Roboforex vs Boston Merchant Financial, for 2024
Read our In-Depth Roboforex vs Boston Merchant Financial Review - for 2024
Our Roboforex vs Boston Merchant Financial review has been updated for 2024 from industry experts boasting extensive financial experience in CFDs, Social Trading, & Forex.
Please note that due to regulations for each broker, the content in this comparison of Roboforex vs Boston Merchant Financial does not apply to all countries as follows:
Roboforex Excluded Countries
United States of America, and Japan.
Boston Merchant Financial Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare Roboforex vs Boston Merchant Financial
All platforms for online trading will have a few advantages and disadvantages, so a complete review of Roboforex and Boston Merchant Financial would not be complete without embracing an objective perspective.
Assess Boston Merchant Financial and Roboforex in order to understand just how they compare against each before you choose to open an account. A comprehensive comparison will put things into perspective so that you remain cognizant of the expectations.
So you are looking for an online trading platform and are choosing between Roboforex or Boston Merchant Financial. Which one is best in 2024?
Our Roboforex vs Boston Merchant Financial comparison contains the latest information so you can easily compare Boston Merchant Financial against Roboforex.
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 get adept at all of the concepts of broker since you keep trading. For starters, you need to choose the ideal broker who'll be clear with you always.
Within this fast-paced world of stock markets and trading, you'll need guidance to make correct decisions. A professionally lead investment plan has the potential to create hefty returns. Roboforex and Boston Merchant Financial are two such companies that will take you and your investment into great heights. It is crucial that you compare Roboforex vs Boston Merchant Financial until you trust them with your cash.
Our Roboforex vs Boston Merchant Financial comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust Roboforex and Boston Merchant Financial side by side.
Our full Roboforex vs Boston Merchant Financial Review covers all you need to learn about trading with either Roboforex or Boston Merchant Financial. A fantastic broker can multiply your initial investments and provide you positive profits. If you want to make profits, you should trade with a brokerage service that aligns with your investment goals.
There is no sure-fire method to guarantee profits; therefore, you should carefully analyze your broker before you select them. It's a common misconception that all brokers will be the same, but that is not correct. Wrong judgment, in the beginning, can set your investments in danger.
Roboforex and Boston Merchant Financial are both brokers which have paved their way successfully to the broker world. Within this review, we've attempted to collate some of the vital facets of both Roboforex and Boston Merchant Financial. This review can allow you to know whether either Boston Merchant Financial or Roboforex is a good match for your investments or not. We have tried to breakdown all of the qualities and fees for your convenience.
Benefits of Roboforex and Boston Merchant Financial Compared
Roboforex has a minimum deposit of $1 while Boston Merchant Financial offers a $50 minimum deposit.
Why smaller minimum deposits are good and how Roboforex 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.
Roboforex allows you to trade around 12000 financial instruments while Boston Merchant Financial has around 12000 available.
The more instruments you can trade on the Roboforex and Boston Merchant Financial trading 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 seriously do not want to miss out on a trading opportunity due to the limitations of Roboforex or Boston Merchant Financial.
Roboforex and Boston Merchant Financial Contact Details
Being able to contact your broker through many ways is a sign of a professional broker. Roboforex and Boston Merchant Financial have the following contact details and social medias that you can use.
Broker | Roboforex | Boston Merchant Financial |
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Telephone Number | +65 3158 8389 | |
info@roboforex.com | ||
Address | 2118 Guava Street, Belama Phase 1, Belize City, Belize | |
Roboforex Twitter Account | Boston Merchant Financial Twitter Account | |
Roboforex Facebook Page | Boston Merchant Financial Facebook Page | |
Roboforex Instagram Account | Boston Merchant Financial Instagram Account | |
Roboforex LinkedIn Page | Boston Merchant Financial LinkedIn Page | |
YouTube | Roboforex YouTube Channel | Boston Merchant Financial YouTube Channel |
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Boston Merchant Financial and Roboforex 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 Roboforex and Boston Merchant Financial we'll check whether either of their mobile apps tick all the boxes.
Overall, we rate the user-friendliness of both apps as better than 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. 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?
Roboforex vs Boston Merchant Financial - Awards
Broker | Roboforex | Boston Merchant Financial |
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Awards |
Roboforex have won several industry awards over the years they have been operating as a financial broker. We show the most notable awards for Roboforex 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. |
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Roboforex vs Boston Merchant Financial - Frequently Asked Questions
Roboforex vs Boston Merchant Financial - Headquarters And Year Of Founding
Roboforex was founded in 2009 and has its headquaters in Belize.
Boston Merchant Financial was founded in 1988 and has its headquaters in Dubai.
What is the minimum deposit for Boston Merchant Financial or Roboforex
The minimum deposit for Roboforex is $1.
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 Roboforex and Boston Merchant Financial are a good choice.
Roboforex vs Boston Merchant Financial - Regulation And Licencing In More Detail
Roboforex is regulated by RoboForex Ltd is a financial brokerage company regulated by the FSC, license No. 000138/437, reg. number 128.572. Address: 2118 Guava Street, Belama Phase 1, Belize City, Belize. .
Boston Merchant Financial is regulated by Australian Securities and Investment Commission (ASIC).
Both Roboforex and Boston Merchant Financial have a powerful set of rules for ensuring honest trading on their platforms. For information encryption purposes, they supply industry-standard secure socket layers (SSL).
In accordance with their individual privacy policies, client data is never to be shared with any other institutions or individuals. Including credit history and other financial details.
Compare Roboforex vs Boston Merchant Financial Commission And Fees
Roboforex and Boston Merchant Financial are online brokerage platforms, and most 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. That is, an online broker is not necessarily affected by the number of customers they have.
But this doesn't necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to earn money. There are mainly 3 types of fees for this objective.
The first kind of fees to look out for are trading charges. When you make an actual trade, like purchasing a stock or an ETF, you're charged trading fees. In such instances, you are spending a spread, financing speed, or even a commission. The sorts of trading charges and the prices vary from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the other hand, a spread denotes the difference between the buying and selling cost. Funding or overnight prices are people that are charged when you maintain a leveraged position for longer than a day.
Aside from trading charges, online brokers also bill non-trading fees. These are dependent on the activities you undertake in your account. They are charged for surgeries like depositing cash, not investing for lengthy periods, or withdrawals.
In general, neither Roboforex or Boston Merchant Financial charge high fees in comparison to other online agents. For operations other agents charge for, they do not charge a brokerage fee, or they charge a smaller amount. This is beneficial for people who often trade, for example daily or weekly trading.
But, non-trading fees charged by Roboforex and Boston Merchant Financial are relatively higher. Consequently, you're charged more for non-trading actions on your trading account, such as withdrawal and deposits. These are not related to the purchase and sale of assets.
This Roboforex vs Boston Merchant Financial review for 2024 breaks down each of the relevant non-trading charges for you in detail.
Compare Broker Fees For Roboforex And Boston Merchant Financial
What Languages Do Roboforex And Boston Merchant Financial Support?
Being able to chat easily with your online platform is a key part of comparing trading platforms to find your perfect trading partner. Not only for support but to ensure you completely understand everything on their site and inside their app as it is a key factor to success when trading forex.
Below you will find the languages that both Roboforex and Boston Merchant Financial support.
How Many Clients Do Roboforex and Boston Merchant Financial Have?
Both Roboforex and Boston Merchant Financial are well established with their customer base. It is important to work with a broker that is reputable and one of the easiest ways of understanding this is by knowing how many clients they already work with.
Below you will find details of how many users Roboforex and Boston Merchant Financial have
Broker | Roboforex | Boston Merchant Financial |
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Clients / Users | 10,000+ | 10,000+ |
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What Payment Methods Do Roboforex and Boston Merchant Financial Accept?
Roboforex 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 Roboforex and Boston Merchant Financial
What Can You Trade With Roboforex and Boston Merchant Financial?
Roboforex offers 12000 trading instruments and Boston Merchant Financial offers 100.
Below you will find a full breakdown of what both Roboforex and Boston Merchant Financial offer.
Roboforex Review
Roboforex vs Boston Merchant Financial:
Table Of Contents
- Compare Roboforex vs Boston Merchant Financial
- Benefits of Roboforex and Boston Merchant Financial Compared
- Boston Merchant Financial and Roboforex Mobile App Comparison
- Roboforex vs Boston Merchant Financial - Awards
- Roboforex vs Boston Merchant Financial - Frequently Asked Questions
- What is the minimum deposit for Boston Merchant Financial or Roboforex
- Roboforex vs Boston Merchant Financial - Regulation And Licencing In More Detail
- Compare Broker Fees For Roboforex And Boston Merchant Financial
- What Languages Do Roboforex And Boston Merchant Financial Support?
- How Many Clients Do Roboforex and Boston Merchant Financial Have?
- What Payment Methods Do Roboforex and Boston Merchant Financial Accept?
- What Can You Trade With Roboforex and Boston Merchant Financial?