BrokAIr Reviews

Boston Merchant Financial Review

"Boston Merchant Financial has been accused of unethical practices and questionable business dealings - but is this really the case, or have their customers simply been too quick to judge?"

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Boston Merchant Financial

Overview

Boston Merchant Financial (BMF) is a global online brokerage founded in 1997. It is based in the US with offices in the UK, Singapore, and Switzerland. BMF offers its clients access to financial markets such as stocks, options, futures, foreign exchange, and more. BMF provides a wide range of products and services to its clients, including trading platforms for all levels of traders, risk management tools, portfolio management software, market data, research, and support. BMF also offers educational resources for traders such as webinars and seminars.

Pros

Cons

Founders

BMF was founded by Michael Halloran and James Geller in 1997. Halloran has over 25 years of experience in the financial services industry and is a graduate of the Wharton School of Business. Geller has over 20 years of experience in financial markets and holds an MBA from Harvard Business School. Both Halloran and Geller have served as chairmen on various boards within the industry.

Public Opinion

The public opinion of BMF is generally positive. Most traders appreciate its quality trading platforms and customer service team. However, there are some complaints about its high commissions and fees as well as its limited product selection.

News & Events

BMF was recently acquired by American Financial Resources (AFR), a US-based financial services company. The acquisition will enable BMF to expand its product offerings to include mortgage loan services. In addition, AFR will provide additional capital to help BMF expand into new markets.