ActivTrades
Merrill Edge
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Basic data of broker
Recommended for Forex and CFD traders looking for low fees and great deposit/withdrawal conditions
Recommended for Investors and traders looking for low fees, quick account opening and simple platforms
UK
USA
Fees
Trading fees are low, non-trading fees are average.
Low trading and non-trading fees, high fund fees
Stock and ETF fees
Forex fees
Fund fees
Bond fees
Options fees
Futures fees
Crypto fees
CFD fees
Non-trading fees
Deposit and withdrawal
4
1
Deposit type
Withdrawal type
Account opening
$0
$0
1 day
1 day
Proof of identity: national ID / passport / driver's license AND Proof of residency: bank statement / utility bill / telecommunication bill / residential certificate AND One photo of yourself
None for those with an IP address in the US; for those that don't--2 utility bills, drivers license, passport
Trading platform
Markets and products
Disclaimer: 74-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Research, education
Great
Mid-range
Customer service
Security
£85,000 for cliens under FCA, €100,000 for cash deposits and €20,000 for securities for other European clients
$500,000 (securities up to $500,000, cash up to $250,000)
2001
2010
UK, Luxembourg, The Bahamas
USA
For detailed information and hands-on experience, read our review of this broker.
For detailed information and hands-on experience, read our review of this broker.
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.
ActivTrades's service is on par with Merrill Edge's and a comparison of their fees shows that ActivTrades's fees are similar to Merrill Edge's.
Account opening takes about the same effort at ActivTrades compared to Merrill Edge, deposit and withdrawal processes are more seamless at ActivTrades, while customer service quality is somewhat better than Merrill Edge's.
Our experts rated the trading platform of ActivTrades as somewhat worse than the platform of Merrill Edge, found that clients have access to slightly less markets and products with ActivTrades, while Merrill Edge provides somewhat better research and education.
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