The StockBrokers.com Annual Broker Review
compares Fidelity Investments vs Merrill Edge. Compare Fidelity Investments and Merrill Edge trade commissions, fees and overall broker ratings by using the chart above. Is Fidelity Investments or Merrill Edge a better online broker?
Looking at both brokers, first we will take a look at the commission rates for both placing regular stock and options trades. Fidelity Investments charges more than Merrill Edge for placing regular stock trades ($7.95 and $6.95, respectively). With options, the base fees charged are $7.95 (Fidelity Investments) and $6.95 (Merrill Edge). Contracts at both of the brokerages are the same at $0.75 each. It should be noted that not every broker uses a flat rate stock trade fee structure, so it is important to read the full commission notes (head over to any stock broker review
page, then click the "Commissions & Fees" tab).
Alongside trade commissions, being able to trade the way you want is a must. Fidelity Investments and Merrill Edge provide clients with Stock Trading, Options Trading and Mutual Funds. When it comes to mutual funds, Fidelity Investments offers its clients access to 14391 different mutual funds while Merrill Edge has 9235 available funds, a difference of 5,156.00. Commission free ETFs can also be a nice plus, with Fidelity Investments having the upper hand thanks to its 76 available ETFs compared to Merrill Edge's offering of 0.
Last but not least, by breaking down important features that each broker offers, we can really help to separate the two brokers. Neither broker offers virtual trading. For mobile trading, Fidelity Investments and Merrill Edge both have a iPhone App, iPad App and Android App. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are offered by Merrill Edge while Fidelity Investments offers Checking Accounts, Savings Accounts, Debit Cards and Credit Cards. On the whole, when it comes to tools, research, and trading on the go, Merrill Edge finished with awards for Best in Class Research in 2016, while Fidelity Investments came up with Best in Class Platforms & Tools, Best in Class Research and Best in Class Mobile Trading.
Overall, both Fidelity Investments and Merrill Edge share a rating of 4.50 stars.