Boston Merchant Financial
ThinkMarkets
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Overview
Boston Merchant Financial was founded in 1988 and is headquartered in Dubai, while ThinkMarkets was established in 2010 and is based in Australia & United Kingdom. Boston Merchant Financial holds licences including Australian Securities and Investment Commission (ASIC), while ThinkMarkets is regulated by the Japanese Financial Services Agency (JFSA) with license no. 0250 among others. Boston Merchant Financial serves 10,000+ clients worldwide; ThinkMarkets has 475,000+. The minimum deposit is $50 at Boston Merchant Financial and $0 at ThinkMarkets.
| Feature | Boston Merchant Financial | ThinkMarkets |
|---|---|---|
| Min. Deposit | $50 | $0 |
| Regulation | Australian Securities and Investment Commission (ASIC) | the Japanese Financial Services Agency (JFSA) with license no. 0250, the Cyprus Securities and Exchange Commission (CySEC) with license no. 215/13, the Financial Conduct Authority (FCA 629628) in the UK, the Australian Securities and Investments Commission (ASIC 424700), the Financial Sector Conduct Authority (FSCA) in South Africa and the Financial Services Authority (FSA SD060) Seychelles. TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority, FRN 629628. TF GLobal Markets (Aust) Limited is the holder of Australian Financial Services Licence number 424700. TF GLobal Markets (South Africa) (Pty) Ltd is an authorised financial services provider (FSP No 49835). TF Global Markets Int Limited is authorised and regulated by the Financial Services Authority, Firm Reference Number SD060 Seychelles |
| Founded | 1988 | 2010 |
| Country | Dubai | Australia & United Kingdom |
| Clients | 10,000+ | 475,000+ |
Fees
Fees are a critical factor when choosing between Boston Merchant Financial and ThinkMarkets, directly affecting your bottom line as a trader. ThinkMarkets has a lower barrier to entry with a minimum deposit of $0 (vs $50 at Boston Merchant Financial). Neither broker charges withdrawal fees. ThinkMarkets applies inactivity fees on dormant accounts; Boston Merchant Financial does not. The two brokers are broadly comparable on fee structure.
| Feature | Boston Merchant Financial | ThinkMarkets |
|---|---|---|
| Min. Deposit | $50 | $0 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | Yes |
Platforms
Boston Merchant Financial offers MT5, cTrader, while ThinkMarkets supports MT4, MT5, a proprietary platform. Boston Merchant Financial offers a mobile trading app; mobile availability for ThinkMarkets is limited. Both brokers support copy or social trading, catering to less hands-on investors. Boston Merchant Financial edges ahead on platform breadth and functionality in our scoring.
| Feature | Boston Merchant Financial | ThinkMarkets |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | No |
| Windows App | Yes | No |
| iOS App | Yes | No |
| Android App | Yes | No |
| Trading Platforms | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5 and ThinkTrader |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Boston Merchant Financial and ThinkMarkets compare. ThinkMarkets runs regular live webinars; Boston Merchant Financial does not. ThinkMarkets has a video library; Boston Merchant Financial does not. ThinkMarkets publishes daily market commentary; Boston Merchant Financial does not. ThinkMarkets integrates third-party research tools (Trading Central, Autochartist); Boston Merchant Financial does not. ThinkMarkets maintains an archive of past webinars for on-demand viewing. ThinkMarkets scores higher overall in education and research.
| Feature | Boston Merchant Financial | ThinkMarkets |
|---|---|---|
| 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 ThinkMarkets supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). ThinkMarkets uniquely supports PayPal and Skrill and Neteller among the two brokers. ThinkMarkets scores higher on deposit and withdrawal flexibility.
| Feature | Boston Merchant Financial | ThinkMarkets |
|---|---|---|
| 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 ThinkMarkets offer live chat support. Both provide phone support. Email support is available at both brokers. Boston Merchant Financial supports 2 languages and ThinkMarkets supports 13, giving ThinkMarkets broader global reach. Both brokers are comparable on support quality.
| Feature | Boston Merchant Financial | ThinkMarkets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Portuguese, Vietnamese, Chinese, Czech, Greek, Indonesian, Thai, Malay, Italian, Arabic, German, Spanish and Japanese |