Merrill Edge Alternatives in 2024

Are you not fully satisfied with the services of Merrill Edge and looking for some similar, but better options? Or maybe it's not available in your country, and you're interested in another broker like it?

We dug through our database to find other trusted providers that may better fit your needs. In our expert view, the best alternatives to Merrill Edge are:

1. Interactive Brokers - International broker providing all asset classes
2. eToro - Global social trading broker
3. Fidelity - US stockbroker
4. Zacks Trade - US discount broker
5. Charles Schwab - US discount broker
6. Webull - US discount broker
7. SoFi Invest - US discount broker
8. Alpaca Trading - US API broker
9. Robinhood - US zero-fee discount broker
10. Vanguard - US stockbroker

There are multiple excellent alternatives to Merrill Edge

There are multiple excellent alternatives to [Broker name]

Adam Nasli

Regulation • Fighting Scams • Market Analysis

I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.

Learn about our methodology

Adam Nasli

Regulation • Fighting Scams • Market Analysis

Together with my brokerage analyst colleagues, I have thoroughly tested the services of over 100 trusted brokers around the world by opening a real-money account. Here's what you need to know about finding alternatives to Merrill Edge:

• You have several great options when looking for an alternative to Merrill Edge.

• These alternatives offer similar products and target similar clients as Merrill Edge.

• Compare some key factors (like fees) to find the broker that best suits your needs.

• Use our Compare Brokers tool to dig deeper into the differences between brokers.

In the table below we collected all the most important details so you can check how the Merrill Edge and its alternatives compare to each other. Just use the drop-down menus to select the features you want to compare.

Popularity of the best alternative brokers to Merrill Edge

Interested in what others think? Here's how many people chose these brokers, which are the best alternatives to Merrill Edge, at BrokerChooser in the last 6 months.

Why are these brokers considered good alternatives to Merrill Edge?

When we say a given online broker is a good alternative to Merrill Edge we mean that these brokers are similar to Merrill Edge in:

• the products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.

• the type of clients they target, i.e. beginners, experienced investors, or day traders.

Look into these areas when comparing Merrill Edge alternatives

When trying to find the the best alternative choice to Merrill Edge, you should check and compare their characteristics along these five main categories that best bring out the differences between brokers:

Fees: Your online brokerage may charge different types of fees, and both the number and the size of these fees may vary significantly from broker to broker. This can greatly impact your returns and overall experience. Merrill Edge is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost Merrill Edge alternative.

Account opening: To open an account some brokers don't ask for a minimum deposit at all, while others may require up to €50,000 to be invested. The time it takes to open your account can be very different as well. At Merrill Edge this is not a problem as you can have it ready on the same day you registered.

Deposit/withdrawal: The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you cannot make a deposit with your credit card at Merrill Edge, some alternatives might allow you to do that.

Web trading platform: While online brokers are usually available on various platforms like mobile and tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.

Markets and products: A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given Merrill Edge alternative is a must.

So far BrokerChooser has reviewed 101 online brokers in detail, which gives this comparison a solid foundation. Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we

• open a live account
• check over 100 criteria, with importance based on the preferences of real traders
• refresh data regularly

Now let's dive into the details of how Merrill Edge and its alternatives perform in the most important areas!