Is J.P. Morgan Self-Directed better than Merrill Edge? After testing 11 of the best online brokers over three months, Merrill Edge (91.72%) is better than J.P. Morgan Self-Directed (68.86%). Merrill Edge offers $0 trades with industry-leading research tools (especially ESG research) and excellent customer service. Better yet, for current Bank of America customers, Merrill Edge's Preferred Rewards program provides the best rewards of any bank broker we tested in 2021.
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Merrill Edge vs J.P. Morgan Self-Directed 2021
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Overall Rating
| Feature | Merrill Edge | J.P. Morgan Self-Directed |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading | ||
| Research | ||
| Education | ||
| Ease of Use | ||
| Merrill Edge Review | J.P. Morgan Self-Directed Review | |
| Winner | check_circle |
Trading Fees
| Feature | Merrill Edge | J.P. Morgan Self-Directed |
| Minimum Deposit | $0.00 | $0.00 |
| Stock Trades | $0.00 | $0.00 |
| ETF Trade Fee | $0.00 | $0.00 |
| Mutual Fund Trade Fee | $19.95 | $0.00 |
| Options (Base Fee) | $0.00 | $0.00 |
| Options (Per Contract) | $0.65 | $0.65 |
| Futures (Per Contract) | N/A | N/A |
| Broker Assisted Trades Fee | $29.95 | $25.00 |
Margin Rates
| Feature | Merrill Edge | J.P. Morgan Self-Directed |
| Under $24,999.99 | 8.63% | N/A |
| $25,000.00 to $49,999.99 | 7.50% | N/A |
| $50,000.00 to $99,999.99 | 7.50% | N/A |
| $100,000.00 to $249,999.99 | N/A | N/A |
| $250,000.00 to $499,999.99 | N/A | N/A |
| $500,000.00 to $999,999.99 | N/A | N/A |
| Above $1,000,000.00 | N/A | N/A |
Account Fees
| Feature | Merrill Edge | J.P. Morgan Self-Directed |
| IRA Annual Fee | $0.00 | $0.00 |
| IRA Closure Fee | $49.95 | $75.00 |
| Account Transfer Out (Partial) | $0.00 | $75.00 |
| Account Transfer Out (Full) | $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 |
Investment Options
| Feature | Merrill Edge | J.P. Morgan Self-Directed |
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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 |
| Crypto Trading | No | No |
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Mutual Funds (No Load) |
3147 | 3500 |
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Mutual Funds (Total) |
3469 | 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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Advisor Services |
Yes | Yes |
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International Trading |
No | No |
|
AI Assistant Bot |
No | No |
Order Types
| Feature | Merrill Edge | J.P. Morgan Self-Directed |
|
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 |
Trading Platforms
| Feature | Merrill Edge | J.P. Morgan Self-Directed |
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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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Heat Mapping |
Yes | No |
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Watch Lists - Total Fields |
285 | 4 |
Charting Features
| Feature | Merrill Edge | J.P. Morgan Self-Directed |
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Charting - Trade Off Chart |
Yes | No |
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Charting - Indicators / Studies |
104 | 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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Trade Ideas - Technical Analysis |
Yes | No |
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Charting - Study Customizations |
8 | 1 |
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Charting - Custom Studies |
No | No |
Day Trading
| Feature | Merrill Edge | J.P. Morgan Self-Directed |
|
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 |
Mobile Trading Apps
| Feature | Merrill Edge | J.P. Morgan Self-Directed |
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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 |
| Mobile Trading |
Mobile App Features
| Feature | Merrill Edge | J.P. Morgan Self-Directed |
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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 |
|
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 |
Research Overview
| Feature | Merrill Edge | J.P. Morgan Self-Directed |
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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 |
Stock Research
| Feature | Merrill Edge | J.P. Morgan Self-Directed |
|
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 |
ETF Research
| Feature | Merrill Edge | J.P. Morgan Self-Directed |
|
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 |
Mutual Fund Research
| Feature | Merrill Edge | J.P. Morgan Self-Directed |
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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 |
Options Trading
| Feature | Merrill Edge | J.P. Morgan Self-Directed |
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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 |
|
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 |
Beginners
| Feature | Merrill Edge | J.P. Morgan Self-Directed |
|
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) |
1 | 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 |
Banking
| Feature | Merrill Edge | J.P. Morgan Self-Directed |
|
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 |
|
No Fee Banking |
No | No |
Overall
| Feature | Merrill Edge | J.P. Morgan Self-Directed |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading | ||
| Research | ||
| Education | ||
| Ease of Use | ||
| Merrill Edge Review | J.P. Morgan Self-Directed Review | |
| Winner | check_circle |
Comparing brokers side by side is no easy task. For our 2021 annual broker review, we spent hundreds of hours assessing 11 brokerages to find the best online broker. Let's compare J.P. Morgan Self-Directed vs Merrill Edge.
Is J.P. Morgan Self-Directed or Merrill Edge better for beginners?
Merrill Edge is better for beginner investors than J.P. Morgan Self-Directed. Merrill Edge offers investors access to Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Fixed Income) and Education (Retirement).
What about J.P. Morgan Self-Directed vs Merrill Edge pricing?
J.P. Morgan Self-Directed and Merrill Edge both cost $0 per trade. Looking at options, the base fees charged are the same for both brokers, $0. Option contracts run $0.65 a piece at both brokerages. For a complete commissions summary, see our best discount brokers guide.
Does J.P. Morgan Self-Directed or Merrill Edge offer a wider range of investment options?
Merrill Edge offers a more diverse selection of investment options than J.P. Morgan Self-Directed. Merrill Edge offers investors access to Stock Trading, OTCBB / Pink Sheets, Options Trading, Mutual Funds and Advisor Services. Looking at Mutual Funds, J.P. Morgan Self-Directed offers its clients access to 3500 different mutual funds while Merrill Edge has 3469 available funds, a difference of 31.
Which trading platform is better: J.P. Morgan Self-Directed or Merrill Edge?
To compare the trading platforms of both J.P. Morgan Self-Directed and Merrill Edge, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Merrill Edge offers a better experience. With research, Merrill Edge offers superior market research. Finally, we found Merrill Edge to provide better mobile trading apps.
Does either broker offer banking?
Online banking can be a benefit for investors, and some brokerages do provide banking services to customers. Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are found at J.P. Morgan Self-Directed alongside Merrill Edge.
Overall winner: Merrill Edge
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All pricing data was obtained from a published web site as of 01/19/2021 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
