Compare Hargreaves Lansdown vs Merrill Edge


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

Hargreaves Lansdown vs Merrill Edge
overall rating
4.4
4.8
overall pros
  • Easy-to-use trading platforms
  • High-quality educational tools
  • Great customer service
  • Low trading fees
  • Easy and seamless account opening
  • Strong parent company
overall cons
  • High fees for stocks and ETFs
  • Offline account opening for clients outside the UK
  • Only GBP base currency
  • Limited to US clients and products
  • No demo account
  • Limited options to deposit/withdraw
fees
2.7
  • Low non-trading fees
  • No withdrawal fee
  • Low fees for funds and bonds
  • High stock and ETF fees
  • Currency conversion fee
4.4
  • Low trading fees
  • Low non-trading fees
  • Low stock and ETF fees
  • High financing rate
account opening
4.4
  • Fast
  • No minimum deposit
  • Fully digital for UK clients
  • Offline account opening for non-UK clients
5.0
  • Fast
  • Fully digital
  • No minimum deposit
  • Only US clients are accepted
deposit and withdrawal
3.8
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Only one account base currency
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
3.7
  • User-friendly
  • Clear fee report
  • Good search function
  • No two-step (safer) login
  • Limited customizability (for charts, workspace)
  • Charting is extremely slow
4.3
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
mobile trading platform
3.9
  • User-friendly
  • Good search function
  • Touch/Face ID login
  • No two-step (safer) login
  • No price alerts
4.8
  • User-friendly
  • Two-step (safer) login
  • Touch/Face ID login
  • Poor search function
desktop trading platform
markets and products
3.0
  • Stock
  • ETF
  • Fund
  • Bond
  • Portfolio+ Venture Capital Trust
2.3
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
research
3.8
  • Trading ideas
  • Data on asset fundamentals
  • User-friendly
  • Only basic charting and analytics tools
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
  • Fast response time
  • Relevant answers
  • No live chat
  • No 24/7 support
4.5
  • Phone support
  • Live chat
  • No email support
education
4.0
  • Trading platform tutorial
  • Educational videos
  • Demo account only on mobile
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
  • Listed on stock exchange
  • Does not hold a banking license
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Banking background
  • No negative balance protection
recommended for Beginners and buy-and-hold investors looking for great customer service and easy-to-use trading platforms Investors and traders who looking for low fees, quick account opening, and simple platforms
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