Merrill Edge vs IIFL

Merrill Edge vs IIFL Comparison Table 2023
Merrill Edge	IIFL
Review 2.8 Merrill Edge is #38 in our broker rankings.	Review Not Yet Rated IIFL is #38 in our broker rankings.
Traders from US accepted	Traders from US accepted
Merrill Edge is one of the best online brokers for investors in the United States.	IIFL is one of the top Indian brokers offering competitive Demat accounts with low fees.
Awards
#1 for ESG & Sustainable Investing #1 for Banking Services #1 for Client Experience (Self-Directed)
Bonus
$600 Transfer Bonus	Gift vouchers worth up to ₹5000
Instruments
Stocks, Mutual Funds, ETFs, Options, Bonds	Stocks, Futures, Options, Forex
Demo Account
No	No
Minimum Deposit
$0	1000 Rs
Payment Methods
Automated Customer Account Transfer Service Cheque Wire Transfer	Cheque Wire Transfer
Minimum Trade
0.01 lots
Regulator
SEC, FINRA	SEBI
Margin Trading
Yes	Yes
Margin Rate
8.625%
MetaTrader 4
No	No
MetaTrader 5
No	No
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	No
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
No	No
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	Yes
AI / Machine Learning
No	No
Robo Advisor
Yes	No
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
iOS & Android	IIFL Markets & IIFL Mutual Funds
Copy Trading
No	No
Social Trading
No	No
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
Yes	No
Custodial Account
Yes	No
Guaranteed Stop Loss
No	No
Islamic Account
No	No
Account Currencies
USD	INR
Stock Exchanges
	Bombay Stock Exchange National Stock Exchange Of India
Commodities
Gold Oil Silver	Gold Oil Silver
Forex Trading
Forex trading not offered	IIFL offers forex trading on a range of pairs with the Indian Rupee (INR).
GBPUSD Spread
	Not offered
EURUSD Spread
	Not offered
EURGBP Spread
	Not offered
Assets
	20+

Review	Review
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