CapTrader
Merrill Edge
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Basic data of broker
Recommended for Investors and traders looking for low fees and sophisticated trading platforms
Recommended for Investors and traders looking for low fees, quick account opening and simple platforms
Germany
USA
Fees
Average trading and non-trading fees
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
9
1
Deposit type
Withdrawal type
Account opening
$2000
$0
>3 days
1 day
Proof of identity: proof of address and an ID card or passport copy back Proof of residency: phone bill (not mobile phone), a bank statement or a utility bill (electricity, gas, etc.) - not older than 6 months, or a credit card statement (not older than 6 weeks)
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: 69% 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
€20,000
$500,000 (securities up to $500,000, cash up to $250,000)
1997
2010
Ireland
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.
CapTrader's service is slightly weaker than Merrill Edge's and a comparison of their fees shows that CapTrader's fees are slightly higher than Merrill Edge's.
Account opening takes considerably more effort at CapTrader compared to Merrill Edge, deposit and withdrawal processes are somewhat easier at CapTrader, while customer service quality is somewhat better than Merrill Edge's.
Our experts rated the trading platform of CapTrader as somewhat worse than the platform of Merrill Edge, found that clients have access to much more markets and products with CapTrader, while Merrill Edge provides just about the same quality of research and education.