AMP Futures vs Merrill Edge compared

Online brokers compared for fees, trading platforms, safety and more. See how AMP Futures stacks up against Merrill Edge!

AMP Futures
Merrill Edge

Last update of dataDec 2022

AMP Futures

AMP Futures is a US-based broker that has more than 60 trading platform for advanced users, particularly futures traders. AMP Futures is an NFA-registered company.

Recommended for active traders focusing on futures.

Merrill Edge

Merrill Edge is a US-based broker owned by Bank of America (BofA). It is regulated by the top-tier SEC and FINRA; BofA is listed on the NYSE.

Recommended for investors and traders looking for low fees, quick account opening and simple platforms.

AMP Futures's service is slightly weaker than Merrill Edge's and a comparison of their fees shows that AMP Futures's fees are slightly lower than Merrill Edge's.

Account opening takes more effort at AMP Futures compared to Merrill Edge, deposit and withdrawal processes are somewhat easier at AMP Futures, while customer service quality is somewhat better than Merrill Edge's.

Our experts rated the trading platform of AMP Futures as less user-friendly than the platform of Merrill Edge, found that clients have access to less markets and products with AMP Futures, while Merrill Edge provides somewhat lower-quality research and education.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Basic data of broker

Overall Score
4.2

Recommended for Active traders focusing on futures

Overall Score
4.8

Recommended for Investors and traders looking for low fees, quick account opening and simple platforms

Country of origin

USA

Country of origin

USA

Fees

Fees score
4.9
Fees score
4.4
Fees summary

Low trading and average non-trading fees

Fees summary

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

Deposit and withdrawal score
3.1
Deposit and withdrawal score
2.2
Number of base currencies

10

Number of base currencies

1

Deposit type

Withdrawal type

Account opening

Account opening score
3.2
Account opening score
5.0
Account opening fully online
Account opening fully online
Minimum deposit
*

$100

*
Minimum deposit
*

$0

*
Time to open account

1-3 days

Time to open account

1 day

Required documents

Proof of identity: national ID / passport / driver's license Proof of residency: bank statement / utility bill / driver's license / credit card statement

Required documents

None for those with an IP address in the US; for those that don't--2 utility bills, drivers license, passport

Trading platform

Web platform score
-
Web platform score
4.3
Mobile platform score
-
Mobile platform score
4.8
Desktop platform score
3.0
Desktop platform score
4.3

Markets and products

Markets and products score
1.2
Markets and products score
2.5
Stocks
Stocks
Fractional shares
Fractional shares
ETFs
ETFs
Forex
Forex
Funds
Funds
Bonds
Bonds
Options
*
*
Options
Futures
Futures
Crypto
Crypto
CFDs
CFDs

Research, education

Research score
5.0
Research score
4.0
Charting quality

Great

Charting quality

Mid-range

Education score
4.3
Education score
3.5
Demo account
Demo account

Customer service

Customer service score
5.0
Customer service score
4.0
Phone
Phone
Live chat
Live chat
Email
Email
24/7 availability
24/7 availability

Security

Investor protection amount

No protection

Investor protection amount

$500,000 (securities up to $500,000, cash up to $250,000)

Banking background
Banking background
Listed on stock exchange
Listed on stock exchange
Foundation date

2009

Foundation date

2010

Country of regulation

USA

Country of regulation

USA

AMP Futures

For detailed information and hands-on experience, read our review of this broker.

Merrill Edge

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.

Brokers displayed might not be available in United States.

×