Boston Merchant Financial
patersons securities limited
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Overview
Boston Merchant Financial was founded in 1988 and is headquartered in Dubai, while patersons securities limited was established in 2015 and is based in United States. Boston Merchant Financial holds licences including Australian Securities and Investment Commission (ASIC), while patersons securities limited is regulated by AFS Licence 234666 among others. Boston Merchant Financial serves 10,000+ clients worldwide; patersons securities limited has 10,000+. The minimum deposit is $50 at Boston Merchant Financial and $250 at patersons securities limited.
| Feature | Boston Merchant Financial | patersons securities limited |
|---|---|---|
| Min. Deposit | $50 | $250 |
| Regulation | Australian Securities and Investment Commission (ASIC) | AFS Licence 234666 |
| Founded | 1988 | 2015 |
| Country | Dubai | United States |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Boston Merchant Financial and patersons securities limited, directly affecting your bottom line as a trader. patersons securities limited has a lower barrier to entry with a minimum deposit of $250 (vs $50 at Boston Merchant Financial). Neither broker charges withdrawal fees. patersons securities limited charges deposit fees; Boston Merchant Financial does not. Overall, Boston Merchant Financial scores higher on fees in our assessment.
| Feature | Boston Merchant Financial | patersons securities limited |
|---|---|---|
| Min. Deposit | $50 | $250 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
Boston Merchant Financial offers MT5, cTrader, while patersons securities limited 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. patersons securities limited edges ahead on platform breadth and functionality in our scoring.
| Feature | Boston Merchant Financial | patersons securities limited |
|---|---|---|
| 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 patersons securities limited compare. patersons securities limited runs regular live webinars; Boston Merchant Financial does not. patersons securities limited has a video library; Boston Merchant Financial does not. patersons securities limited publishes daily market commentary; Boston Merchant Financial does not. patersons securities limited integrates third-party research tools (Trading Central, Autochartist); Boston Merchant Financial does not. patersons securities limited maintains an archive of past webinars for on-demand viewing. patersons securities limited scores higher overall in education and research.
| Feature | Boston Merchant Financial | patersons securities limited |
|---|---|---|
| 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 patersons securities limited supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). patersons securities limited uniquely supports PayPal and Skrill and Neteller among the two brokers. patersons securities limited scores higher on deposit and withdrawal flexibility.
| Feature | Boston Merchant Financial | patersons securities limited |
|---|---|---|
| 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 patersons securities limited offer live chat support. Both provide phone support. Email support is available at both brokers. Boston Merchant Financial supports 2 languages and patersons securities limited supports 8, giving patersons securities limited broader global reach. Both brokers are comparable on support quality.
| Feature | Boston Merchant Financial | patersons securities limited |
|---|---|---|
| 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 |