Compare Fineco Bank vs Merrill Edge


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

Fineco Bank vs Merrill Edge
overall rating
4.7
4.8
overall pros
  • Low trading and non-trading fees
  • Great mobile trading platform
  • Rock-solid background
  • Low trading fees
  • Easy and seamless account opening
  • Strong parent company
overall cons
  • Only bank transfer for deposit
  • Limited educational tools
  • Poor charting tools
  • Limited to US clients and products
  • No demo trading
  • Limited options to deposit/withdraw from accounts
fees
3.7
  • Low stock, ETF, bond, and fund fees
  • Low CFD and futures fees
  • Low non-trading fees
  • High forex and options fees
  • High fees for CFD overnight positions
4.4
  • Low trading fees
  • Low non-trading fees
  • Low stock and ETF fees
  • High financing rate
account opening
4.4
  • Fully digital
  • No minimum deposit
  • Bit slow account verification
5.0
  • Fast
  • Fully digital
  • No minimum deposit
deposit and withdrawal
3.3
  • No deposit fee
  • Several account base currencies
  • Free withdrawal in most cases
  • Credit/Debit card is not available for deposit
  • Missing electronic wallets
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
4.3
  • Good search function
  • Good variety of order types
  • Modern design
  • Limited customizability (for charts, workspace)
4.3
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
mobile trading platform
4.7
  • User-friendly
  • Good search function
  • Modern design
4.8
  • User-friendly
  • Two-step (safer) login
  • Touch/Face ID login
  • Poor search function
desktop trading platform
2.7
  • Good customizability (for charts, workspace)
  • Good search function
  • Not user-friendly
  • No clear fee report available
markets and products
3.8
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
2.3
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
research
4.0
  • Trading ideas
  • Data on asset fundamentals
  • Great screeners
  • Limited interactive charting
4.0
  • Trading ideas
  • Data on asset fundamentals
  • Quality news flow
  • Limited interactive charting
  • No/limited set of analytic tools
customer service
4.0
  • Phone support
  • Live chat
  • Relevant answers
  • No 24/7 support
4.5
  • Phone support
  • Live chat
  • No email support
education
3.0
  • Educational videos
  • Webinars
  • No demo account
3.5
  • Trading platform tutorial
  • Educational videos
  • No demo account
  • High level of investor protection
  • Banking background
  • 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 Traders and investors looking for low fees and broker with a solid background Investors and traders who looking for low fees, quick account opening, and simple platforms
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