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Comparison Merrill Edge vs PaxForex
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare Merrill Edge vs PaxForex. Which of them: Merrill Edge or PaxForex a better online broker?
First of all, we’ll compare the commission fees of the two brokers. Merrill Edge has a commission fee of $6.95, and PaxForex has a commission fee of spreads from 5 pips. 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, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading are provided to customers by Merrill Edge and Stocks Trading, Forex Trading, Crypto Trading are provided by PaxForex. Concerning the platforms, Merrill Edge uses Web Platform, Android App, iOS App, while PaxForex uses Desktop Platform (Windows), Desktop Platform (MacOS), MT4, 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 established in 2010 in USA, and it is regulated by SEC, FINRA. And PaxForex was established in 2014 in St. Vincent and Grenadines, and it is regulated by Not Regulated. We can withdraw funds from Merrill Edge with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is $0 (Visa Debit Card). And PaxForex provides the ability to withdraw funds with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is varies. The withdrawal time for Merrill Edge is immediate (Bank Wire), and that one for PaxForex is within 1 business day.
As a result, the rating of Merrill Edge is 4.1 stars versus that of PaxForex of 4 stars.