Merrill Edge vs moomoo compared

Merrill Edge
moomoo

Merrill Edge

Key score differences
We took 8 criteria of our comparison (fee, account opening, customer service, markets&product, research, trading platform, deposit&withdrawal) and listed the angles with the greatest difference here below.
  • Research score4.0/5.0
  • Customer service score4.0/5.0
  • Account opening score5.0/5.0
Good to know
Recommended for
  • beginners 4.20/5
  • equity 4.37/5
You can open an account at Merrill Edge

moomoo

Key score differences
We took 8 criteria of our comparison (fee, account opening, customer service, markets&product, research, trading platform, deposit&withdrawal) and listed the angles with the greatest difference here below.
  • Research score5.0/5.0
  • Customer service score5.0/5.0
  • Account opening score4.2/5.0
Good to know
Recommended for
  • beginners 4.41/5
  • equity 4.26/5
You can open an account at moomoo
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*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Basic data of broker

Overall Score
4.8

Recommended for Investors and traders looking for low fees, quick account opening and simple platforms

Overall Score
4.7

Recommended for Investors and traders looking for zero-commission trading and focusing on US markets.

Country of origin

USA

Country of origin

USA

Fees

Fees score
4.4
Fees score
4.7
Fees summary

Low trading and non-trading fees, high fund fees

Fees summary

Low trading and non-trading 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

Deposit and withdrawal score
2.2
Deposit and withdrawal score
1.9
Number of base currencies

1

Number of base currencies

1

Deposit type

Withdrawal type

Account opening

Account opening score
5.0
Account opening score
4.2
Account opening fully online
Account opening fully online
Minimum deposit
*

$0

*
Minimum deposit
*

$0

*
Time to open account

1 day

Time to open account

1-3 days

Required documents

None for those with an IP address in the US; for those that don't--2 utility bills, drivers license, passport

Required documents

Proof of identity: social security number Proof of residency: bank statement / utility bill / rental statement

Trading platform

Web platform score
4.3
Web platform score
-
Mobile platform score
4.8
Mobile platform score
4.5
Desktop platform score
4.3
Desktop platform score
4.5

Markets and products

Markets and products score
2.5
Markets and products score
2.4
Stocks
Stocks
Fractional shares
Fractional shares
ETFs
ETFs
Forex
Forex
Funds
Funds
Bonds
Bonds
Options
Options
Futures
Futures
Crypto
Crypto
CFDs
CFDs

Research, education

Research score
4.0
Research score
5.0
Charting quality

Mid-range

Charting quality

Great

Education score
3.5
Education score
5.0
Demo account
Demo account

Customer service

Customer service score
4.0
Customer service score
5.0
Phone
Phone
Live chat
Live chat
Email
Email
24/7 availability
24/7 availability

Security

Investor protection amount

$500,000 (securities up to $500,000, cash up to $250,000)

Investor protection amount

$500,000 (securities up to $500,000, cash up to $250,000)

Banking background
Banking background
Listed on stock exchange
Listed on stock exchange
Foundation date

2010

Foundation date

2018

Country of regulation

USA

Country of regulation

USA, Singapore

Merrill Edge

For detailed information and hands-on experience, read our review of this broker.

moomoo

For detailed information and hands-on experience, read our review of this broker.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

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 on par with moomoo's and a comparison of their fees shows that Merrill Edge's fees are similar to moomoo's.

Account opening takes somewhat less effort at Merrill Edge compared to moomoo, deposit and withdrawal processes are about the same quality at Merrill Edge, while customer service quality is somewhat lower than moomoo's.

Our experts rated the trading platform of Merrill Edge as being of the same quality as the platform of moomoo, found that clients have access to about the same number of markets and products with Merrill Edge, while moomoo provides somewhat better research and education.

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