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Interactive Brokers's service is on par with Merrill Edge's and a comparison of their fees shows that Interactive Brokers's fees are similar to Merrill Edge's.
Account opening takes more effort at Interactive Brokers compared to Merrill Edge, deposit and withdrawal processes are more seamless at Interactive Brokers, while customer service quality is similar to Merrill Edge's.
Our experts rated the trading platform of Interactive Brokers as somewhat worse than the platform of Merrill Edge, found that clients have access to much more markets and products with Interactive Brokers, while Merrill Edge provides somewhat lower-quality research and education.
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