Boston Merchant Financial
XGLOBAL Markets
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Boston Merchant Financial was founded in 1988 and is headquartered in Dubai, while XGLOBAL Markets was established in 2008 and is based in Cyprus. Boston Merchant Financial holds licences including Australian Securities and Investment Commission (ASIC), while XGLOBAL Markets is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Boston Merchant Financial serves 10,000+ clients worldwide; XGLOBAL Markets has 10,000+. The minimum deposit is $50 at Boston Merchant Financial and $500 at XGLOBAL Markets.
| Feature | Boston Merchant Financial | XGLOBAL Markets |
|---|---|---|
| Min. Deposit | $50 | $500 |
| Regulation | Australian Securities and Investment Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 1988 | 2008 |
| Country | Dubai | Cyprus |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Boston Merchant Financial and XGLOBAL Markets, directly affecting your bottom line as a trader. Boston Merchant Financial has a lower barrier to entry with a minimum deposit of $50 (vs $500 at XGLOBAL Markets). XGLOBAL Markets charges withdrawal fees while Boston Merchant Financial does not, giving Boston Merchant Financial an edge for frequent withdrawers. XGLOBAL Markets charges deposit fees; Boston Merchant Financial does not. Overall, Boston Merchant Financial scores higher on fees in our assessment.
| Feature | Boston Merchant Financial | XGLOBAL Markets |
|---|---|---|
| Min. Deposit | $50 | $500 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
Boston Merchant Financial offers MT5, cTrader, while XGLOBAL Markets supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Boston Merchant Financial supports social and copy trading features, which XGLOBAL Markets does not offer. XGLOBAL Markets edges ahead on platform breadth and functionality in our scoring.
| Feature | Boston Merchant Financial | XGLOBAL Markets |
|---|---|---|
| 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 | Desktop,iOS,Android |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Boston Merchant Financial and XGLOBAL Markets compare. XGLOBAL Markets has a video library; Boston Merchant Financial does not. XGLOBAL Markets integrates third-party research tools (Autochartist); Boston Merchant Financial does not. XGLOBAL Markets scores higher overall in education and research.
| Feature | Boston Merchant Financial | XGLOBAL Markets |
|---|---|---|
| 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 XGLOBAL Markets supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Boston Merchant Financial | XGLOBAL Markets |
|---|---|---|
| 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 XGLOBAL Markets 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 | XGLOBAL Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |