Compare FxPro vs Merrill Edge


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

FxPro vs Merrill Edge
overall rating
4.1
4.8
overall pros
  • Low forex and stock index CFD fees
  • Superb account opening process
  • Great customer service
  • Low trading fees
  • Easy and seamless account opening
  • Strong parent company
overall cons
  • Only CFDs and forex
  • High trading fees for some stock CFDs
  • Inactivity fee
  • Limited to US clients and products
  • No demo account
  • Limited options to deposit/withdraw
fees
3.0
  • Low forex fees
  • Low stock index fees
  • No withdrawal fee
  • Inactivity fee
  • Higher CFD fees on some markets
4.4
  • Low trading fees
  • Low non-trading fees
  • Low stock and ETF fees
  • High financing rate
account opening
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
5.0
  • Fast
  • Fully digital
  • No minimum deposit
  • Only US clients are accepted
deposit and withdrawal
4.5
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Few minor account currencies accepted
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
2.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
  • Poor design
4.3
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
mobile trading platform
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
  • No order confirmation
4.8
  • User-friendly
  • Two-step (safer) login
  • Touch/Face ID login
  • Poor search function
desktop trading platform
3.4
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Outdated design
  • Search function could be improved
markets and products
1.5
  • Forex
  • CFD
2.3
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
research
3.5
  • Trading ideas
  • User-friendly
  • 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
4.5
  • Live chat
  • Relevant answers
  • Available in local languages
  • No 24/7 support
4.5
  • Phone support
  • Live chat
  • No email support
education
4.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No webinars
3.5
  • Trading platform tutorial
  • Educational videos
  • No demo account
  • Negative balance protection
  • Regulated by top-tier FCA
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Banking background
  • No negative balance protection
recommended for Forex and CFD traders looking for a broker with great account opening and familiar with MetaTrader platform Investors and traders who looking for low fees, quick account opening, and simple platforms
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