Comparison Merrill Edge vs Robinhood

The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Merrill Edge vs Robinhood. Is Merrill Edge or Robinhood 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 Robinhood has a commission fee of commission-free. Let’s analyze the commission fees on trading options. Merrill Edge has a commission fee of $6.95 + $0.75, Robinhood has a commission fee of commission-free. 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 Robinhood provides customers with Stocks Trading, Options Trading, ETFs Trading, Crypto Trading. As for platforms, Merrill Edge offers Web Platform, Android App, iOS App, while Robinhood offers 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 Robinhood was founded in 2013 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 Robinhood provides the ability to withdraw funds with the help of Bank Wire, and its withdrawal fee is free. The withdrawal time for Merrill Edge is immediate (Bank Wire), and that one for Robinhood is 5 days trading holding period for uninvested funds.

As a result, the rating of Merrill Edge is 4.1 stars versus that of Robinhood of 3.4 stars.