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Comparison AvaTrade vs Merrill Edge
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare AvaTrade vs Merrill Edge. Which of them: AvaTrade or Merrill Edge a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. The commission fee of AvaTrade on regular transactions of the stock exchange is average 0.13%, and Merrill Edge has a commission fee of $6.95. Let’s analyze the commission fees on trading options. AvaTrade has a commission fee of spreads Vary, Merrill Edge has a commission fee of $6.95 + $0.75. You can read more detailed information on commission fees in the online broker reviews.
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 AvaTrade provides customers with Stocks Trading, Options Trading, ETFs Trading, Bonds Trading, Forex Trading, Crypto 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, AvaTrade 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. AvaTrade was established in 2006 in Ireland, and it is regulated by Central Bank of Ireland. And Merrill Edge was established in 2010 in USA, and it is regulated by SEC, FINRA. Withdrawal of funds from AvaTrade can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of free. And Merrill Edge provides the ability to withdraw funds using Bank Wire, Visa/Mastercard with a withdrawal fee of $0 (Visa Debit Card). The time for withdrawal in AvaTrade is 1 - 2 business days, and that one in Merrill Edge is immediate (Bank Wire).
As a result, the rating of AvaTrade is 4.8 stars versus that of Merrill Edge of 4.1 stars.