FXCC vs Merrill Edge - BrokerCue
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Broker Comparison

FXCC vs Merrill Edge

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

FXCC

FXCC

Active forex and CFD traders

FXCC is a Cyprus-based ECN/STP broker founded in 2010, offering forex and CFDs on MT4 and MT5 with zero-commi…

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

FXCC vs Merrill Edge
Feature FXCC Merrill Edge
Minimum deposit - -
Stock trading fee - $0 per online trade; broker-assisted: $29.95
Regulators CySEC, MISA FINRA, SEC
Best for Active 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

FXCC

FXCC

Pros

  • Zero commissions on the ECN XL account
  • Spreads from 0.0 pips on major pairs
  • No minimum deposit requirement
  • CySEC regulation with ICF protection up to EUR 20,000
  • Free VPS for qualifying active traders
  • 70+ forex pairs and 1,000+ CFD instruments
  • Demo account available

Cons

  • Limited to MetaTrader 4 and MetaTrader 5 only
  • Bank wire withdrawal fee of $45
  • E-wallet withdrawal fees around 2%
  • $5 monthly inactivity fee after 120 days
  • No stocks, ETFs, options, or futures - CFDs only
  • Limited research and educational resources
  • Offshore MISA entity offers weaker investor protections
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
FXCC

FXCC

FXCC is a Cyprus-based ECN/STP broker founded in 2010, offering forex and CFDs on MT4 and MT5 with zero-commission spreads from 0.0 pips.

Visit FXCC 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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