Basic data of broker
Recommended for Investors and traders looking for low fees, quick account opening and simple platforms
Recommended for Forex and CFD traders familiar with the MetaTrader trading platforms
USA
Australia
Fees
Low trading and non-trading fees, high fund fees
Low forex, but high stock CFD fees
Stock and ETF fees
Forex fees
Fund fees
Bond fees
Options fees
Futures fees
Crypto fees
CFD fees
Non-trading fees
Deposit and withdrawal
1
10
Deposit type
Withdrawal type
Account opening
$0
$50
1 day
1 day
None for those with an IP address in the US; for those that don't--2 utility bills, drivers license, passport
Proof of identity: national ID / passport / driver's license Proof of residency: bank statement / utility bill / driver's license / credit card statement
Trading platform
Markets and products
Disclaimer: 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Research, education
Mid-range
Great
Customer service
Security
$500k (securities up to $500k, cash up to $250k)
No investor protection
$500k (securities up to $500k, cash up to $250k)
No investor protection
2010
2020
USA
Vanuatu, but Vantage Group has regulation in Australia, UK, Cayman Islands
For detailed information and hands-on experience, read our review of this broker.
For detailed information and hands-on experience, read our review of this broker.
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.
Merrill Edge's service is slightly better than Moneta Markets's and a comparison of their fees shows that Merrill Edge's fees are slightly lower than Moneta Markets's.
Account opening takes about the same effort at Merrill Edge compared to Moneta Markets, deposit and withdrawal processes are considerably more complicated at Merrill Edge, while customer service quality is somewhat lower than Moneta Markets's.
Our experts rated the trading platform of Merrill Edge as somewhat better than the platform of Moneta Markets, found that clients have access to about the same number of markets and products with Merrill Edge, while Moneta Markets provides somewhat better research and education.
More alternatives to Merrill Edge and Moneta Markets