Comparison Merrill Edge vs Zacks Trade
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare Merrill Edge vs Zacks Trade. Which of them: Merrill Edge or Zacks Trade 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 Zacks Trade has a commission fee of $0.01 per share with $1 minimum or 1% of trade value if <$1 per share. Let’s analyze the commission fees on trading options. Merrill Edge has a commission fee of $6.95 + $0.75, Zacks Trade has a commission fee of $1 for First Contract + $0.75 per additional. You can read more detailed information on commission fees in the online broker reviews.
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, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading are provided by Zacks Trade. Concerning the platforms, Merrill Edge uses Web Platform, Android App, iOS App, while Zacks Trade 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 established in 2010 in USA, and it is regulated by SEC, FINRA. And Zacks Trade was established in Original company 1978, online brokerage 2008 in United States, and it is regulated by SEC, FINRA, SIPC. Withdrawal of funds from Merrill Edge can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of $0 (Visa Debit Card). And Zacks Trade provides the ability to withdraw funds using Bank Wire with a withdrawal fee of 1 withdrawal free monthly. The withdrawal time for Merrill Edge is immediate (Bank Wire), and that one for Zacks Trade is 4-7 working days.
As a result, the rating of Merrill Edge is 4.1 stars versus that of Zacks Trade of 4 stars.