AxiTrader vs Boston Merchant Financial, Who's The Best?
Read our In-Depth AxiTrader vs Boston Merchant Financial Review - 2024 Update
Our review comparing AxiTrader and Boston Merchant Financial has been refreshed for 2024 from knowledgeable insiders with extensive expertise in Social Trading, Forex, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of AxiTrader vs Boston Merchant Financial does not apply to all countries as follows:
AxiTrader Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Boston Merchant Financial Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare AxiTrader vs Boston Merchant Financial
All platforms for online trading feature certain advantages and disadvantages, so any comprehensive analysis of AxiTrader vs Boston Merchant Financial should not be regarded as thorough without having a balanced approach.
Assess Boston Merchant Financial and AxiTrader to get a better understanding of just how these platforms line up with each prior to you decide to open an account. A comprehensive comparison can bring aspects in perspective so that you're informed about the expectations.
So you are looking for a reputable broker and are choosing between AxiTrader or Boston Merchant Financial. Which one is best in 2024?
Our AxiTrader vs Boston Merchant Financial comparison contains the most recent information so you can easily compare Boston Merchant Financial against AxiTrader.
If you are a new entrant in the world of trading and brokers, so many nuances will be confusing for you. Getting into the world of trading demands expert assessing skills and thorough knowledge. You'll acquire proficient at all the concepts of brokerage as you keep trading. For starters, you need to choose the right agent who'll be transparent with you always.
Within this fast-paced universe of stock markets and trading, you will need guidance to make correct decisions. A professionally direct investment plan has the potential to create hefty returns. AxiTrader and Boston Merchant Financial are just two such stages that will take you and your investment to great heights. It is important to compare AxiTrader vs Boston Merchant Financial until you trust them with your cash.
Our AxiTrader vs Boston Merchant Financial comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust AxiTrader and Boston Merchant Financial side by side.
Our full AxiTrader vs Boston Merchant Financial Review covers all you will need to know about trading with either AxiTrader or Boston Merchant Financial. A fantastic agent can multiply your first investments and give you favorable profits. If you would like to make profits, you must trade with a brokerage service that aligns with your investing goals.
There is no sure-fire way to guarantee profits; thus, you should carefully assess your agent before you select them. It is a common misconception that all brokers will be the same, but that is not true. Wrong judgment, in the beginning, can put your investments in danger.
AxiTrader and Boston Merchant Financial are both brokers that have paved their way successfully into the broker world. In this review, we have attempted to collate a number of the vital facets of both AxiTrader and Boston Merchant Financial. This review can help you to know whether either Boston Merchant Financial or AxiTrader is a fantastic match for your own investments or not. We've attempted to breakdown all the features and charges for your convenience.
Benefits of AxiTrader and Boston Merchant Financial Compared
AxiTrader offers a minimum deposit of $0 while Boston Merchant Financial offers a $50 minimum deposit.
Why smaller minimum deposits are good and how AxiTrader and Boston Merchant Financial compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
AxiTrader allows you to trade around 100 financial instruments while Boston Merchant Financial has around 100 financial instruments on their platform.
The more instruments you can trade on the AxiTrader and Boston Merchant Financial platforms the better. 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 never want to miss out on a trading opportunity due to the limitations of AxiTrader or Boston Merchant Financial.
AxiTrader and Boston Merchant Financial Contact Details
Being able to contact a broker through many ways is important. AxiTrader and Boston Merchant Financial have the following contact details and social medias that you can use.
Broker | AxiTrader | Boston Merchant Financial |
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Telephone Number | +61 2 9965 5830 | |
service@axi.com | ||
Address | 36 - 38 Leadenhall St, London, Greater London EC3A 1AT | |
AxiTrader Twitter Account | Boston Merchant Financial Twitter Account | |
AxiTrader Facebook Page | Boston Merchant Financial Facebook Page | |
AxiTrader Instagram Account | Boston Merchant Financial Instagram Account | |
AxiTrader LinkedIn Page | Boston Merchant Financial LinkedIn Page | |
YouTube | AxiTrader YouTube Channel | Boston Merchant Financial YouTube Channel |
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Boston Merchant Financial and AxiTrader Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
This part of comparing AxiTrader and Boston Merchant Financial will examine whether their mobile app meets all our requirements.
We rate overall the user-friendliness of the apps as Better than the average.
It is important that any trading app has user friendly capabilities especially with the
Search Functions
While most brokers are good at this, there are some poor ones. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?
AxiTrader vs Boston Merchant Financial - Awards
Broker | AxiTrader | Boston Merchant Financial |
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Awards |
AxiTrader have won a lot of industry awards over the time they have been operating as a financial broker. We list the most notable awards for AxiTrader below.
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At the time of writing this Boston Merchant Financial review, and despite Boston Merchant Financial’s impressive offering, the company has surprisingly not garnered any awards to date. |
Find Out More |
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AxiTrader vs Boston Merchant Financial - Frequently Asked Questions
AxiTrader vs Boston Merchant Financial - Headquarters And Year Of Founding
AxiTrader was founded in 2007 and has its headquaters in Australia.
Boston Merchant Financial was founded in 1988 and has its headquaters in Dubai.
What is the minimum deposit for Boston Merchant Financial or AxiTrader
The minimum deposit for AxiTrader is $0.
The minimum deposit for Boston Merchant Financial is $50.
Depending on your current situation, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both AxiTrader and Boston Merchant Financial are a good option.
AxiTrader vs Boston Merchant Financial - Regulation And Licencing In More Detail
AxiTrader is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA).
Boston Merchant Financial is regulated by Australian Securities and Investment Commission (ASIC).
Both AxiTrader and Boston Merchant Financial have a powerful set of rules for ensuring honest trading onto their platforms. For data encryption functions, they supply industry-standard secure socket layers (SSL).
As per their privacy regulations, client data is never to be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare AxiTrader vs Boston Merchant Financial Commission And Fees
AxiTrader and Boston Merchant Financial are online broker platforms, and most online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the businesses of online trading platforms are scaled much better. That is, an online broker isn't necessarily influenced by the number of customers they have.
However, this doesn't mean that online brokers do not charge any fees. They charge prices of varying rates for various services to earn money. There are primarily three different types of penalties for this purpose.
The first sort of charges to keep an eye out for are trading fees. When you make a genuine trade, like purchasing a stock or an ETF, you are charged trading fees. In such cases, you're paying a spread, financing rate, or a commission. The sorts of trading fees and the prices vary from broker to broker.
Commissions could be fixed or determined by the traded volume. On the flip side, a spread denotes the difference between the buying and selling cost. Funding or overnight rates are those who are charged when you hold a leveraged position for longer than a day.
Aside from trading fees, online brokers also bill non-trading fees. These are dependent on the activities you undertake in your accounts. They're billed for surgeries like depositing money, not investing for long periods, or withdrawals.
Generally, neither AxiTrader or Boston Merchant Financial charge high fees compared to other online agents. For operations other brokers fee for, they either do not charge a broker fee, or they charge a smaller sum. This is beneficial for people who often trade, such as daily or weekly trading.
However, non-trading fees charged by AxiTrader and Boston Merchant Financial are relatively lower. Consequently, you are billed more for non-trading activities in your trading accounts, such as withdrawal and deposits. These aren't related to the purchase and sale of resources.
This AxiTrader vs Boston Merchant Financial review for 2024 breaks down each of the relevant non-trading fees for you in detail.
Compare Broker Fees For AxiTrader And Boston Merchant Financial
What Languages Do AxiTrader And Boston Merchant Financial Support?
Being able to chat completely with your trading platform is a key way of comparing brokers to find your perfect broker. Not only for support but to be sure you completely understand everything on their website and inside their app as it is a key part of success when trading online.
Below you will find all the languages that both AxiTrader and Boston Merchant Financial support.
How Many Clients Do AxiTrader and Boston Merchant Financial Have?
Both AxiTrader and Boston Merchant Financial are well established with their customer base. It is important to work with an online broker you can trust and one of the most simple ways of establishing this is by knowing how many customers are using their services.
Below you will find details of how many clients AxiTrader and Boston Merchant Financial have
What Payment Methods Do AxiTrader and Boston Merchant Financial Accept?
AxiTrader and Boston Merchant Financial both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at AxiTrader and Boston Merchant Financial
What Can You Trade With AxiTrader and Boston Merchant Financial?
AxiTrader offers 100 trading instruments and Boston Merchant Financial offers 100.
Below you will find a full breakdown of what both AxiTrader and Boston Merchant Financial offer.
AxiTrader Review
AxiTrader vs Boston Merchant Financial:
Table Of Contents
- Compare AxiTrader vs Boston Merchant Financial
- Benefits of AxiTrader and Boston Merchant Financial Compared
- Boston Merchant Financial and AxiTrader Mobile App Comparison
- AxiTrader vs Boston Merchant Financial - Awards
- AxiTrader vs Boston Merchant Financial - Frequently Asked Questions
- What is the minimum deposit for Boston Merchant Financial or AxiTrader
- AxiTrader vs Boston Merchant Financial - Regulation And Licencing In More Detail
- Compare Broker Fees For AxiTrader And Boston Merchant Financial
- What Languages Do AxiTrader And Boston Merchant Financial Support?
- How Many Clients Do AxiTrader and Boston Merchant Financial Have?
- What Payment Methods Do AxiTrader and Boston Merchant Financial Accept?
- What Can You Trade With AxiTrader and Boston Merchant Financial?