Eightcap
Merrill Edge
VS
Higher Rated
Eightcap
Capital at risk · T&Cs apply
Choosing between Eightcap and Merrill Edge depends on your trading style, preferred markets, and budget. Eightcap is headquartered in Melbourne, Australia, while Merrill Edge operates from Charlotte, USA. Eightcap has the longer track record, established in 2009, compared to Merrill Edge which was founded in 2010. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
Eightcap
Merrill Edge
Eightcap is the better choice overall, scoring 3.6/5 vs 3.2/5 on BrokerRank's independent rating. On fees, Eightcap offers lower spreads (0 pips).
See full side-by-side comparison belowOverall Rating
Eightcap
3.6 vs 3.2
Lowest Fees
Tied
0 vs 0 pips
Regulation
Eightcap
3 vs 1 licences
Min. Deposit
Merrill Edge
$100 vs $0
Eightcap
Merrill Edge
Eightcap
Merrill Edge
Lower feesEightcap holds licences from ASIC, FCA, CySEC. Merrill Edge is regulated by SEC.
Both brokers offer access to Indices markets. Eightcap additionally covers Forex, Cfd, Crypto, Commodities. Merrill Edge adds Stocks.
Eightcap supports MT4, MT5. Merrill Edge offers Proprietary Web, Proprietary Mobile.
Eightcap requires a minimum deposit of $100, while Merrill Edge sets no minimum deposit. This makes Merrill Edge accessible to traders with any budget.
BrokerRank scores Eightcap at 3.62/5 and Merrill Edge at 3.19/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Eightcap leads overall with a clear advantage.
Eightcap scores higher overall on our independent rating system. Eightcap holds a 3.6/5 rating vs Merrill Edge's 3.2/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
Eightcap offers spreads from 0 pips, while Merrill Edge starts at 0 pips. Check the fees section above for a full breakdown.
Eightcap requires a minimum deposit of $100. Merrill Edge requires $0.
Eightcap is regulated by ASIC, FCA, CySEC, while Merrill Edge holds licences from SEC.
Eightcap supports MT4, MT5. Merrill Edge supports Proprietary Web, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Only 26% of Brokers Are Truly Fee-Free
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76% of Brokers Use Proprietary Platforms
BrokerRank Research — MT4 vs MT5 vs proprietary
Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.