Compare Merrill Edge vs Zerodha


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

Merrill Edge vs Zerodha
overall rating
4.8
4.2
overall pros
  • Low trading fees
  • Easy and seamless account opening
  • Strong parent company
  • Low fees
  • Great trading platforms
  • Solid research
overall cons
  • Limited to US clients and products
  • No demo trading
  • Limited options to deposit/withdraw from accounts
  • Slow account opening process
  • Only Indian market covered
  • No investor protection
fees
4.4
  • Low trading fees
  • Low non-trading fees
  • Low stock and ETF fees
  • High financing rate
4.8
  • Low trading fees
  • Low non-trading fees
  • Low stock and ETF fees
  • INR 300 annual account fee
account opening
5.0
  • Fast
  • Fully digital
  • No minimum deposit
1.8
  • No minimum deposit
  • Slow
  • Not fully digital
  • Only Indian citizens can open an account
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
2.8
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • Only one account base currency
web trading platform
4.3
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
3.8
  • User-friendly
  • Clear fee report
  • Good search function
  • No two-step (safer) login
  • Limited customizability (for charts, workspace)
mobile trading platform
4.8
  • User-friendly
  • Two-step (safer) login
  • Touch/Face ID login
  • Poor search function
4.3
  • User-friendly
  • Good variety of order types
  • Price alerts
  • No two-step (safer) login
desktop trading platform
markets and products
2.3
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
2.0
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
research
4.0
  • Trading ideas
  • Data on asset fundamentals
  • Quality news flow
  • Limited interactive charting
  • No/limited set of analytic tools
4.5
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Fees charged for many research tools
customer service
4.5
  • Phone support
  • Live chat
  • No email support
3.9
  • Phone support
  • Fast response time
  • Relevant answers
  • No live chat
  • No 24/7 support
education
3.5
  • Trading platform tutorial
  • Educational videos
  • No demo account
3.5
  • Trading platform tutorial
  • Educational videos
  • No demo account
  • 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
  • No investor protection
  • 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 and investors (including beginners) focusing on the Indian market and looking for low fees
×