Merrill Edge
Vanguard
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Basic data of broker
Recommended for Investors and traders looking for low fees, quick account opening and simple platforms
Recommended for Long-term investors looking for great ETF and mutual fund selection
USA
USA
Fees
Low trading and non-trading fees, high fund fees
Average trading fees, low non-trading fees, free stock and ETF trading
Stock and ETF fees
Forex fees
Fund fees
Bond fees
Options fees
Futures fees
Crypto fees
CFD fees
Non-trading fees
Deposit and withdrawal
1
1
Deposit type
Withdrawal type
Account opening
$0
$0
1 day
1-3 days
None for those with an IP address in the US; for those that don't--2 utility bills, drivers license, passport
Proof of identity: SSN / passport / national ID card / driver's license
Trading platform
Markets and products
Research, education
Mid-range
Poor
Customer service
Security
$500,000 (securities up to $500,000, cash up to $250,000)
$500,000 (securities up to $500,000, cash up to $250,000)
2010
1975
USA
USA
For detailed information and hands-on experience, read our review of this broker.
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.
Merrill Edge's service is on par with Vanguard's and a comparison of their fees shows that Merrill Edge's fees are similar to Vanguard's.
Account opening takes somewhat less effort at Merrill Edge compared to Vanguard, deposit and withdrawal processes are about the same quality at Merrill Edge, while customer service quality is somewhat lower than Vanguard's.
Our experts rated the trading platform of Merrill Edge as somewhat better than the platform of Vanguard, found that clients have access to about the same number of markets and products with Merrill Edge, while Vanguard provides somewhat lower-quality research and education.
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