ETX Capital
merrill edge
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Overview
ETX Capital was founded in 2002 and is headquartered in UK, while merrill edge was established in 2010 and is based in USA. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. ETX Capital serves 10,000+ clients worldwide; merrill edge has 10,000+. The minimum deposit is $100 at ETX Capital and $250 at merrill edge.
| Feature | ETX Capital | merrill edge |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Regulation | Financial Conduct Authority (FCA) | 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 | 2002 | 2010 |
| Country | UK | USA |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between ETX Capital and merrill edge, directly affecting your bottom line as a trader. ETX Capital has a lower barrier to entry with a minimum deposit of $100 (vs $250 at merrill edge). Neither broker charges withdrawal fees. Overall, ETX Capital scores higher on fees in our assessment.
| Feature | ETX Capital | merrill edge |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
ETX Capital 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 ETX Capital does not offer. ETX Capital edges ahead on platform breadth and functionality in our scoring.
| Feature | ETX Capital | 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, Mirror Trader, Binary, 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 ETX Capital and merrill edge compare. ETX Capital runs regular live webinars; merrill edge does not. Both provide video tutorials. ETX Capital publishes daily market commentary; merrill edge does not. Both integrate third-party research tools. ETX Capital maintains an archive of past webinars for on-demand viewing. ETX Capital scores higher overall in education and research.
| Feature | ETX Capital | merrill edge |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. ETX Capital 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 | ETX Capital | 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 ETX Capital and merrill edge offer live chat support. Both provide phone support. Email support is available at both brokers. ETX Capital supports 7 languages and merrill edge supports 8, giving merrill edge broader global reach. Both brokers are comparable on support quality.
| Feature | ETX Capital | merrill edge |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, French, Spanish, German, Polish, Czech, Greek and Mandarin | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |