The StockBrokers.com 2017 Brokerage Review
compares Betterment vs Merrill Edge Guided Investing. Compare Betterment and Merrill Edge Guided Investing trade commissions, fees and overall broker ratings by using the table below. Is Betterment or Merrill Edge Guided Investing 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. Betterment and Merrill Edge Guided Investing have equal fees for trading equities, $0 per trade. For options trading, both Betterment and Merrill Edge Guided Investing charge the same base fee of $0. Contracts cost $0 each at both brokerages. 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 online brokerage review
page, then navigate to the "Commission Notes" section).
Alongside trade commissions, being able to trade the way you want is a must. Betterment alongside Merrill Edge Guided Investing both do not offer Stock Trading, Options Trading, Mutual Funds, Forex Trading and Futures Trading. When it comes to mutual funds, both brokers offer the same number, . Commission free ETFs can also be a nice plus, which for investors means access to funds at both brokers.
Last but not least, by breaking down important features that each broker offers, we can really help to separate the two brokers. Neither Betterment and Merrill Edge Guided Investing have virtual trading. For mobile trading, Neither Betterment nor Merrill Edge Guided Investing supports the iPhone App, iPad App and Android App. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Banking is not popular with Betterment and Merrill Edge Guided Investing as Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are all unavailable. On the whole, when it comes to tools, research, and trading on the go, Both Betterment and Merrill Edge Guided Investing found themselves without awards for Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading in 2014.
Overall, Betterment takes the upper hand with 4.50 stars over Merrill Edge Guided Investing's 4.00 stars.