eToro
Merrill Edge
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Basic data of broker
Recommended for Traders interested in social trading (i.e. copying other investors’ trades) and zero-commission stock trading
Best broker for beginners
Recommended for Investors and traders looking for low fees, quick account opening and simple platforms
Israel
USA
Fees
Low trading fees, high non-trading fees, free stock and ETF trading
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
1
1
Deposit type
Withdrawal type
Account opening
$50
$0
1 day
1 day
Proof of identity: passport / personal ID Proof of residency: utility bill
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: 81.2% 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
£85,000 for UK residents, €20,000 for non-UK residents
$500,000 (securities up to $500,000, cash up to $250,000)
2007
2010
UK, Cyprus, Australia
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.
eToro's service is on par with Merrill Edge's and a comparison of their fees shows that eToro's fees are similar to Merrill Edge's.
Account opening takes about the same effort at eToro compared to Merrill Edge, deposit and withdrawal processes are more seamless at eToro, while customer service quality is similar to Merrill Edge's.
Our experts rated the trading platform of eToro as being of the same quality as the platform of Merrill Edge, found that clients have access to more markets and products with eToro, while Merrill Edge provides somewhat better research and education.