Compare Merrill Edge vs Plus500


Online brokers compared for fees, trading platforms, safety and more. See how Merrill Edge stacks up against Plus500!

Merrill Edge vs Plus500
overall rating
4.7
4.4
overall pros
  • Low trading fees
  • Easy and seamless account opening
  • Strong parent company
  • Easy-to-use platform
  • Great account opening
  • Quick and helpful customer support
overall cons
  • Limited to US clients and products
  • No demo account
  • Limited options to deposit/withdraw
  • Limited product range, only CFDs
  • Mediocre research tools
  • Average CFD fees
fees
4.4
  • Low trading fees
  • Low non-trading fees
  • Low stock and ETF fees / Free stock trading
  • High financing rate
3.0
  • Free withdrawal
  • Inactivity fee charged only if you don't log into the platform
  • Average CFD fees
account opening
5.0
  • Fast
  • Fully digital
  • No minimum deposit
  • Only US clients are accepted
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
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
5.0
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
web trading platform
4.3
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
4.5
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability for workspace
mobile trading platform
4.8
  • User-friendly
  • Two-step (safer) login
  • Touch/Face ID login
  • Poor search function
5.0
  • User-friendly
  • Two-step (safer) login
  • Good search function
desktop trading platform
markets and products
2.3
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
1.9
  • CFD
research
4.0
  • Trading ideas
  • Data on asset fundamentals
  • Quality news flow
  • Limited interactive charting
  • No/limited set of analytic tools
3.3
  • Good interactive chart
  • User-friendly
  • Market analysis
  • No trading ideas
  • No fundamental data available
  • No/poor quality news flow
customer service
4.5
  • Phone support
  • Live chat
  • No email support
5.0
  • Live chat
  • Relevant answers
  • 24/7 availability
  • No phone support
education
3.5
  • Trading platform tutorial
  • Educational videos
  • No demo account
3.5
  • Demo account
  • Educational videos
  • Educational articles
  • No webinars
  • Materials are not well-structured
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Banking background
  • No negative balance protection
  • Listed on stock exchange
  • Financial information is publicly available
  • Does not hold a banking license
recommended for Investors and traders who looking for low fees, quick account opening, and simple platforms Experienced traders looking for an easy-to-use platform and a great user experience
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