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
4.8
4.4
overall pros
  • Low trading fees
  • Easy and seamless account opening
  • Strong parent company
  • Easy-to-use platform
  • Low CFD fees
  • Great account opening
overall cons
  • Limited to US clients and products
  • No demo trading
  • Limited options to deposit/withdraw from accounts
  • Limited product range, only CFDs
  • Minimal research tools
  • Mediocre educational section
fees
4.4
  • Low trading fees
  • Low non-trading fees
  • Low stock and ETF fees
  • High financing rate
3.6
  • Low trading fees
  • No withdrawal fee
  • Inactivity fee
account opening
5.0
  • Fast
  • Fully digital
  • No minimum deposit
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
  • No deposit fee
  • Five withdrawals per month free
web trading platform
4.3
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
4.4
  • 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
4.9
  • 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
2.8
  • Good interactive chart
  • User-friendly
  • 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
2.5
  • Demo account
  • Educational videos
  • No trading platform tutorial videos
  • No webinars
  • No educational articles
  • 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
  • Negative balance protection
  • 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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