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Comparison IQ Option vs Merrill Edge

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

Firstly, let’s compare commission fees provided by these brokers for regular transactions. IQ Option has a commission fee of from 0.16%, and Merrill Edge has a commission fee of $6.95. When analyzing trading options, the commission fees of IQ Option is from 0.035%, 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, Options Trading, ETFs Trading, Forex Trading, Crypto Trading are provided to customers by IQ Option and Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading are provided by Merrill Edge. Concerning the platforms, IQ Option uses Web Platform, Android App, iOS App, while Merrill Edge uses 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. IQ Option was founded in 2013 in Seychelles, and it is regulated by Not Regulated. And Merrill Edge was founded in 2010 in USA, and it is regulated by SEC, FINRA. Withdrawal of funds from IQ Option 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 IQ Option is within 1 business day, and that one for Merrill Edge is immediate (Bank Wire).

Overall, IQ Option boasts 3.9 stars versus Merrill Edge 4.1 stars.

Overall Rating

 
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education
 
IQ Option
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
IQ Option
Stock
From 0.16%
ETFs
From 0.018%
Options
From 0.035%
Mutual Funds
N/A
Bonds
N/A
Forex Spreads
From 0.03%
CFDs
From 0.16%
Metals
From 0.093%
Cryptocurrency
From 0.064%
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
IQ Option
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
Web Platform
IQ Option
Web Platform
Merrill Edge
Web Platform

Tools

Tools
Research & Analysis
Education
Demo account
IQ Option
Research & Analysis
Education
Demo account
Merrill Edge
Research & Analysis
Education
Demo account

Mobile App

Mobile App
Android App
iOS App
IQ Option
Android App
iOS App
Merrill Edge
Android App
iOS App

Deposits

Deposits
Minimum deposit
Bank Wire
Visa/Mastercard
PayPal
Cryptocurrency
IQ Option
Minimum deposit
$10
Bank Wire
Visa/Mastercard
PayPal
Cryptocurrency
Merrill Edge
Minimum deposit
None
Bank Wire
Visa/Mastercard
PayPal
Cryptocurrency

Withdrawals

Withdrawals
Bank Wire
Visa/Mastercard
Withdrawal Time
Withdrawal Fee
IQ Option
Bank Wire
Visa/Mastercard
Withdrawal Time
Within 1 business day
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
IQ Option
Сountry of Origin
Seychelles
Year Founded
2013
Regulated By
Not Regulated
Merrill Edge
Сountry of Origin
USA
Year Founded
2010
Regulated By
SEC, FINRA

Customer Service

Customer Service
Phone
Email
Live Chat
 
IQ Option
Phone
+44 20 8068 0760
Email
support@iqoption.com
Live Chat
Yes
Merrill Edge
Phone
Yes
Email
Yes
Live Chat
No

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