Hantec Markets vs Merrill Edge - BrokerCue
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Broker Comparison

Hantec Markets vs Merrill Edge

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

Hantec Markets

Hantec Markets

Forex and CFD traders using MT4 or MT5

Hantec Markets offers forex and CFD trading with MT4, MT5, Hantec Web Trader, mobile trading and copy tradingโ€ฆ

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 banโ€ฆ

Head-to-head comparison

Hantec Markets vs Merrill Edge
Feature Hantec Markets Merrill Edge
Minimum deposit - -
Stock trading fee - $0 per online trade; broker-assisted: $29.95
Regulators FCA, FSC FINRA, SEC
Best for Forex and CFD traders using MT4 or MT5 Bank of America customers and long-term investors
Markets & account
Stocks
-
ETFs
-
Forex
-
CFDs
-
Crypto
-
Bonds
-
Options
-
Demo Account
-
Funds
-
Margin
-
Money Market Funds
-
Ready Made Portfolios
-

Pros & cons

Hantec Markets

Hantec Markets

Pros

  • Hantec Global account is described as zero-commission trading
  • Hantec Pro account is described as tight spreads and low commissions
  • Free Balance Guard negative balance protection is available
  • Hantec Social gives access to copy trading
  • Hantec Demo account supports trading in a virtual environment
  • Hantec Cent account supports micro-lot trading

Cons

  • Stock exposure is presented as Stock CFDs
  • Cryptocurrency exposure is presented as Cryptocurrency CFDs
  • No association with third-party Expert Advisors or automated trading tools
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
Hantec Markets

Hantec Markets

Hantec Markets offers forex and CFD trading with MT4, MT5, Hantec Web Trader, mobile trading and copy trading through Hantec Social.

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.

Your capital is at risk. Other fees apply.

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