Comparison eToro vs Merrill Edge
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares eToro vs Merrill Edge. Is eToro or Merrill Edge a better online broker?
First of all, we’ll compare the commission fees of the two brokers. eToro has a commission fee of 0.09% spread per side, 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 eToro provides customers with Stocks Trading, ETFs Trading, Forex Trading, Crypto Trading, and Merrill Edge provides customers with Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading. As for platforms, eToro 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. eToro was founded in 2007 in Cyprus, and it is regulated by CySEC, FCA, ASIC. And Merrill Edge was founded in 2010 in USA, and it is regulated by SEC, FINRA. Withdrawal of funds from eToro can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of $25. 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 eToro is within 1 business day, and that one for Merrill Edge is immediate (Bank Wire).
As a result, the rating of eToro is 4.5 stars versus that of Merrill Edge of 4.1 stars.