Boston Merchant Financial
fxglobe
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Overview
Boston Merchant Financial was founded in 1988 and is headquartered in Dubai, while fxglobe was established in 2012 and is based in Malta. Boston Merchant Financial holds licences including Australian Securities and Investment Commission (ASIC), while fxglobe is regulated by Financial Conduct Authority (FCA) among others. Boston Merchant Financial serves 10,000+ clients worldwide; fxglobe has 10,000+. The minimum deposit is $50 at Boston Merchant Financial and $250 at fxglobe.
| Feature | Boston Merchant Financial | fxglobe |
|---|---|---|
| Min. Deposit | $50 | $250 |
| Regulation | Australian Securities and Investment Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F243 |
| Founded | 1988 | 2012 |
| Country | Dubai | Malta |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Boston Merchant Financial and fxglobe, directly affecting your bottom line as a trader. fxglobe has a lower barrier to entry with a minimum deposit of $250 (vs $50 at Boston Merchant Financial). fxglobe charges withdrawal fees while Boston Merchant Financial does not, giving Boston Merchant Financial an edge for frequent withdrawers. fxglobe applies inactivity fees on dormant accounts; Boston Merchant Financial does not. Overall, Boston Merchant Financial scores higher on fees in our assessment.
| Feature | Boston Merchant Financial | fxglobe |
|---|---|---|
| Min. Deposit | $50 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Boston Merchant Financial offers MT5, cTrader, while fxglobe supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Boston Merchant Financial supports social and copy trading features, which fxglobe does not offer. fxglobe edges ahead on platform breadth and functionality in our scoring.
| Feature | Boston Merchant Financial | fxglobe |
|---|---|---|
| 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 fxglobe compare. fxglobe runs regular live webinars; Boston Merchant Financial does not. fxglobe has a video library; Boston Merchant Financial does not. fxglobe publishes daily market commentary; Boston Merchant Financial does not. fxglobe integrates third-party research tools (Trading Central); Boston Merchant Financial does not. fxglobe maintains an archive of past webinars for on-demand viewing. fxglobe scores higher overall in education and research.
| Feature | Boston Merchant Financial | fxglobe |
|---|---|---|
| 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 fxglobe supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). fxglobe uniquely supports PayPal and Skrill and Neteller among the two brokers. fxglobe scores higher on deposit and withdrawal flexibility.
| Feature | Boston Merchant Financial | fxglobe |
|---|---|---|
| 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 fxglobe offer live chat support. Both provide phone support. Email support is available at both brokers. Boston Merchant Financial supports 2 languages and fxglobe supports 8, giving fxglobe broader global reach. Both brokers are comparable on support quality.
| Feature | Boston Merchant Financial | fxglobe |
|---|---|---|
| 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 |