Compare Merrill Edge vs Passfolio


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

Merrill Edge vs Passfolio
overall rating
4.8
4.1
overall pros
  • Low trading fees
  • Easy and seamless account opening
  • Strong parent company
  • Free US stock and ETF trading
  • Great mobile platform
  • Fast and fully digital account opening
overall cons
  • Limited to US clients and products
  • No demo account
  • Limited options to deposit/withdraw
  • Limited product portfolio focusing on US markets
  • Deposit is not user-friendly
  • Missing web and desktop platforms
fees
4.4
  • Low trading fees
  • Low non-trading fees
  • Low stock and ETF fees
  • High financing rate
5.0
  • Free stock and ETF trading for products priced above $5
  • No account opening and maintenance fees
account opening
5.0
  • Fast
  • Fully digital
  • No minimum deposit
  • Only US clients are accepted
5.0
  • Fully digital
  • No minimum deposit
  • Verification in 15 minutes
  • Verification can be buggy on desktop
deposit and 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
1.5
  • No deposit fee
  • Credit/Debit card not available
  • Only one account base currency
  • Not user-friendly
web trading platform
4.3
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
mobile trading platform
4.8
  • User-friendly
  • Two-step (safer) login
  • Touch/Face ID login
  • Poor search function
4.2
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • Limited order types
  • No price alerts
desktop trading platform
markets and products
2.3
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
2.0
  • Stock
  • ETF
  • Crypto
research
4.0
  • Trading ideas
  • Data on asset fundamentals
  • Quality news flow
  • Limited interactive charting
  • No/limited set of analytic tools
1.5
  • User-friendly
  • Limited interactive charting
  • No trading ideas
  • No fundamental data available
customer service
4.5
  • Phone support
  • Live chat
  • No email support
3.5
  • Relevant answers
  • Fast email support
  • No 24/7 support
  • Couldn't reach phone support on multiple occasions
education
3.5
  • Trading platform tutorial
  • Educational videos
  • No demo account
2.5
  • Quality educational texts
  • No demo account
  • No trading platform tutorial videos
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Banking background
  • No negative balance protection
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
recommended for Investors and traders who looking for low fees, quick account opening, and simple platforms Beginners and long-term investors focusing on the US stock market
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