FBS vs Merrill Edge - BrokerCue
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Broker Comparison

FBS vs Merrill Edge

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

FBS

FBS

High-leverage forex and CFD traders

FBS is a forex and CFD broker founded in 2009, offering six account types, MetaTrader 4 and 5, and a minimum …

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

FBS vs Merrill Edge
Feature FBS Merrill Edge
Minimum deposit - -
Stock trading fee - $0 per online trade; broker-assisted: $29.95
Regulators CySEC, ASIC, FSCA, FSC FINRA, SEC
Best for High-leverage 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

FBS

FBS

Pros

  • Minimum deposit from USD 1 on Cent account
  • Six account types including commission-free and raw-spread options
  • Regulated by CySEC and ASIC alongside offshore FSC entity
  • Free demo account available
  • MetaTrader 4 and MetaTrader 5 supported
  • 200+ payment methods accepted for deposits
  • Multilingual customer support available 24/7

Cons

  • Not available to residents of the US, UK, EU member states, Canada, Japan, Iran, or Myanmar
  • Stock CFD commission on Standard account is relatively high at 0.7%
  • Very high maximum leverage (1:3000) raises risk of rapid loss
  • Offshore Belize entity (FSC) provides limited regulatory protection
  • Limited cryptocurrency selection (around 5 assets)
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
FBS

FBS

FBS is a forex and CFD broker founded in 2009, offering six account types, MetaTrader 4 and 5, and a minimum deposit from USD 1.

Visit FBS 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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