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Fidelity Investments vs Merrill Edge Review

Review conducted by and last updated on 09/01/2016

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    Overall
    Commissions & Fees
    Offering of Investments
    Platform & Tools
    Research
    Customer Service
    Mobile Trading
    Ease of Use
    Education
    Order Execution
    Banking
    Flat-fee Trade Plan*
    Per-Share Trade Plan
    Mutual Fund Trade Fee*
    Options Trade Base
    Options Per Contract
    Options Exercise Fee
    Options Assignment Fee
    Broker Assisted Trades
    Minimum Deposit
    Stock Trading
    Options Trading
    Mutual Funds
    FOREX Trading
    Futures Trading
    Desktop Based Platform
    Web Based Platform
    Virtual Trading
    No Minimum Deposit
    No Inactivity Fees
    No-Fee IRAs
    Commission Free ETFs
    Mutual Funds (No Load)
    Mutual Funds (Total)
    # of Easy to Borrow Stocks
    Retail Locations
    iPhone App
    iPad App
    Android App
    Android Tablet App
    Mobile Site
    Checking Accounts
    Savings Accounts
    Credit Card Accounts
    Debit Card Accounts
    Mortgage Loans
    No Fee Banking
    Under $25k
    $25k - $49k
    $50k - $99k
    $100k - $249k
    $250k - $499k
    $500k - $999k
    Above $1,000,000
  • Fidelity Investments Fidelity Investments Read Full Review Open Account
    Exclusive: Get 300 commission-free trades and 2 years to use them - Learn More
     
     
     
     
     
     
     
     
     
     
     
     
     
    $7.95
    N/A
    $49.95
    $7.95
    $0.75
    $7.95
    $7.95
    $32.95
    $2,500.00
     
     
     
    85
    6213
    13468
    3396
    188
     
     
     
    8.08%
    7.58%
    7.08%
    6.58%
    6.58%
    3.75%
    3.75%
  • Merrill Edge Merrill Edge Read Full Review Open Account Advertisement
    Special Offer: Invest in a new account and get up to $600 - Learn More Advertisement
     
     
     
     
     
     
     
     
     
     
     
     
     
    $6.95
    N/A
    $19.95
    $6.95
    $0.75
    $6.95
    $6.95
    $29.95
    $0.00
     
     
     
    0
    2691
    16263
    3720
    2000
     
     
     
    8.63%
    7.50%
    7.50%
    6.13%
    6.13%
    5.88%
    5.25%
The StockBrokers.com 2014 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 2014, 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.

Related Links

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All pricing data was obtained from a published web site as of 2/16/2016 and is believed to be accurate, but is not guaranteed. The StockBrokers.com staff is constantly working with its online broker representatives to obtain the latest pricing data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. For options orders, an options regulatory fee per contract may apply.





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