Merrill Edge Review
Merrill Edge accounts linkable to any Bank of America account; up to 30 free trades per month with $25,000 minimum balance; great customer support.
Advanced order types not supported; expensive fees for early sale of any mutual fund; limited educational resources.
Bank of America clients looking for an easy way to invest in the stock market.
|Commissions & Fees||N/A|
|Platform & Tools||N/A|
|Ease of Use||N/A|
2013 Review Star Ratings
N/A - Not Applicable
|N/A||Commissions & Fees|
|N/A||Platforms & Tools|
N/R - Not Ranked in Top 10
N/A - Not Applicable
Compare Merrill Edge to Key Competitors
Trade Commissions Breakdown
|$6.95||Flat-Fee Trade Plan*|
|N/A||Per-Share Trade Plan|
|$6.95||Options Base Trade Fee*|
|N/A||Options Exercise Fee|
|N/A||Options Assignment Fee|
|$39.95||Mutual Fund Trade Fee|
|$44.95||Broker Assisted Trade Fee|
|N/A||Bond Trade Fee|
|N/A||Treasury Trade Fee|
|N/A||Certificate of Deposit (CD) Trade Fee|
|N/A||Interactive Voice Response (IVR) Phone Trade Fee|
|N/A||IRA Annual Fee|
|N/A||IRA Closure Fee|
|N/A||Forced-Margin Sellout Fee|
|N/A||Returned ACH Fee|
|N/A||Returned Wire Transfer Fee|
|N/A||Stock Certificate Processing Fee|
|N/A||Stock Certificate Delivery Fee|
|N/A||Paper Statement Fee|
|N/A||Paper Confirmation Fee|
|N/A||Outgoing Domestic Wire Transfer Fee|
|N/A||Outgoing International Wire Transfer Fee|
Commission NotesMerrill Edge commissions structure details below.
Stock Trades - Flat rate $6.95. Receive up to 30 free trades per month with an account balance of atleast $25,000. After hours trades are supported but trailing stops and contingent orders (advanced order types) are not.
Options Trades - $6.95 + $.75 per contract.
Mutual Funds - $44.95 per trade. Any sale within 90 days of purchase is subject to a 0.75% gross proceeds fee ($50 minimum, $250 maximum).
International Trading - International Trading not currently offered.
Other Investments - Merrill Edge does not support futures and forex.
Merrill Edge was reviewed by Blain Reinkensmeyer on 2013-02-19.
Misc. Account Information
|N/A||No. of Commission-Free ETFs|
|N/A||No. of Retail Locations|
|N/A||No. of Mutual Funds (w/ Load)|
|N/A||No. of Mutual Funds (No Load)|
|N/A||No. of 3rd Party Research Report Providers|
|N/A||Max. No. of Legs (Complex Options)|
|No Minimum Deposit|
|No Maintenance Fees|
|Online Trader Community|
|Live Chat Support|
|24/7 Customer Support|
|Long Term Trading|
|Credit Card Accounts|
|Debit Card Accounts|
Trading Platform Features
|Web Browser Platform|
|Windows Desktop Platform|
|Mac Desktop Platform|
Active Trading Features
|Direct routing offered to clients|
|Broker receives payments for order flow|
|Broker internalizes trades|
|Clients receive rebates for adding liquidity|