Fidelity vs Merrill Edge Comparison
Comparing brokers side by side is no easy task. For our 2022 annual broker review, we spent hundreds of hours assessing 15 brokerages to find the best online broker. Let's compare Fidelity vs Merrill Edge.
Is Fidelity or Merrill Edge better for beginners?
Fidelity offers more comprehensive new investor education for beginner investors than E*TRADE. Both Fidelity and Merrill Edge offer Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Bonds) and Education (Retirement), neither have Paper Trading.
What about Fidelity vs Merrill Edge pricing?
Fidelity and Merrill Edge charge the same amount for regular stock trades, $0.00. Fidelity and Merrill Edge both charge $0.65 per option contract. For a complete commissions summary, see our best brokers for free stock trading guide.
Does Fidelity or Merrill Edge offer a wider range of investment options?
Fidelity offers investors access to Stock Trading, Fractional Shares, Options Trading, OTCBB / Pink Sheets, Mutual Funds and Advisor Services, while Merrill Edge offers investors access to Stock Trading, Options Trading, OTCBB / Pink Sheets, Mutual Funds and Advisor Services, neither have Futures Trading and Forex Trading. Looking at Mutual Funds, Merrill Edge trails Fidelity in its offering of no transaction fee (NTF) mutual funds, with Fidelity offering 3401 and Merrill Edge offering 3095.
Which trading platform is better: Fidelity or Merrill Edge?
To compare the trading platforms of Fidelity and Merrill Edge, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Fidelity offers a better experience. With research, Fidelity offers superior market research. Finally, we found E*TRADE 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 and Credit Cards are offered by Fidelity while Merrill Edge offers Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans.
Is Fidelity good?
Fidelity is a value-driven online broker offering $0 trades, industry-leading research, excellent trading tools, an easy-to-use mobile app, and comprehensive retirement services. Serving over 40 million customers, Fidelity is a winner for everyday investors.
Is Merrill Edge good?
Merrill Edge offers $0 trades with industry-leading research tools — especially for ESG research — and excellent customer service. Better yet, the Preferred Rewards program at Bank of America, Merrill Edge’s parent, offers the best rewards of any bank broker we tested in 2022.
Fidelity vs Merrill Edge Winner
Overall winner: Fidelity
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