Alison Heyerdahl
Edited by
Author
Alison Heyerdahl
Edited by
Alison Heyerdahl
Head of Content

Alison Heyerdahl is the Head of Content at FxScouts, a Chartered Market Technician (CMT), and an experienced trader, as well as a financial writer with extensive expertise in Forex trading, broker analysis, and market research. She has reviewed 100+ brokers, publishes weekly YouTube trading videos, and co-hosts the “Let’s Talk Forex” podcast.

 

Learn more about Alison Heyerdahl
Author
Author
Chris Cammack
Partner Manager and Financial Writer

Chris Cammack is the Partner Manager and a financial writer at FxScouts. Chris builds and maintains our relationships with our partners to provide our users with the best Forex trading experience.

Learn more about Chris Cammack

Boston Merchant Financial

Forex and CFD trading is high risk and most traders lose money

Available to traders in %s

Min deposit

USD 50

Regulated By
Varies by region

ASIC, VFSC

Trading Cost

USD 14

Max Leverage
Varies by region

200:1

Copy Trading
Varies by region

Yes

Platforms

MT4

Instruments

Commodities, Stock CFDs, ETFs, Forex

Boston Merchant Financial Broker Review

FXScouts does NOT recommend Boston Merchant Financial 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 Boston Merchant Financial. 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.

Pros

  • #N/A

Cons

  • #N/A
Rating Reviews
2.52

Boston Merchant Financial Overall Summary

Trust Rating
1
Trading Conditions
3
Platforms
4
Education
1.5
Beginner Friendly
1
Assets Available
3.5
Analysis Research
1
Deposit & Withdrawal
1
Overall Rating
2.52
/ 5
Base Currencies
EUR, USD, CHF, CAD, GBP, AUD, NZD
Number of FX Pairs
23
Crypto Pairs
0
Copy Trading
Yes
Hedging Allowed
No
Scalping Allowed
No
Islamic Account
No
Account Name
Commission
Fees Included in Spread
EUR/USD
1.40
GBP/USD
1.40
USD/JPY
1.40
Negative Balance Protection
No
Company Name
BMFN Limited
Founded
1988
Website
https://bmfn.com/
Website Language
English
Support Language
English
Office Locations
Vanuatu, Australia
Support Email Address
Contact form on website
PU Prime 50% Bonus PU Prime 50% Bonus

Deposit & Withdrawal

banktransfer
visa
mastercard
skrill
unionpay

Supported Platforms

Best MT4 Forex Brokers

User Reviews

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Meet the Experts Behind Our Unbiased Reviews

Chris Cammack

Partner Manager and Financial Writer

Chris Cammack
Chris Cammack is partner manager and senior financial writer at FxScouts, specialising in broker relations and forex market analysis. As the former Head of Content (2019–2024), he set editorial standards for all content published at FxScouts, including broker reviews, broker comparison pages and education. With over a decade of experience in editorial management and partner relations, Chris builds and maintains our relationships with our partners to provide the best Forex trading experience for our users. He also co-hosts the “Let’s Talk Forex” podcast with Alison Heyerdahl, where he explores trading strategies, industry news, and macroeconomic trends to help traders navigate the markets with confidence.

Alison Heyerdahl

Head of Content

Alison Heyerdahl
Alison Heyerdahl is the Head of Content at FxScouts, a Chartered Market Technician (CMT), an experienced trader, and a financial writer with extensive hands-on experience in the Forex trading industry. She specialises in Forex trading, broker analysis, and market research, with a focus on helping traders navigate the complex world of online trading safely and confidently. Alison has tested and reviewed more than 100 Forex brokers, assessing everything from regulatory status and trading conditions to platform features and customer support. Her goal is to provide honest, detailed, and practical insights that traders can rely on when choosing a broker. She’s also produced more than 300 educational videos for the FxScouts YouTube channel, where she explains trading concepts in a clear, accessible way. As the co-host of the “Let’s Talk Forex” podcast, Alison shares expert commentary on broker reliability, trading strategies, and market developments—always with a focus on transparency and trader protection.

Stefan de Clerk

Financial Writer

Stefan de Clerk
Stefan is a financial writer and Forex trading enthusiast with over a decade of experience creating in-depth content on finance and technology. His deep interest in geopolitical events, big data, and market sentiment fuels his passion for analyzing how global factors shape financial markets. With a background in marketing and financial research, Stefan believes that Forex trading offers the best insight into the pulse of the world economy. Committed to delivering well-researched, unbiased, and objective information, he helps traders navigate the markets with clarity and confidence.

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