Boston Merchant Financial Review 2020

Boston Merchant Financial Rated 3/5
learn more Learn more about eToro. 71% of retail investor accounts lose money when trading CFDs with this provider.
Boston Merchant Financial Review Screenshot

Boston Merchant Financial Guide - Read our In Depth Boston Merchant Financial Review

This Boston Merchant Financial review was written by industry experts with over 20 years of financial experience in Forex.
The content in this Boston Merchant Financial review does not apply to US users.

What is Boston Merchant Financial?

Boston Merchant Financial are an a global online financial trading platform and multi asset broker founded in 1988

Over 32 years later Boston Merchant Financial has grown to offering retail investors Forex trading.

Boston Merchant Financial are a global broker and have a head office in Dubai.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

We will dive deep in this Boston Merchant Financial review and assess how well the Boston Merchant Financial platform functions in its role as an international multiple financial asset trading platform for traders in 2020.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. Choosing an online broker like Boston Merchant Financial can be difficult. For a beginner, the first few hurdles can come in the form of what appears to be a complex mobile or online trading platform, hard to understand investment terminology and confusing fee structures. In our review of Boston Merchant Financial we breakdown the pros and cons. What Boston Merchant Financial are able to offer, what countries Boston Merchant Financial are available in. Who Boston Merchant Financial are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

This is why we have taken the time to review only the best brokerage firms, their practices, their fee structure and all other important aspects. We want you to evaluate and analyse and trust your hard-earned cash with only the safest and best of brokers. We hope you find this Boston Merchant Financial review useful.

This review of the Boston Merchant Financial platform is very detailed. If you are interested in trading with Boston Merchant Financial in any capacity please take the time to read and research the whole Boston Merchant Financial review.

We have tried to explain the ins and outs of financial trading through the Boston Merchant Financial platform as plainly as possible so that you the trader are as informed as possible before you start to use the Boston Merchant Financial trading tools and depositing and withdrawing funds from Boston Merchant Financial.

Benefits of trading with Boston Merchant Financial

Open Boston Merchant Financial's Website

Losses can exceed deposits

Investing online can be just as risky as any other kind of offline investment. As with any investment, it is important to know and research the company you are dealing with. When trading financial assets with Boston Merchant Financial like Forex trading. you should have confidence in Boston Merchant Financial and know that the management of your financial investments on the Boston Merchant Financial platform is in good hands.

At the bottom of this Boston Merchant Financial review you can also learn about some pretty good alternatives to Boston Merchant Financial

With this Boston Merchant Financial review we hope to help you see if Boston Merchant Financial is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding Boston Merchant Financial that will help you get off to a good start in the world of online trading.

Boston Merchant Financial Review Table of Contents

Boston Merchant Financial review
Boston Merchant Financial is a Multi-Assets Trading Platform with over 100+ Assets

Learn more about Boston Merchant Financial. Boston Merchant Financial is a multi asset platform with 100+ tradable Assets. Assets available on Boston Merchant Financial include Forex.

Boston Merchant Financial trades in multiple financial asset types. An asset in financial investment, is any security or asset, tangible or intangible, that has a financial value attached. This means that Forex are considered financial assets.

Boston Merchant Financial review
Features of Boston Merchant Financial

Boston Merchant Financial review
What you should know

Boston Merchant Financial offer one way to trade: Forex.

With Boston Merchant Financial you will need a minimum deposit of $50. You can sign up for a demo account to acquaint yourself with Boston Merchant Financial platform.

Boston Merchant Financial are able to accommodate various levels of traders whether you are experienced or a beginner.

Boston Merchant Financial review
Are Boston Merchant Financial safe?

When choosing a broker like Boston Merchant Financial the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 1988, and in operation for 32 years Boston Merchant Financial have a head office in Dubai.

Boston Merchant Financial is regulated. This means Boston Merchant Financial are supervised by and is checked for conduct by the Australian Securities and Investments Commission (ASIC) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Boston Merchant Financial, this will be honored. If Boston Merchant Financial violate any regulatory rules their regulated status could be stripped.

Boston Merchant Financial review
Is my money safe with Boston Merchant Financial?

Any payments funded to Boston Merchant Financial accounts by traders are held in a segregated bank account.

For added security Boston Merchant Financial use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

What are Tier 1 banks and why should Boston Merchant Financial use them?

A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank. A Tier 1 bank has strong core capital reserves and financial regulators utilize tier one banks because they are able to withstand unexpected financial losses.

What does it mean to have your funds in Boston Merchant Financial deposited in a Tier 1 bank?

Having any money you deposit with Boston Merchant Financial means that your funds are safe in a bank that has enough capital to accommodate your withdrawal wishes even if Boston Merchant Financial goes out of business for some reason.

Therefore, we can safely conclude that Boston Merchant Financial is secure and safe.

That said, please note that you can lose funds when trading in financial assets. Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform.

While trading in financial investments, losing money rapidly due to trading Forex is not uncommon. Only take the risk of trading when you understand that your invested capital is at risk any time due to market volatility. Boston Merchant Financial also clearly state on their platform that Losses can exceed deposits.

Now that we have answered some important questions regrding Boston Merchant Financial. let us look at the Boston Merchant Financial features in more detail.

Try creating two accounts when you are working with Boston Merchant Financial. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit Boston Merchant Financial

Losses can exceed deposits

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

How Boston Merchant Financial as a Company Compare Against Other Brokers

Broker BFNM eToro IC Markets XTB
Year Established 1988 2006 2007 2002
Head Office Dubai Cyprus, UK Australia Poland
Regulation Australian Securities and Investments Commission (ASIC) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG)
Used By 10,000+ Boston Merchant Financial users 12,000,000+ eToro users 60,000+ IC Markets users 250,000+ XTB users
Negative balance protection No Yes Yes Yes
Guaranteed Stop Loss Yes No No No
Learn More Visit Boston Merchant Financial Visit eToro Visit IC Markets Visit XTB
Risk Warning Losses can exceed deposits 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Boston Merchant Financial review
Boston Merchant Financial Pros and Cons

What we like about Boston Merchant Financial

  • Used by over 10,000 Boston Merchant Financial users and traders
  • Established in 1988
  • Regulated by Australian Securities and Investments Commission (ASIC)
  • Min. deposit from $50

What we don't like about Boston Merchant Financial

Boston Merchant Financial review
Boston Merchant Financial Regulation and Licensing in more detail

We have checked and Boston Merchant Financial is regulated and supervised by reputable organisations. You are able to check every Boston Merchant Financial supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with Boston Merchant Financial. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect Boston Merchant Financial traders and provide a safe trading environment.

Boston Merchant Financial is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as Boston Merchant Financial you should be sure they're legitimate online agent.

Boston Merchant Financial review
Is Boston Merchant Financial Global?

Yes, Boston Merchant Financial is global as Boston Merchant Financial is available in over 194 countries.

Boston Merchant Financial is a global trading platform in the sense that it operates in 194 nations including nations in Europe, Asia, Oceania, and Africa. Major countries Boston Merchant Financial covers include the UK, Germany, Australia, South Africa, Thailand, the United States and China. Boston Merchant Financial has a total of more than 10,000 users.

Boston Merchant Financial review
Boston Merchant Financial Fees Explained

  • Boston Merchant Financial doesn't charge withdrawal fees
  • Boston Merchant Financial does not charge a fee for inactive accounts.
  • Boston Merchant Financial doesn't charge deposit fees.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company, brokers may charge clients various fees.

How Boston Merchant Financial Fees Compare Against Other Brokers

Broker BFNM eToro IC Markets XTB
Min Deposit 50 200 200 0
Withdrawal Fees No Yes No varies
Inactivity Fees No Yes No No
Deposit Fees No No Varies No
CFD Commission Fees No No Yes Yes

Boston Merchant Financial review
Boston Merchant Financial Minimum Deposit

Boston Merchant Financial require a minimum desposit of 50 GBP/USD when opening an Boston Merchant Financial trading account.

A minimum deposit is the minimum amount of money required by Boston Merchant Financial to open a new online brokerage account with them.

Dont be scared off by brokers like Boston Merchant Financial charging a minimum deposit to open a trading account. Brokers that charge higher minimum deposits often offer additional premium services on there platforms that are not available for free on other platforms.

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other fees may be higher with a low minimum deposit account.

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.

As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.

Boston Merchant Financial review
Boston Merchant Financial Withdrawal Fees

Boston Merchant Financial doesn't charge withdrawal fees.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees and processing times.

Boston Merchant Financial for example allow you to withdraw your funds to Credit cards, Bank Transfer, American Express, Neteller, Skrill.

Boston Merchant Financial review
Boston Merchant Financial Inactivity Fees

Boston Merchant Financial does not charge a fee for inactive accounts.

An account inactivity fee is a fee charged to the registered brokerage client.

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.

If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.

Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.

Boston Merchant Financial review
Boston Merchant Financial Desposit Fees

Boston Merchant Financial does not charge deposit fees.

Some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

Boston Merchant Financial review
Boston Merchant Financial Commission Fees

Boston Merchant Financial does not charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

Boston Merchant Financial review
What can you trade with Boston Merchant Financial?

Be aware that Different entities under Boston Merchant Financial Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

You can trade a wide variety of instruments with Boston Merchant Financial over 100 instruments infact.

If you are looking at trading currency pairs Boston Merchant Financial offer over 25 currency pairs.

Compare Boston Merchant Financial with eToro and IC Markets below.

Losses can exceed deposits

How Boston Merchant Financial Trading Options Compare Against Other Brokers

Broker BFNM eToro IC Markets XTB
Instruments Available 100 2000 232 4000
Platforms MT4, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, Mirror Trader, Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 25 50 65 50
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs No Yes Yes Yes
Exotic Forex pairs No Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs        
Commodities Offered 2 0 19 21
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes Yes Yes
Indiced & Stock CFDs        
Stocks Offered 37 957 100 1696
UK Shares Yes Yes No Yes
US Shares Yes Yes Yes Yes
German Shares Yes Yes Yes Yes
Japanese Shares Yes Yes Yes Yes
Risk Warning Visit Boston Merchant Financial
Losses can exceed deposits
Visit eToro
71% of retail investor accounts lose money when trading CFDs with this provider.
Visit IC Markets
Losses can exceed deposits
Visit XTB
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Boston Merchant Financial review
Trading on Boston Merchant Financial web platforms and other applications

Boston Merchant Financial offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

Boston Merchant Financial also offer mobile apps, for Android and iOS making it easier to keep an eye on and execute your trades while you’re on the move.


See Boston Merchant Financial's platforms

Boston Merchant Financial review
Is the Boston Merchant Financial Trading Platform Secure?

Boston Merchant Financial safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. Boston Merchant Financial also urges its clients through its web platform to always look for the SSL security sign (a lock sign) o the browser while operating Boston Merchant Financial.

Boston Merchant Financial review
Boston Merchant Financial Trading Platform Options

Once you have logged into your Boston Merchant Financial account you will see the below trading platform options available to you.

  • MetaTrader 4 (MT4)

Boston Merchant Financial does not offer the MetaTrader 5 (MT5) trading platform. If you are looking for a online platform that does support MT5 click here

Boston Merchant Financial does not offer the cTrader trading platform. You can find a broker that supports cTrader here

Lets explore each of these trading platforms in detail and what options Boston Merchant Financial gives you.

Boston Merchant Financial review
Boston Merchant Financial MetaTrader 4 (MT4)

Boston Merchant Financial MetaTrader 4

MetaTrader 4 also known as MT4 is the number one trading platform on the planet and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface and an extremely customisable trading environment, designed to ful fill all of your trading needs and boost your trading performance. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.

Understand that the MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements with Boston Merchant Financial. You can learn more about the MT4 Platform here.

You can start using the MetaTrader 4 platform with Boston Merchant Financial in multiple formats including through an online web platform, Through a downloadable application for Windows PC's and Apple Macintosh computers. Boston Merchant Financial MetaTrader 4 is compatible with the latest macOS Mojave. Boston Merchant Financial allows traders to trade on mobile devices through Android and IOS devices like the iPhone.

Metatrader 4 Webtrader on Boston Merchant Financial

MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. MetaTrader 4 web software provides the same easy to use performance as the desktop version using advanced charting, a highly customisable trading environment, easy to access online trading tools and many different indicators. You can enjoy our Raw Pricing trading environment without a Dealing Desk from anywhere in the world.

Trade Boston Merchant Financial MetaTrader 4 on IOS Devices

You can download the Boston Merchant Financial app or also trade with Boston Merchant Financial through the MetaTrader 4 application on the Apple app store.

Download the Metaquotes MetaTrader 4 Program for free of charge from Apple's App Store. IC Markets customers have instant access to this Financial markets, with the ability to completely manage a Portfolio on the go.

Trade Boston Merchant Financial MetaTrader 4 on Android Devices

Andorid mobile devices and tablets are used by millions of people globally. Boston Merchant Financial provides its clients access to the MetaTrader 4 platform on Android supported devices so that customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android Boston Merchant Financial MetaTrader 4 Android application enable traders to make the most of multiple advanced trading features which enables them to monitor and trade Forex quickly on the go, simply and securely.

Trade Boston Merchant Financial MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators is a Bundle of three Major indicators including:

  • Analyst Perspectives - A go-to resource for leadership and key levels.
  • Adaptive Candlesticks - Identifies chart patterns which illustrate important changes in demand and supply.
  • Adaptive Divergence Convergence (ADC) - Much like MACD however useful at shorter lengths and provides more timely signs.

Boston Merchant Financial MetaTrader 4 Advanced Trading Tools

The Boston Merchant Financial advanced trading tools for MetaTrader 4 are aimed at improving the total trading experience and providing traders with a competitive advantage. Boston Merchant Financial offers access to 20 exclusive tools which includes feature rich trade execution & management programs, sophisticated notification alarms, messaging facilities, innovative market data & more.

Trade Boston Merchant Financial MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal provides a intuitive easy to use dashboard where traders can administer and supervise several trading accounts. MultiTerminal will let you manage over 100 Accounts simultaneously allowing you to place market orders, pending orders, view live market prices and track all accounts and equity at real time. All Trading accounts must be in on the same MetaTrader server. MultiTerminal doesn't support Automated Trading scripts like Expert Advisors.

Boston Merchant Financial MetaTrader 4 AutoChartist

Boston Merchant Financial Autochartist provides the world's first Market Scanner available for MT4 using a non-trading Expert Advisor script. Scan markets for trading opportunities while viewing all symbols and time intervals from a single graph. Gone are the days of launching a lot of graphs on which you can't remember which currency you're taking a look at. Autochartist offers a simple user interface that can be customized to suite how you like to trade.

Boston Merchant Financial Trading benefits :

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss

Boston Merchant Financial Trading Accounts Offered :

  • Demo account
  • Micro account
  • Standard account
  • STP account
  • Managed account
  • Islamic account

Can I try Boston Merchant Financial before I buy?

Boston Merchant Financial offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

Losses can exceed deposits

Boston Merchant Financial withdrawal and funding methods.

Please note that the list of Boston Merchant Financial payment methods below depend on the Boston Merchant Financial Entity and the Clients Country of Residence.

Boston Merchant Financial offer the below funding payment methods. learn more about Boston Merchant Financial

Boston Merchant Financial Payment Methods

  • Boston Merchant Financial accepts Credit cards
  • Boston Merchant Financial accepts Bank Transfer
  • Boston Merchant Financial accepts American Express
  • Boston Merchant Financial accepts Neteller
  • Boston Merchant Financial accepts Skrill
Broker BFNM eToro IC Markets XTB
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill Yes Yes Yes Yes
Payoneer No Yes No Yes
Neteller Yes Yes Yes Yes

How can I start trading with Boston Merchant Financial?

When opening a trading account with Boston Merchant Financial, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Boston Merchant Financial trading platforms here.

Losses can exceed deposits

Performing trades with Boston Merchant Financial

Boston Merchant Financial allow you to execute a minimum of trade of 0.01 Lot. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument. As Boston Merchant Financial offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the instruments.

Limit Risk When Trading with Boston Merchant Financial Stop Loss, Boston Merchant Financial Stop Limit Orders

A stop-loss order is an order placed with a broker like Boston Merchant Financial to buy or sell once the stock reaches a certain price. A stop-loss is designed to limit a traders loss on a security position.

Most traders need to use stop losses to protect themselves from huge risk unless the trade is hedged against another trade or the trader is not using leverage. Circumstances differ depending on the trade and the markets.

Education resources at Boston Merchant Financial

To trade effectively with Boston Merchant Financial, it's important to get a have a good understanding of the Boston Merchant Financial trading tools and the markets.

Boston Merchant Financial offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with Boston Merchant Financial.

Take time to look around the Boston Merchant Financial platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at Boston Merchant Financial

Boston Merchant Financial support a wide range of languages including English, Russian, Chinese, Arabic, Spanish

Boston Merchant Financial have a A grade support rating because Boston Merchant Financial offer over three languages.

Livechat Support at Boston Merchant Financial

We tested the Boston Merchant Financial live chat and it works well. We sent messages to Boston Merchant Financial livechat through their app and website and recieved a response within 8 minutes.

We tested communicating with Boston Merchant Financial support in multiple languages in multiple countries. Boston Merchant Financial where able to resolve our customer issues.

Email Support at Boston Merchant Financial

We sent several emails to Boston Merchant Financial and answer times overall were excellent. The fastest response from Boston Merchant Financial was less than 40 minutes and the slowest response was 9 hours. Support response times may vary for you with Boston Merchant Financial, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall good email support from Boston Merchant Financial.

Phone Support at Boston Merchant Financial

We called Boston Merchant Financial and the call was answered very quickly. The call was answered in less than 5 minutes.

The Boston Merchant Financial phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual Boston Merchant Financial team by calling in varying languages. Boston Merchant Financial made an effort to make sure our queries were answered.

Overall the phone support from Boston Merchant Financial was okay.

See how Boston Merchant Financial Support Compares Against Other Brokers

Broker BFNM eToro IC Markets XTB
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Russian, Chinese, Arabic, Spanish English, German, Spanish, French, Italian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish
Learn More Visit Boston Merchant Financial Visit eToro Visit IC Markets Visit XTB
Risk Warning Losses can exceed deposits 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

What you will need to open an account with Boston Merchant Financial

As Boston Merchant Financial is regulated by Australian Securities and Investments Commission (ASIC), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under Boston Merchant Financial Brand may be different.

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 3 minutes or so to complete the account opening process.

While you might be able to explore Boston Merchant Financial's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Boston Merchant Financial you can visit the Boston Merchant Financial trading platform here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://bmfn.com/ on November 22, 2020.

Boston Merchant Financial review
Is Boston Merchant Financial A Good Broker?

We spent over 3 months examining Boston Merchant Financial in depth. Although we found some very useful aspects of the Boston Merchant Financial platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative Boston Merchant Financial broker.

  • Boston Merchant Financial have a good track record of offering Forex.
  • Boston Merchant Financial has a history of over 32 years.
  • Boston Merchant Financial has a reasonable sized customer support of at least 10.
  • Boston Merchant Financial are regulated by Australian Securities and Investments Commission (ASIC). This means Boston Merchant Financial fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • Boston Merchant Financial have regulation from a Tier 1 reputable country.
  • Boston Merchant Financial has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • Boston Merchant Financial have an international presence in multiple countries. This includes local Boston Merchant Financial seminars and training.
  • Boston Merchant Financial are able to hire people from various locations in the world who can better communicate in your local language.

Boston Merchant Financial Risk Disclaimer

Losses can exceed deposits

Boston Merchant Financial review
Boston Merchant Financial not quite right?

If after reading this Boston Merchant Financial review, Boston Merchant Financial does not fulfill your needs check out these Boston Merchant Financial Alternatives.

Click here to view the best Boston Merchant Financial Alternatives

We have spent years researching the best alternatives to Boston Merchant Financial. Click the links below to learn more.

If you feel some of the above Boston Merchant Financial are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of Boston Merchant Financial alternatives below.

Boston Merchant Financial review
Related Boston Merchant Financial Vs Comparisons

We have covered allot in this Boston Merchant Financial review, If you want to see how Boston Merchant Financial compares side by side with other brokers check out our Boston Merchant Financial Vs pages.

If you would like to see how Boston Merchant Financial stands up against other brokers you can read some of our Boston Merchant Financial comparisons below. We compare side by side some of our top rated Boston Merchant Financial versus comparisons. Read our indepth Boston Merchant Financial VS pages below.

Boston Merchant Financial review
BOSTON MERCHANT FINANCIAL Frequently Asked Questions

Can I try Boston Merchant Financial before I buy?

Boston Merchant Financial offer a demo account so you can try the Boston Merchant Financial platform before you put down a payment. Learn more here

What funding methods do Boston Merchant Financial accept?

Please note that the list of payment methods below depend on the Boston Merchant Financial Entity and the Clients Country of Residence.

Boston Merchant Financial offer the following funding payment methods Credit cards, Bank Transfer, American Express, Neteller, Skrill, among other payment methods.
Learn more here

Losses can exceed deposits

Is Boston Merchant Financial safe?

Boston Merchant Financial are considered safe as they are regulated by and checked for conduct by the Australian Securities and Investments Commission (ASIC). Any payments funded to Boston Merchant Financial accounts by traders are held in a segregated bank account. For added security Boston Merchant Financial use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Is Boston Merchant Financial trading good?

Boston Merchant Financial is considered good and reputable to trade with Boston Merchant Financial. Boston Merchant Financial is used by over 10000 active traders and Boston Merchant Financial users. Boston Merchant Financial offers Forex trading. Minimum deposit with Boston Merchant Financial is 50.

Is Boston Merchant Financial trading Legit?

Boston Merchant Financial was founded in Dubai in 1988. Boston Merchant Financial has been facilitating trade on the financial markets for over 32 years. Boston Merchant Financial offers clients Forex trading. All funds deposited to Boston Merchant Financial are held in segregated tier 1 bank accounts for security. Boston Merchant Financial is regulated by Australian Securities and Investments Commission (ASIC) so can be considered legit.

Is Boston Merchant Financial a good broker?

Boston Merchant Financial is overseen by the top tier financial regulators Australian Securities and Investments Commission (ASIC) so can be considered a good broker. Boston Merchant Financial allows Forex trading.

Is Boston Merchant Financial trustworthy broker?

Boston Merchant Financial can be considered trustworthy. All money funded to Boston Merchant Financial is placed into a segregated tier 1 bank account. this means your money in not held by Boston Merchant Financial directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also Boston Merchant Financial is regulated by Australian Securities and Investments Commission (ASIC).

What is the minimum deposit for Boston Merchant Financial?

The minimum deposit to trade with Boston Merchant Financial is 50.

How long do Boston Merchant Financial withdrawals take?

Withdrawing money from Boston Merchant Financial processing time varies but averages 2-5 days.

Is Boston Merchant Financial regulated?

Boston Merchant Financial is regulated by Australian Securities and Investments Commission (ASIC).

Is Boston Merchant Financial a market maker?

Boston Merchant Financial is a market maker. Stocks, currency and other commodities and instruments will be purchased by Boston Merchant Financial even if no buyer is lined up.

How can I start trading with Boston Merchant Financial?

When opening a trading account with Boston Merchant Financial, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Boston Merchant Financial trading platforms here.

Is my money safe with Boston Merchant Financial?

Boston Merchant Financial is regulated by Australian Securities and Investments Commission (ASIC). One of the most important criteria for traders when choosing a broker like Boston Merchant Financial is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Boston Merchant Financial, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is Boston Merchant Financial a con?

Boston Merchant Financial is regulated and well established having been in business for over 32 years. Boston Merchant Financial is definitely not a con.

Can you make money with Boston Merchant Financial?

Although traders have had great success with Boston Merchant Financial. Trading on the financial markets with Boston Merchant Financial is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Losses can exceed deposits.

Does Boston Merchant Financial have fees?

Boston Merchant Financial doesn't charge withdrawal fees. Boston Merchant Financial doesn't charge inactivity fees. Boston Merchant Financial doesn't charge deposit fees.

When was Boston Merchant Financial founded?

Boston Merchant Financial was founded in 1988.

How many people use Boston Merchant Financial?

Boston Merchant Financial is used by over 10000 registered Boston Merchant Financial users.

What is Boston Merchant Financial Headquarters country?

Boston Merchant Financial has its head quarters office in Dubai.

Does Boston Merchant Financial offer negative balance protection?

Boston Merchant Financial does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does Boston Merchant Financial offer guaranteed stop loss?

Boston Merchant Financial offers guaranteed stop loss protection. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does Boston Merchant Financial allow scalping?

Boston Merchant Financial offers scalping.

Does Boston Merchant Financial allow hedging?

Boston Merchant Financial offers hedging.

Does Boston Merchant Financial offer CFD trading?

Boston Merchant Financial does not offer CFD trading.

Does Boston Merchant Financial offer STP?

Boston Merchant Financial offers STP trading.

How many people use Boston Merchant Financial?

Boston Merchant Financial is used by over 10000 Boston Merchant Financial users and traders.

Is Boston Merchant Financial an ECN broker?

Boston Merchant Financial does not offer ECN trading.

Does Boston Merchant Financial offer a demo account?

Boston Merchant Financial offers a demo account.

Does Boston Merchant Financial offer an Islamic account?

Boston Merchant Financial offers a Islamic accounts.

What are the funding methods for Boston Merchant Financial?

Boston Merchant Financial accept the following funding methods : Credit cards, Bank Transfer, American Express, Neteller, Skrill.

Boston Merchant Financial review written by Andrew Blumer and Mark Hansen

We hope you found our review of the Boston Merchant Financial brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

Boston Merchant Financial review written by Mark Hansen of Comparebrokers.co