Merrill Edge vs Spreadex compared

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

Merrill Edge
Spreadex
Merrill Edge
4.7
Spreadex
4.4
64% of retail CFD accounts lose money

Last update of dataDec 2021

Merrill Edge

Merrill Edge is a US based broker owned by Bank of America (BofA). It is regulated by the top-tier SEC and Finra; BofA is listed on the NYSE.

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

Spreadex

Spreadex is a UK CFD and Forex broker. It is regulated by FCA and is available globally for clients.

Recommended for spread, Forex and CFD traders looking for low fees and great deposit/withdrawal options.

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

Account opening takes somewhat less effort at Merrill Edge compared to Spreadex, deposit and withdrawal processes are more complicated at Merrill Edge, while customer service quality is similar to Spreadex's.

Our experts rated the trading platform of Merrill Edge as being of the same quality as the platform of Spreadex, found that clients have access to slightly more markets and products with Merrill Edge, while Spreadex provides less useful research and education.

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

Basic data of broker

Overall Score
4.7

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

Overall Score
4.4

Recommended for Spread, Forex and CFD traders looking for low fees and great deposit/withdrawal options

Country of origin

USA

Country of origin

UK

Fees

Fees score
4.3
Fees score
4.3
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

CFD fees

Non-trading fees

Deposit and withdrawal

Deposit and withdrawal score
2.2
Deposit and withdrawal score
4.3
Number of base currencies

1

Number of base currencies

4

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: national ID / passport / driver's license Proof of residency: bank statement / utility bill

Trading platform

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

Markets and products

Markets and products score
2.4
Markets and products score
1.9
Stocks
Stocks
Fractional shares
Fractional shares
ETFs
ETFs
Forex
Forex
*
*
Funds
Funds
Bonds
Bonds
Options
Options
Futures
Futures
Crypto
Crypto
CFDs
CFDs
CFD disclaimer

Disclaimer: 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Research, education

Research score
3.9
Research score
2.1
Charting quality

Mid-range

Charting quality

Mid-range

Education score
3.5
Education score
1.3
Demo account
Demo account

Customer service

Customer service score
4.5
Customer service score
4.5
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

£85,000

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

2010

Foundation date

1999

Country of regulation

USA

Country of regulation

UK

Merrill Edge

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

Spreadex

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.

Brokers displayed might not be available in United States.

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