easyMarkets vs Merrill Edge - BrokerCue
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Broker Comparison

easyMarkets vs Merrill Edge

Compare easyMarkets and Merrill Edge side by side: fees, regulation, platforms.

easyMarkets

easyMarkets

Fixed-spread forex and CFD traders

easyMarkets is a Cyprus-based forex and CFD broker founded in 2001, offering fixed spreads, vanilla options, …

VS
Merrill Edge

Merrill Edge

Bank of America customers and long-term investors

Merrill Edge is a Bank of America brokerage offering commission-free stocks, ETFs and options, integrated ban…

Head-to-head comparison

easyMarkets vs Merrill Edge
Feature easyMarkets Merrill Edge
Minimum deposit - -
Stock trading fee CFDs on 65+ shares; spread-based, no commission $0 per online trade; broker-assisted: $29.95
Regulators CySEC, ASIC, FSA, FSC, FSCA FINRA, SEC
Best for Fixed-spread forex and CFD traders Bank of America customers and long-term investors
Markets & account
Stocks
ETFs
-
Forex
-
CFDs
-
Crypto
-
Bonds
-
Options
Margin
Demo Account
-
Funds
-
Money Market Funds
-
Ready Made Portfolios
-

Pros & cons

easyMarkets

easyMarkets

Pros

  • No deposit, withdrawal or inactivity fees
  • Fixed spreads provide cost certainty
  • Proprietary dealCancellation tool lets traders undo a losing trade
  • Freeze Rate locks in a price while the trader confirms an order
  • Negative balance protection on CySEC and ASIC accounts
  • Vanilla options available on the proprietary platform
  • Free unlimited demo account with $100,000 virtual balance
  • Regulated by Tier 1 authorities CySEC and ASIC

Cons

  • Fixed spreads are wider than ECN/STP alternatives, especially on Standard accounts
  • No commission-based raw-spread account available on the proprietary platform
  • CFD execution only - no direct ownership of stocks, ETFs or crypto
  • No copy trading or social investing features
  • Unique risk tools (dealCancellation, Freeze Rate) are limited to the proprietary platform, not MT4/MT5
  • UK FCA authorisation was withdrawn in 2022
  • Product availability varies by regulatory entity and region
Merrill Edge

Merrill Edge

Pros

  • No commissions on online stock and ETF trades
  • No account minimum and no inactivity fee
  • Integrated with Bank of America banking via single login
  • BofA Rewards program offers banking perks for combined account holders
  • SIPC protection up to $500,000 plus additional Lloyd's of London coverage
  • MarketPro platform for active traders with Level II quotes
  • Extensive research tools and educational resources
  • Merrill Guided Investing robo-advisor available from $1,000

Cons

  • No fractional shares
  • No cryptocurrency trading
  • No futures or forex trading
  • No paper trading or demo account
  • Margin rates are high compared to some competitors
  • Mobile app options trading experience is limited
  • No-transaction-fee mutual fund list is smaller than some competitors
easyMarkets

easyMarkets

easyMarkets is a Cyprus-based forex and CFD broker founded in 2001, offering fixed spreads, vanilla options, and proprietary risk tools including dealCancellation and Freeze Rate.

Visit easyMarkets Read review

Your capital is at risk. Other fees apply.

Merrill Edge

Merrill Edge

Merrill Edge is a Bank of America brokerage offering commission-free stocks, ETFs and options, integrated banking rewards, and a robo-advisor service.

Visit Merrill Edge Read review

Your capital is at risk. Other fees apply.

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