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Comparison Binomo vs Merrill Edge
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare Binomo vs Merrill Edge. Which of them: Binomo 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. Binomo has a commission fee of none, 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.
It is important for investors to know what types of online trading broker supports and what tools they can use for trading. Let’s compare them. Options Trading are provided to customers by Binomo and Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading are provided by Merrill Edge. As for platforms, Binomo offers Web Platform, Android App, iOS App, while Merrill Edge offers Web Platform, Android App, iOS App.
Finally, by comparing the two online brokers, we want to pay attention to the year and country of establishing, the regulatory authorities and the possibility of withdrawing funds. Binomo was established in 2014 in Seychelles, and it is regulated by International Financial Commission. And Merrill Edge was established in 2010 in USA, and it is regulated by SEC, FINRA. We can withdraw funds from Binomo with the help of Bank Wire, Visa/Mastercard, Cryptocurrency, and its withdrawal fee is free. 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 withdrawal time for Binomo is within 3 business days, and that one for Merrill Edge is immediate (Bank Wire).
As a result, the rating of Binomo is 3.9 stars versus that of Merrill Edge of 4.1 stars.