IC Markets vs Boston Merchant Financial, Who's Better?

Compare IC Markets vs Boston Merchant Financial

Every trading platforms has certain pros and cons, and a complete IC Markets and Boston Merchant Financial review would not be regarded as thorough without embracing an objective perspective.

Examine Boston Merchant Financial and IC Markets to understand just how they stack up with each other prior to you choose to open an account. Performing a comparative analysis can place factors into perspective so that you are cognizant of the expectations.

So you are looking for a professional broker and are choosing between IC Markets or Boston Merchant Financial. Which one is best in 2023?

This IC Markets vs Boston Merchant Financial comparison contains the most recent information so you can easily compare Boston Merchant Financial against IC Markets.

If you're a new entrant in the world of trading and brokers, so many nuances will be perplexing for you. Getting into the world of trading requires expert assessing skills and thorough knowledge. You'll acquire proficient at all the concepts of broker since you continue trading. For starters, you need to select the ideal broker who will be clear with you always.

Within this fast-paced world of stock markets and trading, you will need advice to make correct decisions. A professionally lead investment program has the potential to generate hefty returns. IC Markets and Boston Merchant Financial are two such companies that will take you along with your investment to great heights. It is important that you compare IC Markets vs Boston Merchant Financial until you trust them with your money.

Our IC Markets vs Boston Merchant Financial comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and Boston Merchant Financial side by side.

Our entire IC Markets vs Boston Merchant Financial Review covers all you need to learn about trading with either IC Markets or Boston Merchant Financial. A fantastic agent can multiply your initial investments and give you positive profits. If you would like to earn profits, you should trade with a brokerage service that contrasts with your investment objectives.

There is no sure-fire method to ensure profits; thus, you must carefully assess your broker before you choose them. It is a frequent misconception that all brokers will be the same, but that's not true. Wrong judgment, initially, can set your investments in danger.

IC Markets and Boston Merchant Financial are both brokers which have paved their way successfully to the brokerage world. In this review, we have tried to collate a number of the vital aspects of both IC Markets and Boston Merchant Financial. This review will allow you to understand whether either Boston Merchant Financial or IC Markets is a fantastic fit for your investments or not. We have attempted to breakdown all the qualities and charges for your convenience.

Benefits of IC Markets and Boston Merchant Financial Compared

IC Markets offers a minimum deposit of $200 while Boston Merchant Financial has a $50 minimum deposit.

Why smaller minimum deposits are good and how IC Markets 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.

IC Markets allows you to trade around 232 financial instruments while Boston Merchant Financial has around 232 on their platform.

The more instruments you can trade on the IC Markets 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 should never want to miss out on a trading opportunity due to the limitations of IC Markets or Boston Merchant Financial.

IC Markets and Boston Merchant Financial Contact Details

Being able to contact your broker easily is a sign of a professional broker. IC Markets and Boston Merchant Financial have the following contact details and social medias that you can use.

Boston Merchant Financial and IC Markets Mobile App Comparison

It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.

In this part of our comparison of IC Markets and Boston Merchant Financial we'll check whether either of their mobile apps tick all the boxes.

We rate overall 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. 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 only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?

IC Markets vs Boston Merchant Financial - Awards

IC Markets vs Boston Merchant Financial - Frequently Asked Questions

IC Markets vs Boston Merchant Financial - Headquarters And Year Of Founding

IC Markets was founded in 2007 and has its head office in Australia.

Boston Merchant Financial was founded in 1988 and has its head office in Dubai.

What is the minimum deposit for Boston Merchant Financial or IC Markets

The minimum deposit for IC Markets is $200.

The minimum deposit for Boston Merchant Financial is $50.

Depending on your needs, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both IC Markets and Boston Merchant Financial are a good option.

IC Markets vs Boston Merchant Financial - Regulation And Licencing In More Detail

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

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

Both IC Markets and Boston Merchant Financial have a powerful collection of rules for ensuring fair trading on their platforms. For data encryption purposes, they supply industry-standard secure socket layers (SSL).

In accordance with their own privacy regulations, customer information is to not be shared with any other institutions or individuals. This includes credit history and other financial details.

Compare IC Markets vs Boston Merchant Financial Commission And Fees

IC Markets and Boston Merchant Financial are online brokerage platforms, and most online brokerages charge lower fees than traditional brokerages tend to bill. The reason for this is that the businesses of online trading platforms are scaled better. That is, an online broker isn't necessarily influenced by the amount of clients they have.

But this doesn't mean that online brokers don't charge any fees. They charge fees of varying rates for various services to earn money. There are mainly three different types of penalties for this purpose.

The first kind of fees to keep an eye out for are trading charges. Whenever you make a genuine trade, like buying a stock or an ETF, you're charged trading fees. In such cases, you're spending a spread, funding speed, or even a commission. The kinds of trading fees and the rates differ from broker to broker.

Commissions can be fixed or determined by the traded quantity. On the flip side, a spread denotes the gap between the buying and selling cost. Funding or overnight rates are people that are billed when you maintain a leveraged position for more than a day.

Apart from trading fees, online brokers also bill non-trading fees. These are dependent on the actions you undertake in your accounts. They are billed for operations like depositing cash, not trading for lengthy periods, or withdrawals.

Generally, neither IC Markets or Boston Merchant Financial charge high fees in comparison to other online brokers. For operations other agents charge for, they either do not charge a broker fee, or they charge a lesser sum. This can be beneficial for people who often exchange, such as weekly or daily trading.

But, non-trading fees charged by IC Markets and Boston Merchant Financial are relatively higher. Consequently, you are billed more for non-trading actions in your trading accounts, such as withdrawal and deposits. These aren't related to the purchase and sale of resources.

This IC Markets vs Boston Merchant Financial review for 2023 breaks down each of the relevant non-trading fees for you in detail.

Compare Broker Fees For IC Markets And Boston Merchant Financial

What Languages Do IC Markets And Boston Merchant Financial Support?

Being able to talk completely with your trading broker is a key part of comparing trading platforms to find your perfect broker. Not only for support but to ensure you completely understand everything on their site and inside their application as it is a key factor to success when trading forex.

Here you will find all the languages that both IC Markets and Boston Merchant Financial offer communication in.

How Many Clients Do IC Markets and Boston Merchant Financial Have?

Both IC Markets and Boston Merchant Financial are well established with their client base. It is really important to work with a broker that is professional and one of the most simple ways of establishing this is by knowing how many clients they already work with.

Below you will find details of how many users IC Markets and Boston Merchant Financial are active on their platform

What Payment Methods Do IC Markets and Boston Merchant Financial Accept?

IC Markets 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 IC Markets and Boston Merchant Financial

What Can You Trade With IC Markets and Boston Merchant Financial?

IC Markets offers 232 trading instruments while Boston Merchant Financial offers 100.

Below you will find a full breakdown of what both IC Markets and Boston Merchant Financial offer.