Boston Merchant Financial Vs XM

How Boston Merchant Financial and XM Compare in 2024

Boston Merchant Financial or XM who is better?

Compare BOSTON MERCHANT FINANCIAL Versus XM and IC Markets broker accounts.


Compare Boston Merchant Financial Vs XM Side by Side

So you are looking for a broker, Boston Merchant Financial or XM who should you choose?

When trading on financial markets you will want to know all about who Boston Merchant Financial or XM are, and how they compare. You will naturally want to know how long Boston Merchant Financial and XM have been in business and what reputation Boston Merchant Financial and XM have. On top of this, you will need to discover if Boston Merchant Financial and XM match your trading needs.

Having a reputable and dependable broker is crucial to your trading. The reason for this is quite a simple one You need to be sure in the knowledge that your money is in a segregated bank account with a financially regulated broker. Let us see how Boston Merchant Financial and XM compare.

Well in our side by side comparison we make it easier for you to see what is right for you. As with anything the final decision on which broker to trade with should ultimately be based on what and how you going to trade.

Our comparison will help you judge the effectiveness, price, ease of use and support trustworthiness of Boston Merchant Financial and XM side by side.

If you're itching to start trading, we can assist you in making a well-informed decision when comparing Boston Merchant Financial and XM. By comprehensively comparing Boston Merchant Financial and XM features and services, you can choose a trading platform that best suits your needs and preferences. We aim to equip you with the knowledge to make an educated decision and feel confident in your trading journey with Boston Merchant Financial, XM or an alternative broker.

Our Comparebrokers.co team has painstakingly spent months assessing different brokers accounts. We collected over 1200 data points on Boston Merchant Financial and XM. To simplify things, we analyzed everything for you and provide the main points in relevant blocks on this page.

Regulation alongside currency availability is important when deciding upon a broker. It is very important when selecting a broker like the Boston Merchant Financial platform or XM that they are regulated. To finish off our comparison, let's look at the popular tools and features traders prefer side by side.


Boston Merchant Financial

(3/5)
Benefits of Boston Merchant Financial?
  • Established in 1988
  • Boston Merchant Financial have been in business for 36 years.
  • Head quarters in Dubai.
  • Live Chat
  • Segregates clients funds
  • Boston Merchant Financial Min deposit $50
Boston Merchant Financial screenshot BFNM sign up here
Losses can exceed deposits
Reputation Support
Good
Good

Boston Merchant Financial Regulation

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

Excluded Countries

US

Boston Merchant Financial Fees

Deposit fee No
Commission No
Inactivity fee No
Withdrawal fee No
Min trade 0.01 Lot
Max trade None
Min deposit $50
View all spreads
& fees here
Losses can exceed deposits

Funding Methods

Credit card
Bank transfer
American Express
PayPal
Neteller
Skrill
Bitcoin

Payment processing time
1-2 business days

Withdrawal processing time
1-3 business days

Boston Merchant Financial Features

Apple application available
Android application available
Windows application available
Can Set Price alerts
Variable spreads (Forex)
Scalping trading
Hedge trading
Stop loss orders
Limit orders
One click trading available
Trailing stops available
Expert advisors (Metatrader)
Virtual private server (VPS)
Direct market access (DMA)
ECN broker (Forex ECNs)
STP broker (STP)
Market maker
Trading Signals

Boston Merchant Financial Platforms

MT4, Web Trader, Tablet & Mobile apps

Boston Merchant Financial Languages

English, Russian, Chinese, Arabic, Spanish

See Boston Merchant Financial
features here
Losses can exceed deposits

Financial Markets

Forex (Currency)
Majors
Indices
Penny stocks
Dow Jones
FTSE
Dax
Nikkei
IPO
ETFs
Bitcoin CFD
Metals
Agriculturals
Energies

Boston Merchant Financial Account Types

Demo account
VIP account
Micro account
Standard account
Zero spread account
Islamic account

The information used on comparebrokers.co was updated directly from the Boston Merchant Financial website. Our records were last updated on .

Visit Boston Merchant Financial today
Losses can exceed deposits

XM

(4/5)
Benefits of XM?
  • Established in 2009
  • XM have been in business for 15 years.
  • Head quarters in Cyprus.
  • Live Chat
  • Segregates clients funds
  • XM Min deposit $5
XM screenshot XM sign up here
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% 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.
Reputation Support
Good
Good

XM Regulation

XM is regulated by the Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC).

Excluded Countries

US, CA, IL, IR

XM Fees

Deposit fee No
Commission No
Inactivity fee Yes
Withdrawal fee No
Min trade 0.01 Lot
Max trade 50 Lot
Min deposit $5
View all spreads
& fees here
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% 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.

Funding Methods

Credit card
Bank transfer
American Express
PayPal
Neteller
Skrill
Bitcoin

Payment processing time
Varies

Withdrawal processing time
2 business days
See all XM
funding options here
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% 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.

XM Features

Apple application available
Android application available
Windows application available
Can Set Price alerts
Variable spreads (Forex)
Scalping trading
Hedge trading
Stop loss orders
Limit orders
One click trading available
Trailing stops available
Expert advisors (Metatrader)
Virtual private server (VPS)
Direct market access (DMA)
ECN broker (Forex ECNs)
STP broker (STP)
Market maker
Trading Signals

XM Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

XM Languages

Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish

See XM
features here
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% 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.

Financial Markets

Forex (Currency)
Majors
Indices
Penny stocks
Dow Jones
FTSE
Dax
Nikkei
IPO
ETFs
Bitcoin CFD
Metals
Agriculturals
Energies
See XM
instruments here
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% 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.

XM Account Types

Demo account
VIP account
Micro account
Standard account
Zero spread account
Islamic account

The information used on comparebrokers.co was updated directly from the XM website. Our records were last updated on .

Visit XM today
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% 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.

IC Markets

(4/5)
Benefits of IC Markets?
  • Established in 2007
  • IC Markets have been in business for 17 years.
  • Head quarters in Australia.
  • Live Chat
  • Segregates clients funds
  • IC Markets Min deposit $200
IC Markets screenshot IC Markets sign up here
Losses can exceed deposits
Reputation Support
Good
Good

IC Markets Regulation

IC Markets is regulated by the Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC).

Excluded Countries

US, IR, CA, NZ, JP

IC Markets Fees

Deposit fee Varies
Commission Yes
Inactivity fee No
Withdrawal fee No
Min trade 0.01 Lot
Max trade None
Min deposit $200
View all spreads
& fees here
Losses can exceed deposits

Funding Methods

Credit card
Bank transfer
American Express
PayPal
Neteller
Skrill
Bitcoin

Payment processing time
Varies

Withdrawal processing time
Varies
See all IC Markets
funding options here
Losses can exceed deposits

IC Markets Features

Apple application available
Android application available
Windows application available
Can Set Price alerts
Variable spreads (Forex)
Scalping trading
Hedge trading
Stop loss orders
Limit orders
One click trading available
Trailing stops available
Expert advisors (Metatrader)
Virtual private server (VPS)
Direct market access (DMA)
ECN broker (Forex ECNs)
STP broker (STP)
Market maker
Trading Signals

IC Markets Platforms

MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android

IC Markets Languages

English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more

See IC Markets
features here
Losses can exceed deposits

Financial Markets

Forex (Currency)
Majors
Indices
Penny stocks
Dow Jones
FTSE
Dax
Nikkei
IPO
ETFs
Bitcoin CFD
Metals
Agriculturals
Energies
See IC Markets
instruments here
Losses can exceed deposits

IC Markets Account Types

Demo account
VIP account
Micro account
Standard account
Zero spread account
Islamic account

The information used on comparebrokers.co was updated directly from the IC Markets website. Our records were last updated on .

Visit IC Markets today
Losses can exceed deposits

Boston Merchant Financial Vs XM Table of Contents

Boston Merchant Financial and XM in Detail

Boston Merchant Financial Review Screenshot

The Boston Merchant Financial online trading platform gives traders from all over the world access to over 100 financial instruments, XM include over 1,000 available instruments. There are over 10,000+ registered customers that have taken advantage of the Boston Merchant Financial platform.

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

Boston Merchant Financial Review Screenshot

XM is a renowned Cyprus financial trading brokerage established in 2009.

XM serves customers globally and are regulated by Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC). Depending on the country you are trading from Boston Merchant Financial may serve you from a different business entity to comply with its financial regulators.

XM is not listed on any stock market, does not disclose its yearly report on its website. This is not terribly unusual for a broker, but you will want to check all of this out before you continue. Financial regulation is the most important thing to consider. Boston Merchant Financial is not listed as a PLC.

XM is a popular well known financial trading platform serving over 10,000,000 customers.

Benefits of Boston Merchant Financial and XM Compared

Below, we will give you a summary of the benefits Boston Merchant Financial and XM offer side by side.

Boston Merchant Financial offers a minimum deposit of 50 while XM have a 5 minimum deposit.

Why smaller trading deposits are good and how Boston Merchant Financial and XM compare

One primary and self-evident factor to remember is that you must only deposit an amount that fits your financial capacity with either Boston Merchant Financial or XM. If you have limited financial resources, the broker with the most affordable deposit option will be more appealing. Boston Merchant Financial requires a minimum deposit of 50, whereas XM mandates a minimum deposit of 5. One additional factor to consider while venturing into more precarious yet potentially lucrative financial instruments is to limit your speculation to a modest proportion of your designated trading funds. It's advisable not to be deterred by a broker's higher minimum deposit, whether it's Boston Merchant Financial or XM, and instead focus on the comprehensive trading features offered by their platform. Frequently, a higher minimum deposit provides access to a wider range of financial assets and research tools on the trading platform.

Boston Merchant Financial allows traders to trade up to 100 financial instruments while XM have around 1,000 on their trading platform.

The more instruments available on Boston Merchant Financial and XM trading platforms the more potential financial instruments you can buy or sell for your portfolio. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you seriously do not want to miss out on a trading opportunity due to the limitations of Boston Merchant Financial or XM.

The Boston Merchant Financial trading platform has 37 stocks listed while XM has 160 stocks listed.

Boston Merchant Financial allows retail traders to trade the following assets Forex on the Boston Merchant Financial MT4, Web Trader, Tablet & Mobile apps trading platforms.

Alternatively XM allows retail traders to trade Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs, Energies CFDs on the XM MT4, MT5, Mac, Web Trader, Tablet & Mobile apps trading platforms.

Compare Boston Merchant Financial and XM in more detail below.

Drawbacks of Boston Merchant Financial and XM Compared

Below we compare what drawbacks Boston Merchant Financial and XM have side by side.

Various potential downsides can be associated with certain brokers, including Boston Merchant Financial and XM. One primary drawback is the potential restrictions that may be imposed. Generally, the more diverse investment options available, the more favourable the situation. Another critical aspect to consider is the trading fees and commissions charged by Boston Merchant Financial compared to XM. High trading fees and commissions must be factored into your profit loss of each live trade. Additionally, essential factors to consider are the quality of trading research tools, educational resources, and the overall user-friendliness of Boston Merchant Financial versus XM.

Broker BFNM XM IC Markets
Inactivity Fees No Yes No
Withdrawl Fees No No No
Withdrawal Processing Time 1-3 business days 2 business days Varies
Min Deposit 50 5 200
Social Trading No No Yes
Excluded Countries US US, CA, IL, IR US, IR, CA, NZ, JP

Boston Merchant Financial Vs XM Available Financial Markets

The saying 'Variety is the spice of life' holds for financial markets. It is always advisable to have a diversified investment portfolio whether trading with Boston Merchant Financial or XM. A diversified portfolio with Boston Merchant Financial or XM can safeguard your investments from significant downturns in any particular market. For instance, when one stock rises, others may follow suit.

Conversely, when the market takes a downturn, it can be disastrous for your investments. The most effective investment portfolios cover potential risks and encompass many businesses and stocks. When creating a diverse investment portfolio with brokers like Boston Merchant Financial or XM, it is recommended to have access to a variety of tradable assets, commodities, and securities on different trading platforms such as Boston Merchant Financial and XM.

Broker BFNM XM IC Markets
Instruments Available 100 1000 2250
Offers share dealing No No Yes
Number of Shares 37 160 2,100
Offers US Stocks Yes Yes Yes
Offers UK Stocks Yes Yes Yes
Offers German Stocks Yes Yes Yes
Offers Japanese Stocks Yes Yes Yes
Offers Indices Trading Yes Yes Yes
Number of Commodities 2 15 20
Offers Metals Commodities Yes Yes Yes
Offers Energy Commodities Yes Yes Yes
Offers Agricultural Commodities Yes No Yes
Offers Forex Trading Yes Yes Yes
Number of Forex Pairs 25 55 61
Offers Major Forex Pairs Yes Yes Yes
Offers Minor Forex Pairs No Yes Yes
Offers Exotic Forex Pairs No Yes Yes
Offers CFD Trading Yes Yes
Offers Social Trading No No Yes

Boston Merchant Financial Vs XM Cryptocurrency Trading

Since the creation of Bitcoin, the world of cryptocurrencies has been booming, including on trading platforms like Both Boston Merchant Financial and XM, and it's not difficult to see why. Cryptocurrencies have the potential to turn modest investments into millions, although this is a rare occurrence. This feat is hard to achieve compared to other financial instruments like stocks and shares. Both Boston Merchant Financial and XM offer some form of cryptocurrency trading.

Bitcoin is the most popular cryptocurrency, but thousands of altcoins could experience a similar rise. Altcoins follow the same trajectory as Bitcoin, similar to how stocks rise and fall with the market.

Investing in cryptocurrencies with Boston Merchant Financial or XM is considered a high-risk venture. The prices of cryptocurrencies can experience extreme highs and lows. If you choose to invest in cryptocurrencies, allocating only a fraction of your portfolio or trading budget to it is essential. Crypto trading with Boston Merchant Financial or XM could lead to one of the most exciting trades you've ever made, depending on the market. Please remember that cryptocurrency availability on Boston Merchant Financial, XM, and all brokers are subject to regulation.

We compare Boston Merchant Financial vs XM Crypto options below side by side.

Broker BFNM XM IC Markets
Allows Cryptocurrency Trading (availability subject to regulation) No No Yes
Cryptocurrencies Offered BTC, BCH, ETH, LTC, DASH, XRP, EOS, EMC, NMC, PPC

Boston Merchant Financial Vs XM Commission and Fees

knowing your trading and commission fees with Boston Merchant Financial vs XM is extremely important. For the majority of the Boston Merchant Financial 100 financial instruments and XM 1,000 available financial instruments .

The price you are being presented with will factor in the fee the broker takes. For example, if a financial asset is at 79.6. You might have to pay 79 to enter. Therefore, you will start with a small loss with Boston Merchant Financial and XM. The bigger the fee, the bigger the issue is. Most alarmingly, some financial assets charge you to hold on to the asset overnight or over the weekend. Some commodities and stocks you are using leverage on may have overnight charges. Please check your fees with Boston Merchant Financial and XM before you invest because you must know what you are paying.

You ideally want to choose a broker like Boston Merchant Financial or XM that does not charge too much for withdrawal fees. High trading fees and commissions must be taken into your profit loss calculations. The fees will be noticeable if you have a low budget and do not intend to invest so much with Boston Merchant Financial or XM. You want the withdrawal fee to be less than one per cent of what you are withdrawing but, more ideally, $5 to $10.

Your location or residence will have an impact on your potential Boston Merchant Financial and XM fees, of course. Make sure you do your research and check the commission and fees with both Boston Merchant Financial and XM before you invest anything.

Some brokers will charge inactivity fees. As the name suggests, this occurs when you have been inactive on your account for a certain period. Also, with Boston Merchant Financial or XM be aware of or 3rd party payment provider fees and currency conversion fees.

Boston Merchant Financial does not charge inactivity fees, while XM does charge inactivity fees.

Numerous notifications are usually sent to you as a reminder of dormant Boston Merchant Financial and XM accounts, giving you sufficient time to decide on the appropriate course of action. You can opt to continue using your Boston Merchant Financial or XM account, or choose to close it.

Usually, the associated fees for dormant Boston Merchant Financial or XM accounts are quite minimal, and there is no need to panic, particularly when the issue can be easily resolved. It's always advisable to keep track of your live Boston Merchant Financial or XM trading account activity to avoid any unnecessary fees or charges.

When you deposit money to a broker like Boston Merchant Financial or XM you might need to pay deposit fees. The lower, the better. Most preferably, you would have to pay Boston Merchant Financial or XM nothing for this. If this is the case, it can be a big problem. Constant deposit fees can potentially add up, so this will take some consideration before you sign up.

Let's see how Boston Merchant Financial vs XM compare side by side for commissions and fees.

Broker BFNM XM IC Markets
Min Deposit 50 5 200
Inactivity Fees No Yes No
Withdrawal Fees No No No
Deposit Fees No No Varies

Boston Merchant Financial Vs XM Trading Platforms

We live in an accessible world these days. Therefore, your trading platform has to consider this. The ability to trade with the click of a button is essential and allows you to make trading decisions on the Boston Merchant Financial and XM platforms when convenient. Without this, you cannot take advantage of every situation that may or may not occur in the financial markets.

Some brokers offer bespoke trading platforms, so if a particular broker does not offer the trading software you are looking for, their proprietary trading platform may be better. You must test this yourself with an Boston Merchant Financial or XM demo account.

Broker BFNM XM IC Markets
Offers MT4 Yes Yes Yes
Offers MT5 No Yes Yes
Offers cTrader No No Yes

Boston Merchant Financial Vs XM Mobile Trading

Trading on your mobile with Boston Merchant Financial and XM can be very useful. Why is this? Well, the stock market sees market movement every second. If you are not near your desktop computer, you will probably be near and have access to your phone and Boston Merchant Financial and XM mobile trading apps. This way, you can take advantage of all potential trading opportunities mobile trading with Boston Merchant Financial or XM. For example, a stock might move to an all-time low when you are out. In this instance, having access to mobile trading with Boston Merchant Financial or XM can help limit your risk and trade on the move.

If you own an iPhone, having an IOS Apple mobile trading app with Boston Merchant Financial or XM is essential. Likewise, if you have an android phone, it's crucial to verify if Boston Merchant Financial or XM broker provides an app compatible with Android devices. If you use Microsoft Windows tablets or phones, you must also check if Boston Merchant Financial and XM have trading apps compatible with your device.

Broker BFNM XM IC Markets
Web Platform Yes Yes Yes
IOS Trading App Yes Yes Yes
Android Trading App Yes Yes Yes
Microsoft Trading App Yes Yes Yes

Boston Merchant Financial Vs XM Trading Account Types Offered

Boston Merchant Financial Vs XM Demo Account

A demo account with Boston Merchant Financial or XM is extremely useful for people without trading experience. This way, you risk none of your money and test your trading skills in a safe environment. For people with next to no knowledge of trading, we recommend fully signing up with an Boston Merchant Financial and XM demo account.

Boston Merchant Financial Vs XM Micro Account

Micro accounts are trading accounts used by Forex traders that allow them to trade with smaller amounts of capital than standard trading accounts. Micro accounts require a smaller minimum deposit, usually ranging from $1 to $500, and offer smaller trade sizes than standard accounts, allowing traders to manage their risk more effectively.

If you need a micro account check if Boston Merchant Financial or XM offer micro trading accounts in your region.

Overall, micro accounts provide a flexible and cost-effective way for Forex traders to enter the market and gain valuable trading experience while minimizing risks. However, traders need to remember that Forex trading carries significant risks, and they should always approach trading with caution and sound risk management strategies.

Both Boston Merchant Financial and XM do offer Micro accounts.

Boston Merchant Financial Vs XM Standard Account

A standard account is available on Boston Merchant Financial and XM to more experienced traders. This account allows users to trade on stocks, commodities, crypto etc. To open one of these retail investor accounts, users must trade with at least $100. Standard trading accounts are what the majority of people will seek to use.

Both Boston Merchant Financial and XM do offer clients Standard accounts.

Boston Merchant Financial Vs XM MAM Account

A MAM (Multi-Account Manager) account is typically used by professional traders. It allows a trader to manage multiple individual trading accounts from a single master account, making it easier to execute trades and manage risk across multiple clients. MAM accounts can help streamline the trading process and improve efficiency for trader and their clients. If you need a MAM account check if MAM accounts are available with Boston Merchant Financial or XM or alternative.

Boston Merchant Financial and XM do not offer clients MAM accounts.

Boston Merchant Financial Vs XM ECN Account

The primary purpose of ECN accounts is to provide traders with faster execution speeds and better pricing by connecting them directly to the market. ECN accounts allow traders to exploit the tightest spreads and access the deepest liquidity pools.

ECN accounts are used for fast and efficient trading, with lower transaction costs and greater transparency. While they may not be suitable for all traders, those with the necessary experience and expertise can benefit greatly from using an ECN account.

If you need a ECN account check they are available with Boston Merchant Financial or XM or alternative.

Boston Merchant Financial and XM do not offer clients ECN accounts.

Boston Merchant Financial Vs XM Islamic Account

An Islamic account is for people who respect the Quran and want to invest in the Islamic stock market. Islamic trading accounts might seem very niche, but it is essential for those concerned as it follows certain ethics concerning the principles of Islam. They are also referred to as swap-free accounts.

If you need a Islamic account check they are available with Boston Merchant Financial or XM or alternative.

Both Boston Merchant Financial and XM do offer clients Islamic accounts.

Boston Merchant Financial Vs XM STP Account

Straight Through Processing or STP is where a requested client's trade orders are sent directly to the markets. STP brokers aim to reduce all conflicts of interest. STP is a non-dealing desk trading method aimed mainly at Forex traders.

If you need a STP account check they are available with Boston Merchant Financial or XM or alternative.

Boston Merchant Financial and XM do not offer clients STP accounts.

Boston Merchant Financial Vs XM Managed Account

A managed account is a type of investment account where a professional manager or investment firm is responsible for making investment decisions on behalf of the account owner. The account owner typically retains ownership of the underlying assets but delegates responsibility for managing those assets to the manager.

While some managed accounts require significant investment minimums to access the services of a professional manager, many brokers now offer variations of managed accounts that can be accessed with smaller investment amounts. It's important to note that the fees associated with managed accounts can vary widely depending on the level of service the manager provides and the investment strategy employed. Investors should carefully evaluate the costs and benefits of managed accounts before making an investment decision.

Boston Merchant Financial does offer clients Managed accounts, while XM does not offer clients Managed accounts.

Broker BFNM XM IC Markets
Offers Demo Accounts Yes Yes Yes
Offers Micro Accounts Yes Yes No
Offers Standard Accounts Yes Yes Yes
Offers MAM Accounts No No Yes
Offers ECN Accounts No No No
Offers Islamic Accounts Yes Yes Yes
Offers STP Accounts Yes No No
Offers Managed Accounts Yes No No

Boston Merchant Financial Vs XM Withdrawal and Funding Methods

Boston Merchant Financial and XM have multiple deposit and withdrawal options. Funding and withdrawing from your Boston Merchant Financial and XM accounts to your chosen payment method should be straightforward. Lets see how Boston Merchant Financial and XM compare with each other. Be aware that depending on your payment method, there may be additional processing fees from your payment provider or bank for processing and converting your funds. Not all potential fees will come from Boston Merchant Financial or XM.

Broker BFNM XM IC Markets
Payment Methods Credit cards, Bank Transfer, American Express, Neteller, Skrill, Credit cards, Debit cards, Bank Transfer, Electronic wallets (eWallets), Moneta, ABAQOOS, PRZELEWY24, Neteller, PerfectMoney, WebMoney, UnionPay, FasaPay, CashU, Payza, QIWI, SOFORT, Giropay, Payoneer, Skrill, Credit cards, Debit Cards, PayPal, Wire Transfer, Neteller, Neteller VIP, Skrill, UnionPay, Bpay, FasaPay, Broker to Broker, POLI, Thai Internet Banking, RapidPay, Klarna, Vietnamese Internet Banking, Online Digital Wallets, USDT (Tether),

Boston Merchant Financial Vs XM Customer Support Compared

Customer support is essential when trading. Even professional traders will eventually need the help of Boston Merchant Financial or XM support. Customer support is especially important for traders starting with little knowledge. If you are starting out, you will want to ensure the Boston Merchant Financial and XM support is always available when needed. Boston Merchant Financial and XM customer support is not just useful. broker customer support is crucial to your trading success!

Boston Merchant Financial Vs XM Live Chat

Live chat is important for several reasons. When you encounter a problem with Boston Merchant Financial or XM trading platforms, it is nice to know that the problem has the potential to be sorted out then and there. Also, speaking to someone live is much less frustrating than speaking to someone through several emails.

Both Boston Merchant Financial and XM offer livechat support.

Boston Merchant Financial Vs XM Email Support

When trading CFDs, stocks, commodities, currencies, cryptocurrencies or any other financial instruments with either Boston Merchant Financial or XM you will find Email support is also very useful. Sometimes you might have a more complex question requiring a specific part of the Boston Merchant Financial or XM support team to answer satisfactorily. Email support with Boston Merchant Financial and XM will be needed.

Both Boston Merchant Financial and XM offer email support.

Boston Merchant Financial Vs XM Phone Support

Although most queries can be resolved with the need of a phone call, it is nice when we can explain ourselves with a live human being at either Boston Merchant Financial or XM. We can get straight to the point, saving us time and frustration.

Both Boston Merchant Financial and XM offer phone support.

Lets see how Boston Merchant Financial and XM customer support compare side by side.

Broker BFNM XM IC Markets
Offers Live Chat Yes Yes Yes
Languages English, Russian, Chinese, Arabic, Spanish Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
Support Email [email protected] [email protected] [email protected]
Phone 1 514 667 8470 357 25029933 No

Boston Merchant Financial Vs XM Regulation and Licensing

Never trade on a market that is not sufficiently regulated. Only submit your bank card information or invest money on financially regulated websites. It would help if you made sure with certainty that your money is held with a regulated brokerage. Checking whether Boston Merchant Financial and XM are regulated is not a hard task. The more reputable and mainstream brokers will proudly display their regulation certificates on their site, and if you cannot see that Boston Merchant Financial or XM have these in place, please be extremely cautious before you proceed with them.

We compare Boston Merchant Financial Vs XM financial regulation and licensing side by side below.

Broker BFNM XM IC Markets
FCA Regulation No No No
CySEC Regulation No Yes Yes
MiFID Regulation No No No
ASIC Regulation Yes Yes Yes
FSCA Regulation No No No
DFSA Regulation No No No
MAS Regulation No No No

Boston Merchant Financial Vs XM Risk Management Features

When trading with either Boston Merchant Financial or XM you will want to understand and make full use of all the risk management features on your Boston Merchant Financial or XM trading platforms.

We compare side by side the trading risk management features offered by Boston Merchant Financial and XM below.

Boston Merchant Financial Vs XM Hedging

What is hedging? Have you ever heard of the expression 'to hedge ones bets'? Hedging means not speculating solely on the outcome of one event, as holding all your assets in one place could be risky. Hedging in finance means being able to trade to protect yourself from huge risks by limiting risk using diversification. Hedging can be done, for example, by speculating on a stock to rise and against it to rise by using different amounts or different amounts of leverage.

Both Boston Merchant Financial and XM do offer clients hedging.

Boston Merchant Financial Vs XM Stop Loss

Stop loss orders are very useful for more volatile investments, especially when speculating on a stock or Forex currency pair. In a normal trade, you cannot lose more than what you invested, but this is not the case when you are using leverage. Under these terms, it is always good to set a stop loss to protect yourself from any vicious results.

Both Boston Merchant Financial and XM do offer clients stop losses. Stop Loss and Take Profit are not guaranteed on Boston Merchant Financial or XM. You must still monitor any live trades and your financial exposure and financial risk.

Boston Merchant Financial Vs XM Limit Orders

Every broker should allow users to place a limit order. Limit orders are when you have the order to buy a financial instrument at a specific price. Your trade will be executed when the financial asset hits a set price. Limit orders are extremely useful as they allow you to buy stock at a better price! It would be very time-consuming to wait for a stock to fall to a price you would ultimately be satisfied by. Therefore, you can already imagine what helping limit orders can be in your trading career.

Both Boston Merchant Financial and XM do offer clients limit orders.

Boston Merchant Financial Vs XM Negative Balance Protection

Negative balance protection is there to protect its customers. Customers need protection as trading can be volatile, and not everybody who invests knows the full consequences of their trade.

Negative balance protection works like this: Say you invest $50, but your trade can lose $125 because you have used leverage. You will need $125 available in your account to do this trade. Negative balance protection is essential, as it would be unfortunate if you received an unexpected bill from a broker one day.

Boston Merchant Financial does not offer clients negative balance protection, while XM does offer clients negative balance protection.

Broker BFNM XM IC Markets
Offers Hedging Yes Yes Yes
Negative Balance Protection No Yes Yes
Guaranteed Stop Loss Yes No No
Offers Limit Orders Yes Yes Yes
Offers Trailing Stops Yes Yes Yes

Boston Merchant Financial Vs XM Verdict

We hope this Boston Merchant Financial Vs XM guide has helped you decide who is best to trade with out of Boston Merchant Financial and XM.

When choosing a broker like Boston Merchant Financial or XM for trading, it's important to ensure your money is held in a segregated bank account. Your live trading funds with Boston Merchant Financial or XM are kept separate from the broker's funds and can be returned to you if the broker faces financial difficulties or insolvency when signing up with brokers such as Boston Merchant Financial or XM, it's crucial to verify that they offer this safeguard. By doing so, you can have greater peace of mind and confidence in the safety of your funds as you engage in trading activities with Boston Merchant Financial or XM.

Also, before you sign up with online brokers like Boston Merchant Financial or XM, make sure you know what you are doing. Simple advice, we admit, but we know from experience how many people decide to start trading and then ask questions later. Please know what you are doing with Boston Merchant Financial or XM before investing money into something.

Beware of the risks that come with trading with Boston Merchant Financial or XM. The financial markets can be volatile, and investments can go down and up. Educate yourself, and use all Boston Merchant Financial and XM educational resources and financial research tools. If you are new to trading, sign up for a demo account with Boston Merchant Financial and XM to find which suits you and your trading style.

Some of you might be thinking about what we mean when we say 'trading style'. Here are a few examples. A day trader using Boston Merchant Financial or XM will look to open positions and close them on the same day. Day trading in this way will require a broker that specialises in this. To do this with some brokers would be a bad idea because of the commission and fees involved. Check if Boston Merchant Financial and XM fees match your trading requirements.

Alternatively, you could be on the end of this scale and decide to wait years before you close your investments with Boston Merchant Financial or XM if your investment strategy is more long-term.

Boston Merchant Financial and XM Alternatives

If Boston Merchant Financial and XM are not what you are not quite what you are looking for we list some of the best Boston Merchant Financial and XM alternatives below.

Other Boston Merchant Financial and XM Vs Comparisons

If you are still looking for an alternative to Boston Merchant Financial and XM and want to see how Boston Merchant Financial or XM compares Vs other brokers check out the Boston Merchant Financial Vs and XM Vs list below.

Boston Merchant Financial Vs Alternatives

Still not happy have a look at some of our alternative Boston Merchant Financial Vs side by side comparisons below

XM Vs Alternatives

Still not happy have a look at some of our alternative Boston Merchant Financial Vs side by side comparisons below

Boston Merchant Financial Vs XM Frequently Asked Questions

We answer some of the most frequently asked Boston Merchant Financial Vs XM questions below.

Is Boston Merchant Financial any Good?

Knowing that a broker is legit is the first thing you should check before signing up with a broker. Is Boston Merchant Financial legit? - Boston Merchant Financial are regulated by Australian Securities and Investments Commission (ASIC) and have been in business since 1988

Is XM any Good?

XM are regulated by Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) and have been in business since 2009.

Which is better Boston Merchant Financial or XM?

Boston Merchant Financial does not have a high rating, while XM does not have a high rating.

Is Boston Merchant Financial a con?

Boston Merchant Financial is regulated by Australian Securities and Investments Commission (ASIC) and have been in business since 1988. We recommend looking at a Boston Merchant Financial alternative that has more financial regulation.

Is XM a con?

XM is regulated by Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) and have been in business since 2009. XM is most definitely not a con as they are regulated by major financial regulators.

What happens if Boston Merchant Financial or XM go bust?

Boston Merchant Financial and XM are regulated, which means that as part of their regulatory obligations Boston Merchant Financial and XM have to offer a certain level of financial protection to their clients. Boston Merchant Financial and XM should by law keep client funds separate from Boston Merchant Financial and XM funds. If either Boston Merchant Financial or XM goes bankrupt, they should not have access to your money. Customer accounts should be segregated. A financial services compensation scheme differs from country to country, so check this on the Boston Merchant Financial and XM websites and regulators.

Are Boston Merchant Financial or XM good for beginners?

Boston Merchant Financial and XM offer low deposits and access to a selection of market insights and news resources. Both Boston Merchant Financial and XM offer demo accounts. Demo trading accounts are a big plus for Boston Merchant Financial and XM as it shows they are interested in their customers.


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Losses can exceed deposits