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Comparison Merrill Edge vs UFX
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Merrill Edge vs UFX. Is Merrill Edge or UFX a better online broker?
First of all, we’ll compare the commission fees of the two brokers. The commission fee of Merrill Edge on regular transactions of the stock exchange is $6.95, and UFX has a commission fee of from 130. You can read more detailed information on commission fees in the online broker reviews.
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 UFX provides customers with Stocks Trading, ETFs Trading, Forex Trading, Crypto Trading. As for platforms, Merrill Edge offers Web Platform, Android App, iOS App, while UFX offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, 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 UFX was established in 2007 in Republic of Vanuatu, and it is regulated by VFSC. Withdrawal of funds from Merrill Edge can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of $0 (Visa Debit Card). And UFX provides the ability to withdraw funds using Bank Wire, Visa/Mastercard with a withdrawal fee of free. The withdrawal time for Merrill Edge is immediate (Bank Wire), and that one for UFX is up to 10 business days.
Overall, Merrill Edge boasts 4.1 stars versus UFX 3.6 stars.