Merrill Edge vs J.P. Morgan Self-Directed Investing 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 Merrill Edge vs J.P. Morgan Self-Directed Investing.
Is Merrill Edge or J.P. Morgan Self-Directed Investing better for beginners?
Merrill Edge offers more comprehensive new investor education for beginner investors than J.P. Morgan Self-Directed Investing. Both Merrill Edge and J.P. Morgan Self-Directed Investing offer Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Bonds) and Education (Retirement). Neither have Paper Trading.
What about Merrill Edge vs J.P. Morgan Self-Directed Investing pricing?
Merrill Edge and J.P. Morgan Self-Directed Investing charge the same amount for regular stock trades, $0.00. Merrill Edge and J.P. Morgan Self-Directed Investing both charge $0.65 per option contract. For a complete commissions summary, see our best brokers for free stock trading guide.
Does Merrill Edge or J.P. Morgan Self-Directed Investing offer a wider range of investment options?
Both Merrill Edge and J.P. Morgan Self-Directed Investing offer Stock Trading, Options Trading, OTC Stocks, Mutual Funds and Advisor Services. Neither have Fractional Shares, Futures Trading and Forex Trading. Looking at Mutual Funds, Merrill Edge trails J.P. Morgan Self-Directed Investing in its offering of no transaction fee (NTF) mutual funds, with J.P. Morgan Self-Directed Investing offering 3500 and Merrill Edge offering 3095.
Which trading platform is better: Merrill Edge or J.P. Morgan Self-Directed Investing?
To compare the trading platforms of Merrill Edge and J.P. Morgan Self-Directed Investing, 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 available to customers of Merrill Edge and J.P. Morgan Self-Directed Investing.
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.
Is J.P. Morgan Self-Directed Investing good?
J.P. Morgan Self-Directed Investing makes it easy for Chase Bank customers to invest and allows access to J.P. Morgan research. On the downside, the broker features are sparse compared to industry leaders.
Merrill Edge vs J.P. Morgan Self-Directed Investing Winner
Overall winner: Merrill Edge
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