Compare FXTM vs Merrill Edge


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

FXTM vs Merrill Edge
overall rating
4.2
4.8
overall pros
  • Superb customer service
  • Great educational tools
  • Digital and fast account opening
  • Low trading fees
  • Easy and seamless account opening
  • Strong parent company
overall cons
  • High stock CFD fees
  • Inactivity and withdrawal fees
  • Limited product portfolio
  • Limited to US clients and products
  • No demo trading
  • Limited options to deposit/withdraw from accounts
fees
3.3
  • Low fees for stock index CFDs
  • Low EURCHF and EURGBP fees
  • High non-trading fees
  • Withdrawal fee
  • High stock CFD fees
4.4
  • Low trading fees
  • Low non-trading fees
  • Low stock and ETF fees
  • High financing rate
account opening
5.0
  • Fast
  • Fully digital
  • User-friendly
5.0
  • Fast
  • Fully digital
  • No minimum deposit
deposit and withdrawal
4.0
  • Credit/Debit card available
  • No deposit fee
  • Quick deposit and withdrawal - within 3 days
  • Most of the withdrawal options have a fee
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
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
3.3
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
markets and products
2.4
  • Stock
  • Forex
  • CFD
  • Crypto
2.3
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
research
3.8
  • Quality news flow
  • User-friendly
  • Technical analysis-based 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
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
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
  • 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 traders familiar with the MetaTrader 4 platform Investors and traders who looking for low fees, quick account opening, and simple platforms
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