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Comparison 24option vs Merrill Edge

A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare 24option vs Merrill Edge. Which of them: 24option or Merrill Edge a better online broker?

Firstly, let’s compare commission fees provided by these brokers for regular transactions. Let’s analyze the commission fees on trading options. 24option has a commission fee of €10 fee per month, Merrill Edge has a commission fee of $6.95 + $0.75. The full online broker reviews contains more detailed information on the brokers’ commission fees.

Investors should always know about types of online trading supported by broker and about tools provided by them in trading. It is very important information as well. Let’s compare them. are 24option provides customers with Stocks Trading, Forex Trading, Crypto Trading, and Merrill Edge provides customers with Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading. As for platforms, 24option offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, MT4, Android App, iOS App, while Merrill Edge offers Web Platform, Android App, iOS App.

In conclusion, when comparing the two online brokers, we should pay our attention to the year and country of foundation, the regulatory authorities and ways to withdraw funds. 24option was established in 2009 in Cyprus, and it is regulated by CySEC, IFSC. And Merrill Edge was established in 2010 in USA, and it is regulated by SEC, FINRA. We can withdraw funds from 24option with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is $35. And Merrill Edge provides the ability to withdraw funds with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is $0 (Visa Debit Card). The time for withdrawal in 24option is 5 - 10 business days, and that one in Merrill Edge is immediate (Bank Wire).

As a result, the rating of 24option is 3.9 stars versus that of Merrill Edge of 4.1 stars.

Overall Rating

 
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education
 
24option
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education
Merrill Edge
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education

Fees

Fees
Stock
ETFs
Options
Mutual Funds
Bonds
24option
Stock
N/A
ETFs
N/A
Options
€10 fee per month
Mutual Funds
N/A
Bonds
N/A
Merrill Edge
Stock
$6.95
ETFs
$6.95
Options
$6.95 + $0.75
Mutual Funds
No Transaction Fee
Bonds
$1 Per Bond ($10 min)

Types of trading

Types of trading
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Forex Trading
Crypto Trading
24option
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Forex Trading
Crypto Trading
Merrill Edge
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Forex Trading
Crypto Trading

Platforms

Platforms
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
MT4
24option
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
MT4
Merrill Edge
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
MT4

Tools

Tools
Research & Analysis
Education
Demo account
24option
Research & Analysis
Education
Demo account
Merrill Edge
Research & Analysis
Education
Demo account

Mobile App

Mobile App
Android App
iOS App
24option
Android App
iOS App
Merrill Edge
Android App
iOS App

Deposits

Deposits
Minimum deposit
Bank Wire
Visa/Mastercard
24option
Minimum deposit
$250
Bank Wire
Visa/Mastercard
Merrill Edge
Minimum deposit
None
Bank Wire
Visa/Mastercard

Withdrawals

Withdrawals
Bank Wire
Visa/Mastercard
Withdrawal Time
Withdrawal Fee
24option
Bank Wire
Visa/Mastercard
Withdrawal Time
5 - 10 business days
Withdrawal Fee
$35
Merrill Edge
Bank Wire
Visa/Mastercard
Withdrawal Time
Immediate (Bank Wire)
Withdrawal Fee
$0 (Visa Debit Card)

Security & Fairness

Security & Fairness
Сountry of Origin
Year Founded
Regulated By
24option
Сountry of Origin
Cyprus
Year Founded
2009
Regulated By
CySEC, IFSC
Merrill Edge
Сountry of Origin
USA
Year Founded
2010
Regulated By
SEC, FINRA

Customer Service

Customer Service
Phone
Email
Live Chat
 
24option
Phone
+44 161 960 0200
Email
info.int@24option.com
Live Chat
Yes
Merrill Edge
Phone
Yes
Email
Yes
Live Chat
No

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