AxiTrader
merrill edge
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
AxiTrader was founded in 2007 and is headquartered in Australia, while merrill edge was established in 2010 and is based in USA. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. AxiTrader serves 10,000+ clients worldwide; merrill edge has 10,000+. The minimum deposit is $0 at AxiTrader and $250 at merrill edge.
| Feature | AxiTrader | merrill edge |
|---|---|---|
| Min. Deposit | $0 | $250 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA) | 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 | 2007 | 2010 |
| Country | Australia | USA |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between AxiTrader and merrill edge, directly affecting your bottom line as a trader. AxiTrader has a lower barrier to entry with a minimum deposit of $0 (vs $250 at merrill edge). AxiTrader charges withdrawal fees while merrill edge does not, a notable advantage for frequent withdrawers. AxiTrader charges deposit fees; merrill edge does not. Overall, AxiTrader scores higher on fees in our assessment.
| Feature | AxiTrader | merrill edge |
|---|---|---|
| Min. Deposit | $0 | $250 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
AxiTrader offers MT4, MT5, cTrader, while merrill edge supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. AxiTrader edges ahead on platform breadth and functionality in our scoring.
| Feature | AxiTrader | merrill edge |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Mac, ZuluTrade, Web Trader, Tablet & Mobile apps | 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 AxiTrader and merrill edge compare. merrill edge has a video library; AxiTrader does not. merrill edge integrates third-party research tools (Autochartist); AxiTrader does not. merrill edge scores higher overall in education and research.
| Feature | AxiTrader | 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. AxiTrader accepts 3 of the tracked payment methods (bank transfer, credit/debit card, Neteller), while merrill edge supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). merrill edge uniquely supports PayPal and Skrill among the two brokers. merrill edge scores higher on deposit and withdrawal flexibility.
| Feature | AxiTrader | merrill edge |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | Yes | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both AxiTrader and merrill edge offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 8 languages. Both brokers are comparable on support quality.
| Feature | AxiTrader | merrill edge |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Chinese, Spanish, German, Japanese, Russian, Romanian, and Arabic | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |