XM
Merrill Edge
VS
Higher Rated
XM
Capital at risk · T&Cs apply
Choosing between XM and Merrill Edge depends on your trading style, preferred markets, and budget. XM is headquartered in Limassol, Cyprus, while Merrill Edge operates from Charlotte, USA. XM 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.
XM
Merrill Edge
XM is the better choice overall, scoring 3.9/5 vs 3.2/5 on BrokerRank's independent rating. On fees, Merrill Edge offers lower spreads (0 pips).
See full side-by-side comparison belowOverall Rating
XM
3.9 vs 3.2
Lowest Fees
Merrill Edge
0.6 vs 0 pips
Regulation
XM
3 vs 1 licences
Min. Deposit
Merrill Edge
$5 vs $0
XM
Merrill Edge
XM
Merrill Edge
Lower feesXM holds licences from ASIC, FCA, CySEC. Merrill Edge is regulated by SEC.
Both brokers offer access to Stocks, Indices markets. XM additionally covers Forex, Cfd, Commodities.
On spreads, Merrill Edge is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at XM.
XM supports MT4, MT5, Proprietary Mobile. Merrill Edge offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Mobile.
XM requires a minimum deposit of $5, while Merrill Edge sets no minimum deposit. This makes Merrill Edge accessible to traders with any budget.
BrokerRank scores XM at 3.92/5 and Merrill Edge at 3.19/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. XM leads overall with a clear advantage.
XM scores higher overall on our independent rating system. XM holds a 3.9/5 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.
XM offers spreads from 0.6 pips, while Merrill Edge starts at 0 pips. Check the fees section above for a full breakdown.
XM requires a minimum deposit of $5. Merrill Edge requires $0.
XM is regulated by CySEC, ASIC, FCA, while Merrill Edge holds licences from SEC.
XM supports MT4, MT5, 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.