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Boston Merchant Financial Broker Review
Updated: May 8, 2023
Last Updated On May 8, 2023
2.52
/ 5
| 🏦 Min. Deposit | USD 50 |
| 🛡️ Regulated By | VFSC, ASIC |
| 💵 Trading Cost | USD 14 |
| ⚖️ Max. Leverage | 200:1 |
| 💹 Copy Trading | Yes |
| 🖥️ Platforms | MT4 |
| 💱 Instruments | Forex, ETFs, Stock CFDs, Commodities |
FxScouts does NOT recommend BMFN due to insufficient regulation. We suggest you continue your search using our approved brokers list.Last Updated On May 8, 2023
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review. Please read our advertising disclosure. By using this website, you agree to our Terms of Service.
Our verdict on Boston Merchant Financial
FxScouts does NOT recommend Boston Merchant Financial Group due to insufficient regulation. We suggest that you find an alternative regulated broker governed by processes designed to protect your funds.
Supplying customers with MT4, but minimal educational material and regulatory oversight over their accounts, there are more attractive places for beginners to start than BMFN. A lack of transparency in areas of execution and commissions charged means trading costs could not be estimated and confirmed. At the same time withdrawals all carry a 50 USD administration fee.
| 🏦 Min. Deposit | USD 50 |
| 🛡️ Regulated By | VFSC, ASIC |
| 💵 Trading Cost | USD 14 |
| ⚖️ Max. Leverage | 200:1 |
| 💹 Copy Trading | Yes |
| 🖥️ Platforms | MT4 |
| 💱 Instruments | Forex, ETFs, Stock CFDs, Commodities |
Overall Summary
Deposit & Withdrawal Methods
Supported Platforms for Boston Merchant Financial
Account Information
Trading Conditions
Company Details
Deposit & Withdrawal Methods
Supported Platforms for Boston Merchant Financial
Pros
- #N/A
Cons
- #N/A
Editorial Team
Chris Cammack
Head of Content
Chris joined the company in 2019 after ten years experience in research, editorial and design for political and financial publications. His background has given him a deep knowledge of international financial markets and the geopolitics that affects them. Chris has a keen eye for editing and a voracious appetite for financial and political current affairs. He ensures that our content across all sites meets the standards of quality and transparency that our readers expect.
Alison Heyerdahl
Senior Financial Writer
Alison joined the team as a writer in 2021. She has a medical degree with a focus on physiotherapy and a bachelor’s in psychology. However, her interest in forex trading and her love for writing led her to switch careers, and she now has over eight years experience in research and content development. She has tested and reviewed 100+ brokers and has a great understanding of the Forex trading world.
Ida Hermansen
Financial Writer
Ida joined our team as a financial writer in 2023. She has a degree in Digital Marketing and a background in content writing and SEO. In addition to her marketing and writing skills, Ida also has an interest in cryptocurrencies and blockchain networks. Her interest in crypto trading led to a wider fascination with Forex technical analysis and price movement. She continues to develop her skills and knowledge in Forex trading and keeps a close eye on which Forex brokers offer the best trading environments for new traders.
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FxScouts does NOT recommend BMFN due to insufficient regulation. We suggest you continue your search using our approved brokers list.
2.52
/ 5
Data provided by FxScouts
Boston Merchant Financial Trading Cost Comparison
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