Comparison E*TRADE vs Merrill Edge
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare E*TRADE vs Merrill Edge. Which of them: E*TRADE or Merrill Edge a better online broker?
First of all, we’ll compare the commission fees of the two brokers. E*TRADE has a commission fee of $6.95, and Merrill Edge has a commission fee of $6.95. When analyzing trading options, the commission fees of E*TRADE is $6.95 + $0.75 per contract, and that one of Merrill Edge is $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. Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Futures Trading, Crypto Trading, Robo Advisor are provided to customers by E*TRADE and Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading are provided by Merrill Edge. Concerning the platforms, E*TRADE uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App, while Merrill Edge uses 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. E*TRADE was founded in 1982 in United States, and it is regulated by FINRA,. And Merrill Edge was founded in 2010 in USA, and it is regulated by SEC, FINRA. Withdrawal of funds from E*TRADE can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of $0. 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 E*TRADE is 3 days, and that one in Merrill Edge is immediate (Bank Wire).
As a result, the rating of E*TRADE is 4.3 stars versus that of Merrill Edge of 4.1 stars.