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Comparison Merrill Edge vs Robinhood

The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Merrill Edge vs Robinhood. Is Merrill Edge or Robinhood a better online broker?

Firstly, let’s compare commission fees provided by these brokers for regular transactions. The commission fee of Merrill Edge on regular transactions of the stock exchange is $6.95, and Robinhood has a commission fee of commission-free. Let’s analyze the commission fees on trading options. Merrill Edge has a commission fee of $6.95 + $0.75, Robinhood has a commission fee of commission-free. The full online broker reviews contains more detailed information on the brokers’ commission fees.

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 Robinhood provides customers with Stocks Trading, Options Trading, ETFs Trading, Crypto Trading. As for platforms, Merrill Edge offers Web Platform, Android App, iOS App, while Robinhood 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 Robinhood was founded in 2013 in USA, and it is regulated by SEC, FINRA. 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 Robinhood provides the ability to withdraw funds with the help of Bank Wire, and its withdrawal fee is free. The withdrawal time for Merrill Edge is immediate (Bank Wire), and that one for Robinhood is 5 days trading holding period for uninvested funds.

As a result, the rating of Merrill Edge is 4.1 stars versus that of Robinhood of 3.4 stars.

Overall Rating

 
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
Robinhood
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education

Fees

Fees
Stock
ETFs
Options
Mutual Funds
Bonds
Cryptocurrency
Merrill Edge
Stock
$6.95
ETFs
$6.95
Options
$6.95 + $0.75
Mutual Funds
No Transaction Fee
Bonds
$1 Per Bond ($10 min)
Cryptocurrency
N/A
Robinhood
Stock
Commission-free
ETFs
Commission-free
Options
Commission-free
Mutual Funds
N/A
Bonds
N/A
Cryptocurrency
Commission-free

Types of trading

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

Platforms

Platforms
Web Platform
Merrill Edge
Web Platform
Robinhood
Web Platform

Tools

Tools
Research & Analysis
Education
Merrill Edge
Research & Analysis
Education
Robinhood
Research & Analysis
Education

Mobile App

Mobile App
Android App
iOS App
Merrill Edge
Android App
iOS App
Robinhood
Android App
iOS App

Deposits

Deposits
Minimum deposit
Bank Wire
Visa/Mastercard
Merrill Edge
Minimum deposit
None
Bank Wire
Visa/Mastercard
Robinhood
Minimum deposit
None
Bank Wire
Visa/Mastercard

Withdrawals

Withdrawals
Bank Wire
Visa/Mastercard
Withdrawal Time
Withdrawal Fee
Merrill Edge
Bank Wire
Visa/Mastercard
Withdrawal Time
Immediate (Bank Wire)
Withdrawal Fee
$0 (Visa Debit Card)
Robinhood
Bank Wire
Visa/Mastercard
Withdrawal Time
5 days trading holding period for uninvested funds
Withdrawal Fee
Free

Security & Fairness

Security & Fairness
Сountry of Origin
Year Founded
Regulated By
Merrill Edge
Сountry of Origin
USA
Year Founded
2010
Regulated By
SEC, FINRA
Robinhood
Сountry of Origin
United States
Year Founded
2013
Regulated By
SEC, FINRA

Customer Service

Customer Service
Phone
Email
Live Chat
 
Merrill Edge
Phone
Yes
Email
Yes
Live Chat
No
Robinhood
Phone
No
Email
Yes
Live Chat
No

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