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.
Alpaca Trading's service is on par with Merrill Edge's and a comparison of their fees shows that Alpaca Trading's fees are similar to Merrill Edge's.
Account opening takes about the same effort at Alpaca Trading compared to Merrill Edge, deposit and withdrawal processes are somewhat more complicated at Alpaca Trading, while customer service quality is similar to Merrill Edge's.
Our experts rated the trading platform of Alpaca Trading as somewhat worse than the platform of Merrill Edge, found that clients have access to about the same number of markets and products with Alpaca Trading, while Merrill Edge provides somewhat lower-quality research and education.
More alternatives to Alpaca Trading and Merrill Edge