Compare IG vs Merrill Edge


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

IG vs Merrill Edge
overall rating
4.5
4.8
overall pros
  • First-class web trading platform
  • Superb educational tools
  • Great deposit and withdrawal options
  • Low trading fees
  • Easy and seamless account opening
  • Strong parent company
overall cons
  • High forex and stock CFD fees
  • Limited product portfolio
  • Slow customer support
  • Limited to US clients and products
  • No demo account
  • Limited options to deposit/withdraw
fees
2.7
  • No withdrawal fee
  • Inactivity fee charged only after 2 years
  • High forex fees
  • High stock CFD trading fees
4.4
  • Low trading fees
  • Low non-trading fees
  • Low stock and ETF fees
  • High financing rate
account opening
4.4
  • Fully digital
  • Low minimum deposit
  • No minimum deposit for bank transfer
  • Slower account opening
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
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
5.0
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
4.3
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
mobile trading platform
5.0
  • User-friendly
  • Good search function
  • Touch/Face ID login
4.8
  • User-friendly
  • Two-step (safer) login
  • Touch/Face ID login
  • Poor search function
desktop trading platform
markets and products
4.0
  • ETF
  • Forex
  • Options
  • CFD
  • Crypto
  • Stocks in some countries
  • Robo-advisory in UK
  • IPOs
2.3
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
research
3.5
  • Good interactive chart
  • 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
3.6
  • Phone support
  • Relevant answers
  • No 24/7 support
  • Live chat is often offline
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
  • Majority of clients belong to a top-tier financial authority
  • Listed on stock exchange
  • Negative balance protection
  • 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 Traders of any experience level looking for an easy-to-use trading platform Investors and traders who looking for low fees, quick account opening, and simple platforms
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