Compare E*TRADE vs Merrill Edge


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

E*TRADE vs Merrill Edge
overall rating
4.7
4.7
overall pros
  • Low trading fees (free stock and ETF trading)
  • User-friendly mobile trading platform
  • Great research tools
  • Low trading fees
  • Easy and seamless account opening
  • Strong parent company
overall cons
  • Only US markets, no forex
  • Only bank transfer
  • Slow live chat
  • Limited to US clients and products
  • No demo account
  • Few options for deposit/withdrawal
fees
4.4
  • Free stock and ETF trading
  • Some mutual funds and bonds are free
  • Low non-trading fees
  • High fees for non-free mutual funds
4.3
  • Low trading fees
  • Low non-trading fees
  • Low stock and ETF fees / Free stock trading
  • High financing rate
account opening
4.2
  • Fully digital
  • No minimum deposit
  • User-friendly
  • Slow account verification
5.0
  • Fast
  • Fully digital
  • No minimum deposit
  • Only US clients are accepted
deposit and withdrawal
2.2
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • High fee for wire transfer 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
4.5
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
4.3
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
mobile trading platform
4.5
  • User-friendly
  • Good search function
  • Good variety of order types
4.8
  • User-friendly
  • Two-step (safer) login
  • Touch/Face ID login
  • Poor search function
desktop trading platform
markets and products
2.8
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
  • Futures
  • Crypto
2.4
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
research
4.7
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
3.9
  • Trading ideas
  • Data on asset fundamentals
  • Quality news flow
  • Limited interactive charting
  • No/limited set of analytic tools
customer service
3.6
  • Phone support
  • Live chat
  • Relevant answers
  • Slow live chat and phone
4.5
  • Phone support
  • Live chat
  • No email support
education
2.4
  • Trading platform tutorial
  • Educational videos
  • Good production quality
  • Demo account is only for Power E*TRADE
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
  • Banking background
  • No negative balance protection
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Banking background
  • No negative balance protection
recommended for Investors and traders looking for solid research and a great mobile trading platform Investors and traders looking for low fees, quick account opening, and simple platforms
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