Comparing brokers side by side is no easy task. For our annual broker review, we assess over a dozen brokers on hundreds of different variables to find the best online broker. Yielding a database of over 4,000 data points, let's compare Chase You Invest Trade vs Merrill Edge.
To start this comparison, first, we will take a look at the online broker commission rates for placing regular stock and options trades. Merrill Edge charges more than Chase You Invest Trade for placing regular stock trades ($6.95 and $2.95, respectively). For options trading, Merrill Edge has a base fee of $6.95, and Chase You Invest Trade a base fee of $2.95. Option contracts at both of the brokerages are the same at $0.75 each. It's important to note that not all brokers charge a flat fee per trade. Thus, it is important to read the full commission notes for each broker, which we include with each online broker review.
Next to commission rates, being able to trade what you want is important. Both Chase You Invest Trade and Merrill Edge support Stock Trading, Options Trading and Mutual Funds. Looking at mutual funds, Chase You Invest Trade trails Merrill Edge by 1,009 total mutual funds, with Merrill Edge offering 3709 and Chase You Invest Trade offering 2700.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. Neither Chase You Invest Trade and Merrill Edge offer virtual trading. Taking a look at mobile trading, Chase You Invest Trade supports the iPhone App and Android App while Merrill Edge supports the iPhone App, iPad App and Android App. Not to be left out, online banking is also a nice benefit for many investors, and some brokerages provide these services to clients. Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are available to customers of Chase You Invest Trade and Merrill Edge.
Overall, between Chase You Invest Trade and Merrill Edge, Merrill Edge is the winner.
Chase You Invest Trade Review
Merrill Edge Review