Compare Freetrade vs Merrill Edge


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

Freetrade vs Merrill Edge
overall rating
4.4
4.8
overall pros
  • Free stock and ETF trading
  • Easy and fast account opening
  • Great mobile trading platform
  • Low trading fees
  • Easy and seamless account opening
  • Strong parent company
overall cons
  • Basic product portfolio
  • Limited research tools
  • Debit card only for deposits
  • Limited to US clients and products
  • No demo account
  • Limited options to deposit/withdraw
fees
5.0
  • Low trading fees
  • Low non-trading fees
  • Free stock and ETF 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
  • No minimum deposit
5.0
  • Fast
  • Fully digital
  • No minimum deposit
  • Only US clients are accepted
deposit and withdrawal
4.0
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Only one account base currency
  • Debit card available, but only for 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
4.3
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
mobile trading platform
4.7
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • Limited order types
  • No price alerts
4.8
  • User-friendly
  • Two-step (safer) login
  • Touch/Face ID login
  • Poor search function
desktop trading platform
markets and products
1.6
  • Stock
  • ETF
2.3
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
research
0.0
  • Limited interactive charting
  • No trading ideas
  • No fundamental data available
4.0
  • Trading ideas
  • Data on asset fundamentals
  • Quality news flow
  • Limited interactive charting
  • No/limited set of analytic tools
customer service
3.8
  • Live chat
  • Fast response time
  • Relevant answers
  • No phone support
  • No 24/7 support
4.5
  • Phone support
  • Live chat
  • No email support
education
3.0
  • Invest HUB blog
  • Educational content in a newsletter
  • No educational videos
  • No webinars
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
  • 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 Long-term investors on the hunt for low fees and focusing on the UK and US markets Investors and traders who looking for low fees, quick account opening, and simple platforms
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