merrill edge
NordFX
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Overview
merrill edge was founded in 2010 and is headquartered in USA, while NordFX was established in 2008 and is based in Mauritius. merrill edge holds licences including Financial Conduct Authority (FCA), while NordFX is regulated by VFSC (15008) among others. merrill edge serves 10,000+ clients worldwide; NordFX has 10,000+. The minimum deposit is $250 at merrill edge and $10 at NordFX.
| Feature | merrill edge | NordFX |
|---|---|---|
| Min. Deposit | $250 | $10 |
| Regulation | 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 | VFSC (15008) |
| Founded | 2010 | 2008 |
| Country | USA | Mauritius |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between merrill edge and NordFX, directly affecting your bottom line as a trader. NordFX has a lower barrier to entry with a minimum deposit of $10 (vs $250 at merrill edge). Neither broker charges withdrawal fees. NordFX applies inactivity fees on dormant accounts; merrill edge does not. Overall, NordFX scores higher on fees in our assessment.
| Feature | merrill edge | NordFX |
|---|---|---|
| Min. Deposit | $250 | $10 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
merrill edge offers MT5, cTrader, while NordFX supports MT4, MT5. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. NordFX edges ahead on platform breadth and functionality in our scoring.
| Feature | merrill edge | NordFX |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | No |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how merrill edge and NordFX compare. Both provide video tutorials. merrill edge integrates third-party research tools (Autochartist); NordFX does not. NordFX scores higher overall in education and research.
| Feature | merrill edge | NordFX |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. merrill edge accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while NordFX supports 4 (bank transfer, credit/debit card, Skrill, Neteller). merrill edge uniquely supports PayPal among the two brokers. merrill edge scores higher on deposit and withdrawal flexibility.
| Feature | merrill edge | NordFX |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| 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 merrill edge and NordFX offer live chat support. Both provide phone support. Email support is available at both brokers. merrill edge supports 8 languages and NordFX supports 13, giving NordFX broader global reach. Both brokers are comparable on support quality.
| Feature | merrill edge | NordFX |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, Spanish, Russian, Chinese, Arabic, Hindi, Bengali, Farsi, Indonesian, Thai, Sinhalese, Vietnamese, Malay |