Baker Young Stockbrokers
merrill edge
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Overview
Baker Young Stockbrokers was founded in 2017 and is headquartered in Australia, while merrill edge was established in 2010 and is based in USA. Baker Young Stockbrokers holds licences including Unregulated, while merrill edge is regulated by Financial Conduct Authority (FCA) among others. Baker Young Stockbrokers serves 10,000+ clients worldwide; merrill edge has 10,000+. The minimum deposit is $200 at Baker Young Stockbrokers and $250 at merrill edge.
| Feature | Baker Young Stockbrokers | merrill edge |
|---|---|---|
| Min. Deposit | $200 | $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 | 2017 | 2010 |
| Country | Australia | USA |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Baker Young Stockbrokers and merrill edge, directly affecting your bottom line as a trader. Baker Young Stockbrokers has a lower barrier to entry with a minimum deposit of $200 (vs $250 at merrill edge). Baker Young Stockbrokers charges withdrawal fees while merrill edge does not, a notable advantage for frequent withdrawers. Baker Young Stockbrokers charges deposit fees; merrill edge does not. Overall, Baker Young Stockbrokers scores higher on fees in our assessment.
| Feature | Baker Young Stockbrokers | merrill edge |
|---|---|---|
| Min. Deposit | $200 | $250 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
Baker Young Stockbrokers 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. Baker Young Stockbrokers edges ahead on platform breadth and functionality in our scoring.
| Feature | Baker Young Stockbrokers | 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 | iPhone/iPad,iOS, | 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 Baker Young Stockbrokers and merrill edge compare. merrill edge has a video library; Baker Young Stockbrokers does not. merrill edge integrates third-party research tools (Autochartist); Baker Young Stockbrokers does not. merrill edge scores higher overall in education and research.
| Feature | Baker Young Stockbrokers | 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. Baker Young Stockbrokers accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while merrill edge supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). merrill edge uniquely supports PayPal and Skrill and Neteller among the two brokers. merrill edge scores higher on deposit and withdrawal flexibility.
| Feature | Baker Young Stockbrokers | merrill edge |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | 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. Both Baker Young Stockbrokers and merrill edge offer live chat support. Both provide phone support. Email support is available at both brokers. Baker Young Stockbrokers supports 2 languages and merrill edge supports 8, giving merrill edge broader global reach. Both brokers are comparable on support quality.
| Feature | Baker Young Stockbrokers | merrill edge |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |