Published by Brandon Reinkensmeyer
Wednesday, January 4th, 2017
StockBrokers.com 2016 review compares Merrill Edge vs Scottrade. Compare Merrill Edge and Scottrade trade commissions, fees and overall broker ratings by using the chart above. Is Merrill Edge or Scottrade a better online broker? The StockBrokers.com staff breaks down all the key broker features, rates, and commissions charged to clients to determine the best broker.
Scottrade ($17.00) has minimal mutual fund trade commission savings when compared to Merrill Edge ($19.95). The small amount of commission variance would only be pertinent for high volume trading which is very uncommon with mutual funds specifically. Merrill Edge ($6.95) has a slight per trade stock price advantage over Scottrade ($7.00). This marginal difference of $0.05 should be taken into consideration by very high volume traders.
The Merrill Edge's "Overall" rating of 5 stars is a slight advantage over Scottrade's "Overall" rating of 4 stars.
Both Merrill Edge and Scottrade have an iPhone App for mobile trading. An iPad app for mobile trading on the popular tablet is available for Merrill Edge and Scottrade to download on iTunes.
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.