Ally Invest vs Merrill Edge compared

Your expert:
Edith Balázs
Your expert:
Nicole Conrad
Ally Invest
Merrill Edge
Key differences
  • Research score
    4.8
    /5
  • Account opening score
    4.4
    /5
  • Trading platform combined score
    4.0
    /5
  • Research score
    4.0
    /5
  • Account opening score
    5.0
    /5
  • Trading platform combined score
    4.5
    /5
Recommended for
  • Beginners
  • Equity
  • Forex
  • CFD
  • Beginners
  • Equity
  • Forex
  • CFD
Fees
Fees score
US stock fee
EURUSD spread
US index options fee
S&P 500 CFD spread
Withdrawal fee
Deposit fee
Inactivity fee
Safety
Top-tier regulators
Foundation date
Investor protection
Deposit and Withdrawal
Minimum deposit
Bank transfer for deposit
Bank transfer for withdrawal
Credit/debit for deposit
Credit/debit for withdrawal
PayPal for deposit
Wise for deposit
Revolut for deposit
Other electronic wallets
Platform and Experience
Mobile platform score
Web platform score
MT4 available
MT5 available
Customer service score
Account opening score

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.

Ally Invest's service is on par with Merrill Edge's and a comparison of their fees shows that Ally Invest's fees are similar to Merrill Edge's.

Account opening takes somewhat more effort at Ally Invest compared to Merrill Edge, deposit and withdrawal processes are about the same quality at Ally Invest, while customer service quality is similar to Merrill Edge's.

Our experts rated the trading platform of Ally Invest as somewhat worse than the platform of Merrill Edge, found that clients have access to about the same number of markets and products with Ally Invest, while Merrill Edge provides somewhat lower-quality research and education.

Testimonials
What our users say about us

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"I just wanted to give you a big thanks! I really enjoyed your website, searching for the best broker for my wishes. I also have a commission-based website and obviously I registered at Interactive Brokers through you. Especially the easy to understand fees table was great! Thanks again, keep up the amazing work!"
Dion Rozema
Owner
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