Compare eToro vs Merrill Edge


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

eToro vs Merrill Edge
overall rating
4.7
4.8
overall pros
  • Free stock and ETF trading
  • Seamless account opening
  • Social trading experience
  • Low trading fees
  • Easy and seamless account opening
  • Strong parent company
overall cons
  • High forex fees
  • Withdrawing money can be slow
  • Only one account base currency
  • Limited to US clients and products
  • No demo account
  • Limited options to deposit/withdraw
fees
4.3
  • Low trading fees
  • Free stock trading
  • Low CFD fees
  • Withdrawal fee
  • Monthly inactivity fee after 1 year of no trading
4.4
  • Low trading fees
  • Low non-trading fees
  • Low stock and ETF fees
  • High financing rate
account opening
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
5.0
  • Fast
  • Fully digital
  • No minimum deposit
  • Only US clients are accepted
deposit and withdrawal
3.5
  • Credit/Debit card available
  • No deposit fee
  • User-friendly
  • Only one account base currency
  • $5 withdrawal fee
  • Conversion fee for non-USD deposits
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
4.4
  • 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
4.9
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • No Touch/Face ID login
4.8
  • User-friendly
  • Two-step (safer) login
  • Touch/Face ID login
  • Poor search function
desktop trading platform
markets and products
3.8
  • Stock
  • ETF
  • Forex
  • CFD
  • Crypto
2.3
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
research
3.5
  • Good interactive chart
  • Trading ideas
  • User-friendly
  • Analyst recommendations
  • No fundamental data available
  • No/poor quality news flow
4.0
  • Trading ideas
  • Data on asset fundamentals
  • Quality news flow
  • Limited interactive charting
  • No/limited set of analytic tools
customer service
3.5
  • Live chat
  • Fast response time
  • Relevant answers
  • No phone support
  • No 24/7 support
  • Live chat is offline quite often
4.5
  • Phone support
  • Live chat
  • No email support
education
2.5
  • Demo account
  • Intro guide to the platform
  • Basic educational videos
3.5
  • Trading platform tutorial
  • Educational videos
  • No demo account
  • Majority of clients belong to a top-tier financial authority
  • Negative balance protection
  • Well-known innovative fintech firm.
  • 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 Traders interested in social trading (i.e. copying other investors’ trades) & zero commission stock trading Investors and traders who looking for low fees, quick account opening, and simple platforms
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