TD Ameritrade vs Merrill Edge Review
The StockBrokers.com annual review (9 years running) takes six months to complete and produces over 30,000 words of research each year. Here's how we test.
Is Merrill Edge better than TD Ameritrade? Based on over 4,000 data points from our 2019 annual broker review, TD Ameritrade (86.98%) is better than Merrill Edge (77.93%). The extra cost of trading with TD Ameritrade is worth every cent – the brokerage delivers fantastic platforms, research, mobile apps, education, and customer service. This outstanding all-round experience makes TD Ameritrade our No. 1 overall broker in 2019.
First, we will make a comparison of the stock and option trading fees for trading with both brokers. Merrill Edge and TD Ameritrade have equal fees for trading stocks (equities), $6.95 per trade. With options, the base fee is $6.95 for both Merrill Edge and TD Ameritrade. Option contracts run $0.75 a piece at both brokerages. 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 offers clients Stock Trading, Options Trading, Mutual Funds, Forex Trading and Futures Trading while Merrill Edge offers 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. Clients can have Checking Accounts, Debit Cards and Credit Cards at TD Ameritrade while customers at Merrill Edge can have 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
All pricing data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. For options orders, an options regulatory fee per contract may apply.
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