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FXCM's service is on par with Merrill Edge's and a comparison of their fees shows that FXCM's fees are similar to Merrill Edge's.
Account opening takes somewhat more effort at FXCM compared to Merrill Edge, deposit and withdrawal processes are more seamless at FXCM, while customer service quality is somewhat better than Merrill Edge's.
Our experts rated the trading platform of FXCM as somewhat worse than the platform of Merrill Edge, found that clients have access to slightly less markets and products with FXCM, while Merrill Edge provides just about the same quality of research and education.