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Comparison Interactive Brokers vs Merrill Edge

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

First of all, we’ll compare the commission fees of the two brokers. Interactive Brokers has a commission fee of $0.005, and Merrill Edge has a commission fee of $6.95. Let’s analyze the commission fees on trading options. Interactive Brokers has a commission fee of $0 + $0.70 per contract, Merrill Edge has a commission fee of $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 Interactive Brokers provides customers with Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading, Crypto Trading, Robo Advisor, and Merrill Edge provides customers with Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading. As for platforms, Interactive Brokers offers Desktop Platform (Windows), Desktop Platform (MacOS), 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. Interactive Brokers was established in 1978 in United States, and it is regulated by NYSE, FINRA, SIPC. And Merrill Edge was established in 2010 in USA, and it is regulated by SEC, FINRA. Withdrawal of funds from Interactive Brokers 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 withdrawal time for Interactive Brokers is 3-5 days, and that one for Merrill Edge is immediate (Bank Wire).

Overall, Interactive Brokers boasts 4.1 stars versus Merrill Edge 4.1 stars.

Overall Rating

 
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education
 
Interactive Brokers
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
Futures
Metals
Cryptocurrency
Interactive Brokers
Stock
$0.005
ETFs
$0
Options
$0 + $0.70 per contract
Mutual Funds
$14.95
Bonds
0.1% of face value
Forex Spreads
0.20 basis points
Futures
$0.85 per contract
Metals
0.15 basis points
Cryptocurrency
$5 per contract
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
Futures
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
Futures Trading
Crypto Trading
Robo Advisor
Interactive Brokers
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Forex Trading
Futures Trading
Crypto Trading
Robo Advisor
Merrill Edge
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Forex Trading
Futures Trading
Crypto Trading
Robo Advisor

Platforms

Platforms
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
Interactive Brokers
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
Merrill Edge
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform

Tools

Tools
Research & Analysis
Education
Demo account
Interactive Brokers
Research & Analysis
Education
Demo account
Merrill Edge
Research & Analysis
Education
Demo account

Mobile App

Mobile App
Android App
iOS App
Interactive Brokers
Android App
iOS App
Merrill Edge
Android App
iOS App

Deposits

Deposits
Minimum deposit
Bank Wire
Visa/Mastercard
Interactive Brokers
Minimum deposit
$0
Bank Wire
Visa/Mastercard
Merrill Edge
Minimum deposit
None
Bank Wire
Visa/Mastercard

Withdrawals

Withdrawals
Bank Wire
Visa/Mastercard
Withdrawal Time
Withdrawal Fee
Interactive Brokers
Bank Wire
Visa/Mastercard
Withdrawal Time
3-5 days
Withdrawal Fee
$0
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
Interactive Brokers
Сountry of Origin
United States
Year Founded
1978
Regulated By
NYSE, FINRA, SIPC
Merrill Edge
Сountry of Origin
USA
Year Founded
2010
Regulated By
SEC, FINRA

Customer Service

Customer Service
Phone
Email
Live Chat
 
Interactive Brokers
Phone
1 (877) 442-2757
Email
Email form
Live Chat
Yes
Merrill Edge
Phone
Yes
Email
Yes
Live Chat
No

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