Merrill Edge
OANDA
VS
Higher Rated
OANDA
Capital at risk · T&Cs apply
Compare Merrill Edge and OANDA side by side on fees, regulation, platforms and our expert ratings. Find out which broker suits your needs.
Merrill Edge
OANDA
| Merrill Edge | OANDA | |
|---|---|---|
| BrokerRank Score | 3.2/5 | 4.1/5 ✓ |
| Min. Deposit | $0 | $0 |
| Spread from | 0 pips ✓ | 0.6 pips |
| Max Leverage | 1:2 | 1:50 ✓ |
| Regulation | SEC | FCA, CFTC, ASIC ✓ |
| Platforms | Proprietary Web, Proprietary Mobile | MT4, Proprietary Web, Proprietary Mobile |
OANDA is the better choice overall, scoring 4.1/5 vs 3.2/5 on BrokerRank's independent rating. On fees, Merrill Edge offers lower spreads (0 pips).
See full side-by-side comparison belowMerrill Edge
OANDA
WinnerMerrill Edge
Lower feesOANDA
Merrill Edge scores 3.19/5 while OANDA scores 4.09/5 in our independent rating.
OANDA edges ahead overall, but Merrill Edge may suit traders who prioritise different features. Read our full reviews for a detailed breakdown. Scores are based on our transparent methodology.
Merrill Edge
3.2/5
Choose Merrill Edge if you want…
OANDA
4.1/5
Choose OANDA if you want…
OANDA scores higher overall on our independent rating system. Merrill Edge holds a 3.2/5 rating vs OANDA's 4.1/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
Merrill Edge offers spreads from 0 pips, while OANDA starts at 0.6 pips. Check the fees section above for a full breakdown.
Merrill Edge requires a minimum deposit of $0. OANDA requires $0.
Merrill Edge is regulated by SEC, while OANDA holds licences from FCA, CFTC, ASIC, MAS.
Merrill Edge supports Proprietary Web, Proprietary Mobile. OANDA supports MT4, 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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BrokerRank Research — MT4 vs MT5 vs proprietary
Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.