Online brokers compared for fees, trading platforms, safety and more. See how DEGIRO stacks up against Merrill Edge!
Last update of data—Dec 2022
DEGIRO is a discount broker that merged with flatexDEGIRO Bank AG and is supervised by the German financial regulator.
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 traders and investors looking for execution only.
Recommended for investors and traders looking for low fees, quick account opening and simple platforms.
DEGIRO
DEGIRO is a discount broker that merged with flatexDEGIRO Bank AG and is supervised by the German financial regulator.
Recommended for traders and investors looking for execution only.
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.
DEGIRO's service is on par with Merrill Edge's and a comparison of their fees shows that DEGIRO's fees are similar to Merrill Edge's.
Account opening takes about the same effort at DEGIRO compared to Merrill Edge, deposit and withdrawal processes are somewhat easier at DEGIRO, while customer service quality is somewhat better than Merrill Edge's.
Our experts rated the trading platform of DEGIRO as being of the same quality as the platform of Merrill Edge, found that clients have access to more markets and products with DEGIRO, while Merrill Edge provides better research and education.
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.
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