Boston Merchant Financial
icm capital
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Overview
Boston Merchant Financial was founded in 1988 and is headquartered in Dubai, while icm capital was established in 2015 and is based in Geneva. Boston Merchant Financial holds licences including Australian Securities and Investment Commission (ASIC), while icm capital is regulated by Financial Conduct Authority (FCA) among others. Boston Merchant Financial serves 10,000+ clients worldwide; icm capital has 10,000+. The minimum deposit is $50 at Boston Merchant Financial and $250 at icm capital.
| Feature | Boston Merchant Financial | icm capital |
|---|---|---|
| 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-F258 |
| Founded | 1988 | 2015 |
| Country | Dubai | Geneva |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Boston Merchant Financial and icm capital, directly affecting your bottom line as a trader. icm capital has a lower barrier to entry with a minimum deposit of $250 (vs $50 at Boston Merchant Financial). icm capital 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 | icm capital |
|---|---|---|
| Min. Deposit | $50 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | Yes |
Platforms
Boston Merchant Financial offers MT5, cTrader, while icm capital 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. icm capital edges ahead on platform breadth and functionality in our scoring.
| Feature | Boston Merchant Financial | icm capital |
|---|---|---|
| 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 icm capital compare. icm capital runs regular live webinars; Boston Merchant Financial does not. icm capital has a video library; Boston Merchant Financial does not. icm capital publishes daily market commentary; Boston Merchant Financial does not. icm capital integrates third-party research tools (Trading Central, Autochartist); Boston Merchant Financial does not. icm capital maintains an archive of past webinars for on-demand viewing. icm capital scores higher overall in education and research.
| Feature | Boston Merchant Financial | icm capital |
|---|---|---|
| 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 icm capital supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). icm capital uniquely supports PayPal and Skrill and Neteller among the two brokers. icm capital scores higher on deposit and withdrawal flexibility.
| Feature | Boston Merchant Financial | icm capital |
|---|---|---|
| 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 icm capital offer live chat support. Both provide phone support. Email support is available at both brokers. Boston Merchant Financial supports 2 languages and icm capital supports 8, giving icm capital broader global reach. Both brokers are comparable on support quality.
| Feature | Boston Merchant Financial | icm capital |
|---|---|---|
| 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 |