merrill edge
Robinhood
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
merrill edge was founded in 2010 and is headquartered in USA, while Robinhood was established in 2013 and is based in USA. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. merrill edge serves 10,000+ clients worldwide; Robinhood has 10,000,000+. The minimum deposit is $250 at merrill edge and $0 at Robinhood.
| Feature | merrill edge | Robinhood |
|---|---|---|
| Min. Deposit | $250 | $0 |
| 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 | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) |
| Founded | 2010 | 2013 |
| Country | USA | USA |
| Clients | 10,000+ | 10,000,000+ |
Fees
Fees are a critical factor when choosing between merrill edge and Robinhood, directly affecting your bottom line as a trader. Robinhood has a lower barrier to entry with a minimum deposit of $0 (vs $250 at merrill edge). Neither broker charges withdrawal fees. Robinhood charges deposit fees; merrill edge does not. Overall, Robinhood scores higher on fees in our assessment.
| Feature | merrill edge | Robinhood |
|---|---|---|
| Min. Deposit | $250 | $0 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
merrill edge offers MT5, cTrader, while Robinhood supports a proprietary platform. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. merrill edge edges ahead on platform breadth and functionality in our scoring.
| Feature | merrill edge | Robinhood |
|---|---|---|
| MT4 | No | No |
| MT5 | Yes | No |
| 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 | Web Trader, 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 Robinhood compare. Robinhood runs regular live webinars; merrill edge does not. Both provide video tutorials. Robinhood publishes daily market commentary; merrill edge does not. Both integrate third-party research tools. Robinhood maintains an archive of past webinars for on-demand viewing. Robinhood scores higher overall in education and research.
| Feature | merrill edge | Robinhood |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| 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 Robinhood supports 1 (bank transfer). merrill edge uniquely supports credit/debit card and PayPal and Skrill and Neteller among the two brokers. merrill edge scores higher on deposit and withdrawal flexibility.
| Feature | merrill edge | Robinhood |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | No |
| 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 Robinhood offer live chat support. merrill edge offers phone support; Robinhood does not. Email support is available at both brokers. merrill edge supports 8 languages and Robinhood supports 13, giving Robinhood broader global reach. merrill edge scores higher overall on customer support in our assessment.
| Feature | merrill edge | Robinhood |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | No |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, Romana, Turkce |