Written by StockBrokers.com
In this head to head comparison of Merrill Edge vs Interactive Brokers, we will compare the trading platforms, mobile apps, investment options, costs, market research, and more. Let's dive in.
When deciding between Merrill Edge and Interactive Brokers for your investment needs, each platform presents unique strengths tailored to different investor preferences. While both offer comprehensive solutions, Interactive Brokers edges out Merrill Edge in overall investment options with a perfect 5-star rating compared to Merrill Edge's 4.5 stars. Ranked as the top broker for investment options by StockBrokers.com, Interactive Brokers provides a more extensive range of trading opportunities, including fractional shares, forex, futures, and cryptocurrencies, which Merrill Edge does not offer. However, Merrill Edge compensates with its robust advisor services, a feature missing from Interactive Brokers, suggesting its suitability for those requiring tailored financial advice.
Merrill Edge supports stock and margin trading, options, mutual funds, OTC stocks, and offers both traditional and Roth IRA accounts. Although it falls short on newer trading instruments such as crypto, with no coins available, customers who value established investment avenues alongside personalized guidance will find value in its offerings. The inclusion of advisory services makes Merrill Edge an attractive platform for investors who seek personalized financial planning and advice.
On the other hand, Interactive Brokers delivers an expansive range of investment products including the trading of stocks, options, margin, mutual and OTC stocks, and notably, futures, forex, and crypto, covering four cryptocurrencies. Interactive Brokers' comprehensive offerings, backed by their strong rankings and ratings, cater to seasoned investors looking for diverse, global trading instruments beyond the traditional confines. Despite lacking advisor services, Interactive Brokers’ breadth of investment opportunities is unmatched, offering an extensive toolkit for self-directed investors and professional traders.
| Feature |
Merrill Edge
|
Interactive Brokers
|
|---|---|---|
| Stock Trading | Yes | Yes |
| Margin Trading | Yes | Yes |
| Fractional Shares | No | Yes |
| OTC Stocks | Yes | Yes |
| Mutual Funds | Yes | Yes |
| Options Trading | Yes | Yes |
| Futures Trading | No | Yes |
| Crypto Trading | No | Yes |
| Crypto Trading - Total Coins | 0 | 4 |
| Investment Options |
|
|
Dive deeper: Best Options Trading Platforms for 2024, Best Futures Trading Platforms for 2024
When it comes to trading platforms and tools, both Merrill Edge and Interactive Brokers offer a range of features that cater to various trader needs. Interactive Brokers stands out with a perfect rating of 5 stars and is ranked #1 by StockBrokers.com. It provides more comprehensive platform options, including both Windows and Mac downloadable versions, a robust set of charting tools, and additional features like paper trading and a trading journal. Meanwhile, Merrill Edge receives a commendable 4.5-star rating and is ranked #5, offering reliable browser-based trading and substantial chart customization options but lacks certain advanced tools.
One key difference between these two online brokers is platform accessibility. Interactive Brokers caters to Windows and Mac users by offering desktop applications, along with a browser-based platform, while Merrill Edge provides a browser-based platform only. For advanced chart users, Interactive Brokers offers 155 technical indicators and 85 drawing tools, surpassing Merrill Edge's 105 indicators and 23 tools. Both brokers allow users to adjust open orders, add notes, and visualize corporate events directly on stock charts, but Interactive Brokers delivers broader capabilities with 659 fields for watch lists, compared to Merrill Edge’s 285.
For traders interested in extensive customization and strategic planning, Interactive Brokers provides a more versatile trading experience with additional options like paper trading and a trading journal, which are absent from Merrill Edge. Despite this, Merrill Edge does offer particular strengths, such as eight customization fields when editing an SMA study compared to Interactive Brokers' six. Both brokers support chart pattern analysis and saving multiple chart profiles, although neither allows for creating custom studies. Ultimately, traders seeking a top-tier, fully-featured platform may find Interactive Brokers more suited to their needs, while Merrill Edge offers a simpler, yet efficient, trading environment.
| Feature |
Merrill Edge
|
Interactive Brokers
|
|---|---|---|
| Web Trading Platform | Yes | Yes |
| Desktop Trading Platform | No | Yes |
| Desktop Platform (Mac) | No | Yes |
| Paper Trading | No | Yes |
| Watch Lists - Total Fields | 285 | 659 |
| Charting - Indicators / Studies | 105 | 155 |
| Charting - Drawing Tools | 23 | 85 |
| Platforms & Tools |
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Dive deeper: Best Stock Brokers & Trading Platforms for 2024, Best Paper Trading Platforms for 2024
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When comparing Merrill Edge and Interactive Brokers for beginner and investor education capabilities, both platforms provide comprehensive educational resources that include stock, ETF, options, mutual funds, and bonds education. In addition, both offer engaging educational videos, webinars, and quizzes to enhance user learning. However, Merrill Edge does not provide paper trading opportunities or the ability to track learning progress, while Interactive Brokers excels in these areas, offering both features to support users' educational journeys.
Despite Interactive Brokers offering more interactive learning features, Merrill Edge is rated slightly higher, with a 5-star education rating compared to Interactive Brokers' 4.5 stars. According to StockBrokers.com, Merrill Edge ranks as the second-best among 18 brokers for education, while Interactive Brokers holds the fifth position. These rankings reflect Merrill Edge's strong emphasis on delivering quality educational content tailored for beginners and investors alike, while Interactive Brokers provides a more hands-on approach with its additional practical learning tools.
| Feature |
Merrill Edge
|
Interactive Brokers
|
|---|---|---|
| Education (Stocks) | Yes | Yes |
| Education (ETFs) | Yes | Yes |
| Education (Options) | Yes | Yes |
| Education (Mutual Funds) | Yes | Yes |
| Education (Bonds) | Yes | Yes |
| Paper Trading | No | Yes |
| Videos | Yes | Yes |
| Webinars | Yes | Yes |
| Education |
|
|
Dive deeper: Best Stock Trading Platforms for Beginners of 2024
When choosing between Merrill Edge and Interactive Brokers for stock trading app capabilities, potential users should consider several features and differentials. Both platforms boast top ratings of five stars for their stock trading apps. However, Interactive Brokers take the top rank as the number one app among 18 brokers reviewed by StockBrokers.com, while Merrill Edge secures the fifth position. This high ranking underscores Interactive Brokers' more comprehensive feature set, despite Merrill Edge still delivering a robust and well-rated performance. Ultimately, the choice may hinge on specific needs and preferences regarding the additional features each app offers.
Both Merrill Edge and Interactive Brokers provide iPhone and Android apps, ensuring compatibility across major mobile operating systems. Interactive Brokers goes a step further by offering an Apple Watch app. While both brokers support mobile options trading and provide important mobile stock trading functionalities like after-hours trading, Merrill Edge allows stock comparisons on charts in its mobile app, unlike Interactive Brokers. However, Interactive Brokers compensates with other unique advantages including streaming live TV, videos on demand, and mobile after-hours charting.
Charting and analysis capabilities differ between the two brokers as well. Merrill Edge supports charts in landscape mode, offers multiple time frames, and includes 34 technical studies in its app, while Interactive Brokers elevates its offering with a richer selection of 97 technical studies and the ability to customize watch list columns. Although both allow stock alerts and creating custom watch lists, Interactive Brokers’ suite of features notably enriches the user experience with a broader array of advanced toolsets for serious traders. Each app provides robust features catering to different user preferences in the dynamic trading environment.
| Feature |
Merrill Edge
|
Interactive Brokers
|
|---|---|---|
| iPhone App | Yes | Yes |
| Android App | Yes | Yes |
| Apple Watch App | No | Yes |
| Stock Alerts | Yes | Yes |
| Charting - After-Hours | No | Yes |
| Charting - Technical Studies | 34 | 97 |
| Mobile Trading Apps |
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Dive deeper: Best Stock Trading Apps for 2024
In comparing Merrill Edge and Interactive Brokers, it's crucial to consider the key differences and similarities in their fee structures to determine which is most suitable for your trading needs. Both brokers offer a minimum deposit of $0.00 and do not charge commissions for regular stock trades, making them equally appealing for stock investors. However, the fees diverge when it comes to options trading and margin balances. While both platforms charge $0.65 per options contract, Interactive Brokers clearly outlines a 7.33% rate for margins below $100,000, whereas Merrill Edge's margin fees are variable and tend to lack transparency for balances under $100,000. Additionally, IRA closure fees are another consideration where Interactive Brokers stands out by charging $0.00, while Merrill Edge imposes a $49.95 fee.
Both firms show parity in account transfer costs, with $0.00 fees for either full or partial ACAT transfers, a feature that reduces barriers for investors considering a switch. Furthermore, neither Merrill Edge nor Interactive Brokers charge for options exercise or assignment, ensuring cost efficiency for active options traders. These fee structures highlight how each broker has tailored its charges to appeal to different investor priorities, such as initial account setup costs, ongoing trading costs, or specific transaction fees.
This detailed comparison of Merrill Edge and Interactive Brokers reflects the importance of scrutinizing various fee structures based on your specific investment strategies. While both platforms maintain competitive offerings for regular stock and options trading, distinct differences in areas like margin rates and IRA fees can influence your choice. Prioritizing what's most important to your financial goals and investment habits is key in choosing the right broker to partner with in your trading journey.
| Feature |
Merrill Edge
|
Interactive Brokers
|
|---|---|---|
| Minimum Deposit | $0.00 | $0.00 |
| Stock Trades | $0.00 | $0.00 |
| Options (Per Contract) | $0.65 | $0.65 |
| Options Exercise Fee | $0.00 | $0.00 |
| Options Assignment Fee | $0.00 | $0.00 |
| IRA Annual Fee | $0.00 | $0.00 |
| IRA Closure Fee | $49.95 | $0.00 |
| Commissions & Fees |
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Dive deeper: Best Free Trading Platforms for 2024
When comparing the day trading capabilities of Merrill Edge and Interactive Brokers, several distinct features set them apart. Both platforms offer streaming time and sales for stocks and level 2 quotes, providing essential data for active traders. Furthermore, they each provide basic strategy backtesting, allowing traders to test their strategies in a historical context. However, Interactive Brokers takes day trading to a more advanced level with features such as streaming live TV, direct market routing, ladder trading, and the ability to utilize trading hotkeys for swift trade execution, all of which are absent in Merrill Edge.
Interactive Brokers further differentiates itself with a comprehensive toolset for traders seeking an edge. The platform offers advanced strategy backtesting and a short locator tool, enabling users to access real-time availability of shares for shorting. Additionally, Interactive Brokers provides order liquidity rebates, which can translate to cost savings for high-frequency traders. While Merrill Edge offers solid foundational tools for traders, Interactive Brokers caters to those seeking a more comprehensive and advanced trading experience.
| Feature |
Merrill Edge
|
Interactive Brokers
|
|---|---|---|
| Streaming Time & Sales | Yes | Yes |
| Streaming TV | No | Yes |
| Direct Market Routing - Stocks | No | Yes |
| Level 2 Quotes - Stocks | Yes | Yes |
| Trade Ideas - Backtesting | Yes | Yes |
| Trade Ideas - Backtesting Adv | No | Yes |
| Short Locator | No | Yes |
Dive deeper: Best Day Trading Platforms for 2024
When comparing Merrill Edge and Interactive Brokers for market research capabilities, both platforms shine in this arena, offering comprehensive research tools and resources. While Merrill Edge and Interactive Brokers are equally rated at five stars for their market research offerings, Interactive Brokers slightly edges out Merrill Edge with a StockBrokers.com ranking of #2 compared to Merrill Edge's #4. This distinction highlights Interactive Brokers’ broader range of downloadable PDF research reports and their use of social media sentiment data in stock research, which could be crucial for investors looking for a more comprehensive view.
Merrill Edge and Interactive Brokers both provide extensive research offerings across asset types, including stock, ETFs, mutual funds, Pink Sheets/OTCBB, and bonds. Additionally, both platforms allow users to analyze portfolio allocation by asset class and offer ESG research, an important consideration for socially-conscious investors. They also provide market screeners for stocks, ETFs, mutual funds, and bonds, equipping investors with the tools they need to make informed decisions.
However, Interactive Brokers enhances its market research capabilities with the inclusion of social media sentiment data analysis and a larger library of downloadable PDF research reports. Specifically, Interactive Brokers offers 15 downloadable reports for stocks compared to Merrill Edge's three, which may provide more in-depth insights for investors. Both platforms deliver substantial market research capabilities, but Interactive Brokers' additional features might cater better to those seeking more expansive research content.
| Feature |
Merrill Edge
|
Interactive Brokers
|
|---|---|---|
| Research - Stocks | Yes | Yes |
| Screener - Stocks | Yes | Yes |
| Research - ETFs | Yes | Yes |
| Screener - ETFs | Yes | Yes |
| Research - Mutual Funds | Yes | Yes |
| Screener - Mutual Funds | Yes | Yes |
| Research - Bonds | Yes | Yes |
| Screener - Bonds | Yes | Yes |
| Research |
|
|
When comparing the banking capabilities of Merrill Edge and Interactive Brokers, Merrill Edge clearly stands out for those looking to integrate banking services with their brokerage needs. Merrill Edge offers a comprehensive suite of banking services, including checking accounts, savings accounts, debit cards, and credit cards. Additionally, Merrill Edge provides mortgage loans, meeting a broader range of financial needs. In contrast, Interactive Brokers does not offer checking or savings accounts, debit cards, or credit cards, and lacks mortgage loan services, focusing primarily on its brokerage capabilities. Both platforms, however, offer certificates of deposit (CDs), giving investors an option to grow their savings with predictable returns. For investors seeking robust banking services alongside trading, Merrill Edge offers more expansive options.
| Feature |
Merrill Edge
|
Interactive Brokers
|
|---|---|---|
| Checking Accounts | Yes | No |
| Savings Accounts | Yes | No |
| Debit Cards | Yes | No |
| Credit Cards | Yes | No |
| Mortgage Loans | Yes | No |
| CDs | Yes | Yes |
Dive deeper: Best Bank Accounts for Trading Stocks for 2024
After opening live accounts and testing 18 of the best online brokers, our research and live account testing finds that Merrill Edge is better than Interactive Brokers. Merrill Edge finished with an overall score of 94.0%, while Interactive Brokers finished with a score of 93.5%.
Merrill Edge and its parent, Bank of America, make for a well-rounded offering, with $0 trades, robust research, reliable customer service; and its Stock Stories and Fund Stories are an industry standout. There are some gaps in investment offerings, including crypto and futures.
When comparing online brokers, Merrill Edge does not offer crypto trading, while Interactive Brokers provides options for trading four different cryptocurrencies.
Dive deeper: Best Online Brokers for Crypto Trading in 2024
Both Merrill Edge and Interactive Brokers provide options for traditional and Roth IRA accounts without any annual fees; however, while Merrill Edge charges a $49.95 closure fee when closing an IRA account, Interactive Brokers does not impose any closure fees.
Dive deeper: Best IRA Accounts for 2024
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| Review | Merrill Edge Review | Interactive Brokers Review |
| Broker Screenshots | Merrill Edge | Interactive Brokers | |
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| Trading Fees | Merrill Edge | Interactive Brokers | |
|---|---|---|---|
| Minimum Deposit | $0.00 | $0.00 | |
| Stock Trades | $0.00 | $0.00 | |
| Penny Stock Fees (OTC) | N/A | $0.01 | |
| Mutual Fund Trade Fee | Varies | $14.95 | |
| Options (Per Contract) | $0.65 | $0.65 | |
| Futures (Per Contract) | (Not offered) | $0.85 | |
| Broker Assisted Trade Fee | $29.95 | Varies |
| Margin Rates | Merrill Edge | Interactive Brokers | |
|---|---|---|---|
| Margin Rate Under $25,000 | Varies | 7.33% | |
| Margin Rate $25,000 to $49,999.99 | Varies | 7.33% | |
| Margin Rate $50,000 to $99,999.99 | Varies | 7.33% | |
| Margin Rate $100,000 to $249,999.99 | Varies | 7.33% | |
| Margin Rate $250,000 to $499,999.99 | Varies | 7.33% | |
| Margin Rate $500,000 to $999,999.99 | Varies | 7.33% | |
| Margin Rate Above $1,000,000 | Varies | 7.33% |
| Account Fees | Merrill Edge | Interactive Brokers | |
|---|---|---|---|
| IRA Annual Fee | $0.00 | $0.00 | |
| IRA Closure Fee | $49.95 | $0.00 | |
| Account Transfer Out (Partial) | $0.00 | $0.00 | |
| Account Transfer Out (Full) | $0.00 | $0.00 | |
| Options Exercise Fee | $0.00 | $0.00 | |
| Options Assignment Fee | $0.00 | $0.00 |
| Investment Options | Merrill Edge | Interactive Brokers | |
|---|---|---|---|
| Stock Trading | Yes | Yes | |
| Margin Trading | Yes | Yes | |
| Fractional Shares | No | Yes | |
| OTC Stocks | Yes | Yes | |
| Options Trading | Yes | Yes | |
| Complex Options Max Legs | 4 | 6 | |
| Futures Trading | No | Yes | |
| Forex Trading | No | Yes | |
| Crypto Trading | No | Yes | |
| Crypto Trading - Total Coins | 0 | 4 | |
| Mutual Funds (No Load) | 2952 | 10988 | |
| Mutual Funds (Total) | 3466 | 11456 | |
| Bonds (US Treasury) | Yes | Yes | |
| Bonds (Corporate) | Yes | Yes | |
| Bonds (Municipal) | Yes | Yes | |
| Traditional IRAs | Yes | Yes | |
| Roth IRAs | Yes | Yes | |
| Advisor Services | Yes | No | |
| International Countries (Stocks) | 0 | 34 |
| Order Types | Merrill Edge | Interactive Brokers | |
|---|---|---|---|
| Order Type - Market | Yes | Yes | |
| Order Type - Limit | Yes | Yes | |
| Order Type - After Hours | Yes | Yes | |
| Order Type - Stop | Yes | Yes | |
| Order Type - Trailing Stop | Yes | Yes | |
| Order Type - OCO | No | Yes | |
| Order Type - OTO | No | Yes | |
| Order Type - Broker Assisted | Yes | Yes |
| Beginners | Merrill Edge | Interactive Brokers | |
|---|---|---|---|
| Education (Stocks) | Yes | Yes | |
| Education (ETFs) | Yes | Yes | |
| Education (Options) | Yes | Yes | |
| Education (Mutual Funds) | Yes | Yes | |
| Education (Bonds) | Yes | Yes | |
| Education (Retirement) | Yes | Yes | |
| Retirement Calculator | Yes | Yes | |
| Investor Dictionary | Yes | Yes | |
| Paper Trading | No | Yes | |
| Videos | Yes | Yes | |
| Webinars | Yes | Yes | |
| Webinars (Archived) | Yes | Yes | |
| Progress Tracking | No | Yes | |
| Interactive Learning - Quizzes | Yes | Yes |
| Stock Trading Apps | Merrill Edge | Interactive Brokers | |
|---|---|---|---|
| iPhone App | Yes | Yes | |
| Android App | Yes | Yes | |
| Apple Watch App | No | Yes | |
| Trading - Stocks | Yes | Yes | |
| Trading - After-Hours | Yes | Yes | |
| Trading - Simple Options | Yes | Yes | |
| Trading - Complex Options | Yes | Yes | |
| Order Ticket RT Quotes | Yes | Yes | |
| Order Ticket SRT Quotes | No | Yes |
| Stock App Features | Merrill Edge | Interactive Brokers | |
|---|---|---|---|
| Market Movers (Top Gainers) | Yes | Yes | |
| Stream Live TV | No | Yes | |
| Videos on Demand | No | Yes | |
| Stock Alerts | Yes | Yes | |
| Option Chains Viewable | Yes | Yes | |
| Watch List (Real-time) | Yes | Yes | |
| Watch List (Streaming) | Yes | Yes | |
| Watch Lists - Create & Manage | Yes | Yes | |
| Watch Lists - Column Customization | No | Yes |
| Stock App Charting | Merrill Edge | Interactive Brokers | |
|---|---|---|---|
| Charting - After-Hours | No | Yes | |
| Charting - Can Turn Horizontally | Yes | Yes | |
| Charting - Multiple Time Frames | Yes | Yes | |
| Charting - Technical Studies | 34 | 97 | |
| Charting - Study Customizations | Yes | Yes | |
| Charting - Stock Comparisons | Yes | No |
| Trading Platforms | Merrill Edge | Interactive Brokers | |
|---|---|---|---|
| Active Trading Platform | Merrill Edge Market Pro | Trader Workstation (TWS) | |
| Desktop Trading Platform | No | Yes | |
| Desktop Platform (Mac) | No | Yes | |
| Web Trading Platform | Yes | Yes | |
| Paper Trading | No | Yes | |
| Trade Journal | No | Yes | |
| Watch Lists - Total Fields | 285 | 659 |
| Stock Chart Features | Merrill Edge | Interactive Brokers | |
|---|---|---|---|
| Charting - Adjust Trades on Chart | Yes | Yes | |
| Charting - Indicators / Studies | 105 | 155 | |
| Charting - Drawing Tools | 23 | 85 | |
| Charting - Notes | Yes | Yes | |
| Charting - Index Overlays | Yes | Yes | |
| Charting - Historical Trades | Yes | Yes | |
| Charting - Corporate Events | Yes | Yes | |
| Charting - Custom Date Range | Yes | Yes | |
| Charting - Custom Time Bars | Yes | Yes | |
| Charting - Automated Analysis | Yes | Yes | |
| Charting - Save Profiles | Yes | Yes | |
| Trade Ideas - Technical Analysis | Yes | Yes | |
| Charting - Study Customizations | 8 | 6 | |
| Charting - Custom Studies | No | No |
| Day Trading | Merrill Edge | Interactive Brokers | |
|---|---|---|---|
| Streaming Time & Sales | Yes | Yes | |
| Streaming TV | No | Yes | |
| Direct Market Routing - Stocks | No | Yes | |
| Ladder Trading | No | Yes | |
| Trade Hotkeys | No | Yes | |
| Level 2 Quotes - Stocks | Yes | Yes | |
| Trade Ideas - Backtesting | Yes | Yes | |
| Trade Ideas - Backtesting Adv | No | Yes | |
| Short Locator | No | Yes | |
| Order Liquidity Rebates | No | Yes |
| Research Overview | Merrill Edge | Interactive Brokers | |
|---|---|---|---|
| Research - Stocks | Yes | Yes | |
| Research - ETFs | Yes | Yes | |
| Research - Mutual Funds | Yes | Yes | |
| Research - Pink Sheets / OTCBB | Yes | Yes | |
| Research - Bonds | Yes | Yes | |
| Screener - Stocks | Yes | Yes | |
| Screener - ETFs | Yes | Yes | |
| Screener - Mutual Funds | Yes | Yes | |
| Screener - Bonds | Yes | Yes | |
| Misc - Portfolio Allocation | Yes | Yes |
| Stock Research | Merrill Edge | Interactive Brokers | |
|---|---|---|---|
| Stock Research - PDF Reports | 3 | 15 | |
| Stock Research - Earnings | Yes | Yes | |
| Stock Research - Insiders | Yes | Yes | |
| Stock Research - Social | No | Yes | |
| Stock Research - News | Yes | Yes | |
| Stock Research - ESG | Yes | Yes | |
| Stock Research - SEC Filings | Yes | Yes |
| ETF Research | Merrill Edge | Interactive Brokers | |
|---|---|---|---|
| ETFs - Strategy Overview | Yes | Yes | |
| ETF Fund Facts - Inception Date | Yes | Yes | |
| ETF Fund Facts - Expense Ratio | Yes | Yes | |
| ETF Fund Facts - Net Assets | Yes | Yes | |
| ETF Fund Facts - Total Holdings | Yes | Yes | |
| ETFs - Top 10 Holdings | Yes | Yes | |
| ETFs - Sector Exposure | Yes | Yes | |
| ETFs - Risk Analysis | Yes | Yes | |
| ETFs - Ratings | Yes | Yes | |
| ETFs - Morningstar StyleMap | Yes | Yes | |
| ETFs - PDF Reports | Yes | Yes |
| Mutual Fund Research | Merrill Edge | Interactive Brokers | |
|---|---|---|---|
| Mutual Funds - Strategy Overview | Yes | Yes | |
| Mutual Funds - Performance Chart | Yes | Yes | |
| Mutual Funds - Performance Analysis | Yes | Yes | |
| Mutual Funds - Prospectus | Yes | Yes | |
| Mutual Funds - 3rd Party Ratings | Yes | Yes | |
| Mutual Funds - Fees Breakdown | Yes | Yes | |
| Mutual Funds - Top 10 Holdings | Yes | Yes | |
| Mutual Funds - Asset Allocation | Yes | Yes | |
| Mutual Funds - Sector Allocation | Yes | Yes | |
| Mutual Funds - Country Allocation | Yes | Yes | |
| Mutual Funds - StyleMap | Yes | Yes |
| Options Trading | Merrill Edge | Interactive Brokers | |
|---|---|---|---|
| Option Chains - Basic View | Yes | Yes | |
| Option Chains - Strategy View | Yes | Yes | |
| Option Chains - Streaming | Yes | Yes | |
| Option Chains - Total Columns | 68 | 40 | |
| Option Chains - Greeks | 5 | 5 | |
| Option Chains - Quick Analysis | Yes | Yes | |
| Option Analysis - P&L Charts | Yes | Yes | |
| Option Probability Analysis | Yes | Yes | |
| Option Probability Analysis Adv | No | Yes | |
| Option Positions - Greeks | Yes | Yes | |
| Option Positions - Greeks Streaming | Yes | Yes | |
| Option Positions - Adv Analysis | Yes | Yes | |
| Option Positions - Rolling | Yes | Yes | |
| Option Positions - Grouping | Yes | Yes |
| Banking | Merrill Edge | Interactive Brokers | |
|---|---|---|---|
| Bank (Member FDIC) | Yes | No | |
| Checking Accounts | Yes | No | |
| Savings Accounts | Yes | No | |
| Credit Cards | Yes | No | |
| Debit Cards | Yes | No | |
| Mortgage Loans | Yes | No |
| Customer Service | Merrill Edge | Interactive Brokers | |
|---|---|---|---|
| Phone Support (Prospect Customers) | Yes | Yes | |
| Phone Support (Current Customers) | Yes | Yes | |
| Email Support | No | Yes | |
| Live Chat (Prospect Customers) | Yes | No | |
| Live Chat (Current Customers) | Yes | Yes | |
| 24/7 Support | Yes | No |
| Overall | Merrill Edge | Interactive Brokers | |
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| Review | Merrill Edge Review | Interactive Brokers Review |
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