Compare Fidelity vs Merrill Edge


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

Fidelity vs Merrill Edge
overall rating
4.8
4.8
overall pros
  • Solid research tools
  • Great web trading platform
  • US and international stocks
  • Low trading fees
  • Easy and seamless account opening
  • Strong parent company
overall cons
  • Not fully digital account opening
  • High mutual fund fees
  • High financing rates
  • Limited to US clients and products
  • No demo trading
  • Limited options to deposit/withdraw from accounts
fees
4.1
  • Low non-trading fees
  • Free stock and ETF trading
  • Some mutual funds are free
  • High fund fees
  • Higher fees for non-free mutual funds
4.4
  • Low trading fees
  • Low non-trading fees
  • Low stock and ETF fees
  • High financing rate
account opening
2.9
  • No minimum deposit
  • User-friendly
  • Not fully digital
5.0
  • Fast
  • Fully digital
  • No minimum deposit
deposit and withdrawal
3.8
  • Free withdrawal
  • No deposit fee
  • Several account base currencies
  • Credit/Debit card not available
  • $10 for outgoing wire transfers
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
  • No two-step (safer) login
4.8
  • User-friendly
  • Two-step (safer) login
  • Touch/Face ID login
  • Poor search function
desktop trading platform
3.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No two-step (safer) login
markets and products
3.9
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
  • Robo-advisory
2.3
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
research
3.8
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • News flow quality could be better
4.0
  • Trading ideas
  • Data on asset fundamentals
  • Quality news flow
  • Limited interactive charting
  • No/limited set of analytic tools
customer service
3.9
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
  • Slow live chat
4.5
  • Phone support
  • Live chat
  • No email support
education
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
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
  • Additional coverage by Fidelity
  • No negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
  • 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 great trading platforms Investors and traders who looking for low fees, quick account opening, and simple platforms
×