Compare IC Markets vs Merrill Edge


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

IC Markets vs Merrill Edge
overall rating
4.4
4.8
overall pros
  • Low forex fees
  • Easy and fast account opening
  • Free deposit and withdrawal
  • Low trading fees
  • Easy and seamless account opening
  • Strong parent company
overall cons
  • Limited product selection
  • Slow live chat support
  • No investor protection for non-EU clients
  • Limited to US clients and products
  • No demo account
  • Limited options to deposit/withdraw
fees
4.1
  • Low trading fees
  • Low non-trading fees
  • Low forex fees
  • High financing rate for CFDs
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
4.9
  • Credit/Debit card available
  • No deposit fee
  • Several account base currencies
  • AUD 20 fee for international bank withdrawal
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
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
  • Poor design
markets and products
1.8
  • Forex
  • CFD
  • Crypto
2.3
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
research
3.8
  • Trading ideas
  • Quality news flow
  • 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
3.6
  • Phone support
  • Live chat
  • Fast response time
  • Slow and not useful live chat
4.5
  • Phone support
  • Live chat
  • No email support
education
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Videos are hard to find on the site
3.5
  • Trading platform tutorial
  • Educational videos
  • No demo account
  • Long track record
  • Negative balance protection for EU customers
  • 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 who value easy account opening and free deposit/withdrawal options Investors and traders who looking for low fees, quick account opening, and simple platforms
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