Compare Interactive Investor vs Merrill Edge


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

Interactive Investor vs Merrill Edge
overall rating
4.6
4.8
overall pros
  • User-friendly web trading platform
  • Fast and easy deposit and withdrawal
  • Great customer service
  • Low trading fees
  • Easy and seamless account opening
  • Strong parent company
overall cons
  • Limited product portfolio
  • Basic charting and analytic tools
  • Monthly account fee
  • Limited to US clients and products
  • No demo account
  • Limited options to deposit/withdraw
fees
3.3
  • Low fund fees
  • Regular investments are free
  • Monthly account fee
4.4
  • Low trading fees
  • Low non-trading fees
  • Low stock and ETF fees
  • High financing rate
account opening
5.0
  • Fast
  • Fully digital
  • No minimum deposit
  • Only UK residents accepted
5.0
  • Fast
  • Fully digital
  • No minimum deposit
  • Only US clients are accepted
deposit and withdrawal
3.8
  • Credit/Debit card available
  • No deposit fee
  • Free withdrawal in GBP or EUR
  • No credit/Debit card 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
3.8
  • User-friendly
  • Clear fee report
  • Good search function
  • No 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
2.6
  • Good search function
  • Touch/Face ID login
  • Order confirmation
  • 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
2.3
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
research
3.0
  • Trading ideas
  • User-friendly
  • Technical Insights for some stocks
  • Limited interactive charting
4.0
  • Trading ideas
  • Data on asset fundamentals
  • Quality news flow
  • Limited interactive charting
  • No/limited set of analytic tools
customer service
3.9
  • Phone support
  • Fast response time
  • Relevant answers
  • No live chat
  • No 24/7 support
4.5
  • Phone support
  • Live chat
  • No email support
education
4.5
  • 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
  • High level of investor protection
  • Financial information is publicly available
  • Does not hold a banking license
  • Not listed on stock exchange
  • 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 investors focusing on the UK market Investors and traders who looking for low fees, quick account opening, and simple platforms
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