Comparison Ally Invest vs Merrill Edge
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare Ally Invest vs Merrill Edge. Which of them: Ally Invest or Merrill Edge a better online broker?
First of all, we’ll compare the commission fees of the two brokers. Ally Invest has a commission fee of $4.95, and Merrill Edge has a commission fee of $6.95. When analyzing trading options, the commission fees of Ally Invest is $4.95 + $0.65 per contract, and that one of Merrill Edge is $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 Ally Invest provides customers with Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading, Robo Advisor, and Merrill Edge provides customers with Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading. As for platforms, Ally Invest offers Web Platform, 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. Ally Invest was established in 2005 in United States, and it is regulated by CFTC, NFA. And Merrill Edge was established in 2010 in USA, and it is regulated by SEC, FINRA. We can withdraw funds from Ally Invest with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is $0. 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 Ally Invest is 3-5 days, and that one in Merrill Edge is immediate (Bank Wire).
Overall, Ally Invest boasts 3.7 stars versus Merrill Edge 4.1 stars.