Merrill Edge vs Chase You Invest Trade Review
The StockBrokers.com annual review (9 years running) takes six months to complete and produces over 30,000 words of research each year. Here's how we test.
Is Merrill Edge better than Chase You Invest Trade? After scoring brokers in nine separate categories for our 2019 review, Merrill Edge (77.93%) is better than Chase You Invest Trade (35.77%). Merrill Edge offers investors an excellent rewards program and a well-rounded package worth being a customer for, especially Bank of America clients.
First, we will break down the commission charges of both brokers for placing stock and options trades. Merrill Edge charges more than Chase You Invest Trade for placing regular stock trades ($6.95 and $2.95, respectively). Looking at trading options, Merrill Edge's base fee is $6.95 while Chase You Invest Trade's is $N/A. Option contracts are pricier at Chase You Invest Trade, costing $N/A versus $0.75 at Merrill Edge. Instead of flat rate fees, several brokers charge a per-share fee instead. For a complete review of trading charges, read our full online broker reviews.
Next, investors want to make sure they can trade the investment vehicle they want. Chase You Invest Trade offers clients Stock Trading and Mutual Funds while Merrill Edge offers Stock Trading, Options Trading and Mutual Funds. As far as mutual funds go, 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.
Finally, by comparing the each broker's website and platform features, we can surface interesting differences. Neither Chase You Invest Trade and Merrill Edge offer virtual trading. For 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. Online banking is also used by many customers, and multiple full-service brokerages provide these services. Both Chase You Invest Trade and Merrill Edge offer Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans.
Overall, between Chase You Invest Trade and Merrill Edge, Merrill Edge is the winner.
Chase You Invest Trade Review
Merrill Edge Review
All pricing data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. 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.
*INVESTMENT PRODUCTS: NOT A DEPOSIT · NOT FDIC INSURED · NO BANK GUARANTEE · MAY LOSE VALUE