Fidelity vs Merrill Edge Comparison
Comparing brokers side by side is no easy task. For our 2023 annual broker review, we spent hundreds of hours assessing 17 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 Merrill Edge. 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. See our guide to Best Paper Trading Platforms for more.
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, OTC Stocks, Mutual Funds and Advisor Services, while Merrill Edge offers investors access to Stock Trading, Options Trading, OTC Stocks, 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, Merrill Edge offers superior market research. Finally, we found Fidelity 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. 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?
Our top pick overall for 2023, Fidelity is a value-driven online broker offering $0 trades, industry-leading research, excellent trading tools and an easy-to-use mobile app.
Is Merrill Edge good?
Merrill Edge and its parent, Bank of America, make for a well-rounded offering, with $0 trades, robust research, reliable customer service; and its Stock Stories and Fund Stories are an industry standout. There are some gaps in investment offerings, including crypto and futures.
Fidelity vs Merrill Edge Winner
Overall winner: Fidelity
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