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Merrill Edge vs ATFX : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
Merrill Edge
ATFX
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
ECN broker
ECN
Years of Existence / Established Year
2010
2017
Customer Base / Number of Accounts
3.5+ Million Clients
254,000 +
Regulation & Security
Regulations (governing bodies)
SEC, FINRA
FCA FSCA ASIC SCA , FSC, FSA CySEC FSC Seychelles FSA SFC
Awards Won (count for the last 2 years)
Kiplinger 2023 Annual Broker Review, StockBrokers.com 2024 Annual Broker Review
Best Global Forex Broker 2024 Best Global Forex Chairman 2024 Best Forex MT4 Broker - Asia 2024 in Global Brand Magazin Awards 2024 Most trusted forex broker in Asia 2023 in FAME awards
Security Measures
SIPC
ATFX Client funds insurance up to USD1,000,000,
SSL Encryption / 2FA
Yes
No
Segregated Funds
Yes
Yes
Negative Balance Protection
Yes
Yes (Not for professional clients)
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
CDs, Fixed income
300+ instruments 15+ US, European & Asian stock indices, shares
Currency Pairs
No
Yes
Commodities
No
Yes
Indices
No
Yes
Cryptocurrencies
No
Yes
CFDs
No
Yes
ETFs
Yes
Yes
Stocks
Yes
Yes
Options
Yes
Yes
Futures
No
Yes
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
Yes
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)
ATFX Mobile Trading App
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
Micro, Classic, Premium, Raw
Demo Account (Yes/No)
Yes
Yes
Islamic Accounts (Yes/No)
No
No
Minimum Deposit
$0
$100
Leverage Available
No
1:400
Trade Limit (maximum per trade)
Depends on asset class
30 lots maximum trade
Commission (per account type)
$0
Raw- 7 USD per lot
Best Suited For (e.g., beginners, experienced traders)
Beginners to intermediate traders
Beginners & experienced
Deposit & Withdrawal Options
Deposit Methods
ACH transfer, wire transfer, check deposit, transfers from Bank of America
Bank transfers Credit card Debit card E-Wallets
Withdrawal Methods
ACH transfer, wire transfer, check deposit, transfers from Bank of America
Bank transfers Credit card Debit card E-Wallets
Other E-Wallets Supported
No
Neteller Skrill Perfect money
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
Tools MT4 & MT5 ATFX Copytrade Trading Central Autochartist ATFX Support & Resistance Indicator MT4 Indicators Position size calculators
Fees & Commissions
Trading-Related Fees
Commission- $0 stock and ETFs, broker-assisted trade- $29.95 or $29.95 * + $0.65 per contract
Spread- starts from 0.0 to 2.8 pips
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
1:400
Non-Trading Fees
Dormant Fees
$0
$0
Subscription Fees (for premium features, data feeds)
NA
$0
Advisory Fees
0.85%
$0
Swap Fees (Overnight Financing)
Yes
NA
Statement or Document Fee
NA
NA
Account Opening Fee
$0
$0
Account Maintenance Fee
$0
$0
Deposit Fee
$0
$0
Currency Conversion Fee
Varies for ADRs
0
Withdrawal Fee
Wire transfer fee-$25
5 Euro/USD charged for withdrawals below 100 EUR/USD
Bonuses, Promotions & Benefits
Bonuses, Promotions, and Referrals
Yes
Yes
Customer Benefits (e.g., Retirement Plan)
Yes
Yes
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
24x5 forex trading hours Sydney - 10pm to 7am summer session. 11pm to 8am winter session. Tokyo - 11pm to 8am summer session. 12pm to 9am winter session. London - 7am to 4pm summer session. 8am to 5pm winter session. New York - 12pm to 9pm summer session. 1am to 10pm winter session.
Customer Support
Support Hours (e.g., 24/7, weekdays only)
24/7
24x5
Customer Support Methods (phone, email, live chat)
Phone: 888.637.3343, Schedule an appointment
E mail: mailto:[email protected] Line:Taiwan 00801127901 Thailand 1800012752
Support Languages
2
10+
Additional Information
Headquarters Location
Charlotte, North Carolina, USA
1st Floor, 32 Cornhill, London EC3V 3SG, United Kingdom
Complaints (for crypto brokers)
No
No
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