Merrill Edge Review 2020

Merrill Edge Rated 3/5
learn more Learn more about eToro. 71% of retail investor accounts lose money when trading CFDs with this provider.
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Merrill Edge Guide - Read our In Depth Merrill Edge Review

This Merrill Edge review was written by industry experts with over 20 years of financial experience in Forex trading, Social trading, Share Dealing.

What is Merrill Edge?

Merrill Edge are an a global online financial trading platform and multi asset broker founded in 2008

Over 12 years later Merrill Edge has grown to offering retail investors Forex trading, Social trading, and Share Dealing trading.

Merrill Edge are a global broker and have a head office in United States.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

We will dive deep in this Merrill Edge review and assess how well the Merrill Edge platform functions in its role as an international multiple financial asset trading platform for traders in 2020.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. Choosing an online broker like Merrill Edge can be difficult. For a beginner, the first few hurdles can come in the form of what appears to be a complex mobile or online trading platform, hard to understand investment terminology and confusing fee structures. In our review of Merrill Edge we breakdown the pros and cons. What Merrill Edge are able to offer, what countries Merrill Edge are available in. Who Merrill Edge are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

This is why we have taken the time to review only the best brokerage firms, their practices, their fee structure and all other important aspects. We want you to evaluate and analyse and trust your hard-earned cash with only the safest and best of brokers. We hope you find this Merrill Edge review useful.

This review of the Merrill Edge platform is very detailed. If you are interested in trading with Merrill Edge in any capacity please take the time to read and research the whole Merrill Edge review.

We have tried to explain the ins and outs of financial trading through the Merrill Edge platform as plainly as possible so that you the trader are as informed as possible before you start to use the Merrill Edge trading tools and depositing and withdrawing funds from Merrill Edge.

Benefits of trading with Merrill Edge

Open Merrill Edge's Website

Your capital is at risk

Investing online can be just as risky as any other kind of offline investment. As with any investment, it is important to know and research the company you are dealing with. When trading financial assets with Merrill Edge like Forex trading, Social trading, and Share Dealing trading. you should have confidence in Merrill Edge and know that the management of your financial investments on the Merrill Edge platform is in good hands.

At the bottom of this Merrill Edge review you can also learn about some pretty good alternatives to Merrill Edge

With this Merrill Edge review we hope to help you see if Merrill Edge is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding Merrill Edge that will help you get off to a good start in the world of online trading.

Merrill Edge Review Table of Contents

Merrill Edge review
Merrill Edge is a Multi-Assets Trading Platform with over 166+ Assets

Learn more about Merrill Edge. Merrill Edge is a multi asset platform with 166+ tradable Assets. Assets available on Merrill Edge include Forex trading, Social trading, Share Dealing.

Merrill Edge trades in multiple financial asset types. An asset in financial investment, is any security or asset, tangible or intangible, that has a financial value attached. This means that Forex trading, Social trading, Share Dealing are considered financial assets.

Merrill Edge review
Features of Merrill Edge

Merrill Edge review
What you should know

Merrill Edge offer three ways to trade: Forex trading, Social trading, Share Dealing.

With Merrill Edge you will need a minimum deposit of $0. You can sign up for a demo account to acquaint yourself with Merrill Edge platform.

Merrill Edge are able to accommodate various levels of traders whether you are experienced or a beginner.

Merrill Edge review
Are Merrill Edge safe?

When choosing a broker like Merrill Edge the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2008, and in operation for 12 years Merrill Edge have a head office in United States.

Merrill Edge is regulated. This means Merrill Edge are supervised by and is checked for conduct by the Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Merrill Edge, this will be honored. If Merrill Edge violate any regulatory rules their regulated status could be stripped.

Merrill Edge review
Is my money safe with Merrill Edge?

Any payments funded to Merrill Edge accounts by traders are held in a segregated bank account.

For added security Merrill Edge use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

What are Tier 1 banks and why should Merrill Edge use them?

A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank. A Tier 1 bank has strong core capital reserves and financial regulators utilize tier one banks because they are able to withstand unexpected financial losses.

What does it mean to have your funds in Merrill Edge deposited in a Tier 1 bank?

Having any money you deposit with Merrill Edge means that your funds are safe in a bank that has enough capital to accommodate your withdrawal wishes even if Merrill Edge goes out of business for some reason.

Therefore, we can safely conclude that Merrill Edge is secure and safe.

That said, please note that you can lose funds when trading in financial assets. Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform.

While trading in financial investments, losing money rapidly due to trading Forex trading, Social trading, Share Dealing is not uncommon. Only take the risk of trading when you understand that your invested capital is at risk any time due to market volatility. Merrill Edge also clearly state on their platform that Your capital is at risk.

Now that we have answered some important questions regrding Merrill Edge. let us look at the Merrill Edge features in more detail.

Try creating two accounts when you are working with Merrill Edge. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit Merrill Edge

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

How Merrill Edge as a Company Compare Against Other Brokers

Broker merrilledge eToro IC Markets XTB
Year Established 2008 2006 2007 2002
Head Office United States Cyprus, UK Australia Poland
Regulation Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG)
Used By 10,000+ Merrill Edge users 12,000,000+ eToro users 60,000+ IC Markets users 250,000+ XTB users
Negative balance protection Yes Yes Yes
Guaranteed Stop Loss No No No
Learn More Visit Merrill Edge Visit eToro Visit IC Markets Visit XTB
Risk Warning Your capital is at risk 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Merrill Edge review
Merrill Edge Pros and Cons

What we like about Merrill Edge

  • Used by over 10,000 Merrill Edge users and traders
  • Established in 2008
  • Regulated by Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC)
  • Min. deposit from $0

What we don't like about Merrill Edge

Merrill Edge review
Merrill Edge Regulation and Licensing in more detail

We have checked and Merrill Edge is regulated and supervised by reputable organisations. You are able to check every Merrill Edge supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with Merrill Edge. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect Merrill Edge traders and provide a safe trading environment.

Merrill Edge is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as Merrill Edge you should be sure they're legitimate online agent.

Merrill Edge review
Is Merrill Edge Global?

Yes, Merrill Edge is global as Merrill Edge is available in over 194 countries.

Merrill Edge is a global trading platform in the sense that it operates in 194 nations including nations in Europe, Asia, Oceania, and Africa. Major countries Merrill Edge covers include the UK, Germany, Australia, South Africa, Thailand, the United States and China. Merrill Edge has a total of more than 10,000 users.

Merrill Edge review
Merrill Edge Fees Explained

  • Merrill Edge withdrawal fees varies on payment method
  • Merrill Edge does charge a fee for inactive accounts.
  • Merrill Edge does charge deposit fees.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company, brokers may charge clients various fees.

How Merrill Edge Fees Compare Against Other Brokers

Broker merrilledge eToro IC Markets XTB
Min Deposit 0 200 200 0
Withdrawal Fees varies Yes No varies
Inactivity Fees Yes No No
Deposit Fees No Varies No
CFD Commission Fees No Yes Yes

Merrill Edge review
Merrill Edge Minimum Deposit

Merrill Edge do not require a minimum desposit when opening a Merrill Edge trading account.

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other fees may be higher with a low minimum deposit account.

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.

As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.

Merrill Edge review
Merrill Edge Withdrawal Fees

Merrill Edge withdrawal fees vary depending on your selected withdrawal payment method.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees and processing times.

Merrill Edge for example allow you to withdraw your funds to Transfer cash, Bank Wire transfer, Check or Cheque, Transfer accounts.

Merrill Edge review
Merrill Edge Inactivity Fees

Merrill Edge does charge a fee for inactive accounts.

An account inactivity fee is a fee charged to the registered brokerage client.

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.

If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.

Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.

Merrill Edge review
Merrill Edge Desposit Fees

Merrill Edge does charge deposit fees.

Some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

Merrill Edge review
Merrill Edge Commission Fees

Merrill Edge does charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

Merrill Edge review
What can you trade with Merrill Edge?

Be aware that Different entities under Merrill Edge Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

You can trade a wide variety of instruments with Merrill Edge over 166 instruments infact.

If you are looking at trading currency pairs Merrill Edge offer over currency pairs.

Compare Merrill Edge with eToro and IC Markets below.

Your capital is at risk

How Merrill Edge Trading Options Compare Against Other Brokers

Broker merrilledge eToro IC Markets XTB
Instruments Available 166 2000 232 4000
Platforms Desktop,iOS,Android Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, Mirror Trader, Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 50 65 50
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs No Yes Yes Yes
Exotic Forex pairs No Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs        
Commodities Offered 0 31 19 21
Metals No Yes Yes Yes
Energies No Yes Yes Yes
Agricultural NO Yes Yes Yes
Indiced & Stock CFDs        
Stocks Offered 957 100 1696
UK Shares Yes Yes No Yes
US Shares No Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes
Risk Warning Visit Merrill Edge
Your capital is at risk
Visit eToro
71% of retail investor accounts lose money when trading CFDs with this provider.
Visit IC Markets
Losses can exceed deposits
Visit XTB
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Merrill Edge review
Trading on Merrill Edge web platforms and other applications

Merrill Edge offer a user-friendly custom trading platform, available as a browser based web application. If you would rather see a comparison of MT4 brokers, you can so here.

Merrill Edge also offer mobile apps, for Android and iOS making it easier to keep an eye on and execute your trades while you’re on the move.


See Merrill Edge's platforms

Merrill Edge review
Is the Merrill Edge Trading Platform Secure?

Merrill Edge safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. Merrill Edge also urges its clients through its web platform to always look for the SSL security sign (a lock sign) o the browser while operating Merrill Edge.

Merrill Edge review
Merrill Edge Trading Platform Options

Merrill Edge does not offer the MetaTrader 4 (MT4), MetaTrader 5 (MT5) or cTrader trading platforms.

Merrill Edge offer an their own custom trading platform developed and tested in house. The Merrill Edge trading platform allows traders to track their portfolios, track the current markets, locate trade ideas and place trades. The Merrill Edge platform allows traders to filter the financial marketplace for trade opportunities that match a criteria. With Merrill Edge you can look for and examine opportunities with actionable research and stock evaluations. Get streaming real-time information on the Merrill Edge platform including news and quotes. Discover possible trades with the strong charting tools found with Merrill Edge. Merrill Edge is available as downloadable applications or online through the cloud. Monitor your orders with Merrill Edge and receive breaking news in your positions.

Merrill Edge Trading benefits :

  • Low min deposit

Merrill Edge Trading Accounts Offered :

  • Demo account
  • Standard account
  • MAM/PAMM account
  • Islamic account

Can I try Merrill Edge before I buy?

Merrill Edge offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

Your capital is at risk

Merrill Edge withdrawal and funding methods.

Please note that the list of Merrill Edge payment methods below depend on the Merrill Edge Entity and the Clients Country of Residence.

Merrill Edge offer the below funding payment methods. learn more about Merrill Edge

Merrill Edge Payment Methods

  • Merrill Edge accepts Transfer cash
  • Merrill Edge accepts Bank Wire transfer
  • Merrill Edge accepts Check or Cheque
  • Merrill Edge accepts Transfer accounts
Broker merrilledge eToro IC Markets XTB
Bank transfer Yes Yes Yes Yes
Credit Cards No Yes Yes Yes
Paypal No Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer No Yes No Yes
Neteller No Yes Yes Yes

How can I start trading with Merrill Edge?

When opening a trading account with Merrill Edge, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Merrill Edge trading platforms here.

Your capital is at risk

Performing trades with Merrill Edge

Merrill Edge allow you to execute a minimum of trade of $6.95. This may vary depending on the account you open. Merrill Edge allow you to execute a maxium trade of varies.

As a market maker, Merrill Edge may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the instruments.

Education resources at Merrill Edge

To trade effectively with Merrill Edge, it's important to get a have a good understanding of the Merrill Edge trading tools and the markets.

Merrill Edge offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with Merrill Edge.

Take time to look around the Merrill Edge platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at Merrill Edge

Merrill Edge support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

Merrill Edge have a D grade support rating because because sometimes the response was slow or our query wasnt answered. Merrill Edge less customer support features compared to other brokers like live chat, phone and email support. email support and supports a limited amount of Languages. Live chat support supports a limited amount of Languages. Phone support supports a limited amount of Languages.

Livechat Support at Merrill Edge

We tested the Merrill Edge live chat and it works well. We sent messages to Merrill Edge livechat through their app and website and recieved a response within 20 minutes. Sometimes there was no response.

We tested communicating with Merrill Edge support in multiple languages in multiple countries. Merrill Edge where able to resolve our customer issues.

Email Support at Merrill Edge

We sent several emails to Merrill Edge and answer times overall were excellent. The fastest response from Merrill Edge was 4 hours and the slowest response was 5 days. Sometimes there was no response. Support response times may vary for you with Merrill Edge, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall average email support from Merrill Edge.

Phone Support at Merrill Edge

We called Merrill Edge and the call was answered very quickly. The call was answered in less than 5-10 minutes.

The Merrill Edge phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual Merrill Edge team by calling in varying languages. Merrill Edge made an effort to make sure our queries were answered.

Overall the phone support from Merrill Edge was okay.

See how Merrill Edge Support Compares Against Other Brokers

Broker merrilledge eToro IC Markets XTB
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, German, Spanish, French, Italian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish
Learn More Visit Merrill Edge Visit eToro Visit IC Markets Visit XTB
Risk Warning Your capital is at risk 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

What you will need to open an account with Merrill Edge

As Merrill Edge is regulated by Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under Merrill Edge Brand may be different.

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 3 minutes or so to complete the account opening process.

While you might be able to explore Merrill Edge's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Merrill Edge you can visit the Merrill Edge trading platform here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.merrilledge.com/ on November 25, 2020.

Merrill Edge review
Is Merrill Edge A Good Broker?

We spent over 3 months examining Merrill Edge in depth. Although we found some very useful aspects of the Merrill Edge platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative Merrill Edge broker.

  • Merrill Edge have a good track record of offering Forex trading, Social trading, Share Dealing.
  • Merrill Edge has a history of over 12 years.
  • Merrill Edge has a reasonable sized customer support of at least 10.
  • Merrill Edge are regulated by Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC). This means Merrill Edge fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • Merrill Edge have regulation from a Tier 1 reputable country.
  • Merrill Edge has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • Merrill Edge have an international presence in multiple countries. This includes local Merrill Edge seminars and training.
  • Merrill Edge are able to hire people from various locations in the world who can better communicate in your local language.

Merrill Edge Risk Disclaimer

Your capital is at risk

Merrill Edge review
Merrill Edge not quite right?

If after reading this Merrill Edge review, Merrill Edge does not fulfill your needs check out these Merrill Edge Alternatives.

Click here to view the best Merrill Edge Alternatives

We have spent years researching the best alternatives to Merrill Edge. Click the links below to learn more.

If you feel some of the above Merrill Edge are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of Merrill Edge alternatives below.

Merrill Edge review
Related Merrill Edge Vs Comparisons

We have covered allot in this Merrill Edge review, If you want to see how Merrill Edge compares side by side with other brokers check out our Merrill Edge Vs pages.

If you would like to see how Merrill Edge stands up against other brokers you can read some of our Merrill Edge comparisons below. We compare side by side some of our top rated Merrill Edge versus comparisons. Read our indepth Merrill Edge VS pages below.

Merrill Edge review
MERRILL EDGE Frequently Asked Questions

Can I try Merrill Edge before I buy?

Merrill Edge offer a demo account so you can try the Merrill Edge platform before you put down a payment. Learn more here

What funding methods do Merrill Edge accept?

Please note that the list of payment methods below depend on the Merrill Edge Entity and the Clients Country of Residence.

Merrill Edge offer the following funding payment methods Transfer cash, Bank Wire transfer, Check or Cheque, Transfer accounts, among other payment methods.
Learn more here

Your capital is at risk

Is Merrill Edge safe?

Merrill Edge are considered safe as they are regulated by and checked for conduct by the Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC). Any payments funded to Merrill Edge accounts by traders are held in a segregated bank account. For added security Merrill Edge use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Is Merrill Edge trading good?

Merrill Edge is considered good and reputable to trade with Merrill Edge. Merrill Edge is used by over 10000 active traders and Merrill Edge users. Merrill Edge offers Forex trading, Social trading, and Share Dealing trading. Minimum deposit with Merrill Edge is 0.

Is Merrill Edge trading Legit?

Merrill Edge was founded in United States in 2008. Merrill Edge has been facilitating trade on the financial markets for over 12 years. Merrill Edge offers clients Forex trading, Social trading, and Share Dealing trading. All funds deposited to Merrill Edge are held in segregated tier 1 bank accounts for security. Merrill Edge is regulated by Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC) so can be considered legit.

Is Merrill Edge a good broker?

Merrill Edge is overseen by the top tier financial regulators Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC) so can be considered a good broker. Merrill Edge allows Forex trading, Social trading, and Share Dealing trading.

Is Merrill Edge trustworthy broker?

Merrill Edge can be considered trustworthy. All money funded to Merrill Edge is placed into a segregated tier 1 bank account. this means your money in not held by Merrill Edge directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also Merrill Edge is regulated by Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC).

What is the minimum deposit for Merrill Edge?

The minimum deposit to trade with Merrill Edge is 0.

How long do Merrill Edge withdrawals take?

Withdrawing money from Merrill Edge processing time varies but averages 2-5 days.

Is Merrill Edge regulated?

Merrill Edge is regulated by Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC).

Is Merrill Edge a market maker?

Merrill Edge is a not a market maker. A market maker speeds up trading as a market maker will purchase your stocks and commodities even is a buyer is not lined up.

How can I start trading with Merrill Edge?

When opening a trading account with Merrill Edge, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Merrill Edge trading platforms here.

Is my money safe with Merrill Edge?

Merrill Edge is regulated by Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC). One of the most important criteria for traders when choosing a broker like Merrill Edge is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Merrill Edge, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is Merrill Edge a con?

Merrill Edge is regulated and well established having been in business for over 12 years. Merrill Edge is definitely not a con.

Can you make money with Merrill Edge?

Although traders have had great success with Merrill Edge. Trading on the financial markets with Merrill Edge is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does Merrill Edge have fees?

Merrill Edge withdrawal fees varies on payment method. Merrill Edge does charge a fee for inactive accounts. Merrill Edge does charge deposit fees.

When was Merrill Edge founded?

Merrill Edge was founded in 2008.

How many people use Merrill Edge?

Merrill Edge is used by over 10000 registered Merrill Edge users.

What is Merrill Edge Headquarters country?

Merrill Edge has its head quarters office in United States.

Does Merrill Edge offer negative balance protection?

Merrill Edge does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does Merrill Edge offer guaranteed stop loss?

Merrill Edge does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does Merrill Edge allow scalping?

Merrill Edge does not offer scalping.

Does Merrill Edge allow hedging?

Merrill Edge does not offer hedging.

Does Merrill Edge offer CFD trading?

Merrill Edge does not offer CFD trading.

Does Merrill Edge offer STP?

Merrill Edge does not offer STP trading.

How many people use Merrill Edge?

Merrill Edge is used by over 10000 Merrill Edge users and traders.

Is Merrill Edge an ECN broker?

Merrill Edge does not offer ECN trading.

Does Merrill Edge offer a demo account?

Merrill Edge offers a demo account.

Does Merrill Edge offer an Islamic account?

Merrill Edge offers a Islamic accounts.

What are the funding methods for Merrill Edge?

Merrill Edge accept the following funding methods : Transfer cash, Bank Wire transfer, Check or Cheque, Transfer accounts.

Merrill Edge review written by Andrew Blumer and Mark Hansen

We hope you found our review of the Merrill Edge brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

Merrill Edge review written by Mark Hansen of Comparebrokers.co