The StockBrokers.com annual broker review assesses more than a dozen different brokers over six months, surfacing the best online stock brokers. This review compares Merrill Edge vs TD Ameritrade. Is Merrill Edge or TD Ameritrade a better online broker?
First, we will make a comparison of the stock and option trading fees for trading with both brokers. Merrill Edge, with its regular stock trades costing $6.95, is more expensive than TD Ameritrade's rate of $0 per trade. Looking at trading options, TD Ameritrade's base fee is $0 while Merrill Edge's is $6.95. Option contracts are pricier at Merrill Edge, costing $0.75 versus $0.65 at TD Ameritrade. Note that some brokers charge a per-share fee instead of a flat-fee commission. For a full breakdown of commissions, read our online broker reviews.
For our next comparison of these two brokers, being able to trade the way you want is a must. TD Ameritrade provides its clients with Stock Trading, Options Trading, Mutual Funds, Forex Trading and Futures Trading while Merrill Edge provides clients access to Stock Trading, Options Trading and Mutual Funds. When it comes to mutual funds, TD Ameritrade boasts an offering of 12418 mutual funds compared to Merrill Edge's 3709 available funds.
Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. TD Ameritrade offers virtual trading while Merrill Edge does not. For mobile trading, Merrill Edge along with TD Ameritrade both support the iPhone App, iPad App and Android App. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Checking Accounts, Debit Cards and Credit Cards are available to clients of TD Ameritrade while Merrill Edge offers customers Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans.
Overall, between Merrill Edge and TD Ameritrade, TD Ameritrade is the winner.
Merrill Edge Review
TD Ameritrade Review