The StockBrokers.com annual broker review assesses more than a dozen different brokers over six months, surfacing the best online stock brokers
. This review compares Chase You Invest Trade vs Merrill Edge. Is Chase You Invest Trade or Merrill Edge a better online broker?
First, we will make a comparison of the stock and option trading fees for trading with both brokers. Merrill Edge charges $6.95 per stock trade which is $4.00 more than Chase You Invest Trade which charges customers $2.95 per trade. With options, the base fees charged are $N/A (Chase You Invest Trade) and $6.95 (Merrill Edge). Merrill Edge's per contract rate of $0.75 is less than Chase You Invest Trade which charges $N/A. Note that some brokers charge a per-share fee instead of a flat-fee commission. For a full breakdown of commissions, read our online broker reviews
For our next comparison of these two brokers, being able to trade the way you want is a must. Chase You Invest Trade supports Stock Trading and Mutual Funds while Merrill Edge supports Stock Trading, Options Trading and Mutual Funds. When it comes to mutual funds, Merrill Edge offers its clients access to 3709 different mutual funds while Chase You Invest Trade has 2700 available funds, a difference of 1,009. Commission free ETFs can also be a nice plus, which in this case means trading a possible N/A commission free ETFs at both brokers.
Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. Neither broker offers virtual trading. For mobile trading, Chase You Invest Trade offer clients access to an iPhone App and Android App while Merrill Edge has an iPhone App, iPad App and Android App. Furthermore, some investors like to bank online, and multiple 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. On the whole, when it comes to tools, research, and mobile trading, both Chase You Invest Trade and Merrill Edge found themselves without awards for Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading.
Overall, Merrill Edge takes the upper hand with 4.00 stars over Chase You Invest Trade's 3.00 stars.