Boston Merchant Financial
Sharekhan
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Overview
Boston Merchant Financial was founded in 1988 and is headquartered in Dubai, while Sharekhan was established in 2000 and is based in India. Boston Merchant Financial holds licences including Australian Securities and Investment Commission (ASIC), while Sharekhan is regulated by Securities and Exchange Board of India (SEBI) among others. Boston Merchant Financial serves 10,000+ clients worldwide; Sharekhan has 1,500,000+. The minimum deposit is $50 at Boston Merchant Financial and $0 at Sharekhan.
| Feature | Boston Merchant Financial | Sharekhan |
|---|---|---|
| Min. Deposit | $50 | $0 |
| Regulation | Australian Securities and Investment Commission (ASIC) | Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange |
| Founded | 1988 | 2000 |
| Country | Dubai | India |
| Clients | 10,000+ | 1,500,000+ |
Fees
Fees are a critical factor when choosing between Boston Merchant Financial and Sharekhan, directly affecting your bottom line as a trader. Sharekhan has a lower barrier to entry with a minimum deposit of $0 (vs $50 at Boston Merchant Financial). Sharekhan charges withdrawal fees while Boston Merchant Financial does not, giving Boston Merchant Financial an edge for frequent withdrawers. The two brokers are broadly comparable on fee structure.
| Feature | Boston Merchant Financial | Sharekhan |
|---|---|---|
| Min. Deposit | $50 | $0 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | Yes |
Platforms
Boston Merchant Financial offers MT5, cTrader, while Sharekhan 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. Sharekhan edges ahead on platform breadth and functionality in our scoring.
| Feature | Boston Merchant Financial | Sharekhan |
|---|---|---|
| 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, 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 Sharekhan compare. Sharekhan runs regular live webinars; Boston Merchant Financial does not. Sharekhan has a video library; Boston Merchant Financial does not. Sharekhan publishes daily market commentary; Boston Merchant Financial does not. Sharekhan integrates third-party research tools (Trading Central, Autochartist); Boston Merchant Financial does not. Sharekhan maintains an archive of past webinars for on-demand viewing. Sharekhan scores higher overall in education and research.
| Feature | Boston Merchant Financial | Sharekhan |
|---|---|---|
| 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 Sharekhan supports 1 (bank transfer). Boston Merchant Financial uniquely supports credit/debit card among the two brokers. Boston Merchant Financial scores higher on deposit and withdrawal flexibility.
| Feature | Boston Merchant Financial | Sharekhan |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | No |
| 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 Sharekhan offer live chat support. Both provide phone support. Email support is available at both brokers. Boston Merchant Financial supports 2 languages and Sharekhan supports 13, giving Sharekhan broader global reach. Both brokers are comparable on support quality.
| Feature | Boston Merchant Financial | Sharekhan |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, Romana, Turkce |