Compare Axi vs Merrill Edge


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

Axi vs Merrill Edge
overall rating
4.4
4.8
overall pros
  • Low trading fees and no inactivity fee
  • No withdrawal and deposit fees
  • Fully digital account opening
  • Low trading fees
  • Easy and seamless account opening
  • Strong parent company
overall cons
  • Offers only forex and CFD trading
  • Limited research tools
  • Slow email support
  • Limited to US clients and products
  • No demo trading
  • Limited options to deposit/withdraw from accounts
fees
4.4
  • Low non-trading fees
  • Low forex fees
  • Low CFD fees
4.4
  • Low trading fees
  • Low non-trading fees
  • Low stock and ETF fees
  • High financing rate
account opening
4.4
  • Fully digital
  • No minimum deposit
  • Low minimum deposit
  • Slower account opening time
5.0
  • Fast
  • Fully digital
  • No minimum deposit
deposit and withdrawal
4.8
  • Free withdrawal
  • No deposit fee
  • No credit/debit card withdrawal
2.2
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • Only one account base currency
  • Slow withdrawal - over 3 days
web trading platform
2.6
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
4.3
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
mobile trading platform
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
  • No order confirmation
4.8
  • User-friendly
  • Two-step (safer) login
  • Touch/Face ID login
  • Poor search function
desktop trading platform
3.3
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
markets and products
1.8
  • Forex
  • CFD
  • Crypto
2.3
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
research
2.5
  • User-friendly
  • Great economic calendar
  • No trading ideas
  • No fundamental data available
4.0
  • Trading ideas
  • Data on asset fundamentals
  • Quality news flow
  • Limited interactive charting
  • No/limited set of analytic tools
customer service
4.4
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
  • Slow response time in email
4.5
  • Phone support
  • Live chat
  • No email support
education
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No webinars scheduled
3.5
  • Trading platform tutorial
  • Educational videos
  • No demo account
  • Majority of clients belong to a top-tier financial authority
  • Negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Banking background
  • No negative balance protection
recommended for Forex traders familiar with the MetaTrader 4 platform Investors and traders who looking for low fees, quick account opening, and simple platforms
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