Compare Merrill Edge vs XTB


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

Merrill Edge vs XTB
overall rating
4.7
4.7
overall pros
  • Low trading fees
  • Easy and seamless account opening
  • Strong parent company
  • Low forex fees
  • Free and fast deposit and withdrawal
  • Easy and fast account opening
overall cons
  • Limited to US clients and products
  • No demo account
  • Limited options to deposit/withdraw
  • High fees for stock CFDs
  • Product portfolio limited mostly to CFDs and FX
  • Limited fundamental data
fees
4.4
  • Low trading fees
  • Low non-trading fees
  • Low stock and ETF fees / Free stock trading
  • High financing rate
3.8
  • Low forex fees
  • Free withdrawal for transfers above $100
  • High stock CFD fees
account opening
5.0
  • Fast
  • Fully digital
  • No minimum deposit
  • Only US clients are accepted
5.0
  • Fast
  • Fully digital
  • No minimum deposit
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
4.5
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Few minor account currencies accepted
web trading platform
4.3
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
4.4
  • User-friendly
  • Clear fee report
  • Good search function
  • No two-step (safer) login
mobile trading platform
4.8
  • User-friendly
  • Two-step (safer) login
  • Touch/Face ID login
  • Poor search function
4.4
  • User-friendly
  • Price alerts
  • Modern design
  • No two-step (safer) login
desktop trading platform
4.4
  • User-friendly
  • Clear fee report
  • Good customizability (for charts, workspace)
  • No two-step (safer) login
markets and products
2.3
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
2.8
  • Stock
  • ETF
  • Forex
  • CFD
  • Crypto
  • Real stocks and ETFs (only for some European clients)
research
4.0
  • Trading ideas
  • Data on asset fundamentals
  • Quality news flow
  • Limited interactive charting
  • No/limited set of analytic tools
4.1
  • Good interactive chart
  • Quality news flow
  • User-friendly
  • Limited fundamental data
customer service
4.5
  • Phone support
  • Live chat
  • No email support
4.4
  • Phone support
  • Live chat
  • Fast response time
  • 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
  • Listed on stock exchange
  • Negative balance protection
  • Some clients regulated by top-tier FCA
  • Does not hold a banking license
recommended for Investors and traders who looking for low fees, quick account opening, and simple platforms Forex and CFD traders looking for low fees and great deposit/withdrawal service
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