Merrill Edge
VT Markets
*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 Forex traders familiar with the MetaTrader trading platforms
USA
Australia
Fees
Low trading and non-trading fees, high fund fees
Low forex fees, but high CFD fees
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
5
Deposit type
Withdrawal type
Account opening
$0
$200
1 day
1 day
None for those with an IP address in the US; for those that don't--2 utility bills, drivers license, passport
Proof of identity: passport, national ID Proof of residency: utility bill, bank statement, residence certificate
Trading platform
Markets and products
Disclaimer: 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Research, education
Mid-range
Mid-range
Customer service
Security
$500,000 (securities up to $500,000, cash up to $250,000)
No protection
2010
2016
USA
Cayman Islands, Australia
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 slightly better than VT Markets's and a comparison of their fees shows that Merrill Edge's fees are slightly lower than VT Markets's.
Account opening takes about the same effort at Merrill Edge compared to VT Markets, deposit and withdrawal processes are more complicated at Merrill Edge, while customer service quality is somewhat lower than VT Markets's.
Our experts rated the trading platform of Merrill Edge as somewhat better than the platform of VT Markets, found that clients have access to slightly more markets and products with Merrill Edge, while VT Markets provides somewhat better research and education.