FP Markets
Merrill Edge
VS
Higher Rated
FP Markets
Capital at risk · T&Cs apply
Choosing between FP Markets and Merrill Edge depends on your trading style, preferred markets, and budget. FP Markets is headquartered in Sydney, Australia, while Merrill Edge operates from Charlotte, USA. FP Markets has the longer track record, established in 2005, 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.
FP Markets
Merrill Edge
FP Markets is the better choice overall, scoring 3.8/5 vs 3.2/5 on BrokerRank's independent rating. On fees, FP Markets offers lower spreads (0 pips).
See full side-by-side comparison belowOverall Rating
FP Markets
3.8 vs 3.2
Lowest Fees
Tied
0 vs 0 pips
Regulation
FP Markets
2 vs 1 licences
Min. Deposit
Merrill Edge
$100 vs $0
FP Markets
Merrill Edge
FP Markets
Merrill Edge
Lower feesFP Markets holds licences from ASIC, CySEC. Merrill Edge is regulated by SEC.
Both brokers offer access to Stocks, Indices markets. FP Markets additionally covers Forex, Cfd, Commodities.
FP Markets supports MT4, MT5, TradingView, Proprietary Mobile. Merrill Edge offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Mobile.
FP Markets 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 FP Markets at 3.84/5 and Merrill Edge at 3.19/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. FP Markets leads overall with a clear advantage.
FP Markets scores higher overall on our independent rating system. FP Markets holds a 3.8/5 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.
FP Markets offers spreads from 0 pips, while Merrill Edge starts at 0 pips. Check the fees section above for a full breakdown.
FP Markets requires a minimum deposit of $100. Merrill Edge requires $0.
FP Markets is regulated by ASIC, CySEC, while Merrill Edge holds licences from SEC.
FP Markets supports MT4, MT5, TradingView, Proprietary Mobile. 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.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.