Boston Merchant Financial vs XM, Who's Better?
Read our In-Depth Boston Merchant Financial vs XM Review - 2024 Update
This review comparing Boston Merchant Financial and XM has been refreshed to reflect any changes for 2024 by seasoned professionals boasting considerable expertise across CFDs, Forex, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of Boston Merchant Financial vs XM does not apply to all countries as follows:
Boston Merchant Financial Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
XM Excluded Countries
Canada, Israel, and United States of America.
Compare Boston Merchant Financial vs XM
Each online trading platforms feature certain ups and downs, so a complete review of Boston Merchant Financial and XM should not be regarded as thorough without embracing an objective perspective.
Assess XM and Boston Merchant Financial to get a better understanding of just how these platforms stack up with each other before you decide to open an account. Performing a side-by-side comparison helps to bring aspects in perspective in order that you're aware of the expectations.
So you are looking for a broker and are choosing between Boston Merchant Financial or XM. Which one is best in 2024?
Our Boston Merchant Financial vs XM comparison contains the latest information so you can easily compare XM against Boston Merchant Financial.
If you are a new entrant in the realm of trading and brokers, so many facts will be perplexing for you. Getting into the world of trading demands expert analyzing skills and thorough understanding. You'll acquire proficient at all of the concepts of brokerage as you continue trading. For starters, you have to choose the right broker who'll be transparent with you always.
In this fast-paced world of stock markets and trading, you'll need advice to make correct decisions. A professionally lead investment program has the potential to create hefty returns. Boston Merchant Financial and XM are just two such platforms that will take you and your investment to great heights. It is crucial to compare Boston Merchant Financial vs XM until you trust them with your money.
Our Boston Merchant Financial vs XM comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust Boston Merchant Financial and XM side by side.
Our full Boston Merchant Financial vs XM Review covers everything you need to know about trading using either Boston Merchant Financial or XM. A fantastic agent can multiply your initial investments and give you positive profits. If you want to earn profits, you should trade with a broker service that contrasts with your investment objectives.
There is no sure-fire method to ensure profits; therefore, you must carefully assess your broker before you choose them. It's a frequent misconception that all agents will be exactly the same, but that is not true. Wrong judgment, in the beginning, can set your investments in danger.
Boston Merchant Financial and XM are both brokers that have paved their way successfully to the brokerage world. Within this review, we've tried to collate some of the important facets of both Boston Merchant Financial and XM. This review will allow you to understand whether either XM or Boston Merchant Financial is a fantastic fit for your investments or not. We have attempted to breakdown all of the qualities and charges for your advantage.
Benefits of Boston Merchant Financial and XM Compared
Boston Merchant Financial offers a minimum deposit of $50 while XM has a $5 minimum deposit.
Why smaller minimum deposits are good and how Boston Merchant Financial and XM 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.
Boston Merchant Financial allows you to trade around 100 financial instruments whilst XM allows you to trade around 100 financial instruments on their platform.
The more instruments you can trade on the Boston Merchant Financial and XM 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 should never want to miss out on a trading opportunity due to the limitations of Boston Merchant Financial or XM.
Boston Merchant Financial and XM Contact Details
Being able to contact your broker through many ways is vital. Boston Merchant Financial and XM have the following contact details and social medias that you can use.
Broker | Boston Merchant Financial | XM |
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Telephone Number | +357 250 29933 | |
support@xm.com | ||
Address | 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus | |
Boston Merchant Financial Twitter Account | XM Twitter Account | |
Boston Merchant Financial Facebook Page | XM Facebook Page | |
Boston Merchant Financial Instagram Account | XM Instagram Account | |
Boston Merchant Financial LinkedIn Page | XM LinkedIn Page | |
YouTube | Boston Merchant Financial YouTube Channel | XM YouTube Channel |
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XM and Boston Merchant Financial 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.
In this part of our comparison of Boston Merchant Financial and XM we'll check whether either of their mobile apps tick all the boxes.
Overall, we rate the user-friendliness of the apps as better than average.
It is important that any trading app has user friendly capabilities especially with the
Search Functions
Although most brokers do OK in this area, there are some bad apples out there. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin 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?
Boston Merchant Financial vs XM - Awards
Broker | Boston Merchant Financial | XM |
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Awards | 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. |
XM have won numerous industry awards over the years they have been operating as a financial broker. We show the most notable awards for XM here.
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Boston Merchant Financial vs XM - Frequently Asked Questions
Boston Merchant Financial vs XM - Headquarters And Year Of Founding
Boston Merchant Financial was founded in 1988 and has its head office in Dubai.
XM was founded in 2009 and has its headquaters in Cyprus.
What is the minimum deposit for XM or Boston Merchant Financial
The minimum deposit for Boston Merchant Financial is $50.
The minimum deposit for XM is $5.
Depending on your circumstances, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both Boston Merchant Financial and XM are a good option.
Boston Merchant Financial vs XM - Regulation And Licencing In More Detail
Boston Merchant Financial is regulated by Australian Securities and Investment Commission (ASIC).
XM is regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).
Both Boston Merchant Financial and XM have a powerful collection of rules for ensuring honest trading on their platforms. For information encryption functions, they supply industry-standard secure socket layers (SSL).
As per their individual privacy regulations, customer information is to not be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare Boston Merchant Financial vs XM Commission And Fees
Boston Merchant Financial and XM are online brokerage platforms, and many online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the businesses of online trading platforms are scaled much better. In other words, an online broker isn't necessarily influenced by the amount of customers they have.
But this does not necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for various services to make money. There are mainly three different types of fees for this purpose.
The first sort of charges to keep an eye out for are trading fees. Whenever you make an actual trade, like purchasing a stock or an ETF, you're billed trading fees. In such instances, you're spending a spread, funding rate, or a commission. The sorts of trading fees and the prices vary from broker to broker.
Commissions can be fixed or determined by the traded volume. On the other hand, a spread refers to the difference between the buying and selling cost. Funding or overnight rates are people who are billed when you maintain a leveraged position for more than a day.
Apart from trading fees, online brokers also charge non-trading fees. These are determined by the actions you undertake on your account. They're billed for surgeries like depositing cash, not trading for long periods, or withdrawals.
Generally, neither Boston Merchant Financial or XM charge high fees compared to other online brokers. For operations other brokers fee for, they do not charge a broker fee, or they charge a lesser amount. This can be beneficial for those who often exchange, for example daily or weekly trading.
But, non-trading fees charged by Boston Merchant Financial and XM are relatively higher. As a result, you're billed more for non-trading activities in your trading accounts, such as withdrawal and deposits. These are not related to the sale and purchase of assets.
This Boston Merchant Financial vs XM review for 2024 breaks down every one of the relevant non-trading fees for you in detail.
Compare Broker Fees For Boston Merchant Financial And XM
What Languages Do Boston Merchant Financial And XM Support?
Being able to talk completely with your trading platform is a key part of comparing brokers to find the best trading partner. Not only for support but to ensure you understand everything on their website and inside their app as it is a key factor to success when trading online.
Here you can find the languages that both Boston Merchant Financial and XM support.
How Many Clients Do Boston Merchant Financial and XM Have?
Both Boston Merchant Financial and XM are well established with their customer base. It is really important to work with a broker that is professional and one of the easiest ways of establishing this is by knowing how many customers are using their services.
Below you will find details of how many customers Boston Merchant Financial and XM are active on their platform
Broker | Boston Merchant Financial | XM |
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Clients / Users | 10,000+ | 3,500,000+ |
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What Payment Methods Do Boston Merchant Financial and XM Accept?
Boston Merchant Financial and XM 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 Boston Merchant Financial and XM
What Can You Trade With Boston Merchant Financial and XM?
Boston Merchant Financial offers 100 trading instruments whilst XM offers 100.
Below you will find a full breakdown of what both Boston Merchant Financial and XM offer.
Boston Merchant Financial Review
Boston Merchant Financial vs XM:
Table Of Contents
- Compare Boston Merchant Financial vs XM
- Benefits of Boston Merchant Financial and XM Compared
- XM and Boston Merchant Financial Mobile App Comparison
- Boston Merchant Financial vs XM - Awards
- Boston Merchant Financial vs XM - Frequently Asked Questions
- What is the minimum deposit for XM or Boston Merchant Financial
- Boston Merchant Financial vs XM - Regulation And Licencing In More Detail
- Compare Broker Fees For Boston Merchant Financial And XM
- What Languages Do Boston Merchant Financial And XM Support?
- How Many Clients Do Boston Merchant Financial and XM Have?
- What Payment Methods Do Boston Merchant Financial and XM Accept?
- What Can You Trade With Boston Merchant Financial and XM?