FBS
Merrill Edge
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Basic data of broker
Recommended for Investors and CFD traders familiar with the MetaTrader trading platforms
Recommended for Investors and traders looking for low fees, quick account opening and simple platforms
Cyprus
USA
Fees
Low trading and non-trading fees
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
2
1
Deposit type
Withdrawal type
Account opening
$0.99
$0
1 day
1 day
Proof of identity: national ID / passport Proof of residency: bank statement / 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: 75.2% 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
Mid-range
Mid-range
Customer service
Security
€20,000 for EEA residents, no protection for other customers
$500,000 (securities up to $500,000, cash up to $250,000)
2009
2010
Cyprus, Australia, Belize
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.
FBS's service is slightly weaker than Merrill Edge's and a comparison of their fees shows that FBS's fees are similar to Merrill Edge's.
Account opening takes about the same effort at FBS compared to Merrill Edge, deposit and withdrawal processes are more seamless at FBS, while customer service quality is somewhat better than Merrill Edge's.
Our experts rated the trading platform of FBS as somewhat worse than the platform of Merrill Edge, found that clients have access to about the same number of markets and products with FBS, while Merrill Edge provides somewhat lower-quality research and education.