AB Forex
merrill edge
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Overview
AB Forex was founded in 2003 and is headquartered in STOCKHOLM, while merrill edge was established in 2010 and is based in USA. AB Forex holds licences including Unregulated, while merrill edge is regulated by Financial Conduct Authority (FCA) among others. AB Forex serves 10,000+ clients worldwide; merrill edge has 10,000+. The minimum deposit is $100 at AB Forex and $250 at merrill edge.
| Feature | AB Forex | merrill edge |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Regulation | Unregulated | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F277 |
| Founded | 2003 | 2010 |
| Country | STOCKHOLM | USA |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between AB Forex and merrill edge, directly affecting your bottom line as a trader. AB Forex has a lower barrier to entry with a minimum deposit of $100 (vs $250 at merrill edge). AB Forex charges withdrawal fees while merrill edge does not, a notable advantage for frequent withdrawers. AB Forex applies inactivity fees on dormant accounts; merrill edge does not. AB Forex charges deposit fees; merrill edge does not. Overall, AB Forex scores higher on fees in our assessment.
| Feature | AB Forex | merrill edge |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
merrill edge supports social and copy trading features, which AB Forex does not offer. merrill edge edges ahead on platform breadth and functionality in our scoring.
| Feature | AB Forex | merrill edge |
|---|---|---|
| MT4 | No | No |
| MT5 | No | Yes |
| cTrader | No | Yes |
| Windows App | No | Yes |
| iOS App | No | Yes |
| Android App | No | Yes |
| Trading Platforms | DealBook├é┬¼├âÔÇá 360 (Desktop, Mobile, iPhone, iPad, iPod touch, Web) | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how AB Forex and merrill edge compare. merrill edge has a video library; AB Forex does not. merrill edge integrates third-party research tools (Autochartist); AB Forex does not. merrill edge scores higher overall in education and research.
| Feature | AB Forex | merrill edge |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. merrill edge uniquely supports bank transfer and credit/debit card and PayPal and Skrill and Neteller among the two brokers. merrill edge scores higher on deposit and withdrawal flexibility.
| Feature | AB Forex | merrill edge |
|---|---|---|
| Bank Transfer | No | Yes |
| Credit Card | No | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. merrill edge offers live chat; AB Forex does not, making merrill edge easier to reach in real time. merrill edge offers phone support; AB Forex does not. merrill edge offers email support; no email support was found for AB Forex. AB Forex supports 2 languages and merrill edge supports 8, giving merrill edge broader global reach. merrill edge scores higher overall on customer support in our assessment.
| Feature | AB Forex | merrill edge |
|---|---|---|
| Live Chat | No | Yes |
| Phone Support | No | Yes |
| Email Support | No | Yes |
| Languages | English, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |