Online brokers compared for fees, trading platforms, safety and more. See how Merrill Edge stacks up against Webull!
Last update of data—Dec 2022
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.
Webull is a discount US stockbroker regulated by the top-tier US SEC and FINRA as well as the Hong Kong SFC.
Recommended for investors and traders looking for low fees, quick account opening and simple platforms.
Recommended for investors and traders looking for zero-commission trading and easy platforms.
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.
Webull
Webull is a discount US stockbroker regulated by the top-tier US SEC and FINRA as well as the Hong Kong SFC.
Recommended for investors and traders looking for zero-commission trading and easy platforms.
Merrill Edge's service is on par with Webull's and a comparison of their fees shows that Merrill Edge's fees are similar to Webull's.
Account opening takes about the same effort at Merrill Edge compared to Webull, deposit and withdrawal processes are about the same quality at Merrill Edge, while customer service quality is somewhat better than Webull's.
Our experts rated the trading platform of Merrill Edge as somewhat worse than the platform of Webull, found that clients have access to about the same number of markets and products with Merrill Edge, while Webull provides somewhat better research and education.
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