Boston Merchant Financial
Uphold
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Overview
Boston Merchant Financial was founded in 1988 and is headquartered in Dubai, while Uphold was established in 2013 and is based in United States. Boston Merchant Financial holds licences including Australian Securities and Investment Commission (ASIC), while Uphold is regulated by FCA and FINCEN: Uphold Europe Limited among others. Boston Merchant Financial serves 10,000+ clients worldwide; Uphold has 4,000,000+. The minimum deposit is $50 at Boston Merchant Financial and $1 at Uphold.
| Feature | Boston Merchant Financial | Uphold |
|---|---|---|
| Min. Deposit | $50 | $1 |
| Regulation | Australian Securities and Investment Commission (ASIC) | FCA and FINCEN: Uphold Europe Limited, Reg No. 09281410. Uphold HQ Inc. NMLS ID No. 1269875 |
| Founded | 1988 | 2013 |
| Country | Dubai | United States |
| Clients | 10,000+ | 4,000,000+ |
Fees
Fees are a critical factor when choosing between Boston Merchant Financial and Uphold, directly affecting your bottom line as a trader. Uphold has a lower barrier to entry with a minimum deposit of $1 (vs $50 at Boston Merchant Financial). Neither broker charges withdrawal fees. The two brokers are broadly comparable on fee structure.
| Feature | Boston Merchant Financial | Uphold |
|---|---|---|
| Min. Deposit | $50 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Boston Merchant Financial offers MT5, cTrader, while Uphold supports a proprietary platform. Both brokers provide mobile trading apps for iOS and Android. Boston Merchant Financial supports social and copy trading features, which Uphold does not offer. Boston Merchant Financial edges ahead on platform breadth and functionality in our scoring.
| Feature | Boston Merchant Financial | Uphold |
|---|---|---|
| MT4 | No | No |
| MT5 | Yes | No |
| cTrader | Yes | No |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Web Trader, Tablet & Mobile apps | Web, Desktop & 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 Uphold compare. Uphold runs regular live webinars; Boston Merchant Financial does not. Uphold has a video library; Boston Merchant Financial does not. Uphold maintains an archive of past webinars for on-demand viewing. Uphold scores higher overall in education and research.
| Feature | Boston Merchant Financial | Uphold |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | No |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | No | No |
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 Uphold supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Boston Merchant Financial | Uphold |
|---|---|---|
| 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 Uphold offer live chat support. Boston Merchant Financial offers phone support; Uphold does not. Email support is available at both brokers. Boston Merchant Financial supports 2 languages and Uphold supports 1, giving Boston Merchant Financial broader global reach. Boston Merchant Financial scores higher overall on customer support in our assessment.
| Feature | Boston Merchant Financial | Uphold |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | No |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English |