Comparison CMC Markets vs Merrill Edge
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares CMC Markets vs Merrill Edge. Is CMC Markets or Merrill Edge a better online broker?
First of all, we’ll compare the commission fees of the two brokers. The commission fee of CMC Markets on regular transactions of the stock exchange is 0.08% commission, and Merrill Edge has a commission fee of $6.95. 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 CMC Markets provides customers with Stocks Trading, ETFs Trading, Forex Trading, and Merrill Edge provides customers with Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading. As for platforms, CMC Markets 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. CMC Markets was founded in 1987 in United Kingdom, and it is regulated by FCA, ASIC, CFTC. And Merrill Edge was founded in 2010 in USA, and it is regulated by SEC, FINRA. Withdrawal of funds from CMC Markets can be done using Bank Wire 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 withdrawal time for CMC Markets is 1 - 2 business days, and that one for Merrill Edge is immediate (Bank Wire).
Overall, CMC Markets boasts 4.8 stars versus Merrill Edge 4.1 stars.