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Boston Merchant Financial Broker Review
Updated: May 10, 2023
Last Updated On May 10, 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 |
Find an approved Broker
FX Scouts does NOT recommend BMFN due to insufficient regulation. We suggest you continue your search using our approved brokers list.Last Updated On May 10, 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
FX Scouts 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
FX Scouts 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 FX Scouts
Boston Merchant Financial Trading Cost Comparison
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