Online brokers compared for fees, trading platforms, safety and more. See how Interactive Investor stacks up against Merrill Edge!
Last update of data—Dec 2022
Interactive Investor is a UK-based investment service provider. It is regulated by the top-tier FCA.
Merrill Edge is a US-based broker owned by Bank of America (BofA). It is regulated by the top-tier SEC and FINRA; BofA is listed on the NYSE.
Recommended for beginners and investors focusing on the UK market.
Recommended for investors and traders looking for low fees, quick account opening and simple platforms.
Interactive Investor
Interactive Investor is a UK-based investment service provider. It is regulated by the top-tier FCA.
Recommended for beginners and investors focusing on the UK market.
Merrill Edge
Merrill Edge is a US-based broker owned by Bank of America (BofA). It is regulated by the top-tier SEC and FINRA; BofA is listed on the NYSE.
Recommended for investors and traders looking for low fees, quick account opening and simple platforms.
Interactive Investor's service is on par with Merrill Edge's and a comparison of their fees shows that Interactive Investor's fees are slightly higher than Merrill Edge's.
Account opening takes about the same effort at Interactive Investor compared to Merrill Edge, deposit and withdrawal processes are more seamless at Interactive Investor, while customer service quality is lower than Merrill Edge's.
Our experts rated the trading platform of Interactive Investor as somewhat worse than the platform of Merrill Edge, found that clients have access to slightly more markets and products with Interactive Investor, while Merrill Edge provides somewhat better research and education.
Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.
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