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Merrill Edge vs Interactive Investor : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
Merrill Edge
Interactive Investor
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
ECN broker
None
Years of Existence / Established Year
2010
1995
Customer Base / Number of Accounts
3.5+ Million Clients
over 430,000
Regulation & Security
Regulations (governing bodies)
SEC, FINRA
FCA
Awards Won (count for the last 2 years)
Kiplinger 2023 Annual Broker Review, StockBrokers.com 2024 Annual Broker Review
Best Stocks and Shares ISA - The Times Money Mentor Awards 2024 Boring Money Best Buy ISA - AIC Shareholder Engagement Award 2024 Boring Money Best Buy Pension - AIC Shareholder Engagement Award 2024 Best online stock broker 2023 - ADVFN International Financial Awards
Security Measures
SIPC
FSCS
SSL Encryption / 2FA
Yes
Yes
Segregated Funds
Yes
Yes
Negative Balance Protection
Yes
No
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
CDs, Fixed income
43,000 + funds, Shares, Glits
Currency Pairs
No
Yes
Commodities
No
Yes
Indices
No
Yes
Cryptocurrencies
No
No
CFDs
No
No
ETFs
Yes
Yes
Stocks
Yes
Yes
Options
Yes
No
Futures
No
No
Bonds
Yes
Yes
Mutual Funds
Yes
Yes
Fractional Shares
Exchange Traded Notes (ETNs)
No
No
Precious Metals
No
Yes
Real Estate Investment Trusts (REITs)
No
Yes
Equities
No
No
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
No
No
MT5
No
No
cTrader
No
No
Social Trading
Yes
Copy Trading
No
No
Other Trading Platforms (proprietary, etc.)
Merrill Edge MarketPro (proprietary), Merrill Edge Self-Directed platform (web-based), Mobile app (Merrill Edge)
Online ii Community - for social trading
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
Yes only Web
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
Individual, Joint, Custodial, Trust, and Retirement (IRA), 529 plans
Trading Account SIPP Stocks & Shares ISA Junior ISA Cash Savings Managed ISA Joint Trading Account Company Account
Demo Account (Yes/No)
Yes
No
Islamic Accounts (Yes/No)
No
No
Minimum Deposit
$0
Euro 250
Leverage Available
No
Info not available
Trade Limit (maximum per trade)
Depends on asset class
Varies for each product
Commission (per account type)
$0
Monthly fee ISA / Trading account - £ 4.99 for investment upto £ 50,000 - £ 11.99 (no limit) SIPP - £ 5.99 for investment upto £50,000 - £12.99 (no limit) ISA + Trading Account + SIPP - £ 9.99 for investment upto £75,000 - £ 21.99 (no limit)
Best Suited For (e.g., beginners, experienced traders)
Beginners to intermediate traders
Beginners
Deposit & Withdrawal Options
Deposit Methods
ACH transfer, wire transfer, check deposit, transfers from Bank of America
Cash savings Ac - Bank transfer Debit cards Cheque Payit from Natwest
Withdrawal Methods
ACH transfer, wire transfer, check deposit, transfers from Bank of America
Bank Transfer
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
StockScreener - Intuitive tool to explore the markets
Fees & Commissions
Trading-Related Fees
Commission- $0 stock and ETFs, broker-assisted trade- $29.95 or $29.95 * + $0.65 per contract
UK & US shares, funds, ETFs, bonds and gilts - £3.99, Other international shares - £9.99 / £5.99 (Super Investor), Dividend reinvestment - £0.99, For value over £100,000 - 0.04% of trade value, Buying / Selling other international shares - £9.99, For value over £25,000 - 0.10% of trade value, International trading fees for super investors - £5.99
Spread (typical, fixed, variable)
NA
Info not available
Per Lot Fees
NA
£ 3.99 per trade
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
Info not available
Non-Trading Fees
Dormant Fees
$0
$0
Subscription Fees (for premium features, data feeds)
NA
Super Investor plan - £ 19.99 per month Super Investor + SIPP = £29.99 per month
Advisory Fees
0.85%
$0
Swap Fees (Overnight Financing)
Yes
NA
Statement or Document Fee
NA
NA
Account Opening Fee
$0
NA
Account Maintenance Fee
$0
Administrative charges Share certificate withdrawal - £ 35 + VAT - Per certificate Failed payments or late settlement - £ 25 Paper documents - £ 3 + VAT per document Contract notes sent by post - £ 1.50 + VAT per document VCTs processing charge - £ 30 per application
Deposit Fee
$0
£ 0
Currency Conversion Fee
Varies for ADRs
Value converted FX charge £ 0 - £ 24,999.99 1.5% £ 25,000 - £ 49,999.99 1.25% £ 50,000 - £ 99,999.99 1.00% £ 100,000 - £ 599,999.99 0.50% £ 600,000 or more 0.25%
Withdrawal Fee
Wire transfer fee-$25
Urgent withdrawals cost - £15
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
UK- Pre-market: 7 AM - 9:30 AM After-hours: 4:05 PM - 8 PM
Customer Support
Support Hours (e.g., 24/7, weekdays only)
24/7
7.45am to 5.30pm (GMT) Monday - Friday
Customer Support Methods (phone, email, live chat)
Phone: 888.637.3343, Schedule an appointment
Tel: 0345 607 6001 From abroad: +44 113 346 2309
Support Languages
2
1
Additional Information
Headquarters Location
Charlotte, North Carolina, USA
Leeds One Embankment, Neville Street, Leeds, LS1 4DW
Complaints (for crypto brokers)
No
No
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