Merrill Edge vs Fusion Markets : Fees, Safety & Trading Conditions Compared (2026)

Broker Name

Merrill Edge

Fusion Markets

Broker Overview

Broker Type (e.g., Market Maker, ECN/STP)

ECN broker

Years of Existence / Established Year

2010

2017

Customer Base / Number of Accounts

3.5+ Million Clients

No information

Regulation & Security

Regulations (governing bodies)

SEC, FINRA

ASIC, VFSC, and FSA

Awards Won (count for the last 2 years)

Kiplinger 2023 Annual Broker Review, StockBrokers.com 2024 Annual Broker Review

Best MetaTrader Broker, Lowest Spread Forex Broker, Lowest Commission Forex Broker in 2023, 2024

Security Measures

SIPC

SSL Encryption / 2FA

Yes

Segregated Funds

Yes

Negative Balance Protection

Yes

Yes* Restriction for some regions

Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

CDs, Fixed income

12+ metals including energies, US shares CFDs

Currency Pairs

Yes

Commodities

Yes

Indices

Yes

Cryptocurrencies

Yes

CFDs

Yes

ETFs

Yes

Stocks

Yes

Options

Yes

Futures

Bonds

Yes

Mutual Funds

Yes

Fractional Shares

Exchange Traded Notes (ETNs)

Precious Metals

Yes

Real Estate Investment Trusts (REITs)

Equities

Yes

Trading Platforms & Technology

Trading Platform Availability

Yes

MT4

Yes

MT5

Yes

cTrader

Yes

Social Trading

Copy Trading

Yes

Other Trading Platforms (proprietary, etc.)

Merrill Edge MarketPro (proprietary), Merrill Edge Self-Directed platform (web-based), Mobile app (Merrill Edge)

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Account Types & Conditions

Account Types (Retail, Pro, VIP, etc.)

Individual, Joint, Custodial, Trust, and Retirement (IRA), 529 plans

Zero, Classic, Swap free accounts

Demo Account (Yes/No)

Yes

Islamic Accounts (Yes/No)

Yes

Minimum Deposit

Leverage Available

10:1- 500:1

Trade Limit (maximum per trade)

Depends on asset class

50,000,000 USD

Commission (per account type)

Zero account- $4.5, Classic account -$0

Best Suited For (e.g., beginners, experienced traders)

Beginners to intermediate traders

Beginners and active traders

Deposit & Withdrawal Options

Deposit Methods

ACH transfer, wire transfer, check deposit, transfers from Bank of America

Dragon pay, Wire Transfer, SEPA (Single Euro Payments Area), Transferwise, Visa, MasterCard, Credit card, Debit card, Bitcoin payments , Ethereum payments, e-wallets

Withdrawal Methods

ACH transfer, wire transfer, check deposit, transfers from Bank of America

Dragon pay, Wire Transfer, SEPA (Single Euro Payments Area), Transferwise, Visa, MasterCard, Credit card, Debit card, Bitcoin payments , Ethereum payments, e-wallets

Other E-Wallets Supported

Skrill, Neteller, PayPal, Sticpay, FasaPay, Perfect Money, JetonCash, AstroPay, PayID, Doku Wallet

Tools & Educational Resources

Economic Calendar

Yes

Tools & Educational Resources (tutorials, webinars, market news, etc.)

Investing Education, Retirement Planning, Market Insights, Webinars and Online Seminars, Investment Guides and Tools

Trading Education, Market Analysis, Webinars, Video Tutorials, Trading Guides and eBooks, Market Insights and News

Fees & Commissions

Trading-Related Fees

Commission- $0 stock and ETFs, broker-assisted trade- $29.95 or $29.95 * + $0.65 per contract

Commission- $2.25 per side, Spread starts from 0.0 pips

Spread (typical, fixed, variable)

Fixed and variable spreads

Per Lot Fees

$4.50

Options Contract Fees

$0.65 per contact

Futures Contract Fees

Markup Fees on Spread

0.0 pip

Guaranteed Stop Loss Fees

Maximum Leverage

500:1

Non-Trading Fees

Dormant Fees

Subscription Fees (for premium features, data feeds)

Advisory Fees

0.85%

Swap Fees (Overnight Financing)

Yes

Statement or Document Fee

Account Opening Fee

Account Maintenance Fee

Deposit Fee

Currency Conversion Fee

Varies for ADRs

Withdrawal Fee

Wire transfer fee-$25

International wire transfers $20 to $30.

Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Customer Benefits (e.g., Retirement Plan)

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

Varies by product

Customer Support

Support Hours (e.g., 24/7, weekdays only)

24/7

Customer Support Methods (phone, email, live chat)

Phone: 888.637.3343, Schedule an appointment

E-mail: [email protected], Phone: +61 3 8376 2706, Live chat

Support Languages

12+

Additional Information

Headquarters Location

Charlotte, North Carolina, USA

Govant Building,BP 1276 Port Vila,Vanuatu.

Complaints (for crypto brokers)

At TradingCritique, we don't just list brokers. We test, compare, and simplify your decision-making. Whether you're a beginner or a pro, our data-driven comparisons are built to match your trading style and region. Learn how we Evaluate a broker.

If minimizing trading costs is your top priority, Merrill Edge might be more attractive due to its lower commissions. Meanwhile, Fusion Markets justifies its moderate fees with more robust tools and professional-grade features.

Merrill Edge offers a quick and paperless account setup that appeals to traders on the go, whereas Fusion Markets more involved onboarding process adds an extra layer of safety and regulatory checks.

If you're trading on-the-go, Merrill Edge mobile platform is fluid and intuitive. Fusion Markets desktop and web apps are more robust, making them suitable for in-depth trading sessions.

Merrill Edge strength lies in high-performance trading, while Fusion Markets provides a more accessible route for everyday investors.

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