Boston Merchant Financial
Interactive Investor
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Overview
Boston Merchant Financial was founded in 1988 and is headquartered in Dubai, while Interactive Investor was established in 1995 and is based in UK. Boston Merchant Financial holds licences including Australian Securities and Investment Commission (ASIC), while Interactive Investor is regulated by Financial Conduct Authority (FCA) among others. Boston Merchant Financial serves 10,000+ clients worldwide; Interactive Investor has 10,000+. The minimum deposit is $50 at Boston Merchant Financial and $1 at Interactive Investor.
| Feature | Boston Merchant Financial | Interactive Investor |
|---|---|---|
| Min. Deposit | $50 | $1 |
| Regulation | Australian Securities and Investment Commission (ASIC) | Financial Conduct Authority (FCA) |
| Founded | 1988 | 1995 |
| Country | Dubai | UK |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Boston Merchant Financial and Interactive Investor, directly affecting your bottom line as a trader. Interactive Investor has a lower barrier to entry with a minimum deposit of $1 (vs $50 at Boston Merchant Financial). Neither broker charges withdrawal fees. Interactive Investor applies inactivity fees on dormant accounts; Boston Merchant Financial does not. The two brokers are broadly comparable on fee structure.
| Feature | Boston Merchant Financial | Interactive Investor |
|---|---|---|
| Min. Deposit | $50 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Boston Merchant Financial offers MT5, cTrader, while Interactive Investor 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. Interactive Investor edges ahead on platform breadth and functionality in our scoring.
| Feature | Boston Merchant Financial | Interactive Investor |
|---|---|---|
| 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 | Web Trader, ProTrader, 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 Interactive Investor compare. Interactive Investor has a video library; Boston Merchant Financial does not. Interactive Investor integrates third-party research tools (Autochartist); Boston Merchant Financial does not. Interactive Investor scores higher overall in education and research.
| Feature | Boston Merchant Financial | Interactive Investor |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| 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 Interactive Investor supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Boston Merchant Financial | Interactive Investor |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
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 Interactive Investor offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | Boston Merchant Financial | Interactive Investor |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |