Merrill Edge vs tastyworks 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 tastyworks.
Is Merrill Edge or tastyworks better for beginners?
Merrill Edge offers more comprehensive new investor education for beginner investors than tastyworks. Merrill Edge offers investors access to Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Bonds) and Education (Retirement), while tastyworks offers investors access to Education (Stocks), Education (ETFs) and Education (Options), neither have Paper Trading.
What about Merrill Edge vs tastyworks pricing?
Merrill Edge and tastyworks charge the same amount for regular stock trades, $0.00. Option contracts are pricier at Merrill Edge, costing $0.65 per contract versus $0.50 per contract at tastyworks. For a complete commissions summary, see our best brokers for free stock trading guide.
Does Merrill Edge or tastyworks 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 tastyworks offers investors access to Stock Trading, Fractional Shares, Options Trading and Futures Trading, neither have Forex Trading. Looking at Mutual Funds, tastyworks trails Merrill Edge in its offering of no transaction fee (NTF) mutual funds, with Merrill Edge offering 3095 and tastyworks offering 0.
Which trading platform is better: Merrill Edge or tastyworks?
To compare the trading platforms of Merrill Edge and tastyworks, 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 offered by Merrill Edge while tastyworks offers neither of these.
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 tastyworks good?
Tastyworks isn’t for every investor, but its platform is ideal for frequent options and futures traders, offering efficient workflow, useful risk management tools, killer design, and online content that make you feel like you’re on a trading desk.
Merrill Edge vs tastyworks Winner
Overall winner: Merrill Edge
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