merrill edge
Oinvest
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Overview
merrill edge was founded in 2010 and is headquartered in USA, while Oinvest was established in 2019 and is based in South Africa. merrill edge holds licences including Financial Conduct Authority (FCA), while Oinvest is regulated by Southern African Financial Sector Conduct Authority (FSCA) among others. merrill edge serves 10,000+ clients worldwide; Oinvest has 10,000+. The minimum deposit is $250 at merrill edge and $200 at Oinvest.
| Feature | merrill edge | Oinvest |
|---|---|---|
| Min. Deposit | $250 | $200 |
| 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 | Southern African Financial Sector Conduct Authority (FSCA) |
| Founded | 2010 | 2019 |
| Country | USA | South Africa |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between merrill edge and Oinvest, directly affecting your bottom line as a trader. Oinvest has a lower barrier to entry with a minimum deposit of $200 (vs $250 at merrill edge). Neither broker charges withdrawal fees. Oinvest applies inactivity fees on dormant accounts; merrill edge does not. Overall, Oinvest scores higher on fees in our assessment.
| Feature | merrill edge | Oinvest |
|---|---|---|
| Min. Deposit | $250 | $200 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | Yes |
Platforms
merrill edge offers MT5, cTrader, while Oinvest 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. The two brokers are closely matched on platform offering.
| Feature | merrill edge | Oinvest |
|---|---|---|
| MT4 | No | No |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| 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, iOS, MacBook, iPhone |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how merrill edge and Oinvest compare. Both provide video tutorials. Both integrate third-party research tools. The two brokers are evenly matched on educational content.
| Feature | merrill edge | Oinvest |
|---|---|---|
| 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. merrill edge accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while Oinvest supports 2 (bank transfer, credit/debit card). merrill edge uniquely supports PayPal and Skrill and Neteller among the two brokers. merrill edge scores higher on deposit and withdrawal flexibility.
| Feature | merrill edge | Oinvest |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Neteller | Yes | No |
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 Oinvest offer live chat support. Both provide phone support. Email support is available at both brokers. merrill edge supports 8 languages and Oinvest supports 2, giving merrill edge broader global reach. Both brokers are comparable on support quality.
| Feature | merrill edge | Oinvest |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, and Chinese |