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Comparison HYCM vs Merrill Edge

A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare HYCM vs Merrill Edge. Which of them: HYCM or Merrill Edge a better online broker?

First of all, we’ll compare the commission fees of the two brokers. HYCM has a commission fee of spreads vary, and Merrill Edge has a commission fee of $6.95. You can read more detailed information on commission fees in the online broker reviews.

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, Forex Trading, Crypto Trading are provided to customers by HYCM and Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading are provided by Merrill Edge. As for platforms, HYCM offers Desktop Platform (Windows), Desktop Platform (MacOS), MT4, 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. HYCM was established in 1977 in United Kingdom, and it is regulated by FCA, CySEC, CIMA. And Merrill Edge was established in 2010 in USA, and it is regulated by SEC, FINRA. Withdrawal of funds from HYCM can be done using Bank Wire, Visa/Mastercard 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 HYCM is 1 - 7 business days, and that one for Merrill Edge is immediate (Bank Wire).

Overall, HYCM boasts 4.8 stars versus Merrill Edge 4.1 stars.

Overall Rating

 
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education
 
HYCM
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
Forex Spreads
CFDs
Metals
Cryptocurrency
HYCM
Stock
Spreads vary
ETFs
N/A
Options
N/A
Mutual Funds
N/A
Bonds
N/A
Forex Spreads
Spreads from 0.2 pips
CFDs
Spreads from 4 pips
Metals
Spreads from 30 pips
Cryptocurrency
Spreads at 70 pips
Merrill Edge
Stock
$6.95
ETFs
$6.95
Options
$6.95 + $0.75
Mutual Funds
No Transaction Fee
Bonds
$1 Per Bond ($10 min)
Forex Spreads
N/A
CFDs
N/A
Metals
N/A
Cryptocurrency
N/A

Types of trading

Types of trading
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Forex Trading
Crypto Trading
HYCM
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Forex Trading
Crypto Trading
Merrill Edge
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Forex Trading
Crypto Trading

Platforms

Platforms
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
MT4
HYCM
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
MT4
Merrill Edge
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
MT4

Tools

Tools
Research & Analysis
Education
HYCM
Research & Analysis
Education
Merrill Edge
Research & Analysis
Education

Mobile App

Mobile App
Android App
iOS App
HYCM
Android App
iOS App
Merrill Edge
Android App
iOS App

Deposits

Deposits
Minimum deposit
Bank Wire
Visa/Mastercard
HYCM
Minimum deposit
$100
Bank Wire
Visa/Mastercard
Merrill Edge
Minimum deposit
None
Bank Wire
Visa/Mastercard

Withdrawals

Withdrawals
Bank Wire
Visa/Mastercard
Withdrawal Time
Withdrawal Fee
HYCM
Bank Wire
Visa/Mastercard
Withdrawal Time
1 - 7 business days
Withdrawal Fee
Free
Merrill Edge
Bank Wire
Visa/Mastercard
Withdrawal Time
Immediate (Bank Wire)
Withdrawal Fee
$0 (Visa Debit Card)

Security & Fairness

Security & Fairness
Сountry of Origin
Year Founded
Regulated By
HYCM
Сountry of Origin
United Kingdom
Year Founded
1977
Regulated By
FCA, CySEC, CIMA
Merrill Edge
Сountry of Origin
USA
Year Founded
2010
Regulated By
SEC, FINRA

Customer Service

Customer Service
Phone
Email
Live Chat
 
HYCM
Phone
+442088167812
Email
support@hycm.com
Live Chat
Yes
Merrill Edge
Phone
Yes
Email
Yes
Live Chat
No

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