Is Interactive Brokers better than Merrill Edge? After scoring brokers on over 4,000 data points for our 2019 review, Interactive Brokers (80.99%) is better than Merrill Edge (77.93%).
Best For Professionals - Open Account
Exclusive Offer: New clients that open an account today receive a special margin rate
While Interactive Brokers does offer a $0 trading account type (IBKR Lite), the broker is best known for its professional traders accounts (IBKR Pro), where Interactive Brokers offers per-share pricing ($.005 per share with a $1 minimum per trade), and charges up to $20 per month between two minimum activity fees. Traders who can meet its $100,000 minimum deposit for margin trading are rewarded with an industry-leading commissions schedule, margin rates, and full support for international trading.Read full review.
Best Rewards Program - Open Account
Special Offer: Invest in a new account and get up to $600.
Merrill Edge ($2.95 per trade) was awarded #1 for Banking Services and #1 Overall Client Experience, thanks to its parent company, Bank of America (BofA). Not limited to just BofA customers, Merrill Edge's Preferred Rewards program is excellent, offering unlimited $0 stock trades among other perks such as bonus rewards on credit cards and discounted mortgage rates.Read full review.