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Comparison Merrill Edge vs TradeStation

A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare Merrill Edge vs TradeStation. Which of them: Merrill Edge or TradeStation a better online broker?

Firstly, let’s compare commission fees provided by these brokers for regular transactions. Merrill Edge has a commission fee of $6.95, and TradeStation has a commission fee of 4. Let’s analyze the commission fees on trading options. Merrill Edge has a commission fee of $6.95 + $0.75, TradeStation has a commission fee of 5. 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 TradeStation provides customers with Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Futures Trading, Crypto Trading. Concerning the platforms, Merrill Edge uses Web Platform, Android App, iOS App, while TradeStation uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, 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 TradeStation was founded in 1982 in United States, and it is regulated by SEC, FINRA. Withdrawal of funds from Merrill Edge can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of $0 (Visa Debit Card). And TradeStation provides the ability to withdraw funds using Bank Wire with a withdrawal fee of $35 for US domestic withdrawals. The time for withdrawal in Merrill Edge is immediate (Bank Wire), and that one in TradeStation is 3-5 business days.

As a result, the rating of Merrill Edge is 4.1 stars versus that of TradeStation of 3.8 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
TradeStation
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education

Fees

Fees
Stock
ETFs
Options
Mutual Funds
Bonds
Futures
Merrill Edge
Stock
$6.95
ETFs
$6.95
Options
$6.95 + $0.75
Mutual Funds
No Transaction Fee
Bonds
$1 Per Bond ($10 min)
Futures
N/A
TradeStation
Stock
$0.00
ETFs
$0.00
Options
$0.60 per contract
Mutual Funds
$14.95 per trade
Bonds
$14.95 per trade
Futures
$1.50 per contract

Types of trading

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

Platforms

Platforms
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
Merrill Edge
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
TradeStation
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform

Tools

Tools
Research & Analysis
Education
Merrill Edge
Research & Analysis
Education
TradeStation
Research & Analysis
Education

Mobile App

Mobile App
Android App
iOS App
Merrill Edge
Android App
iOS App
TradeStation
Android App
iOS App

Deposits

Deposits
Minimum deposit
Bank Wire
Visa/Mastercard
Merrill Edge
Minimum deposit
None
Bank Wire
Visa/Mastercard
TradeStation
Minimum deposit
$500
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)
TradeStation
Bank Wire
Visa/Mastercard
Withdrawal Time
3-5 business days
Withdrawal Fee
$35 for US domestic withdrawals

Security & Fairness

Security & Fairness
Сountry of Origin
Year Founded
Regulated By
Merrill Edge
Сountry of Origin
USA
Year Founded
2010
Regulated By
SEC, FINRA
TradeStation
Сountry of Origin
United States
Year Founded
1982
Regulated By
SEC, FINRA

Customer Service

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

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