Comparison HighLow vs Merrill Edge
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare HighLow vs Merrill Edge. Which of them: HighLow or Merrill Edge a better online broker?
First of all, we’ll compare the commission fees of the two brokers. When analyzing trading options, the commission fees of HighLow is none, and that one of Merrill Edge is $6.95 + $0.75. 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 HighLow provides customers with Options Trading, and Merrill Edge provides customers with Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading. As for platforms, HighLow offers Web Platform, Android App, iOS App, while Merrill Edge offers 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. HighLow was founded in 2014 in Australia, and it is regulated by ASIC. And Merrill Edge was founded in 2010 in USA, and it is regulated by SEC, FINRA. We can withdraw funds from HighLow with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is 2% fee on all withdrawals. 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 time for withdrawal in HighLow is 1 - 3 business days, and that one in Merrill Edge is immediate (Bank Wire).
As a result, the rating of HighLow is 4.6 stars versus that of Merrill Edge of 4.1 stars.