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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.

Overall Rating

 
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education
 
Binomo
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
Binomo
Stock
N/A
ETFs
N/A
Options
None
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
Binomo
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Merrill Edge
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading

Platforms

Platforms
Web Platform
Binomo
Web Platform
Merrill Edge
Web Platform

Tools

Tools
Research & Analysis
Education
Demo account
Binomo
Research & Analysis
Education
Demo account
Merrill Edge
Research & Analysis
Education
Demo account

Mobile App

Mobile App
Android App
iOS App
Binomo
Android App
iOS App
Merrill Edge
Android App
iOS App

Deposits

Deposits
Minimum deposit
Bank Wire
Visa/Mastercard
Cryptocurrency
Binomo
Minimum deposit
$5.00
Bank Wire
Visa/Mastercard
Cryptocurrency
Merrill Edge
Minimum deposit
None
Bank Wire
Visa/Mastercard
Cryptocurrency

Withdrawals

Withdrawals
Bank Wire
Visa/Mastercard
Cryptocurrency
Withdrawal Time
Withdrawal Fee
Binomo
Bank Wire
Visa/Mastercard
Cryptocurrency
Withdrawal Time
Within 3 business days
Withdrawal Fee
Free
Merrill Edge
Bank Wire
Visa/Mastercard
Cryptocurrency
Withdrawal Time
Immediate (Bank Wire)
Withdrawal Fee
$0 (Visa Debit Card)

Security & Fairness

Security & Fairness
Сountry of Origin
Year Founded
Regulated By
Binomo
Сountry of Origin
Seychelles
Year Founded
2014
Regulated By
International Financial Commission
Merrill Edge
Сountry of Origin
USA
Year Founded
2010
Regulated By
SEC, FINRA

Customer Service

Customer Service
Phone
Email
Live Chat
 
Binomo
Phone
+441143033932
Email
support@binomo.com
Live Chat
Yes
Merrill Edge
Phone
Yes
Email
Yes
Live Chat
No

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