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Merrill Edge vs Tradier 2022

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November 02, 2022

Is Merrill Edge better than Tradier? After testing 15 of the best online brokers over six months, E*TRADE (92.52%) is better than Merrill Edge (84.89%). Founded in 1982 as one of the first online brokerages in the United States, E*TRADE highlights include $0 trades, two excellent mobile apps and the Power E*TRADE platform, which is great for beginners, active trading and options trading.

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Overall RatingMerrill EdgeTradierE*TRADE
Overall4.5 Stars4 Stars5 Stars
Commissions & Fees4.5 Stars4.5 Stars4.5 Stars
Investment Options4 Stars3.5 Stars5 Stars
Platforms & Tools4 Stars3 Stars4.5 Stars
Mobile Trading Apps4 Stars4 Stars5 Stars
Research4.5 Stars2.5 Stars4.5 Stars
Customer Service4.5 Stars3.5 Stars4.5 Stars
Education4.5 Stars3 Stars4.5 Stars
Ease Of Use4 Stars4.5 Stars5 Stars
ReviewMerrill Edge ReviewTradier ReviewE*TRADE Review
Trading FeesMerrill EdgeTradierE*TRADE
Minimum Deposit$0.00$0.00$0.00
Stock Trades$0.00$0.00$0.00
Penny Stock Fees (OTCCB)N/AN/A$6.95
Mutual Fund Trade Fee$19.95$30$19.99
Options (Base Fee)$0.00$0.00$0.00
Options (Per Contract)$0.65$0.00$0.65
Futures (Per Contract)N/A$0.00$1.50
Broker Assisted Trade Fee29.9510$25
Margin RatesMerrill EdgeTradierE*TRADE
Margin Rate Under $24,999.99N/A8.00%11.95%
Margin Rate $25,000.00 to $49,999.99N/A8.00%11.45%
Margin Rate $50,000.00 to $99,999.99N/A8.00%10.95%
Margin Rate $100,000.00 to $249,999.99N/A8.00%10.45%
Margin Rate $250,000.00 to $499,999.99N/A8.00%9.95%
Margin Rate $500,000.00 to $999,999.99N/A8.00%9.45%
Margin Rate Above $1,000,000.00N/A8.00%8.45%
Account FeesMerrill EdgeTradierE*TRADE
IRA Annual Fee$0.00$30.00$0.00
IRA Closure Fee$49.95$60.00$0.00
Account Transfer Out (Partial)$0.00$75.00$25.00
Account Transfer Out (Full)$49.95$75.00$75.00
Options Exercise Fee$0.00$9.00$0.00
Options Assignment Fee$0.00$9.00$0.00
Investment OptionsMerrill EdgeTradierE*TRADE
Stock TradingYesYesYes
Margin TradingYesYesYes
Fractional SharesNoNoNo
OTCBB / Pink SheetsYesNoYes
Options TradingYesYesYes
Complex Options Max Legs444
Futures TradingNoNoYes
Forex TradingNoNoNo
Crypto TradingNoNoNo
Crypto Trading - Total Coins000
Mutual Funds (No Load)295206486
Mutual Funds (Total)346607242
Bonds (US Treasury)YesNoYes
Bonds (Corporate)YesNoYes
Bonds (Municipal)YesNoYes
Advisor ServicesYesNoYes
International Countries (Stocks)000
Order TypesMerrill EdgeTradierE*TRADE
Order Type - MarketYesYesYes
Order Type - LimitYesYesYes
Order Type - After HoursYesYesYes
Order Type - StopYesYesYes
Order Type - Trailing StopYesNoYes
Order Type - OCONoYesYes
Order Type - OTONoYesYes
Order Type - Broker AssistedYesYesYes
BeginnersMerrill EdgeTradierE*TRADE
Education (Stocks)YesNoYes
Education (ETFs)YesNoYes
Education (Options)YesNoYes
Education (Mutual Funds)YesNoYes
Education (Bonds)YesNoYes
Education (Retirement)YesNoYes
Retirement CalculatorYesNoYes
Investor DictionaryYesNoYes
Paper TradingNoYesYes
Webinars (Archived)YesNoYes
Progress TrackingNoNoNo
Interactive Learning - QuizzesYesNoYes
Stock Trading AppsMerrill EdgeTradierE*TRADE
iPhone AppYesYesYes
Android AppYesYesYes
Apple Watch AppYesNoYes
Trading - StocksYesYesYes
Trading - After-HoursYesYesYes
Trading - Simple OptionsYesYesYes
Trading - Complex OptionsYesYesYes
Order Ticket RT QuotesYesYesYes
Order Ticket SRT QuotesNoNoYes
Stock App FeaturesMerrill EdgeTradierE*TRADE
Market Movers (Top Gainers)YesYesYes
Stream Live TVNoNoYes
Videos on DemandNoNoNo
Stock AlertsYesNoYes
Option Chains ViewableYesYesYes
Watch List (Real-time)YesYesYes
Watch List (Streaming)YesYesYes
Watch Lists - Create & ManageYesYesYes
Watch Lists - Column CustomizationNoNoYes
Watch Lists - Total Fields2851595
Stock App ChartingMerrill EdgeTradierE*TRADE
Charting - After-HoursNoNoYes
Charting - Can Turn HorizontallyYesNoYes
Charting - Multiple Time FramesYesYesYes
Charting - Technical Studies34010
Charting - Study CustomizationsYesNoYes
Charting - Stock ComparisonsYesNoYes
Trading PlatformsMerrill EdgeTradierE*TRADE
Active Trading PlatformMerrill Edge Market ProTradeHawkPower E*TRADE
Desktop Trading PlatformNoYesNo
Desktop Platform (Mac)NoYesNo
Web Trading PlatformYesYesYes
Paper TradingNoYesYes
Trade JournalNoNoNo
Watch Lists - Total Fields2851595
Stock Chart FeaturesMerrill EdgeTradierE*TRADE
Charting - Adjust Trades on ChartYesNoYes
Charting - Indicators / Studies10495119
Charting - Drawing Tools23031
Charting - NotesYesYesYes
Charting - Index OverlaysYesNoYes
Charting - Historical TradesYesYesYes
Charting - Corporate EventsYesNoYes
Charting - Custom Date RangeYesNoYes
Charting - Custom Time BarsYesNoNo
Charting - Automated AnalysisYesNoYes
Charting - Save ProfilesYesNoYes
Trade Ideas - Technical AnalysisYesNoYes
Charting - Study Customizations876
Charting - Custom StudiesNoNoNo
Day TradingMerrill EdgeTradierE*TRADE
Streaming Time & SalesYesNoYes
Streaming TVNoNoYes
Direct Market Routing - StocksNoNoYes
Ladder TradingNoNoNo
Trade Hot KeysNoNoYes
Level 2 Quotes - StocksYesNoYes
Trade Ideas - BacktestingYesNoNo
Trade Ideas - Backtesting AdvNoNoNo
Short LocatorNoNoNo
Order Liquidity RebatesNoNoNo
Research OverviewMerrill EdgeTradierE*TRADE
Research - StocksYesYesYes
Research - ETFsYesYesYes
Research - Mutual FundsYesNoYes
Research - Pink Sheets / OTCBBYesNoYes
Research - BondsYesNoYes
Screener - StocksYesNoYes
Screener - ETFsYesNoYes
Screener - Mutual FundsYesNoYes
Screener - BondsYesNoYes
Misc - Portfolio AllocationYesNoYes
Stock ResearchMerrill EdgeTradierE*TRADE
Stock Research - PDF Reports306
Stock Research - EarningsYesNoYes
Stock Research - InsidersYesNoYes
Stock Research - SocialNoNoYes
Stock Research - NewsYesNoYes
Stock Research - ESGYesNoNo
Stock Research - SEC FilingsYesNoYes
ETF ResearchMerrill EdgeTradierE*TRADE
ETFs - Strategy OverviewYesNoYes
ETF Fund Facts - Inception DateYesNoYes
ETF Fund Facts - Expense RatioYesNoYes
ETF Fund Facts - Net AssetsYesNoYes
ETF Fund Facts - Total HoldingsYesNoYes
ETFs - Top 10 HoldingsYesNoYes
ETFs - Sector ExposureYesNoYes
ETFs - Risk AnalysisYesNoYes
ETFs - RatingsYesNoYes
ETFs - Morningstar StyleMapYesNoYes
ETFs - PDF ReportsYesNoYes
Mutual Fund ResearchMerrill EdgeTradierE*TRADE
Mutual Funds - Strategy OverviewYesNoYes
Mutual Funds - Performance ChartYesNoNo
Mutual Funds - Performance AnalysisYesNoYes
Mutual Funds - ProspectusYesNoYes
Mutual Funds - 3rd Party RatingsYesNoYes
Mutual Funds - Fees BreakdownYesNoYes
Mutual Funds - Top 10 HoldingsYesNoYes
Mutual Funds - Asset AllocationYesNoYes
Mutual Funds - Sector AllocationYesNoYes
Mutual Funds - Country AllocationYesNoYes
Mutual Funds - StyleMapYesNoYes
Options TradingMerrill EdgeTradierE*TRADE
Option Chains - Basic ViewYesYesYes
Option Chains - Strategy ViewYesNoYes
Option Chains - StreamingYesYesYes
Option Chains - Total Columns68831
Option Chains - Greeks515
Option Chains - Quick AnalysisYesYesYes
Option Analysis - P&L ChartsYesNoYes
Option Probability AnalysisYesNoYes
Option Probability Analysis AdvNoNoYes
Option Positions - GreeksYesNoYes
Option Positions - Greeks StreamingYesNoYes
Option Positions - Adv AnalysisYesNoYes
Option Positions - RollingYesNoYes
Option Positions - GroupingYesNoYes
BankingMerrill EdgeTradierE*TRADE
Bank (Member FDIC)YesNoYes
Checking AccountsYesNoYes
Savings AccountsYesNoYes
Credit CardsYesNoYes
Debit CardsYesNoYes
Mortgage LoansYesNoYes
Customer ServiceMerrill EdgeTradierE*TRADE
Phone Support (Prospect Customers)YesYesYes
Phone Support (Current Customers)YesYesYes
Email SupportYesYesYes
Live Chat (Prospect Customers)YesNoNo
Live Chat (Current Customers)YesNoYes
24/7 SupportYesNoYes
OverallMerrill EdgeTradierE*TRADE
Overall4.5 Stars4 Stars5 Stars
Commissions & Fees4.5 Stars4.5 Stars4.5 Stars
Investment Options4 Stars3.5 Stars5 Stars
Platforms & Tools4 Stars3 Stars4.5 Stars
Mobile Trading Apps4 Stars4 Stars5 Stars
Research4.5 Stars2.5 Stars4.5 Stars
Education4.5 Stars3 Stars4.5 Stars
Ease Of Use4 Stars4.5 Stars5 Stars
ReviewMerrill Edge ReviewTradier ReviewE*TRADE Review
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Merrill Edge vs Tradier Comparison

Comparing brokers side by side is no easy task. For our 2022 annual broker review, we spent hundreds of hours assessing 15 brokerages to find the best online broker. Let's compare Merrill Edge vs Tradier.

Is Merrill Edge or Tradier better for beginners?

E*TRADE offers more comprehensive new investor education for beginner investors than Merrill Edge. Merrill Edge offers investors access to Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Bonds) and Education (Retirement), while Tradier offers investors access to Paper Trading.

What about Merrill Edge vs Tradier pricing?

Merrill Edge and Tradier 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 Tradier. For a complete commissions summary, see our best brokers for free stock trading guide.

Does Merrill Edge or Tradier 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 Tradier offers investors access to Stock Trading, Options Trading and Mutual Funds, neither have Fractional Shares, Futures Trading and Forex Trading. Looking at Mutual Funds, Tradier trails Merrill Edge in its offering of no transaction fee (NTF) mutual funds, with Merrill Edge offering 3095 and Tradier offering 0.

Which trading platform is better: Merrill Edge or Tradier?

To compare the trading platforms of Merrill Edge and Tradier, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, E*TRADE offers a better experience. With research, Merrill Edge offers superior market research. Finally, we found E*TRADE 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 Tradier offers neither of these.

Is Merrill Edge good?

Merrill Edge offers $0 trades with industry-leading research tools — especially for ESG research — and excellent customer service. Better yet, the Preferred Rewards program at Bank of America, Merrill Edge’s parent, offers the best rewards of any bank broker we tested in 2022.

Is Tradier good?

Tradier Brokerage is somewhat unusual among the brokers in our annual review: clearly aimed at the advanced trader, but one who is not interested in cryptocurrencies or futures trading. To get the most out of being a Tradier Brokerage client, investors must also be willing to pay for a premium platform.

Merrill Edge vs Tradier Winner

Overall winner: E*TRADE

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