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 Fidelity Investments vs Merrill Edge. Is Fidelity Investments 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 more than Fidelity Investments for placing regular stock trades ($6.95 and $4.95, respectively). Looking at trading options, Fidelity Investments's base fee is $4.95 while Merrill Edge's is $6.95. Each option contract then costs $0.75 at Merrill Edge and $0.65 at Fidelity Investments. 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. Fidelity Investments and Merrill Edge provide clients with Stock Trading, Options Trading and Mutual Funds. When it comes to mutual funds, Fidelity Investments boasts an offering of 12505 mutual funds compared to Merrill Edge's 3688 available funds. Commission free ETFs can also be a nice plus, with Fidelity Investments having the upper hand thanks to its 265 available commission free ETFs compared to Merrill Edge's offering of 0.
Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. Fidelity Investments offers virtual trading while Merrill Edge does not. For mobile trading, Both Fidelity Investments and Merrill Edge offer clients access to 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 clients of Merrill Edge while Fidelity Investments offers customers Checking Accounts, Savings Accounts, Debit Cards and Credit Cards. On the whole, when it comes to tools, research, and mobile trading, Fidelity Investments was rated Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading, while Merrill Edge was rated none of these.
Overall, Fidelity Investments comes out on top with 5.00 stars over Merrill Edge's 4.50 stars.