Comparison Fidelity vs Merrill Edge

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

First of all, we’ll compare the commission fees of the two brokers. The commission fee of Fidelity on regular transactions of the stock exchange is $4.95, and Merrill Edge has a commission fee of $6.95. Let’s analyze the commission fees on trading options. Fidelity has a commission fee of $4.95 + $0.65, Merrill Edge has a commission fee of $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, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading are provided to customers by Fidelity and Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading are provided by Merrill Edge. Concerning the platforms, Fidelity uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App, while Merrill Edge uses 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. Fidelity was established in 1946 in USA, and it is regulated by SEC, FINRA, FCA (UK). And Merrill Edge was established in 2010 in USA, and it is regulated by SEC, FINRA. We can withdraw funds from Fidelity with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is $10 (Bank Wire). And Merrill Edge provides the ability to withdraw funds with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is $0 (Visa Debit Card). The withdrawal time for Fidelity is immediate (Bank Wire), and that one for Merrill Edge is immediate (Bank Wire).

As a result, the rating of Fidelity is 4.3 stars versus that of Merrill Edge of 4.1 stars.