial | freetrade |
|---|---|---|
| Min. Deposit | $50 | $0 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Boston Merchant Financial offers MT5, cTrader, while freetrade supports MT4, MT5, cTrader, a proprietary platform. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. freetrade edges ahead on platform breadth and functionality in our scoring.
| Feature | Boston Merchant Financial | freetrade |
|---|---|---|
| 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, Mac, ZuluTrade, Web Trader, cTrader, 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 freetrade compare. freetrade runs regular live webinars; Boston Merchant Financial does not. freetrade has a video library; Boston Merchant Financial does not. freetrade publishes daily market commentary; Boston Merchant Financial does not. freetrade integrates third-party research tools (Trading Central, Autochartist); Boston Merchant Financial does not. freetrade maintains an archive of past webinars for on-demand viewing. freetrade scores higher overall in education and research.
| Feature | Boston Merchant Financial | freetrade |
|---|---|---|
| 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 freetrade supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). freetrade uniquely supports PayPal and Skrill and Neteller among the two brokers. freetrade scores higher on deposit and withdrawal flexibility.
| Feature | Boston Merchant Financial | freetrade |
|---|---|---|
| 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 freetrade offer live chat support. Both provide phone support. Email support is available at both brokers. Boston Merchant Financial supports 2 languages and freetrade supports 8, giving freetrade broader global reach. Both brokers are comparable on support quality.
| Feature | Boston Merchant Financial | freetrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |