Comparison Merrill Edge vs Swissquote
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare Merrill Edge vs Swissquote. Which of them: Merrill Edge or Swissquote 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 Swissquote has a commission fee of from £15. Let’s analyze the commission fees on trading options. Merrill Edge has a commission fee of $6.95 + $0.75, Swissquote has a commission fee of £1 per contract (Minimum £5). 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, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading are provided to customers by Merrill Edge and Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading, Crypto Trading, Robo Advisor are provided by Swissquote. Concerning the platforms, Merrill Edge uses Web Platform, Android App, iOS App, while Swissquote uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, MT4, 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. Merrill Edge was founded in 2010 in USA, and it is regulated by SEC, FINRA. And Swissquote was founded in Switzerland in 1996, and it is regulated by FCA, FINMA, DFSA, MAS, SFC. Withdrawal of funds from Merrill Edge can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of $0 (Visa Debit Card). And Swissquote provides the ability to withdraw funds using Bank Wire with a withdrawal fee of depends on account type. The time for withdrawal in Merrill Edge is immediate (Bank Wire), and that one in Swissquote is 1-2 working days.
As a result, the rating of Merrill Edge is 4.1 stars versus that of Swissquote of 4 stars.