City Of Investment
merrill edge
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Overview
City Of Investment was founded in 2009 and is headquartered in United Kingdom, while merrill edge was established in 2010 and is based in USA. City Of Investment holds licences including Financial Markets Authority (FMA), while merrill edge is regulated by Financial Conduct Authority (FCA) among others. City Of Investment serves 10,000+ clients worldwide; merrill edge has 10,000+. The minimum deposit is $3000 at City Of Investment and $250 at merrill edge.
| Feature | City Of Investment | merrill edge |
|---|---|---|
| Min. Deposit | $3000 | $250 |
| Regulation | Financial Markets Authority (FMA) | 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 | 2009 | 2010 |
| Country | United Kingdom | USA |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between City Of Investment and merrill edge, directly affecting your bottom line as a trader. merrill edge has a lower barrier to entry with a minimum deposit of $250 (vs $3000 at City Of Investment). City Of Investment charges withdrawal fees while merrill edge does not, a notable advantage for frequent withdrawers. City Of Investment applies inactivity fees on dormant accounts; merrill edge does not. City Of Investment charges deposit fees; merrill edge does not. Overall, merrill edge scores higher on fees in our assessment.
| Feature | City Of Investment | merrill edge |
|---|---|---|
| Min. Deposit | $3000 | $250 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
City Of Investment offers MT4, MT5, cTrader, while merrill edge supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. merrill edge supports social and copy trading features, which City Of Investment does not offer. City Of Investment edges ahead on platform breadth and functionality in our scoring.
| Feature | City Of Investment | 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 | Android Apps,iPhone/iPad,Desktop | 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 City Of Investment and merrill edge compare. Both provide video tutorials. Both integrate third-party research tools. The two brokers are evenly matched on educational content.
| Feature | City Of Investment | merrill edge |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. City Of Investment 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 | City Of Investment | 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 City Of Investment and merrill edge offer live chat support. Both provide phone support. Email support is available at both brokers. City Of Investment supports 2 languages and merrill edge supports 8, giving merrill edge broader global reach. Both brokers are comparable on support quality.
| Feature | City Of Investment | 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 |