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Merrill Edge vs ATC Brokers
Broker Name
Merrill Edge
ATC Brokers
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
ECN broker
ECN broker
Years of Existence / Established Year
2010
2005
Customer Base / Number of Accounts
3.5+ Million Clients
No information
Regulation & Security
Regulations (governing bodies)
SEC, FINRA
FCA and CIMA
Awards Won (count for the last 2 years)
Kiplinger 2023 Annual Broker Review, StockBrokers.com 2024 Annual Broker Review
No major awards listed
Security Measures
SIPC
No information
SSL Encryption / 2FA
Yes
No
Segregated Funds
Yes
Yes
Negative Balance Protection
Yes
Yes
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
CDs, Fixed income
-
Currency Pairs
No
Yes
Commodities
No
Yes
Indices
No
Yes
Cryptocurrencies
No
Yes
CFDs
No
No
ETFs
Yes
No
Stocks
Yes
No
Options
Yes
No
Futures
No
No
Bonds
Yes
No
Mutual Funds
Yes
No
Fractional Shares
Exchange Traded Notes (ETNs)
No
No
Precious Metals
No
Yes
Real Estate Investment Trusts (REITs)
No
No
Equities
No
No
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
No
Yes
MT5
No
No
cTrader
No
No
Social Trading
Yes
Copy Trading
No
Yes
Other Trading Platforms (proprietary, etc.)
Merrill Edge MarketPro (proprietary), Merrill Edge Self-Directed platform (web-based), Mobile app (Merrill Edge)
Proprietary MT Pro
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
Yes
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
Individual, Joint, Custodial, Trust, and Retirement (IRA), 529 plans
Individual, joint or corporate trading account
Demo Account (Yes/No)
Yes
Yes
Islamic Accounts (Yes/No)
No
No
Minimum Deposit
$0
2,000 USD, EUR or GBP
Leverage Available
No
2:1 to 200:1
Trade Limit (maximum per trade)
Depends on asset class
Unlimited
Commission (per account type)
$0
$0
Best Suited For (e.g., beginners, experienced traders)
Beginners to intermediate traders
Beginners and experienced traders
Deposit & Withdrawal Options
Deposit Methods
ACH transfer, wire transfer, check deposit, transfers from Bank of America
Bank wire transfer, Crypto
Withdrawal Methods
ACH transfer, wire transfer, check deposit, transfers from Bank of America
Bank wire transfer, Crypto
Other E-Wallets Supported
No
No
Tools & Educational Resources
Economic Calendar
Yes
Yes
Tools & Educational Resources (tutorials, webinars, market news, etc.)
Investing Education, Retirement Planning, Market Insights, Webinars and Online Seminars, Investment Guides and Tools
Learn to trade, Economic calendar, Market insights, Market News
Fees & Commissions
Trading-Related Fees
Commission- $0 stock and ETFs, broker-assisted trade- $29.95 or $29.95 * + $0.65 per contract
Mini Contract (10,000 lot size): $0.60 round turn, Standard Contract (100,000 lot size): $6.00 round turn
Spread (typical, fixed, variable)
NA
Variable
Per Lot Fees
NA
NA
Options Contract Fees
$0.65 per contact
NA
Futures Contract Fees
NA
NA
Markup Fees on Spread
NA
NA
Guaranteed Stop Loss Fees
NA
NA
Maximum Leverage
No
200:1
Non-Trading Fees
Dormant Fees
$0
$50 of 6 months of inactivity
Subscription Fees (for premium features, data feeds)
NA
NA
Advisory Fees
0.85%
NA
Swap Fees (Overnight Financing)
Yes
Yes
Statement or Document Fee
NA
NA
Account Opening Fee
$0
NA
Account Maintenance Fee
$0
NA
Deposit Fee
$0
Bank wire- $0, Crypto- 1.00%
Currency Conversion Fee
Varies for ADRs
Depends on the bank and the specific transaction
Withdrawal Fee
Wire transfer fee-$25
International EUR/ USD/ CAD - $30/ 40/ 40, Crypto- 0.20% fee
Bonuses, Promotions & Benefits
Bonuses, Promotions, and Referrals
Yes
Yes
Customer Benefits (e.g., Retirement Plan)
Yes
No
Trading Hours
Trading Hours (for each asset class if applicable)
Pre-market trading: 7:00 AM to 9:30 AM ET, Regular trading hours: 9:30 AM to 4:00 PM ET, After-hours trading: 4:01 PM to 8:00 PM ET
Forex- 5:05 PM EST to Friday at 5:00 PM EST, Metals- Sunday at 6:00 PM EST and 5:00 PM EST and re-opens at 6:00 PM ES
Customer Support
Support Hours (e.g., 24/7, weekdays only)
24/7
24/7
Customer Support Methods (phone, email, live chat)
Phone: 888.637.3343, Schedule an appointment
Phone: + 44 20 3318 1399, Email: [email protected], Live chat
Support Languages
2
4
Additional Information
Headquarters Location
Charlotte, North Carolina, USA
London, England, United Kingdom .
Complaints (for crypto brokers)
No
No
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