In this analysis, we compare eToro vs. Merrill Edge to see which one is better. We compare these two online brokers on a variety of factors. Is eToro better than Merrill Edge?
| eToro | Merrill Edge | |
|---|---|---|
| Information |
|
|
| Good For: | Copy Trading | Banking and Investing, Unlimited $0 Trades |
| Founded: | 2007 | June 21, 2010 |
| Headquarter: | Tel Aviv-Yafo, Israel | New York, United States |
| Broker Type: | Market Maker, Agency Broker | N/A |
| U.S. Clients Allowed: | Yes (certain states) | Yes |
| Available Outside U.S. | Yes | No |
| Demo Account: | Yes | No |
| Minimum Deposit: | $50 - $100 | $0 |
| Deposit Methods: | PayPal, Skrill, Neteller, Credit Card, Debit Card, Rapid Transfer,iDEAL, Klarna / Sofort Banking, Bank Transfer, Online Banking - Trustly, POLi | Wire Transfer, Check, Transfer Account, Transfer Securities from Merrill Accounts, Rollover IRA |
| Regulation: | FCA, CySEC, ASIC, FSAS | FINRA, SEC |
| Stocks: | Yes | Yes |
| Forex: | Yes | No |
| Commodities: | Yes (31) | No |
| Cryptocurrencies: | Yes (30) | No |
| ADR: | No | No |
| Options: | No | Yes |
| Mutual Funds: | No | Yes |
| ETFs: | Yes | Yes |
| Binary Options: | No | Yes |
| Mobile Trading: | Yes (iOS,Android) | Yes (iOS,Android) |
| Proprietary Platform: | Yes | Yes |
| Desktop Platform: | No | Yes |
| cTrader: | No | No |
| DupliTrade: | No | No |
| MetaTrader 4: | No | No |
| MetaTrader 5: | No | No |
| Copy Trading: | Yes | No |
| Trading Signals: | Yes, through copy trading | No |
| Maximum Leverage: | 1:30 | Margin |
| Islamic Account: | Yes | No |
| Support Hours: | 24/5 | 24/7 |
| Phone Support: | No | Yes |
| Live Chat: | No | Yes |
| Email Support: | Yes | Yes |
