Compare Merrill Edge vs Rakuten Securities


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

Merrill Edge vs Rakuten Securities
overall rating
4.8
3.6
overall pros
  • Low trading fees
  • Easy and seamless account opening
  • Strong parent company
  • Low fees
  • Easy and fast account opening
  • Good mobile trading platform
overall cons
  • Limited to US clients and products
  • No demo trading
  • Limited options to deposit/withdraw from accounts
  • Limited product portfolio
  • Missing web trading platform
  • Poor customer service
fees
4.4
  • Low trading fees
  • Low non-trading fees
  • Low stock and ETF fees
  • High financing rate
4.0
  • Low trading fees
  • Low forex fees
  • No inactivity fee
  • High withdrawal fee for international bank transfers and electronic wallets
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
3.1
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • High withdrawal fee
  • Slow withdrawal - over 3 days
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
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • Available in several languages
  • No two-step (safer) login
  • No Touch/Face ID login
  • No order confirmation
desktop trading platform
3.3
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
markets and products
2.3
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
1.2
  • Forex
  • CFD
research
4.0
  • Trading ideas
  • Data on asset fundamentals
  • Quality news flow
  • Limited interactive charting
  • No/limited set of analytic tools
1.5
  • Trading ideas
  • No fundamental data available
  • No/poor quality news flow
customer service
4.5
  • Phone support
  • Live chat
  • No email support
0.5
  • No 24/7 support
  • Slow support
  • Irrelevant answers
education
3.5
  • Trading platform tutorial
  • Educational videos
  • No demo account
1.5
  • Demo account
  • No trading platform tutorial videos
  • No educational 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
  • Banking background
  • Parent company is listed on stock exchange
  • No investor protection
  • No negative balance protection
recommended for Investors and traders who looking for low fees, quick account opening, and simple platforms Forex traders looking for low fees and for those who prefer the MetaTrader 4 trading platform
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