Webull
Merrill Edge
VS
Higher Rated
Webull
Capital at risk · T&Cs apply
Choosing between Webull and Merrill Edge depends on your trading style, preferred markets, and budget. Webull is headquartered in New York, USA, while Merrill Edge operates from Charlotte, USA. Merrill Edge has the longer track record, established in 2010, compared to Webull which was founded in 2017. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
Webull
Merrill Edge
Webull is the better choice overall, scoring 3.6/5 vs 3.2/5 on BrokerRank's independent rating. On fees, Webull offers lower spreads (0 pips).
See full side-by-side comparison belowOverall Rating
Webull
3.6 vs 3.2
Lowest Fees
Tied
0 vs 0 pips
Regulation
Webull
2 vs 1 licences
Min. Deposit
Tied
$0 vs $0
Webull
WinnerMerrill Edge
Webull
Merrill Edge
Webull holds licences from SEC, FCA. Merrill Edge is regulated by SEC.
Both brokers offer access to Stocks, Indices markets. Webull additionally covers Crypto, Forex.
Webull supports Proprietary Web, Proprietary Mobile. Merrill Edge offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Web, Proprietary Mobile.
Webull requires no minimum deposit, while Merrill Edge sets no minimum deposit. This makes Webull accessible to traders with any budget.
BrokerRank scores Webull at 3.58/5 and Merrill Edge at 3.19/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Webull leads overall with a clear advantage.
Webull scores higher overall on our independent rating system. Webull 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.
Webull offers spreads from 0 pips, while Merrill Edge starts at 0 pips. Check the fees section above for a full breakdown.
Webull requires a minimum deposit of $0. Merrill Edge requires $0.
Webull is regulated by SEC, FCA, while Merrill Edge holds licences from SEC.
Webull supports Proprietary Web, 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.