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Comparison Merrill Edge vs TD Ameritrade
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare Merrill Edge vs TD Ameritrade. Which of them: Merrill Edge or TD Ameritrade 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 TD Ameritrade has a commission fee of $6.95. When analyzing trading options, the commission fees of Merrill Edge is $6.95 + $0.75, and that one of TD Ameritrade 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, 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 are provided by TD Ameritrade. Concerning the platforms, Merrill Edge uses Web Platform, Android App, iOS App, while TD Ameritrade uses Desktop Platform (Windows), Desktop Platform (MacOS), 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 TD Ameritrade was founded in 1975 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 TD Ameritrade provides the ability to withdraw funds with the help of Bank Wire, and its withdrawal fee is free. The time for withdrawal in Merrill Edge is immediate (Bank Wire), and that one in TD Ameritrade is one Business Day.
As a result, the rating of Merrill Edge is 4.1 stars versus that of TD Ameritrade of 4.5 stars.