Compare Interactive Brokers vs Merrill Edge


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

Interactive Brokers vs Merrill Edge
overall rating
4.9
4.8
overall pros
  • Low trading fees
  • Wide range of products
  • Many great research tools
  • Low trading fees
  • Easy and seamless account opening
  • Strong parent company
overall cons
  • Complicated account opening process
  • Complex desktop trading platform
  • High inactivity fee
  • Limited to US clients and products
  • No demo trading
  • Limited options to deposit/withdraw from accounts
fees
4.3
  • Low trading fees
  • Low stock and ETF fees
  • Free stock and ETF trading for US clients
  • Low margin rates
  • Inactivity fee
4.4
  • Low trading fees
  • Low non-trading fees
  • Low stock and ETF fees
  • High financing rate
account opening
3.4
  • Fully digital
  • No minimum deposit for most account types
  • Not user-friendly
  • Confusing messages throughout the process
5.0
  • Fast
  • Fully digital
  • No minimum deposit
deposit and withdrawal
2.5
  • No deposit fee
  • Several account base currencies
  • First withdrawal each month free
  • Credit/Debit card not available
  • Not user-friendly
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
4.3
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
4.3
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
mobile trading platform
3.5
  • Two-step (safer) login
  • Good search function
  • Good variety of order types
  • User interface is a bit complex
4.8
  • User-friendly
  • Two-step (safer) login
  • Touch/Face ID login
  • Poor search function
desktop trading platform
3.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Not user-friendly
  • Poor search function
  • Too complex for beginners
markets and products
5.0
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
  • Warrants
  • Structured Products
2.3
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
research
3.5
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Not user-friendly
4.0
  • Trading ideas
  • Data on asset fundamentals
  • Quality news flow
  • Limited interactive charting
  • No/limited set of analytic tools
customer service
4.4
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
4.5
  • Phone support
  • Live chat
  • No email support
education
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Courses only available after registration
3.5
  • Trading platform tutorial
  • Educational videos
  • No demo account
  • Listed on stock exchange
  • Negative balance protection
  • Regulated by top-tier financial authorities
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Banking background
  • No negative balance protection
recommended for Traders looking for low fees and a professional trading environment Investors and traders who looking for low fees, quick account opening, and simple platforms
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