Compare ChoiceTrade vs Merrill Edge


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

ChoiceTrade vs Merrill Edge
overall rating
4.1
4.8
overall pros
  • Commission-free listed stock and ETF trades
  • Fast and easy account opening
  • User-friendly mobile trading platform
  • Low trading fees
  • Easy and seamless account opening
  • Strong parent company
overall cons
  • High non-trading fees
  • Not user-friendly withdrawal
  • Limited product portfolio
  • Limited to US clients and products
  • No demo account
  • Limited options to deposit/withdraw
fees
4.4
  • Low trading fees
  • Commission-free stock trading
  • Withdrawal fee
  • Inactivity fee
4.4
  • Low trading fees
  • Low non-trading fees
  • Low stock and ETF fees
  • High financing rate
account opening
4.4
  • Fully digital
  • Low minimum deposit
  • User-friendly
5.0
  • Fast
  • Fully digital
  • No minimum deposit
  • Only US clients are accepted
deposit and withdrawal
0.8
  • No deposit fee
  • Credit/Debit card not available
  • High withdrawal fee
  • Withdrawal is excessively complicated
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
1.5
  • Clear fee report
  • Good variety of order types
  • Order confirmation
  • No two-step (safer) login
  • Poor search function
  • Design is very outdated
4.3
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
mobile trading platform
3.5
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
  • Poor search function
  • No price alerts
4.8
  • User-friendly
  • Two-step (safer) login
  • Touch/Face ID login
  • Poor search function
desktop trading platform
2.8
  • Clear fee report
  • Good variety of order types
  • Good search function
  • Limited customizability (for charts, workspace)
  • No two-step (safer) login
  • No price alerts
markets and products
2.1
  • Stock
  • ETF
  • Options
2.3
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
research
2.9
  • Trading ideas
  • Data on asset fundamentals
  • Quality news flow
  • Limited interactive charting
  • Not user-friendly
4.0
  • Trading ideas
  • Data on asset fundamentals
  • Quality news flow
  • Limited interactive charting
  • No/limited set of analytic tools
customer service
3.9
  • Phone support
  • Fast response time
  • Professional tone
  • No live chat
  • No 24/7 support
4.5
  • Phone support
  • Live chat
  • No email support
education
3.0
  • Demo account
  • Trading platform tutorial
  • Hard to navigate
  • Poor production quality
  • Not updated for a long time
3.5
  • Trading platform tutorial
  • Educational videos
  • No demo account
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Financial information is publicly available
  • Does not hold a banking license
  • Not listed on stock exchange
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Banking background
  • No negative balance protection
recommended for Stock and options traders looking for low trading fees and focusing on the US market Investors and traders who looking for low fees, quick account opening, and simple platforms
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