Boston Merchant Financial
huobi
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Overview
Boston Merchant Financial was founded in 1988 and is headquartered in Dubai, while huobi was established in 2013 and is based in China. Boston Merchant Financial holds licences including Australian Securities and Investment Commission (ASIC), while huobi is regulated by Financial Conduct Authority (FCA) among others. Boston Merchant Financial serves 10,000+ clients worldwide; huobi has 10,000+. The minimum deposit is $50 at Boston Merchant Financial and $250 at huobi.
| Feature | Boston Merchant Financial | huobi |
|---|---|---|
| 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-F257 |
| Founded | 1988 | 2013 |
| Country | Dubai | China |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Boston Merchant Financial and huobi, directly affecting your bottom line as a trader. huobi has a lower barrier to entry with a minimum deposit of $250 (vs $50 at Boston Merchant Financial). Neither broker charges withdrawal fees. Overall, Boston Merchant Financial scores higher on fees in our assessment.
| Feature | Boston Merchant Financial | huobi |
|---|---|---|
| Min. Deposit | $50 | $250 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Boston Merchant Financial offers MT5, cTrader, while huobi 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. huobi edges ahead on platform breadth and functionality in our scoring.
| Feature | Boston Merchant Financial | huobi |
|---|---|---|
| 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 huobi compare. huobi runs regular live webinars; Boston Merchant Financial does not. huobi has a video library; Boston Merchant Financial does not. huobi publishes daily market commentary; Boston Merchant Financial does not. huobi integrates third-party research tools (Trading Central, Autochartist); Boston Merchant Financial does not. huobi maintains an archive of past webinars for on-demand viewing. huobi scores higher overall in education and research.
| Feature | Boston Merchant Financial | huobi |
|---|---|---|
| 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 huobi supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). huobi uniquely supports PayPal and Skrill and Neteller among the two brokers. huobi scores higher on deposit and withdrawal flexibility.
| Feature | Boston Merchant Financial | huobi |
|---|---|---|
| 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 huobi offer live chat support. Both provide phone support. Email support is available at both brokers. Boston Merchant Financial supports 2 languages and huobi supports 8, giving huobi broader global reach. Both brokers are comparable on support quality.
| Feature | Boston Merchant Financial | huobi |
|---|---|---|
| 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 |