Is Chase You Invest Trade better than Merrill Edge? After testing 15 of the best online brokers over five months, Merrill Edge (88.87%) is better than Chase You Invest Trade (68.86%). Backed by parent company Bank of America, Merrill Edge delivers $0 stock and ETF trades with fantastic research and customer service. Better yet, for current banking customers, Merrill Edge's Preferred Rewards program offers the best rewards benefits across the industry.
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Merrill Edge vs Chase You Invest Trade 2020
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Special Offer
Get up to $600 when you invest in a new Merril Edge Self-Directed account. Open Account
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Special Offer
Enjoy up to $625 when you open & fund a new account with $25K+*. Open Account
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| Open Account | Open Account |
Overall Rating
| Feature | Merrill Edge | Chase You Invest Trade |
| Overall | ||
| Merrill Edge Review | Chase You Invest Trade Review |
Trading Fees
| Feature | Merrill Edge | Chase You Invest Trade |
| Minimum Deposit | $0.00 | $0.00 |
| Stock Trade Fee (per trade) | $0.00 | $2.95 |
| ETF Trade Fee | $0.00 | $2.95 |
| Options Base Fee | $0.00 | $2.95 |
| Options Per Contract Fee | $0.65 | $0.75 |
| Mutual Fund Trade Fee | $19.95 | $0.00 |
| Broker Assisted Trades Fee | $29.95 | $25.00 |
| Commissions & Fees | ||
| Winner | check_circle |
Margin Rates
| Feature | Merrill Edge | Chase You Invest Trade |
| Under $24,999.99 | 10.13% | N/A |
| $25,000.00 to $49,999.99 | 9.00% | N/A |
| $50,000.00 to $99,999.99 | 9.00% | N/A |
| $100,000.00 to $249,999.99 | 7.63% | N/A |
| $250,000.00 to $499,999.99 | 7.63% | N/A |
| $500,000.00 to $999,999.99 | 7.38% | N/A |
| Above $1,000,000.00 | 6.75% | N/A |
| Commissions & Fees | ||
| Winner | check_circle |
Account Fees
| Feature | Merrill Edge | Chase You Invest Trade |
| IRA Annual Fee | $0.00 | $0.00 |
| IRA Closure Fee | $49.95 | $75.00 |
| Returned ACH Fee | $30.00 | N/A |
| Returned Wire Fee | N/A | N/A |
| Stock Certificate Processing Fee | $500.00 | N/A |
| Stock Certificate Delivery Fee | N/A | N/A |
| Paper Statement Fee | $5.00 | $6.00 |
| Paper Confirmation Fee | $3.00 | N/A |
| Domestic Wire Fee | $24.95 | $30.00 |
| International Wire Fee | $24.95 | $30.00 |
| Commissions & Fees |
Investment Options
| Feature | Merrill Edge | Chase You Invest Trade |
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Stock Trading |
Yes | Yes |
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Fractional Shares |
No | No |
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OTCBB / Pink Sheets |
Yes | Yes |
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Options Trading |
Yes | Yes |
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Complex Options Max Legs |
2 | 1 |
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Futures Trading |
No | No |
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Forex Trading |
No | No |
| Commission-Free ETFs | all | 0 |
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Mutual Funds (No Load) |
2471 | 3500 |
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Mutual Funds (Total) |
3709 | 3500 |
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Bonds (US Treasury) |
Yes | Yes |
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Bonds (Corporate) |
Yes | Yes |
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Bonds (Municipal) |
Yes | Yes |
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Interest Sharing |
No | No |
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Advisor Services |
Yes | Yes |
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International Trading |
No | No |
| Offering of Investments | ||
| Winner | check_circle |
Order Types
| Feature | Merrill Edge | Chase You Invest Trade |
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Order Type - Market |
Yes | Yes |
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Order Type - Limit |
Yes | Yes |
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Order Type - Stop |
Yes | Yes |
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Order Type - Trailing Stop |
Yes | No |
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Order Type - Contingent |
No | No |
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Order Type - MultiContingent |
No | No |
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Order Type - OCO |
No | No |
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Order Type - OTO |
No | No |
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Order Type - OTOCO |
No | No |
| Offering of Investments | ||
| Winner | check_circle |
Trading Platforms
| Feature | Merrill Edge | Chase You Invest Trade |
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Desktop Platform (Windows) |
Yes | No |
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Desktop Platform (Mac) |
Yes | No |
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Web Platform |
Yes | Yes |
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Paper Trading |
No | No |
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Trade Journal |
No | No |
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Watch Lists - Total Fields |
285 | 4 |
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Heat Mapping |
Yes | No |
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AI Assistant Bot |
No | No |
| Platforms & Tools | ||
| Winner | check_circle |
Charting Features
| Feature | Merrill Edge | Chase You Invest Trade |
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Charting - Trade Off Chart |
Yes | No |
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Charting - Indicators / Studies |
100 | 21 |
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Charting - Drawing Tools |
22 | 0 |
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Charting - Historical Trades |
Yes | No |
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Charting - Corporate Events |
Yes | Yes |
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Charting - Automated Analysis |
Yes | No |
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Charting - Save Profiles |
Yes | No |
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Charting - Study Customizations |
8 | 1 |
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Charting - Custom Studies |
No | No |
| Platforms & Tools | ||
| Winner | check_circle |
Day Trading
| Feature | Merrill Edge | Chase You Invest Trade |
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Stock Alerts - Basic Fields |
Yes | No |
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Stock Alerts - Advanced Fields |
Yes | No |
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Streaming Time & Sales |
Yes | No |
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Streaming TV |
No | No |
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Direct Market Routing - Stocks |
No | No |
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Direct Market Routing - Options |
No | No |
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Ladder Trading |
No | No |
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Trade Hot Keys |
Yes | No |
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Level 2 Quotes - Stocks |
Yes | No |
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Level 2 Quotes - Options |
Yes | No |
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Trade Ideas - Backtesting |
Yes | No |
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Short Locator |
No | No |
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Order Liquidity Rebates |
No | No |
| Winner | check_circle |
Mobile Trading Apps
| Feature | Merrill Edge | Chase You Invest Trade |
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iPhone App |
Yes | Yes |
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Android App |
Yes | Yes |
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Apple Watch App |
Yes | No |
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Trading - Stocks |
Yes | Yes |
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Trading - After-Hours |
Yes | No |
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Trading - Conditional Orders |
No | No |
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Trading - Mutual Funds |
Yes | Yes |
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Trading - Simple Options |
Yes | Yes |
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Trading - Complex Options |
Yes | No |
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Trading - Option Rolling |
No | No |
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Touch / Face ID |
Yes | Yes |
| Winner | check_circle |
Mobile App Features
| Feature | Merrill Edge | Chase You Invest Trade |
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Watch List Syncing |
Yes | Yes |
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Stock Alerts |
Yes | No |
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Charting - After Hours |
Yes | No |
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Charting - Drawing |
Yes | No |
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Charting - Study Customizations |
Yes | No |
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Heatmapping |
Yes | No |
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Stream Live TV |
No | No |
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Barcode Lookup |
No | No |
| Mobile Trading | ||
| Winner | check_circle |
Research Overview
| Feature | Merrill Edge | Chase You Invest Trade |
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Research - Stocks |
Yes | Yes |
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Research - ETFs |
Yes | Yes |
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Research - Mutual Funds |
Yes | Yes |
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Research - Pink Sheets / OTCBB |
Yes | No |
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Research - Fixed Income |
Yes | No |
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Screener - Stocks |
Yes | Yes |
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Screener - ETFs |
Yes | Yes |
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Screener - Mutual Funds |
Yes | Yes |
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Screener - Options |
Yes | No |
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Screener - Bonds |
Yes | Yes |
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Misc - Portfolio Builder |
Yes | No |
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Misc - Portfolio Allocation |
Yes | Yes |
| Research | ||
| Winner | check_circle |
Stock Research
| Feature | Merrill Edge | Chase You Invest Trade |
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Stock Research - Reports |
3 | 1 |
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Stock Research - Earnings |
Yes | No |
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Stock Research - Insiders |
Yes | No |
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Stock Research - Metric Comp |
Yes | No |
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Stock Research - SEC Filings |
Yes | No |
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Stock Research - Social |
No | No |
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Stock Research - Balance Sheet |
Yes | No |
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Stock Research - Cash Flows |
Yes | No |
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Stock Research - News |
Yes | Yes |
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Stock Research - ESG |
Yes | No |
| Research | ||
| Winner | check_circle |
ETF Research
| Feature | Merrill Edge | Chase You Invest Trade |
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ETFs - Strategy Overview |
Yes | No |
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ETFs - Top 10 Holdings |
Yes | Yes |
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ETFs - Sector Exposure |
Yes | Yes |
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ETFs - Risk Analysis |
Yes | No |
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ETFs - Performance Analysis |
Yes | Yes |
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ETFs - Ratings |
Yes | Yes |
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ETFs - Morningstar StyleMap |
Yes | Yes |
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ETFs - Reports |
Yes | No |
| Research | ||
| Winner | check_circle |
Mutual Fund Research
| Feature | Merrill Edge | Chase You Invest Trade |
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Mutual Funds - Strategy Overview |
Yes | No |
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Mutual Funds - Prospectus |
Yes | No |
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Mutual Funds - Reports |
Yes | No |
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Mutual Funds - Fees Breakdown |
Yes | No |
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Mutual Funds - Top 10 Holdings |
Yes | Yes |
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Mutual Funds - Asset Allocation |
Yes | Yes |
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Mutual Funds - Sector Allocation |
Yes | Yes |
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Mutual Funds - Country Allocation |
Yes | Yes |
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Mutual Funds - StyleMap |
Yes | Yes |
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Mutual Funds - 3rd Party Ratings |
Yes | Yes |
| Research | ||
| Winner | check_circle |
Options Trading
| Feature | Merrill Edge | Chase You Invest Trade |
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Option Chains - Streaming |
Yes | No |
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Option Chains - Total Columns |
69 | 6 |
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Option Chains - Greeks |
5 | 0 |
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Option Chains - Quick Analysis |
Yes | No |
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Option Analysis - P&L Charts |
Yes | No |
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Option Probability Analysis |
Yes | No |
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Option Probability Analysis Adv |
No | No |
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Option Positions - Greeks |
Yes | No |
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Option Positions - Adv Analysis |
Yes | No |
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Option Positions - Rolling |
Yes | No |
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Option Positions - Grouping |
Yes | No |
| Platforms & Tools | ||
| Winner | check_circle |
Beginners
| Feature | Merrill Edge | Chase You Invest Trade |
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Education (Stocks) |
Yes | Yes |
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Education (ETFs) |
Yes | No |
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Education (Options) |
Yes | No |
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Education (Mutual Funds) |
Yes | No |
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Education (Fixed Income) |
Yes | No |
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Education (Retirement) |
Yes | Yes |
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Paper Trading |
No | No |
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Videos |
Yes | Yes |
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Webinars (Monthly Avg) |
0 | 0 |
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Webinars (Archived) |
No | No |
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Live Seminars |
Yes | No |
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Progress Tracking |
Yes | Yes |
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Interactive Learning - Quizzes |
Yes | Yes |
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Investor Magazine |
Yes | No |
| Education | ||
| Winner | check_circle |
Banking
| Feature | Merrill Edge | Chase You Invest Trade |
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Retail Locations |
4300 | 5000 |
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Member FDIC |
Yes | Yes |
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Checking Accounts |
Yes | Yes |
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Savings Accounts |
Yes | Yes |
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Credit Cards |
Yes | Yes |
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Debit Cards |
Yes | Yes |
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Mortgage Loans |
Yes | Yes |
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No Fee Banking |
No | No |
| Banking | ||
| Winner | check_circle |
Overall
| Feature | Merrill Edge | Chase You Invest Trade |
| Merrill Edge Review | Chase You Invest Trade Review | |
| Overall | ||
| Winner | check_circle |
Using data from our latest annual broker review which tested more than a dozen different online brokers over six months, we can compare Chase You Invest Trade vs Merrill Edge to determine which broker is best. Let's dive in.
First, we will break down the commission charges of both brokers for placing stock and options trades. Chase You Invest Trade, with its regular stock trades costing $2.95, is more expensive than Merrill Edge's rate of $0 per trade. Looking at trading options, Merrill Edge's base fee is $0 while Chase You Invest Trade's is $2.95. Merrill Edge's per contract rate of $0.65 is less than Chase You Invest Trade which charges $0.75. 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 and Merrill Edge provide clients with Stock Trading, Options Trading and Mutual Funds. As far as mutual funds go, Merrill Edge offers its clients access to 3709 different mutual funds while Chase You Invest Trade has 3500 available funds, a difference of 209.
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 offer clients access to an iPhone App and Android App while Merrill Edge has an iPhone App, iPad App and Android App. Online banking is also used by many customers, and multiple full-service brokerages provide these services. 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.
All pricing data was obtained from a published web site as of 01/20/2020 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
