Merrill Edge vs Robinhood 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 Robinhood.
Is Merrill Edge or Robinhood better for beginners?
Merrill Edge offers more comprehensive new investor education for beginner investors than Robinhood. Merrill Edge offers investors access to Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Bonds) and Education (Retirement), while Robinhood offers investors access to Education (Stocks) and Education (Options), neither have Paper Trading.
What about Merrill Edge vs Robinhood pricing?
Merrill Edge and Robinhood charge the same amount for regular stock trades, $0.00. Option contracts are pricier at Merrill Edge, costing $0.65 per contract versus $0.00 per contract at Robinhood. For a complete commissions summary, see our best brokers for free stock trading guide.
Does Merrill Edge or Robinhood offer a wider range of investment options?
Merrill Edge offers investors access to Stock Trading, Options Trading, OTCBB / Pink Sheets, Mutual Funds and Advisor Services, while Robinhood offers investors access to Stock Trading, Fractional Shares and Options Trading, neither have Futures Trading and Forex Trading. Looking at Mutual Funds, Robinhood trails Merrill Edge in its offering of no transaction fee (NTF) mutual funds, with Merrill Edge offering 3095 and Robinhood offering 0.
Which trading platform is better: Merrill Edge or Robinhood?
To compare the trading platforms of Merrill Edge and Robinhood, 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 Robinhood 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 offered by Merrill Edge while Robinhood offers Debit Cards.
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 Robinhood good?
Robinhood is very easy to use and its educational content is a joy to read. But, in today’s competitive market for your investing dollars, there are several more compelling options among brokerages.
Merrill Edge vs Robinhood Winner
Overall winner: Merrill Edge
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