Compare Merrill Edge vs TradeStation


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

Merrill Edge vs TradeStation
overall rating
4.8
4.7
overall pros
  • Low trading fees
  • Easy and seamless account opening
  • Strong parent company
  • Great web and mobile trading platform
  • Low stock and ETF fees
  • High-quality educational tools
overall cons
  • Limited to US clients and products
  • No demo account
  • Limited options to deposit/withdraw
  • Not user-friendly deposit and withdrawal
  • No forex trading
  • Okayish customer service
fees
4.4
  • Low trading fees
  • Low non-trading fees
  • Low stock and ETF fees
  • High financing rate
4.1
  • Low trading fees
  • Low stock and ETF fees
  • Multiple fee structures to choose from
  • Withdrawal fee
  • Non-trading fees can be high
account opening
5.0
  • Fast
  • Fully digital
  • No minimum deposit
  • Only US clients are accepted
5.0
  • Fast
  • Fully digital
  • User-friendly
  • Only USD accounts (unless you trade futures)
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
2.3
  • No deposit fee
  • Deposit and withdrawal in cryptocurrencies
  • Credit/Debit card not available
  • High fee for wire withdrawal
  • Only USD accounts (unless you trade futures)
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
  • No price alerts
mobile trading platform
4.8
  • User-friendly
  • Two-step (safer) login
  • Touch/Face ID login
  • Poor search function
4.8
  • User-friendly
  • Two-step (safer) login
  • Good variety of order types
  • Limited search functions
desktop trading platform
2.5
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Two-step (safer) login
  • Not user-friendly
  • Poor search function
  • Poor design
markets and products
2.3
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
2.7
  • Stock
  • ETF
  • Fund
  • Options
  • Futures
  • Crypto
research
4.0
  • Trading ideas
  • Data on asset fundamentals
  • Quality news flow
  • Limited interactive charting
  • No/limited set of analytic tools
4.3
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Many add-on research tools are not free
customer service
4.5
  • Phone support
  • Live chat
  • No email support
2.5
  • Phone support
  • Live chat
  • No 24/7 support
education
3.5
  • Trading platform tutorial
  • Educational videos
  • No demo account
5.0
  • Demo account
  • Trading platform tutorial
  • 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
  • High level of investor protection
  • Financial information is publicly available
  • Parent company listed on stock exchange
  • No negative balance protection
  • Does not hold a banking license
recommended for Investors and traders who looking for low fees, quick account opening, and simple platforms Traders focusing on US markets and buy-and-hold investing
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