Merrill Edge Review

Company Overview: Merrill Edge

Merrill Edge is a leading online stock broker that is a great choice for beginner and experienced investors alike. As part of Bank of America, investors who want a top online stock broker and have access to over 2,000 physical branches like Merrill Edge. Merrill Edge also offers strong customer service 24/7.

Merrill Edge Overview

Merrill Edge offers attractive rates and terms compared with other top online stock brokers:

Account Minimum: $0

Commission: $6.95 per trade

Options: $6.95 + $0.75 per contract

Real-Time Data: Yes

Screening Tools: Yes

Research: Yes

Charts: Yes

Able To Trade: stocks, bonds, mutual funds, ETFs, options

Inactivity Fee: $0

Outgoing Transfer Fee: $49.95

How Merrill Edge Compares: Key Benefits Of Merrill Edge

Here are some of the reasons that investors love Merrill Edge:

  • Account Minimum:You can open a Merrill Edge online stock brokerage account with $0.
  • Commission-Free:Merrill Edge offers more than 3,000 commission-free mutual funds.
  • Real-Time:Merrill Edge offers real-time quotes and data.
  • Other Features:Merrill Edge offers free research and data, free investment screening tools and a customizable dashboard.
  • Customer Support:Merrill Edge offers 24/7 customer support.

Bottom Line: Is Merrill Edge right for you?

Merrill Edgehas a top reputation as an online stock broker.Its excellent trading platform, real-time data, free research and screening tools makes Merrill Edge a solid investment platform. If you are looking for a low commission online stock broker, then Merrill Edge can be a reliable match.

You can trade on Merrill Edge’s mobile app. Also, Merrill Edge has its own physical branches through Bank of America, which can be helpful if you need in-person customer support. You can ask for a Merrill Edge Solutions Advisor at a branch, or connect with 24/7 customer support, including chat and email.

Merrill Edge offers more than 3,000 commission-free mutual funds, making it one of the best commission-free online stock broker platforms.

If you are an active trader, you can gain access to Merrill Edge MarketPro. To be eligible for Merrill Edge MarketPro, you must maintain a balance of $50,000+ or make at least 15 trades per quarter.

Next Steps: How To Apply To Merrill Edge

You can open a Merrill Edge account online within a few minutes, and the process is simple.


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Account Minimum: $0

Details

  • Supports personal brokerage accounts, joint brokerage accounts, traditional IRAs, Roth IRAs, SEP IRAs and trusts
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  • Free automatic portfolio rebalancing
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  • Customer support: M-F 8 a.m. – 8 p.m. EST; email 24/7

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Account Minimum: $0

Details

  • Supports personal brokerage accounts, joint brokerage accounts, traditional IRAs, rollover IRAs, Roth IRAs, SEP IRAs and trusts
  • Portfolio of low-cost, diversified ETFs from 12 asset classes
  • Free automatic portfolio rebalancing
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  • Customer support: 7 days a week
  • Unlimited access to licensed financial advisors

Overview

Account Minimum: $500

Details

  • Supports personal brokerage accounts, joint brokerage accounts, traditional IRAs, rollover IRAs, Roth IRAs, SEP IRAs and trusts
  • Portfolio of low-cost, diversified ETFs from 11 asset classes
  • Free automatic portfolio rebalancing
  • Free tax loss harvesting
  • Unlimited access to licensed financial advisors

Overview

Account Minimum: $0

Details

  • Supports personal brokerage accounts, traditional IRAs, rollover IRAs, Roth IRAs, SEP IRAs and trusts
  • Portfolio of low-cost, diversified ETFs from 9 asset classes
  • Free automatic portfolio rebalancing
  • Customer service: M-F 11 a.m. – 7 p.m. eastern

Overview

Account Minimum: $5,000

Details

  • Supports personal brokerage accounts, joint brokerage accounts, traditional IRAs, rollover IRAs, Roth IRAs, SEP IRAs and trusts
  • Portfolio of low-cost, diversified ETFs from 20 asset classes
  • Free automatic portfolio rebalancing
  • Free tax loss harvesting for accounts with a minimum $50,000 balance
  • Free access to licensed financial advisors
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Overview

Account Minimum: $50,000

Details

  • Supports personal brokerage accounts, joint brokerage accounts, traditional IRAs, rollover IRAs, Roth IRAs, SEP IRAs and trusts
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Overview

Account Minimum: $100,000

Details

  • Supports personal brokerage accounts, joint brokerage accounts, traditional IRAs, Roth IRAs, SEP IRAs and trusts
  • Portfolio of low-cost, diversified ETFs
  • Free automatic portfolio rebalancing
  • Free tax loss harvesting
  • Access to financial advisors

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