FxPro
merrill edge
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Overview
FxPro was founded in 2006 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. FxPro serves 10,000+ clients worldwide; merrill edge has 10,000+. The minimum deposit is $100 at FxPro and $250 at merrill edge.
| Feature | FxPro | merrill edge |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of The Bahamas (SCB), 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 | 2006 | 2010 |
| Country | UK | USA |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between FxPro and merrill edge, directly affecting your bottom line as a trader. FxPro has a lower barrier to entry with a minimum deposit of $100 (vs $250 at merrill edge). Neither broker charges withdrawal fees. FxPro applies inactivity fees on dormant accounts; merrill edge does not. Overall, FxPro scores higher on fees in our assessment.
| Feature | FxPro | merrill edge |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
FxPro 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. FxPro edges ahead on platform breadth and functionality in our scoring.
| Feature | FxPro | 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, MT5, cTrader, 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 FxPro and merrill edge compare. FxPro runs regular live webinars; merrill edge does not. Both provide video tutorials. FxPro publishes daily market commentary; merrill edge does not. Both integrate third-party research tools. FxPro maintains an archive of past webinars for on-demand viewing. FxPro scores higher overall in education and research.
| Feature | FxPro | merrill edge |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. FxPro accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while merrill edge supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). Both brokers support the same set of payment methods.
| Feature | FxPro | merrill edge |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | Yes |
| Skrill | Yes | 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 FxPro and merrill edge offer live chat support. Both provide phone support. Email support is available at both brokers. FxPro supports 15 languages and merrill edge supports 8, giving FxPro broader global reach. Both brokers are comparable on support quality.
| Feature | FxPro | merrill edge |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | Arabic, Chinese, English, French, German, Hungarian, Indonesian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, and Vietnamese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |