InvestorGreg.net is compensated in exchange for featured placement of sponsored products and services, or your clicking on links posted on this website. That's how we make money. This compensation may impact how, where and in what order products appear. InvestorGreg.net does not include all companies or all available products. We will never allow advertisers to influence our opinion of financial products that appear on this site.
Comparison Merrill Edge vs Olymp Trade
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Merrill Edge vs Olymp Trade. Is Merrill Edge or Olymp Trade a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. Let’s analyze the commission fees on trading options. Merrill Edge has a commission fee of $6.95 + $0.75, Olymp Trade has a commission fee of none. 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 Merrill Edge provides customers with Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, and Olymp Trade provides customers with Options Trading. As for platforms, Merrill Edge offers Web Platform, Android App, iOS App, while Olymp Trade 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. Merrill Edge was founded in 2010 in USA, and it is regulated by SEC, FINRA. And Olymp Trade was founded in 2014 in St. Vincent and the Grenadines, and it is regulated by Not Regulated. Withdrawal of funds from Merrill Edge can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of $0 (Visa Debit Card). And Olymp Trade provides the ability to withdraw funds using Bank Wire, Visa/Mastercard with a withdrawal fee of free. The time for withdrawal in Merrill Edge is immediate (Bank Wire), and that one in Olymp Trade is 1 - 5 business days.
As a result, the rating of Merrill Edge is 4.1 stars versus that of Olymp Trade of 4 stars.