Boston Merchant Financial Review

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Boston Merchant Financial is a well-established broker since 1988. Boston Merchant Financial has headquarters in Australia, Bulgaria, China, Egypt, Kuwait, Russian Federation, United Arab Emirates and United Kingdom. They are generally well-suited for Boston Merchant Financial to provide their Forex/CFD trading services to global clients.


This broker has also been regulated by ASIC 379035, FCA (UK) 563348, FFMS 1220, FSC (Bulgaria) RG-03-220 and FSP (New Zealand) FSP328066. Simple yet detailed information upon this broker can be seen below.


Company Information

Website
bmfn.com

Established
1988

Country
Australia, Bulgaria, China, Egypt, Kuwait, Russian Federation, United Arab Emirates and United Kingdom

Regulation
ASIC 379035
FCA (UK), 563348
FFMS, 1220
FSC (Bulgaria), RG-03-220
FSP (New Zealand), FSP328066

Features

Bonus offers

Trading contests

Free education

Personal manager

Trading by telephone

LAMM accounts

MAM accounts

Managed accounts

Affiliate program

Islamic accounts available

Vps



Account Information

Apart from the forex demo account, this broker offers UNITRADER, MT CFD, MT FX and MT DMA. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by Boston Merchant Financial is up to 1:400. Meanwhile, you can open an account with a starting capital of $50

If you want to look for further information about this broker's offered account(s), please take a look at the list below.


Minimum Deposit

$50

Maximum Leverage

1:400

Spread

Variable


Minimum Deposit $50

Minimum Position 0.01 lot

Spread Variable

Scalping

Expert Advisors

Hedging

Trailing stop

Pending orders

One-Cancels-Other (OCO) orders

Instruments Traded

Besides lots of currency pair, Boston Merchant Financial also offers some instruments you would like to trade on, such as Forex, Gold & silver, Oil, Stocks, Indexes, Energies and ETF for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.


Forex
1:400

Gold & silver
1:33

Indexes
1:33

Energies
1:33


Minimum Deposit $50

Minimum Position 0.01 lot

Spread Variable

Scalping

Expert Advisors

Hedging

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Instruments Traded

Besides lots of currency pair, Boston Merchant Financial also offers some instruments you would like to trade on, such as Forex, Gold & silver, Oil, Indexes and Metals for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.


Forex
1:400

Gold & silver
1:33

Indexes
1:33

Metals
1:33


Minimum Deposit $50

Minimum Position 0.01 lot

Spread Variable

Scalping

Expert Advisors

Hedging

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Instruments Traded

Besides lots of currency pair, Boston Merchant Financial also offers some instruments you would like to trade on, such as Forex, Gold & silver, Oil and Energies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.


Forex
1:400

Gold & silver
1:33

Energies
1:33


Minimum Deposit $50

Minimum Position 0.01 lot

Spread Variable

Scalping

Expert Advisors

Hedging

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Instruments Traded

Besides lots of currency pair, Boston Merchant Financial also offers some instruments you would like to trade on, such as Forex, Gold & silver, Oil and Metals for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.


Forex
1:400

Gold & silver
1:33

Metals
1:33

Payment Methods

CashU : If you live in the Middle East, CashU is one of the most popular online payment services there. CashU is a digital wallet that allows clients to pay or transfer money online instantly and offer users its own pre-paid MasterCard with no absolutely additional fees attached. Introduced in July 2002, CashU has targeted the Middle East and North African markets where it serves close to 2.3 million customers. This is the reason why many of the forex brokers that are expanding in the North African and Middle East market accept CashU as one of their payment methods.

Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.

Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.

Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.

Boston Merchant Financial also provides payment with Credit/debit cards and UnionPay



Trading Platforms

Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.

Hereby, Boston Merchant Financial offers you MetaTrader 4 and UniTrader.

Customer Support

Do you have any question or find any trouble related to Boston Merchant Financial? If you do, you should reach Boston Merchant Financial's support to get the information that you need. Here is the detail of the broker's customer support:

Website Languages

Arabic
Chinese
English
Spanish
Vietnamese

Office
Support

Email
Support

Call
Support

Chat
Support



FAQ About Boston Merchant Financial

Is Boston Merchant Financial a good broker?

A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if Boston Merchant Financial is a good broker for you or not by reviewing the criteria. In general, Boston Merchant Financial provides trading service in Forex , Gold & silver , Oil , Stocks , Indexes , Energies , ETF and Metals . As for the payment methods, you can choose between CashU, Credit/debit cards, Neteller, Skrill, UnionPay and Wire transfer. The customer support is available via Callback, Email, Live chat, Office, Phone and Web form.


What is the minimum deposit for Boston Merchant Financial?

The starting capital in Boston Merchant Financial is $50.


Is Boston Merchant Financial regulated?

Boston Merchant Financial is regulated by ASIC 379035, FCA (UK) 563348, FFMS 1220, FSC (Bulgaria) RG-03-220 and FSP (New Zealand) FSP328066. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.


Is Boston Merchant Financial legit?

Boston Merchant Financial is a brokerage company offering trading services for clients since 1988 with offices in Australia, Bulgaria, China, Egypt, Kuwait, Russian Federation, United Arab Emirates and United Kingdom.


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